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IS 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 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 [1] [2].

With GAP, the deficiency balance is paid, and in most states, GAP will cover up to $1,000 of your auto insurance deductible [1] [3].

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 [2] [3].

How GAP Works [4]


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 [5]: -$40,000
  $3,000
Plus Auto Insurance Deductible [3]: +$1,000
Total Out-of-Pocket Expense [6]: $4,000
Minus GAP Payment [1]: -$4,000
Total Owed to Financial Institution to Pay Off Finance or Lease Contract $0


Ask your local Lexus dealer about LFS GAP. For LFS GAP customer service, call (800) 255-8713.

Vehicle(s) shown may feature optional equipment.

MSRP does not include delivery, processing and handling fee of $895. Excludes taxes, title, license and optional equipment. Dealer price will vary.

©2006-2013 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, past-due charges or other amounts due. See agreement for complete details. Some restrictions may apply. [2]Lexus Financial Services lease contracts include a deficiency balance waiver, therefore the GAP program is not eligible for purchase on these contracts. Please review your Lexus Financial Services lease contract for provisions of the deficiency balance waiver benefit. [3]GAP pays up to $1,000 (in most states) of your auto insurance deductible if it is purchased and disclosed separately on the finance/lease contract. On approved credit. [4]For illustrative purposes only. [5]Total auto insurance settlement before deductible is applied. [6]Deficiency balance. If a total loss occurs without GAP, you are generally responsible for this amount to pay off your finance or lease contract. Back to top