Any good referrals for financing?

[ooSHAZAMoo]

That's a good rate if it was for 72 months.

Ford's standard rate for top tier was 6.9% when I got my '22 Lightning.

I got 84 months at 3.49% at my CU.

What CU gave you 3.49 @ 84 mo?

My dealer offered me 9.89 for 84 mo (says all rates just went up bc of FED). Shopped around and now I can get 7.89 from another CU...now the dealer is working on matching...funny how that works.

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[jimfigler]

I got 3.79% from Parsons FCU but that was locked in back in December and finalized in January.

 

[greenne]

I got 3.79% from Parsons FCU but that was locked in back in December and finalized in January.

Likewise I went with Parsons.....lowest rate I could find

 

[RickLightning]

I got 3.79% from Parsons FCU but that was locked in back in December and finalized in January.

They are currently 4% up to 48 months, 4.75% up to 60 months, 5% up to 72 months, and 5.49% up to 84 months.

 

[VTRedWingsFan]

Purchased via https://www.vsecu.com 60 month term EV rate 5.35% around 02/07. Just completed re-finance with https://www.parsonsfcu.org/ 4% at 60 months.

 

[GunRack]

I refinanced using Caribou as a broker. I had never refinanced a car but what a pain. Felt like it was as much work as refinancing a house. Took 6 weeks but ended up going through and we closed a month ago. My new loan is with Tower Federal CU and my rate went from 5.9% to 3.490% over 72 mo.

 

[ooSHAZAMoo]

I refinanced using Caribou as a broker. I had never refinanced a car but what a pain. Felt like it was as much work as refinancing a house. Took 6 weeks but ended up going through and we closed a month ago. My new loan is with Tower Federal CU and my rate went from 5.9% to 3.490% over 72 mo.

Wow..that is great. So would you say it is worth it (Caribou)?

 

[GunRack]

Wow..that is great. So would you say it is worth it (Caribou)?

They are just a broker so work with different credit unions. So it will really depend on what rate is when they quote you. That said, they did lock the rate for 60 days and communication was good. They take a $400 loan processing fee thats rolled into the loan and really make their money trying to upselling you insurance products. I declined every up sale immediately and it wasn't a problem. Just double check they're not adding anything for you. It may be different in other states vs California. I got a full list of everything they were charging me including DMV transfer fee ext. The final payment ended up basically the same as what I was initially advertised. (within a few cents) I found them on credit karma that advertised one click approval, yeah.. it's not that. Maybe one click for offer quote but you'll end up doing a full credit app and providing full documentation. Way more than what I did with Ford originally. But worth it for the rate.

 

[ooSHAZAMoo]

They are just a broker so work with different credit unions. So it will really depend on what rate is when they quote you. That said, they did lock the rate for 60 days and communication was good. They take a $400 loan processing fee thats rolled into the loan and really make their money trying to upselling you insurance products. I declined every up sale immediately and it wasn't a problem. Just double check they're not adding anything for you. It may be different in other states vs California. I got a full list of everything they were charging me including DMV transfer fee ext. The final payment ended up basically the same as what I was initially advertised. (within a few cents) I found them on credit karma that advertised one click approval, yeah.. it's not that. Maybe one click for offer quote but you'll end up doing a full credit app and providing full documentation. Way more than what I did with Ford originally. But worth it for the rate.

Called yesterday and they said they only refi. Think i should just get a initial rate somewhere then call them to refi immediately?

 

[GunRack]

Called yesterday and they said they only refi. Think i should just get a initial rate somewhere then call them to refi immediately?

No, why refi as soon as you close on another loan? Just shop around and find somewhere that has a good initial rate to begin with. The refi fee won't be worth the time and money unless you have a really shit rate like I had at 6%

 

[ooSHAZAMoo]

No, why refi as soon as you close on another loan? Just shop around and find somewhere that has a good initial rate to begin with. The refi fee won't be worth the time and money unless you have a really shit rate like I had at 6%

Got a few offers....so far my best is 6.5%@96mo. I will probably go with that, as i prefer the lowest payment, and pay way more. I guess the interest really does not matter if I am paying that much more.

 

[GunRack]

Got a few offers....so far my best is 6.5%@96mo. I will probably go with that, as i prefer the lowest payment, and pay way more. I guess the interest really does not matter if I am paying that much more.

96mo, oh man thats a lot. You're going to be upside down on that truck for awhile. You sure? EV tech is changing fast and values won't hold. I thought my 72mo was pushing it. Buy the GAP and Loan Payoff insurance

 

[ooSHAZAMoo]

Oh yeh for sure it is a lot, but I will not pay the min payment only. Also, plan to refi when I put more down from the tax credit. When I do that, I will also switch to the CU I mentioned that beats any 84mo (or less) by 2percent. Just part of the plan.

 

[metroshot]

96mo, oh man thats a lot. You're going to be upside down on that truck for awhile. You sure? EV tech is changing fast and values won't hold. I thought my 72mo was pushing it. Buy the GAP and Loan Payoff insurance

Didn't know 96 months was an option!

I thought I over stretched with 84 months when I got the Lariat on a Pro budget.

 

[ooSHAZAMoo]

Didn't know 96 months was an option!

I thought I over stretched with 84 months when I got the Lariat on a Pro budget.

Note sure I had heard of one neither, but saw them come up as options as I was shopping around. Another point to mention is that I will also be saving in gas and maint so that is another reason to pay more than the min monthly payment.

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