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HSh Warranty & Protection

Guaranteed Auto Protection


Whether financing or leasing, you have a financial obligation to fulfill the terms of your contract or agreement – regardless of what happens to the vehicle. The Lexus Financial Services Guaranteed Auto Protection (GAP) program is designed to protect Lexus owners from financial burden if the vehicle is declared a total loss. Our goal is to provide you with the same worry-free experience you’re already used to as a Lexus owner.

If your vehicle is totaled, the net auto insurance payout can be less than what you owe on the outstanding finance or lease contract. This is where GAP comes in -- it will offset the difference, or deficiency balance, between the proceeds from your insurance company claim and the balance due on your finance or lease contract. [1]

With the GAP program, the deficiency balance is paid -- including your auto insurance deductible, up to $1,000 (available in most states). For additional convenience, GAP can be added to your monthly payment, for an even simpler transaction.

GAP is available only at the time of vehicle purchase or lease on new Lexus vehicles and on used Lexus vehicles (used vehicles may be current year plus nine model years old, with fewer than 100,000 odometer miles recorded). If you lease your Lexus through Lexus Financial Services, GAP is automatically included in Lexus Financial Services Lease Agreements. Ask your dealer for details.

How GAP Works*


The following example illustrates how GAP eliminates worry from your Lexus ownership. Your auto physical damage insurance may be adequate to cover certain losses related to your vehicle. However, when a vehicle is declared a total loss, insurance companies will generally pay the market value of the vehicle less any insurance deductible, if applicable. Depending on the age of your vehicle, this amount may be substantially less than the balance due on your finance or lease contract. GAP may smooth away that out-of-pocket expense.

Finance or Lease Contract Payoff Amount: $43,000
Minus Total Auto Insurance Settlement [2]: -$40,000
  $3,000
Plus Auto Insurance Deductible [3]: +$1,000
Total Out-of-Pocket Expense [4]: $4,000
Minus GAP Payment [1]: -$4,000
Total Owed to Financial Institution to Pay Off Finance or Lease Contract $0
   For illustrative purposes only

* GAP is only available at the time of vehicle purchase or lease. Ask your local Lexus dealer for GAP For GAP customer service, call 1-800-255-8713.  Type and availability of GAP vary by state. GAP may not be available on finance and lease contracts in some states.


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Vehicle(s) shown may feature optional equipment.

MSRP does not include delivery, processing and handling fee of $910. Excludes taxes, title, license and optional equipment. Dealer price will vary.

©2006-2014 Lexus, a Division of Toyota Motor Sales, U.S.A., Inc. All information contained herein applies to U.S. vehicles only.

[1]Less any delinquent payments, taxes and past-due charges. See agreement for complete details. Some restrictions may apply. [2]Total auto insurance settlement before deductible is applied. [3]GAP pays up to $1,000 (in most states) of your auto insurance deductible. [4]Deficiency balance. If a total loss occurs without GAP, you are generally responsible for this amount to pay off your finance or lease contract. [5]Credit insurance is voluntary and may be cancelled at any time. For costs and complete details, contact your dealership.

Credit insurance is available at participating Lexus dealers in all states except Alabama, Hawaii, Mississippi and West Virginia.

Payment protection is Credit Life and Disability insurance and is underwritten by Transamerica Financial Life Insurance Company, Inc. (Home Office - Purchase, New York). In all other states, it is underwritten by Monumental Life Insurance Company (Home Office - Baltimore, MD) or Life Investors Insurance Company of America (Home Office - Cedar Rapids, IA).

This is a general description of credit insurance and not a solicitation. Exclusions and limitations apply. You will receive a certificate of insurance describing the coverage.
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