What are you all paying monthly for your trucks? I'll be in the market very soon and would love to get a feel for what everybody's paying. Thanks in advance.

 

Look here:

https://dodgeforum.com/forum/3rd-gen...r-durango.html

Maybe that thread should be pinned?

 

Thanks, but Iam looking for actual monthly payments.

 

Ok. I never understand though why some people insist on comparing monthly payments. Depends on sale price, trade in, any addl downpayment, duration and interest based on credit rating, etc. Somebody could have a $300 payment, another $700, and for the exact same vehicle.

 

I have a Citadel, HEM, Tow Package. Paid 41k, but put 30k down so my note is only about 180 a month. I hate having huge notes, the more you put down the better you'll be because you're preventing the car value to ever drop below what you actually owe on the car.

 

It is difficult to compare I agree, he will just have to make a deal that he is comfortable with.

 

I disagree. With interest rates as low as they are... you could have kept that 30k and invested it. That makes the money work for you.

I never put money down on a car.. but I also never purchase one that is not a good deal. A good deal to me is knowing that if I lost my job in a week I could turn around and sell it for what it cost me.

If you get gap insurance and pay nothing down and have wreck in the first month that totals the vehicle you would lose NOTHING.

In your case you paid 30k already for a 41k vehicle. You total it and the insurance says its worth 34. You just lost $6k by going your route.

The key to keeping monthly payments low is to not discuss them with the salesman. Tell him you will worry about that when you get to financing. Get the vehicle as low as you can with the salesman. Make him work for the sale. Then do research and notice what local banks are offering at the time. For example penfed.com has 2.49 for 60 months. A local CU here has 2.9% for 72. Demand the dealer beat that or you will go to the bank and get the loan yourself.

 

Paid cash so no payments

 

Don't hide I love your Purchase...lol!

 

There are several online loan calculators that are very helpful in determining payments. Some will tell you what you can afford if you put in the monthly payment you are willing to make and others just allow you to input all the info such as price, tax percentage, interest rate, and term of loan. I happened to use the one from my credit union which is giving 1.99% for up to 72 months. It is free to use their calculator at DCU.org if you are interested.