Interest Rate - What's yours?

[gunnersguru]

I got 2.95/ 60 month from bank America . I also found 2.5 from the credit union but would have had to move most of my bills over and direct deposit and auto payment . all that for .5% so I picked the 2.95 %

 

[xgardx]

2.29% for 72 months. I financed the whole 59K but make double payments. Helps to be single and make decent income.

who did you finance through?

 

[Micha]

who did you finance through?

It was through Navy federal Credit Union.
My bad.

 

[ThugHunter]

Just throwing this out there for those unaware. Dealership financing is usually higher because they will throw a percentage over what's called a "buy rate". For example: Let's say the dealership tells you they got you approved for 4.5% over "x" months. In reality, the bank probably approved you for less, let's say 3.5%. Now the dealership makes 1% off the deal via financing. It's hidden and they don't have to tell you about it, but it doesn't hurt to ask what the "buy rate" is. If they give you a crazy look, tell them to show you the bank's approval rate. If they don't show you then I'll guarantee they're jacking the finance rate on the deal.

Obtaining financing through banks or credit unions is the best way to go with a Raptor, especially since there's never cash back offers or finance incentives with buying a Raptor.

My ex is the director of finance for a local car dealer, so I learned about this many years ago.

 

[dlbb]

i guess we got an amazing dealer experience. my sales manager i dealt with brought the credit unions pre-approval out to show us. even my back up said it was a good rate.

 

[Honeybadger]

I've had good luck with getting pre-approved from a local credit union AND a big bank before signing. Then let the dealer try and beat it. This way you have a good idea of what you can get and the dealer has a number they need to beat.

 

[Domitrix]

My interest rate was 0.0%. I paid cash plus a 2012 FX4. Saving up coffee/beer money plus not getting extraneous "stuff" makes a difference when you go to get something you really want. The interest I don't pay out makes octane 91 and wheels a lot easier to get.

 

[Dachuri]

My interest rate was 0.0%. I paid cash plus a 2012 FX4. Saving up coffee/beer money plus not getting extraneous "stuff" makes a difference when you go to get something you really want. The interest I don't pay out makes octane 91 and wheels a lot easier to get.

Wow, I did the exact same thing. Cash + 2012 FX4.

---------- Post added at 04:53 AM ---------- Previous post was at 04:47 AM ----------

Except I've yet to learn how to save beer money. It's tough making cuts to essential pillars of my budget.

 

[Camperguy]

1.25% on a 2013, 60 month. Alden Credit union. Been a customer there 30+ years. I did put 20k down and .5% off for military.

Bill

 

[jeremyespinoza]

1.5% for 72 Months for 45K with Navy Federal credit union. My credit score was 731