Nearly 80 Lexus dealerships in seven states are included in the launch of a U.S. program that has a traditional lease foundation with other components aimed at making driving the luxury brand more convenient.
In the age of increased online shopping, automatic bill payments and the growing prevalence of minimalist lifestyles, Lexus acknowledged drivers are also looking for ways to simplify their overall automotive experience. The OEM believes it’s answered the call for a single monthly payment for a lease that includes insurance, scheduled maintenance and other services.
The new full-service Lexus Complete Lease includes a 20,000-mile, two-year term, which combines the cost of the lease with maintenance, insurance and additional services in one monthly payment. The innovative Lexus Complete Lease is currently available for qualifying consumers who choose any Lexus UX available in seven states — California, Florida, Illinois, Indiana, Massachusetts, New Hampshire and Rhode Island.
“This type of alternative leasing program aligns with the heart of Lexus, providing an amazing guest experience in every way,” said Lisa Materazzo, vice president of Lexus marketing. “By appealing to those looking to simplify their monthly commitment, the Lexus Complete Lease program makes the process more streamlined for our guests.”
The full-service lease program, offered by nearly 80 participating Lexus dealers, incorporates insurance and all scheduled maintenance costs for the length of the two-year lease, up to 10,000 miles per year.
In collaboration with its affiliates, Lexus Financial Services and Toyota Insurance Management Solutions, Lexus has chosen Travelers, a provider of auto insurance, for the Lexus Complete Lease. The auto insurance policy from Travelers includes auto liability and physical damage coverage with a $500 deductible to provide customers with peace of mind in knowing their vehicle is protected.
The Lexus Complete Lease also includes:
— All scheduled maintenance at 5,000, 10,000, 15,000 and 20,000 miles
— Vehicle insurance, but the OEM acknowledged coverage and rates may vary by state
— Guaranteed Auto Protection (GAP) waiver
— Two years of connected vehicle services (including SiriusXM satellite radio and Lexus Enform Remote Destination Assist) is included on Navigation-equipped models
— Tire and wheel protection
— $1,000 excess wear and use allowance
“The additional convenience and attractive list of services offered in the Lexus Complete Lease provide the enhanced and simplified payment experience our guests want,” Materazzo said.
“Travelers has earned a reputation as one of the best auto insurance companies in the industry, delivering high-quality products and services that fit with the prestige of the Lexus brand,” she went on to say. “We want our guests, new and existing, to feel they are receiving above and beyond the standard — just as they would extend to a guest in their own home.”