This is how I saved almost $18K on my new Gladiator...

[lotecredneck]

I just sold my FJ Cruiser that I've owned for 13 years. I just bought a '23 Texas Trail Gladiator and here is how I did it to maximize the total discount....

This vehicle had an MSRP of $51995.00 and with Employee pricing the sales price was $48,213. I then had a special offer coupon from FCA that was sent via email that was good for another $1,000. Then I financed the Jeep with Stellantis Financial @ 1.9% for 72 months and they gave me another $1,000 off for financing with them. This now makes the total sales price $46,213. They financed the entire amount including tax, title and license for the 72 month term. This will make a total of all payments including interest and TT&L $52,485.84. I then put the money (cash) I was going to purchase the Gladiator with in a 5 Year CD @ 5.5%. This will yield $15,194.52 in earned interest over 5 years.

So, if you take the sales price not including TT&L which is $46,213 and add the interest I will pay of $2,957.57 it totals $49,170.57. Then reduce that amount by the interest earned for 5 years of $15,194.52 and the price I paid works out to $33,976.05. I feel like I can still get a decent rate at the end of the 5th year for another year to earn more, but that rate is unknown, but will reduce the overall cost even more. So with tax, title and license I will be in this for $37,291.32 less any interest I earn after the 5th year.....

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[Silversport23]

The employee pricing, 1.9% financing and $3,400 in mopar loyalty bucks has me looking at a Mojave or rubicon.

 

[lotecredneck]

The employee pricing, 1.9% financing and $3,400 in mopar loyalty bucks has me looking at a Mojave or rubicon.

You can't get the 1.9 financing for the Rubicon or Mojave. I would've looked at the Rubicon if it was included. This will be a daily driver for me and will never be off-road other than gravel roads so it wasn't a must have!

~Tony

 

[daking747]

Where is the 1.9% advertised? I have a 2020 lease that’s ending. I considered buying it but turning it in and buying a new one could be the better option

 

[FloridaMan655321]

1.9% is pretty decent for 72 months. I didn't know this was still offered.
One thing that I would be concerned with is committing for 5 years. I only say this because US Treasuries at a lower time is around this same % and more. The way inflation is going, the % may go up and you wouldn't want to be committed at 5 years. Another thing to think about is if the market takes a massive dive, you would have this money available to jump on the dip and ride it up a few years.
It should be noted that I'm not a financial advisor, so you should probably ignore me

 

[Silversport23]

I have not followed up with the dealer yet, it doesn’t surprise me that it doesn’t apply to the higher end model

 

[Sandevino]

We looked at doing something similar with my Wife's Land Rover Discovery. We ended up paying cash instead of financing (1.9% for 60) as we did not want to have any payments.

 

[sharpsicle]

That's a great interest rate. Not sure I agree that you're "saving" $18,000 by doing a separate investment, you're just making money elsewhere, but the purchase itself seems pretty good. 1.9% in today's economy is impressive.

 

[lotecredneck]

1.9% is pretty decent for 72 months. I didn't know this was still offered.
One thing that I would be concerned with is committing for 5 years. I only say this because US Treasuries at a lower time is around this same % and more. The way inflation is going, the % may go up and you wouldn't want to be committed at 5 years. Another thing to think about is if the market takes a massive dive, you would have this money available to jump on the dip and ride it up a few years.
It should be noted that I'm not a financial advisor, so you should probably ignore me

True, but that rate could easily go down as well.... This way I know exactly what I'm getting...

~Tony

 

[lotecredneck]

That's a great interest rate. Not sure I agree that you're "saving" $18,000 by doing a separate investment, you're just making money elsewhere, but the purchase itself seems pretty good. 1.9% in today's economy is impressive.

If I just paid cash then the money would be gone and not available to invest. This way I'm using their money essentially to invest....

~Tony

 

[sharpsicle]

If I just paid cash then the money would be gone and not available to invest. This way I'm using their money essentially to invest....

~Tony

Oh yeah I totally get it. Still wouldn't consider that a "savings". Just an opportunity. You still paid what you did for the truck and invested your own money on the side.

 

[TheDerb]

If I just paid cash then the money would be gone and not available to invest. This way I'm using their money essentially to invest....

~Tony

This is an intellectually dishonest take. It’s tantamount to making a post saying “How I got Apple to pay for my Gladiator”, and then saying it was because the $5,000 employee discount put you at exactly the amount you earned from buying apple stock in 1999 vs why it’s worth now… so you are technically using Stellantis money saved to say Apple bought you the truck.

 

[lotecredneck]

Where is the 1.9% advertised? I have a 2020 lease that’s ending. I considered buying it but turning it in and buying a new one could be the better option

Do a search on the Jeep.com website and locate a vehicle and it will bring up the available options...

 

[lotecredneck]

This is an intellectually dishonest take. It’s tantamount to making a post saying “How I got Apple to pay for my Gladiator”, and then saying it was because the $5,000 employee discount put you at exactly the amount you earned from buying apple stock in 1999 vs why it’s worth now… so you are technically using Stellantis money saved to say Apple bought you the truck.

I don't know that I agree with your analogy... I am using their money and paying them a portion of the interest I am earning on a fixed product that I know what it's worth now and 5 years from now. The spread is buying down the cost of the vehicle! If the finance rate wasn't what it is, I would've probably looked at something else. So I used their product to make the purchase of this vehicle more attractive.

 

[FloridaMan655321]

True, but that rate could easily go down as well.... This way I know exactly what I'm getting...

~Tony

Yes, but if it goes down, it's because the economy has taken a dive and the reaction of the Fed - as indicated from the inverted yield curve. Just something to think about. You can always split your cash with a 5yr CD and a 6 months treasury and keep rolling that treasury over until the market takes a dive. Just something that I've been doing while I see what happens in the future. I'm also thinking of selling more stocks and buying more of the BIL ETF.
Again, I'm not a financial advisor and everyone should ignore me.

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