Topic starter
March 7, 2023 3:07 pm
Listened to this podcast earlier today. Lots of chatter about used car supply/demand and prices and long term car loans. The gist, supply shortages, and there is still a huge shortage of cars. Demand in Spring is expected to be strong. Mention consumers willing to go for an 8 year auto loan to lower monthly payment. Also, toward the end is talk about Rivian’s green bond offering. If you have 40 minutes, it’s worth a listen. If not, listen to it on 2x speed! 🤣
Check out the latest episode of All-Things Fisker.
🌊 Ocean One #0469 | Night Drive | Black Abyss Plus | 22” F3b SlipStreams
March 7, 2023 4:38 pm
8 yrs loan! At the current interest rate? ouch! Max 5, prefer 3, else it is out of my budget.
Topic starter
March 7, 2023 5:09 pm
8 yrs loan! At the current interest rate? ouch! Max 5, prefer 3, else it is out of my budget.
Seriously, right!? Fisker has an 84 month (7 year) auto loan listed on their site with a rate of 7.09% for excellent credit. Chase's online auto loan calculator only goes up to 84 months.
https://autofinance.chase.com/auto-finance/auto-loans/payment-calculator
Check out the latest episode of All-Things Fisker.
🌊 Ocean One #0469 | Night Drive | Black Abyss Plus | 22” F3b SlipStreams
March 8, 2023 8:26 am
Still wish Fisker had more competitive rates, at least my local credit union has rates just under 4% which kills me because the last car I bought I got a 0% rate. With my Fisker I'll be putting half down, going for a 5 with hopes to pay off in 3.
BP / Maliblu / F5
March 8, 2023 12:13 pm
Still wish Fisker had more competitive rates, at least my local credit union has rates just under 4% which kills me because the last car I bought I got a 0% rate. With my Fisker I'll be putting half down, going for a 5 with hopes to pay off in 3.
Under 4% is a great rate. Everything near me (including my credit union) are 5% or more.
Fisker Ocean One #2185 | Mariana | MaliBlu | 22” F5 Black AirGliders | 7/9/22 Order | 3/13/23 Lock
2018 Tesla Model 3 LR RWD | 2020 Volvo XC60 Inscription | 2015 Nissan Murano SL | 2012 Chevy Volt (no longer own)
Stock ownership disclosure: Long positions on FSR, QS, RIVN, SLDP, TSLA
SeaPhil reacted
March 8, 2023 6:35 pm
@seancallahan Sean, you are in SD, if you are looking at Chase or Fisker for Financing, maybe you should join a credit union and get financing there? I am a member with PENFED and this is the screenshot of their rate:
