Good deal reached on 22 however..

[MemphisMississipp]

So, $11 off MSRP seems like a screaming deal but in order to get there I had to sell my soul to Chrysler Financial it seems. For someone with mid 800 credit you would think CF could do better than 8.3% on a 72 month term. The salesman says what all salesman say. .You can just refinance it in a few months.. Question is can I negotiate the rate given? How can I be sure that is the rate CF provided and not a padded rate the dealer is giving me to make back some of the loss on the vehicle.

I bought my 2020 Max Tow Sport on 72mos at %5.4 with a high 700 score. This was right before the pandemic and lots has changed. Also probably depends part of country your in .

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[it_trailblzr]

Do like I did, go to your bank, get a quote, go to the dealer, let them bid you lower.
They want to make ALL OF THE MONEY, and if it means they get less on financing, they are far better off making less % wise than making nothing at all on the back end.

 

[ShawnL]

So, $11 off MSRP seems like a screaming deal but in order to get there I had to sell my soul to Chrysler Financial it seems. For someone with mid 800 credit you would think CF could do better than 8.3% on a 72 month term. The salesman says what all salesman say. .You can just refinance it in a few months.. Question is can I negotiate the rate given? How can I be sure that is the rate CF provided and not a padded rate the dealer is giving me to make back some of the loss on the vehicle.

It’s a shell game. When I bought my Mojave right on their website they were running a finance promo . After I negotiated a low purchase price they would not honor the Jeep corporate promo rate. I used capitalone and the rate was 50% less than the dealer would do. Crooks!! Sent a message to corporate about my displeasure, crickets!!

 

[WanderingJ]

I screwed up when getting mine. Built in Sept '22, went for the 0% 72 months on overland. Ordered it. Gets shipped and then my dealer and I realize, we built a '23 and the deal was only on '22. He tried everything and then tried to find other deals. I was irritated but I couldn't be mad at the dealer. He wasn't pulling any over on me, my parents know him (the owner) and I was getting the overland at cost. ended up with a 4.9% apr 72 months from local bank. if they ever drop again, I'll refinance

 

[Simplejack]

1.9% for 72months in texas on 2022 Gladiators

 

[CJ99x]

So, $11 off MSRP seems like a screaming deal but in order to get there I had to sell my soul to Chrysler Financial it seems. For someone with mid 800 credit you would think CF could do better than 8.3% on a 72 month term. The salesman says what all salesman say. .You can just refinance it in a few months.. Question is can I negotiate the rate given? How can I be sure that is the rate CF provided and not a padded rate the dealer is giving me to make back some of the loss on the vehicle.

Been thinking about looking at left over 22s and see if I can find a Mojave to upgrade my Willy's. If I could find a decent offer on my Willy's I may move on up.

 

[tjk]

Late to reply, but I bought end of year 2020 (2021MY) and had financing ready to go through Navy Federal. The salesman on my test drive told me I could call navy fed and have them convert it to a refinance for a new car loan, and I took dealer financing I’d save an additional $2k. As soon as the title came in a couple weeks later I went into navy federal, got the check, walked across the parking lot to Wells Fargo and paid off the first loan. If I did the math right, to save $2k it cost me $77 in interest over that couple week period.

 

[NightFog]

Fed Fund rate is currently at 4.50% - 4.75%. The Fed will likely raise rates again by .25% at the next Fed meeting, at the end of March and there will likely be more rate increases. to follow.

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