Lexus Finance
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Driver
Joined: May 2018
Posts: 85
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From: Tennessee’
Lexus Finance
Lexus continues to offer 0.9 percent APR financing for loans from 36 months to 60 months on 2020 ES models.
Is the addition of the monthly fees detailed below common in the auto loan industry?
0.9% APR financing for 36 months at $28.16 per month, per $1,000 financed. 0.9% APR financing for 48 months at $21.22 per month, per $1,000 financed. 0.9% APR financing for 60 months at $17.05 per month, per $1,000 financed. 1.9% APR financing for 72 months at $14.7 per month, per $1,000 financed.
Is the addition of the monthly fees detailed below common in the auto loan industry?
0.9% APR financing for 36 months at $28.16 per month, per $1,000 financed. 0.9% APR financing for 48 months at $21.22 per month, per $1,000 financed. 0.9% APR financing for 60 months at $17.05 per month, per $1,000 financed. 1.9% APR financing for 72 months at $14.7 per month, per $1,000 financed.
Racer
Joined: Mar 2020
Posts: 1,756
Likes: 949
From: CA
Lexus continues to offer 0.9 percent APR financing for loans from 36 months to 60 months on 2020 ES models.
Is the addition of the monthly fees detailed below common in the auto loan industry?
0.9% APR financing for 36 months at $28.16 per month, per $1,000 financed. 0.9% APR financing for 48 months at $21.22 per month, per $1,000 financed. 0.9% APR financing for 60 months at $17.05 per month, per $1,000 financed. 1.9% APR financing for 72 months at $14.7 per month, per $1,000 financed.
Is the addition of the monthly fees detailed below common in the auto loan industry?
0.9% APR financing for 36 months at $28.16 per month, per $1,000 financed. 0.9% APR financing for 48 months at $21.22 per month, per $1,000 financed. 0.9% APR financing for 60 months at $17.05 per month, per $1,000 financed. 1.9% APR financing for 72 months at $14.7 per month, per $1,000 financed.
As far as the APR percentages cited, there's quite a bit of variations amongst auto companies. From time to time Lexus will offer 0% APR for up to 60 months but not at the present time. Currently I've seen some adds by other auto companies offering 0% for 84 months but that seems to me to be a desperation move by a company that has a glut of new vehicles in their inventory trying anything to get them off their hands.
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