GEN 2 Financing your Raptor

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jwvdds02

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Obviously I'm not looking for specifics...but did most of you guys put a chunk of change down on your Raptors? I was actually wondering if banks would finance a purchase above MSRP?


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dlbb

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yes they will. i traded in a 14 with 5k equity and 2k down. alot of it has to do wit dti and can u easily afford the payments.
 
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Azholley

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yes they will. i traded in a 14 with 5k equity and 2k down. alot of it has to do wit dti and can u easily afford the payments.



Before people ask DTI means debt to income ratio.... no OP I didn't put a ton down


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JetDriver480

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I put about $37k down to make my total payment $500 a month. 4% which a mentioned in another thread I feel like maybe normal but nothing worth bragging about. I paid MSRP but they will finance over MSRP assuming you have good credit and can prove you can afford it.
 

dlbb

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Before people ask DTI means debt to income ratio.... no OP I didn't put a ton down


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lol i assumed someone looking for financing would know about dti. however i did have to school my buddy since he has never financed anything.
 
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jwvdds02

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Around 30k down to keep payments down a bit



Thanks guys. Makes perfect sense. The DTI and credit isn't an issue. I just didn't know if they would give you more than the MSRP.


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Fly5150

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0 down here. Financed the whole thing


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dlbb

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lol to be honest i don't know if the bank/credit union even knows they financed the markup. they seamed to stuck on us having duel addresses. my backup approval is .75 higher interest rate and from state farm. they didn't care about the markup. they just wanted to know the total financed minus gap.
 
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