Help buying a new Ram pickup

Help buying a new Ram pickup

Notices

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Reply
 
Thread Tools Display Modes
Help buying a new Ram pickup
  #1  
Old 06-15-2019, 04:45 PM
luperona9 luperona9 is offline
Member
 
Join Date: Nov 2017
Posts: 81
Default Help buying a new Ram pickup

Helping a computer/money illiterate older neighbor buy, (not lease) a new Ram pickup. Going with him to dealer/s tomorrow. I Need to become an expert overnight.

His credit is 722 and wants/needs to put down as little as possible.

He just joined samsclub and I printed out the Sam's club/true car paperwork for the ram 1500 big Horn /lone star 2wd quad cab. Only option he wants is the hemi v8.

There are all kinds of rebates listed. I think one of them is not offered if ram does the financing.

Do you guys have any tips? Warnings? Best bank to finance other than dealer?

Thank you for any input
Reply With Quote

  #2  
Old 06-15-2019, 06:40 PM
BobnBev's Avatar
BobnBev BobnBev is offline
Platinum member
 
Join Date: Oct 2012
Location: Sanibel
Posts: 1,706
Default

Tell him to forget the hemi.....I have one, and it's not worth it.
__________________
Patriot Guard Riders--"Standing for Those Who Have Stood for US"!

Laughter is the best medicine, unless you're being treated for Shingles
Reply With Quote
Sponsored Links
  #3  
Old 06-15-2019, 06:45 PM
luperona9 luperona9 is offline
Member
 
Join Date: Nov 2017
Posts: 81
Default

Quote:
Originally Posted by BobnBev View Post
Tell him to forget the hemi.....I have one, and it's not worth it.
He wants to tow more than the v6 allows. Any other options to hemi?
Reply With Quote
  #4  
Old 06-15-2019, 06:46 PM
Kenswing's Avatar
Kenswing Kenswing is online now
Sage
 
Join Date: Jan 2016
Location: Upper Left Coast
Posts: 5,223
Default

Quote:
Originally Posted by luperona9 View Post
He wants to tow more than the v6 allows. Any other options to hemi?
Yeah.. Step up to the 3/4 ton and get a diesel. Those are more meant for towing than the 1500..
__________________
Birthdays Are Good For You. Statistics Show the More That You Have The Longer You Will Live..

We've Got Plenty Of Youth.. What We Need Is a Fountain Of SMART!
Reply With Quote
  #5  
Old 06-15-2019, 07:54 PM
retiredguy123 retiredguy123 is online now
Soaring Eagle member
 
Join Date: Feb 2016
Posts: 2,184
Default

I think the best way to finance a vehicle is to be a member of a credit union, like Penfed.org and get a loan from them. Join the credit union and get the loan approved before you go to the dealership. Do not borrow the money through the dealer. You will get ripped off. Another possibility is to use equity in your house and get a home equity loan. Good luck.
Reply With Quote
  #6  
Old 06-15-2019, 09:12 PM
Fredman's Avatar
Fredman Fredman is offline
Veteran member
 
Join Date: Feb 2015
Location: Pittsburgh, Cincinnati,Chicago ,buffalo, Asheville ,Pittsburgh
Posts: 585
Default

Don’t use equity in house to buy a depreciating vehicle.
__________________
GO STEELERS
Reply With Quote
  #7  
Old 06-15-2019, 09:42 PM
ColdNoMore's Avatar
ColdNoMore ColdNoMore is online now
Sage
 
Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 8,711
Default

Quote:
Originally Posted by Fredman View Post
Don’t use equity in house to buy a depreciating vehicle.

Agreed.

If the OP is correct about the neighbor (older/money illiterate/needs to put down as little as possible), finding a credit union to qualify ahead of time and looking for a low mileage used one...would probably be more financially prudent.

Particularly if he's like the average Villager...who doesn't put many annual miles on a vehicle.
__________________
Standing up for the underdog and against bullies...every chance I get.
Reply With Quote
Do your homework online, Your playing 2nd basemen
  #8  
Old 06-16-2019, 07:48 AM
Kerry Azz's Avatar
Kerry Azz Kerry Azz is offline
Senior Member
 
Join Date: Sep 2017
Posts: 131
Default Do your homework online, Your playing 2nd basemen

Quote:
Originally Posted by luperona9 View Post
Helping a computer/money illiterate older neighbor buy, (not lease) a new Ram pickup. Going with him to dealer/s tomorrow. I Need to become an expert overnight.

His credit is 722 and wants/needs to put down as little as possible.

He just joined samsclub and I printed out the Sam's club/true car paperwork for the ram 1500 big Horn /lone star 2wd quad cab. Only option he wants is the hemi v8.

There are all kinds of rebates listed. I think one of them is not offered if ram does the financing.

Do you guys have any tips? Warnings? Best bank to finance other than dealer?

Thank you for any input
30+ years in auto sales and management. The end of the 2nd quarter will be coming up soon. In a few months the 2020 models will be available and the 2019 will be drastically reduced. I’d strongly recommend you save the gas and shop online and ask for an out the door price and let them know that you’ll be getting 3 prices online then compare them. Ask the salesperson what rebates are available and to list them on your email quote.
Reply With Quote
  #9  
Old 06-16-2019, 07:54 AM
BobnBev's Avatar
BobnBev BobnBev is offline
Platinum member
 
Join Date: Oct 2012
Location: Sanibel
Posts: 1,706
Default

Quote:
Originally Posted by Kenswing View Post
Yeah.. Step up to the 3/4 ton and get a diesel. Those are more meant for towing than the 1500..
Very good advice!!!
__________________
Patriot Guard Riders--"Standing for Those Who Have Stood for US"!

Laughter is the best medicine, unless you're being treated for Shingles
Reply With Quote
  #10  
Old 06-16-2019, 08:20 AM
retiredguy123 retiredguy123 is online now
Soaring Eagle member
 
Join Date: Feb 2016
Posts: 2,184
Default

Quote:
Originally Posted by Fredman View Post
Don’t use equity in house to buy a depreciating vehicle.
I guess, if there is a possibility that you could lose your house to forclosure, then you may be correct. But, if not, and I had to borrow money, I would be looking for the lowest interest rate available.
Reply With Quote
Reply

Tags
ram, pickup, rebates, kinds, hemi

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not 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

Forum Jump


All times are GMT -5. The time now is 05:57 PM.