The secondhand truck market is crazy now.
A new car would lose around one-third of its value the moment you drove it off the lot, according to the conventional wisdom not all that long ago.
Not any more, since supply chain concerns and other factors have made the secondhand vehicle market more complex.
While keeping their value well, some vehicles are even selling for more when purchased secondhand than when purchased from dealerships.
One of our favorites, the Ram 1500, seems to hold its value well. It loses just 4% of its value in the first year of ownership.
What kind of truck is the Ram 1500?
When it made its debut in 2019, the Ram 1500 was selected Truck of the Year by Motor Trend.
The new trucks were an improvement over the previous generation, which was already great.
The trucks have a normal V6 engine. Both a mild-hybrid Hemi V8 and a V8 are available as upgrades.
They have a reputation for having luxurious interiors and a smooth ride because to their advanced suspension systems.
The Ram 1500 loses only 4.07% of its value in the first year, but a 2020 today is worth 25.8% less than it was new, or about $14,000, and loses 31$% after five years.
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