It’s been a few years since I’ve financed a car and the fed’s been raising rates relentlessly. What rate did you get on your recent purchase? And for context how many months? Did you go with dealer financing or did you bring your own? And if you just paid cash go ahead and dunk on us, I know you can’t resist! 😆

I’m a little sad that my delivery dates been pushed back and the fed raising rates again this week. If only I could have locked in the super low rate when I ordered back in Feb 😅

 

I had 3.49% for 72 months through the dealer which for informational purposes LR uses Chase for financing fwiw, but that was also 13 months ago and my FICO is 833, it was about 10 points higher then. I've been warned by Ford that rates have gone up and I may not (likely will not) get that this time around, which will be in a couple of months. I will do due diligence though and will see about securing financing though a credit union that I have had a good history with for previous auto financing. We'll have to see, I'd buy now before the rate hike if I could but the vehicle I ordered won't even be built for another 36 days and then it has to ship besides.

 

Took delivery of my 2022 X-Dynamic SE in November ’21. Financing through JLR is with Bank of America at 1.79% for 48 months. Hope this helps.

 

The world of financing and interest rates and changed considerably since then unfortunately

 

Yes, exactly. I’m happy everyone got a good deal last year buuuutttt I’m only really interested in what deals people have gotten in the last 30 days or so. 😁

 

My credit union is now 4.84% (best) to 7.39% (worst) for 2020-2023 model vehicles.

It was roughly half that fall.

I've seen higher, late 70s - mid 80s, i remember when they started advertising financing at 8.8% and the fake newscasters started running out of the room to buy a car.

 

Purchased about a month ago, and mine was in the mid 3's as well for 60 months. 800 beacon score. Supposedly that was the buy rate as well.

 

purchased just after the first hike by the fed; 4.99% over 60 with ~835 score through jlr (chase).

 

If you have a build on the Land Rover website, you can click on the "estimate monthly payment". Currently showing a default APR of 3.4% for 60 months & 3.59% for 72 months

 

i would definitely not expect to see rates like these regardless of deal structure. if you do anything ~5-5.5% on a new defender you're in great shape for this climate.