Lexus send me 2.9% 60 mo for a new LS500 AWD
08-06-18, 07:04 PM
#1
Pole Position
Thread Starter
Lexus send me 2.9% 60 mo for a new LS500 AWD
My local Lexus dealer sends me this promotion of Lexus LS500 AWD, I'm very shocking that Lexus provides 2.9% APR to brand new LS class. 
, normally, this class never give such low financial aid.
https://www.lexusofbellevue.com/LexusOffers_D
It seems LS sales is struggle in north west, the dealer is aggressive to clean its stock, if anyone want to take this advantage, it's good time.
lexus LS 2018 sales: http://carsalesbase.com/us-car-sales...exus/lexus-ls/
, normally, this class never give such low financial aid.https://www.lexusofbellevue.com/LexusOffers_D
It seems LS sales is struggle in north west, the dealer is aggressive to clean its stock, if anyone want to take this advantage, it's good time.
lexus LS 2018 sales: http://carsalesbase.com/us-car-sales...exus/lexus-ls/
Last edited by sears1234; 08-06-18 at 07:06 PM. Reason: cannot display the table
08-06-18, 07:52 PM
#3
Lexus Fanatic
My local Lexus dealer sends me this promotion of Lexus LS500 AWD, I'm very shocking that Lexus provides 2.9% APR to brand new LS class. , normally, this class never give such low financial aid.
https://www.lexusofbellevue.com/LexusOffers_D
It seems LS sales is struggle in north west, the dealer is aggressive to clean its stock, if anyone want to take this advantage, it's good time.
lexus LS 2018 sales: http://carsalesbase.com/us-car-sales...exus/lexus-ls/
, normally, this class never give such low financial aid.https://www.lexusofbellevue.com/LexusOffers_D
It seems LS sales is struggle in north west, the dealer is aggressive to clean its stock, if anyone want to take this advantage, it's good time.
lexus LS 2018 sales: http://carsalesbase.com/us-car-sales...exus/lexus-ls/
08-06-18, 10:14 PM
#4
Lexus Test Driver
Low financing is very common on most premium sedans (on the West Coast). I don't see anything out of the ordinary here other than it's on a car that just came out. Still not too bad though.
08-07-18, 05:01 AM
#6
2.9% for 60mo's is just slightly better than my credit union (3.24%). So, not really anything to get excited over.
08-07-18, 05:22 AM
#7
penfed you can get 2.49 for 36 month loan, but that means high monthly payments. Heres more of their rates. so 2.9% from lexus isnt anything crazy. You can get 3.49% 60m here.
https://www.penfed.org/auto/new-auto-loans
https://www.penfed.org/auto/new-auto-loans
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08-07-18, 05:34 AM
#8
Lexus Fanatic
Was going to say the same thing, but I understand the OP's point, the vehicle just came out. The reality as was explained to me end of June, LS500s are not moving nor are RX-Ls. If I were really in the market? Wait for cash back, and make sure any incentive is on top of a "cash" price. The only time I've used captive financing was with the 1998 Maxima, but it was 5.9% "AND" $2500 cash back. Those were the days when people were getting $6500 off list if you had a pulse (that includes the rebate). In the newspaper there were brand new 1998 Maximas going for $14,900 hahahahahahaha sounds so cheap today. Today, it's like "I got a smokin' deal and got the LS down to 93k!"
08-07-18, 08:09 AM
#9
Dysfunctional Veteran
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, 08:55 AM
#11
Lexus Fanatic
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, 09:01 AM
#12
Dysfunctional Veteran
I agree....bought 3 new cars, all financed, but last car said enough is enough and paid cash (albeit only $14k). In my mind, if I wanted a 2018 Grand Sport Vette, there is zero chance I would take $75k out of the bank, too risky. At the same time, would not be willing to pay even 2.9%--my brain says put 50% down incl. sales tax, finance rest, but like you, it can't be 2.9%. I am willing to do more than 0%, but not 2.9%. I could loan it to myself at 1.7% but again too risky, paying oneself back is a great idea but money has wings and has a tendency to get up and fly away. The sensible choice is no Grand Sport.
No thanks. If I want one of those, I will buy it when its a few years old, and someone else has taken the depreciation hit.
08-07-18, 09:20 AM
#13
Lexus Fanatic
LOL those are stupidly priced IMO. wayyyyyy too much money to pay for a toy. My uncle just bought a carbon series Grand Sport Targa and it was over $100k. For a car you drive maybe once a week?
No thanks. If I want one of those, I will buy it when its a few years old, and someone else has taken the depreciation hit.
No thanks. If I want one of those, I will buy it when its a few years old, and someone else has taken the depreciation hit.
When I went to the launch of the 991 Porsche (holy cow that may have been 7 yrs ago?), I was talking to this gentleman...he told me in all he has had 5 911's at the time, 2 of which brand new. Went on to say if you have money then by all means order one exactly the way you want it, it's a very nice experience, did it 2X, but in his opinion, a 5 y.o. car is in the sweet spot. And as you point out, many are not daily driven....(though with AWD more are than 20 yrs. ago)
08-07-18, 09:45 AM
#14
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, 10:21 AM
#15
Lexus Fanatic
I think what's genius in the car industry is for Madison Ave. to have taught people to say, "It's a ninety thousand dollar car." Why? Because the sticker says so. Brand new $90k BMWs can have $12k off as long as you have a pulse. In reality, it's a seventy-eight thousand dollar car. Finance guys use the latter, retail buyers like to use the former. Kinda like zillow, be honest, don't you love what they say your house is worth? Makes me feel rich! But I know it's a farce.