Dealerships running amazing deals?

[CVX20]

While there does seem to be some good deals out there, getting the 0% for 84 months seems to kill all other incentives. I'm trying to decide if I really need 4x4, I've never really needed it but it would be nice to have but the deals seem to be on the 4x2's. Thoughts?
How usable is the rear seat in the quad cab?

2WD's are cheap but resale/trade-in is also low.

 

[Graygoose]

While there does seem to be some good deals out there, getting the 0% for 84 months seems to kill all other incentives. I'm trying to decide if I really need 4x4, I've never really needed it but it would be nice to have but the deals seem to be on the 4x2's. Thoughts?
How usable is the rear seat in the quad cab?

Ive had two 4x2s, like one below.
I haven't had issues on resale, but I never needed the 4x4, so didn't see the need to pay for it personally.

 

[mikeru]

While there does seem to be some good deals out there, getting the 0% for 84 months seems to kill all other incentives. I'm trying to decide if I really need 4x4, I've never really needed it but it would be nice to have but the deals seem to be on the 4x2's. Thoughts?
How usable is the rear seat in the quad cab?

If you don't need it, and will never use it, there's no real reason to get 4x4 except for resale value. The return you get for that will depend on how long you keep the truck. Obviously, the longer you keep it, the less return you will see on paying the extra $$ for it. You'll also get better fuel economy with 4x2.

The rear seats in the quad cab are fine for kids or small adults. Larger people can sit back there for shorter trips, but it wouldn't be comfortable for a long drive IMO.

 

[NorthStar1]

I picked up a 2020 Bighorn last Tuesday (31st) and got 27% off MSRP. I did mine phone, text and internet also. They did spray it down with some disinfectant, took away the new car smell.

Screw that! That new car smell is worth a good $10,000 in depreciation the first year.

(This isn’t a slam for getting a loan on your truck. I have one too and just refinanced my 2019 Ram at 2.89% for 60 months. All I was doing was poking fun at the fact you don’t have that new car smell after the “spray.” Feel bad folks have to endure that with a new truck but is the times we live in. I’ve paid a heck of a lot more for that new car smell over the smell of cigarettes, spilled beer and ass.)

 

[Kenneth Andrews]

Bet the new smell comes back.

 

[condor767]

I wish some people here would stop judging others for taking out loans instead of paying cash, or vs versa.

Not everyone has a cool 50 grand lying around to plunk down on a new truck. Conversely, not everyone here wants to take out a loan and pay way more over the course of 84 months.

Different horses for different courses. I perfectly understand the argument of taking out a 0 percent loan and using the extra cash to invest in the market, or similar. And I also understand the Dave Ramsey method of not taking on extra debt if you can’t pay it with cash today.

How about we just enjoy each other’s Rams no matter how we purchased them!

Disclaimer.. I got my 2019 Bighorn for $38,700 before TTL off of a $52,900 MSRP last October.
Financed at 60 months at 3.99% and couldn’t be happier.

Cheers y’all

 

[David776895]

Bet the new smell comes back.

It did a few days later !

 

[tidefan1967]

I wish some people here would stop judging others for taking out loans instead of paying cash, or vs versa.

Not everyone has a cool 50 grand lying around to plunk down on a new truck. Conversely, not everyone here wants to take out a loan and pay way more over the course of 84 months.

Different horses for different courses. I perfectly understand the argument of taking out a 0 percent loan and using the extra cash to invest in the market, or similar. And I also understand the Dave Ramsey method of not taking on extra debt if you can’t pay it with cash today.

How about we just enjoy each other’s Rams no matter how we purchased them!

Disclaimer.. I got my 2019 Bighorn for $38,700 before TTL off of a $52,900 MSRP last October.
Financed at 60 months at 3.99% and couldn’t be happier.

Cheers y’all

Best comment of the bunch! I would never pay cash for a vehicle with interest rates that are damn near zero. Unless you have hundreds of thousands of dollars in the bank you would be a fool to tie up that kind of money in a car. If times get really bad you can always give the car back and you still have your money in the bank. Credit score be damned. You have to live for right now as well as the future. You might be dead tomorrow so live a little. I've seen far too many people scrimp and save only buying what they needed, when they could pay cash for it, die prematurely only to have someone else **** all that money away after they were dead.
So enjoy life and if you want a new truck and find a good deal go for it because you only go around once!

 

[Kenneth Andrews]

I wish some people here would stop judging others for taking out loans instead of paying cash, or vs versa.

Not everyone has a cool 50 grand lying around to plunk down on a new truck. Conversely, not everyone here wants to take out a loan and pay way more over the course of 84 months.

Different horses for different courses. I perfectly understand the argument of taking out a 0 percent loan and using the extra cash to invest in the market, or similar. And I also understand the Dave Ramsey method of not taking on extra debt if you can’t pay it with cash today.

How about we just enjoy each other’s Rams no matter how we purchased them!

Disclaimer.. I got my 2019 Bighorn for $38,700 before TTL off of a $52,900 MSRP last October.
Financed at 60 months at 3.99% and couldn’t be happier.

Cheers y’all

I missed the judgement post. Which one was it?

In fact, in order to maximize incentives, I had to borrow from the dealer. It would have cost me 3k more to pay cash. AZ has a no pre-payment penalty law so I can refinance or pay off on the first payment if I want and still keep my incentive. So maybe cash vs loan is not judging, just good bargaining?

 

[Graygoose]

I missed the judgement post. Which one was it?

In fact, in order to maximize incentives, I had to borrow from the dealer. It would have cost me 3k more to pay cash. AZ has a no pre-payment penalty law so I can refinance or pay off on the first payment if I want and still keep my incentive. So maybe cash vs loan is not judging, just good bargaining?

post #22 is maybe what they are referring.

 

[John Jensen]

AZ has a no pre-payment penalty law so I can refinance or pay off on the first payment if I want and still keep my incentive.

That incentive requires you to keep the loan for x months. Didn't you agree to that?

 

[Kenneth Andrews]

That incentive requires you to keep the loan for x months. Didn't you agree to that?

No prepayment penalty in AZ. Taking the incentive back is a prepayment penalty.

 

[chrisbh17]

No prepayment penalty in AZ. Taking the incentive back is a prepayment penalty.

Not sure if its a per state thing or what, I just made sure to read all of the fine print when I signed my loan. Same deal here in CT: no pre-payment penalty, no "asterisk" about having to keep it open for a certain amount of time, etc.

My dealer TOLD me I had to keep it open for 6 months (and 3 months, and a year, depending on who I asked ....) but the reality is they say it to make sure they dont lose any of the kickback they get for opening a new loan.

If they were more transparent about it (I asked the specific question to 3 people and got 3 different answers), I might have kept it open for a bit, but they were not, so I did not.

 

[bryan28]

You can pay them off the next day if there is no prepayment penalty. Like chrisbh17 stated they tell you 6 months before paying it off so they don't lose their incentive for opening a loan.

 

[John Jensen]

I understand loans and prepayment clauses. My question was what did you agree to do.

What I am hearing is no one agreed to any terms when receiving the incentive for creating a loan with Chrysler.

Simply said it was merely, just create the loan and receive x number of dollars off the price of the vehicle.

I find that hard to believe.

 

[chrisbh17]

I understand loans and prepayment clauses. My question was what did you agree to do.

What I am hearing is no one agreed to any terms when receiving the incentive for creating a loan with Chrysler.

Simply said it was merely, just create the loan and receive x number of dollars off the price of the vehicle.

I find that hard to believe.

My dad bought a Magnum back in 2005 and got the same deal....$1500 cash back for opening the loan with them, no term requirements. He paid it off the next week with a re-fi check from a credit union with a much better rate.

I only got $500.00 off my truck for doing it, but I did the same thing. Once the account was closed, title was sent to me in the mail and that was that.

 

[Neil E]

Deals are definitely to be had out there, I'm picking (or having delivered) a new 2019 Challenger SXT that's stickered for $29785, and I paid just under $22000.

Sure it's a base model, but my wife likes it, and now she has a Mopar.

 

[Kenneth Andrews]

Ok, time to get legal (happen to be a lawyer). I will try to keep it simple.

I have a retail installment sales contract for 5 years at about 6%. It’s slightly different than a purchase agreement and a loan where the two are combined. The laws are different concerning them, even though to most people they seem the same.

My agreement states “rebate(s)” for 6k. The rebates are not otherwise more specifically defined in the agreement.

Both in the front of the agreement and on the back there is a clause that says there is no prepayment penalty.

There is both a merger and integration clause that invokes something known as the parol evidence rule. What that means is there is no agreement outside the written contract. What was said or promised or agreed to in conversation, text, email advertising etc is irrelevant unless it’s written down in the agreement.

So if they said I had to hold the loan for 6 months and I said ok, I would not have to because it’s not written in the agreement. Conversely, if they promised me 0% financing and they gave me 6% I would be stuck (this actually happened to me).

I could literally have driven off the lot, walked back in and handed them a check.

Instead I just dropped a check in the mail as soon as I got my Chrysler loan number.

One more point. Let’s say that retail installment agreement said I had to pay back my loan rebate if prepaid my loan before six months. That would be against AZ law and would be a void provision. So it wouldn’t matter anyway.

Back in 2005 I did the same thing.

So I challenge anyone to show me one of these agreements that says we must give our rebates back. My guess is they don’t exist.

 

[LugsLeadOut84]

This is the dealer I've used for years. 2 RAM's for me and 2 Jeeps for my wife. They are always very aggressive and typically do not employ not slimy sales people.
https://www.westburyjeep.com/long-island/ram-trucks/ram-1500.htm

 

[RamClassic LI]

This is the dealer I've used for years. 2 RAM's for me and 2 Jeeps for my wife. They are always very aggressive and typically do not employ not slimy sales people.
https://www.westburyjeep.com/long-island/ram-trucks/ram-1500.htm

I agree I leased my Ram and purchased my wifes Grand Cherokee from Westbury Jeep. My family purchased multiple vehicles from them because of what was mentioned above.