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The Ram pickup is a workhorse truck that can tow and haul whatever you need. Its rugged performance is balanced with a stylish and roomy interior to deliver a powerful and smooth ride. When you're ready to own this utility truck, here's how you can finance your purchase.
You have a few choices when it comes to Ram pickup financing. You don't have to purchase and finance your new truck from the same place if you don't want to. Here are a few financing options:
Dealerships offer the convenience of purchasing and financing in one location, streamlining the new car purchase process. Dealers operate as the middleman between you and the bank — and get a tidy commission from it. They may also advertise incentives, including trade-in deals and rebates, to convince you to finance your new wheels with them.
Dealerships' attractive offers, like 0% APR for 60 months for a 2021 RAM 1500, are exclusive rates for well-qualified borrowers — buyers with excellent credit scores of 740 or more and a generous monthly income. Other borrowers get stuck with higher interest rates and end up paying more over the life of the loan.
Instead of financing through independent dealers, you can finance your new truck through the manufacturer itself. Ram offers credit through Chrysler Capital. Once you get your offer online, you can shop for your new Ram pickup through a participating dealer to finalize the application.
You can also arrange your own Ram pickup financing. Compare car loans from different lenders to find the best rate and loan terms for your financial situation. Financial lenders, including banks and credit unions, set their own interest rates and borrower requirements.
By shopping around, you might find a better deal than financing through a dealership. Plus, your car dealership would need to get competitive if it wants to offer you a car loan when you already have your own financing.
Check out a few auto loans to see what rates you might qualify for.
Here are a few common financing blunders that you can avoid.
When it comes to Ram pickup financing, you have several options. Read our guide to compare car loan rates from several lenders and find the best deal on your next utility vehicle.
Answers to commonly asked questions about financing a new Ram pickup.
Ram Employee Pricing Plus is a national sales event where customers pay the same price on select Ram models as its employees.
You generally hear back within a few minutes. For example, Chrysler Capital generally approves applications within 30 minutes, while CarMax usually takes 20 minutes or less.