Build and Price is now live!

[ZaneMasterX]

Am I crazy to want to get a SCREW with the lux package and a few options(tech package, heated wheel, rear seats, twin panel moon) with a $15k down payment and get a monthly payment around $800-$900?

Credit is above 800 points. With a 1.9% loan, that puts me around $888. Am I insane at hoping that is a possibility?

No one knows your finances but yourself. If you think a ~$900 payment a month + insurance is going to spread you too think then dont take on the loan.

 

[EricM]

Are you including sales taxes in your total? That's not insignificant on a $70K truck.

 

[dtt255]

Such a tease....

 

[Deleted member 12951]

Well after having a 14' and going through the Build process, I would just want a raptor that shows $51k, $9k less than what my 14' stickered at. Would not want anything more than a white SCAB with the most basic package other than Front Diff and Tailgate step. Configure full out, add nearly $20k, no way. Would rather save the $20k and ship it to SVC, RPG or Rogue.

 

[BackcountryRaptor]

No one knows your finances but yourself. If you think a ~$900 payment a month + insurance is going to spread you too think then dont take on the loan.

Well, i guess I'm asking if that payment amount would be possible to get from a dealer... and that interest rate.

Feels like a lot of money, but $900 seems doable for me.

Maybe I should just try and save $1-2k a month for the next year or so and revisit this whole thing.

If I traded my Infiniti in(which is paid in full), I wouldn't have much hesitation. Problem is I love that car and I want to keep it as well as get a Raptor. Which might be excessive for a single guy making less than six figures.

 

[Deleted member 12951]

Well, i guess I'm asking if that payment amount would be possible to get from a dealer... and that interest rate.

Feels like a lot of money, but $900 seems doable for me.

Maybe I should just try and save $1-2k a month for the next year or so and revisit this whole thing.

If I traded my Infiniti in(which is paid in full), I wouldn't have much hesitation. Problem is I love that car and I want to keep it as well as get a Raptor. Which might be excessive for a single guy making less than six figures.

Any payment is possible. The loan underwriting takes not just your score in consideration but your income to debt ratio. If you are making $250k a year, a $1k car payment is only 5% of your salary and as long as your other debts are within their limits, you are fine. $900 payments if at $90k, it only 12%. You are going to have to ask the finance guy how they underwrite their loans. I am sure they have other loan companies that they work with. But bear in mind, if this is getting you up in debt, you can probably still get the loan but it will be riskier and your interest rate most likely will be higher.

 

[BackcountryRaptor]

Any payment is possible. The loan underwriting takes not just your score in consideration but your income to debt ratio. If you are making $250k a year, a $1k car payment is only 5% of your salary and as long as your other debts are within their limits, you are fine. $900 payments if at $90k, it only 12%. You are going to have to ask the finance guy how they underwrite their loans. I am sure they have other loan companies that they work with. But bear in mind, if this is getting you up in debt, you can probably still get the loan but it will be riskier and your interest rate most likely will be higher.

I have zero debt besides my very modest mortgage for my home. No loans, no credit card balances.
Even though my income has increased significantly since I bought my house 7 years ago, maybe having a car payment similar to my mortgage feels a little uncomfortable.

This payment to income ratio compares to my car loan for my Infiniti when I bought it. Paid that off a year or two early.

Just trying to externalize my internal debate. Of course the fiscally smart move is to be happy with what you have and save more...

But smart can be boring.

 

[A_Train]

I have zero debt besides my very modest mortgage for my home. No loans, no credit card balances.
Even though my income has increased significantly since I bought my house 7 years ago, maybe having a car payment similar to my mortgage feels a little uncomfortable.

This payment to income ratio compares to my car loan for my Infiniti when I bought it. Paid that off a year or two early.

Just trying to externalize my internal debate. Of course the fiscally smart move is to be happy with what you have and save more...

But smart can be boring.

It's definitely doable depending on how much you've saved and how much you can afford to spend(insurance, gas, oil changes, registration, inspection, etc.) while also continuing to save for a rainy day. Best case scenario(not knowing any more than you've disclosed) would be to sell the Infiniti if you secure a Raptor. Good luck with the decision!

 

[A2Raptor]

A wise poor man once told me you can't take it with you...

 

[gravedgr]

My last car payment was ~$1500/mo @ 1.49%. You can get a loan for anything you want in any configuration you want with good credit.