wfisher

My car (gs350 awd with ML) should come in the next month. What is the best rate through lexus finance any of you have gotten for 60 month buy? Was the rate negotiable? Several credit unions/costco are around 5% but it would be nice to keep it easy and go through lexus. Thanks.

rominl

iTrader: (4)

you can try to get the dealer to match your "approved" 5% from outside

jenadamson

I told them what I got from CapitalOne and they beat it so I ended up with a bit over 5% as opposed to almost 6.

The G Man

I got 5.49 a month ago thru Lexus.

slk_dds

Just talk to your salesman/saleswoman with persuasion, he/she WILL match the rate!!!

For example, when I purchased my toy in 11/06 rate at Lexus was between 7.5%~8.0%. But at my work the rate was at 5.5% through Baylor's credit Union.

So I asked my salesman and financial advisor, they agreed to match the rate (even though, they told me that their buy-in rate was at 5.9%)!!!

rozGS430

yeah...i am paying almost 17% to Lexus Fin'l...but that's a different story...

TXprfrmnce

iTrader: (1)

Almost a year ago I got 60month at just under 6. The point of my post though is that they came down 1 pt so they always have room. Make 'em match your outside credit.

GatorWPB

I got mine just under 6% three months ago and lexus seemed to be better than any credit union I could find. The rate would have been even better if I wanted a term less than 5 yrs.

rominl

iTrader: (4)

17%?!?!?!?

jjbodean

quick heads up, the rates do vary from region to region

p_r_i_m_o

17%???? ....thats gotta be a typo

jjbodean

doubt its a typo, it all depends on your credit. bad credit, bad rate. hey, i have seen much higher.

rominl

iTrader: (4)

man, 17%, i probably wouldn't bother with an expensive purchase with that

jj, so is there a trend on the interest rate dropping?

jjbodean

yes, the rates have been coming down slowly lately. not exactly tied to the fed, but in a round about sort of way, yes.

rominl

iTrader: (4)

that's good. that means for people leasing/financing cars in the coming months, they can probably get better deals, on both the lease/purchase price and the rate