Can I Finance a Pre-Owned Lexus Vehicle?

When you shop for a pre-owned Lexus model at our dealership, you can finance it just as you would a new car. But why should you? It saves you money month-to-month, you have more driving freedom, and you can easily trade in your current model. Here’s why you’ll want to consider financing a pre-owned car at Keyes Lexus and how to get started.

Why Finance?

Financing a pre-owned vehicle gives you control over how you use your vehicle. You’ll be handed the title and registration information at signing, meaning you own the car and aren’t restricted by mileage limits as you would be with a leased vehicle. Depending on the vehicle, you can often save a significant amount when financing a pre-owned car compared to financing a similar new model.

Cost Savings

While paying the full cost of a vehicle still works for some drivers, financing allows you to drive a new vehicle immediately while paying less over time. Depreciation is inevitable for any vehicle, but most of its value drop occurs in the first year on the road. Thus, a pre-owned vehicle’s expected depreciation incurs a lower penalty to the value compared to new cars.

Start Your Plan

Financing your pre-owned Lexus model is as easy as contacting our dealership. Once you’ve test-driven the model you want, we’ll input your financial information to show you plans that you qualify for. You’ll usually need a down payment for vehicle financing; we recommend at least 20 percent of the final purchase price. Each plan tells you exactly what you’ll pay each month after all fees and taxes.