Lexus send me 2.9% 60 mo for a new LS500 AWD
08-07-18, 10:32 AM
#16
Dysfunctional Veteran
08-07-18, 11:12 AM
#17
Lexus Test Driver
USAA Gave me 0% for 72 months on my Ram when I bought it. It's paid for now, but I refuse to pay interest on vehicles. If you cant get me to 0%, I will pay cash, or take the going rate to get the better deal at the dealership, turn around and pay it off on the first payment date. Time is money, I won't play games at a dealer. When I walk in, they are either going to sell me the car for what I want, or I will go somewhere else. There are way too many dealers around north texas to pay too much for a depreciating asset.
Anyway, at 2.9% for 60 months, unless you put a large down payment (like $50k) you will be upside down in no time. At that rate with 0 down, assuming an 80K out the door price, its $1434/mo. At that rate, you would not be able to pay it off faster than it depreciates. In 2 years, you could be as much as $20,000 upside down.
Anyway, at 2.9% for 60 months, unless you put a large down payment (like $50k) you will be upside down in no time. At that rate with 0 down, assuming an 80K out the door price, its $1434/mo. At that rate, you would not be able to pay it off faster than it depreciates. In 2 years, you could be as much as $20,000 upside down.
08-07-18, 11:35 AM
#18
Lexus Fanatic
Nobody can deny that the new LS500 is nice, you simply have to be a human being to conclude it is a nice car. The problem becomes it's not desirable for most, given the price and the competition.
08-07-18, 11:38 AM
#19
08-07-18, 11:49 AM
#20
Lexus Fanatic
Super, another self righteous financial lecturing thread 
08-07-18, 12:43 PM
#21
Instructor
The new LS has cramped interior and rough ride compared to the previous generations. Even Consumer Reports gives the new LS bad reviews. On top of all that, it’s overpriced. The LS drives away traditional Lexus buyers and fails to attract new and younger buyers that it’s going after. Seems like Lexus is lost with the design of this new LS. Very disappointing.
08-07-18, 12:59 PM
#22
Dysfunctional Veteran
Regardless, the fact remains, one will owe more on the car than its worth before paying it off if the loan is paid out to term, without a sizable down payment.
08-07-18, 01:12 PM
#23
08-07-18, 01:49 PM
#24
Lexus Fanatic
The new LS has cramped interior and rough ride compared to the previous generations. Even Consumer Reports gives the new LS bad reviews. On top of all that, it’s overpriced. The LS drives away traditional Lexus buyers and fails to attract new and younger buyers that it’s going after. Seems like Lexus is lost with the design of this new LS. Very disappointing.
08-07-18, 02:23 PM
#25
Lexus Fanatic
iTrader: (20)
dealer rates and paying cash etc. makes no sense with rates close to zero.
08-07-18, 04:33 PM
#26
Lexus Fanatic
glad you're pleased with your decision. $14k put into amazon stock a year ago would have provided about a 70% return, or about $10k, so by financing at say 3% and paying what, a hundred in interest, your car would have cost under $4k.
dealer rates and paying cash etc. makes no sense with rates close to zero.
dealer rates and paying cash etc. makes no sense with rates close to zero.
summed up, you're playing the shoulda coulda woulda. I also put 50% down on the bmw and paid it off in 24 mos. What if that cash was left in the market? Doesnt work that way imho.
08-07-18, 09:59 PM
#28
Pole Position
Thread Starter
Large sedans are dead. Mid-sized sedans are still a strong player in the current market. The Camry and even the ES prove there is still a demand for a sedan.
The LS did win in July. Lexus sold 6 more LS' than BMW did 7-series. What's more shocking is Lexus and BMW sold more flagships than Mercedes did in July. I wonder what made the S-class sales fall by more than half.
The LS did win in July. Lexus sold 6 more LS' than BMW did 7-series. What's more shocking is Lexus and BMW sold more flagships than Mercedes did in July. I wonder what made the S-class sales fall by more than half.
Three of my local mercedes dealers have 1, 1, and 3 S sedan, and dealer isn't willing to negotiate price now.
08-08-18, 04:56 AM
#29
Ok, my point was, its a rapidly depreciating asset. I threw out some random numbers, and certainly didn't do any math. Regardless, the fact remains, one will owe more on the car than its worth before paying it off if the loan is paid out to term, without a sizable down payment.
Regardless, the fact remains, one will owe more on the car than its worth before paying it off if the loan is paid out to term, without a sizable down payment.Anyway, at 2.9% for 60 months, unless you put a large down payment (like $50k) you will be upside down in no time. At that rate with 0 down, assuming an 80K out the door price, its $1434/mo. At that rate, you would not be able to pay it off faster than it depreciates. In 2 years, you could be as much as $20,000 upside down.
08-08-18, 05:08 AM
#30
Lexus Fanatic
I would have no problem buying an $80k vehicle with 0 down. It’s all relative.