Help Support Ford Raptor Forum by donating:


Who else financed their Raptor?

Discussion in 'Ford F-150 Raptor General Discussions [GEN 2]' started by RaptorMaryland, Apr 26, 2019.

  1. waveslayer

    waveslayer Full Access Member

    Age:
    38
    Posts:
    516
    Likes Received:
    291
    Joined:
    Aug 30, 2018
    Location:
    CA
    Did BofA at 3.5% for 72 months with 20K down. Not too bad. Ford wanted 5.99% like everyone else has commented on.

    If I get this promotion then they will cover mileage and car allowance... then I won't have to worry.

    My wife thinks I only have 3 guns
     
  2. bigskyRaptor

    bigskyRaptor Member

    Posts:
    33
    Likes Received:
    14
    Joined:
    Jul 7, 2019
    Location:
    MT
    When I was younger I financed my toys. Not now. I hate paying interest.

    If I can afford to pay outright for it without hitting the savings too hard, I do. If I can’t, I don’t buy it.
     
    LForward1 likes this.
  3. LForward1

    LForward1 Member

    Posts:
    14
    Likes Received:
    1
    Joined:
    Jul 22, 2019
    Location:
    Manchester
    I guess, you got that right. Since I had a problem with my car when I wanted to buy it, but the percentage was too risky for me, so I got an advice about it from my wife that told me to give it a try, since there are a lot of different kinds of situations when people won the risky situation, that's why I tried to do it. But reality is too real for us, so I didn't manage to pay for a loan on time. Since then in one day some guys from debt collectors ( I guess that's them frontline-collections.com) come to me and we had a little discussion about solving my problem (they was pretty nice btw). Since than I have never take any loan, EVER!
     
    Last edited: Feb 21, 2020
    hj_s14 likes this.
  4. REMIX

    REMIX Full Access Member

    Posts:
    213
    Likes Received:
    118
    Joined:
    Dec 1, 2019
    Location:
    Sarasota & Jacksonville, FL
    Same here, 3.29%, gave them $10,000 + trade. Cheap money. Also a tax write off since I'm in the thing nearly 100% for work. In fact, the entire reason I have the truck is primarily for tax reasons.
     
    Donovan likes this.
  5. Donovan

    Donovan Full Access Member

    Posts:
    838
    Likes Received:
    204
    Joined:
    Aug 10, 2019
    Location:
    DC
    Hell for most of us it should be the BEST reason to spend 60+ on a truck.
     
  6. MORaptor

    MORaptor Full Access Member

    Posts:
    81
    Likes Received:
    65
    Joined:
    Nov 6, 2019
    Location:
    STL
    There is no doubt, each person has their own strategy because each is in a different financial position. I agree with the school of paying cash or paying off anything you can - there is no doubt you sleep better at night not owing money to others. When the market is good, like it is now, it is easier to make the argument around letting your money work and finance your toys. That all makes sense until the market turns and your paying an interest rate higher than what you are earning. There are no guarantees in this life, do what works for you and enjoy it. Lord knows you can't take your toys with you so live each day to the fullest. I have yet to see a Hearse pulling a U-Haul with anyone's toys to take with them to the grave.
     
  7. Donovan

    Donovan Full Access Member

    Posts:
    838
    Likes Received:
    204
    Joined:
    Aug 10, 2019
    Location:
    DC
    Before this turns into a finance class... if the vehicle makes you happy, do what you must to keep it. Do not forget its a liability and a FORD not a 250 TR Testarossa...
     
  8. GCATX

    GCATX FRF Supporting Member Supporting Member

    Posts:
    1,121
    Likes Received:
    879
    Joined:
    Oct 6, 2018
    Location:
    Austin, TX
    72 months at 2.59, $0 down. Cheap money. It's my self-employed work vehicle so I write off Northward of $14k/year in mileage. House is payed off and I have spent my share of time driving shitboxes.

    As a home inspector, I have to project success. I'm already a handsome son of a bitch and 6'3. The raptor is just the last piece of the puzzle. :D

    And no way I would cash out savings to pay for a truck.
     
    Rich E, Hburgrap, Gerald and 4 others like this.
  9. Edbert

    Edbert FRF Supporting Member Supporting Member

    Posts:
    428
    Likes Received:
    198
    Joined:
    Aug 8, 2018
    Location:
    Austin, Texas, Ya'll
    3% interest is below the inflation rate (at least around here)...free money right?
     
  10. Oldfart

    Oldfart Full Access Member

    Posts:
    569
    Likes Received:
    645
    Joined:
    Oct 21, 2017
    Location:
    PA Division of United States of Trump
    You forgot to mention that you also have a giant penor since you own a Raptor! :pimp:
     
    GCATX likes this.

Share This Page