Auto consumer report on Free VIN Check , Kelley Blue Book , VIN number , AutoCheck Guide, auto insurance , auto warranty , Check Lemon Cars , used car history, auto trader, buying new and used car sale price, and buy value.

Car Buying guide to Free VIN Check, Kelley Blue Book used car value, new car sale price, lemon law, trader buy car online, used car history, VIN number check, auto insurance, and extended warranty.

AUTO LEMON - USED CAR HISTORY CHECK offers Free VIN Check and Vehicle History Report . Please read our reviews and guide bellow:

Acura auto manufacturer information is provided by AUTO LEMON - USED CAR HISTORY CHECK. Consumer buying guide to Vehicle History Report, Lemon Law and check, Maintenance Schedule, Basic Warranty, Powertrain Warranty, Corrosion Warranty, Warranty Coverage, Certified Pre-owned vehicle, extended warranty, customer care benefits, roadside assistance, repair and more
Bookmark this site!
Free Car Check Lemon Cars
AUTO LEMON - USED CAR HISTORY CHECK Home
MAKE: Acura   Aston Martin Audi Bentley BMW Buick Cadillac Chevrolet Chrysler Dodge
Ferrari Ford GMC Honda Hummer Hyundai Infiniti Isuzu Jaguar Jeep Kia
Lamborghini Land Rover Lexus Lincoln Lotus Mazda Mercedes-Benz Mercury Mini Mitsubishi Nissan
Oldsmobile Pontiac Porsche Rolls Royce Saab Saturn Subaru Suzuki Toyota Volkswagen Volvo

Free AutoCheck

Home

State Car Lemon Law Consumer Guide:

 

Lexus

Financial Glossary

A

Adjusted Capitalized Cost: The difference between the gross capitalized cost and the capitalized cost reduction. This is the amount used to calculate the lease payment.
Amount Financed: The agreed-upon sale price of the vehicle, plus any charges for taxes, title, license fees, service contracts and insurance, less any down payment and/or net trade-in allowance. This is the amount that is subject to finance charges.
Annual Percentage Rate (APR): The total amount of finance charges expressed as a true percentage of the declining unpaid balance.

B

Balloon Contract: A loan that is amortized only down to the expected end-term value with a remaining balance to be paid in a lump sum at the end of the term.
Balloon Payment: Estimated final payment that covers the remaining expected value of the vehicle.

C

Capitalized Cost Reduction: The amount of any net trade-in allowance, rebate, non-cash credit or cash that you pay that reduces the gross capitalized cost. This is sometimes referred to as a down payment.
Closed-End Lease: A type of lease in which the lessee is not responsible for the value of the vehicle at the end of the lease. The lessee is liable for excess mileage and excessive wear and use. This is also called a guaranteed trade-in, net lease or walk-away lease. This is the only type of lease Lexus Financial Services (LFS) utilizes.

D

Down Payment: The amount of cash or net trade-in allowance applied to reduce the cash sales price of a vehicle. Most retail transactions require a down payment of 10 to 15 percent of the amount to be financed. However, the required down payment can be less depending on your credit standing, ability to repay and other criteria. A down payment helps lower your monthly payment as well as establish equity in your vehicle.

E

Early Termination: When a lease is ended by the lessee returning the lease vehicle to the lessor before its scheduled maturity date.
Excess Mileage: The Lexus Custom-Tailored Preferred Option Finance Plan contains a mileage limitation to prevent excess mileage from being driven and, therefore, excess depreciation of the vehicle. A set mileage allowance is stipulated in a LFS lease agreement. If this limit is exceeded, the lessee is charged for each mile driven exceeding the allowable mileage, as specified in the lease (e.g., $0.15 per mile). However, if at lease inception you feel you will be driving more then is set forth in the lease, you can add the anticipated excess mileage (at $0.15 per mile) to your lease to be paid as part of your monthly payment.
Excessive Wear and Use: The Lexus Custom-Tailored Preferred Option Finance Plan contains specific standards for excessive wear and use based upon LFS standards. Included are such items as missing parts, scratches, dents, mismatched/bald tires, cracked glass, ripped/torn/burned interior and inoperable mechanical parts. At the end of the lease, if the lessee does not purchase the vehicle, the lessee must either repair the excessive wear and use, or pay the lessor the estimated cost of repairs.

G

Gross Capitalized Cost: The agreed-upon value of the lease vehicle (including dealer markup), plus any items you pay for over the lease term such as taxes, service contracts, insurance and any prior credit or lease balance.

I

Initial Contract Term: Range in monthly increments from 24 to 48 months.

L

Lease: A contract between lessor and lessee for a specified time period and a specific payment. The title to the car remains in the name of lessor as owner unless and until the lessee exercises his/her purchase option.
Lessee: You, the customer, who signs a lease with the lessor, and pays for the use of the vehicle according to the regulations of the lease.
Lessor: The Lexus dealer, and after assignment, the financial institution to which the lease is assigned. The party leasing the vehicle to the lessee, the actual owner of the vehicle and the lease (e.g., leasing company, or dealer or financial institution).

M

Manufacturer's Suggested Retail Price (MSRP): The retail price of the vehicle as recommended by the manufacturer - often called the sticker or list price.

P

Purchase Option: An option in a lease that allows the lessee to purchase the vehicle at the end of the lease term for a specified price.

R

Refundable Security Deposit: An amount collected by the lessor at the beginning of the lease to ensure the lessee's compliance with the terms of the lease. The security deposit is generally refundable at lease end, provided there are no excess mileage or excessive wear and use charges, outstanding parking tickets or unpaid lease payments.
Residual Value: The lease-end value of the vehicle set at lease inception by the lessor. It's usually calculated as a percentage of the MSRP. This is used as a component of the payment calculation.
Retail Contract: Contract representing the time sale of a vehicle to a customer.

S

Scheduled Termination: The end of the lease term, as called for in the lease. It is also referred to as the scheduled maturity date.

T

Term: The duration of the retail contract/lease agreement, usually expressed in months (e.g., 24 months, 36 months).



Back to Lexus Auto Extended Warranty



 

 

Please choose the following link to search auto factory warranty, extended warranty, defect, recalls, news, complaint, problem, scheduled maintenance service report, repair tips and frequently asked questions on auto manufacturer:
MAKE: Acura   Aston Martin Audi Bentley BMW Buick Cadillac Chevrolet Chrysler Dodge
Ferrari Ford GMC Honda Hummer Hyundai Infiniti Isuzu Jaguar Jeep Kia
Lamborghini Land Rover Lexus Lincoln Lotus Mazda Mercedes-Benz Mercury Mini Mitsubishi Nissan
Oldsmobile Pontiac Porsche Rolls Royce Saab Saturn Subaru Suzuki Toyota Volkswagen Volvo

The Consumer Guide® Vehicle History Report provides information pertaining to a vehicle's title, registration and usage history. Consumer Guide® obtains this information from Experian Automotive Information Services, Inc. Each report displays the results of comprehensive search for: major accident damage; salvage or junk vehicles; damage from hail, flood or fire; mileage discrepancies or odometer rollback; gray market vehicles (vehicles manufactured for non-U.S. markets that may not comply with emission and/or safety standards - does not include imports originally made for the U.S. market.); lemon vehicles; vehicles designated as rentals, taxis or fleet usage; abandoned or forfeited vehicles; records of theft; liens that represent ownership interests or unpaid judgments.

Click here to try the Vehicle History Report

 USED CARS HISTORY > MODEL CAR


Copyright 2004 © AUTO LEMON - USED CAR HISTORY CHECK. All rights reserved. VIN Number - AutoCheck - Kelley Blue Book - Auto Insurance - Auto Warranty