Hi Everybody:d This Is My First Post, But I Have Been Reading All Your
Threads Since The Las Couple Months. I Dont Have My Is Yet, But I Looking Around For A Good Offer. My Question Is: What Is The Finace
Rate You Guys Were Given, When You Guys Bought Your Is??? Two Of Dealers Have Told Me That The Lowest Rate Is 7.8% For Tier 1 Credit. Is This True??? I Think 7.8% Is Very High. What Do You Guys Think??

 

I think mine is either 6% or 6.9% And thats through lexus financial.

 

this is going to differ from when people bought their car since it's been going up, so you'll probably have to restrict this to the last 3 months ish. My rate from 3 weeks ago is 6.24 capital one... fetco (sp) score 757. <--Tier i don't know

 

Unfortunately, with rising interest rates, that is now "typical." You may be able to find something a little less through credit unions or the such, but most people now are getting rates between 6.5 to 8 %...

There was an earlier thread on this. I need to find it.

 

Well..... I Was Talking About Financing Thru Lexus In The Last Couple Months.

 

lexus wanted 7.45% for mine

 

I was offered 6.25% last month for 60 months through Lexus. But my dealership hooked me up with a credit union and I got 4.99%.

 

yeah it was lower than that, somewhere in the 5's. but i'm all done now...all paid off.

 

i have either 7.8 or 8.7

 

I got 5.99 through Lexus Financial.

 

I was initially offered 6.29 during the golden sales event by another saleman at the same dealership. I however did not buy it that day and went back the next day and had a different salesman. He told me that 6.29 was not possible on a IS350. I had a credit score of 792 (tier 1) and they said 7.8 I believe they wanted to make some money on me so they did not give me a good rate because i got $4800 off msrp and they gave me way too much for my trade in. I got pissed and said I would not finance through them and then the finance guy came back with 7.1. I said no thank you and asked him to write up the finance documents and put in writing that i had an option avialable to get financing else. I later returned to the dealer 2 days later and gave him a check for the remaining balance as i got 6.24 at my bank. If you have (tier 1) credit score 730+ you could shop around for best rates.

as a side note i purchased 8/21/06.

 

is a ripoff, any Credit Union will beat it. If you are a Costco member, Capital One (who they use) always has a competitve rate.

 

My case maybe outliers.
When I financed for my IS, Lexus Financial beat my Capital One rate.
I am in the tier 1 credit as well. I did try some local bank (big and small), and their rate is competitive with Capital one by 0.1 - 0.4%, plus minus.
Lexus Financials beats them all.

Did not try any local credit union as I am not a member of any at the moment.
I agree that credit unions do gives the best rate around. I used one when I bought my Audi in 1998. If you have the chance, shop for rate with them. Then bring in your financing paper when you buy your IS. Show it to the Finance Manager and ask if Lexus Financials can beat the rate (or not).

Either way, please bring your own financing before buying.
You will be in win - win situation for the best rate.

 

I got 4.75% through Travis credit union.

 

Lexus gave me 6.29%. that's with a FICO of 750
Lexus also told me that they give you the rate they get the car at. i.e they are not making money on finance.

I plan to refinance with a credit union next year.