RAM 1500 Financing in Toronto

Most RAM 1500 finance ads in the GTA quote a weekly payment that is not the payment. Freight on a RAM 1500 runs $2,695 on its own — five hundred dollars more than the Jeep and Dodge models sitting on the same lot — and once air tax, admin and the OMVIC fee land on the contract, the number that pulled you across the city is no longer the number you are signing.

CDD6 quotes RAM 1500 financing all-in. Every dealer-controlled cost is already inside the advertised weekly payment. Only HST and licensing are added, because the government collects those and the dealership does not. The figures come off the lender’s deal summary for that specific truck — they are not worked backwards from a payment somebody wanted to advertise.

Cost of borrowing is the total interest paid across the whole term — the difference between what the truck costs and what you will have paid by the end of it. Ontario lenders must disclose it, and it is the most useful number for comparing two finance offers, because a longer term almost always produces a smaller weekly payment and a larger cost of borrowing.

Two RAM 1500 offers at the same weekly payment can differ by thousands once the term is accounted for. That is why the finance figures published here come from the dealership’s own deal summary rather than a payment calculator: the amount financed, the cost of borrowing and the total obligation are the lender’s numbers for that truck, on that term, at that rate.

Ask for all three before signing anything, at any dealership. If a salesperson can quote a weekly payment but not a cost of borrowing, you are not being shown the whole deal.

Financing builds equity. At the end of the term the truck is yours, there is no kilometre limit, and you can modify it, tow with it and sell it whenever you like. That suits high-kilometre drivers and anyone who keeps a truck past the warranty.

Leasing keeps the weekly payment lower and hands the depreciation risk back to the lender, but it caps annual kilometres and the truck goes back at the end. For a RAM 1500 used as an actual work truck, the kilometre cap is usually what decides it — excess-kilometre charges on a half-ton add up faster than most people expect.

Both are available on every RAM 1500 at Golden Mile Chrysler, and Nav will run the numbers side by side on the phone rather than steering you to whichever one pays the store better.