The Dodge Ram, now rebranded as the Ram Truck, is an American staple when it comes to powerful, dependable trucks. Getting one doesn't have to empty your wallet. If you want to learn more about the Dodge Ram, you can do a quick online search.
Why a Dodge Ram?
Before delving into cost-saving techniques, it's crucial to understand what makes a Dodge Ram—or Ram Truck—a sought-after vehicle. Known for its potent V6 and V8 engine options, advanced towing capabilities, and state-of-the-art safety features, the Ram is a versatile and robust machine. With a price range of approximately $32,000 to $70,000 as of 2021, depending on the model and additional features, getting a good deal can make a significant difference.
Used vs. Certified Pre-Owned
One of the most immediate ways to get a Dodge Ram for less is to consider a used or Certified Pre-Owned (CPO) model. Both options can save you a lot compared to buying new.
Used Rams: You can typically find used Dodge Rams for anywhere between $15,000 and $40,000, depending on the model year, mileage, and condition.
CPO Rams: These are used models that have been inspected and certified by the manufacturer. Expect to pay a bit more—around $25,000 to $50,000—but they come with extended warranties and often lower interest rates.
Explore Rebates and Incentives
Rebates and incentives can offer substantial savings on a new Dodge Ram. These promotional offers can come directly from the manufacturer or local dealerships.
Cash Rebates: This is a direct reduction in the vehicle's price and can sometimes amount to several thousand dollars.
Financing Offers: Some promotions include 0% APR for a certain period, which can save you a significant amount in interest payments.
Keep tabs on the manufacturer’s website and your local dealerships to capitalize on these discounts.
Consider Lower Trim Levels
The Dodge Ram comes in multiple trims, each with its own set of features and price tags. You can save considerably by opting for a lower trim level.
Tradesman: This is the base model, typically starting at around $32,000. It provides the essentials and is an excellent option if you don’t require advanced features.
Big Horn: Starting in the mid-$30,000 range, this trim provides a bit more in terms of interior quality and tech features.
Leasing as an Alternative
If ownership isn't a requirement for you, leasing is another route to consider. Leasing a Dodge Ram allows you to drive the vehicle for a specified period, usually 2-3 years, while making lower monthly payments compared to purchasing. Do note that you will not own the vehicle at the end of the lease term.
Don't underestimate the power of negotiation when you’re looking to buy a Dodge Ram for cheap. Dealers often have some wiggle room in terms of pricing, extra features, or even financing rates.
Know the Market: Be sure to understand the fair market value for the specific model and trim you’re interested in.
Be Willing to Walk: Sometimes the mere act of walking away can entice a dealer to offer a better deal.
Buying a car online might seem unconventional, but it can offer you the advantage of comparison shopping from the comfort of your home. Websites like Autotrader and CarGurus allow you to compare prices from various dealerships, providing you with the leverage to negotiate better deals locally or find a cheaper option in another state.
Trade-Ins and Down Payments
If you currently own a vehicle, trading it in can offset the cost of a new or used Dodge Ram. The trade-in value will depend on various factors, including the age, model, and condition of your current vehicle. A larger down payment can also help to reduce your monthly payments.
Although it might be tempting to go for the lowest monthly payments, this can sometimes result in higher interest rates and a longer loan term, increasing the overall cost of the vehicle. Consider various loan options and seek pre-approval to give yourself an edge during negotiations.
Seasonal and Time-based Purchasing
Dealerships often offer end-of-year or seasonal promotions. Additionally, new model releases can prompt dealerships to clear out older inventory at discounted prices. Timing your purchase to coincide with these periods can net you significant savings.
Getting a Dodge Ram doesn’t have to be a financial strain. From opting for used or Certified Pre-Owned models to leveraging rebates, incentives, and smart financing, there are numerous avenues for securing this legendary American truck at an affordable price. Your dream Dodge Ram might be more attainable than you think, especially if you take the time to explore all your options.