Gen 3 finance rates.

[GCATX]

You know how the rich get richer? They don’t pay other people interest on things they can just buy….

To be fair, the rich would never buy a raptor to get richer either.

One either owns a raptor or does not, anyone can be rich. (or so I'm told)

 

[trav7314]

The rich get richer by letting their money make more invested than they lose by financing.

The owner of the company I work for is damned well off and he still pays a mortgage.

 

[Viewsflores]

The rich get richer by letting their money make more invested than they lose by financing.

The owner of the company I work for is damned well off and he still pays a mortgage.

For good reasons he does, credit. buying a car in cash full is a liability. You can put that money into investments.

 

[FmaxTurboSi]

not trying to burst anybody's bubbles, but rates are going up so fast right now LOL. My credit union last year was 1.99 for 84mos. Then 2.99 about 2 mos ago, then 3.24 last month, and now 3.74% for 72 months, without the option to go 84mos anymore. I actually purchased a 2022 off the lot last week because of the rate hikes and unknown build/delivery dates of the 2023's. I think most credit unions are mid 4's to 5% on long term financing options. I'm not sure when my 2023 raptor will even be delivered at this point. Ford building trucks without chips and letting them sit on lots, 40,000-50,000 trucks, is not confidence inspiring. Who knows if rates will 8-10% 12 months from now.

 

[djevox]

not trying to burst anybody's bubbles, but rates are going up so fast right now LOL. My credit union last year was 1.99 for 84mos. Then 2.99 about 2 mos ago, then 3.24 last month, and now 3.74% for 72 months, without the option to go 84mos anymore. I actually purchased a 2022 off the lot last week because of the rate hikes and unknown build/delivery dates of the 2023's. I think most credit unions are mid 4's to 5% on long term financing options. I'm not sure when my 2023 raptor will even be delivered at this point. Ford building trucks without chips and letting them sit on lots, 40,000-50,000 trucks, is not confidence inspiring. Who knows if rates will 8-10% 12 months from now.

Yep, fed went up another 75 basis points recently as well as lenders acting different due to the spike in deep subprime and subprime defaults. Everyone will be bending over and taking it hard if the 8 more fed hikes come to fruition.

 

[DMM_78]

I picked my new 22 on Friday. I got 3.5 for 60 months.

Wayne Westland Federal Credit Union | Wayne County Credit Union

 

[ELmx479]

Got 2.49 for 36 in March when I bought mine. That credit union is currently at 4.74
I have another credit union locally that’s at 2.25

 

[BC119]

I have a great credit score and I make good money. I can afford the monthly payment. I just don’t like putting money down unless it’s more than 20% down. considering it gets divided into the months you get. And will only lower it about 200$ or 300$ a month. Rather use that money somewhere else. And I have a few trips coming up so I can’t put anything down at the moment. And you can’t really be upside down when you’re buying a raptor at msrp. And my trade in will cover the taxes fees and all that.

I'll be back to quote this again in a year lmao

 

[Viewsflores]

I'll be back to quote this again in a year lmao

And I’ll be waiting lol.

 

[djevox]

And I’ll be waiting lol.

I’ll probably still be waiting for mine also. At least time is on our side. Once the bottom falls out, rates will have to drop.