Best financing route to take

[timd38]

Interesting to see this playing out.
https://www.wsj.com/personal-financ...buyers-18d7b395?mod=Searchresults_pos1&page=1

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[Smaaron]

Unfortunately they don’t let you write out checks for that much anymore. That’s what I was going to do with my 2022 audi, wouldn’t let me. Then when I bought my 2018 jeep grand Cherokee a few mos ago, it was only $28000 and they wouldn’t let us do it then either

The mustang I don’t think I will pay it in full as I need money back for a new heat pump and don’t want to spend everything. I don’t mind making a small payment every month and then if later on down the road, I may just pay it off early. I will find lowest interest rates ahead of time and do pre qualify.

i wrote a check for a lot more than that last year buying my wife’s grand wagoneer. they didn’t have any issue taking my money.

 

[Butkus1951]

Navy Federal has pretty good rates, ford will go out and find you a good rate as well, even if it’s not ford finance. Providing you have good credit. Last option is State Farm, they have comparable rates, plus give free gap insurance. Don’t be pay 7-8%, that’s crazy.

 

[Rio Lobo]

Have been preapproved for 2 loans so far. 72 month terms, 5.75% rate with one bank, 6.3% with another. Guess you're wrong huh. Waiting to hear back from my previous lender which I'm hoping will be even lower.

I've actually been keeping track of many different lenders including my own banks and credit unions since I ordered. At 72 mos, Navy Federal has held on to under 5%. Everyone else is creeping very close to 6 or over. I'm just thinking by the time mine gets built, we'll be above that threshold.

 

[jamespmoran]

Unfortunately they don’t let you write out checks for that much anymore. That’s what I was going to do with my 2022 audi, wouldn’t let me. Then when I bought my 2018 jeep grand Cherokee a few mos ago, it was only $28000 and they wouldn’t let us do it then either

The mustang I don’t think I will pay it in full as I need money back for a new heat pump and don’t want to spend everything. I don’t mind making a small payment every month and then if later on down the road, I may just pay it off early. I will find lowest interest rates ahead of time and do pre qualify.

I purchased the truck 5/16/22, no problem taking the check. Think it depends on the dealer.

 

[Stratman397]

I purchased the truck 5/16/22, no problem taking the check. Think it depends on the dealer.

Hubby said the Audi we did write personal check, it was the jeep we bought a few mos back where they said they don’t do that anymore. My husband ran up the road there and got the certified check and brought it back up there

 

[jamespmoran]

Hubby said the Audi we did write personal check, it was the jeep we bought a few mos back where they said they don’t do that anymore. My husband ran up the road there and got the certified check and brought it back up there

I also think the fact that I could not get title the day I picked up the truck helped with accepting the check. If it bounced, they had the title.

 

[Stratman397]

I also think the fact that I could not get title the day I picked up the truck helped with accepting the check. If it bounced, they had the title.

We never get our titles the same day either. It usually take 1-2 weeks

 

[Abubatata]

what apr is ford offering? 60 mos

 

[Back2Gas]

what apr is ford offering? 60 mos

A very competitive 24%

 

[Abubatata]

A very competitive 24%

lmao what is it for excellent credit

 

[samson]

I typically go with my credit union, unless the dealer is within 1/8th of a point or so. With the dealer I don't have to run paperwork back and forth, but I'll do it for a 1/4 % rate reduction

 

[Jivor]

Best I could find with Spacecoast CU was 6.25% over 60 months, and that is what I'm going with. FYI my credit score is north of 760.

 

[steveo1960]

FWIW most of the dealers where I live, Long Island NY, offer "financed price" in their advertisements. Doesn't matter the brand. Nissan, VW, Chevy etc are all doing it. They will only offer the sticker price or below if you agree to finance with them otherwise it's fair market value and they won't budge. Key here is to make sure there is no prepayment penalty and pay the car off as soon as you get the loan agreement in the mail. It's a win-win. Again DO NOT take the dealer's statement that there is no pre-payment penalty, ask to see it in writing.. Some states do not allow pre-payment penalty via the Dodd-Frank act.... Good luck !

 

[Stratman397]

FWIW most of the dealers where I live, Long Island NY, offer "financed price" in their advertisements. Doesn't matter the brand. Nissan, VW, Chevy etc are all doing it. They will only offer the sticker price or below if you agree to finance with them otherwise it's fair market value and they won't budge. Key here is to make sure there is no prepayment penalty and pay the car off as soon as you get the loan agreement in the mail. It's a win-win. Again DO NOT take the dealer's statement that there is no pre-payment penalty, ask to see it in writing.. Some states do not allow pre-payment penalty via the Dodd-Frank act.... Good luck !

Ours checked and got it with a local bank. We will make a few payments then refinance. Interest should be coming down
We only financed 20000 for 36 mos

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