Anyone doing better than 3.99% for financing right now

[Wwin]

A list of low rate credit union that basically open to tons of the people.
Hershey's Credit Union APR Sheet - Google Sheets

Excellent roll up, thanks for sharing!

 

[maestro5531]

I financed with Polish & Slavic FCU, 1.99% for 36, they also have 2.25% for 48, 2.49% for 60.

 

[SneekEm]

A list of low rate credit union that basically open to tons of the people.
Hershey's Credit Union APR Sheet - Google Sheets

Awesome. Thanks for this. Going to call a couple tomorrow to see how long a rate can be locked in for since I’m still ~60 days away from getting my Trx.

Edit: applied to FedChoice - super easy process. Takes $5 to open an account. I called and they said its 2-5 business days to open an account, once the account is open I can apply for an auto loan and the NEW auto loans are valid for 60 days once approved.

Thanks for posting that spreadsheet.

 

[SneekEm]

Update for anyone still looking for loans.

I just got off the phone with FedChoice, their rate as of today is "as low as 2.64%" - and NEW members get a 1% discount (but it is capped at 1.99% for up to 72 months).

I applied to be a member a few weeks ago, and they wanted more info from me (proof of residence, and a scan of my social security card) which I am doing today.

I was also told they will hold an approved auto loan for 60 days, so I am still debating when I should apply since my truck is still not built yet (but according to my dealer, its in production).

Just wanted to update everyone on low rates, as this is pretty damn low at 1.99%

 

[Wwin]

Update for anyone still looking for loans.

I just got off the phone with FedChoice, their rate as of today is "as low as 2.64%" - and NEW members get a 1% discount (but it is capped at 1.99% for up to 72 months).

I applied to be a member a few weeks ago, and they wanted more info from me (proof of residence, and a scan of my social security card) which I am doing today.

I was also told they will hold an approved auto loan for 60 days, so I am still debating when I should apply since my truck is still not built yet (but according to my dealer, its in production).

Just wanted to update everyone on low rates, as this is pretty damn low at 1.99%

Thank you for sharing with the community. I went through Lightstream (formerly SunTrust) and got 3.99% on an unsecured loan. Meh rate, but not as bad as all of the local banks. As long as I make double payments for the first two years, I should save a few grand in interest.

 

[Sweatyyeddie]

Update for anyone still looking for loans.

I just got off the phone with FedChoice, their rate as of today is "as low as 2.64%" - and NEW members get a 1% discount (but it is capped at 1.99% for up to 72 months).

I applied to be a member a few weeks ago, and they wanted more info from me (proof of residence, and a scan of my social security card) which I am doing today.

I was also told they will hold an approved auto loan for 60 days, so I am still debating when I should apply since my truck is still not built yet (but according to my dealer, its in production).

Just wanted to update everyone on low rates, as this is pretty damn low at 1.99%

thanks for sharing man. I’d guess if it’s in production you’d definitely get the truck within 60 days but who actually knows these days. Anyway if they’re currently doing the 1.99% they’ll probably keep that same rate for at least until the fed does the next rate hike which is September 21st if I’m not mistaken

 

[shapiroeric]

For those that live outside of the Fed Choice area double check if you’re eligible to join. The “membership” criteria list geographic locations

 

[SneekEm]

For those that live outside of the Fed Choice area double check if you’re eligible to join. The “membership” criteria list geographic locations

I honestly don’t know if I’m in the geo location or not, I’m in PA. They haven’t said anything to me about it yet and I’ve talked to a few different reps and have had a few messages back and forth getting the correct documents to open an account. So far I think I’m good to go.

 

[SneekEm]

thanks for sharing man. I’d guess if it’s in production you’d definitely get the truck within 60 days but who actually knows these days. Anyway if they’re currently doing the 1.99% they’ll probably keep that same rate for at least until the fed does the next rate hike which is September 21st if I’m not mistaken

Yeah who knows when I’ll actually be able to finalize the deal on my truck, but it’s worth applying and getting approved for a 60 day lock in rate. The rep I talked to today said they can adjust their rates every month, so the first few days of every month the rates can change. I’m trying to wait as long as possible since according to ram tracker I’m still not in production, but the sales manager of the dealer I ordered from said I am in production. I do have an estimated ship date of 9/12 but as we all know that means nothing.

 

[Rpt2trx]

I was able to get 2.55% for 84 month, last month… looked todays and they jump to 2.95 for 84. I financed through my loca credit union.

 

[Tacoma2TRX]

Any idea which/if any of these CUs restrict out of state purchases? My CU in San Diego refuses to finance an out of state purchase. Said I'd have to finance somewhere else and re-fi with them.

 

[SneekEm]

Any idea which/if any of these CUs restrict out of state purchases? My CU in San Diego refuses to finance an out of state purchase. Said I'd have to finance somewhere else and re-fi with them.

That’s what a lot of my buddies do who buy out of state or can’t get an approved auto loan fast enough. They buy it though the dealer at their “best” rate, and within 30 days refinance it through their credit unions.

Just a bunch of shit to go through but in the case of 5% vs 2%, I think it’s worth it.

 

[MyWifeLetMe]

That’s what a lot of my buddies do who buy out of state or can’t get an approved auto loan fast enough. They buy it though the dealer at their “best” rate, and within 30 days refinance it through their credit unions.

Just a bunch of shit to go through but in the case of 5% vs 2%, I think it’s worth it.

That is what I did, was after a few months though. Interest rate went down almost 1% and will save about $12k if i pay it to term over the next 5 years. But i double up on the payment every month to pay it off faster so I have more money for upgrades later

 

[Tut]

Just financed 6 years at 3.49 at USAA with autopay. Beat my regular bank (NFCU) by .3.

Just picked up a TRX yesterday using USAA financing. 72 months is up to 3.89 now. I got 63 months @ 3.59

 

[Ev_nev_R]

Update for anyone still looking for loans.

I just got off the phone with FedChoice, their rate as of today is "as low as 2.64%" - and NEW members get a 1% discount (but it is capped at 1.99% for up to 72 months).

I applied to be a member a few weeks ago, and they wanted more info from me (proof of residence, and a scan of my social security card) which I am doing today.

I was also told they will hold an approved auto loan for 60 days, so I am still debating when I should apply since my truck is still not built yet (but according to my dealer, its in production).

Just wanted to update everyone on low rates, as this is pretty damn low at 1.99%

Awesome. Thank you so much

 

[nickinfleet]

3.49 @ 72 with my local credit union. Didn’t check with any banks. A lease buyout that’s less than a home loan seems great imo.

 

[Ck51010]

Just locked in 84 @ 3.19 with FedChoice today. Rep said the rates will go up again soon.

 

[saturnfire]

Thanks, folks for posting. I am getting ready to put in an order....Rates are getting crazy....but hopefully there will be some manufacturing type "teaser rate". Else gawd forbid....If it gets more out of hand...I might have to do a very long-term loan....and refi as soon as the recession hits...and rates are lower....or worst case pay cash....Just checked both My Wife's and my FICO scores are still at 850...some CU's and smaller banks will do what they did for me last time and give us less than the publically advertised rate.

 

[Blue702]

Don’t buy used that’s all I have to say. Ally hit me with 7% I am jealous of these new rates!

 

[Guest7099]

Don’t buy used that’s all I have to say. Ally hit me with 7% I am jealous of these new rates!

Bought used in may, 84mos, 2.49% ...Capitol One.