LEXUS CONNECT CONTRACT PURCHASE

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

• Affordable - lowered fixed monthly payments
• GMFV - protects you against any potential decrease in used car values
• Flexibility - 3 options at the end of your agreement – Either keep the car by paying the GMFV and option to purchase fee, or part exchange for a new Lexus or return the car with nothing more to pay (providing it is in good repair and condition and the maximum mileage has not been exceeded)

How does it work?

• 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.