Third party financing

Timmyd68 · 2022-03-28T09:57:47-0400

Any advice on third party financing loans for Rivian R1T launch edition?

ERivTruck · 2022-03-28T11:50:58-0400

I'd like to know about this too.

tonipepperoni77 · 2022-03-28T12:00:46-0400

AAA or a credit union,..... just like any other car you would buy

PAFDenver · 2022-03-28T12:14:25-0400

Check out Penfed Credit Union. I have heard people saying they got great rates from them. I am not affiliated with them or a member but will join when I get closer to taking delivery.

CommodoreAmiga · 2022-03-28T12:22:57-0400

I'll most likely end up with either my local CU or DCU.

EvTim · 2022-03-28T12:40:27-0400

Agree with others that have mentioned trying a local credit union or DCU (online credit union). My local credit union just matched DCU for a Tesla I'm buying this week, so if you already do business with a local credit union, it doesn't hurt to ask if they would match a rate. Another option is to look at nerdwallet to see a list of some banks / credit unions you could try.

PSee · 2022-03-28T16:05:39-0400

Does anyone know what rate Rivian is currently offering ?

Cali Electric Adventures · 2022-03-28T16:13:15-0400

Rivian is partnering with JP Morgan Chase for its financing. Of those who have taken delivery, I have not seen anyone posting on their experience with Chase or interest rates. I'm curious as well.

Rivian, Chase partner to create an all-digital customer financing experience

jmbach · 2022-03-28T17:51:10-0400

PSee said:
Does anyone know what rate Rivian is currently offering ?

You can figure this out by going to your configuration page and clicking on "Payment Estimator" under Estimated Price towards the bottom. When I checked last week I got 3.37% for 60 months and 3.47% for 72. There were shorter options as well. Hardly competitive rates though. I got 2.39% for 72 months from PenFed's web page, and 2.99% for 60 months from my local Credit Union.

Angus · 2022-03-28T18:27:38-0400

I will likely use Rivian or Navy Federal.

ChiRiv · 2022-03-28T19:16:49-0400

jmbach said:
You can figure this out by going to your configuration page and clicking on "Payment Estimator" under Estimated Price towards the bottom. When I checked last week I got 3.37% for 60 months and 3.47% for 72. There were shorter options as well. Hardly competitive rates though. I got 2.39% for 72 months from PenFed's web page, and 2.99% for 60 months from my local Credit Union.

Bank of America 2.39 60 month a couple weeks ago

lefkonj · 2022-03-28T19:40:42-0400

yeah the change it rates will keep this interesting. Would love to lock in but without a firm delivery date that isn't possible.

OcD · 2022-03-28T20:22:24-0400

I wanted to use Rivian / Chase but the rate was really poor. I ended up financing almost all of mine (minus a 10% deposit) with Logix. I am new to Logix as well and I was able to get it at 1.89%. Rivian is already holding my money - can't wait to schedule my delivery. Logix asked that to get that rate I pay down 10% of the vehicle which I gladly did for that rate. Happy to share contact info if you need it. Cheers!

the_saint · 2022-03-30T04:39:52-0400

OcD said:
I wanted to use Rivian / Chase but the rate was really poor. I ended up financing almost all of mine (minus a 10% deposit) with Logix. I am new to Logix as well and I was able to get it at 1.89%. Rivian is already holding my money - can't wait to schedule my delivery. Logix asked that to get that rate I pay down 10% of the vehicle which I gladly did for that rate. Happy to share contact info if you need it. Cheers!

Man what a great rate. It's too bad they don't do Auto loans in my state

"Auto loans are available only in AZ, CA, DC, MA, MD, ME, NH, NV and VA"

Joeminey480volts · 2022-03-30T11:04:39-0400

Clean Power Finance specializes in EVs

Naresh Narang · 2022-03-30T11:58:42-0400

Penfed has 1.99% for 60 months.

GaryGR · 2022-04-02T16:11:48-0400

If you're in Texas RBFCU has 1.95% for up to 72 months.

MtnBiker · 2022-04-04T17:58:48-0400

Timmyd68 said:
Any advice on third party financing loans for Rivian R1T launch edition?

I belive you will need the VIN when you try to apply for the loan, which shouldn't be a problem because I am hearing that you will need insurance before you take delivery. So you will be able to do that at the same time.

doskolin · 2022-09-16T10:11:04-0400

jmbach said:
You can figure this out by going to your configuration page and clicking on "Payment Estimator" under Estimated Price towards the bottom. When I checked last week I got 3.37% for 60 months and 3.47% for 72. There were shorter options as well that I found here https://northnloans.ca/no-credit-check-loans/ . Hardly competitive rates though. I got 2.39% for 72 months from PenFed's web page, and 2.99% for 60 months from my local Credit Union.

Yeah, I have done the same and get really good percent's from different web pages and I currently paying it off but everything is ok.

Third party financing

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