It goes without saying that financing a car, not to mention a luxury vehicle, is not the best option because of the interest rates. Lexus, however, wants to encourage you to buy its vehicles by funding this month with an irresistible offer that covers the whole country.
In a report by CarsDirect, dealers are now offering 60-month interest-free financing on all 2020 and 2019 Lexus models. This is a huge improvement over the previous 0.9% annual rate. With this offer, a Lexus RX of $ 50,000 can benefit from $ 833 / month before taxes and fees, while a Lexus LS 500 of $ 80,000 will save you up to $ 1,800 on interest on five years.
Contrary to, CarsDirect He said a $ 50,000 Toyota Highlander, with no special APR funding currently available, can generate up to $ 6,820 in interest with a payment of $ 947 per month. It is with a non-promotional interest rate of 5.15%.
CarsDirect He also discovered that a zero percent similar APR is currently being proposed to finance used Lexus certified vehicles. This offer is available for a 36-month financing term, which the website says is the lowest rate ever for used Lexus cars.
CarsDirect clarified that the aforementioned zero percent APR funding is a national offering, which will expire on June 1, 2020. Those wishing to purchase a Lexus through funding could take advantage of this promotion until what it lasts.
It should be noted that a 72-month financing of a Lexus vehicle would produce a TAP of 1.9% in various regions of the United States, except in the Northeast, which has a TAP of 0, 9% for the same funding period.