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Will I still be able to make principal only payments on the new website?

When you log in to your account after November 12, 2023, you will see upgrades to the website and payment experience. 

Recurring Payments:

If you had recurring payments set up before November 12, 2023, they would continue to process with the bank account information you submitted when the payment was set up, and you do not need to take any action.   

If you need to cancel this recurring payment, you can do so when you log in to your account and view your transactions. If you are looking to edit or modify your recurring payment, you can do so by canceling and setting up a new recurring payment. 

 

Scheduled One-Time Payments:

If you set up a scheduled one-time payment before November 12, 2023, it will continue to process with the bank account information you submitted when the payment was set up, and you do not need to take any action. If you need to cancel this scheduled payment, you can do so when you log in to your account and view your transactions. If you are looking to edit or modify your scheduled one-time payment, you can do so by canceling and setting up a new payment. 

Payments made or scheduled on the website after November 12, 2023, will now appear on your bank statement as “Lexus ACH” rather than “Web Payment – Lexus Financial.”

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