Deriggs007
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- Jan 13, 2019
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New member here and looking to purchase a Ram 1500 Limited or Laramie Longhorn. I have a 2 part question.... Because I want the Ram Boxes my choices are limited to the 5’7” bed. Trucks with the Ram Box option are few and far between in the Limited and/or Longhorn trims. I know I could order but I’m interested in taking advantage of the Ram/ Chrysler 72 month zero interest and 90 day deferred payment promotion going on until 31 Jan.
To make a long story short, I found a 1500 Limited with eTorque, Ram Boxes and most of the other options I wanted. The numbers are below, first for financing without the zero interest and then with the zero interest where I will lose some incentives/discounts.
MSRP: $69,950
Selling price with all discounts/incentives: $57,658 (I don’t have the breakdown of how they got to this number)
License Fee: $68.75
Dealer Processing Fee: $699
Destination Fee: $1695 (this seems to be standard)
VA Sales Tax: $2578.05
Out the Door Price: $62698.80
From reading the posts here this seems like a fair to good deal?
Now, if I want to use the 72 month zero financing option I lose the incentives/discounts and they add $2610 (2500 + 110 in taxes = $2610) to the OTD price....
OTD price with 72 month, 0 percent: $65308
They found a Ram rebate for $500 plus another $300 dealer discount...
Final OTD with zero financing is: $64500
I know this is a lot higher than others seem to be paying but with the $5K or so in financing saving I figure it’s still a good deal?
2nd part of my questions deals with all the extras they are trying to sell me....
Ram Advantage/Max Care Extended Warranty - 6 year/100K mile: $4995
Gap Insurance: $895
Ram 6 year/60K Maintenance Plan: $1610
Tire/Wheel Package - 4 yrs Unlimited miles: $765
ECP (inside & outside appearance plan) - 7 yrs: $1995
I’m sure all these prices are high to very high. I know I can get an actual Ram extended warranty online for much less, and maybe the tire/wheel plan also? Can you get the other plans online for less also?
My main concern would be getting the Gap coverage since I would be financing above the cash OTD price but $895 seems high. My other thought is that the maintenance plan might be worth it if it covers the big services (30K & 60K) Plus all the services in-between.....thoughts?
Thanks for any thoughts/comments in advance as I need to make a decision soon before the truck with the Ram Boxes and zero interest financing are gone.....
My first look is at the price of the vehicle. Never negotiate financing until you have finalized the price of the truck. If they didn't break something down, ask them to break it down. If they don't, then just walk.
Standard discounts on a limited plan is $10K or more off MSRP, that should put you right at the $58K mark alone. Add in the $1250 rebate + any other rebate you qualify for and you SHOULD take off another $1000-$2000. That's when you can then negotiate your financing options to sweeten the deal further.
Never buy any of the options. Most of the dealers are throwing in 3 year service plans for free as supposedly they get incentive from RAM to do it. You can typically negotiate those into the price of the vehicle because it costs the dealership pennies to actually do it.