Lexus Offers 0% APR on New and Used Cars in May

Lexus Offers 0% APR on New and Used Cars in May

Now is a good time to buy a Lexus.

Interest rates are a major reason why financing a car or luxury vehicle is not the best choice. Lexus wants to convince you to buy its vehicles by offering financing this month that is nationwide.

According to CarsDirect, dealers now offer interest-free financing for 60 month on any 2020 or 2019 Lexus model year. This is a significant improvement on the previous 0.9 percent APR. This offer allows you to get a $50,000 LexusRX for only $833 per month before taxes and fees. A $80,000 LexusLS 500 will help you save up to $1800 over five years.

CarsDirect stated that a $50,000 Toyota Highlander can generate up to $6,820 per month in interest, with a $947 monthly payment. This is a 5.15 percent interest rate.

CarsDirect found that the current offer is for financing Lexus certified pre-owned Lexus vehicles at a similar zero percent APR. The offer is for a 36-month term and is, according to the website the lowest rate ever recorded for used Lexus cars.\

Lexus Offers 0% APR on New and Used Cars in May

CarsDirect clarified that the zero-percent APR financing mentioned is a nationwide offer, and will expire on June 1, 2020. This promo is available until it ends for those who want to finance a Lexus.

Not to be overlooked, a 72-month loan on a Lexus vehicle will yield 1.9 percent APR in several areas of the United States, except the Northeast which has a 0.9 percent APR.