CAR OWNERSHIP SCHEMES

DELVE INTO DETAILS OF OUR FLEXIBLE OWNERSHIP OPTIONS

LEXUS LEASING

A non ownership option, where an agreed amount (based on the anticipated future value of the car) is deferred to the end of the agreement. At the end of the agreement you sell the car on our behalf and use the proceeds to pay off this deferred amount. If an insufficient amount is raised you must cover the difference, alternatively you may benefit from any profit resulting from the sale.

HOW IT WORKS

This option allows you to share in the profit (or loss) made on the sale of your Lexus at the end of the agreement. At the beginning of the agreement a final payment amount is agreed. This lowers your fixed monthly rentals to us. The agreed final payment must then be paid from the proceeds from the sale of the car, which you arrange at the end of your agreement.

If an insufficient amount is raised you must cover the difference to us. However, if you sell the car for more than the final payment value we will refund you the difference.

  • Key Benefits
  • Lowered and fixed monthly rentals
  • Rentals are allowable against tax
  • 50% VAT may be reclaimable on rentals
  • Vehicle can be treated as a balance sheet asset
  • Potential to benefit from any profit made in the sale of the car – over the deferred payment amount

LEXUS LEASE PURCHASE

A form of hire purchase with the added benefit of deferring an agreed amount in the form of a final payment to pay at the end of your agreement, this lowers your monthly payments to us.

HOW IT WORKS

Choose your Lexus. Decide on the amount of your deposit and agree the amount of the final payment. Your monthly payments will be based on the balance remaining after we have deducted you deposit, final payment and added our finance charges, which is then divided over a term to suit you.

Lexus Lease Purchase is designed to reduce your monthly payments or the length of your agreement, by incorporating a larger final payment at the end of your agreement. The amount of the final payment is based on the anticipated future value of your Lexus and must be paid in full when it is due.

  • Key Benefits
  • Lowered monthly payments
  • Easy budgeting – your monthly payments are fixed
  • You own the car at the end of your agreement

LEXUS HIRE PURCHASE

If you are looking for a simple, traditional hire purchase option this plan is ideal. Repayments are fixed over a term to suit you. Providing the repayment terms are met, you take ownership at the end of your agreement by paying the option to purchase fee.

HOW IT WORKS

Choose your Lexus. Pay your deposit. Agree a repayment term that is right for you, from 12-60 months. These 3 factors determine the amount of your monthly payments. At the end of the agreement, pay the option to purchase fee and the car is yours

This traditional hire purchase option is ideal if you want to own your car at the end of your agreement. You choose the period over which your payments will be spread, and the monthly payment amount is fixed for the duration of your agreement. Once the final payment and option to purchase fee are paid, you own your Lexus outright.

  • Key Benefits
  • Monthly repayments are fixed for easy budgeting
  • No large final payment
  • The car is yours at the end of your agreement

LEXUS CONNECT CONTRACT HIRE

A non-ownership option if you want the benefit of driving a new car every 2-3 years but without the worries or administration concerns associated with ownership, you simply hand the vehicle back at the end of your agreement.

HOW IT WORKS

Choose your Lexus and decide on the term and annual mileage figure that suits you. Based on these factors we will agree a fixed monthly rental (with optional maintenance). A number of rentals can be paid in advance to reduce your monthly rentals. At the end of the agreement you simply return the car to us.

If you have a VAT registered business, you may find a plan based on Contract Hire a straightforward and attractive option. Your budgeting is made easier with lower fixed monthly rentals and an optional maintenance package. You never own your Lexus under Contract Hire and have no responsibility for its sale. At the end of your agreement, you simply hand the car back to us.

  • Key Benefits
  • Lowered monthly repayments
  • Rentals are allowable against tax
  • VAT and tax benefits
  • Optional maintenance package covers unexpected costs
  • No responsibility for disposal of the vehicle

LEXUS CONNECT CONTRACT PURCHASE

A proportion of the overall balance is deferred to the end of your agreement, this final payment represents the anticipated minimum future value (GMFV) of your car which we guarantee, providing protection against a possible drop in used car prices and more options for you at the end of your agreement.

HOW IT WORKS

Choose your Lexus and agree the mileage you expect to cover during your agreement. Pay your deposit and agree a payment period that is right for you. We give your car a GMFV - this value represents your final payment amount should you decide to keep or part exchange your car. Your monthly payments will be based on the balance remaining after we have deducted your deposit, GMFV and added on the finance charges.

Lexus Contract Purchase offers an affordable and flexible way to drive a new Lexus more frequently. Your monthly payments are lowered by deferring part of the purchase cost to the end of your agreement. This amount represents a guaranteed minimum future value (GMFV) for your car and in addition to this benefit you are provided 3 flexible options at the end of your agreement.

  • Key Benefits
  • Lowered monthly repayments
  • Protected by a Guaranteed Minimum Future Value
  • 3 attractive options and the end of your agreement