Loan rates?

[holycoder]

Hi folks, this is just a heads up. USSFCU doesn’t finance private party sales. Just got my approval but noticed the fine print!

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[lslick23]

Hi folks, this is just a heads up. USSFCU doesn’t finance private party sales. Just got my approval but noticed the fine print!

Yup I had that same thing happen, so I’m gonna just wait for a new now.

 

[Redline]

What are people getting from Rivian these days? 6.99?

 

[Mari76]

All I see is 6.39%/36 months

5.79%/ 60 or 72 months
6.79%/ 84 months

I see these rates when I log in to my EECU account.

 

[clover00]

I stumbled upon a great deal if you happen to live or work in downtown Houston or in certain nearby zip codes through Harris County Federal Credit Union. Last month the rates were as low as 3.79% for 36 months, 3.97% for longer periods. Approval was quick and easy as long as they know that Rivian is taking care of the title and you don't need to close until the vehicle is in Houston. They told me they will not do loans for Tesla because Tesla makes you purchase before delivery and requires the purchaser to handle title. This month their rates are up a little starting at 3.99%. Still a great deal.

excellent loan rate find, especially for Rivian buyers in specific areas. well how lenders have varying requirements based on the manufacturer's policies:/ Has anyone experienced challenges with lender preferences when financing electric vehicles? I heard on the carvine Facebook page that some lenders may have specific requirements for certain EV brands. perhaps Tesla's title handling process can affect loan approval. If you've encountered similar situations, how did you navigate them?

 

[Redline]

Got a better rate from Rivian than USAA...sort of shocked me.

 

[5280mcs]

Got a better rate from Rivian than USAA...sort of shocked me.

What was the rate Rivian offered to you if you don't mind sharing?

 

[Redline]

What was the rate Rivian offered to you if you don't mind sharing?

7.xx% I forget exactly what it was now that they removed the car from my account.

USAA shocked me and this is with 800+ credit scores.

 

[Mari76]

7.xx% I forget exactly what it was now that they removed the car from my account.

USAA shocked me and this is with 800+ credit scores.

USAA was higher than 7%??

We're thinking of going with USAA when we get ours the end of the year. EECU has their rates at 5.79% right now.

 

[Redline]

USAA was higher than 7%??

We're thinking of going with USAA when we get ours the end of the year. EECU has their rates at 5.79% right now.

Yep. Crazy.

 

[Ecupip]

Saw this bank program mentioned on our electric provider website. I don't know anyone who has used them for a loan, but their rates seem somewhat discounted compared to what others have stated.

https://electel.org/electric-vehicle-loan/

 

[fr4c]

USSFCU is still 4.99% for 60 months as of today.

 

[pmaslana]

Got a better rate from Rivian than USAA...sort of shocked me.

Not a fan of USAA for anything nowadays. I luckily had no issues with their insurance, but there have been a lot of disgruntled individuals that I have seen lately.

 

[Redline]

Not a fan of USAA for anything nowadays. I luckily had no issues with their insurance, but there have been a lot of disgruntled individuals that I have seen lately.

Yeah I’m new to it when I married my wife. Not the biggest fan. I’m going to shop all of our insurance when we move into our new house.

 

[tusharparmar]

I stumbled upon a great deal if you happen to live or work in downtown Houston or in certain nearby zip codes through Harris County Federal Credit Union. Last month the rates were as low as 3.79% for 36 months, 3.97% for longer periods. Approval was quick and easy as long as they know that Rivian is taking care of the title and you don't need to close until the vehicle is in Houston. They told me they will not do loans for Tesla because Tesla makes you purchase before delivery and requires the purchaser to handle title. This month their rates are up a little starting at 3.99%. Still a great deal.

Does referral work there?

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