Chrysler financing rebates - Dodge Cummins Diesel Forum
 3Likes
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 16 (permalink) Old 11-16-2019, 01:45 PM Thread Starter
Cummins Enthusiast
 
Join Date: Sep 2009
Posts: 216
Thanks: 33
Thanked 9 Times in 9 Posts
iTrader Score: 0 reviews
Chrysler financing rebates

Hey guys I’ve been getting quotes for trucks and a certain dealership quotes a price including a 2000 rebate fair using Chrysler financing which I’m ok with. What I’m not ok with is that they are saying you can only put 10k down and have to keep it for 1 year before refinancing. Has anyone else been told this? This is coming from a huge dealer btw. Thanks


01 Dodge Cummins laramie SLT, qc, 4x4, short bed, auto, 3.55's, raptor 150,big line kit, Hellman sump ,BHAF,isspro fp gauge,35 bfg m/t,hbs level, silencer ring mia
socaldiesel is offline  
Sponsored Links
Advertisement
 
post #2 of 16 (permalink) Old 11-16-2019, 03:37 PM
Newbie
 
Join Date: Nov 2019
Posts: 9
Thanks: 0
Thanked 1 Time in 1 Post
iTrader Score: 0 reviews
How many years? I didn't hear that on my 3 year note for 0% through Chyrsler, but I can't imagine they would limit the money down on 0% now that I think about it.
MattBurns is offline  
post #3 of 16 (permalink) Old 11-16-2019, 03:48 PM
Cummins Nut
 
philhyde's Avatar
 
Join Date: Jul 2009
Location: Bend, OR
Posts: 335
Thanks: 40
Thanked 20 Times in 16 Posts
iTrader Score: 0 reviews
How are they going to enforce that 1 year provision?

2019 3500 Big Horn DRW
philhyde is offline  
Sponsored Links
Advertisement
 
post #4 of 16 (permalink) Old 11-16-2019, 04:06 PM Thread Starter
Cummins Enthusiast
 
Join Date: Sep 2009
Posts: 216
Thanks: 33
Thanked 9 Times in 9 Posts
iTrader Score: 0 reviews
Quote:
Originally Posted by philhyde View Post
How are they going to enforce that 1 year provision?
I’m not 100% sure we are waiting for the terms and conditions to see what exactly it says. But from what it sounded like some sort of pre payment penalty. Hopefully get more information today but it don’t seem right especially when your talking about a 70k truck you will be easily over 2k in interest in one year.

01 Dodge Cummins laramie SLT, qc, 4x4, short bed, auto, 3.55's, raptor 150,big line kit, Hellman sump ,BHAF,isspro fp gauge,35 bfg m/t,hbs level, silencer ring mia
socaldiesel is offline  
post #5 of 16 (permalink) Old 11-16-2019, 04:35 PM
Diesel Head
 
Join Date: Nov 2009
Posts: 5,429
Thanks: 561
Thanked 1,369 Times in 797 Posts
iTrader Score: 0 reviews
Total shenanigans. Just lower the fricking price already. This is the problem with automakers and dealers nowadays - they're not selling automobiles, they're peddling financial products.

'97 3500 4x4 CC DRW, 4.10, Banks PP, BD tc, vb, eb, 60# springs, Torqloc, gauges, Weatherguard, B&W...
'92 CC W350 DRW sold '92 CC D350 DRW sold '12 Laramie CC 3500 4x4 SRW sold
brownbear is offline  
post #6 of 16 (permalink) Old 11-16-2019, 05:02 PM
Cummins Fan
 
TWILLIAMS9's Avatar
 
Join Date: Aug 2014
Location: Modesto, Ca
Posts: 87
Thanks: 1
Thanked 21 Times in 13 Posts
iTrader Score: 0 reviews
If the loan is through chrysler Capital then there is no prepayment penalty. I just did the same thing when I bought my truck this week. Dealer told me I had to keep the loan for six months, then the finance guy said only five months before I can refinance, truth is there is no early payoff penalty, I called Chrysler capital and asked. They want to get their kickback from the bank so it takes a few months. They will also screw your on your rate! I’m going to refinance ASAP!
philhyde likes this.

2014 Ram 2500 6.4L 4x4 4.10's 8" McGaughys Long Arm Lift, 37x13.50 Nitto Trail Grapplers, 20x10 Fuel Kranks, 5% Ceramic Tint, Cleared Headlights, Amp Research Steps.
TWILLIAMS9 is offline  
post #7 of 16 (permalink) Old 11-16-2019, 08:10 PM Thread Starter
Cummins Enthusiast
 
Join Date: Sep 2009
Posts: 216
Thanks: 33
Thanked 9 Times in 9 Posts
iTrader Score: 0 reviews
Quote:
Originally Posted by TWILLIAMS9 View Post
If the loan is through chrysler Capital then there is no prepayment penalty. I just did the same thing when I bought my truck this week. Dealer told me I had to keep the loan for six months, then the finance guy said only five months before I can refinance, truth is there is no early payoff penalty, I called Chrysler capital and asked. They want to get their kickback from the bank so it takes a few months. They will also screw
your on your rate! I’m going to refinance ASAP!
Yea thank you. I’ll be calling Chrysler and asking myself as well.

01 Dodge Cummins laramie SLT, qc, 4x4, short bed, auto, 3.55's, raptor 150,big line kit, Hellman sump ,BHAF,isspro fp gauge,35 bfg m/t,hbs level, silencer ring mia
socaldiesel is offline  
post #8 of 16 (permalink) Old 11-16-2019, 08:22 PM
Diesel Head
 
Jimmy N.'s Avatar
 
Join Date: Oct 2017
Location: The actual Midwest
Posts: 9,385
Thanks: 317
Thanked 507 Times in 465 Posts
iTrader Score: 0 reviews
I have used Chrysler Capital a few times now, since the dealer has given me up to $2,000 off for doing it.
I've had to keep the loan for a minimum of three months, so a little interest accrued, but nothing compared to the savings.

Also, while the CC website won't accept larger payments, they will cash a check if you send one. By making that first payment about 95% of the loan, there really isn't any interest to speak of.

Maybe if we start telling people that the brain is an app, they will start using it?

'14 1500 V6, '17 3500 C&C, plus a '19 3500 6.4 in the household.
Jimmy N. is offline  
post #9 of 16 (permalink) Old 11-16-2019, 09:54 PM
Diesel Head
 
Join Date: Nov 2009
Posts: 5,429
Thanks: 561
Thanked 1,369 Times in 797 Posts
iTrader Score: 0 reviews
Quote:
Originally Posted by Jimmy N. View Post
I have used Chrysler Capital a few times now, since the dealer has given me up to $2,000 off for doing it.
I've had to keep the loan for a minimum of three months, so a little interest accrued, but nothing compared to the savings.

Also, while the CC website won't accept larger payments, they will cash a check if you send one. By making that first payment about 95% of the loan, there really isn't any interest to speak of.
I like the way you think, Jimmy, though the skeptical side of me would want proof of delivery because my luck they would refuse to cash it, then say they never got it and I was late on the payment.

'97 3500 4x4 CC DRW, 4.10, Banks PP, BD tc, vb, eb, 60# springs, Torqloc, gauges, Weatherguard, B&W...
'92 CC W350 DRW sold '92 CC D350 DRW sold '12 Laramie CC 3500 4x4 SRW sold
brownbear is offline  
post #10 of 16 (permalink) Old 11-16-2019, 11:10 PM
Diesel Head
 
Jimmy N.'s Avatar
 
Join Date: Oct 2017
Location: The actual Midwest
Posts: 9,385
Thanks: 317
Thanked 507 Times in 465 Posts
iTrader Score: 0 reviews
Quote:
Originally Posted by brownbear View Post
I like the way you think, Jimmy, though the skeptical side of me would want proof of delivery because my luck they would refuse to cash it, then say they never got it and I was late on the payment.
Man, you cracked me up there, brownbear. Not even my luck is that bad. Usually.

Maybe if we start telling people that the brain is an app, they will start using it?

'14 1500 V6, '17 3500 C&C, plus a '19 3500 6.4 in the household.
Jimmy N. is offline  
post #11 of 16 (permalink) Old 11-17-2019, 01:35 AM
Cummins Enthusiast
 
bert1's Avatar
 
Join Date: Jul 2010
Location: TX
Posts: 214
Thanks: 3
Thanked 29 Times in 25 Posts
iTrader Score: 0 reviews
the dealers pull this crap because you have to make about 3 payments before the dealership receives there cut from selling the cooperate financing product. There is no penalty to payoff the loan early or to otherwise refinance unless it clearly stated in the contract that you sign and I have yet to see a contract written like this yet.

The last 2 vehicles that I bought were initially financed at the dealership to get the best deal and then refinanced thru a local credit union at a better rate before the first loan payment. The dealership or in this case Chrysler capital cant say ...
dillonjm likes this.

2001 2500 24v HD/6 spd man/stock SOLD!
2013 Ram 2500 4WD Crew Cab 149 Laramie
bert1 is offline  
post #12 of 16 (permalink) Old 11-17-2019, 12:11 PM
Diesel Head
 
Jimmy N.'s Avatar
 
Join Date: Oct 2017
Location: The actual Midwest
Posts: 9,385
Thanks: 317
Thanked 507 Times in 465 Posts
iTrader Score: 0 reviews
Quote:
Originally Posted by bert1 View Post
the dealers pull this crap because you have to make about 3 payments before the dealership receives there cut from selling the cooperate financing product. There is no penalty to payoff the loan early or to otherwise refinance unless it clearly stated in the contract that you sign and I have yet to see a contract written like this yet.
Yes, I could technically have paid it all off as soon as I got home. But when the dealer gives me his share of the money off, too, I'm not going to pull that crap on him.

Sure, I could do it once, but after finally finding great dealer (450 miles away, but still) I'm not about to ruin that relationship.

If it's a large dealership in Idaho, that'd be different, but I rather pay a bit less (yes, less) and buy from a dealer I trust.

Maybe if we start telling people that the brain is an app, they will start using it?

'14 1500 V6, '17 3500 C&C, plus a '19 3500 6.4 in the household.
Jimmy N. is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Dodge Cummins Diesel Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome