The variants in the Ram 1500 series are true commercial workhorses, featuring excellent long haul and towing capacity. From heavy-duty hauling to cross country cruising, the Ram 1500 features seven different trim variants. These include the Dodge Ram Limited, Long Horn, Laramie, Rebel, Big Horn, HFE, and the base Tradesman. Each trim variant features a distinct cab and trailer.
If you are planning to get a new vehicle, the Dodge Ram 1500 series can be bought on lease to save money. Leasing is the cheapest way to get a new car on a very affordable budget. This article discusses some tips on getting the best deal on all variants of the Dodge 1500 Ram series.
Understand auto jargon
Over and above the monthly lease payment, there are other terms like capitalized cost and residual value. The former is an estimate of the selling price, while the latter is the worth of your truck at the end of its lease.
Look for subsidized deals
Check the local newspaper for those promotion ads in the auto section. You can save a lot of money with a manufacture-subsidized lease instead of leasing from the showroom.
Don’t hesitate to negotiate
You must have an estimate of the on-road market price of the truck. Explore auto websites like Kelley Blue Book and Edmunds to get the latest prices, and quote a lower price right from the beginning. Also, consider manufacturer-to-dealer incentives available on select lease deals for the Dodge Ram series to lower the invoice cost.
How to lease a truck – A guide to get the best deal
Great! You have made up your mind to lease a vehicle from the Dodge Ram 1500 series. Here is what you need to do next.
- Set your budget
Consider the total cost of the lease and not just monthly payments. This way you’ll know exactly how much to pay, and a provision can be made accordingly. Apart from the lease, consider costs like vehicle insurance, fuel expenses, and road taxes.
- Consider trade-in values
If you already own a truck and want a new Dodge Ram 1500 truck in exchange, consider the trade-in value. This number will have a considerable impact on the terms of the lease. It’s best to check with multiple vendors to understand the trade-in cost.
Consider the number of miles you plan to drive. Lease contracts have very stringent policies when it comes to mileage allowance as excess mileage charges must be paid at the lease’s end. All these add up to the value of the lease, making it more expensive.
- Credit score
Be sure to check your credit score. Most auto shops and dealers require a very good credit score, preferably above 680. A good credit score implies the customer is able to pay off debts in a timely manner.
- Compare multiple deals
Take the required time and efforts to compare deals online. Also, try to lease during the end of a selling cycle. The dealers will be under pressure to meet their quota, putting them in a vulnerable position to negotiate.
After you negotiate and agree on a price, verify the paperwork. Read and re-read terms, conditions, and payment-related guidelines before signing a lease.
Some of the variants of Dodge Ram trucks are-
- Ram 2500
- Ram 3500
- Ram Chassis Cab
- Ram 1500 Classic
- Ram Promaster City®
- Ram Promaster®