Loan rates?

[zymolysis]

Strangely, I never had to confirm ACH deposits on my loan

There was some kind of option about a credit card, instead of the ACH deposits, but the only way to do that was calling and talking to someone. Had I only known, I would have gone that route. I have never seen so much confusion and lack of follow up at any financial institution, before. I get that they are swamped, but not reading/responding in the conversation log is counterproductive - telephone interactions take longer and are more frustrating.

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[Tzadik_nistar]

No, not if you've provided a copy of the check and tracking. Doesn't matter when it arrives.

My guide told me NY has some rules dealing with out of state auto transactions requiring the check to be in hand prior to delivery so she suggested I switch to Tuesday delivery to be safe.

 

[zefram47]

Starting to wish I'd have gotten pre-approval a month ago as rates have kept going up. Anyone in here wind up using Navy Federal or USAA? How was the process with Rivian?

I tried to do an app through Navy Fed and Rivian wasn't in their manufacturer list and it rejected my VIN for some reason. USAA's directions don't seem like their payment methods work with Rivian? Would love input from anyone who's actually used either of them successfully.

Rivian is currently at 6.65% for 60 months, USAA at 5.39%, and Navy Fed at 4.74%.

 

[Prime]

Was able to lock a 4.8% at BofA for 60 months, they had a promotion for an extra .15 off or something, plus platinum tier customers receive an additional 0.5% off. Not amazing, but much better than the Rivian/Chase rate offered of 6.6%. Days of 2.5% are in the rearview mirror.

 

[zefram47]

Was able to lock a 4.8% at BofA for 60 months, they had a promotion for an extra .15 off or something, plus platinum tier customers receive an additional 0.5% off. Not amazing, but much better than the Rivian/Chase rate offered of 6.6%. Days of 2.5% are in the rearview mirror.

Oof...I'm seeing their lowest at 5.79% now.

 

[DuoRivians]

Our credit union is offering 5.795% for 72 months

 

[jeeden]

Starting to wish I'd have gotten pre-approval a month ago as rates have kept going up. Anyone in here wind up using Navy Federal or USAA? How was the process with Rivian?

I tried to do an app through Navy Fed and Rivian wasn't in their manufacturer list and it rejected my VIN for some reason. USAA's directions don't seem like their payment methods work with Rivian? Would love input from anyone who's actually used either of them successfully.

Rivian is currently at 6.65% for 60 months, USAA at 5.39%, and Navy Fed at 4.74%.

I used NFCU for our R1S getting delivered next week. I did the online pre-approval because I didn't know how much loan I would need because we were still waiting to sell our existing car at the time. I picked a ballpark figure based on a carvana estimate. Locked in 4.74% and it's good for 90 days. They send me all the paperwork and the check good up to the amount that I asked. I did call him because it sets an initial payment date of 30 days later but they said that it's 30 days after you execute the check. So for instance I applied our March 11th the first payment due was April 11th but because I just sent the check in to rivian today our first payment won't be due until May 11th.

It went fine and the guide said they were familiar with Navy federals approach where they have to call and give a code to activate the check. Navy Federal said they would do automated clearing house but it seemed messy so I took the paper check. That said it cost me a pretty good amount to UPS the check to California from Virginia tonight so it will be there in time for our delivery next week.

We don't really keep any money with NFCU. We just use them for various loans mostly because their rates are so good and I can't recommend them enough. They also always seem to be willing to work with you on special situations. I think it's because they're used to it since they cater to military and government personnel worldwide

 

[dleewla]

these guys are stating 1.99% but highly doubt it'll be the actual rate if i proceed: https://sthwycu.com/
got 4.95% from here: https://www.adelfibanking.com/personal/loans-credit-card/auto-loans

 

[zefram47]

I used NFCU for our R1S getting delivered next week. I did the online pre-approval because I didn't know how much loan I would need because we were still waiting to sell our existing car at the time. I picked a ballpark figure based on a carvana estimate. Locked in 4.74% and it's good for 90 days. They send me all the paperwork and the check good up to the amount that I asked. I did call him because it sets an initial payment date of 30 days later but they said that it's 30 days after you execute the check. So for instance I applied our March 11th the first payment due was April 11th but because I just sent the check in to rivian today our first payment won't be due until May 11th.

It went fine and the guide said they were familiar with Navy federals approach where they have to call and give a code to activate the check. Navy Federal said they would do automated clearing house but it seemed messy so I took the paper check. That said it cost me a pretty good amount to UPS the check to California from Virginia tonight so it will be there in time for our delivery next week.

We don't really keep any money with NFCU. We just use them for various loans mostly because their rates are so good and I can't recommend them enough. They also always seem to be willing to work with you on special situations. I think it's because they're used to it since they cater to military and government personnel worldwide

Thanks, that was exactly the info I was looking for. I also only really use them for loans, but haven't done one with them since probably 2012 and it was with a traditional dealer.

 

[canikony]

these guys are stating 1.99% but highly doubt it'll be the actual rate if i proceed: https://sthwycu.com/
got 4.95% from here: https://www.adelfibanking.com/personal/loans-credit-card/auto-loans

is that rate advertised on the site somewhere?

 

[quartz]

I'm seeing 4.54% at Navy Federal, seems to be the lowest these days.

 

[BigE]

I used NFCU for our R1S getting delivered next week. I did the online pre-approval because I didn't know how much loan I would need because we were still waiting to sell our existing car at the time. I picked a ballpark figure based on a carvana estimate. Locked in 4.74% and it's good for 90 days. They send me all the paperwork and the check good up to the amount that I asked. I did call him because it sets an initial payment date of 30 days later but they said that it's 30 days after you execute the check. So for instance I applied our March 11th the first payment due was April 11th but because I just sent the check in to rivian today our first payment won't be due until May 11th.

It went fine and the guide said they were familiar with Navy federals approach where they have to call and give a code to activate the check. Navy Federal said they would do automated clearing house but it seemed messy so I took the paper check. That said it cost me a pretty good amount to UPS the check to California from Virginia tonight so it will be there in time for our delivery next week.

We don't really keep any money with NFCU. We just use them for various loans mostly because their rates are so good and I can't recommend them enough. They also always seem to be willing to work with you on special situations. I think it's because they're used to it since they cater to military and government personnel worldwide

I used NFCU for our loan and most of our banking for the past 30+ yrs. They are wonderful to work with.

 

[SlaterGS]

got 4.95% from here: https://www.adelfibanking.com/personal/loans-credit-card/auto-loans

Did you not put in a Make/Model? I'm not seeing Rivian listed.

 

[zymolysis]

Did you not put in a Make/Model? I'm not seeing Rivian listed.

When I applied for loans (where Rivian wasn't an option), I chose "Tesla Model S," and then wrote in "Rivian R1T" on the form, later.

 

[freshpow]

When I applied for loans (where Rivian wasn't an option), I chose "Tesla Model S," and then wrote in "Rivian R1T" on the form, later.

Same. Going through the process with Adelfi currently and they have been very responsive. Approved earlier this week for 60 mos. @ 4.55%

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