Dodge Offers Interest-Free 72-Month Loans For Hellcats On Labor Day

Labor Day in America. It’s the unofficial end of summer, and over the course of a typical year, automakers are usually making decent deals for buyers of new cars. It is not a typical year – it is 2020 and all car manufacturers around the world have been affected to some extent by the coronavirus. That means there could be some pretty good deals on cars you wouldn’t see otherwise – like Dodge’s terrible Charger and Challenger Hellcat twins.

In this case, the offer is not a price reduction. Rather, it comes in the form of an interest-free financing offer for up to 72 months, depending on Cars Direct. Basic math tells us it’s six years, and for hungry Hellcat buyers who can’t afford the exorbitant monthly payments on a short-term, low-interest loan, this might be an alternative. plausible. Of course, we’re still talking about starting prices over $ 60,000 for the Challenger SRT Hellcat and over $ 70,000 for the Charger SRT Hellcat.

The Hellcats haven’t gone entirely without discounts this year. In fact, Dodge still has cash back offers that can reduce the sticker price by as much as $ 8,000 in some situations. Unfortunately, cashback and finance offers cannot be combined, but Cars Direct calculated that the savings could exceed $ 11,000, depending on the terms of the loan.

One example compared a $ 72,000 car funded at zero percent versus the same car with a $ 7,970 rebate and 5% finance. Over six years, the best deal was the interest-free loan over $ 2,000, and the monthly payment was even lower. Granted, it was still $ 1,000 a month, but it was lower.

With these long term loans, however, comes the problem of vehicle depreciation and negative equity. Hellcat-powered challengers and chargers certainly retain their value better compared to less aggressive siblings, but values ​​are still dropping. With buyers focusing on the glory of owning a new car, especially a car over 700 horsepower, thinking about negative equity in the longer term doesn’t always get the consideration it deserves. As always, the buyer is wary.

Offer runs through September 30 for Dodge Hellcat vehicles in stock.

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