Lexus Financial Services Auto Leasing Policies
The team at DSRLeasing.com is dedicated to providing comprehensive Lexus Financial Services lease information and resources for automotive lease transfers. We strive to keep our leasing company information accurate and up-to-date. If you represent a leasing company not listed or have updates, please contact DSRLeasing.com.
Lease Buyout Rules
Lexus Financial Services allows the original lessee to purchase the leased vehicle at any time, but the process must be facilitated through an authorized Lexus dealer.
- The purchase option price (residual value) is specified in the lease agreement. Contact your dealer or Lexus Financial Services at 800-874-7050 to obtain a payoff quote, or log into your account.
- Buyouts must be processed through an authorized Lexus dealer, not directly with Lexus Financial Services. Customers cannot send a check directly to complete the buyout.
- Third-party buyouts (e.g., by CarMax, Carvana, or non-Lexus dealers) are not permitted. Lessees must buy the vehicle themselves and may sell to a third party after completing the purchase.
- A signed Odometer Disclosure Statement must be submitted via the dealer.
- Early buyouts are allowed if permitted by the lease contract, but may include remaining lease payments and a purchase option fee (typically up to $400).
- The disposition fee may be waived if you lease or purchase a new Lexus vehicle within 30 days of lease termination.
- Additional fees (e.g., sales taxes, registration, title fees) may apply, varying by state. Contact your local DMV for details.
Contact your originating Lexus dealer or Lexus Financial Services at 800-874-7050 to discuss buyout options and confirm the payoff amount, providing your account number or VIN.
Lease Transfer Policy
Lexus Financial Services allows lease transfers, enabling another party to take over your lease with approval, subject to specific restrictions.
Transfer Fees and Conditions
- Lease Buyer Credit Application Fee: $0.00.
- Lease Transfer Fee: $200.00 (typically paid by the buyer).
- The original lessee is not liable after the transfer.
- Mileage and wear-and-tear policies carry over from the original lease.
- Security deposits transfer to the new lessee.
- Applicable taxes may apply, varying by state. Consult your state’s tax authority.
What You Should Know
- Transfers are not permitted in the first 60 days or the last 6 months of the lease.
- Transfer policies are set at the regional level and may vary by office.
- The assuming lessee must meet Lexus Financial Services’ credit and underwriting guidelines.
- The team at DSRLeasing.com can assist with navigating the transfer process.
Additional Leasing Notes
Lexus Financial Services offers leasing for Lexus vehicles, with terms typically ranging from 24 to 60 months and mileage options (e.g., 10,000, 12,000, or 15,000 miles per year). Additional taxes or registration fees may apply depending on your state; contact your local DMV for details. For comprehensive Lexus Financial Services lease information, visit DSRLeasing.com.
Lease-End Fees and Policies
- Disposition Fee: Up to $350 may be charged to cover vehicle resale preparation, unless you lease or purchase a new Lexus vehicle within 30 days of lease termination.
- Excess Mileage Fee: $0.25 per mile for miles exceeding the lease agreement’s limit (e.g., 10,000, 12,000, or 15,000 miles per year).
- Excess Wear and Tear: Costs for damages beyond normal use (e.g., dents, scratches, tire wear) may apply. Schedule a complimentary pre-return inspection within 90 days of lease-end by calling 800-228-8559 to assess charges.
- Lease-End Options: Return the vehicle to any authorized Lexus dealer, purchase it at the residual value, or lease a new Lexus vehicle. DSRLeasing can pick up the vehicle for lease return with any lender; contact DSRLeasing.com for details. Contact Lexus Financial Services 60 days before lease-end to schedule an inspection and discuss options.
Contact Lexus Financial Services
- Website: Lexus Financial Services
- Phone: 800-874-7050, available Monday to Friday, 8 a.m. to 8 p.m. ET, Saturday 9 a.m. to 5 p.m. ET
- Mailing Address for Lease Payments:
Lexus Financial Services
P.O. Box 4102
Carol Stream, IL 60197-4102
(Include your account number on the check.) - Lienholder for Insurance: Lexus Financial Services, P.O. Box 65001, Dallas, TX 75265-0001