Recently I had a opportunity to pick up a 2007 IS350 from my local dealer. The car came from an auction and after inspecting it earlier in the week, I was very dissapointed in the condition......long story short, I found a brand new 2008 for a few grand more
2008 IS350 SGM with grey interior, sport pkg, nav, 18"s, 160miles, rear spolier, for $35K.
This leads me to my question, what are some good rates currently going for on new cars for 5 year loans(I also have near perfect credit)?
I believe the dealer mentioned it was through Toyota/Lexus credit. I know Lexus is now offering 4.9% on CPO, I wonder if they can match this for new cars too?
Thanks for the help!
I pick it up tomorrow afternoon!
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Is the 2.9% figure for loans of less than 5 years? That seems like an awesome rate for a 5 yr loan. Does lexus state anywhere whether these rates apply only to 2009's or would they apply to a brand new 2008 like i bought?
I am trying to gather the info tonight becuase I will be talking to the finance manager in the morning before I head out tomorrow afternoon to pick it up.
I am thinking the current financing deals are for 09's. As for the car having 160 miles, its never been titled so technically its new but was maybe driven for a test drive or two or from one dealer to another.
I really hope I can get a rate for 5 years at around 5.5% or less would be great.