Dodge Rams have long been celebrated for their power and performance. If you’re in the market for a rugged truck that combines dependability, impressive towing capabilities, and superior handling, the Dodge Ram is a top choice. And now’s a great time to buy or lease one because dealerships are offering amazing deals. These offers include attractive financing deals and cash rebates. Start a search today to find great deals on new and used Dodge Rams.
Shutterstock: Lasting Shutter StudioWhy It’s a Great Time To Buy a Dodge Ram
There’s currently an oversupply of Dodge Ram trucks, which means dealerships are eager to move their inventory. This scenario has created an opportune moment for potential buyers. Discounts are soaring, in some cases reaching values worth nearly $14,000 off select Dodge Ram trucks.1 As a result, this could be a golden opportunity to own a piece of American automotive excellence without breaking the bank.
Special Dodge Ram Deals Available Right Now
Dealerships offer a variety of deals to accommodate different buyer preferences and budgets. Understanding these deals can help you make the most informed decision when purchasing a vehicle. Here’s a snapshot of current Dodge Ram 1500 deals as of May 2023:
Financing Deals
These deals typically involve low APRs, making it easier for buyers to finance their Dodge Ram without heavy interest rates. An example of such a deal for 2023 is financing at a low 2.9% APR for 72 months.
Cash Allowances
Cash allowances offer immediate savings on your purchase. In this case, buyers receive an upfront discount on the purchase price of the vehicle. One such deal currently available is a $7,980 cash allowance on select Dodge Ram models.
MSRP Discounts
MSRP discounts involve reductions from the Manufacturer’s Suggested Retail Price, making the vehicle more affordable. Right now, one special deal is a 10% discount off the MSRP on certain Dodge Ram trucks.
Lease Deals
Lease deals provide an option for individuals not wanting to commit to outright ownership. With this type of deal, you can enjoy low monthly payments over a set period. One such enticing lease deal is the option to lease a Dodge Ram for $463 per month for 42 months.2
Bonus Incentives Are Also Worth Exploring
In appreciation of the people who serve our country and communities, Dodge offers additional incentives. For example, these bonus incentives are available:
- Military and Veteran Discount: Dodge values the service of our military personnel and veterans, understanding the enormous sacrifices they make. In recognition of their dedication, Dodge offers a $500 Military Bonus Cash incentive.
- First Responders Discount: Similarly, Dodge extends its gratitude to our first responders with a $500 Bonus Cash incentive. This deal is available to first responders like police officers, firefighters, EMTs, paramedics, and 911 dispatchers.
These bonus incentives recognize the brave individuals who make sacrifices to ensure our safety and freedom every day.3
Negotiating Your Dodge Ram Deal
While negotiating might seem intimidating, it’s a crucial step in the car-buying process. Fortunately, you can use a few smart strategies to secure an even better deal on your Dodge Ram.
Do Your Homework
Knowledge is power. Research the different models, their MSRP, and available incentives before you step into the dealership. Knowing the market rate for your desired model helps you spot a good deal when you see one.
Pre-Approved Financing
Getting pre-approved for a car loan from your bank or credit union gives you a clear budget and strengthens your negotiating position. Dealerships might even compete to offer you a better financing rate.
Negotiate the Total Price
Dealerships often focus on the monthly payment during negotiations. While that’s important, don’t lose sight of the total price of the vehicle. Lower monthly payments might simply mean you’re paying off the car for a longer period.
Use Timing to Your Advantage
Dealerships typically have sales targets. Shopping at the end of the month or quarter can yield better deals as salespeople strive to hit their quotas. Additionally, holiday weekends and the end of the year can be great times to score deals.
Don’t Be Afraid to Walk Away
If you’re not getting the deal you want, don’t hesitate to walk away. There will always be another truck, another deal, another day.
Leverage the Competition
Let the salesperson know that you’re looking at similar models from other manufacturers or better deals from other dealerships. They might be more inclined to negotiate to secure your business.
With these strategies, you’ll be well-equipped to negotiate a great deal and drive off the dealership lot with your new Dodge Ram for less.4
Buying a Used Dodge Ram Is Another Way To Save
Those looking for a great deal may want to consider buying a used Dodge Ram. Vehicles depreciate the most during the first few years of ownership. So, a slightly older Dodge Ram can offer similar features and performance to 2023 models at a fraction of the cost of a new model.
When considering a used Dodge Ram, it’s essential to be vigilant. Conduct a thorough inspection of the truck, checking for signs of damage or rust, and test all the electronic features. Also, check the truck’s maintenance records and vehicle history report.
Dodge’s Certified Pre-Owned (CPO) program is worth considering. CPO vehicles undergo rigorous inspections and come with extended warranties, offering additional peace of mind. With a keen eye and a careful approach, buying a used Dodge Ram can be a smart way to save.5
The Bottom Line
The Dodge Ram offers a potent combination of power, dependability, and style that’s hard to beat. Whether you’re looking at new or used models, the attractive deals being offered right now make this an opportune time to make a purchase. From substantial MSRP discounts to appealing financing options, available deals make the Dodge Ram an affordable choice.
