0% Financing on 2020 models

[suxeL]

Mid-month update (something thats never been done before in a while) Lexus changed the programs APR wise on their Lexus Fleet.

Almost all models now come with 0% financing for 60 months.

 

[Tragic Bronson]

Mid-month update (something thats never been done before in a while) Lexus changed the programs APR wise on their Lexus Fleet.

Almost all models now come with 0% financing for 60 months.

Can confirm

Lexus Cuts Rates To 0% APR Ahead Of Memorial Day

Lexus has abruptly cut rates today across its entire lineup to 0% APR for 60 months. This marks an unusually good APR deal typically reserved

www.carsdirect.com

 

[suxeL]

Ahead of memorial day and right after a troubled week for retail sales confidence report was released.

That article was really a good analysis.

Toyota highlander vs the RX is interesting tidbit if you do a skim.

Today's changes signal a more aggressive approach than its mainstream counterpart. Toyota cut rates in late April to 0% but only on 3 models: the 2020 Camry, RAV4, and Tacoma. If Toyota's approach was like a scalpel, Lexus' is like a sledgehammer. This can lead to major differences in cost for similarly-priced vehicles.
For example, at 0% APR, a $50,000 Lexus RX costs $50,000 at $833/month before taxes and fees. Meanwhile, the 2020 Toyota Highlander features no APR deals whatsoever apart from a non-promotional rate of 5.15%. On a $50,000 Highlander, that would result in $6,820 in interest with a payment of $947/month.

 

[LexsCTJill]

Ahead of memorial day and right after a troubled week for retail sales confidence report was released.

That article was really a good analysis.

Toyota highlander vs the RX is interesting tidbit if you do a skim.

Toyota is not going to cut rates on the new Highlander. One of the best selling models. Consumers tend to shift to Toyota when times get tough.

 

[mikeavelli]

Up to 60 months.. never seen anything like this before..

 

[LexsCTJill]

Up to 60 months.. never seen anything like this before..

Eventually Lexus will drop 0 percent. Production is being cut at the moment to better align with the current situation.

 

[suxeL]

Eventually Lexus will drop 0 percent. Production is being cut at the moment to better align with the current situation.

50/50

Lexus has been utilizing both one week production stops (out of a month), and reduced factory production lines since April, the current one is an extension of that. I`m assuming this is as lean as they can run without running into issues.