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December $2000 Finance cash back - Whats the catch?

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Old 12-22-13, 07:24 AM
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Notts
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Default December $2000 Finance cash back - Whats the catch?

Has anyone taken this up? Im wondering if there is any small print im missing.

I wanted to buy cash but have been told this:

if i pay cash but finance $10k of it for 90 days. I get $2k back directly from Lexus.
I am told there are no setup fees or other costs.

The interest for 90 days im not sure what the rate is on the 10k but it can't be much. Sees a bit to good to be true. Anyone done it?
Old 12-22-13, 08:03 AM
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mshumack
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I went in to buy for cash - but the 0.9% financing was too good to pass up. I financed the entire purchase and left my money in the market. The fee was $1,200. There is no penalty to pay off early either.
If you take the $2,000 cash back, you have to finance through Lexus. Their rate is 3.5% or 3.25% (I don't recall now). I suppose there is a minimum amount you have to finance. I doubt they would give you $2,000 off and let you finance $1.
Old 12-22-13, 08:44 AM
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Notts
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The minimum you have to finance is $10k. So i would be financing 10k for 90 days @ 3.5%

You mention a $1200 fee. What was that for?
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