Monthly payment TRX?

Sub-zero

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For everyone who owns a Ram TRX or is about to receive there 2022 TRX, what is? Or what was ur down payment and monthly payment once all set and done?
 

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It’s irrelevant. Some will have paid cash. Some will have put nothing down and got a good rate. Many will be in between. You know how much the truck costs, go to bank rate and plug in some numbers.
 
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It’s irrelevant. Some will have paid cash. Some will have put nothing down and got a good rate. Many will be in between. You know how much the truck costs, go to bank rate and plug in some numbers.
We’re would I look if I’m getting a good rate? How do I figure out all this information?
 
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It’s irrelevant. Some will have paid cash. Some will have put nothing down and got a good rate. Many will be in between. You know how much the truck costs, go to bank rate and plug in some numbers.
And what’s a good rate? Can u give me a example of a good rate please
 

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First place is to google it on the internet such as here: https://www.bankrate.com/loans/auto-loans/rates/
Or you can also go to your bank or credit union. If you know your credit score, you can make an assumption on what you would qualify for. Take your take home income after all bills are paid and savings is accounted for and an emergency stash is available, what’s left is available to spend on a car.
 
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RasMan9

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Below 2%
 

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It all depends on your income and debt. Not enough income and too much debt = crappy rate. Plenty of income and low debt ratio = good rate. You can have a solid credit score and an income of $50k and no one will give you a loan to buy the TRX.
Launch Excel on your computer if you have it and create your budget if you don’t have one already. Put your take home income on the top line and then put all debt and expenses below that and subtract them all. Make sure to include ALL expenses such as daily lunches if you eat out all the time or the trips to the bar if that’s your thing. It needs to be as detailed as possible. After all of that has been completed and you’ve got retirement and rainy day funds also accounted for, whatever is left can usually be considered mad money. Is it enough? That’s your call. But if you’re married or in a relationship, better run it by the partner because no one should spend this kind of money without the others approval/ acknowledgement.
 
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It all depends on your income and debt. Not enough income and too much debt = crappy rate. Plenty of income and low debt ratio = good rate. You can have a solid credit score and an income of $50k and no one will give you a loan to buy the TRX.
Launch Excel on your computer if you have it and create your budget if you don’t have one already. Put your take home income on the top line and then put all debt and expenses below that and subtract them all. Make sure to include ALL expenses such as daily lunches if you eat out all the time or the trips to the bar if that’s your thing. It needs to be as detailed as possible. After all of that has been completed and you’ve got retirement and rainy day funds also accounted for, whatever is left can usually be considered mad money. Is it enough? That’s your call. But if you’re married or in a relationship, better run it by the partner because no one should spend this kind of money without the others approval/ acknowledgement.
Ok I will definitely put all the numbers together and figure it out, definitely appreciate it thanks.
 

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Hopefully, the rate is not hard to find. If you can't the F&I person should be able to show it to you. My suggestion is to talk/apply at a credit union. You'll know how much they'll approve you for and what the rate and terms are. I've never financed a car thru a dealership, only credit unions as the rates were lower. Currently, my credit union is advertising rates as low as 1.74% on new, and near new, vehicles. But I don't know the terms.
 

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Be very selective on who you choose to check on financing with. Since you know your credit score ask the lender what their rate would be assuming your score and financial situation BEFORE they run a credit check. You don't want a bunch of lenders running multiple reports or a dealer SHOPPING rates at the expense of lowering your score due to multiple inquiries. You will be told that multiple inquiries around the same time won't negatively impact your score....don't believe it. Once they are ran there's no getting them removed from your report. Sounds like you are NEW to the 🚘 finance game. This is a BIG purchase so keep researching like you are and good luck!
 

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Ok I will definitely put all the numbers together and figure it out, definitely appreciate it thanks.


It says your current ride is a TRX...yet you sound like you're trying to figure things out as far as even getting one... ??
 
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timinnd

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ZERO - I honestly can't rememebr the last time I financed anything but it's been well over 30 years.

I don't and haven't financed anything for about that long also. I do it for "peace of mind" I guess. I just like the feeling of owing nothing.

But yeah, like many have said... if you do the math... if you get a loan at 1.5 to 3%... you SHOULD be able to take your 80-90K, invest it and after 5-6 years... have more money in your account than if you just pay cash for the vehicle, as you should make more in interest from investing than you pay in interest from financing.

To each his own.
 

Stevewoz88

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I don't and haven't financed anything for about that long also. I do it for "peace of mind" I guess. I just like the feeling of owing nothing.

But yeah, like many have said... if you do the math... if you get a loan at 1.5 to 3%... you SHOULD be able to take your 80-90K, invest it and after 5-6 years... have more money in your account than if you just pay cash for the vehicle, as you should make more in interest from investing than you pay in interest from financing.

To each his own.
Lol people these days like to spend more than they can afford because loans are so much easier to get.
 
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Car-Guy

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I don't and haven't financed anything for about that long also. I do it for "peace of mind" I guess. I just like the feeling of owing nothing.

But yeah, like many have said... if you do the math... if you get a loan at 1.5 to 3%... you SHOULD be able to take your 80-90K, invest it and after 5-6 years... have more money in your account than if you just pay cash for the vehicle, as you should make more in interest from investing than you pay in interest from financing.

To each his own.
I like the peace of mind too.... Anyway, these days the difference between what I "would" pay in interest on a 90k loan, versus what I "could" make from investing 90k in a fixed income instrument, is not worth calculating from my POV. Now you could invest the money in the stock market and may make a difference, but now we are gambling, especially these days ...

Add to that I get a clear title up front, I don't need to deal with insurance/lien holders, no monthly payments to deal with, and I can claim it's mine, and not the banks..
 
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BDS TRX

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I will be paying cash for my TRX! However this will be my first rodeo . . . there is a bank up the street from the dealership I'll be buying at. How does that work usually? If I fly in to buy the TRX do we go to the bank together and I get a cashiers check? Do I just write the dealer a personal out-of-state check?

. . . how does that typically work when paying cash?
 
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I will be paying cash for my TRX! However this will be my first rodeo . . . there is a Bank of America up the street from the dealership I'll be buying at. How does that work usually? If I fly in to buy the TRX do we go to the bank together and I get a cashiers check? Do I just write the dealer a personal out-of-state check?

. . . how does that typically work when paying cash?
So ur getting a loan from Bank of America of the amount of ur truck? To pay it off right away, or ur paying out of ur pocket money?
 
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