Price negotiated from MSRP

[NewLove]

Can someone explain refinancing to me?.. Is taking a $1000 rebate worth it going with Chrysler Cap then refinancing?.. When you refinance, are you getting used car rates or new car?


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[SDRebel2021]

Can someone explain refinancing to me?.. Is taking a $1000 rebate worth it going with Chrysler Cap then refinancing?.. When you refinance, are you getting used car rates or new car?


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What interest rate is Chrysler Capital charging you?

 

[NewLove]

What interest rate is Chrysler Capital charging you?

5.9 for 72


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[SDRebel2021]

5.9 for 72


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If you can get lower financing elsewhere, then do it and forget about the $1,000 rebate. I was able to lock in 2.29% for 72 months.

 

[HellaHarry]

Can someone explain refinancing to me?.. Is taking a $1000 rebate worth it going with Chrysler Cap then refinancing?.. When you refinance, are you getting used car rates or new car?


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This is a great question and I was wondering the same. I did read this for qualifying for a new car note:
Must be prior, current or upcoming year model with 10,000 miles or less

That said, still unsure about the associated fees to set up the initial loan or to transfer it to a new lender.

 

[The Critic]

If you can get lower financing elsewhere, then do it and forget about the $1,000 rebate. I was able to lock in 2.29% for 72 months.

Where? Best I can find is 2.74 for 60 months.

Chrysler’s rate was 5-6% for me. I am only holding onto the Chrysler loan long enough for the DMV registration to come in the mail.

 

[NewLove]

If you can get lower financing elsewhere, then do it and forget about the $1,000 rebate. I was able to lock in 2.29% for 72 months.

Yes. I can get 3.5 for 72 elsewhere.. but I will lose out on the rebate. I don’t think the rebate is worth it. Agree?


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[HellaHarry]

If you can get lower financing elsewhere, then do it and forget about the $1,000 rebate. I was able to lock in 2.29% for 72 months.

But why not take the 1,000 then refi? Are the costs to do that more than 1,000. On the Bog Horn, I was told $1,500 of the rebates were contingent on FCA financing. On the Laramie, they are saying 500 is.

 

[HellaHarry]

Not too shabby. I would also give Carvana a chance. They were able to beat Carmax by $2,600 on my Jeep.

Wow, that's unreal. I will def check them out.

 

[The Critic]

Yes. I can get 3.5 for 72 elsewhere.. but I will lose out on the rebate. I don’t think the rebate is worth it. Agree?


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Take the higher interest rate loan and re-fi once the DMV registration arrives. There is no penalty for early pay off.

 

[NewLove]

This is a great question and I was wondering the same. I did read this for qualifying for a new car note:
Must be prior, current or upcoming year model with 10,000 miles or less

That said, still unsure about the associated fees to set up the initial loan or to transfer it to a new lender.

I hear you. I read that people refinance but makes me think how it’s worth it??


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[HellaHarry]

I agree. This way you can can go back if you ever have issues with the liner. Only prob is the dealer isn’t paying $500 for that.

@HellaHarry
-$5472 dealer discount is OK.
Doc fee sort of high but it is what it is
I’d take your trade to CarMax and get the $8k remove it from the deal.
Maybe when you tell dealer that they will come up more on it. Say they need to beat CarMax by $500.
They can’t lie on the rebates. They put your zip in and FCA prints it out.
you can call FCA if you want to confirm.

good luck!

So on the deal for the Big Horn he also put in a 500 rebate because I am buying it under a business name. He said that was available on the Laramie but when I asked for the list of rebates I qualify for, it wasn't on the list.

 

[SDRebel2021]

Take the higher interest rate loan and re-fi once the DMV registration arrives. There is no penalty for early pay off.

What he said. Take the $1000 rebate and then refinance at the lower rate. You will pay less interest over the course of the loan saving a ton of money.

 

[SDRebel2021]

I hear you. I read that people refinance but makes me think how it’s worth it??


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Because you save a lot of money over the course of the loan with the lower interest rate. When you send in your payment every month, more goes towards paying down the principal than going in the bank's pocket.

 

[NewLove]

But why not just take the lower rate from the beginning?


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[The Critic]

But why not just take the lower rate from the beginning?


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Because financing outside of Chrysler capital will not allow you to take advantage of all rebates.

 

[SDRebel2021]

But why not just take the lower rate from the beginning?


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You can. But you will leave $1000 on the table.

 

[NewLove]

But why not just take the lower rate from the beginning?


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Losing out on the $1000 rebate yes, but payment is still lower, and saving about 2k over the length of the loan still.


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[NewLove]

You can. But you will leave $1000 on the table.

Yes but the 3.5 @ 72 from outside FCU is still lower monthly payment and 2k savings over the length of loan.


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[The Critic]

Yes but the 3.5 @ 72 from outside FCU is still lower monthly payment and 2k savings over the length of loan.


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??

Finance at the higher rate with Chrysler. Get all rebates. Find yourself a better rate outside, should be able to find under 3%. Re-finance within 30-60 days.