Lexus Finance

[Steve]

What the deal with Lexus Finance then??

I am trying to search for finance options on the Lexus website.. you used to be able to see the fugures like

Deposit

Monthly payments

Final Payment

Where can i find these payment options and costs?

[ColinBarber]

I think they want you to go to your local dealer.

[Steve]

anyone recently purchased with lexus Finance??

[MrADeveci]

My first lex was with Lexus Finance .......... or well, the direct debit was paid back to "Toyota Financial Services"

[Steve]

band new car mate??

[MrADeveci]

No, it was a 2001 Y plate ....... Used Approved car .....

[Steve]

cool.. looking at new finance.

I remember seeing something like

pay 3 or 4k deposit (your old car)

then 199 or maybe 299 a month then after 3 years you pay 8K.. but you dont really pay the 8k in cash.. you PX for a new lex

deal sounded really good

[MrADeveci]

yes ........ the dealer offereed me this the other day ........ he said ......

on a Brand new IS200SE (£22,500)

£2K deposit ........... (£1K of this would be paid by them)

£450 a month !!!!

and he said that I would have a guranteed sell value in three years time of about £8 - £8.5 K for the car ...... so just chuck it in for another one !

I said .. err no thanks, £450 a month is ridiculous !!

[Maz]

When i brough my IS, i pay a diposit and PX my old car, and i pay £399 a month for 4 years, then after the final payment the car is my, and that almost 4 years ago... :) :) :) :)

[Steve]

i guess my theory was way out then... i read this deal about 2 years ago at the motor show

[MrADeveci]

I think nowadays ..... for £199 a month .... you looking at getting a new ford , or vauxhall :D

[Steve]

wey hey.. Astra here we come

[Jiberjaber]

I did mine through Lexus finance, just over 300 quid a month over 3 yrs with 60,000 milage limit.that was with a 7K deposit.

Final settlement is about 6K iirc, that was on 22.5K.

Hope that helps.

[Steve ( West Mids )]

Steve here is one they were doing............

IS200 LE on the road

Cash Price £20,808

Deposit £2,999

Monthly £399 x 35

Optional Final payemnt £9,401

APR 8.8%

Mileage Limit 10,000 per annum

Excess Charge 10.6p per mile

I guess if you put down a bigger deposit then lower payments.

I did hear the new IS was going to be a bit more expensive though ;)

[MrADeveci]

wey hey.. Astra here we come

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well ...... at least you can have Lexus lights ...........

[ColinBarber]

You would probably find a better deal away from Lexus although if pushed the salesmen will bring down that ARP % quite a lot.

[Matthew_McNally]

You would probably find a better deal away from Lexus although if pushed the salesmen will bring down that ARP % quite a lot.

←

absolutey.

I was doing a deal on a brand new GS300, and running the figures with the salesman.

Don't know what figure he started with - but of course, I tutt tutted, sucked my teeth etc at the numbers.

As we changed different things, he also lowered the APR figure. The lowest on the combo box was 4 - so I pushed for that - and got it as the rate.

Didn't buy the car in the end - but you can defintely push them right down.

But of course - how much they are prepared to come down on a new IS, for which there will probably be a fair demand initally - is a different thing

[amolkarnik]

i bought my car new and i was a cash buyer for it. the dealer tried to flog me finance and just to check them out i offered to pay 3.9% APR and left it to the dealer to get back to me if they could offer me that. And guess what, they did!!!! So bargain hard.

[Fidgits]

cool.. looking at new finance.

I remember seeing something like

pay 3 or 4k deposit  (your old car)

then 199 or maybe 299 a month then after 3 years you pay 8K.. but you dont really pay the 8k in cash.. you PX for a new lex

deal sounded really good

←

Isnt that PCP or something? :shutit:

Where you put a deposit down, have monthly payments, and have a final settlement figure, along with a guaranteed value at the end of the loan - when you can choose either to pay the final payment and own the car, or give it back (or as you say, get another)

[smw]

Guys - don't forget that with a PCP you pay interest on the deferred amount as well.

[Steve]

anyone know what the finance is on a new IS yet??