PCP finance rate question

[Pillskii]

I ordered a new Lexus ES300H around 6 months ago and the dealer has contacted me saying it will be ready to collect at the start of next month (on a '73' plate). Great news.

I'm funding using PCP arranged by Lexus. At the time of 'doing the deal' the PCP rate was 8% p.a. That's pretty hefty but I did negotiate nearly 20% off list! I notice that today Lexus have reduced their PCP rate to 5.9% p.a. My question is, am I stuck with the 8% rate as that was the rate at the time of agreeing to purchase, or can I benefit from the reduced rate?

[cossy400]

Have you signed for the Higher rate??

If not, then get in touch and ask the question.

[Dan W.]

If the 5.9% apr applies to the model you are buying then you can have it.

The only issue could be if you get re proposed on the new rate your gfv will change as well so it could affect everything, Ask the dealer what the new payments would be on the 5.9% scheme

[Dimebars]

They may be happy moving you from the 8% to 5.9%, but your discount may also change too

Depends what campaign Lexus were/are running