Financing a new Gladiator

[kevman65]

Thanks, That confirms above, I'll stick to a smaller DP, and then pay the loan off faster once I open it. Unless Jeep gets a ridiculously low rate, the convenience of my CU will probably push me to go with them.

Some unscrupulous dealership finance departments will try to convince you that more cash down they can get you a better rate. All the while they're putting you into a higher rate than what you qualify for. All so they can profit from the difference between the loan you qualify for and the loan they get you to sign.

Always remember, the dealership is a business looking to make the max profit for the minimum effort. Your CU will work harder to get you into a vehicle for less profit. I did my JT all through my CU, they told me to find what I want and where it is, work whatever deal I could get, then call them. I did this, got a great trade-in value and the CU came back with the price the dealer had to abide by per their agreement with CU and I got less than 2% interest rate spring of last year. Chrysler was offering 5.9% at the time.

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