Ladiver

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Just got an e-mail from Chase regarding their auto program. They have rates for Rivian!

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sevengroove

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Not bad! I imagine a Rivian announcement is coming ... soon :D.

Are you a chase banking customer? I have a couple of their credit cards but nothing on the banking side.
 
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Ladiver

Ladiver

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Not bad! I imagine a Rivian announcement is coming ... soon :D.

Are you a chase banking customer? I have a couple of their credit cards but nothing on the banking side.
No banking, but have the Sapphire card. I have been looking at opening a decent size account with them to get some perks.
 

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A little expensive but I suspect that's chase's standard auto program and not the dedicated ones they have like for Land Rover, Jaguar, etc.
 

sevengroove

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A little expensive but I suspect that's chase's standard auto program and not the dedicated ones they have like for Land Rover, Jaguar, etc.
I wonder if Rivian will offer different rates through their portal?
I'm not super familiar with how the dedicated programs work - my assumption was that if there is an agreement between manufacturer and bank, then it shouldn't matter which of those websites you access the deal from, you should get the same rate. Not accurate?
 
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Ladiver

Ladiver

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I wonder if Rivian will offer different rates through their portal?
I hope so, Bank of America advertises new car loans at 2.39%

I am eligible for a .5% rate reduction, so 1.89% is not bad at all.
 

txtravwill

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They kinda suck in the fact that if you put more down, and say finance 55k or so then the rate goes up to 3.04%. Sheesh seems like risking less would bring it down instead.
 

U100

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So according to Chase LE reservation holders are getting 2022 models? I figured they were 2021s...
 

kanundrum

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FWIW the get rates information is simply a generic function, if you click on Land Rover you get the following (which has a dedicated program from chase).

Also those rates are for all Cars it seems more or less they don't have a dedicated program for yet (look up Cadillac)



We have a special financing relationship with Land Rover, so please check their rates and apply directly with them.


Chase's website terms, privacy and security policies don’t apply to the site you're about to visit. Please review its website terms, privacy and security policies to see how they apply to you. Chase isn’t responsible for (and doesn’t provide) any products, services or content at this third-party site, except for products and services that explicitly carry the Chase name.
 
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Ladiver

Ladiver

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So according to Chase LE reservation holders are getting 2022 models? I figured they were 2021s...
Maybe Chase won't lend to LE customers. They will wait to see if Rivian is a viable company. :eek:
 

CommodoreAmiga

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I'm not super familiar with how the dedicated programs work - my assumption was that if there is an agreement between manufacturer and bank, then it shouldn't matter which of those websites you access the deal from, you should get the same rate. Not accurate?
No, the manufacturer can subsidize the rates, or reduce the “profit” if desired.

For example: Chase runs the backend finance operations for Subaru, too.... And Subaru has offered 0% APR, at times.
 

kanundrum

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Either way I have a backup plan in
Awesome news.

I’m going to go ahead and declare this the best post to date on this Forum, and probably any other.

It’s getting real....

See above haha, its a generic one for all cars, granted chase does recognize Rivian is real so that is a win.
 

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