OMW2SKI
Senior Member
Hi all. New to posting in this forum, but I've been lurking for a few months. I bought my Ram about 2.5 months ago. I traded in a Nissan Frontier. Over at the Frontier forums, there was a thread called "What did you pay for your truck at the dealership?" I didn't see a similar thread over here, so I thought I would start one... It's especially helpful to members shopping for a new truck. Please post the following details:
Mo/Yr purchased:
Buy or lease:
Cash or financed:
Model year:
Model:
Trim:
Cab:
Engine:
Drive:
Transmission:
Other options:
MSRP:
Lease payment, term and down payment (if applicable):
Residual (if applicable):
Interest rate or money factor:
Total price paid including fees, minus taxes:
Percent discounted off MSRP:
Anything else applicable:
Ok, I'll go first.
Mo/Yr purchased: July 2018
Buy or lease: Lease
Cash or finance: Finance
Model year: 2018
Model: 1500
Trim: Big Horn
Cab: Crew Cab
Engine: 5.7L Hemi
Drive: 4WD
Transmission: 8-speed with 3.92 gears
Other options: 32 gallon fuel tank, trailer break control, locking lug nuts. Dealer added MOPAR all-weather mats and a spray in bed liner at no additional cost.
MSRP: $48,135
Lease payment, term and down payment (if applicable): $328.01 X 360 months $0 down payment
Residual: $23,454.80
Interest rate or money factor: 3.72% or .00155
Total price paid including fees, minus taxes: $34,844.71
Percent discounted off MSRP: 27.61%
Anything else applicable: My monthly payment, and therefore total price, includes taxes and interest on the lease portion. For me, the lease was a cheap way to get into the truck. I will exceed the allotted mileage and therefore plan on purchasing at the end of the lease. In fact, I already purchased a Lifetime Maxcare plan : ) I used an annuity calculator to back the interest out of the lease so that I could determine a total price without interest. Even if I had bought (rather than leased) the truck, I would have financed. Here are some calculators I used: https://www.omnicalculator.com/business/discount and http://www.moneychimp.com/calculator/present_value_annuity_calculator.htm.
Mo/Yr purchased:
Buy or lease:
Cash or financed:
Model year:
Model:
Trim:
Cab:
Engine:
Drive:
Transmission:
Other options:
MSRP:
Lease payment, term and down payment (if applicable):
Residual (if applicable):
Interest rate or money factor:
Total price paid including fees, minus taxes:
Percent discounted off MSRP:
Anything else applicable:
Ok, I'll go first.
Mo/Yr purchased: July 2018
Buy or lease: Lease
Cash or finance: Finance
Model year: 2018
Model: 1500
Trim: Big Horn
Cab: Crew Cab
Engine: 5.7L Hemi
Drive: 4WD
Transmission: 8-speed with 3.92 gears
Other options: 32 gallon fuel tank, trailer break control, locking lug nuts. Dealer added MOPAR all-weather mats and a spray in bed liner at no additional cost.
MSRP: $48,135
Lease payment, term and down payment (if applicable): $328.01 X 360 months $0 down payment
Residual: $23,454.80
Interest rate or money factor: 3.72% or .00155
Total price paid including fees, minus taxes: $34,844.71
Percent discounted off MSRP: 27.61%
Anything else applicable: My monthly payment, and therefore total price, includes taxes and interest on the lease portion. For me, the lease was a cheap way to get into the truck. I will exceed the allotted mileage and therefore plan on purchasing at the end of the lease. In fact, I already purchased a Lifetime Maxcare plan : ) I used an annuity calculator to back the interest out of the lease so that I could determine a total price without interest. Even if I had bought (rather than leased) the truck, I would have financed. Here are some calculators I used: https://www.omnicalculator.com/business/discount and http://www.moneychimp.com/calculator/present_value_annuity_calculator.htm.
