By explaining our privacy policy to you we trust that this notice will allow you to better understand how we keep certain information private and secure while using it to serve you better. This notice is provided to you as required by the federal Financial Privacy Law and refers to our policies and practices effective on and after July 1, 2001.
The notice explains the following:
- Protecting the Confidentiality and Security of Consumer Information
- Who is Covered by the Privacy Policy; Revisions to the Policy
- The Types of Information We Have About You and Where It Comes From
- Sharing Information with Affiliated Companies
- Sharing Information for Legal, Business and Joint Marketing Purposes
PROTECTING CONFIDENTIALITY AND SECURITY OF CONSUMER IN FORMATION.
We take seriously our responsibility to respect the confidentiality and security of nonpublic personal information -called "Consumer Information" in this notice. Our policy calls for safeguards to protect Consumer Information from unauthorized access, alteration and destruction. For example, our policies authorize access to Consumer Information only by those who need access to do their work. The same holds true for our affiliated companies, which are companies that, now or in the future, we own (or control), or are owned (or controlled) by, or are under common ownership (or control) with. We also may maintain, as required by applicable federal regulations, physical, electronic, and procedural safeguards to guard your nonpublic personal information.
WHO IS COVERED BY THE PRIVACY POLICY; REVISIONS TO THE POLICY
Our privacy policy applies to individuals (and their legal representatives) who are our consumers in connection with financial services primarily for personal, family or household purposes, such as teases, installment purchases of vehicles, insurance and extended service policies. It covers both current and former customers and treats them the same. This notice also describes the privacy policy of our affiliated companies, except as stated in separate notices they give you. Consumers who transact financial services business through the Internet may also be covered by privacy policies that may be posted on the web sites they visit. Individuals who transact business with us, but who do not seek financial services from us, are not covered by our privacy policy or this notice. We reserve the option of revising this notice and our privacy policy from time to time, but we will give you notice of the revised policy before disclosing Consumer Information about you other than as described in this notice.
INFORMATION WE COLLECT
We collect and use information about you from various sources. The amount and nature of the information collected and used varies from transaction to transaction, but it can include the information described in the following five types:
Information from you. Information you provide to us on applications, other forms, and by other means, such as your name, address, social security number, assets, income and debt; Information from our experiences and our affiliated companies' experiences. Information about your transactions and account experience with us or our affiliated companies, such as parties to transactions, contract or lease balances, payment history, and communications and correspondence; Information from the experience of other parties. Information from other outside sources regarding their employment, credit or other relationships, account experience, or transactions with you, or verifying representations made by you, such as your employment history, credit balances, or your property or liability insurance coverage; Information from credit reports. Information supplied by consumer reporting agencies, such as information regarding your creditworthiness or credit history; other general information. Other general information we obtain about you (such as demographic information) that are not assembled for the purpose of determining your eligibility for credit, insurance, employment or other products or services.
SHARING INFORMATION WITH AFFILIATED COMPANIES
We may disclose to our affiliated companies all of the information we collect about you as described in each of the five categories above. Our affiliated companies can be financial service providers such as leasing companies, insurance companies and payment processing companies and non-financial companies such as automotive repair facilities and data processing companies. This sharing permits us to give you superior service, make a wider range of products available, and operate our business more effectively. We do not share information with nonaffiliated third parties, other than described below under "Sharing Information for Legal and Routine Business Reasons and for Joint Marketing." Where they apply, we observe certain kinds of information with our affiliates. For example, unless you authorize the sharing, we do not disclose creditworthiness information about your from credit reports.
SHARING INFORMATION FOR LEGAL AND GENERAL BUSINESS REASONS AND FOR JOINT MARKETING
We may disclose any of the above five types of Consumer Information to credit bureaus and similar organizations, and otherwise when permitted by law. For example, this may include a disclosure in connection with a subpoena or similar legal process, a fraud investigation, recording motor vehicle registration and other documents in public records, an audit or examination, or the sale of your account to another financial institution. We may also share any of the above five types of Consumer Information outside of our affiliated companies if we have your consent, such as when you've requested to be contacted by other companies we work with.
We may also share all five types of Consumer Information above with companies that work for us, possibly including some of our own affiliated companies, to perform services for us or functions on our behalf. These companies may include financial service providers such as banks, finance companies, insurance companies and payment processing companies, and non-financial companies such as automobile manufacturers and data processing companies, and other organizations, such as nonprofit organizations that might provide educational, training, or certification services to businesses such as ours. We may share any of the five types of Consumer Information above with companies that work for us to provide marketing and other services or with financial institutions with which we have joint marketing agreements, such as banks or financing divisions or motor vehicle manufacturers. These companies act on our behalf and, within the time required by law, will be required by our policy to be contractually obligated to keep the information that we provide to them confidential and to use the information only to provide the services we've asked them to perform for you or us.
FACTS: What does South Bay Lexus do with your personal information?
WHY?: Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some, but not all, sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?: The types of personal information we collect and share depend on the product or service you have with us. This information can include:
· Social Security number and Income
· Account Balances and Payment History
· Credit Score
How?: All financial companies need to share customer's personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer's personal information; the reasons South Bay Lexus chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information | Does South Bay Lexus share? | Can you limit this sharing? |
For our everyday business purposes - such as to process your transactions, maintain your account, respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes | Yes | No |
For joint marketing with other financial companies | No | We don't share |
For our affiliates' everyday business purposes - information about your transactions and experiences | No | We don't share |
For our affiliates' everyday business purposes - information about your creditworthiness | No | We don't share |
For non-affiliates to market to you | No | We don't share |
Who we are | |
Who is providing this notice? | South Bay Lexus |
What we do | |
How does South Bay Lexus protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. |
How does South Bay Lexus collect my personal information? | We collect your personal information, for example, when you: · Apply for Financing or Apply for a Lease · Pay us by Check or Give us your contact information · Show us your driver's license |
Why can't I limit all sharing? | Federal law gives you the right to limit only: · Sharing for affiliates' everyday business purposes - information about your creditworthiness · Affiliates from using your information to market to you · Sharing for non-affiliates to market to you State laws and individual companies may give you additional rights to limit sharing. |
Definitions | |
Affiliates | Companies related by common ownership or control. They can be financial and non-financial companies. · South Bay Lexus does not share with Affiliates |
Non-affiliates | Companies not related by common ownership or control. They can be financial and non-financial companies. · South Bay Lexus does not share information with Non-affiliates |
Joint Marketing | A formal agreement between non-affiliated financial companies that together market financial products or services to you. · South Bay Lexus does not do Joint Marketing |
Questions? Call (310) 325-9999