I read they have new car terms and rates. I know the rates usually depend on credit, but up to how long of terms do they allow on CPO's?

 

I'm buying an '02 GS300 this week and I've been offered 4.9% from Lexus Financial Services. This rate is offered to those with good/excellent credit. I don't remember the exact Credit Score you need for 4.9%, but it is the lowest rate they'll give right now --- or so I've been told. If you hear of anything better, please let me know. I've been told the rate is available until the end of November. The term is up to 60 months.

I do know from doing a Google search that LFS offered 1.9% in early '05 for those with excellent credit. Unfortunately, this promotion ended after a month or so.

 

I think they had offered me 5.9% and 60 months...although he did not actually look up anything, making me think maybe he errored by saying 5.9 instead of 4.9%.

If I buy a CPO car...I do not HAVE to go through Lexus financing though, right?