Finance Charges

BestTime

TRX Member
Founding Member
Joined
Sep 4, 2020
Messages
48
Reaction score
50
Location
Dallas, TX
Since most of us are looking to finance our purchase, what are the best rates are you finding out there?
 

SportyJames

TRX Fiend
Founding Member
Joined
Aug 18, 2020
Messages
495
Reaction score
1,088
Location
Hurricane Alley TX
Current Ride
RAM 1500 Sport 4x4
Current Ride #2
Challenger SP WB, Jeep GC Limited X
I always use USAA and they are at 2.79

@Nitro thanks for that I will give them a call.
 
Last edited:

CRS2879

TRX Fan
Founding Member
Joined
Aug 21, 2020
Messages
84
Reaction score
70
Location
Birmingham, AL, USA
Current Ride
2017 F-250 Lariat FX4
Current Ride #2
2015 Mustang GT (Supercharged)
miltary
Army
My go-to CU's rates today:
2% x 48
2.4% x 63
2.95% x 75
3.75% x 84
 
  • Like
Reactions: Cos

KnightMare

Moderator
Staff member
Founding Member
Joined
Aug 18, 2020
Messages
2,508
Reaction score
5,752
Location
North Carolina
Current Ride
'21 Outlander XMR, '19 Sprinter 144, '19 Accord, '18 ZX-10rr, '15 Caravan, '17 Fusion, '12 Pasat CC, '11 ZX-10r, '04 Avalanche
Current Ride #2
'67 Pontiac GTO, '67 Lemans Convertible, '69 Camaro, '69 Chevelle, '70 Chevelle, '70 Chevelle
I only use my credit union as a last resort...
Screenshot_20201008-193209.png
 

Nitro

Administrator
Staff member
Joined
Dec 10, 2019
Messages
654
Reaction score
1,176
Location
Austin, TX
Current Ride
2014 RAM 2500 Diesel
I always use USAA and they are at 2.79

@Nitro thanks for that I will give them a call.

I'm a USAA member and they have always treated me good. However I went through Austin Telco on my last car and they were easy to work with.
 

UBo32

TRX Fan
Founding Member
Joined
Aug 27, 2020
Messages
62
Reaction score
80
Location
Boise
Current Ride
2016 Ram Sport
Is it better to go in pre-approved, or let the dealer shop for you?
 

Brad1331

TRX Fiend
Founding Member
Joined
Sep 8, 2020
Messages
379
Reaction score
572
Location
Libertyville IL
Current Ride
2021 Silver TRX
Is it better to go in pre-approved, or let the dealer shop for you?
Its best to go in with a rate from your bank that they will give you but not tell the dealer you have already secured financing, then let them shop for you and sometimes you can get extra rebates if you go with their financing and occasionally they can get you a better rate...However if you don't go in knowing what your bank will give you for a rate some underhanded dealers will keep a holdback rate on top of your loan for doing the financing for you. For example you might qualify for a 3% through a bank and the dealer will charge you 3.75% and keep 0.75%

The other thing you can do is let them shop for you and then just refinance the loan with the best rate you can find after about 10 days. Think of refinancing like auctioning off your loan, where banks bid (via a low interest rate) to buy your loan....If you are a well qualified borrower this is most of the time the best option as with cars as long as you have sufficient down (at least 20%) banks are most likely to give you a competitive rate on a car you already own than on one you are just shopping for because a lot of time people add expensive (worthless) extended warranties and get scammed on crazy high bogus fees and "aftermarket" add ons that don't increase the value of the vehicle and decrease the loan to value ratio
 

KnightMare

Moderator
Staff member
Founding Member
Joined
Aug 18, 2020
Messages
2,508
Reaction score
5,752
Location
North Carolina
Current Ride
'21 Outlander XMR, '19 Sprinter 144, '19 Accord, '18 ZX-10rr, '15 Caravan, '17 Fusion, '12 Pasat CC, '11 ZX-10r, '04 Avalanche
Current Ride #2
'67 Pontiac GTO, '67 Lemans Convertible, '69 Camaro, '69 Chevelle, '70 Chevelle, '70 Chevelle
Is it better to go in pre-approved, or let the dealer shop for you?
I always go in with my own rate and see what they bring to the table. I've gotten manufacturer financing to be lower and go that route a couple times with Ford Credit and VW Credit.
 

Loops

TRX Fanatic
Founding Member
Joined
Sep 9, 2020
Messages
151
Reaction score
213
Location
Illinois
Current Ride
Durango SRT - Rubicon 4xE on order
Current Ride #2
HD Softail Slim S
miltary
USAF, retired

CRS2879

TRX Fan
Founding Member
Joined
Aug 21, 2020
Messages
84
Reaction score
70
Location
Birmingham, AL, USA
Current Ride
2017 F-250 Lariat FX4
Current Ride #2
2015 Mustang GT (Supercharged)
miltary
Army
Always best to know what outside rate you can qualify for before you get to the dealer's F&I office. Car dealers make ALL their profit in the service bays and F&I office. New car sales are really not the lucrative. Correction..."most" new car sales are not very lucrative. However, when you have a hot model, like the TRX, that can command ADM, then yes, these units will be very lucrative for the a dealers, at least initially.
 
Last edited:
OP
B

BestTime

TRX Member
Founding Member
Joined
Sep 4, 2020
Messages
48
Reaction score
50
Location
Dallas, TX
I think it's a good idea to know what you are approved for before going into the dealership. That way you can give them a rate to meet or beat.
I completely agree. What has worked for me is the have a good rate and then see if they can beat it. Just like you would do shopping car prices under normal circumstances. You may be able to negotiate a better rate then they first throw at you. But, if you don't know where you stand before you go in, you are leaving yourself open to exploitation.
 

slopilot

TRX Fan
Founding Member
Joined
Sep 13, 2020
Messages
75
Reaction score
181
Location
SLO, CA
Current Ride
TRX on order, F150, GT3, M3, SR22, R1200RS, KTM 300XCW
If you have excellent credit, you should not accept anything over 2.99%. If you can get below 2%, grab it.
 

slopilot

TRX Fan
Founding Member
Joined
Sep 13, 2020
Messages
75
Reaction score
181
Location
SLO, CA
Current Ride
TRX on order, F150, GT3, M3, SR22, R1200RS, KTM 300XCW
To answer the OP more accurately I should say yes, be informed, and know what you can get, but let the dealer shop for you. They can often match or beat what you can get, and they do all the work. And you’ll typically drive away the same day.
 

FoShizzle

TRX Member
Founding Member
Joined
Aug 20, 2020
Messages
25
Reaction score
50
Location
SoCal
Very helpful thread. These rates posted are far better than what my local credit unions are advertising. A few years back one of the credit unions I was talking to said that in order to qualify, the member/borrower needed to reside in the same state AND that the vehicle could not be purchased out of state. Anyone have experience with this? I live in CA and my truck is coming from a dealer in CO.
 

Viking

TRX Member
Founding Member
Joined
Oct 28, 2020
Messages
44
Reaction score
54
Location
Northeast Ohio
Current Ride
F-150
Reviving this thread now that trucks are rolling out to customers and others are getting ready to take delivery. Any new info out there on rates? Dealer route or bring in your own?
 

CopBait

TRX Fiend
Founding Member
Joined
Aug 13, 2020
Messages
222
Reaction score
544
Location
Raleigh, NC
Current Ride
21 RAM TRX
Current Ride #2
12 CTS-V Coupe Manual
My Credit union (Coastal Credit Union) offered me 2.5 for 70. Last time the dealer beat my Credit union.. I'll let you know next week when I pick it up..
 

Kerry0805

TRX Junkie
Founding Member
Joined
Aug 25, 2020
Messages
928
Reaction score
1,793
Location
Florida
Name
Kerry
Its best to go in with a rate from your bank that they will give you but not tell the dealer you have already secured financing, then let them shop for you and sometimes you can get extra rebates if you go with their financing and occasionally they can get you a better rate...However if you don't go in knowing what your bank will give you for a rate some underhanded dealers will keep a holdback rate on top of your loan for doing the financing for you. For example you might qualify for a 3% through a bank and the dealer will charge you 3.75% and keep 0.75%

The other thing you can do is let them shop for you and then just refinance the loan with the best rate you can find after about 10 days. Think of refinancing like auctioning off your loan, where banks bid (via a low interest rate) to buy your loan....If you are a well qualified borrower this is most of the time the best option as with cars as long as you have sufficient down (at least 20%) banks are most likely to give you a competitive rate on a car you already own than on one you are just shopping for because a lot of time people add expensive (worthless) extended warranties and get scammed on crazy high bogus fees and "aftermarket" add ons that don't increase the value of the vehicle and decrease the loan to value ratio
Good stuff, Brad.
 

Latest Discussions...

RAM TRX Forum Supporting Member Badge

RAM-TRX Vendors

justboltons.com BwoodyPerformance.com
Top