RAM 1500 Costs
The average cost of owning a RAM 1500 for 5 years is $48,179. This total will vary per vehicle, driver and location. These ownership expenses include:
The interactive chart below illustrates the relative proportion of each of the major costs of ownership. Click on any of the expenses boxes to see more detail.
RAM 1500 Depreciation
A RAM 1500 will depreciate in value by $20,636 after 5 years. Depreciation is difficult to avoid, but it can be managed. Depreciation is the difference between the original sales price, and what the vehicle will be worth in the future. We use 5 years as an example in our analysis.
When new, a typically-equipped RAM 1500 sells for $45,225 on average. After 5 years of depreciation, the average residual value will be $24,589. This represents the vehicle's retail market price. Trade-in and private sale prices will likely be lower. Use our RAM 1500 Depreciation Calculator to see how model year and mileage will affect your resale value.
RAM 1500 Depreciation Calculator
RAM 1500 Insurance
The average annual cost for auto insurance for a RAM 1500 is $1,596, which adds up to $7,980 after 5 years of ownership. These insurance costs are estimates based on national averages for a 40 year old, with full coverage, a good driving record, and good credit. They also assume a single-car policy, and won't reflect any multi-car discounts. See our RAM 1500 Insurance Tool to view rates by state, for different driver ages, credit ratings and driving history.
RAM 1500 insurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure
RAM 1500 Maintenance
Maintenance and repair costs for a RAM 1500 will amount to $4,537 after 5 years. Expenses include scheduled maintenance, normal wear and tear items and expected repairs. These estimates exclude any free warranty work performed.
The region you live, and the way you care for and drive your vehicle can have a big impact on these costs. So, your results may vary significantly from our estimates. Our RAM 1500 Maintenance Cost Estimator shows how much you are likely to spend, and the probabilities of a major repair over 10 years.
RAM 1500 Financing Costs
The average cost to finance a new RAM 1500 would be $5,296 after 5 years. This assumes a 72-month loan with an APR of 4.75% and a 20% down payment. Financing costs are a vehicle cost that you can control. Your interest expense can be greatly reduced by changing your loan term, improving your credit score, or increasing your down payment. If you don't know your credit score, or haven't checked in a while, it's completely free on Credit Karma.
Our RAM 1500 Loan Calculator allows you to build a loan that's best suited for you. This handy utility will also help to keep you from becoming upside down, where you end up owing more than the vehicle is worth. You can estimate monthly payments and download the full amortization schedule as well. We've highlighted some typical loan scenarios in the table below. See what a difference a larger down payment will make in lowering your financing costs and your monthly payments.
RAM 1500 Loans
RAM 1500 Fuel Economy
A RAM 1500 gets an average of 20 MPG, which will cost a total of $9,730 for fuel after 5 years, or about $1,946 annually. These estimates are based on recently collected national average fuel prices, assuming 12,000 miles driven per year - 55% city and 45% highway. These figures also reflect current EPA estimates. Fuel costs will vary based on your driving style, fuel prices in your area, and the engine that will be in your vehicle. We used the RAM 1500 models and engines below for our estimates:
RAM 1500 MPG
|1500 4X2||8cyl, 5.7L, Auto(A8)||17||15||22|
|1500 4X2||8cyl, 5.7L, Auto(A8)||19||17||23|
|1500 4X2||6cyl, 3.6L, Auto(A8)||22||20||25|
|1500 4X2||6cyl, 3L, Auto(A8)||26||22||32|
|1500 4X4||8cyl, 5.7L, Auto(A8)||17||15||21|
|1500 4X4||8cyl, 5.7L, Auto(A8)||19||17||22|
|1500 4X4||6cyl, 3.6L, Auto(A8)||21||19||24|
|1500 4X4||6cyl, 3L, Auto(A8)||24||21||29|
|1500 Classic 4X2||8cyl, 5.7L, Auto(A8)||17||15||22|
|1500 Classic 4X2||6cyl, 3.6L, Auto(A8)||20||17||25|
|1500 Classic 4X4||8cyl, 5.7L, Auto(A8)||17||15||21|
|1500 Classic 4X4||6cyl, 3.6L, Auto(A8)||19||16||23|
|1500 HFE 4X2||6cyl, 3.6L, Auto(A8)||23||20||26|