Buying a Lexus has never been easier. Our finance department is ready to get you the vehicle of your dreams.

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LEXUS OF WILMINGTON FINANCE CENTER

Finding a new or used vehicle you'd like to purchase is one thing, figuring out the financing for it is another venture entirely. Do not fear! The Lexus of Wilmington finance team is ready to assist Wilmington area drivers with nearly every aspect of the vehicle financing process! From our team of seasoned finance professionals to our array of digital retailing tools, we make car financing a breeze, here at Lexus of Wilmington!

BUYING VS LEASING

When it comes to purchasing a vehicle, Wilmington, DE drivers generally have two financing options: buying or leasing. While buying provides drivers a way of purchasing a new or used vehicle in its entirety, leasing provides drivers with a convenient 2-6-year rental period. While it's not renting a vehicle, leasing is an agreement between the dealership and the driver that sees the driver make monthly payments on the vehicle (for an agreed-upon length of time), that ends with the driver returning the leased vehicle to the dealership at the end of the leasing period. Leasing allows for you to experience different Lexus models every few years

Buying a vehicle usually means drivers will take out a loan, pay for the vehicle upfront with the loan, and then make monthly payments on the loan (until paid off). If you have any questions about the loan process our finance team will help you step by step through the process.

ONLINE FINANCE APPLICATION

Wondering whether you're approved for a loan? Newark, DE drivers can get ahead of the financing process by filling out an online finance application. Our financial application is quick and easy to help you get through the financial process sooner with little hassle. Once completed and submitted, one of our finance team members will contact you to go over loan, lease, and finance package options.

Additional finance-related digital retailing tools include our value your trade tool and our estimate monthly payments tool. If you prefer, drivers can always contact our dealership to speak with a finance expert, to go over potential finance options.

CAR FINANCING IN WILMINGTON

The Lexus of Wilmington finance team is ready to work with you! Be sure to check out our value your trade tool to find out what your current trade is worth to put towards your new Lexus. Call, stop by, or  contact our team  with any finance questions! We look forward to helping you get into a Lexus model at Lexus of Wilmington in Wilmington, DE soon.

AUTO FINANCING TERMINOLOGY

Understand some of the industry terminology before going to the dealership. We have outlined some of the top used terms that you might hear. Check out this small list below to learn more:

APR: The Annual Percentage Rate

Assignment: A transfer of a loan from one lender to another

Base Price: The costs of a car with standard equip incentives & freight

Certificate of Title: A Legal document issued by a state at the time of sale.

Co-signer: A person who takes on a loan if the orig. borrower stops pay

Default: Failure to meet the terms of the loan

Interest: A percentage charge for a loan

MSRP: Manufacturers Suggested Retail Price

Refinance: When one loan is used to pay off another

Term: The length of the loan, 24, 48, 60... months

Underwriting: Verifying the data used to obtain a loan