Will My Dodge Ram 1500 Hold its Value?
Yes, your Dodge Ram 1500 may be able to hold its value over the years. However, your truck’s ability to hold its value will depend on various factors, such as:
- Overall Condition of Your Truck
- Current Mileage
- Trim Level
- Market Demand
- Your Location
- Age of Your Truck
It is important to keep in mind that most vehicles experience some level of depreciation over time. Although the value of your Dodge Ram 1500 may change as it gets older, it is a reliable and durable truck!
What is My Dodge Ram Worth If I Trade it in?
To get an estimate of your Dodge Ram’s trade-in value, you can visit a car dealership and speak with a sales representative, or fill out a short questionnaire form on an automobile valuation website like Kelley Blue Book.
Are you still financing your truck? If the trade-in value offered by the dealership for your Ram 1500 is higher than your outstanding auto loan balance, then you may want to consider trading in your vehicle to obtain a new one. If your truck has positive equity and you decide to trade it in, you can offset the cost of a new vehicle and reduce the amount you will need to finance. But car prices are still fluctuating due to supply shortages and rising interest rates, so it may not be the right time to purchase a new vehicle.
Can I Borrow Against the Value of My Dodge Ram?
Yes, you can borrow against the value of your Dodge Ram 1500 by using your truck’s title as collateral for a truck title loan. Applying for a title loan can be much more convenient and practical than selling your truck if you need emergency cash! If you qualify for a title loan, you can continue to drive your truck throughout the repayment process as long as you pay your loan on time each month. Below are some estimated ChoiceCash loan amounts for various model years of Dodge Ram 1500s:1
|Make||Model||Year||Avg. Mileage||Avg. Loan|
The average ChoiceCash title loan for a Ram 1500 with around 128,769 miles on the odometer reading was $5,909. You can potentially access up to 50% of your truck’s value through a title loan.1
Call 855-422-7402 to find out more about the value of your Dodge Ram 1500, and apply for a title loan today! Or, use ChoiceCash’s online title loan calculator to get an estimate of your truck’s current value and a loan quote with no obligation.1
Interesting Facts About the Dodge Ram 1500
The Dodge Ram 1500 is a unique vehicle with a lot of features! Check out these interesting facts about the durable and powerful truck:
- The Dodge Ram comes in a few different models, including the 1500, 1500 TRX, 2500, and 3500.
- Depending on its engine and configuration, the Dodge Ram can potentially tow up to 12,750 lbs!
- The Ram 1500 is a popular choice for individuals who need a fuel-efficient, stylish, and powerful vehicle. The versatile truck is suited for both work and recreational purposes.
What Do I Need to Apply for a Title Loan on a Dodge Ram 1500?
Are you thinking about applying for a title loan on a Ram 1500? In order to obtain approval for a ChoiceCash title loan serviced by LoanMart, you will need to meet a few basic requirements and provide some paperwork during your application. Typically, you will need to have the following documents on hand to apply for a truck title loan:1
- Proof of Income and Residence
- A Title to a Dodge Ram 1500 in Your Name
- A Valid, Government-Issued Photo Identification Card
- Recent Pictures of Your Dodge Ram
- A Few Personal or Professional References
Ready to find out if you can borrow against the value of your Dodge Ram 1500? You can conveniently apply for a ChoiceCash title loan serviced by LoanMart online or over the phone today! Click here to apply, or call 855-422-7402 to speak to a title loan representative. If you are eligible for a title loan, you can obtain your loan proceeds in as little as one business day!1