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Do you pay cash for your Lexus cars or finance them?

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Do you pay cash for your Lexus cars or finance them?

Old 05-03-19, 10:15 PM
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Default Do you pay cash for your Lexus cars or finance them?

Just wondering what the demographic is out here. Thanks!
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Old 05-03-19, 10:17 PM
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Lease, I get a new car every 3 years.
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Old 05-03-19, 10:25 PM
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Leased, then bought out the lease. 11 year old IS is costing me nothing to own now and is 100% solid. Love it.
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Old 05-03-19, 10:33 PM
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for my non lexus cars i paid cash, but the lexus was inherited lol
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Old 05-04-19, 06:18 AM
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Cash. I am a firm believer in avoiding as much debt as possible, although, depending on the circumstances, I might consider a lease in the future.
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Old 05-04-19, 06:19 AM
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Just started leasing 5 years ago for my daily drivers and never going back to owning. I love having a new car every three years. By the end of year two I am ready for a change but 2 year leases cost way to much on a monthly basis. For my weekend/toy cars I always buy and finance at a low rate even though I have the cash to buy it outright.
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Old 05-04-19, 10:44 AM
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Financed for 5 years through credit union, but paid off within ~2 years. Nice not having a car payment for years.
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Old 05-04-19, 11:39 AM
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Cash monies... but it was 2 years old CPO

this threads gonna start an argument lol
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Old 05-04-19, 12:05 PM
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Not a Lexus, but for my '18 Mazda I paid 40% of the purchase price in cash as a down payment, then financed the rest on a 4-year term that will be paid off early (within the next year or two).
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Old 05-04-19, 01:03 PM
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if the APR is super low, i finance, even if i can pay it off outright.

because i can use that money to make a bigger return elsewhere when it stays in my pocket.

even if you don't do any investing, getting 1.9% APR loan and keeping your own cash in a 2.2% savings account or a 3% CD is like free money.

Also, car payments boost your credit score.

Last edited by pman6; 05-04-19 at 02:10 PM.
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Old 05-04-19, 01:11 PM
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Cash, never had a car payment.

Last edited by Bgw70; 05-04-19 at 01:32 PM.
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Old 05-04-19, 01:23 PM
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Always cash for me
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Old 05-04-19, 01:58 PM
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Can we add a poll this this thread? The info would be easier to see.
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Old 05-04-19, 02:35 PM
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Cash buyer here...

Full coverage insurance costs almost double the rate in my neck of the woods when you finance/lease. Typical liability coverage ranges from $700 - $1200/yr. Full coverage needed for lease or financed cars are usually from $1400 - $3000/yr depending on the type of coverage/provider. I've gotten quotes from all the following: Geico, State Farm, All State, eSurance..

These numbers consider a clean driving record. If I were to finance a car for 5 years, i expect to pay an extra $4,000 - $5000 over that term for insurance coverage which always turns me away from financing.
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Old 05-04-19, 03:08 PM
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I always pay cash (usually less trade in) on new cars.
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