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. 
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.
For illustrative purposes only
|Finance or Lease Contract Payoff Amount:
|Minus Total Auto Insurance Settlement :
|Plus Auto Insurance Deductible :
|Total Out-of-Pocket Expense :
|Minus GAP Payment :
|Total Owed to Financial Institution to Pay Off Finance or Lease Contract
* 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.