Obtaining a GS400
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Driver School Candidate
Joined: Feb 2005
Posts: 20
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From: Ohio
Obtaining a GS400
Just wondering what method of financing did you do to buy your GS. Did you buy it with cash or do bank/dealer financing. The reason I am wondering is because I have found it vey hard to try and finance a GS with over 80,000 miles on the clock. Any response, or advice and tips would be helpful. 
Lexus Test Driver
Joined: May 2004
Posts: 998
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From: California
Originally Posted by bam86
Just wondering what method of financing did you do to buy your GS. Did you buy it with cash or do bank/dealer financing. The reason I am wondering is because I have found it vey hard to try and finance a GS with over 80,000 miles on the clock. Any response, or advice and tips would be helpful.
Originally Posted by blueGS400
ive got one for sale with 68k miles on it, 98 gs400 for 16,500
skpark701@comcast.net
Thanks,
Pit Crew
Joined: May 2005
Posts: 128
Likes: 3
From: Nevada
I'm surprised that you're having trouble financing. If your credit is decent and your buying in-state you shouldn't have trouble finding a credit union that will finance you - unless you're buying a late late model Lexus. The lender may only finance a certain amount of the purchase price such as low blue book without options but if you shop you'll find a car that meets their price requirements and your car requirements.
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Driver School Candidate
Joined: Feb 2005
Posts: 20
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From: Ohio
So you suggest a credit union, thanks for the advice. My credit is in great shape, but Capital one auto wouldn't do it. I'll try some in state credit unions and a local bank. I was thinking a "98 GS4 or GS3 I know its a late model Lex, but do you think it is so old banks look negatively on that fact? 
Last edited by bam86; Aug 16, 2005 at 07:21 PM.
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. You will need pretty good credit to do so. A little more work but still easier to get than typical loans and better payment terms. 
Lexus Champion
Joined: Feb 2005
Posts: 1,809
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From: NYC Raised But ATL is where I stay.
Hey, I know used car financing is predicated on many things. But when you guys say you have problems financing late late model GSs, do you mean cars past 5yrs old? or were you just referring to 98's because they're 8yrs old. I'm trying to get clear on this as I have previously only purchased my cars cash and am strongly considering financing an 01 GS 430 (hopefully). Also are any of you guys doing 60 or 72 month financing? I've seen 96 months but I don't think I'd want to go that long although it all depends on when you pay it off. Thanx in advance
Rookie
Joined: Aug 2005
Posts: 59
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From: WA
I think majority of the banks put limitations on used car loans. i am also in the market for a used GS (98 or 99). Certain banks will lend you the money as long as the car is 3 years old or newer. You just have to check around. A lot of times you can find deals on the net and see if the dealer can beat that interest rate. But to get the best price on the car cash is the only way to go.
Pole Position
Joined: Jan 2005
Posts: 229
Likes: 0
From: wi
I financed a 99 with 95K on it and got a 60 month loan without any problems, I don't think you should have any problems. You just have to find the right bank. I would try lendingtree or credit unions, they usually find the best rates because they work with multiple banks. Also I heard that M&I banks are really good on giving out loans for used cars.
Good luck.
Good luck.
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