R2 Financing rate?

[TheLTrain]

For those who have been invited to order, I’m curious what kind of rates Rivian offered for financing?

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[emroch]

You can use the loan calculator on the configuration page (just below the price at the top) to see the lease/loan estimates for various terms and credit ranges.

Rivian is offering high 5%+ for excellent credit up to 72 months (6%+ for 84 months). You will probably be better off going through your bank or a local credit union.

 

[Friar619]

Rivian's preferred financing company is Chase. The rate is 5.79%

You can find lower apr rates with credit unions.

 

[FatalIll]

Piggybacking on this question to pose a new question, if anyone can answer. When Ive financed cars previously it's always been through the dealership and then refinanced later at a credit union. Ive never had a Rivian or gone direct-to-consumer before. How does it work if I went to finance directly through a credit union instead of Rivian/Chase? Do I figure out the residual value after trade-in and money down and have the credit union foot the rest?

 

[SANZC02]

Piggybacking on this question to pose a new question, if anyone can answer. When Ive financed cars previously it's always been through the dealership and then refinanced later at a credit union. Ive never had a Rivian or gone direct-to-consumer before. How does it work if I went to finance directly through a credit union instead of Rivian/Chase? Do I figure out the residual value after trade-in and money down and have the credit union foot the rest?

Years ago when I bought my Model S just went through the purchase process, got the final amount due at signing then just got a check from my credit union made out to Tesla.

Same process as if paying cash, with the R1S I got the final due at signing price and got a bank check to give them on delivery.

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