Is 60 month there max? Also how long does offer stay good for if I apply now. My build date is 8/29. I may not get it until September or October.Here’s a good deal:
CAFCU just started a special discount of 0.50% starting today,
June 6th to June 10th,
bringing their rate down to
1.74%
up to 60 months
(80% Loan to Value).
Promo code is: CAFCU83
It’s their 83 year Anniversary
(1.99% above 80% LTV)
I hit this just as quick as I could! Thanks for the info.Here’s a good deal:
CAFCU just started a special discount of 0.50% starting today,
June 6th to June 10th,
bringing their rate down to
1.74%
up to 60 months
(80% Loan to Value).
Promo code is: CAFCU83
It’s their 83 year Anniversary
(1.99% above 80% LTV)
So far USAA has been better than SRCFCU and NavyFed but this blows them out of the water. Submitted my application to join and my loan application. I expect to talk to them tomorrow.
That’s a promo code worth a few thousand bucks!
it looked better than anything I’ve seen since rates started climbing
no strings attached either, as far as I can tell.
No direct deposit required like DCU, etc…
wow, very cool.
Here is the direct web link….Here’s a good deal:
CAFCU just started a special discount of 0.50% starting today,
June 6th to June 10th,
bringing their rate down to
1.74%
up to 60 months
(80% Loan to Value).
Promo code is: CAFCU83
It’s their 83 year Anniversary
(1.99% above 80% LTV)
Can you ask how long they will grandfather the rate in for people that have deliveries a ways out if they apply now? Thanks!
Yet the average new car purchase is $47,000 in the US. $25,000 for a used car purchase. Which highlights a debt problem. But…JUST SAYING:
Are you taking delivery of a 2022 or 2023 Ford Lightning this year?
If the answer is "Yes", then consider yourself among the "Elite". Not just because you are Lucky to get one, but because you are Lucky your budget can afford the price.
A 2022 Lariat ER will set you back at least $86,000 (Including Sales Tax and Fees). With a Down Payment of $6,000 you will Finance $80,000 for 60 Months @ 3% for a Monthly Payment of $1,440/Month OR $17,280/Year (if you are quick and credit-worthy).
The US Census Bureau estimates Annual Median Family Take Home Pay in Mississippi of $37,000/Year.
In general, experts recommend spending 10%–15% of your income on transportation, including car payment, insurance, and fuel.
In Mississippi 10% - 15% = A Maximum Monthly Payment (Not Including Insurance or Fuel) of $310/Month (Annual $3,700) to $460/Month ($5,520/Year).
This exceeds the Maximum recommendation by almost $12,000/Year. Good Luck finding a Lender.
The US Census Bureau estimates Annual Median Family Take Home Pay in New Jersey of $65,000/Year.
In general, experts recommend spending 10%–15% of your income on transportation, including car payment, insurance, and fuel.
In New Jersey 10% - 15% = A Maximum Monthly Payment (Not Including Insurance or Fuel) of $540/Month (Annual $6,500) to $812/Month ($9,750/Year).
This exceeds the Maximum recommendation by almost $8,000/Year. Good Luck finding a Lender.
It seems that if your Lender follows established New Auto Financing Guidelines (and if your Credit Score is above 750) you will need a Family Take Home Pay of $150,000 to $175,000/Year.
Congrats!
This means you are richer than 99% of others in the Whole World and richer than 95% of those in the United States!
I expect that of those that Reserved the Lightning last year perhaps 50% had Hearts Bigger than their Wallets, and will Eventually Cancel.
Also, I expect that of those that do Order the Lightning this year perhaps 25% have Hearts Bigger than their now depleted Wallets, and will have to Cancel, making more Lightnings available for Dealers to Sell (at Inflated Prices, of Course).
So, Have Heart! If Not Heart, at least have Wallets!.
Do a search here on the forum on or Fords site for Options. It is not good. I think almost twice your rate.
Just got off chat with them so here are a few data points:
