lester123

For your information, Pen Fed Credit Union is now offering really great financing and refinancing rates on their loans. To refinance for 3 yrs with a 2013 or 2014 model year auto, the rate is .99% and the only other requirement is to have $5 on deposit at the credit union. A year ago I financed my other auto thru them at a low rate too.

Anyone know how long you need to keep a Lexus loan before you can refinance?

markrivers

isn't .99% the same with the 0.9% offered by Lexus Financial?
to answer your question, wait for the paperworks/billing statement to get your account number, there you'll see your payoff quote THEN you can re-finance.

lester123

When I purchased my RX last Oct, it was suggested by the Sales Mgr to finance to get the $1700 Lexus promotion, but interest rate was 4.5%. Then refinance in about 3 months, but I have never seen anything in writing about when one could refinance.

When I go on the Lexus Financial site, I see a payoff amount, so I guess I can refinance, although I have only made 1 payment so far.

markrivers

Yes. that's how you do it.
You can ask for a check ( from Pen Fed/ any credit union) and use it to pay it off.
i have done it before