Current financing rates....?

[mcarey]

Before everyone gets all excited, there's a $5k limit per person on I bonds. Great return, but just a low limit. It's easy to look up all the details, just do a google search.

I've got 30K of my own cash in it this year, 10K for myself, 10K gift to my wife, and 10K gift to my kid. I wish I had my own trust or LLC to buy for.

Its 10K per person annually and you can also use up to 5K from your tax return. At least I hope its 10K, I opened an account yesterday and placed an order!

It's 100% 10K.

 

[bwf1911]

Just saw an ad for the New Wagoneer 0% for 60 mo or 2.9% for 72. Wish they would do that on the Trucks!

 

[Blythkd1]

I've got 30K of my own cash in it this year, 10K for myself, 10K gift to my wife, and 10K gift to my kid. I wish I had my own trust or LLC to buy for.


It's 100% 10K.

Yeah I researched it a few weeks ago and thought the $10k was per couple. It's $10k per person plus the opportunity for another $5k at income tax time. My bad. But it's still not an amount that most folks could dump their entire retirement portfolio into. I researched it until I found the limits then I just lost traction. I may get more excited about it again come October if it looks like the new rate is going to be strong too.

 

[mcarey]

Yeah I researched it a few weeks ago and thought the $10k was per couple. It's $10k per person plus the opportunity for another $5k at income tax time. My bad. But it's still not an amount that most folks could dump their entire retirement portfolio into. I researched it until I found the limits then I just lost traction. I may get more excited about it again come October if it looks like the new rate is going to be strong too.

I definitely wish I could have put more in. I'd have dumped quite a bit more in if I could have. I thought about gifting my parents too, but I didn't want to play too many games.

I'll take it though

 

[Zeus2018]

Hoping to keep this thread going, I’ll be purchasing hopefully in the next couple weeks when I take delivery.

Would still like to hear what buyers are seeing with regards to rates?


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[Eastcoasttattoo]

Hoping to keep this thread going, I’ll be purchasing hopefully in the next couple weeks when I take delivery.

Would still like to hear what buyers are seeing with regards to rates?


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I should see mine end of August beginner of September from what my salesman said so I'll keep this thread updated on what I end up getting rates and payment wise

 

[Thisnthat]

about to buy an accord and I asked the sales guy what the best rate he's seen in the past month. low to mid 3s is what he came back with...anything lower has been incentivized through the manufacturer

everyone's situation is different, but if you work for a business that has an employee credit union...look into it

the company i work for has one and it's never been an option that I've really entertained as I was able to usually beat their rate on the open market...they've always had a banner on their homepage offering a loan rate of 1.99. I was able to get 1.72 back in Feb through Capital one on my dually

now 1.99 is something that is worthwhile to go through the process of joining

looks like Ram is offering 2.9 for 60 months on 2500/3500s - and with rates expected to increase tomorrow, I'd expect the financing offers to continue rolling in

 

[Zeus2018]

My local credit union offered me 72@2.84% which seems pretty damn good. Might be hard to beat that in the current market…


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[Zeus2018]

about to buy an accord and I asked the sales guy what the best rate he's seen in the past month. low to mid 3s is what he came back with...anything lower has been incentivized through the manufacturer

everyone's situation is different, but if you work for a business that has an employee credit union...look into it

the company i work for has one and it's never been an option that I've really entertained as I was able to usually beat their rate on the open market...they've always had a banner on their homepage offering a loan rate of 1.99. I was able to get 1.72 back in Feb through Capital one on my dually

now 1.99 is something that is worthwhile to go through the process of joining

looks like Ram is offering 2.9 for 60 months on 2500/3500s - and with rates expected to increase tomorrow, I'd expect the financing offers to continue rolling in

I do work for the city and the city credit union seems high but that’s just according to their web page. Maybe if I go in I can negotiate the rate.


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[Thisnthat]

I do work for the city and the city credit union seems high but that’s just according to their web page. Maybe if I go in I can negotiate the rate.


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they definitely aren't all the best deal...which i think is a little odd. Chase used to be our go-to for financing and they haven't been competitive over the last couple years

 

[762fmj]

The lowest I've found so far is 3.15 @72 months from Fairwinds CU based out of Orlando. It WAS 2.85 when I ordered but rates just keep going up.

 

[KT.CUMMINS]

Supposedly the dealer could only get me 4.64% on "super prime" credit he pulled up a screen with 6 or 7 banks, when I picked up my truck 7/25/22. He started out at 5.70% when I walked into the financing office.

I am currently looking for a refinance option.

 

[pr3dict]

Supposedly the dealer could only get me 4.64% on "super prime" credit he pulled up a screen with 6 or 7 banks, when I picked up my truck 7/25/22. He started out at 5.70% when I walked into the financing office.

I am currently looking for a refinance option.

Aren't those screens they "show you" a lie? I'm under the impression they have a secret screen to add a few points for themselves.

 

[Zeus2018]

Aren't those screens they "show you" a lie? I'm under the impression they have a secret screen to add a few points for themselves.

That is fact. The rate they show the customer is not the actual rate, the dealership always gets a portion of the points. Unless maybe it’s promotional financing through Chrysler etc., but even then I would assume they still get a portion of those points.


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[Zeus2018]

I guess the best rate right now is Ram's current offer of 0% on 3500's but that's for 36 months... great rate, but big payment lol

 

[Andersen24]

I got 2.75% for 60 months from CoastHills FCU. That was a week ago, and the rate just went up to 2.95% for 60 months. I imagine with the Fed meeting today, we’ll see those rates continue to go up. Most of them offer a 30-day lock. If you’re close to that, I would lock in now!

 

[gimmie11s]

If you have the ability to, also consider a 401k loan. Better to give yourself a 4-5% Return than the -9%+ rate your fund is running at the moment!

Same exact thing I was going to suggest.

In today's stock market, this is a great move.

 

[Blythkd1]

Aren't those screens they "show you" a lie? I'm under the impression they have a secret screen to add a few points for themselves.

The screen he showed was probably accurate but he was keeping the bank with the best rate in his back pocket.

Supposedly the dealer could only get me 4.64% on "super prime" credit he pulled up a screen with 6 or 7 banks, when I picked up my truck 7/25/22. He started out at 5.70% when I walked into the financing office.

I am currently looking for a refinance option.

If you have good credit, he was probably holding a couple points on you, it's pretty typical. Most of them will try to do that unless you work them over. If he was getting the financing from the lender at 2.64% and selling it to you at 4.64%, he stands to make a lot of money on a good sized purchase.

I traded trucks in 2020 and worked and worked on the F&I guy and he wouldn't budge on the rate, and we have top notch credit. I wanted the truck so I went ahead and paid 2 or 3 points over what I should have. So that guy got a big paycheck on me. I would have liked to seen his face a few weeks later when he got the chargeback on it because I refi'd with our credit union at home.

 

[KT.CUMMINS]

The screen he showed was probably accurate but he was keeping the bank with the best rate in his back pocket.



If you have good credit, he was probably holding a couple points on you, it's pretty typical. Most of them will try to do that unless you work them over. If he was getting the financing from the lender at 2.64% and selling it to you at 4.64%, he stands to make a lot of money on a good sized purchase.

I traded trucks in 2020 and worked and worked on the F&I guy and he wouldn't budge on the rate, and we have top notch credit. I wanted the truck so I went ahead and paid 2 or 3 points over what I should have. So that guy got a big paycheck on me. I would have liked to seen his face a few weeks later when he got the chargeback on it because I refi'd with our credit union at home.

I told him I would be doing a re-fi the minute as soon as I can find one. He still wouldn't budge. He seemed like he really didn't have anything else left to give me. His loss, he is getting the chargeback on mine as well.

 

[gimmie11s]

Supposedly the dealer could only get me 4.64% on "super prime" credit he pulled up a screen with 6 or 7 banks, when I picked up my truck 7/25/22. He started out at 5.70% when I walked into the financing office.

I am currently looking for a refinance option.

what dealer? that seems very high