How to finance a Ram

Ram was created in 2010 as an off-shoot of American car brand Dodge to service hard-core truck enthusiasts. With prices topping $35,000, you have a variety of options to finance one of these heavy-duty vehicles. While the fastest way to go might be financing directly through an authorized dealership, you’ll likely find a more competitive rate if you prequalify with a few different lenders first.

How can I finance a Ram?

You have a range of financing options to get behind the wheel of a Ram truck. Shopping around for a traditional car loan from a bank, credit union or online lender may take longer, but it can save you hundreds or even thousands of dollars in interest over the life of your loan. Personal loans are also an option if you don’t want to use your truck as collateral — but rates tend to be higher than secured forms of financing.

If speed is your main concern, you might want to consider applying directly through an authorized Ram dealership. As a division of Chrysler, it offers in-house financing through Chrysler Capital. Well-qualified borrowers may be eligible for competitive rates — here’s how it breaks down:

• Chrysler Capital financing. Past deals include up to $5,500 cash back on select 1500 trims and 0% financing for five years.
• Chrysler Capital leasing. If you want to switch cars up every few years, Chrysler Capital also has special offers for leases. These vary, so check the Ram website for more information on deals in your area.

As with all types of financing, the exact rates and terms you qualify for will depend on your credit score, debt-to-income ratio and other aspects of your finances.

Read our review of Chrysler Capital auto loans and leasing

Compare car loans to finance a Ram

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Name	Product	Minimum credit score	APR	Loan term	Requirements
PenFed Auto Loans		Varies	Starting at 1.79%	3 to 7 years	Active membership with PenFed	Low APR car loans from a well-known credit union.	Go to site More Info	Compare	loading Fetching your data...
Carvana		No minimum credit score	3.9% to 27.9%	Varies	18+ years old, annual income of $4,000+, no active bankruptcies	Get pre-qualified for used car financing and receive competitive, personalized rates.	Go to site More Info	Compare	loading Fetching your data...
car.Loan.com Car Loans		300	Varies by network lender	Varies by lender	Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.	Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.	Go to site More Info	Compare	loading Fetching your data...
CarsDirect auto loans		No minimum credit score	Varies by network lender	Varies by network lender	Must provide proof of income, proof of residence, and proof of insurance.	Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.	Go to site More Info	Compare	loading Fetching your data...
Auto Credit Express Car Loans		300	Varies	Varies	Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.	Get connected with an auto lender near you, even if you have bad credit.	Go to site More Info	Compare	loading Fetching your data...
Monevo Auto Loans		500	3.99% to 35.99%	3 months to 12 years	Credit score of 500+, legal US resident and ages 18+.	Quickly compare multiple online lenders with competitive rates depending on your credit.	Go to site More Info	Compare	loading Fetching your data...
LendingTree		Good to excellent credit	Starting at 1.99%	Varies by lender	18+ years old, good to excellent credit, US citizen	Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.	Go to site More Info	Compare	loading Fetching your data...
myAutoloan.com Car Loans		550	1.89% to 27%		550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old	Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.	Go to site More Info	Compare	loading Fetching your data...

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Does Ram offer special discounts or programs?

Yes, Ram offers two discount programs:

• Military bonus cash. Current active- and reserve-duty members, retirees and recent veterans may be eligible for $500 off the price of a 2018 or 2019 Ram truck.
• Accessibility equipment reimbursement. Drivers with a disability may be eligible for a reimbursement of up to $1,000 for the installation of adaptive equipment.

What will a new Ram cost me?

A new 2019 Ram will cost anywhere from $28,000 to upwards of $35,000 for the basic trim levels. It all depends on your negotiation skills, where you live and the add-ons you choose.

Choose a type of vehicle

2019 Ram 1500 Classic

• MSRP: $27,645
• Build: Truck
• City/highway MPGe: 17/25

2019 Ram 150

• MSRP: $33,440
• Build: Truck
• City/highway MPGe: 20/25

2019 Ram 2500

• MSRP: $33,645
• Build: Truck
• City/highway MPGe: Not available

2019 Ram 3500

• MSRP: $35,095
• Build: Truck
• City/highway MPGe: Not available

Car insurance costs that come with driving a Ram

Does a new Ram come with a warranty?

Yes, all Ram trucks come with two warranties:

• Basic limited warranty — 3 years or 36,000 miles
• Powertrain limited warranty — 5 years or 60,000 miles

A full breakdown of the basic limited warranty and parts covered under other warranties can be found by going to Ram’s website and clicking Owners in the main menu, followed by Warranty.

Bottom line

Ram may be a newer line of trucks, but the power behind the manufacturing has been around for over a century. When you’re ready to buy, financing directly through an authorized dealership might be your fastest option. But we recommend comparing your car loan options first to increase your bargaining power when you hit the lot.

Frequently asked questions

• Does Ram only offer trucks?

  Ram offers trucks and commercial vans. For other builds, you can check out Dodge or Chrysler — both are sister brands under the Fiat Chrysler Automobiles (FCA) US label.

• Does Chrysler Capital offer used car loans?

  Yes, Chrysler Capital offers financing for certified preowned (CPO) Ram trucks. But if you’re not looking for a CPO vehicle, you’ll need to compare used car loans from a bank, credit union or online lender.

• Is a Ram a good choice for a truck?

  Yes, Ram frequently places on top truck lists — including our breakdown of the best full-size trucks of 2019.

• What's the best financing for a Ram pickup?

  No loan is one size fits all. To see which is best for you, read our guide to Ram pickup financing.

_{Pictures: Ram Official Page}