RAM Finance Terms You Should Know Before You Shop

RAM financing

 

If you’re thinking about upgrading your ride, you may have questions about RAM finance that the pros in our RAM finance center will be happy to answer. Drivers who are about to dip their toe in the automotive marketplace often inquire about the meaning of financing terms, and we’re always happy to provide them with the details. 

Deciphering Key Terms

Buying an automobile at Woodhouse Chrysler Dodge Jeep® RAM Sioux City isn’t supposed to be a mysterious experience. We want our clients to understand the car-buying process from start to finish, which is why we believe it’s important for local drivers to be fully informed about the meanings of key finance terms.

Here are some of the RAM finance terms you should know along with their definitions:

  • Incentives: We often have RAM dealership incentives. The RAM brand also typically offers incentives to drive sales in a slow market or when inventory builds up. We often pass on the financial benefits of a manufacturer’s incentives to our clients.
  • Used car specials: Whether you want a used RAM truck or one of our Certified Pre-Owned vehicles, you may qualify for a used car special if you make your upcoming purchase at our RAM dealership. These specials typically originate at our location and they give area motorists the chance to save money on pre-owned automobiles.
  • Depreciation: This term refers to the value that a vehicle loses over time. In general, new and newer cars depreciate faster than their older brethren.
  • Money down: Also known as a down payment, money down refers to the money you’ll pay out-of-pocket when you purchase a vehicle. The more money down you provide, the less you’ll have to borrow and the lower your monthly loan payments will be.
  • Trade-in: If you’re going to give up your current car and ask us to work it into a deal for another one, it means you’re trading in your existing vehicle. You can use our Value Your Trade tool to get an idea of what your current automobile is worth before you trade it.

Visit Our RAM Finance Center

Whether you want to get one of the latest RAM trucks or a pre-owned RAM 1500, our finance experts can help you secure an auto loan. Even if your credit is bad, we can still help you finance a new or new-to-you vehicle.

To find and finance an automobile today, visit Woodhouse Chrysler Dodge Jeep RAM Sioux City!