Do you think Dodge will ever offer 0 % financing on 03 3500 Dodge dually

[Hemmen1]

Also, has anyone ever been able to purchase a 3500 diesel dually for 0 % interest through dodge??

 

[cold Diesel]

Got my 2500 diesel for 0%. Could of got the 3500 for 0% if I wanted one. Wait until the year end clearance if you want the 0%, they are already offering 3. 9% up in my neck of the woods on diesels.

 

[Posm]

O% is not the free ride you might think it is. I have been doing some work with financing some of my sales with the 0%. The cost to "buy down" interest from 7% market rates to 0% is about 9 to 11% of the financed amount. In the farm equipment business, the dealer has to pay the manufacturer more for the equipment than he would if he paid cash. The car industry also uses this tactic to some extent. You can choose between the cash back or the low interest financing. If you are financing a large % of the vehicle the low rate may be a better deal. If you only finance 10 or 15k take the cash back and find a credit union in your area with cheap intersts rates of 6% or so. Low interest also is a bad deal if you are going to pay the vehicle off early.

 

[Hemmen1]

Posm,



I understand what you are saying except for one thing, are you saying that if I have a substancial down payment that I can get 0% interest financing on a 03 diesel Dodge dually??



Darren

 

[Posm]

Darren

No, I do not think they are offering 0% on any of the HDs. DC has 0% on many of the Jeeps and some of the other models. What I was trying to explain was the cost to get to 0%. No bank it offering 0% so the dealer or manufacturer must subsidise the loan to get to 0%. That cost is about 10% of the financed amount for 36 months at todays rates. If the the "deal" is 0% or $2000. 00 cash back there is a point where one is a better deal than the other. If you finance 30K and do not plan on paying the truck off early take the 0% and win/ If you finance 12K you should take the rebate and get market rate financing. Also, if there is a chance you may pay the loan off early, take the rebate. Once the subsidy is paid, the consumer can get no benifit from paying the loan off early like they can with a regular loan.