2014 Ram 1500 Slt on 2040-cars

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New auto loans could soon extend out to 84 months

Cars and trucks are more expensive than ever before. In order to boost sales and help consumers afford new vehicles, automakers are offering longer and longer terms for auto loans. This past week, Bloomberg reported that FCA's Ram Trucks division is currently offering the longest loans. Some stretch to 73 months. Jeep, Fiat and Chevy aren't far behind. More noteworthy is that we'll likely soon see lenders moving from 73-month to 84-month loans. That's seven years worth of interest. More than two-thirds of US auto sales come from light trucks like the Ford F-150, Chevy Silverado and Ram 1500. The average transaction price of a new vehicle is well over $30,000. It's not difficult to spec out a heavily-optioned truck up to $60,000. Vehicles depreciate from the moment they roll off a dealer lot, and these six or seven-year loans could hurt consumers and lenders both in the long run. The U.S. Senate voted last week to kill rules that would prevent discriminatory auto lending. These Obama-era guidelines were meant to curtail lenders who offered higher loans based on race, religion, sex or national origin. Related Video: News Source: Bloomberg Chevrolet Fiat RAM Car Buying car loan car values

2022 Ram 1500 BackCountry bundles a bunch of off-road bits

The Chicago Auto Show is coming up this week, and Ram is leading the reveals with exactly what we would expect for the show: a special trim level of a pickup truck. It's the 2022 Ram 1500 BackCountry, and it's based on the Big Horn and Lone Star models, but gets its own color scheme and a bundle of features for off-roading and for bed functionality. The BackCountry will be identifiable mainly by its two-tone color scheme with a black lower section. That's matched by many more black accents including the wheels, mirrors, headlight bezels, badging and exhaust tips. It also has running boards and a body-color grille and tonneau cover. But what earns it the BackCountry name are the functional parts. It adds to the Big Horn's standard features list the Off-Road Group and the Bed Utility Group. The former includes all-terrain tires, off-road shocks, hill-descent control, electronic rear differential lock, and skid plates to protect the front suspension, power steering, transfer case and fuel tank. The latter adds a spray-in bedliner, bed lighting, bed step and adjustable tie-down points. If you add the RamBox bed-side storage, it includes a bed extender. The interior is fairly plain with black cloth, but you get bucket seats and a 7-inch touchscreen. The dashboard is also adorned with a BackCountry badge. The BackCountry starts at $41,780. These features are available on the Big Horn trim, but the cheapest way to get them is $45,470, so the BackCountry is a significant discount if you're looking for some off-road capability in your Ram. It's available in both Crew Cab and the slightly shorter Quad Cab configurations with either the regular 5.7-liter V8 or the eTorque version of the same engine. Naturally, four-wheel-drive is the only driveline option. You'll be able to get one in the third quarter of this year. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

UAW workers in Indiana, Stellantis reach tentative deal to end strike

United Auto Workers union members who went on strike Saturday at the Stellantis casting plant in Indiana have reached a tentative deal with the company. The UAW Local 1166 bargaining committee announced a tentative agreement in a blog post, saying that a ratification vote would be held Monday. Stellantis confirmed the tentative deal Monday. The strike was related to health and safety issues, including the company’s alleged refusal to repair and replace the plantÂ’s air conditioning and heating systems. The 35-acre plant in Kokomo makes parts used in the power trains of Chrysler, Dodge, Jeep and RAM vehicles. The 1,200-worker plant, Kokomo Casting, is the worldÂ’s largest die cast facility, according to Stellantis. In May, Stellantis announced a $2.5 billion joint venture with Samsung to build an electric vehicle battery factory in Kokomo that is to employ 1,400 workers. Stellantis, created last year through the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, had said it would build two electric vehicle battery factories in North America. The other is slated for Windsor, Ontario. Plants/Manufacturing UAW/Unions Chrysler Dodge Jeep RAM