Gen 3 finance rates.

[GCATX]

In the eyes of a bank/credit union, msrp is max your vehicle is worth period. Trust me you are upside down on your LTV as far as loans are concerned. Aside from special incentives few can qualify for, a credit union like NFCU will net you the best rate, but will only offer that rate with money down. They don’t care the reason you don’t want to put money down. Anyway good luck!

That is not true. You can do the whole nut with a CU. I did it in July at 2.5%.

@Viewsflores , contact United Heritage CU. PM me if you want the loan guy's number.

 

[Gator85]

Just like Randy Moss said, "I paid straight up cash homey."

 

[anity93]

Credit union is the best bet. I opened an account there to purchase my truck this past month. Like the finance guy said, too many variables to give you an idea but with inflation where it’s at… I’m sure if you can afford this truck you can get a solid rate closer to historical inflation.l or have your company buy/lease it from you if you have one.
Many credit union took into account all my options, recent full body PPF/tint work, as well as market value into consideration when discussing its value.

 

[CodeOrangeGen3]

In the eyes of a bank/credit union, msrp is max your vehicle is worth period. Trust me you are upside down on your LTV as far as loans are concerned. Aside from special incentives few can qualify for, a credit union like NFCU will net you the best rate, but will only offer that rate with money down. They don’t care the reason you don’t want to put money down. Anyway good luck!

You are not correct. My TX credit union was willing to go up to $91k with my $76k MSRP truck. Instead I finaced $50k at 1.96% over 8 years. Almost free money.

 

[catinthehat85]

You are not correct. My TX credit union was willing to go up to $91k with my $76k MSRP truck. Instead I finaced $50k at 1.96% over 8 years. Almost free money.

That’s a great find! I found a few willing to go over msrp as well, but they never had the best rates. Meaning, they viewed lending that extra amount as a risk that they were willing to take at the cost of a higher APR. Depending on how you want to read between the lines, I interpret that as a “we don’t think you car is worth that extra amount but there is an *** percent chance we can recoup most of that cost in the event of a loan default” . I am no finance pro btw, just my opinion. The credit unions giving the best rates in my research were also the ones the most strict about LTV ratios. Just like a mortgage, you will not 100% know if the amount you’ll qualify for is actually real until the loan is passed to the underwriter and they value your specific car with VIN. A loan officer or prequal agent/website can only give estimates, and they will always lean toward the more generous side to get your business.

 

[pughde]

I would find a good local Credit Union and have them give you a quote, I would suggest at least 10% down. The go-to dealer and negotiate from that point.

 

[David1986]

Interest rates are going up seems like weekly. This will help some folks as we could potentially see some previous orders being walked away from and on the flip side cost to own for a higher rate will be a little higher.

Higher Interest rates on a vehicle really does change your payment much as it would purchasing a home. It's still higher, just not as painful.

My credit Union 2 months ago was at 2.49 and they are now at 5.5 - 6% depending on the terms.

 

[NMFB]

You are not correct. My TX credit union was willing to go up to $91k with my $76k MSRP truck. Instead I finaced $50k at 1.96% over 8 years. Almost free money.

What CU was this with? 1.98% is awesome.

 

[Viewsflores]

I got my gen 2 at 3%. I’m trying to stay under 5% when the gen 3 raptor arrives which I should be able too. Considering the fact that I owe nothing else besides the truck. I’m trying to get it before we start building our house next year at the end. Or move to CO

 

[JD NYC]

I think the days with no money down on a Raptor are over , also you must calculate the warranty package you want and that gets divided into the monthly payments. Don’t forget taxes.

With good to great credit expect 3 to 4% with at least 20% down.