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S Davis

Western WA

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Posted: 09/28/19 12:34pm Link  |  Quote  |  Print  |  Notify Moderator

For anyone that has purchased a new truck recently, what kind of interest rates are you being offered? I know it will vary depending on credit score, I am trying to negotiate a new truck.

I was offered 6.99% at which point I told the salesman that was not going to happen, he said hold on I will see if I can get lower. He called back about 10 minutes later offering 4.99%, I told him that was higher than I wanted to go and I would think about it.

I got a call on the answering machine this morning from the manager to call him back. Letting him stew for a bit.

Yosemite Sam1

Under the pines.

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Posted: 09/28/19 12:47pm Link  |  Quote  |  Print  |  Notify Moderator

S Davis wrote:

For anyone that has purchased a new truck recently, what kind of interest rates are you being offered? I know it will vary depending on credit score, I am trying to negotiate a new truck.

I was offered 6.99% at which point I told the salesman that was not going to happen, he said hold on I will see if I can get lower. He called back about 10 minutes later offering 4.99%, I told him that was higher than I wanted to go and I would think about it.

I got a call on the answering machine this morning from the manager to call him back. Letting him stew for a bit.


Let us know how it will turn out.

If you have been able to hold on bit, the final quarter is the time when dealers are trying to dispose off their 2019 inventories and would even give it at zero interest.

vermilye

Oswego, NY, USA

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Posted: 09/28/19 12:50pm Link  |  Quote  |  Print  |  Notify Moderator

It also depends on the particular truck, year & model. I'm paying 2.49% on a 2018 F 150 purchased July, 18 through my credit union. Dealer got down to 3.2% after some discussion...


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SidecarFlip

SE Michigan

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Posted: 09/28/19 12:51pm Link  |  Quote  |  Print  |  Notify Moderator

With banks paying .5% on savings accounts all I'm gonna go is 1%.

I just bought a new farm tractor 2 weeks ago and got 0% financing with 0 down for 56 months. Vehicles can do the same as well but I'll give them 1% max.


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Groover

Pulaski, TN

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Posted: 09/28/19 12:57pm Link  |  Quote  |  Print  |  Notify Moderator

My credit union is advertising 3.39% on a 5 year auto loan.

S Davis

Western WA

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Posted: 09/28/19 01:07pm Link  |  Quote  |  Print  |  Notify Moderator

I got them to just under $12,000.00 off MSRP on a 2019 3500HD CCLB LTZ , Dual alternators, gooseneck/ fifth wheel wiring and bed mounts installed. They offered $25,000 for my current truck and I got them up to $27,000 for a 2013 2500HD CCSB LT with 115,000 miles on it. The rebates end on Monday, but I don't have to buy this truck so seeing what I can get them down to.

4x4ord

Alberta

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Posted: 09/28/19 01:59pm Link  |  Quote  |  Print  |  Notify Moderator

If you truly find your best cash price and then talk financing they start tacking on additional fees and the interest rate offered is not very attractive. I always ask but I think the only time I ended up borrowing money for a truck was in 1993.... I probably shouldn't have bought that truck because back then paying cash was not an option for me.

* This post was edited 09/28/19 02:17pm by 4x4ord *


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wowens79

Georgia

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Posted: 09/28/19 02:28pm Link  |  Quote  |  Print  |  Notify Moderator

That 2013 has tons of life left in it, and is probably paid for. Take what ever you payment was and have direct deposited into a truck savings account for another 5+ years. Then you never have to worry about interest rates again.

I did that when I paid off my 2002 Chevy in 2006. Now I can't bring myself to let go of the cash to buy a new one. ??


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camp-n-family

London, Ontario

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Posted: 09/28/19 02:58pm Link  |  Quote  |  Print  |  Notify Moderator

Custom ordered mine and still got 0% financing. Crazy thing is it’s not through FCA it was through the bank of my choice and Ram (or the dealer?) is paying the banks interest rate for the term. I’m in no rush to pay it off.


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spoon059

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Posted: 09/28/19 03:37pm Link  |  Quote  |  Print  |  Notify Moderator

Bought our minivan last week a 1.99% through the credit union. They advertised at 2.74%, but with my credit score and direct deposit that went down .75%.

When we bought our truck, the dealer beat the credit union. When we bought the van, the dealer said he knew he couldn't beat that rate and didn't even bother to try to upsell us.


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