[njsteve]

I haven't financed a car in decades. I always paid outright for it/trade-ins and cash.

So what am I actually paying for in this chart if I, for example paid 50% down on a $80,000 Redeye and financed $40K at the alleged 0% for 60 months?

40x16.67 = 666.80 per month?

If I simply divide $40,000 by 60 months I get $666.66 (Totally ignoring the comically appropriate "666" theme running through the Hellcat purchase math).

From anyone who has gone the 0% route, were there any other fees involved?

 

[Squidvicious]

I haven't financed a car in decades. I always paid outright for it/trade-ins and cash.

So what am I actually paying for in this chart if I, for example paid 50% down on a $80,000 Redeye and financed $40K at the alleged 0% for 60 months?

40x16.67 = 666.80 per month?

If I simply divide $40,000 by 60 months I get $666.66 (Totally ignoring the comically appropriate "666" theme running through the Hellcat purchase math).

From anyone who has gone the 0% route, were there any other fees involved?


View attachment 588414

You are correct…no additional fees. I thought it was 0 for 72 though, that is what I did last June.

 

[ZelS001]

When I went on the Dodge website, it only stated 0% APR for 36 months… bummer

 

[njsteve]

See the chart above. When you click on "show disclosure" below the 36 month verbiage on the website it brings up this chart. Looks like alll the various month plans apply.

 

[ZelS001]

See the chart above. When you click on "show disclosure" below the 36 month verbiage on the website it brings up this chart. Looks like alll the various month plans apply.

Yes noticed that. I just hope it’s throughout the year because I won’t be able to get my order in until the end of the year, after my deployment.

 

[cam1217]

Thank god I saw this post lol, my HC arrives next weekend at the dealer

 

[Rockster]

$40,000 / divided by 60 equals $666.67.

For $40,000 financed, from the chart:

$16.67 * 40 equals $666.80. Times 60 equals $40,008.00.

Going by the chart looks like you would pay about $8 "more" for the car than just simply dividing $40,000 by 60 months. That's small enough to be (probably) explained by rounding up.

If you have that $40K invested or in some way -- CD? -- making money then you can continue to make money at the "expense" and trouble of making a car payment every month, for 60 months or 5 years...

Also, "Making money" is a relative term. No CD pays enough interest to cover inflation and chances are you pay taxes on any interest the CD does earn you. If you have the money in the stock market you might be doing better at least with capital gains and dividends but there is still taxes to take into account.

However to get that 0.0% financing you have to pay the price given to you by the dealer. The current situation has things in the new (and used) car biz all mixed up but generally one can negotiate a lower purchase price and even though he has to tap his cash reserves to pay for the car he comes out money ahead. IOWs you are paying a "premium" price for the car to qualify for 0.0% interest. It bears saying: There is no such thing as a free lunch.

 

[mrl859]

$40,000 / divided by 60 equals $666.67.

For $40,000 financed, from the chart:

$16.67 * 40 equals $666.80. Times 60 equals $40,008.00.

Going by the chart looks like you would pay about $8 "more" for the car than just simply dividing $40,000 by 60 months. That's small enough to be (probably) explained by rounding up.

If you have that $40K invested or in some way -- CD? -- making money then you can continue to make money at the "expense" and trouble of making a car payment every month, for 60 months or 5 years...

Also, "Making money" is a relative term. No CD pays enough interest to cover inflation and chances are you pay taxes on any interest the CD does earn you. If you have the money in the stock market you might be doing better at least with capital gains and dividends but there is still taxes to take into account.

However to get that 0.0% financing you have to pay the price given to you by the dealer. The current situation has things in the new (and used) car biz all mixed up but generally one can negotiate a lower purchase price and even though he has to tap his cash reserves to pay for the car he comes out money ahead. IOWs you are paying a "premium" price for the car to qualify for 0.0% interest. It bears saying: There is no such thing as a free lunch.

When I ordered from Jake in August (December purchase), I got his discount price and 0 percent. The financing aspect seemed to have no role in the pricing.

 

[njsteve]

Thank god I saw this post lol, my HC arrives next weekend at the dealer

Nice timing! Lucky [email protected]#$%^d !

 

[njsteve]

Also, "Making money" is a relative term. No CD pays enough interest to cover inflation and chances are you pay taxes on any interest the CD does earn you. If you have the money in the stock market you might be doing better at least with capital gains and dividends but there is still taxes to take into account.

However to get that 0.0% financing you have to pay the price given to you by the dealer. The current situation has things in the new (and used) car biz all mixed up but generally one can negotiate a lower purchase price and even though he has to tap his cash reserves to pay for the car he comes out money ahead. IOWs you are paying a "premium" price for the car to qualify for 0.0% interest. It bears saying: There is no such thing as a free lunch.

I already have the locked-in 6%-under invoice deal from Koons on my order. I'm in the process of selling my 70 Cuda and the money will most likely go right into the Redeye but I could do the 0%, invest the unspent money and aim for getting some returns on investing the Cuda money. We shall see. I only ordered the car last week.

 

[Bored Panduh]

I haven't financed a car in decades. I always paid outright for it/trade-ins and cash.

So what am I actually paying for in this chart if I, for example paid 50% down on a $80,000 Redeye and financed $40K at the alleged 0% for 60 months?

40x16.67 = 666.80 per month?

If I simply divide $40,000 by 60 months I get $666.66 (Totally ignoring the comically appropriate "666" theme running through the Hellcat purchase math).

From anyone who has gone the 0% route, were there any other fees involved?


View attachment 588414

I didn't get 0% but I got 0.9%. The only other fees are tax and if you take the insurance the dealership pushes. If not then you're right in with your math

 

[AeroF16]

I already have the locked-in 6%-under invoice deal from Koons on my order. I'm in the process of selling my 70 Cuda and the money will most likely go right into the Redeye but I could do the 0%, invest the unspent money and aim for getting some returns on investing the Cuda money. We shall see. I only ordered the car last week.

That is exactly what I’d do with the money unless you’ll be needing it.

 

[Citrus90]

0% just came down for ‘22s?! Wow! We were just posting about this earlier today. What absurd timing - some guys on will have to eat their words, if this is accurate.

 

[Germansheperd]

0% just came down for ‘22s?! Wow! We were just posting about this earlier today. What absurd timing - some guys on will have to eat their words, if this is accurate.

Nobody is eating anything. Its for 36mos. Not many people are going to sign up for $2100-$2600 a month car payments.
0 for 36 lets them do the ad for 0% and like 6 people in the country do it.

 

[njsteve]

Look at the chart above. It is not just for 36 months. It offers it up to 84 months at 0%. They have to plug something into the incentive ad since they can't put that entire chart on the page.

 

[Germansheperd]

Look at the chart above. It is not just for 36 months. It offers it up to 84 months at 0%. They have to plug something into the incentive ad since they can't put that entire chart on the page.

Dude stop it is just a chart. This is directly from Dodge’s website updated today. There is NO 84mo at 0%, ONLY 36 for 0%

 

[Germansheperd]

I haven't financed a car in decades. I always paid outright for it/trade-ins and cash.

So what am I actually paying for in this chart if I, for example paid 50% down on a $80,000 Redeye and financed $40K at the alleged 0% for 60 months?

40x16.67 = 666.80 per month?

If I simply divide $40,000 by 60 months I get $666.66 (Totally ignoring the comically appropriate "666" theme running through the Hellcat purchase math).

From anyone who has gone the 0% route, were there any other fees involved?


View attachment 588414

Your math is wrong and doesn’t exist

 

[Unstable Vic]

Dude stop it is just a chart. This is directly from Dodge’s website updated today. There is NO 84mo at 0%, ONLY 36 for 0% View attachment 588441

Exactly correct. The chart is just a chart. The longer the terms undoubtedly the higher the rate. The chart is almost useless.

 

[Unstable Vic]

Look at the chart above. It is not just for 36 months. It offers it up to 84 months at 0%. They have to plug something into the incentive ad since they can't put that entire chart on the page.

Would you like to buy the Brooklyn Bridge from me lololol

 

[SRTHCatGirl]

I haven't financed a car in decades. I always paid outright for it/trade-ins and cash.

So what am I actually paying for in this chart if I, for example paid 50% down on a $80,000 Redeye and financed $40K at the alleged 0% for 60 months?

40x16.67 = 666.80 per month?

If I simply divide $40,000 by 60 months I get $666.66 (Totally ignoring the comically appropriate "666" theme running through the Hellcat purchase math).

From anyone who has gone the 0% route, were there any other fees involved?


View attachment 588414

I just purchased a Hellcat at 0% for 72 months. I looked at their web site and it looks like they still have it until the end of the month. No extra fees - however, you have to have excellent credit. It was a no brainer for me. Traded in a 392 Daytona Charger for $4,000 less than what I paid for it 4 years ago. Awesome equity & zero percent = dream car.