Dodge/Ram/Jeep Canada Dealerships and the 'Virus'

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bmans5

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So Covid-19 is taking hold, people are acting strange (you can't buy Toilet paper, Tylenol, or bullets around here) and it's general crazy, I cancelled my Running board order due to the uncertainty and wanting to keep as much money as I could stockpiled in case of emergency.

Wife gets a message out of the blue from the local dealership, hey, what can we do to help.
This was very odd as we were looking into what we could do with her Jeep payment, my truck payment, the house payment as with everything that is happening my job is basically dead (I sell alarm systems and NO ONE wants me to come by, understandably), she is now Monday to Friday, kids aren't in school so I am stay at home dad.

We took them up on what they could do, she Now has a 2020 Jeep Cherokee Trailhawk, for literally the same payments as before (ok $12 more) and no payments for 90 days. She had a 2019 Cherokee North that was almost a year and a half old and was a little rough (some parking lot dings, tires with 20k on them that where pretty crappy to begin with, and had gone thru the shop about 3 times for warranty work), she lost 1 features (power lift gate) she liked but gained IMHO a better ride height and a few better creature comforts.

So now they are looking to see about my Truck, they are trying for same bi-weekly payment and 90 days (possible 180 days) no payments.
I made it clear I hunted my warlock down specifically for the specs it had so if I move to a 5th gen it HAS to have the same specs and cost the same. I am not sold on the 5th gen, I like certain things, but I am not sold on other features...and the looks in certain cases...the Rebel and Sport, yeah they look good...the Bighorn and Tradesman look kinda 'blah' IMHO.

Has anyone else had Ram reach out and make offers? Would you trade in your 4th gen for a 5th gen if your payments stayed the same? I am only 6 months in so extending my payments 3 months or 6 months really isn't a big deal.
I assume that they are desperate to keep the sales figures up during this time and are willing to bend over backwards to make a deal.
 
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bmans5

bmans5

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I didn't own my first New vehicle till I was 38 and the only reason I bought it was my Work van's engine exploded in a dramatic fashion and I had to get back working ASAP as no workie, no money.

Before that it was either a clunker A to B car, or something very old I put far too much money into customizing or only a few years old that I put far to much money into making stupid fast.

I would drive them till the wheels fell off, but when I hit 40 I didn't relish playing the game of 'I think it will make it 400km to Kelowna...sure the CV boot is split and she is eatin' a little coolant but she'll make it'.
And sure on a few occasions I inspired myself my Macgyver'ing a fix road side by the light from a lighter at 10pm in -1 weather on the Connector (True store...elastic band, a twist tie and shrink tube), but as I said, hit 40, just want to get in, start it and drive and be damn comfy.


The wife was the same up until the minivan before the Jeep was her first new vehicle, and again only traded it in because it was
A. a minivan
B. a minivan
C. a Dodge Caravan

So the first time it was a pure 'get rid of the minivan trade in', This trade in was purely financial, and mine would be too
 
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bmans5

bmans5

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Nanaimo Chrysler
 

chrisbh17

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My neighbor did something like this (long before the covid thing). "My new payment is only ... more than my old one but I have a brand new truck"

Yes, but you started a brand new loan, too.

No problem as long as you know it. If you had a loan on the original Jeep, the 1.5 years you paid were mostly interest. Now you started that counter over.

Some people do it that way, I never would. To me it's not the payment staying the same, it's the fact that I would be starting over again that I don't like.

As far as the deals in general, they are handing these out in desperation IMHO. There will be much better deals to be had when the covid thing is over.

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wiggy999

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I am considering giving a REALLY low offer on a 2017 SXT..has no km's but has been sitting for years obviously. But...6 -speed,black, 3.92 gears.hmmm. Does have the hemi and a couple of options. Thinking of trying $20,000 Canadian... Worth it? Not sure. Would be via emial, phone etc.. they will deliver it for a test drive.
 

pacofortacos

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I "might" trade in my 4th gen for a 5th gen for the same monthly payment.

Plus side - as my 16 is paid off, getting a new 2020 for $0 monthly would be tempting
Con side - I have the mopar lifetime Maxcare warranty that is no longer sold on my 16., not sure if my hard toneau cover would fit, nice wheels wouldn't fit, other minor mods also done.

Would be a tough call indeed.
 

chrisbh17

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I "might" trade in my 4th gen for a 5th gen for the same monthly payment.

Plus side - as my 16 is paid off, getting a new 2020 for $0 monthly would be tempting
Con side - I have the mopar lifetime Maxcare warranty that is no longer sold on my 16., not sure if my hard toneau cover would fit, nice wheels wouldn't fit, other minor mods also done.

Would be a tough call indeed.

I think Id be happy to have a truck for $0 monthly too :)

They are deferring payments for 90 days....its not like you dont still owe the $$$, they are just letting you wait up to 3 months to start the payback.

GM is doing the same thing, 0% for up to 84 months and I think 120 days to defer.

Honestly 0% was available at times even without a health emergency...the only thing you are gaining right now is the deferral of payments. Which, at 0% interest, saves....I dont think anything.
 

pacofortacos

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My wife gets these mailers for the same thing on her 12 mazda, Come in we have great deals and I am pretty positive that I can get you into a new car for the same monthly payment you currently have!

One of these days, I may take them up on the offer. New car for $0 is my kind of deal :)
 
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bmans5

bmans5

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Well I didn't end up with a New 2020, but a 2019 warlock...exactly like the one I had, Literally, same color, and everything with a few extras (bigger fuel tank, sunroof, bedliner, running boards, ram floor mats, mud flaps, Deezee tailgate assist) for a extra $15 per payment and 3 months deferred payments.

It was a good experience, took a while to make the deal but in the end, I get more features for not much more, I got 3 months of breathing room, and I was only 6 months in so starting over isn't a huge deal. If your On the Island I recommend going and Talking to Nate at Nanaimo Chrysler...good guy.
 

Tach_tech

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My dealer is doing similar things. Pretty much anything they can do to drum up business. Some pretty big discounts going on now. Some people are even getting 0% financing.
 

chrisbh17

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My brother in law found a brand new 2018 (yes, 2018) Jeep Grand Cherokee Limited. No idea how it sat this long, but it had 5 miles on it when he test drove it and put another 10 miles on it.

My guess is that it being a 2018 means it WON'T apply for any of the current incentives. I did tell him to beat them down on price anyway, because its almost 3 model years old at this point.
 

SitKneelBend

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I think Id be happy to have a truck for $0 monthly too :)

They are deferring payments for 90 days....its not like you dont still owe the $$$, they are just letting you wait up to 3 months to start the payback.

GM is doing the same thing, 0% for up to 84 months and I think 120 days to defer.

Honestly 0% was available at times even without a health emergency...the only thing you are gaining right now is the deferral of payments. Which, at 0% interest, saves....I dont think anything.
I got the same deal with deferred payments and 0% in 2014. I believe it's pretty normal when you finance through Chrysler. You typically lose rebates with this offer (they get their interest somehow)...

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bmans5

bmans5

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yeah, they did offer the 0% but you don't get any rebates and then pay full pop for the vehicle, with mine I went from a 6.99 rate to 3.75 so overall it was worth it and as work is ....well I am not....having breathing room helps.

Thankfully the Canadian Government is coming thru, it looks like I will qualify for their assistance so with the wife still working and the government coming thru as much as I will be a stay at home dad making no money, we won't be freaking right out.
My son is 6 and doesn't fully get why he hasn't left the house much in almost 2 weeks...thankfully can get out in the yard and play but I know he just doesn't get why he can't see his friends...but a Dump run in Dad's truck is pretty fun
 

JB1

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Ford dealer in Houston is offering 0% for 84 months and no payments till 2021 on 2020's, Chevy is also 0% for 84 but only 120 days no payments, Ram is also 0% for 84 months no payments 90 days.

Price wars
 

chri5k

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IMHO Deferring payments is a financial mistake. It just puts the buyer further underwater as the asset now has 3 - 6 months of depreciated value yet the amount owed has not decreased. With vehicles, the asset depreciates significantly in the first year which makes the issue worse. If the buyer can afford the payment for the term of the loan, they should start making them on day one.
 

huntergreen

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I "might" trade in my 4th gen for a 5th gen for the same monthly payment.

Plus side - as my 16 is paid off, getting a new 2020 for $0 monthly would be tempting
Con side - I have the mopar lifetime Maxcare warranty that is no longer sold on my 16., not sure if my hard toneau cover would fit, nice wheels wouldn't fit, other minor mods also done.

Would be a tough call indeed.


Not a tough choice for me. I'm not giving up my lifetime warranty. I can mod the he'll out of my truck if it starts to bore me.
 

huntergreen

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IMHO Deferring payments is a financial mistake. It just puts the buyer further underwater as the asset now has 3 - 6 months of depreciated value yet the amount owed has not decreased. With vehicles, the asset depreciates significantly in the first year which makes the issue worse. If the buyer can afford the payment for the term of the loan, they should start making them on day one.


I'm these uncertain times, delaying payments may be a life line for some.
 
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