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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

Ram confirms Fiat Ducato vans to form new Promaster series for US

Chrysler has officially confirmed that Ram will develop an all-new large van for the US market based on the Fiat Ducato. The commercial rig will go on sale in the third quarter of next year, joining the Ram C/V on the company's professional van line. Expect to see the Promaster face off against the Ford Transit and revised Chevrolet Express.
Chrysler is pretty skimpy on details when it comes to the Promaster, but it has said the vehicle will make use of "familiar Ram Truck styling cues." The van will reportedly also bow with powertrains targeted specifically at the North American market.
Chrysler and Ram made the announcement ahead of the LA Auto Show alongside news that the company will launch a new Ram commercial truck division.

Reddit user leaks photo of unmasked 2019 Ram 1500

A Reddit user has provided the best look yet at the new 2019 Ram 1500, which will be revealed officially Jan. 15 at the Detroit Auto Show. The photo shows the entire truck, without camouflage, from inside a Fiat-Chrysler plant. Clearly visible is the pickup's new grille, prominent RAM logo, and new, sculpted body. We'd previously seen spy shots of the redesigned front end with factory paint, the interior and its new split chrome bar badge and integrated headlights. Thanks to a long series of leaks dribbling out, here is everything we know about the new Ram 1500. It'll get a 5.7-liter Hemi V8 engine, probably a 3.6-liter gasoline V6 version and possibly a new version of the EcoDiesel V6. It's mostly made of steel, except for aluminum in the hood and tailgate to save weight. Buyers will get the option of a split barn door-style tailgate and advanced safety tech features. Inside will be a vertically oriented touchscreen available with hard buttons for climate control and a volume knob and redundant multi-purpose control knob. Look for all of the official photos plus our own coverage of the 2019 Ram 1500 at the 2018 North American International Auto Show. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: Reddit Spy Photos Detroit Auto Show RAM Truck