legion455

In the ads for the Command Performance Sales Event, Lexus says that they will give you a credit equivalent to your first months payment.





If you look at the above, it appears to me that they're "Charging me" for the 1st months payment, and not giving me a credit. Is this correct or are they really giving me a credit and paying the 1st months payment?


thanks for any help.
Legion

Iamrc

haha, i had the same question, so instead of paying for 36 months it would be 35.

Kevin350

The first month credit is never free. It either get divided into the term or they charge you first. Lexus IS sneaky.

legion455

Here's what I'm talking about:
(advertising on the Lexus and Dealers Website)

LEASE*
2016 RC 300 AWD
$469 mo. 36 mos.
$2,099 due at signing.

Complimentary First Month’s Payment**

Excludes official fees, taxes and dealer charges. No security deposit required. 10,000 mile/year limit.


* OFFER DETAILS


*Available on approved credit to very well qualified customers through Lexus Financial Services and participating Lexus dealers on a new 2016 RC 300 AWD. Not all customers will qualify. Offer based on MSRP of $47,610 including delivery, processing and handling. Monthly payment may vary depending on final price of vehicle & your qualifications. You pay $0.25 per mile over 10,000 per year. See dealer for vehicle and lease program details. Must take delivery by 3/31/2016. This offer is available in NE, KS, MN, IA, WI, IL, IN, MO, KY, MI, OH. **Complimentary first month's lease payment up to $700, valid on new 2016 RC 300 AWD leases up to 48 months. Qualifying customers will receive a credit equal to the lesser of $700 or their first month's lease payment (the "Maximum Credit"). The Maximum Credit will be applied first towards the amount due at lease signing with any remainder applied towards cap cost reduction. Offer through a Lexus Dealer and Lexus Financial Services. If the first payment is more than $700, the customer is responsible for any amount over $700. See participating dealer for lease program details. Program not eligible with One-Pay leases. Offer ends 3/31/2016.


Legion

ClockworkO

I have the same question, following this thread see where that goes.

Kevin350

The first month payment should be added in the section 8. b. Rebates and non cash credit. That's where my first month of payment get minus from so my total amount paid in cash is 400 dollars less for example.

legion455

Thank you ! much appreciated!