Good Sam Club Open Roads Forum: Tow Vehicles: New truck intrest rates
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 > New truck intrest rates

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Flan

NE

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Joined: 10/08/2017

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Posted: 09/28/19 06:45pm Link  |  Quote  |  Print  |  Notify Moderator

3 year 0% no money down on my 19 2500 ram back in July through Chrysler capital.


Heartland Prowler 27LX
19 Ram CTD 2500

wanderingbob

monticeeo, fla

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Posted: 09/28/19 06:57pm Link  |  Quote  |  Print  |  Notify Moderator

No such thing as a free lunch ! Zero interest , some one pays the interest either in the sale price or price of trade in ! The dealer nor the bank is paying !

Bionic Man

Colorado

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Posted: 09/28/19 08:07pm Link  |  Quote  |  Print  |  Notify Moderator

I bought an Expedition Max and Ford offered 0% for 5 years or 1.9% for 6. Taking the financing you sacrificed $1800 in rebates.


2012 RAM 3500 Laramie Longhorn DRW CC 4x4 Max Tow, Cummins HO, 60 gallon RDS aux fuel tank, Reese 18k Elite hitch
2003 Dodge Ram 3500 QC SB 4x4 Cummins HO NV5600 with Smarty JR, Jacobs EB (sold)
2002 Gulf Stream Sea Hawk 29FRB with Honda EV6010

ShinerBock

SATX

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Posted: 09/28/19 08:39pm Link  |  Quote  |  Print  |  Notify Moderator

I can still get 1.9% through my bank. That is also what I got on my 2014 Ram I bought new and the BMW I bought a few years ago.

S Davis

Western WA

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Posted: 09/28/19 08:40pm Link  |  Quote  |  Print  |  Notify Moderator

Well about 1:00 pm I get an email from the dealer reminding me of the appointment at 3:30 pm to buy the truck, I never made an appointment.

I emailed them back saying their interest rate is too high and that I was in the
2% to 3% range to make a deal. See how bad they want to sell the truck, it has been on their Lot for six months.

4x4ord

Alberta

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Posted: 09/28/19 09:50pm Link  |  Quote  |  Print  |  Notify Moderator

Make sure you consider all your costs. For instance: assuming you'd be borrowing $25000 from the dealer at 2% interest over 5 years you'd end up paying $1285 in interest. The dealer might have some fee they charge for setting up a loan as well. On the other hand if you buy the truck with a bank loan at 3% interest you might end up saving $1000 on the purchase price and pay $1860 in interest over 5 years. So if these numbers are close you could end up saving a few hundred dollars borrowing money from the bank at 3% vs getting a 2% loan from the dealership.


2017 F350 SRW Platinum short box 4x4.
B&W Companion
2008 Citation Platinum XL 34.5

stickdog

Somewhere, USA

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Posted: 09/29/19 09:39am Link  |  Quote  |  Print  |  Notify Moderator

In Sept 2017 got 1.99% 60 mos for the F350 in my sig from my CU.


9-11 WE WILL NEVER FORGET!
17 MS 36 RSSB3
Gone 04 HH DA LS 33.5 RLTG
17 F350 King Ranch CC DRW 4x4 6.7 4:10 B&W hitch
John
“A good traveler has no fixed plans, and is not intent on arriving.” Lao Tzu

mtofell1

Oregon

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Posted: 09/29/19 12:56pm Link  |  Quote  |  Print  |  Notify Moderator

Credit unions are typically the best place to compare rates. Truck price gets mixed in with dealer financing making it difficult really know what your rate truly is. Like some have mentioned, negotiating a cash price then talking financing is one way to know.

Me Again

Sunbird(Wa)/snowbird(Az)

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Posted: 09/29/19 04:39pm Link  |  Quote  |  Print  |  Notify Moderator

camp-n-family wrote:

Custom ordered mine and still got 0% financing. Crazy thing is it’s not through FCA it was through the bank of my choice and Ram (or the dealer?) is paying the banks interest rate for the term. I’m in no rush to pay it off.


For the inflated rates you pay for vehicles in Canada they and well afford to let you pay down the interest rate without really talking about it. Chris


2015 RAM 3500 CC SB SRW Our Rig New 2017 Bighorn 3575el. Commuter trailer 2019 Laredo 225MK. Retired and enjoying it!


Grit dog

Black Diamond, WA

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Posted: 09/29/19 05:50pm Link  |  Quote  |  Print  |  Notify Moderator

Presuming the old truck is a Duramax or you got the deal of the century going on.
Even still, that’s a great deal on new and trade.
Especially in WA. You’re saving as much sales tax as you could probably get more by selling it private party.
Even if it’s contingent on dealer financing or your credit doesn’t support a great rate.


"Yes Sir, Oct 10 1888, Those poor school children froze to death in their tracks. They did not even find them until Spring. Especially hard hit were the ones who had to trek uphill to school both ways, with no shoes." -Bert A.

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