guitarx9002
Junior Member
So I ended up buying my 2020 Ram 1500 out. North Edition, Crew Cab, extended bed. Buyout was around $31000. Credit is damaged pretty badly but I had an opportunity to get a cosigner and deal with a dealership where a family friend works out of that delt with the buyout and financing...
This might get into personal information, but I want to know what others have to say about this as this is my first time buying out a vehicle and not leasing and thoughts on what happened...
- Total Loan was about $39,850 (does not include interest @ 72 months with 9.99%)
- Buyout from leasing company was around $31,000.
- Gap Insurance and Warranty was about $1,500.
- Sales tax in OH is about $2,500.00
That leaves $4,850...
How bad did I get ripped off? I am just nervous about trading this in in the next few years if I wanted to and the bad deal I got...
Thoughts?
This might get into personal information, but I want to know what others have to say about this as this is my first time buying out a vehicle and not leasing and thoughts on what happened...
- Total Loan was about $39,850 (does not include interest @ 72 months with 9.99%)
- Buyout from leasing company was around $31,000.
- Gap Insurance and Warranty was about $1,500.
- Sales tax in OH is about $2,500.00
That leaves $4,850...
How bad did I get ripped off? I am just nervous about trading this in in the next few years if I wanted to and the bad deal I got...
Thoughts?
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