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Here is my post from 9/17/21 - incase anyone wants to add to their special ordered IS 500 or have a Port Installed Option tacked on where applicable
Joe Z
Originally Posted by Joe Z
Here is my follow up on Accessory Options / PIO - Port Installed Options.
If you special order, some of these can be added (maybe) but I can see most IS 500 will have the Z1 or Z2 Accesory pkgs built into the Window stickers.. They will vary per 4 USA area regions.. North, South, East, West
Things that caught my attention are the CF mirror covers and CF Wing..
I do believe the CF wing is the same exact one found on the IS 350 F SPORT w/ DHP package..
Too bad they didn't make these CF bits standard on the IS 500.
So once again keep in mind these codes are for the entire 2022 IS Line up.. (not IS 500 specific only)
I put this together on an excel file for all to know the codes
Here is my post from 9/17/21 - incase anyone wants to add to their special ordered IS 500 or have a Port Installed Option tacked on where applicable
Joe Z
It looks like 2Q has since been corrected to $290 which makes more sense. But I have it in writing at $120 so I want it at $120 lmao.
But wait….
I think this is code for something…..
Do you know when allocations are being provided?
So I was doing my daily ritual of checking the Lexus website and all the local dealers and I noticed one interesting development. At the start of the month the offer for the 2021 IS was 4.19% interest, as well as the military and college graduate discounts. However, as of today, the 4.19% interest offer has been completely removed. Only the military and college grad offers remain. Is it possible this was done in anticipation of the 2022MY being listed? Stay tuned to find out.
So I was doing my daily ritual of checking the Lexus website and all the local dealers and I noticed one interesting development. At the start of the month the offer for the 2021 IS was 4.19% interest, as well as the military and college graduate discounts. However, as of today, the 4.19% interest offer has been completely removed. Only the military and college grad offers remain. Is it possible this was done in anticipation of the 2022MY being listed? Stay tuned to find out.
Shame on Lexus for even offering a 4.19% rate when banks and credit unions can give you under 2.5% for up to 60 months for a new car purchase, with very good credit. Even BMW is currently offering 0.9%. Just picking an arbitrary amount of $50k financed, at 4.19%, you'll pay $5,507 in interest over 60 months. At 0.9%, you'll pay just $1,152 in interest over the same period. That is a $4,355 difference. Add that to the price of the car to see what it is really costing you.
Shame on Lexus for even offering a 4.19% rate when banks and credit unions can give you under 2.5% for up to 60 months for a new car purchase, with very good credit. Even BMW is currently offering 0.9%. Just picking an arbitrary amount of $50k financed, at 4.19%, you'll pay $5,507 in interest over 60 months. At 0.9%, you'll pay just $1,152 in interest over the same period. That is a $4,355 difference. Add that to the price of the car to see what it is really costing you.
Yeah it's ridiculous. And it's even more ridiculous to call that an "offer". I wonder what the non "offer" interest rate is? 10%? lol.
I have noticed a trend though. When the 2022MY for a car is released it launches at 4.19%. And then in the next month of offers it drops to 2.49%. However, the IS is the first car where that trend didnt apply because they changed the 2021MY from 1.9% to 4.19%. Quite a ridiculous jump.
Yeah it's ridiculous. And it's even more ridiculous to call that an "offer". I wonder what the non "offer" interest rate is? 10%? lol.
I have noticed a trend though. When the 2022MY for a car is released it launches at 4.19%. And then in the next month of offers it drops to 2.49%. However, the IS is the first car where that trend didnt apply because they changed the 2021MY from 1.9% to 4.19%. Quite a ridiculous jump.
Any theories on this? Mine would be that demand is obviously high and supply is low so they are selling but loads of cars so they can just increase the rate. OR they recognize inflation is high right now they’re matching their financing options to not ‘lose’ money over the course of a loan.
Just anecdotally, my dealer told me they sold 10 vehicles last Tuesday so clearly people are buying cars! When I was their it was super busy in both sales and service.
But it is absolutely ridiculous for them to even offer 4.19% when around me I looked at specific banks and credit unions offering as low as 2.29%.
Any theories on this? Mine would be that demand is obviously high and supply is low so they are selling but loads of cars so they can just increase the rate. OR they recognize inflation is high right now they’re matching their financing options to not ‘lose’ money over the course of a loan.
Just anecdotally, my dealer told me they sold 10 vehicles last Tuesday so clearly people are buying cars! When I was their it was super busy in both sales and service.
But it is absolutely ridiculous for them to even offer 4.19% when around me I looked at specific banks and credit unions offering as low as 2.29%.
Agreed. I'm lucky that I qualify for the college grad discount so even at 4.19%, based off my down payment, its cheaper to get it through LFS than with my credit union which is at 1.5%
Yeah no thanks on the 4% interest, I’ll stick with USAA. Saw an article where TX dealerships refused to allow outside financing. The YAA youtube guys said if you run into this, take the deal and refinance with your credit union a week later.
Any theories on this? Mine would be that demand is obviously high and supply is low so they are selling but loads of cars so they can just increase the rate. OR they recognize inflation is high right now they’re matching their financing options to not ‘lose’ money over the course of a loan.
Just anecdotally, my dealer told me they sold 10 vehicles last Tuesday so clearly people are buying cars! When I was their it was super busy in both sales and service.
But it is absolutely ridiculous for them to even offer 4.19% when around me I looked at specific banks and credit unions offering as low as 2.29%.
The Fed is between a rock and a hard place. It couldn’t fight inflation even if it wanted to. Doing so would kill the economy. The only other choice is to surrender to inflation.
Tighter monetary policy and rising interest rates. which is the cure to inflation – would kill us in an economy built on piles of debt.
The Fed has the tools to deal with higher inflation, but it won’t use them because it will destroy the phony economy it has built.
Keep in mind, the wheels fell off the bus in 2018 when interest rates got to 2.5%. If the Fed lets inflation get to 6 or 8% before it realizes it wasn’t transitory, it’s too late. It can’t raise rates to 2 or 3%. It would have to jack them up to 10% or 12% to get real rates positive.
it’s impossible to do that. Look at the enormity of the debt. Look at the budget deficits. Look at all the leverage now in the new housing bubble that’s been inflated. And it will be even bigger by then. So, the whole economy is a gigantic credit bubble completely dependent on artificially low interest rates, and the whole thing would be destroyed if the Fed had to raise interest rates to fight inflation, which means they won’t raise interest rates to fight inflation, which means inflation is going to win and it is going to destroy the savings of Americans.”
Dont want to sound like a party pooper but let's make sure we keep on topic to avoid moderators either locking some people up or the whole thread being closed...
I just spoke to sales manager at the dealer and so far, the latest news is that things are gradually coming back to normal and he does expect things to pick up. The 500 and the IS in general are still very relevant to our market and expects some momentum to pick up in early November. They still have at least that are assured of getting, one of each, and he knows my timeline and will keep me posted. So nothing very different but at least iys not worse news
Dont want to sound like a party pooper but let's make sure we keep on topic to avoid moderators either locking some people up or the whole thread being closed...
I just spoke to sales manager at the dealer and so far, the latest news is that things are gradually coming back to normal and he does expect things to pick up. The 500 and the IS in general are still very relevant to our market and expects some momentum to pick up in early November. They still have at least that are assured of getting, one of each, and he knows my timeline and will keep me posted. So nothing very different but at least iys not worse news
Would be curious to know what actually being produced on Production line #3 right now. TipsyTonio where you at? I know you busy scouting for information, so can you add this to your list? LOL
10-20-21, 03:51 PM
