Need help: Good deal?

Enn

Been working on getting GX for awhile.

Credit score currently 620-630 (usually stays in 700s. Decrease which occurred a few months back in scores is a long story. My guess of bounce back is probably 10-12 months to hit low-700s again)

Have few offers on the table for new 2020 lease/finance based on scores of 620-630 after credit was pulled by all 3

Dealer #1:
2020 Luxury trim lease
MSRP $68.5K
10K miles / 36 months
Residual of about $40K
$720/month ($200 due at signing)
$0 down

Dealer #2:
2020 Premium finance
MSRP $58K
OTD $52.5 K
LFS APR 4.5% for 84 months (stated by Finance manager)
$0 down

Dealer #3:
2020 Premium finance
MSRP $58K
$47.5K + my taxes (about $2.4K) so OTD is about $50K
LFS APR 13%
$0 down

The $47.5K + tax (DEALER #3) is obviously the best deal. However, they state they they are offered 13% by LFS even though DEALER #1 offered 4.99% LFS for 72 months if I buy instead if lease and DEALER #2 offered 4.5% for 84 months.

Who should we believe? The dealers are quite far apart so I can't just go in and pretend I'm ready to sign paperwork to look at real rates. Any advice would be greatly greatly appreciated. Thank you so much

kyfdx

Enn said:

Been working on getting GX for awhile.

Credit score currently 620-630 (usually stays in 700s. Decrease which occurred a few months back in scores is a long story. My guess of bounce back is probably 10-12 months to hit low-700s again)

Have few offers on the table for new 2020 lease/finance based on scores of 620-630 after credit was pulled by all 3

Dealer #1:
2020 Luxury trim lease
MSRP $68.5K
10K miles / 36 months
Residual of about $40K
$720/month ($200 due at signing)
$0 down

Dealer #2:
2020 Premium finance
MSRP $58K
OTD $52.5 K
LFS APR 4.5% for 84 months (stated by Finance manager)
$0 down

Dealer #3:
2020 Premium finance
MSRP $58K
$47.5K + my taxes (about $2.4K) so OTD is about $50K
LFS APR 13%
$0 down

The $47.5K + tax (DEALER #3) is obviously the best deal. However, they state they they are offered 13% by LFS even though DEALER #1 offered 4.99% LFS for 72 months if I buy instead if lease and DEALER #2 offered 4.5% for 84 months.

Who should we believe? The dealers are quite far apart so I can't just go in and pretend I'm ready to sign paperwork to look at real rates. Any advice would be greatly greatly appreciated. Thank you so much

#1 and #2 look like pretty good deals, given your credit score.

#3 likely is taking a big markup to the rate for extra revenue, and then putting that into a bigger discount.

4.5% APR for 7 years is a good rate, even with good credit.

jtrue28

Are those numbers including current offers of "Lexus Cash"...either lease or finance? You can get a lower interest rate if you don't accept the $2,500 loan cash...