What was your interest rate when you financed your new ram?

[frstang]

If you’ve got (or can join) a credit union, that’s a good place to start. Or check resources such as Nerd Wallet.

I got 4% going through NFCU. To get rebates and incentives from Ram. I could have financed through Ram at 4.9% with incentives, but to get 0% for 72 months you didn't get any rebates or incentives.

 

[c3k]

2 purchases:
In 2021 I gave up $500 in incentives for 0% over...7 years (?).
In 2022 I gave up $1,000 in incentives for 0% for 5 years.

Both loans were right about $25,000. I'll let the advanced ROI whizzes figure out what my APR was (and, yes, please include inflation...because that's what I did when I decided to borrow money at 0%.)

 

[frstang]

2 purchases:
In 2021 I gave up $500 in incentives for 0% over...7 years (?).
In 2022 I gave up $1,000 in incentives for 0% for 5 years.

Both loans were right about $25,000. I'll let the advanced ROI whizzes figure out what my APR was (and, yes, please include inflation...because that's what I did when I decided to borrow money at 0%.)

The challenge is trying to figure out which one is worth it. At 4% on $25k, which was my OTD, I will probably pay around $1200 in interest if I go the whole term of 48 months. If I pay it off early, I will probably have around $500 in interest. Considering I was able to get $3k in incentives along with a good rate, it was a no brainer for me. I know I typically go for the 0% apr, but there are cases where it makes more sense for me to just pay the interest, and pay off the loan early.