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Resale value

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Azzurri

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Hey guys,

So I'm possibly in the market for a Heavy Duty (I own a 2019 Ram Rebel) and it's between the 3500 Laramie HO Diesel or a 2020 F350 Lariat with the 6.7l.

I know this really shouldn't matter too much when purchasing a vehicle, but Resale Value is a big deal for since I tend to sell it 2-3 years, and would like the highest possible resale. When looking at old truck values for Ford and Ram, Ford tends to hold value much better, I don't know if this is just for the half tons, or for HD trucks too.

Any insight would be appreciated. I know this is a Ram Forum, so responses my be a bit biased, but it still be appreciated.

Thanks.
 
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I just saw some depreciation figures for a number of different pickups and I swear that Ford depreciated more than RAM over a 5 year period. For the most part you are going to lose slightly less than 50% of what you paid over 5 years. The Toyota Tundra holds an insane amount of value after 5 years, probably because they regularly run 300K miles or more and are worth it. It's a shame they don't have a heavy duty or a diesel or both. I'm really spoiled by the 2 Tundras I have owned. I got 5 year loans with each and after about 3 years I was able to trade them in and get every dollar I put down out of them and then some. I just put 20K down on a RAM 2500 thanks to that fact and three months later could only get 10K back. I'm not sure I'll ever get that 20K back in anything less than 4 years. 3 years would be pushing it, but maybe. That's the way I pick the date to trade. If I can recover my previous downpayment or better, it's time, especially if I have run out of IRS depreciation.
 
brucie said:
I just saw some depreciation figures for a number of different pickups and I swear that Ford depreciated more than RAM over a 5 year period. For the most part you are going to lose slightly less than 50% of what you paid over 5 years. The Toyota Tundra holds an insane amount of value after 5 years, probably because they regularly run 300K miles or more and are worth it. It's a shame they don't have a heavy duty or a diesel or both. I'm really spoiled by the 2 Tundras I have owned. I got 5 year loans with each and after about 3 years I was able to trade them in and get every dollar I put down out of them and then some. I just put 20K down on a RAM 2500 thanks to that fact and three months later could only get 10K back. I'm not sure I'll ever get that 20K back in anything less than 4 years. 3 years would be pushing it, but maybe. That's the way I pick the date to trade. If I can recover my previous downpayment or better, it's time, especially if I have run out of IRS depreciation.
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I hear ya man, those Toyota hold vale extremely well. As for the RaM HD they seem to hold value well too, especially the Cummins. If I do purchase I'd only put 10k down so if I could get 10k outta of it in trade in 2-3 years I'd be happy.
 
Hard to say with 2019 being a new body style for Ram and 2020 being much more new on the Ford. Only thing that would make sense to be is log on to your favorite used car website and search for 2017/2018 models of both trucks. Put the specs you would want in the filter and do some number crunching.
 
One thing to keep in mind is that you'll likely pay less for the RAM up front. My previous truck was a ford and they didn't deal very much. So, while you may lose xx% in resale value, you have to look at the whole picture if you have to pay closer to MSRP for the Ford.
 
All I know is I was looking at buying a 1-2 year old used Ram 2500 and ended up with a new one because the prices they were asking for the used wasn’t but 1-3k less than buying new.
 
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KLSU said:
All I know is I was looking at buying a 1-2 year old used Ram 2500 and ended up with a new one because the prices they were asking for the used wasn’t but 1-3k less then buying new.
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My old truck msrp was 52k. I couldn't give it away for 35k and it was a 2016 2500 outdoorsman. Ended up taking a sizable hit at 31k trade in.
 
tpk0999 said:
My old truck msrp was 52k. I couldn't give it away for 35k and it was a 2016 2500 outdoorsman. Ended up taking a sizable hit at 31k trade in.
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That may not be that bad depending on when this all happened. A 52K truck probably had an out the door price of 47 or less plus taxes. That means the truck depreciated 17K in no less than 3 years. That's about 35% without pulling out a calculator. You could have done a lot worse. For comparison, I just traded a 16 Tundra Limited which I paid about 45 for. It was 3 years and 9 months old and I was very happy to get 30K for it. Tundras have one of the lowest depreciation rates of any pickup, so I really don't think you did that bad if this all happened recently.
 
tpk0999 said:
My old truck msrp was 52k. I couldn't give it away for 35k and it was a 2016 2500 outdoorsman. Ended up taking a sizable hit at 31k trade in.
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Did you pay sticker price 52k for your truck?

I paid 11,500 under sticker price for mine.
 
KLSU said:
Did you pay sticker price 52k for your truck?

I paid 11,500 under sticker price for mine.
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I beleive i paid close to 46 for it it'd. Dealers had a hard time pricing it because it only had 24k miles on it. Avg miles was 40 to 50k on market
 
tpk0999 said:
I beleive i paid close to 46 for it it'd. Dealers had a hard time pricing it because it only had 24k miles on it. Avg miles was 40 to 50k on market
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So you basically lost 15k over 3 years(or 4) which is actually pretty good considering how a lot of other vehicles take WAY larger hits to their resale vale.
 
Azzurri said:
So you basically lost 15k over 3 years(or 4) which is actually pretty good considering how a lot of other vehicles take WAY larger hits to their resale vale.
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I was bummed I couldn't sell it private party for 36 which was avg price. The 2019 was mighty expensive
 
tpk0999 said:
It was about 2 months. Once I put the down payment on my order, I listed it
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Yea, it can be a PITA to sell a vehicle privately, plus in my state when you trade in there is a tax deduction on the new vehicle.
 
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