RAM 1500 Depreciation
A RAM 1500 will depreciate 40% after 5 years and have a 5 year resale value of $40,108.
If you check out our "comparisons" tab, you can select the Ram 1500, Ford F-150, and Silverado 1500, and see that the Ram doesn't fare that well when it comes to value retention in the half-ton pick-up market. While the heavier duty Ram 2500 and 3500 fare better, the 1500 just doesn't stack up well against either Ford or Chevy. In fact, the Ram 1500 doesn't even meet an industry average, which is unusual for a pick-up, as vehicles in this segment have held their value quite well over the years.
The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $66,658 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the RAM 1500.
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RAM 1500 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $14,092 | 78.86% | $52,566 | 12,000 | 2025 |
| 2 | $19,544 | 70.68% | $47,114 | 24,000 | 2026 |
| 3 | $21,817 | 67.27% | $44,841 | 36,000 | 2027 |
| 4 | $23,757 | 64.36% | $42,901 | 48,000 | 2028 |
| 5 | $26,550 | 60.17% | $40,108 | 60,000 | 2029 |
| 6 | $33,162 | 50.25% | $33,496 | 72,000 | 2030 |
| 7 | $35,675 | 46.48% | $30,983 | 84,000 | 2031 |
| 8 | $38,002 | 42.99% | $28,656 | 96,000 | 2032 |
| 9 | $40,148 | 39.77% | $26,510 | 108,000 | 2033 |
| 10 | $42,135 | 36.79% | $24,523 | 120,000 | 2034 |
RAM 1500 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $14,092 | 78.86% | $52,566 |
| 2 | $19,544 | 70.68% | $47,114 |
| 3 | $21,817 | 67.27% | $44,841 |
| 4 | $23,757 | 64.36% | $42,901 |
| 5 | $26,550 | 60.17% | $40,108 |
| 6 | $33,162 | 50.25% | $33,496 |
| 7 | $35,675 | 46.48% | $30,983 |
| 8 | $38,002 | 42.99% | $28,656 |
| 9 | $40,148 | 39.77% | $26,510 |
| 10 | $42,135 | 36.79% | $24,523 |
Buying a RAM 1500 New vs Used
If you purchase a used RAM 1500 that is 2 years old, then you could save $19,544 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $7,006. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used 1500 models become available.
What About RAM 1500 Insurance Costs?
The average cost to insure a RAM 1500 is about $2,303 per year. This adds up to around $11,515 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a RAM 1500. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure
The Best Model Years to Buy a RAM 1500
The 2023 RAM 1500 is our top pick for the best model year value for the 1500. With the 2023, you would only pay, on average, 79% of the price as new, with 92% of the vehicle's useful life remaining. The 2022 and 2021 model years are also attractive years for the 1500, and provide a relatively good value. Our rankings consider multiple factors, including the 1500's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the RAM 1500 models.
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RAM 1500 Historical Depreciation
| Year | New Price | Current Price | Maintenance | $ Decline | % Decline | % Paid | Value Rating |
|---|---|---|---|---|---|---|---|
| 2024 | $66,658 | $66,658 | $700 | $0 | 0% | 100% | |
| 2023 | $63,694 | $50,230 | $837 | $16,428 | 24.65% | 78.86% | Best |
| 2022 | $56,237 | $39,746 | $1,053 | $10,484 | 20.87% | 70.68% | Better |
| 2021 | $56,113 | $37,747 | $1,400 | $1,999 | 5.03% | 67.27% | Better |
| 2020 | $53,912 | $34,696 | $1,686 | $3,051 | 8.08% | 64.36% | Good |
| 2019 | $52,291 | $31,461 | $2,137 | $3,235 | 9.32% | 60.17% | |
| 2018 | $47,313 | $23,774 | $2,487 | $7,687 | 24.43% | 50.25% | Good |
| 2017 | $42,895 | $21,858 | $2,622 | $1,916 | 8.06% | 50.96% | |
| 2016 | $42,710 | $20,731 | $2,713 | $1,127 | 5.16% | 48.54% | |
| 2015 | $41,630 | $18,869 | $2,834 | $1,862 | 8.98% | 45.33% | |
| 2014 | $39,140 | $17,026 | $3,012 | $1,843 | 9.77% | 43.5% | |
| 2013 | $38,874 | $15,486 | $3,288 | $1,540 | 9.04% | 39.84% | |
| 2012 | $36,844 | $13,832 | $3,559 | $1,654 | 10.68% | 37.54% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2024 | $66,658 | 100% | |
| 2023 | $50,230 | 78.86% | Best |
| 2022 | $39,746 | 70.68% | Better |
| 2021 | $37,747 | 67.27% | Better |
| 2020 | $34,696 | 64.36% | Good |
| 2019 | $31,461 | 60.17% | |
| 2018 | $23,774 | 50.25% | Good |
| 2017 | $21,858 | 50.96% | |
| 2016 | $20,731 | 48.54% | |
| 2015 | $18,869 | 45.33% | |
| 2014 | $17,026 | 43.5% | |
| 2013 | $15,486 | 39.84% | |
| 2012 | $13,832 | 37.54% |
RAM 1500 Depreciation Rankings
We've ranked over 200 models from best to worst for Depreciation. See where the RAM 1500 ranks for Depreciation compared to other vehicles. Also check out how the 1500 stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other RAM 1500 Costs of Ownership
Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major RAM 1500 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses:
