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GEN 3 (2021+) Ford F-150 Raptor Forums
Ford F-150 Raptor General Discussions [GEN 3]
Some advice for a first time financing?
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<blockquote data-quote="Broken Wrench" data-source="post: 1720205" data-attributes="member: 45181"><p>yup, instead of buying it outright, I financed 27k, had my credit approved already but I told the dealer if they could beat it, I would go with them, dealer came back just over 1.7% apr on a 5yr. with BofA. rather than taking all the money out of savings, I chose to borrow some at the low rate and keep the rest invested at 6-8%. Or you could tell the dealer if they come back at a great rate, you might finance some of it, otherwise I'll just write a check, that will usually get a best effort from them. I didn't want a huge car payment, small one ok. As long as you pay MSRP or below, let your money work for you, it's like getting more discount on the vehicle, the money you make off of the investment above the loan rate is just gravy, bacon gravy, <img src="/styles/default/xenforo/smilies/doh2.gif" class="smilie" loading="lazy" alt=":doh2:" title="Doh2 :doh2:" data-shortname=":doh2:" /> and who doesn't like that!</p><p>On the flip side, anything above MSRP is throwing money away and if you can afford to do that, congratulations you are much wealthier than most people, it's your money spend it as you choose, but if that is the case, then you should not be financing anything, that would be a very bad financial move, financing ADM is really a very bad idea, in my opinion.</p></blockquote><p></p>
[QUOTE="Broken Wrench, post: 1720205, member: 45181"] yup, instead of buying it outright, I financed 27k, had my credit approved already but I told the dealer if they could beat it, I would go with them, dealer came back just over 1.7% apr on a 5yr. with BofA. rather than taking all the money out of savings, I chose to borrow some at the low rate and keep the rest invested at 6-8%. Or you could tell the dealer if they come back at a great rate, you might finance some of it, otherwise I'll just write a check, that will usually get a best effort from them. I didn't want a huge car payment, small one ok. As long as you pay MSRP or below, let your money work for you, it's like getting more discount on the vehicle, the money you make off of the investment above the loan rate is just gravy, bacon gravy, :doh2: and who doesn't like that! On the flip side, anything above MSRP is throwing money away and if you can afford to do that, congratulations you are much wealthier than most people, it's your money spend it as you choose, but if that is the case, then you should not be financing anything, that would be a very bad financial move, financing ADM is really a very bad idea, in my opinion. [/QUOTE]
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Ford F-150 Raptor General Discussions [GEN 3]
Some advice for a first time financing?
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