DOWN PAYMENT - 2021 Dodge Charger SCAT PACK WIDEBODY - How Much Money To Put Down On A Car - HELLCAT

[@EldenLord00]

Put 100% down. Interest rates is theft

[@tjbjjtkd]

Every car I've owned I've put down a heavy down payment only because I didn't want to end up broke after making a car payment.

[@Japes5]

This man didn’t answer not a dam thing on here lol

[@WIDEBODYNATION]

That makes sense

[@le1620081]

Imma put 10k-15k down I'm 24 bad credit and been saving $500 a week

[@eriksalazar2867]

Go for it my brother!

[@angeluceta5688]

500 a week?that's like 10m dollars by the time you are 65 in your roth ira.hope you are investing ahead of this car.good luck.enjoy the car

[@tanasaibender8042]

i seen a 28,000 dodge gt i think i should do 20% but i want my car before my birthday november 18 i don’t think i’m going to make it and i don’t have credit

[@redalrt4]

No, cars are not investments except for maybe these cars. Also, good luck paying $53K for a Scat Pack WB today. Try about $60K for a '21 model and $67K for a '22 model. Since they are going out of production in 23, depreciation appears to play a smaller role here. Prices continue to rise as final production nears. There are many examples of one/two year old cars being as valuable or more so than when new. Well optioned 2022 models are pushing $65K+. As they get more scarce, they will be become unattainable for the average low to middle income buyer.

[@yaeblens1412]

Big down payment equals less monthly payments👍🏽 I’m 22 between insurance and $0 down, my payments would b through the roof.

[@2mighty69]

I’m 19, lived in new York and is aiming to get the 2021 scatpack wide body charger by September but I have no credit, going to use my mom as a co-signer and do a 20k down payment because i want to own the car, not lease it , pretty much in the same shoe as you but I think it’s better to go on a family insurance or a close relative if you choose to get one bro.

[@luhrell034]

@@2mighty69 same thinking.....I’m thinking save 25K down on the Widebody scat and then pay it off in a few years

[@luhrell034]

@@2mighty69 hell bruh idk I might try to aim for a 16-18 hellcat cause some are under 60K

[@shannonsnyder4043]

@@2mighty69 not just lowered payments bad if you want to trade out its worth more . This guy sounds like an investment consultant. He's always referring to buying stocks

[@shannonsnyder4043]

@@2mighty69 I put 35k on my daytona 392 . Total cost was 48k . Low payments over 5yrs able me to double payment pay in 2 1/2yrs . Car is worth 42k at the end and if I want to trade they will give 43k -44k if done good negotiating on next ride.

[@Eiitotpwpaqo]

Im 17 i don’t got credit but cash is good over here, my Co sign already agreed and told me whenever I’m ready. Now I just wait until I get my License in December so probably January-February I’ll be in market

[@javitorres5620]

How much you planning to put down?

[@rakeemthompson09]

Wheel and deal em . I use my previous car as equity so all I’m paying is insurance when I walk out the door .

[@raheemfreeman5121]

What’s the best car insurance

[@pcdagreat544]

I get the microeconomics of opportunity costs, but it’s wise to put down 20% to avoid bring upside in the loan. People always say “invest” the money, but a down payment should be saved from disposable income outside of your normal family savings, 401k, etc. Let’s be honest the average person quoting “investment opportunity” as an excuse not to put down a proper down payment doesn’t even have a fully funded emergency fund or fully vested into a 401k so it’s a high percentage they aren’t going to be investing anything into stocks. Most videos I see with these Chargers are payment buyers. Financially savvy shoppers ask how much, broke people ask how much a month. Just my take. Awesome video on the topic and I really like your take!

[@910suave]

This isn’t necessarily true. Your invest could be getting your CDL which pays 2500-7000 weekly so you could potentially make that back within the first two months of not putting down the down payment

[@HollywoodTJ585]

the big rule of thumb is to put at least 20% down on the car price to get a good range of monthly payments

[@justme9814]

Great video

[@WIDEBODYNATION]

Thanks!

[@PlexYG]

I bought 2023 brand new but am rent 1k months is good 3 year we are done 2026

[@agent47idk15]

Really needed this because im putting a down payment to finance a 2021 widebody scatpack

[@millsmile2595]

I’m a 0 down type of person, thanks for the breakdown.

[@WIDEBODYNATION]

Nice! Let the banks and insurance companies take the hit when some rando crashes our car

[@Serglofrm]

@@WIDEBODYNATION I put zero down and got gap insurance on my first car. Totalled in 15 months and that cemented this way of thinking in my head forever

[@andyredvest37]

Can you put zero down with bad credit

[@toolivepee9553]

Why Wouldn’t they give me the damn car lol 😂

[@David-yz3if]

@@andyredvest37 no

[@agent47idk15]

I’m putting 2,500 on a brand new widebody. My credit score is good asf for it. I have gap insurance already cuz my other car got stolen and it rolled onto the new car im gettin so luckily dont have to finance it again

[@nofacevevo3546]

Ay did u get it

[@agent47idk15]

@@nofacevevo3546 nah i got a Camaro. I got tired of dodge

[@KBMCTLR]

My credit is at 600 with nothing bad on it I was at 730 has a 2009 Nissan maxima paid it off then got a 2016 Dodge charger scat Rallye now I'm trying to get a scat charger or challenger how much down

[@shawnpetty3837]

Lease $0 down always. Finance - Up to $5k, but you raise very excellent points when you actually plan to invest that $5k. If you aren't going to follow through with the investments then you should just simply put it down on the car and reduce that payment.

[@waybach]

But arent you gambling the 5k when investing in stocks? What if another Covid happens and the market crashes? Is it worth the risk?

[@terrieonturner3668]

I’m a 2000$ type of person wsp ?

[@markim5087]

Man I either buy cash, or put a huge down payment because lower payments, and I plan on keeping it and hate payments, I’m planning on 50% down on a redeye..

[@910suave]

If you put 5000 down it’ll only lower your payments like 72$ less than the original payment

[@angeluceta5688]

@@910suave nothing better than having a 0 monthly payment.

[@kevjmu]

Car payment on 53k car is not smart. If you invest 53k cash over 72 month loan at average yearly return of 10% per year you will have 96k in the bank. In 20 years you will have 388k. S&P 500 has averaged 10% growth per year. Buy used pay cash is what I would advise especially since car will lose 40% value in three years.

[@rockhopper01]

You, sir, are not in to buying fun cars, which is OK for YOU. Not all of us subscribe to the Dave Ramsey “cars are just transportation” argument.

[@kevjmu]

@@rockhopper01 incorrect sir I have 2017 Focus RS and love performance sports cars. My RS is paid off

[@j.vosier6786]

Do u have an email or snapchat? I have some questions

[@WIDEBODYNATION]

Certainly a good argument in line with the opportunity cost.

[@BackInService]

If you have to borrow money for it...that means you can't afford it. And that's fine and all, but to encourage people to go DEEPER into debt on a quickly depreciating asset is very bad advice.

[@frankie072]

I hate monster payments every month,so no money down is a BIG Not happening for me,if i have to worry about whatever money im putting down on a car to make me money then im not ready for that car,i have other money for that,im not knocking whatever works for others ,but it dont work for me

[@saucyy-mya]

i was thinking the same thing, very well said

[@frankie072]

@@saucyy-mya nothing worse then having enormous debt month in and month out,thats the beauty of saving before jumping into something,If i can take a loan for 72 months ,then i sure as Hell can save for a few years to soften that blow everymonth

[@saucyy-mya]

@@frankie072 facts!

[@steadycuzzin5813]

This video is for those who have outstanding credit. I don't have credit, and I heard that's worst than having bad credit. So my only option is to bring a bunch of money to the table lol. I'm actually getting ready to drop 15,000 towards a down payment on a Dodge Challenger Scat Pack Wide-Body. Yes that's a big ouch, but probably the only option I have. Especially with the Challenger going away for good. So there's probably no chance to build credit in the Lil time I have on getting this car. Especially when Markups is about to happen. I also don't have a co-signer and I'm not even sure if 15,000 will help. Never claimed to be smart, but I feel this is the only card I have to play.

[@michaelprichett0617]

I gotta do at least 5 or 6k down due to not having a long credit history

[@WIDEBODYNATION]

That is one situation that often requires a lease some amount down. Good point!

[@toolivepee9553]

Ugh

[@whatifthedogfliess506]

i am so high

[@whatifthedogfliess506]

you are so good with excel

[@magicdirt55]

I'm putting 30% down on my scat pack here soon

[@bodegaboys7475]

I’ve never put money down on a vehicle.

[@jesusvargas5446]

My credit is low 700 and want to put 12k down, do you think I can get approved without the down payment ?

[@mynamerell7392]

yes

[@sidharthchand8072]

This guy seems like the kind of guy to do insurance fraud when the new model comes out he’ll have a Oopsie on the freeway

[@WIDEBODYNATION]

Great comment

[@busterc6600]

🤣🤣🤣 dude im dead over here

[@RaiseHailCo]

I'm a zero money down type!

[@eman3414]

I like to put 0 down. Dealer's act like that cannot be done. With good credit. I'm in the market for a widebody scatpack new.

[@WIDEBODYNATION]

Nice! You’re right. What state are you looking to buy in?

[@chasesmith9398]

Depending on credit and price of car. Im a sales consultant for dodge and even 800 scores have to put money down on vehicles 80k-120k in price. Banks just wont approve it without money down sometimes.

[@filithymxney4081]

@@chasesmith9398 with a 733 credit score 100% on time history payment & no deragtory marks for regular charger that cost like 24K ? Can 0% be put down ?

[@chasesmith9398]

@@filithymxney4081 if the charger is worth more than the price yes you could put zero down. But if the bank is valuing the car like 8k below the price they'll want something up front.

[@middleburg11]

NEVER BUY GAP INSURANCE ...PUT 30%TO 50% ENOUGH $ DOWN YOU CAN'T GET GAP INSURANCE AND LOWEST PAYMENTS FOR SHORT-TERM LOAN..36 OR 48 MONTHS..IF YOU CAN'T AFFORD IT DON'T BUY IT !

[@stephancunningham2024]

Mine is 2 to 4k down but if I can get a good deal with zero down then that’s good

[@anewbadkid3270]

When you ordered your charger, when did you have to pay the down payment? When you ordered it or when it arrived at the dealer?

[@WIDEBODYNATION]

I paid a $500 deposit to order the car. Then paid for the rest of the car at the dealership 5 months later when it arrived

[@Westworldmenace2]

What website did you order the car?

[@antonioc707]

@@Westworldmenace2 just go to your nearest dodge dealership an they can order it for you

[@drebachiachi2818]

If your credit is low you definitely have to put money down for lower car payment but aye I’m all ears listening

[@andredebose7]

How do I check the status of the vehicle I've ordered? What site do I go on?

[@WIDEBODYNATION]

CDJR / FCA Customer Chat: bit.ly/CUSTOMERCHATCDJR *CDJR / FCA Build Sheet: bit.ly/BUILDSHEETCDJR *CDJR / FCA Window Sticker: bit.ly/WINDOWSTICKERCDJR *You will need to put you VIN on the back end of the link after clicking*

[@WIDEBODYNATION]

The first one is the customer chat with FCA

[@andredebose7]

Who would have more information the dealer or FCA customer chat?

[@calebconstante9234]

would the gap insurance beat or save you from negative equity? and also would it save you from a trade-in? I think of putting a down payment but with gap insurance added, it will be a big help

[@WIDEBODYNATION]

GAP doesn’t protect you from a negative equity trade in situation, but it does protect you from a negative equity total loss situation

[@manuelhurtado953]

Gap will only protect you when your car becomes totaled in an accident, gap will cover the money your insurance won’t pay

[@SelfPaid.D]

If your car is 10k but the price the dealership charges you is 15k. Gap insurance covers the backend. so regular insurance covers the original price that the car cost which is 10k. The other 5k is where gap comes in to cover the left over to keep you out of debt.

[@PyrosPelagics]

if you have to do all this calculating, planning, etc for a hellcat.. you aint making enough money. probably be better to scratch the hellcat completely and put your money and effort into something completely different.. ev is here, these cars and trucks are exponentially faster than that gas engine.. so you already lost there. put your money into something. lets not forget about car insurance and the risks of someone trying to kill you for your car or it come up missing when you go into a store.

[@yeaacamm7948]

How did you start making good money? Cause I see you have nice cars and I’m only 21 looking for ways to make more money. Any tips?

[@WIDEBODYNATION]

I’ve been in the army for about 5 years, and been actively investing my profits from Entreprenuerial ventures for about 2 years

[@WIDEBODYNATION]

I’ll have more “how to make money” videos coming out soon. Turo, stock market, Uber, networking, and much much more

[@yeaacamm7948]

@@WIDEBODYNATION bet

[@caloFi]

@@WIDEBODYNATION ye make a making money vid

[@akspeed4968]

Any idea if the FCA plant is open for widebody production?

[@WIDEBODYNATION]

I’m going to talk to corporate today about it

[@tgauthier02]

Ya im interested as well. Pre-ordered beginning of January.

[@Kc2Heatz]

I can get zero down but I like to get tax out the way.

[@WIDEBODYNATION]

Good call good call. It’s all about that interest rate

[@toolivepee9553]

Facts!

[@MonsterCike]

Can you do a video on the Mopar Service packages ? Thinking of buying 1 today

[@WIDEBODYNATION]

Just to clarify, you talking about the extended warranty you can buy at the dodge dealerships in the finance office? Or is there another product youre talking about it

[@MonsterCike]

@@WIDEBODYNATION I’m talking about the service packages I got a quote for the following Maintence package 8 years/80k miles $1290. Oil change every 10k Spark plugs, air filter, tire rotation, oil chang w

[@hothead8852]

Famou$gang🔥🔥🔥

[@WIDEBODYNATION]

Hittin every video!

[@RNDDALE]

Amc and dodge coin boys

[@WIDEBODYNATION]

Moon city

[@tr3ynag4ta]

To be honest I'd rather buy a rebuilt title scatpack 😭😭

[@drebachiachi2818]

Never put anything down? Wtf? Why not? Lol. Isn’t that smarter?

[@yuyuyu9029]

Ima put 5k rather pay the bank than the dealer

[@LBCchelsea1]

Hey man I purchased a 2022 charger scatpack widebody for sticker price 58,000. My bank offered 3.0 apr. I’m planning on financing it for 6 years.I purchased it in Costa Mesa. Would you happen to how much it would come out after sales taxes, interest and any other fees? I need to know because I don’t know if I should drop 10k for the down payment or not.

[@Juan925]

whats your credit score or what was it at the time

[@speedhGutierrez]

Always about 4k or 5k more from sticker price so like around 63k at 72 months you’re looking at 875 to 900 a month at best with good credit and 0 down . It’s best to pocket those 10k for yourself put 0 down and get gap insurance

[@johnstanson1252]

Time to get a 6.2 charger

[@CarlosMendoza-fo1pm]

What about like a 25k ?

[@cuzimaluzer777]

Is the painted hood option actually a painted hood or is it a wrap? Do you know what tires are used for the 3 season tire option? I'm trying to spec mine and I got a lot of questions if anyone can help.

[@WIDEBODYNATION]

Keep sending the questions, if you need help

[@Shelby_Moe5.2]

It’s wrapped, Pirellis tires which aren’t good at all.

[@WIDEBODYNATION]

If it’s from the factory, it’s painted. The older models like the Daytona are decals

[@terrantino]

Don’t get the painted hood option.. waste of money. You can always get someone to do it for you. Just my opinion tho.

[@NoBodyCanBeatMe85]

I have a really f*cked up experience involving the down payment I made on the GLK 350 I currently have. Long story short, I totaled a MKS that I hadn’t had even a year. So not only did I owe after the check came from the insurance, but the clock was ticking on finding a new vehicle. So add the fact that I have poor credit, Geico gave me a rental but stopped paying for it when they declared my ride a total loss and sent out a check. I have a 8 to 5 job so every day that I don’t accomplish the main task at hand, my Bank account is going down. The day I got the Benz, I had $3,500 left in the bank, I was willing to throw it all on the table. I was not leaving without a vehicle one more day. I was completely vulnerable and them Gilman assholes picked up on it. Not even my daddy ever done me this bad when I was a dumb f*cling kid growing up. The sticker price on a ‘12 Mercedes GLK 350 was 8K. I paid $3,500 down. And got snaked into a 72 month/ $315 a month “raise my hand to speak, sit down when i pee, force it on me with no lube” deal. It took a lot from me to share with you the day I became somebody’s bitch😭😭😭

[@clintreno1019]

I think dodge has 0% apr for 72 months on the wb hellcats if you put 10% down, would it be smart to put a big down payment to get monthly payments down or just take it month by month

[@WIDEBODYNATION]

The lower the interest rate, the less money you’re saving by putting down a big down payment. So basically, if you get 0%, I would do a lower downpayment since you aren’t paying any interest

[@justinambrose3107]

@@WIDEBODYNATION lol but I only get no apr if u put 10% u make no sense kid

[@worthingtonworthington4406]

Big down payments.. Are SUICIDE... Every 1k you put down only save about 16-20 bucks a month off your payments

[@eddycervantea7882]

I’m trying to buy a charger but damn credit takes every month to update ! So as long as I get good interest it’s cool to get dealership in 2022 and also low to no money down because it don’t make much difference you say?

[@BackInService]

How are you encouraging people to take out more debt on a rapidly depreciating asset? No matter how you chop it up, it's bad advice. SMH

[@WIDEBODYNATION]

Have you checked the market on used scat packs recently?

[@WIDEBODYNATION]

Never claimed that these car are “assets”. Very few cars actually will put money in your pocket, which is what an asset does

[@BackInService]

@@WIDEBODYNATION A car is an asset. An asset doesn't have to appreciate. It can be a depreciating item. You add cars to your net worth(as well as the cars debt against your net worth). Your mixing up asset and investment. You shouldn't take more debt on a depreciating asset IMHO Not saying to not take out debt on a car, but you should put down as much as possible.

[@WIDEBODYNATION]

The opportunity cost of putting down a bunch of money on a car anyone can smash into is too high. Get GAP insurance for a few hundred dollars and let the banks eat the risk. With interest rates so low right now, you could easily put you 5, 10, 20k downpayment into an S&P index fund and double the ROI.

[@tru_widebody3924]

Great video💪🏽💪🏽💪🏽 I sent you pictures of mines to your Instagram.

[@WIDEBODYNATION]

Thanks! I’ll check them out

[@Bculbreath1]

What if you have positive equity on the car and don’t owe anything. Would you still use that as a down payment or bank it?

[@WIDEBODYNATION]

It really comes down to what you can do with that money compared to your interest rate. If you have a good use for the money besides the downpayment or positive equity, then I’d use it elsewhere in my opinion .

[@TheAlvarados1529]

What type of credit would you need to have the option not to put anything down

[@WIDEBODYNATION]

Probably above 700 but score isn’t the only thing that banks look at

[@maicoelectric.2128]

1500$

[@SrtChargerOldMan]

👍👍🔥🏁

[@WIDEBODYNATION]

💯

[@MartinR3166]

Little to much for me I bought a challenger Rt frostbite 2020,0 down 0% interest 6 years financed got Gap insurance through all state at least you don’t pay interest on it through the dealer my payment is $634.00 a month

[@drufetti510]

Damn you could’ve paid the same for a Scatpack

[@MartinR3166]

@@drufetti510 , scat packs are over $47,000 plus taxes your looking at another $4500 so how is that possible???

[@MartinR3166]

@@drufetti510 that’s another $100.00 more a month payment

[@drufetti510]

@@MartinR3166 I bought mine brand new off the lot in 2018. So maybe that’s why lol damn 2020+ are expensive now

[@BishopjFrank]

@@drufetti510 the demands are high right now for these dodges due to covid. So before the pandemic, it was easier and cheaper to get them

[@moneymon2102]

How much credit history do you need for a low money down @widebody nation ?

[@WIDEBODYNATION]

It really depends. Consistent employment and a decent score are the two biggest factors in my experience

[@cuzimaluzer777]

Is the painted hood option actually a painted hood or is it a wrap? Do you know what tires are used for the 3 season tire option? I'm trying to spec mine and I got a lot of questions if anyone can help.

[@WIDEBODYNATION]

The 3 season are Pirelli

[@WIDEBODYNATION]

The all season are pirelli as well

[@WIDEBODYNATION]

The painted hood is actually painted, which is one reason why that option is expensive. But it does look great!

[@WIDEBODYNATION]

Many people skip that option and get it wrapped after delivery to save some money. I plan on doing that for my Redeye

[@cuzimaluzer777]

@@WIDEBODYNATION that is also my plan but being painted is tempting.