Disclaimers

The Advantages of Going New: Peace of Mind and Financial Flexibility

Luxury Meets Heavy-Duty Capability

Purchasing a vehicle is one of the most significant investments you will make. At Redwater Dodge, we want to ensure you have the facts to make an informed decision. While used vehicles have their place, the current 2026 automotive landscape offers unique advantages for those choosing to drive a brand new Chrysler, Dodge, Jeep, or Ram truck.

From industry-leading protection to aggressive financing structures, here is everything you need to know about the New Vehicle Advantage.


The New Vehicle Advantage: Why 2026 is the Year to Buy New

Deciding between a new or pre-owned vehicle is more than just a choice of "shiny and new" versus "tried and true." In today’s economic climate, the decision impacts your long-term financial health, your monthly cash flow, and your daily peace of mind. At Redwater Dodge, home of the Rig Ready Rams, we believe in empowering our customers with the truth about the automotive market.

While many drivers assume a used vehicle is the "budget-friendly" route, the reality of 2026 lending and warranty standards tells a different story.


Unrivaled Protection: Your Shield Against Inflation

The most immediate benefit of a new vehicle is the safety net of a factory warranty. As of 2026, our CDJR lineup offers a dual-layered protection plan that is designed to eliminate "repair anxiety" for years to come.


The 3-Year/60,000-km Bumper-to-Bumper Warranty: This covers almost every component of your vehicle, ensuring that if a sensor, screen, or mechanical part fails, you aren't reaching for your credit card.


The 10-Year/160,000-km Powertrain Warranty: This is the gold standard of the industry. For a full decade, your engine, transmission, and drive systems are protected. In an era where specialized parts and labor costs are rising, this warranty acts as a hedge against inflation.


When you buy used, you are often inheriting the previous owner's maintenance "debt." When you buy new, you start with a clean slate and a decade of corporate-backed security.


Financial Fluidity: The Power of Long-term Open-Ended Loans

We understand that life is unpredictable. You need a vehicle that fits your budget today but adapts to your financial wins tomorrow. This is why we specialize in 96-month financing terms.


By stretching the term, we can achieve significantly lower monthly payments, keeping more cash in your pocket for daily expenses. However, the real "secret weapon" is the open-ended nature of the loan. Unlike traditional rigid financing, an open-ended loan at Redwater Dodge means:


  • No Pre-payment Penalties: If you get a bonus at work, a tax return, or a cash gift, you can apply it directly to your principal.
  • Faster Equity Building: Every extra dollar you pay goes straight toward owning your vehicle sooner, reducing the total interest you pay.
  • Freedom to Pivot: If you decide you want the newest model in three years, your open-ended loan makes the trade-in process seamless and transparent.

The "Approval Myth": Why Banks Prefer New

Perhaps the biggest misconception in the car-buying world is that it is easier to get approved for a used car because the price tag is lower. This is factually incorrect.


Lenders, including major banks and credit unions, view new vehicles as high-quality collateral. Here is why a bank is more likely to say "Yes" to a new vehicle loan:


  • Lower Risk of Breakdown: A bank wants to ensure you can make your payments. If a used car breaks down and requires a $4,000 repair, the owner might struggle to pay both the repair bill and the car loan. With a new vehicle, the warranty ensures the car stays on the road, and the owner stays on track.
  • Parts Availability: New vehicles have readily available parts and established insurance values, making them a "safe bet" for the lender's portfolio.
  • Manufacturer Incentives: In 2026, manufacturers are often "buying down" interest rates or providing upfront incentives to lenders to make new car loans more attractive. This results in more aggressive approval departments for new inventory.


Whether you have pristine credit or have faced challenges in the past, the path to "Approved" is often much shorter when you are looking at a brand-new Ram truck or Jeep SUV.

Rig Ready Approves: Specialized for You

At Redwater Dodge, we don't just sell stock vehicles. We are the home of the Rig Ready Rams, Rig Ready Used, and Rig Ready Approves. We specialize in high-performance, customized trucks that are built to work as hard as you do. By choosing a brand-new Rig Ready Ram, you can often include the cost of high-end modifications (lifts, tires, and accessories) directly into your low-interest, new truck financing, something that is nearly impossible to do with a used vehicle.

Common Questions About Buying New Vehicles


Q1: What kind of warranty coverage comes with a new vehicle in 2026?

A1: Every new vehicle at our dealership comes with comprehensive protection. Currently, our standard package includes a 3-year/60,000-km bumper-to-bumper warranty, ensuring that your vehicle’s components are protected from the start. Additionally, we provide an industry-leading 10-year/160,000-km powertrain warranty, giving you a decade of confidence in your engine and transmission.


Q2: Can I get a low monthly payment on a new truck or SUV?

A2: Yes. One of the biggest advantages of a new purchase is the ability to access long-term financing. We offer terms stretching up to 96 months, allowing you to lower your monthly obligation while driving a more reliable, modern vehicle.


Q3: What is an "open-ended loan," and can I pay it off early?

A3: Our loans are typically "open-ended," meaning you have total control. If you receive a work bonus, a tax return, or simply have extra cash, you can apply it directly to your principal. There are no penalties and no fees for early repayment.


Q4: Is it harder to get approved for a new car than a used one?

A4: Actually, it’s often easier. Contrary to popular belief, banks and lenders prefer new vehicles. Because the vehicle is brand new, parts are readily available and insurance is straightforward. Furthermore, manufacturers often provide interest incentives upfront, making banks more willing to approve buyers who may have struggled with credit in the past.


Q5: Why do banks prefer lending on new vehicles over used?

A5: Lenders view new vehicles as lower risk. New cars have the latest safety technology, lower chances of mechanical failure, and predictable resale values. This "collateral security" allows banks to offer better terms and higher approval rates compared to older, high-mileage vehicles.


Q6: Are new vehicles easier to insure?

A6: Generally, yes. Insurance companies value the updated safety features and the lower likelihood of mechanical breakdowns. This can often result in more competitive premiums compared to older models that lack modern driver-assistance systems.


Q7: What happens if my financial situation changes during a 96-month term?

A7: Since our loans are open-ended, you have the flexibility to refinance or trade in the vehicle as equity builds. A new vehicle typically holds its value more predictably in the first few years, giving you more "trade-in power."


Q8: What are "Rig Ready" vehicles?

A8: At Redwater Dodge, we specialize in Rig Ready Rams, trucks that are customized and lifted right here at the dealership. Buying these new means your modifications are often covered under the vehicle's financing and backed by our professional standards.


Q9: How does the 2026 model year technology improve my driving experience?

A9: The 2026 lineup features the latest Uconnect systems, enhanced autonomous safety suites, and superior fuel efficiency or electric range (for 4xe models). Buying new ensures you aren't paying for yesterday’s technology.


Q10: Can I trade in my current vehicle toward a new purchase?

A10: Absolutely. We accept all makes and models. Trading in your current vehicle can further reduce your monthly payments and, in many provinces, provide significant tax savings on the new purchase price.


Q11: How do I get started with a credit application?

A11: The process is simple. You can call us at 780-942-3629 or visit us in person. Our finance team works directly with major lenders to secure the best possible rate for your specific situation.