Anyone looking for 1.49% APR

[rms8]

I was originally just going to write my dealer a check for my Raptor since at the time most interest rates were fairly high compared to what I could make in the market. Of course I placed my order back in July 2016.

Now that my Raptor has started production (May 2), I have looked at interest rates and WOW. I found PenFed has a 1.49% for 36 months !!!!!!!!!!!!!! Doesn't matter how much, if any, you put down. All I had to do was open a savings account over the phone and put 5 bux in it! THAT WAS IT ! You don't even have to live in the same state. And this is not a special rate. It's their normal rate.

So food for thought for those who have yet to receive their Raptor.....

 

[shapiroeric]

Penfed has always had good rates....as long as your credit is strong

 

[DrippinRaptor]

I thought all the ballers here paid cash in full?

 

[HORN HIGH ACES]

I thought all the ballers here paid cash in full?

Yes, but you have to "make it rain" in the dealership showroom to officially reach baller status.

 

[rms8]

I thought all the ballers here paid cash in full?

Unless your investments make LESS than 1.49% annually, you're better off taking advantage of the loan vs. paying in full. 36 months @ 1.49% is practically free money, if you invest.

My mindset in July of last year was to pay in full due to the rates I could find at the time. Then I was directed to PenFed with their 1.49% and that was a no-brainer. I would loose money by paying in full.

 

[JetDriver480]

Question... my rate is at 4% for like 7 years. Should I try to re-finance this? My payment is $500 exactly which doesn't bother me, 4% just seems high for a new auto loan with my 800 credit score but I have never bought a new vehicle before or financed.

 

[ChevyChad]

Unless your investments make LESS than 1.49% annually, you're better off taking advantage of the loan vs. paying in full. 36 months @ 1.49% is practically free money, if you invest.

My mindset in July of last year was to pay in full due to the rates I could find at the time. Then I was directed to PenFed with their 1.49% and that was a no-brainer. I would loose money by paying in full.

If you are going to put a word in bold and underline it, you could at least spell it correctly...

 

[OneBadSS]

Unless your investments make LESS than 1.49% annually, you're better off taking advantage of the loan vs. paying in full. 36 months @ 1.49% is practically free money, if you invest.

^^^This. I've been a PenFed member for years and have always asked the dealership to beat their rate. If they can, great- go with their bank and they make a bit more on the sale. If not, I've gone with PenFed. As @rms8 mentions, it's practically a free loan while investing your cash elsewhere.

 

[Frank N]

Unless your investments make LESS than 1.49% annually, you're better off taking advantage of the loan vs. paying in full. 36 months @ 1.49% is practically free money, if you invest.

My mindset in July of last year was to pay in full due to the rates I could find at the time. Then I was directed to PenFed with their 1.49% and that was a no-brainer. I would loose money by paying in full.

lose

lol

Ford dividends are about 4.5%...

 

[rohardi]

My truck is awaiting shipment, I just set up my financing with Penfed and they will be sending me a check to bring to my dealer. Great rates!