Configurator Updated with Payment Estimator

[eggpaul]

Maybe this means guide contacts will start tomorrow?

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[flabyboy]

Our local credit union has rates around 1.9

 

[svet-am]

Haven’t had a chance to log in yet. Is this just if financing? No real purpose for me since I am not financing other than to check for Colorado rebates.

 

[Kmann1994]

The R1T will be the first vehicle I finance (my Tesla and one previous vehicle were leases). I've heard from friends that getting a car loan with a low sub-3% interest rate is a piece of cake as long as you have a good credit score, which I do.

Anyone else here have any experience with that? Is that true?

 

[sevengroove]

There was a thread from earlier this year discussing low financing rates. This particular credit union seems really promising with sub 2% rates easily attainable (credit to @CommodoreAmiga):
https://www.rivianforums.com/forum/...-customer-financing-experience.998/post-19335

 

[kanundrum]

The R1T will be the first vehicle I finance (my Tesla and one previous vehicle were leases). I've heard from friends that getting a car loan with a low sub-3% interest rate is a piece of cake as long as you have a good credit score, which I do.

Anyone else here have any experience with that? Is that true?

Check your local credit union! I use Pended and/or Navy Federal.

 

[Trekkie]

This is my friendly reminder to those that haven't purchased a car not at a dealer before to reach out to your local credit unions as they will *always* have a better rate, you could probably find 1.5 - 2.5 right now.

For an 84 month loan and good credit it's 2.9% right now.

Mine has a referral program if you're looking for one and don't have it, but I highly recommend switching from 'banks' to credit unions, they're so much better to work with than the big banks and really do value their customers.

 

[Speedrye]

Check your local credit union! I use Pended and/or Navy Federal.

I'll second PenFed, they've done me right over the years.

 

[kurtlikevonnegut]

The interest rate is the one place I will regret not having to work with a dealer. Wont be getting a 0% interest rate on this purchase. Hard to forecast what interest rates will be when the time comes to actually secure financing.

 

[TessP100D]

Haven’t had a chance to log in yet. Is this just if financing? No real purpose for me since I am not financing other than to check for Colorado rebates.

You the man.

 

[kurtlikevonnegut]

You the man.

I humbly disagree, if the cost of capital is 3% and you can reliably get 6-7% in low risk index funds, you're losing money by not getting the loan.

 

[TessP100D]

I humbly disagree, if the cost of capital is 3% and you can reliably get 6-7% in low risk index funds, you're losing money by not getting the loan.

So…. Your hoping for returns in the market? Ok…..

 

[Jay]

There was a thread from earlier this year discussing low financing rates. This particular credit union seems really promising with sub 2% rates easily attainable (credit to @CommodoreAmiga):
https://www.rivianforums.com/forum/...-customer-financing-experience.998/post-19335

https://www.dcu.org/borrow/vehicle-loans/auto-loans.html updated rates of 1.24

 

[kurtlikevonnegut]

So…. Your hoping for returns in the market? Ok…..

I didn't realize that anticipating a better than 3% return on investments is such a bold strategy.

 

[nfrank]

I just logged in and didn’t see the $1,500 Clean Fuel Reward for California residents. I wonder if it applies. Will research…

There’s a base msrp maximum for the California rebate. I think it’s $60k or so.

However they seem to give out rebates say if you pay $65k for a model 3 since the base price is below $60k. What we need Rivian to do is come out with a 2wd 250mile range version that starts at <$60k so we can all get tax incentives on our $80k+ luxury adventure vehicles

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