Current APR?
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Mountain Pass
Joined: Feb 2015
Posts: 146
Likes: 16
Current APR?
I know that this has been asked before, but things like in house APR offerings are always in flux.
What have recent buyers with excellent credit found at the dealers in regards to APR?
I don't want to dismiss them out of hand, but I have a feeling they'd be high.
FWIW my local credit union is doing 2.74% for 72 months or 3.24 for 84.
What have recent buyers with excellent credit found at the dealers in regards to APR?
I don't want to dismiss them out of hand, but I have a feeling they'd be high.
FWIW my local credit union is doing 2.74% for 72 months or 3.24 for 84.
5th Wheeling
Joined: Dec 2021
Posts: 46
Likes: 20
From: Pacific NW
My truck is scheduled for production 2/14, and I applied for Ford Motor credit online and was approved, but I need to work with the dealer to find out what my rate is. I also applied at my bank and local credit union. The best rate was credit union for 2.74% for 75 months that I was also approved for. My credit score is 780+. Edit: I live in Washington state for clarification.
Last edited by jgatech; Jan 13, 2022 at 08:01 PM. Reason: Added location
Mountain Pass
Joined: Jun 2021
Posts: 134
Likes: 78
From: Beaverton, OR
I'm also curious to know. I got 1.94% for 36 months locked in at local credit union. Truck is supposed to show up and day. I don't know if the dealership will match that, but what I'm really hoping is some kind of cash incentive for financing through them. $1,000 cash and 2.5% and I can still come out ahead by paying off early.
5th Wheeling
Joined: Oct 2021
Posts: 41
Likes: 12
My credit union in Dallas. https://www.relyoncu.org/Rates/Loan-Rates
New Auto - as low as 1 Terms Rate* Up to 48 months 1.69% 49 - 72 months 1.99% 73 - 84 months 2.79%21 (CURRENT YEAR – 1) 100% + Tax, Title, License, GAP coverage and Warranty
2 Terms 76 months and greater apply to loan amounts > $50,000.
New Auto - as low as 1 Terms Rate* Up to 48 months 1.69% 49 - 72 months 1.99% 73 - 84 months 2.79%21 (CURRENT YEAR – 1) 100% + Tax, Title, License, GAP coverage and Warranty
2 Terms 76 months and greater apply to loan amounts > $50,000.
Lead Driver
Joined: Dec 2020
Posts: 8,640
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The rates vary quite a bit by location. Your rate may be the best available in the state/area you reside. When these questions are asked it should be specific to the OP's location. You both look to be in the same state, so the rates you both are seeing don't vary wildly. Back when I purchased (2019) I was seeing posts from members in various states with interest rates far lower than any quotes I found here (Ca.). I called several credit unions and big banks, best I could find at the time was 3.49%/72 months. Lower on shorter terms. I also had a credit score over 800 and 50% down.
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More Turbo
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Over 800 here in Oregon and I'm looking at 2.99% for 84 months. I just wanted the lowest payment but will be doing double or triple payments, i like the flexibility of a low payment if i need to pay for something else in a given month.
Lead Driver
Joined: Dec 2020
Posts: 8,640
Likes: 2,435
I know that this has been asked before, but things like in house APR offerings are always in flux.
What have recent buyers with excellent credit found at the dealers in regards to APR?
I don't want to dismiss them out of hand, but I have a feeling they'd be high.
FWIW my local credit union is doing 2.74% for 72 months or 3.24 for 84.
What have recent buyers with excellent credit found at the dealers in regards to APR?
I don't want to dismiss them out of hand, but I have a feeling they'd be high.
FWIW my local credit union is doing 2.74% for 72 months or 3.24 for 84.
Thread Starter
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Mountain Pass
Joined: Feb 2015
Posts: 146
Likes: 16
Thanks for all of the perspectives!
Yea it's such a mental thing. I'm not anywhere close to be cornered into a "payment" limit, but instead trying to maximize leverage and find a happy medium between rates and deprecation and down and disposable liquidity.
I'd like to understand Fords rationale about offering (last I checked) very good rates on 150s vs 250s. WTH?
Yea it's such a mental thing. I'm not anywhere close to be cornered into a "payment" limit, but instead trying to maximize leverage and find a happy medium between rates and deprecation and down and disposable liquidity.
I'd like to understand Fords rationale about offering (last I checked) very good rates on 150s vs 250s. WTH?
4wd Low
Joined: Oct 2021
Posts: 11
Likes: 5
More Turbo
Joined: Dec 2021
Posts: 604
Likes: 205
@NedFletcher - what company are you financing through?