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Men and women in uniform can take advantage of special financing offers on new vehicles as well as receive cash-back rebates so long as they jump onto the deal in time. Toyota is offering a 1.9-percent APR promotion for up to 60 months on new 2011 and 2012 models and a $500 military rebate comes along with it. Purchases need to be made before March 5, 2012 in order to take advantage of the low APR financing, but the rebate will last until January 2, 2013.
Lexus on the other hand will be offering military personnel 0.9-percent APR loans on 2011 and 2012 vehicles from their ES, IS lines and the 2012 RX350. All other vehicles from Lexus can be financed at 1.9-percent APR and Lexus will give a rebate of $750 to new buyers. The loan offer expires on February 29, 2012 while the rebate will run until March 31, 2012.
Of course you’ll have to qualify for the low APR financing and all applicants must be on active duty in the US Military or US Military Inactive Reserve. Retired military personnel are not eligible. You can find a dealer participating in the “Welcome Home Special APR Program” by looking up your closest dealer at www.toyota.com/dealers and www.lexus.com/dealers and giving them a ring. Financing must be done through either Toyota Financial Services or Lexus Financial Services.
Toyota’s FT-86/FR-S sports car is set to arrive in 2012, with a sedan version to follow. While past rumors have suggested the FR-S (as it’s believed to be called in production form) will spawn a compact sports sedan, R0ad & Track reports that this four-door FR-S will in fact be the next Lexus IS. The underpinnings will be stretched to better accommodate the IS, but it’s unlikely the IS could grow too much using the FR-S architecture.
Rather than use a version of Subaru’s boxer 4-cylinder engine, the Lexus models will continue to get both a 2.5-liter and a 3.6-liter V6. (Although we have to think Toyota will come up with some turbocharged excitement for the next-gen IS).
Lexus is expected to debut its next-generation IS in later 2012 or 2013.
[Source: R0ad & Track]
Lexus is offering a special on its F-Sport lineup of parts with up to $300 available as a discount. The F Sport lineup consists of expensive bolt-on parts like intakes and mufflers, but some pieces, like the swaybar kit, will do a lot to wake up your Lexus.
The F-Sport lineup is ostensibly meant to bridge the gap between the standard Lexus products and their IS-F and LF-A sports cars. Sort of like seeing your grandpa lace up some Air Jordans and go shoot hoops. Unlike other tuner parts, the F-Sport products are warranty approved and look appropriate enough that you can arrive at a business meeting without shame or embarrassment.
Check out the coupon here
Lexus is soliciting the advice of some 20,000 owners for opinions on product features, social media and demographic information. “This is a great way of listening to customers,” said Deborah Senior, Lexus corporate manager of marketing strategy and communications.
According to Senior, incentives like cash cards as a monthly draw prize helped draw in the substantial amount of responses, which will help shape future Lexus product. “We can use this information in combination with information from other resources to develop future plans. Everything from products to the customer’s relationship with the dealer to the ownership experience to how we communicate with them.”
Lexus is hoping to get a better idea of the wants and needs of its customer base as it battles Mercedes-Benz and BMW for supremacy in the luxury vehicle sales race. The primary challenge for the brand appears to be drawing in new customers while meeting the needs of its core buyers, who tend to be aging baby boomers.
[Source: Automotive News]
So far, Toyota has only listed a vague explanation for the defect, with a company spokeswoman stating that “The problem occurs when foreign substances enter the material used to make the part, causing the spring to weaken and break.” According Monika Saito, Toyota’s spokeswoman, the company implemented a re-designed valve spring once the problem was discovered, but felt that a recall was unnecessary.
The recall may affect as many as 270,000 cars world wide, with the Lexus GS, IS and LS models comprising the bulk of the problem vehicles. Toyota is also recalling the Lexus HS250h hybrid sedan for an unrelated safety defect.
[Source: Automotive News]
The Lexus IS is back for 2011 with a few minor tweaks that should make the car more enticing. According to a leaked Japanese-market brochure, the new models get a 15% bump in fuel efficiency, LED daytime running lights and a revised front bumper, while inside, a USB port for MP3 players is standard. F Sport models get a different bumper and rear spoiler, new wheels reminiscent of the LFA supercar’s rims, a new gear knob and sports seats. No word on whether North America will see all of these changes.
[Source: 4Wheels News]