[Accused]

What kind of deposits did you guys put down on your Diesel order? I'm looking to put down at least $10K in cash plus whatever I get selling my current truck used/trade in...

 

[Ramalamadingdong]

I only had to put down $1000 to order the truck. For financing they are asking for $7500-ish.

 

[Scuba diver 71]

What kind of deposits did you guys put down on your Diesel order? I'm looking to put down at least $10K in cash plus whatever I get selling my current truck used/trade in...

$500 down to process the order.

 

[tugboat]

are we talking deposits to hold a spot prior to ordering become live or down payment for the lease/finance?

 

[L.O.A.]

I only had to put down $1000 to order the truck. For financing they are asking for $7500-ish.

Was $1000 required or did you put down more that amounted to $1000?

 

[Ramalamadingdong]

Was $1000 required or did you put down more that amounted to $1000?

That was the required amount for them to order the truck. Not sure if that was a dealer thing or Ram thing but thats the deposit they asked for.

 

[Accused]

whoops yea, I suppose I should of said Deposts/Down Payments. My dealer only wants $500 to process the order, but yea I was more curious about Down Payments, my mistake. Maybe a mod/admin could change the thread title??

 

[Ramalamadingdong]

whoops yea, I suppose I should of said Deposts/Down Payments. My dealer only wants $500 to process the order, but yea I was more curious about Down Payments, my mistake. Maybe a mod/admin could change the thread title??

Ahhhh. I'll be putting down roughly $7500 to meet the financing requirement. I might put a little more down if I sell my current truck vs trade in. I'd like to keep my monthly payment around $500 or under.

 

[Accused]

Ahhhh. I'll be putting down roughly $7500 to meet the financing requirement. I might put a little more down if I sell my current truck vs trade in. I'd like to keep my monthly payment around $500 or under.

good show! I was quoted at $380 over 96 at 4.29%. That was with $10K down, I kinda want to bring it back from 96 months or I'm going to get ruined on interest, depending on what I get for my FX4 from either private sale/trade it will get poured back into the down payment.

How many months is your financing over? $500 seems like a good target for a 3 or 4 year finance, might be something for me to consider... hmmm

 

[Ramalamadingdong]

good show! I was quoted at $380 over 96 at 4.29%. That was with $10K down, I kinda want to bring it back from 96 months or I'm going to get ruined on interest, depending on what I get for my FX4 from either private sale/trade it will get poured back into the down payment.

How many months is your financing over? $500 seems like a good target for a 3 or 4 year finance, might be something for me to consider... hmmm

The longest they are offering here is 72 month, which is right about where I want to be. Interest rate was quoted at 4.2% but he thinks he can get me into the mid 3's if we finance outside of Chrysler. I made out a bit on the truck price. My company does stuff for Chrysler on some level, somewhere, so we get a percent off factory invoice, plus whatever we get for incentives. All in all, after incentives and downpayment I'm looking to finance $32-34k.

 

[Diesel Washington]

So its sounding like generally the bare minimum down payment is $1,000. Is that correct? I was planning on putting down something closer to $4,500, so I should be fine. I can't decide about the financing term though. Longer with lower payments or shorter with higher payments. I just know if I opt for the longer term I'll be thinking, "this could be over," once it gets past the shorter finance term.

 

[romadrod]

I only put down $500.

 

[tugboat]

if your credit is good enough you should be able to do 0 down no?

 

[L.O.A.]

Seems like it changes from dealer to dealer

 

[Ramalamadingdong]

So its sounding like generally the bare minimum down payment is $1,000. Is that correct? I was planning on putting down something closer to $4,500, so I should be fine. I can't decide about the financing term though. Longer with lower payments or shorter with higher payments. I just know if I opt for the longer term I'll be thinking, "this could be over," once it gets past the shorter finance term.

If you go for a longer loan period, just make sure there isn't an early payoff penalty. Then you can pay it off early. You can always throw a few extra bucks towards principal when your having a good month or come across some extra duckets.

 

[tugboat]

^ yep

and you should try to pay it off early if its possible

i always pay off my car loans early

 

[funpilot]

Deposit

My deposit was $200.00

 

[tugboat]

when you expecting your diesel?

 

[L.O.A.]

What would be better for your credit rating? Paying it off by the plan for the x amount of years or right away?