slowdown

Same here. I've used them twice in the past 2 years. But my SA did tell me the PFS rates shot up after I locked in. So if I were looking now, I'd hesitate to use them.

smithsonga

I push for the highest trade value to reduce my sales tax. I find a private sale plus the hassle does not offset the sales tax savings.

Financing, I have always been a believer in making money with my cash and financing at a low rate. I just did 3%. I should (in today's environment its harder) make much more than 3% on my liquid cash vs. having it in a depreciating asset.

rusmani

Any recent buyers with good financing recommendations? My car should be arriving in about 30-40 days, so hoping to get prequalified sooner rather than later to avoid more interest rate hikes. AmeriCU appears to be at 3.99% for 60 months.

bulkychipmonk

Lock something in as soon as you can! I went through Navy Federal, and got 2.99% for 60 months. I applied back in July, and I’m glad I did as my SA said Porsche financing rates were 6.99% for well qualified buyers. Initial docs from Navy Federal mentioned having 90 days to buy the car, but that is not actually the case (other lenders may be different). Definitely recommend getting something locked before the rates jump again. Cheers!

rusmani

I'd love 2.99% for 60 months, but I suspect those days are long gone! Just checked Navy Federal and they are currently at 3.99% for 60 months. May have to jump on that.

bulkychipmonk

Do it! Can only see it going in one direction in the next few months.

Xxyion

hopefully that sticks for you. Mine was set to arrive in 29 days and then all of a sudden TYD says I was pushed back 3 weeks. It sucks as I was just about to apply for a loan at a lower rate and now they just had a rate hike. only .5% so not terrible but its not ideal.

MaddMike

I had financed though Navy Federal but due to delays, I actually made two payments before I received my car. But, I was able to get in at 2.9% I had missed the 2.49% as I took too long to pull the trigger. I did refinance my mortgage at 1.9% before everything went crazy so I'm happy with that.

Xxyion

I really wish I had ordered my car earlier in the year. I refinanced my house at 2.25% (really low for my area) and could have gotten an auto loan at 1.9% but since my car isn't due till the end of the year I have to deal with possibly close to a 5% interest rate which really hurts me to my core. Hoping that early next year rates go down so I can refinance.

Ken in San Diego

Feeling your pain.... Got my Spyder coming in December. Here is my plan: 1) suck it up. just pay whatever rate is market at the time. 2) after a remodel, I am going to pull money out of my house and pay off the auto loan next year. Home equity loan interest is tax deductible as many of you already know, and auto loan interest is not. That will help.

Xxyion

Yeah I eventually will be doing that as well. It just sucks that we refinanced before I even got the allocation so we didn't think to pull any money for the car. Will probably do that in a few years when we switch to a single family. So I'll still deal with some interest and monthly payments but the car will be paid off a few years early which works for me.

rusmani

I'll have to look more into this, but I think some institutions will hold an approval for 30-60
days.

TXRubicon

I only found one bank that will do 60 days. The rest were 30 but the CU I ended up going with said they could push the rate lock up to a max of 45 days

Xxyion

yeah I'm waiting to hear back from my CU if their limit is 30 or 60 days

SK991.2

PNA is not even attempting to make good rates at the moment.. BUT I've never used them.. I had a 3.49 rate from BofA but I was still waiting on vehicle to leave Emden .. now rate up to 4.19 for 72 mos BofA