Lexus

Yes, Lexus does have gap insurance. Lexus gap insurance can help pay the difference between what you owe on your loan or lease and your vehicle's actual cash value (ACV) if your car is deemed a total loss.

Key Things to Know About Lexus Gap Insurance

• Lexus gap insurance is only available at the time of financing, so you cannot add it on at a later date.
• Lexus gap insurance is available for both new and used vehicles.
• You may be able to have your insurance deductible covered by your Lexus gap insurance.
• Lexus gap insurance is available in most states.

Other Ways to Get Gap Insurance

When you're purchasing or leasing a new car, the dealership or lender may offer to add gap insurance to your loan or lease. This may be a good choice if your existing insurance company doesn't offer gap insurance, but remember that if the cost is added to your loan or lease, you will pay interest on that charge.

Many car insurance companies also offer gap insurance as an optional add-on to your existing car insurance policy. Purchasing gap insurance through your insurer is usually the cheapest option.  

To learn more, check out WalletHub's guide to gap insurance.

Lexus points are worth 1 cent each, on average. For example, 10,000 Lexus points have a dollar value of roughly $100. As a result, Lexus points are worth less than the average car company's rewards points, which are valued at 1.04 cent each.

The exact value of Lexus points ultimately depends on how they are redeemed. They have the most value when used for store credit, but there are other options. The easiest way to calculate the value of Lexus points for any redemption method is to determine the dollar value of what you're redeeming for, minus any taxes and fees that you'll still have to pay, and then divide that amount by the number of points you're required to redeem. For your convenience, here's the formula for Lexus points:

Dollar Value of Redemption Item / Number of Lexus Points Needed = Lexus Point Value

How to Earn More Lexus Points

It's important to remember that while you can't change the redemption values of Lexus points, you can increase the rate at which you earn them. One of the best ways to increase the number of Lexus points that you earn is to apply for the Lexus Credit Card.

Lexus Points vs. The Competition