Most people that buy a new or used truck are likely only thinking about the present. They may be thinking about how good a truck looks, additions they would like to make to it, or how excited they are to drive it off the lot. With this being said, thinking only in the present when buying a truck could mean trouble in the future, which is the reason why smart truck buyers think ahead, specifically regarding the resale value. After all, in a few years, you may want to trade a truck in for another one.
Fortunately, Ram trucks for sale hold their value quite well; however, you should still understand how their value depreciates. If you are considering visiting a Ram dealer near you to browse some trucks, you may be wondering exactly how much they depreciate in cost over time. Thus, to help you out, we at Performance CJDR have put together the following list that describes the value retention of Rams.
- Durable Construction And Reliable Performance
Because of their durable construction and the reliable components under the hood of each Ram, Ram trucks are built to outlast other trucks in their class. Hence, Rams typically offer lower-cost depreciation than most trucks. This reputation for durability and reliability also improves the popularity of Ram trucks for sale, with demand and popularity being a major element in helping to reduce the amount of cost depreciation. If you are interested in trying out one of these popular trucks for yourself, you can contact us at Performance CJDR or any Ram dealer near you to schedule a test drive.
- Desirable Features
Whether you are shopping at Performance CJDR or any other Ram dealer near you, you are likely to be impressed by the number of unique features offered by Ram. With some Ram trucks offering features like air suspension, or extra cargo space with the RamBox, there are many reasons to consider a Ram truck for sale. These two features, along with the numerous other features available with Ram, contribute more to the popularity of Ram trucks near you, helping them to hold their value for longer.
- Average Rate Of Depreciation
According to fourwheeltrends.com, the average truck will only hold 37% of its value after five years. Compared to this average, Ram does relatively well, only depreciating by an average of 45.2% over five years.
- Advanced Safety Features
Safety is another factor that helps every Ram in retaining its value over time. Advanced safety features are a desirable trait most people want in their vehicles. Every Ram is equipped with an advanced suite of safety features that only boosts popularity, which in turn aids in retaining the value over time. If you take a look at the list below, you can see the most common safety features that come with Ram trucks:
- Blind-spot monitoring
- Forward collision warning
- 360-degree surround view
- Adaptive cruise control
- Cost Depreciation Depends On Trim And Model
The demand for a specific model or trim level of a used Ram truck is a major contributing factor in determining the cost depreciation. For example, as one of the most common Ram trucks, the Ram 1500 has the highest cost depreciation of all Ram trucks. On the other hand, because of its durability and the number of jobs it can handle, a Ram heavy-duty truck, such as the Ram 3500, has one of the lowest value depreciation rates among most trucks.
In conclusion, we at Performance CJDR hope that this list aids you in understanding the cost depreciation of Ram trucks. After reading this, if you are considering a Ram, you shouldn’t hesitate to contact us at Performance CJDR’s Ram dealer near Columbus, Ohio, or any other Ram dealership near you.
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