I tend to lean on the side of taking the cheap money from Lexus if I can get 1.9% or lower I’m gonna finance and keep the cash in my pocket or invest the cash every day of the week.

 

Surprising that they can still offer 1.9% given current prime rate. I'd jump on that as well if I was buying now. We financed our RX through Lexus Financial back in 2017, paid it off early and received the title in a matter of weeks.

 

I got 2.49% in November from Lexus Financial - my bank was already at around 3.25% saving rate at that time and continues to go up ... so no reason to pay cash or pay it off early (except I have no other debt aside from car and I hate having debt). The finance guy asked me what I was putting down - he said most people put down 10 or 20K and I said that it would be stupid to put down any money.

 

I also got a loan for 2.49% in May of last year. I could have gotten a lower interest rate through my credit union, but I almost got a car through them before and it was too much of a hassle. I put down 17K because I wanted to have positive equity, wanted to pay as little interest as possible and don’t like expensive car payments. My credit union has a 4.75% APY on checking accounts, so I slacked off paying the car off. But I went ahead and did it because I didn’t want to pay Lexus any more interest, plus there’s no telling what might happen to the U.S. Dollar.

So far I’ve had no issues with Lexus Financial. I paid my car off yesterday and I’ll let you guys know when my title comes.

 

Just checked the mail and my title came. I’m pretty sure it’s mail from yesterday. I paid my car off on February 27th, so it took 21 days for my title to come in the mail.

 

There's no options below so there's no way to calculate monthly payments.

There's a boat load of car payment calculators available on line; just plug "car payment calculator" (without the quotes) into your favorite search engine and use whichever one suits your fancy.

 

And you’ll defray the interest payment by putting the cash in a good MMF for term of the financing.