Long McArthur included shipping

[paneubert]

Well duh..... my credit union's best rate right now is 6.69... so I guess I should have clarified what the best 'standard' rate for 60 months is

The only way to know would be to have one of their finance managers run your credit and shop it around to their portfolio of lenders. When I bought from LM over the summer, I ended up with Bank of America. I will most likely refinance at some point when rates fall (hopefully they fall). But I will wait long enough so that Bank of America doesn't try to claw back the cut LM got from the deal (which is why they can offer the $1,000 shipping/travel allowance to begin with). Either way, I will have paid much less than $1,000 in extra interest by going with the rate they got me. So it is win/win.

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[Finklejag]

I guess I will find out what the current rates are when my lost truck shows up at LM. It’s pretty sad people on here are driving their 2024’s all around the country but my 2023 is know where to be seen. It was shipped October 7th.

 

[Chrisicus]

I had mine shipped from LM back in June. I went with my credit union for financing since they had a better rate, so i paid for the shipping out of pocket. It was $1300 to ship down to south Mississippi. I would have preferred to fly up and drive it back down, but just wasn't able to find the time.

 

[Hdscreens]

A few days ago it was in the 8.2-10.4% range. I chose to bring in my own financing which was much lower and I would pick up vehicle but apparently the 1k over MSRP livestream special also required their standard rate so I backed out of the purchase. From the get go I mentioned I would bring in my own financing but I put up option for them to match or beat it but unfortunately it wasn’t close.

What is the standard rate?

 

[Connect]

The only way to know would be to have one of their finance managers run your credit and shop it around to their portfolio of lenders. When I bought from LM over the summer, I ended up with Bank of America. I will most likely refinance at some point when rates fall (hopefully they fall). But I will wait long enough so that Bank of America doesn't try to claw back the cut LM got from the deal (which is why they can offer the $1,000 shipping/travel allowance to begin with). Either way, I will have paid much less than $1,000 in extra interest by going with the rate they got me. So it is win/win.

I appreciate what you are trying to say however I realize all that, just didn't know if anyone had specific information from a recent transaction.

 

[paneubert]

I appreciate what you are trying to say however I realize all that, just didn't know if anyone had specific information from a recent transaction.

Yeah, not trying to be shady or avoid the question. It would be cool to hear from some more recent LM sales. I'm not going to say what my rate was back in June, but it was not horrible. Definitely made it worth it for me to fly out there and drive it back. I probably could have shaved off some fractions of a percent if I shopped around and brought my own financing, but it was not a huge deal, especially since I usually end up refinancing with my local credit union for convenience. I am just waiting it out for about 6 months to be fair to LM. They treated me well, so I want to reduce the risk of Bank of America coming after them for their "cut" if I refinance early.

 

[Connect]

So the answer is as of today 11/21/23 they want to use Ford and the top rate is 9.59. Ouch

 

[Finklejag]

That is a subprime rate.

 

[Hdscreens]

I fell within available rates of 8.2-10.4% for 60 months a few days ago and yesterday got notification letter from Wells Fargo credit check was run thru them so they shop around at least two options. Weather rates were less and just tacked on more points to pocket more I wouldn’t know? Definitely, have been the highest rates I’ve been quoted as of recent.

So the answer is as of today 11/21/23 they want to use Ford and the top rate is 9.59. Ouch

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