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 help protect Lexus drivers from financial burden if the vehicle is declared a total loss. Our goal is to provide you with the same exceptional 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 can 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 GAP, the deficiency balance is paid, and in most states, GAP will cover up to $1,000 of your auto insurance deductible  
GAP is only available when you purchase or lease an eligible new or used vehicle. For additional convenience, GAP can be added to your monthly payment  
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:
|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
Ask your local Lexus dealer about LFS GAP. For LFS GAP customer service, call (800) 255-8713.