Typical discount off MSRP
#76
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I hate to suggest you buy in a rush, but there is a $3000 incentive on the ES that ends tomorrow. Tomorrow is also the last day of the month and salesmen are typically very eager to make a deal. I would email every dealer near you and tell them you want to buy today and see what price they're offering. You should be able to get a minimum of 10% off MSRP and probably up to 16% if things go well. Keep in mind you would have to buy a car that is currently on the lot since you have to take ownership by the 31st, but tomorrow would be a great day to buy an ES.
#77
Driver School Candidate
#79
Lexus Fanatic
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In fact you cannot finance it with them to get the rebate from what I've seen...
#80
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Really that's interesting I plan to finance with my credit union like I always do but I noticed car dealerships get annoyed with that when I've purchased cars in the past. They don't seem to like it at all
#81
Lexus Fanatic
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They make profit off of you doing the financing with them. Sometimes though the rebates and a promotional rate are an either/or thing.
#82
#83
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Edmunds says for the $3000 rebate:
"
Performance Customer Cash is available towards retail purchases. May not be combined with special APR or leases financed through Lexus Financial Services."
#84
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Bank of America lists an interest rate under 3% right now. Doing a quick calculation, over 60 months, taking Lexus financial's 0.9% interest rate would only save about $1000 compared to an interest rate of 3%. So, its better to take the $3000 dealer incentive I assume?
#85
Instructor
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The $3000 dealer cash incentive fine print says that it can't be combined with the Lexus finance special 0.9% for 60 months interest rate. However, the dealer cash does not require using lexus to finance right? One could go with outside financing?
Bank of America lists an interest rate under 3% right now. Doing a quick calculation, over 60 months, taking Lexus financial's 0.9% interest rate would only save about $1000 compared to an interest rate of 3%. So, its better to take the $3000 dealer incentive I assume?
Bank of America lists an interest rate under 3% right now. Doing a quick calculation, over 60 months, taking Lexus financial's 0.9% interest rate would only save about $1000 compared to an interest rate of 3%. So, its better to take the $3000 dealer incentive I assume?
You only have to make 6 payments, then:
You can either pay it off
Or
Refi, my dealer has been doing Regis at under 2% (used car rates)
#86
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interesting. So one cannot get the $3000 cash incentive if you bring in your own loan from an outside lender?
#87
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Originally Posted by bostonsnow
interesting. So one cannot get the $3000 cash incentive if you bring in your own loan from an outside lender?
#88
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_________
Customer $ Offer
Requirements and Restrictions:
Performance Customer Cash is available towards retail purchases. May not be combined with special APR or leases financed through Lexus Financial Services.
Customer $ Offer Start End
$3,000 05/31/2016 06/30/2016
Military Bonus $ Offer
Requirements and Restrictions:
Military Bonus Cash Credit is available towards retail purchases to customers who are in current active duty status in the U.S. Navy, Army, Air Force, Marines, National Guard, Coast Guard or Reserve (active or inactive). Veteran or retired Military personnel are eligible within one year of their discharge date. Can be transferred to a household member residing at the same residence including GoldStar family members. Credit must be applied towards the down payment or capitalized cost reduction. Vehicle must be finance through Lexus Financial Services. Offer is not combinable with College Graduate Bonus Cash.
Bonus $ Offer Type Start End
$1,000 Military 01/04/2016 01/03/2017
Military Bonus $ Offer
Requirements and Restrictions:
Military Bonus Cash Credit is available towards leasing to customers who are in current active duty status in the U.S. Navy, Army, Air Force, Marines, National Guard, Coast Guard or Reserve (active or inactive). Veteran or retired Military personnel are eligible within one year of their discharge date. Can be transferred to a household member residing at the same residence including GoldStar family members. Credit must be applied towards the down payment or capitalized cost reduction. Vehicle must be finance through Lexus Financial Services. Offer is not combinable with College Graduate Bonus Cash.
Bonus $ Offer Type Start End
$1,000 Military 01/04/2016 01/03/2017
#90
Driver School Candidate