I'm out!

turkeybird56 · Dec 17, 2022

ThunderMug95 said:
That’s spendy! I tried the Fahren H11/9005. I have to say I am impressed with the pattern. The build quality is good as well.

U be one of the smarter PPL and put them in correctly and insured proper orientation. I cannot tell you the amount of times I have been blinded by "idjuts" that throw LED bulbs in Halogen housings and have no idea ref Light Orientation, Beam Pattern, etc.

06 Dodge · Dec 17, 2022

Zorin said:
OK, folks.....I tried.

I zeroed in on two trucks. Both were 2019 Ram 1500 Laramies, both with 5.7 Hemi and 4x4, both with panoramic roof and 12" Uconnect. One was Delmonico over silver two tone, the other was solid Delmonico with the 4x4 Off Road Group, and both were in the low 20's on the mileage.

I had hammered out excellent deals on both trucks, but the interest rate took me out of the game. I have over an 800 score, and the BEST I could get was 7.02%.

Sorry, but with that credit score, I'm simply not doing it. My F150 still runs very well, so we'll keep trucking till the rates come back down. Regardless, I DO plan to buy one at some point, so I'll hang around if you don't mind.

TimView attachment 509206 View attachment 509207

Wow my credit union in Iowa is 6.25% for 69 months for 2019 model year, it drops to 5.8% for 2021 up...

huntergreen · Dec 17, 2022

I wouldn’t pay those rates either.

PoMansRam · Dec 17, 2022

Just a matter of weeks back, most credit unions in my area offered ~4% for late model used up to 60 months.

That's nuts if they're almost double that now.

Yardbird · Dec 17, 2022

huntergreen said:
I wouldn’t pay those rates either.

I wouldn't right now either. In a couple of years, or less, that may look like a bargain.

I remember the 70's and 80's very well, and the up to 29% interest rates. Many people weren't alive then, but I remember when a 12% home loan was a real score.

I got a home loan for 10% in 1984, and thought I had struck the lottery. The plan now is to stop the rate hikes in the mid 5's, but, that very well may not happen.

I never thought gas would be $3 plus a gallon when I was pumping regular for 28.9 cents per gallon either.

In fact, within two years gas was 60 cents and climbing every day.

I remember as a kid seeing gas from 17 to 19 cents per gallon during gas wars between stations.

Yes, I know....I'm old.... You will be some day too, if you live long enough, and you will be telling your "old days" stories...lol

JCE · Dec 17, 2022

Zorin said:
I have over an 800 score, and the BEST I could get was 7.02%.

That is a really crummy rate even with today’s high rates. I just had a 2019 RAM 2500 Laramie 84/mo loan for ~5% APR and I’m also in tier 1+ credit rating. Did you bring in you own financing or are you relying on the dealer? The dealers are scalpers so never let them handle your credit...ever.

Irishthreeper · Dec 17, 2022

Just checked Navy Federal CU on line and their late model used interest rate are about 4.5, 36-60 months. I’m sure there are similar deals out there somewhere.

JCE · Dec 17, 2022

If we went with a 60/mo loan our rate would of been 3.9%. We are going to refi once the rates are back down when ever that is. Helps that we put a huge down payment on it.

huntergreen · Dec 17, 2022

Yardbird said:
I wouldn't right now either. In a couple of years, or less, that may look like a bargain.

I remember the 70's and 80's very well, and the up to 29% interest rates. Many people weren't alive then, but I remember when a 12% home loan was a real score.

I got a home loan for 10% in 1984, and thought I had struck the lottery. The plan now is to stop the rate hikes in the mid 5's, but, that very well may not happen.

I never thought gas would be $3 plus a gallon when I was pumping regular for 28.9 cents per gallon either.

In fact, within two years gas was 60 cents and climbing every day.

I remember as a kid seeing gas from 17 to 19 cents per gallon during gas wars between stations.

Yes, I know....I'm old.... You will be some day too, if you live long enough, and you will be telling your "old days" stories...lol

I’m old to. Lol I got our first house at right around 12% in 1983. I remember Gerry ford put a ten cent per gallon fed tax as an anti inflationary tool. Worked well didn’t it .

Zorin · Dec 17, 2022

JCE said:
That is a really crummy rate even with today’s high rates. I just had a 2019 RAM 2500 Laramie 84/mo loan for ~5% APR and I’m also in tier 1+ credit rating. Did you bring in you own financing or are you relying on the dealer? The dealers are scalpers so never let them handle your credit...ever.

Actually, I tried it both ways. In this case, the dealer was cheaper. I have a VERY long relationship with Capital One, and decided I would try them for auto financing. They quoted me 9.1%.

And that's the thanks I get for never missing a payment in our 18 year history.

Kap1 · Dec 18, 2022

If your current truck drives just fine and doesn't give you any trouble then why get a new truck?

JCE · Dec 18, 2022

Zorin said:
Actually, I tried it both ways. In this case, the dealer was cheaper. I have a VERY long relationship with Capital One, and decided I would try them for auto financing. They quoted me 9.1%.

And that's the thanks I get for never missing a payment in our 18 year history.

Man that is insane. Wish I had another option... That’s just insane.

GTyankee · Dec 18, 2022

I wanted to buy at least one more truck, i am 78
I don't want an EV, but i want something that has enough speed to cross Texas quickly.
I really want an eco-diesel but they will stop building them either this month or in January.
Possibly they will begin putting that new engine in Rams in 2023 ?

My current Ram runs out of the extended warranty next month, so hopefully i don't have any costly issues until i have more choices

Huliodude · Dec 18, 2022

Zorin said:
OK, folks.....I tried.

I zeroed in on two trucks. Both were 2019 Ram 1500 Laramies, both with 5.7 Hemi and 4x4, both with panoramic roof and 12" Uconnect. One was Delmonico over silver two tone, the other was solid Delmonico with the 4x4 Off Road Group, and both were in the low 20's on the mileage.

I had hammered out excellent deals on both trucks, but the interest rate took me out of the game. I have over an 800 score, and the BEST I could get was 7.02%.

Sorry, but with that credit score, I'm simply not doing it. My F150 still runs very well, so we'll keep trucking till the rates come back down. Regardless, I DO plan to buy one at some point, so I'll hang around if you don't mind.

Tim

Those are nice looking trucks Zorin. However I personally wouldn’t let interest rates affect your decision to buy unless you simply can’t afford the payment. The crazy low interest rates we’ve gotten used to were caused by government reaction to covid, the likes of which we’ve never seen before, and may not ever see again. You may be waiting a lifetime for rates to go back down to where they’ve been.

Either pay cash for what you’re buying, or accept the price for the service of borrowing the money (interest rate), or buy nothing. I decided life is too short to drive a car I wasn’t enjoying, and gave up a loan at under 4% to get back into a new Ram at 6.58%. Hated doing it, but I’m much happier with what I’m driving now, and that alone is worth it.

coobie · Dec 18, 2022

Zorin said:
OK, folks.....I tried.

I zeroed in on two trucks. Both were 2019 Ram 1500 Laramies, both with 5.7 Hemi and 4x4, both with panoramic roof and 12" Uconnect. One was Delmonico over silver two tone, the other was solid Delmonico with the 4x4 Off Road Group, and both were in the low 20's on the mileage.

I had hammered out excellent deals on both trucks, but the interest rate took me out of the game. I have over an 800 score, and the BEST I could get was 7.02%.

Sorry, but with that credit score, I'm simply not doing it. My F150 still runs very well, so we'll keep trucking till the rates come back down. Regardless, I DO plan to buy one at some point, so I'll hang around if you don't mind.

TimView attachment 509206 View attachment 509207

Hate to say it if you're waiting for interest rates to come down to buy a new truck you will be waiting a LONGGG time.Back in 1980 interest rates were 14% to purchase a home with good credit.That lasted into the 1990,s..

ThunderMug95 · Dec 18, 2022

JCE said:
Man that is insane. Wish I had another option... That’s just insane.

Same here with Capital One, i financed my RAM through them, but we are talking about in 2018 and the world was a different place then….I’d love to have a 5th Gen, but no way nowadays.

Zorin · Dec 18, 2022

Kap1 said:
If your current truck drives just fine and doesn't give you any trouble then why get a new truck?

Honestly, because I have not had a new-ish vehicle since I bought my 1995 Grand Cherokee, which I still have, LOL. Every car has been bought cheap, and repaired, including my 2009 F150.

I'm going to be 50 soon, I just kinda wanted to treat myself, but I didn't want to go broke doing it.

Totally more a want than a need, but I figured I'd take a stab at it nonetheless.

Tim

Zorin · Dec 18, 2022

Huliodude said:
Those are nice looking trucks Zorin. However I personally wouldn’t let interest rates affect your decision to buy unless you simply can’t afford the payment. The crazy low interest rates we’ve gotten used to were caused by government reaction to covid, the likes of which we’ve never seen before, and may not ever see again. You may be waiting a lifetime for rates to go back down to where they’ve been.

Either pay cash for what you’re buying, or accept the price for the service of borrowing the money (interest rate), or buy nothing. I decided life is too short to drive a car I wasn’t enjoying, and gave up a loan at under 4% to get back into a new Ram at 6.58%. Hated doing it, but I’m much happier with what I’m driving now, and that alone is worth it.

Thanks for the compliment! I like to think I can pick a winner. But, I get where you are coming from, and it's a valid point.

If I was single with no kids, I'd definitely say we're all in. But the decisions I make has ramifications for the entire family, so I have to think a little harder. Can I afford it? Sure! SHOULD I? Ehhhhh, that's where we have a gray area! At this point, my kids are sacrificing things, and so is my wife. That's not very fair to them when I don't have to have this.

One place I consider myself lucky.....I can always pull the F150 into the garage and make modifications to make it suit me!

Zorin · Dec 18, 2022

coobie said:
Hate to say it if you're waiting for interest rates to come down to buy a new truck you will be waiting a LONGGG time.Back in 1980 interest rates were 14% to purchase a home with good credit.That lasted into the 1990,s..

I considered that, but you also have to remember - houses cost WAY less in that day.

If I can buy a truck super right, then I can always refinance later.

Stavinksi · Dec 18, 2022

JCE said:
That is a really crummy rate even with today’s high rates. I just had a 2019 RAM 2500 Laramie 84/mo loan for ~5% APR and I’m also in tier 1+ credit rating. Did you bring in you own financing or are you relying on the dealer? The dealers are scalpers so never let them handle your credit...ever.

Certainly there are some dealers looking for additional markup on credit but let’s be real here, ever? Not even if you are using Chrysler incentive financing at 0%?

I'm out!

Military Vet 1976-1996 Retired US Army

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