If you are looking for a truck to lease with outstanding performance, and high capacity with a perfect blend of sophistication then Dodge RAM 1500 is your cup of tea.
Well, its exclusiveness does not end here; RAM 1500 TRX is the quickest truck in the world with a super powerful engine.
On the other hand, RAM 1500 Limited and Limited Longhorn have a high level of luxury with comfort. Besides, it brings fully leather-covered seats and authentic wooden texture.
This fastest modern truck with a high-quality v6 and v8 engine, with e-Torque hybrid technology, is America’s most potent halftone diesel pickup. Yes, you have heard right!
RAM 1500 can run 1000 miles within a single tank of fuel. Also, Leasing Dodge RAM can save a lot of money through low monthly payments.
How Much To Lease a RAM 1500?
RAM 1500 can get leased efficiently at a low cost than buying. You have to count a minimum of $31000 with a down payment or $36000 on average if you want to buy in rent.
However, if you go for a lease, this road warrior comes in $637 monthly (on average). This offer can be availed for three years, 12000 miles per year of limitation.
But it is clearly cost-effective with no worry of resale value. As a result, you get to avoid depreciation easily.
In case you have determined to lease RAM 1500, let me elaborately enlighten you on the details of cost, lease duration, and monthly mileage.
There are a few trim levels, among which big horn is the cheapest and prices around $248 per month.
RAM 1500 TRX is the most expensive trim that brings a bill of $1000 a month. In both cases, you may have even less cost if you go for a lease on a promotional period.
Also, the price will be determined by yearly mileage, lease duration, credit score, down payment (that you have already given), lease terms, and so forth.
Dodge Ram 1500 Truck Lease Deals Chart
Leasing a RAM 1500 means simply signing a long-term rental contract for that. You do not really own that car like a regular truck purchase, but you get to avail all the privileges.
Find the ideal trim for your budget by examining the average monthly payments from the table (the monthly payments can change from one month to the next)
| Dodge RAM 1500 Trims | Monthly Payment($) |
| RAM 1500 Tradesman HFE | 392 |
| RAM 1500 Tradesman | 410 |
| RAM 1500 big horn | 248 |
| RAM 1500 Rebel | 520 |
| RAM 1500 Laramie | 415 |
| RAM 1500 Limited Longhorn | 874 |
| RAM 1500 Limited | 729 |
| RAM 1500 TRX | 885-1000 |
What Should Be The Best Option RAM 1500 Lease or Buy?
The customer often tends to not purchase a truck as it is costlier. When you buy Ram 1500 you must pay the full cost of RAM 1500 over a shorter period (usually between two and six years).
Here customers will create equity in the truck during that time and ultimately own it. Customers seek to go for lease deals because-
- Leasing a RAM 1500 might be a fantastic choice as you can pay the cheap monthly payments. With a certain down payment, some packages can have cheaper monthly installments. Moreover, it’s not unusual to receive an additional cash incentive when your lease begins.
- there are many deals and incentives available for various RAM 1500 models.
- They get to ride a brand-new RAM 1500. New truck ensures that you are always up to date on new features and technologies. Everyone generally likes leasing a RAM 1500 for this reason.
- Leasing makes sense for your driving lifestyle if you just want to drive your RAM 1500 occasionally for trips outside of the city.
- Only pay for depreciation over a term of generally 24 to 48 months when leasing a truck.
Clearly, it is less expensive in the short term and avails the customers of numerous opportunities.
Services Included With Lease Deals of Dodge Ram 1500
It’s time to put your knowledge to use right away. Keep in mind that investing the time to investigate your leasing options thoroughly will pay out in the long run.
Not only will you be driving a vehicle that meets your needs, but you’ll also be saving money.
An essential fact regarding insurance policy is the lease won’t carry your car insurance. But You must buy it before you go with your leased RAM 1500.
The lease itself does not avail maintenance costs to the customers. But as customers get to lease a brand-new RAM 1500, there’s an assurance available for a fixed amount of time.
For instance, a basic bumper-to-bumper warranty of 36 months. During this period, customers can get free maintenance, but after finishing the period, you must pay for it.
Benefits of Leasing
Leasing a RAM 1500 might be a fantastic choice as you can pay the cheap monthly payments. With a certain down payment, some packages can have cheaper monthly installments.
Moreover, it’s not unusual to receive an additional cash incentive when your lease begins. In short, if we conclude, we see-
- Less down payment
- Lower rate of interest
- Each lease includes a mileage restriction to keep the car in excellent shape.
- Leasing a car often results in lower monthly payments
- Always get a chance to drive brand new RAM 1500
The most appealing fact is, at the end of your lease contract, you get the advantage of either buying that truck or returning it.
For this freedom and completeness in the overall quality of the truck, customers tend to lease RAM 1500.
Problems of Leasing
Although leasing the RAM 1500 is clearly a win situation. But there are a few facts you should know before determining to lease-
- The main problem with leasing a car is the restricted amount of mileage. Even if you want, you cannot exceed the mileage limit
- Early breaking a contract can cause penalties
- Your credit score may be impacted by missed payments
- You continue to pay maintenance fees
- Although you are spending very less compared to purchasing a RAM 1500, so you cannot finance a new automobile by selling your old one
Why Opt For RAM 1500 Lease?
Leasing a Ram 1500 is better than any other truck in the circumstances for various reasons.
From a lot of research findings, it has been proven that New York & other states’ drivers prefer to lease RAM 1500 over other light-duty trucks.
Comparing with other trucks these reasons make it easier to lease Ram 1500-
01. Interest Rate
The interest rate of leasing a Ram 1500 is low in comparison with other trucks. It could vary from company to company & also in models.
02. Cost Effective
Leasing Ram 1500 is cost-effective. Because buying a ram is costlier than leasing. Leasing provides you more time to accumulate the cost by giving you a monthly premium.
03. Leasing Offers
The different country provides different offers to lease a ram 1500 or any kind of truck/car.
Finding an economical offer to lease a ram 1500 can influence you to do that & minimize your cost of buying.
Offers in many categories such as time periods, down payments, lower interest rates, providing insurance & Servicing facilities so on.
04. Always Getting New Ram 1500
By leasing a ram 1500 you can lease & renew your leasing contract with a new or another ram 1500.
You can get a new truck with a new contract of leasing which means you can ride a new Ram 1500 with proper composition.
whereas leasing may help you ride the latest models without worrying about them, what makes us think of anything else?
How To Lease a Dodge RAM 1500 (Step By Step Guideline)
To determine whether a lease is ideal for you, start with the following steps:
01. Check Credit Score
At least 700 should be on your credit report. It makes you stay on the safe side. You may not be able to lease with a lower credit score.
02. Design You Lease Contract
I advise customers to lease trucks for no more than three years so that their leased RAM 1500 are always covered by the three-year bumper-to-bumper guarantee that the manufacturer offers.
If you elongate that contract, you have to carry your own expensive repairs. You may already know most leasing agreements allow for 12,000 miles per year.
Hence, if you go more than 36,000 miles over the course of three years, you will be fined.
03. Set Leasing Budget
The recommended monthly payment is 10% and shouldn’t be more than 15% of your monthly salary.
In my suggestion-The down payment, the monthly payment, the cost of fuel, and the cost of insurance should all be covered by your budget. So that you stay risk-free.
04. Check Out For Lease Deals and Available Offers
At several festivals and seasons, some dealers provide leasing deals with considerable discounts.
Yet always verify if the monthly payment promised includes sales tax, and excessive drive-off costs, which are comparable to a down payment for a RAM 1500 purchase. For the most recent offerings
05. Make The Greatest Possible Leasing Agreement
Currently, there are a variety of pricing estimates available in online. Take the lowest offer and call the other dealers to see if they can beat it (if you wish to try to enhance the bargain).
Even while we strongly advise utilizing the online department, many buyers still visit to see the truck in person to finalize their deals.
No matter what approach you decide on, it is a good idea to request a spreadsheet from the salesman that includes all the deal’s data.
This will make clear any additional costs and give you a chance to assess this offer against the bids you have.
06. Calculate Down Payment
Your lease’s monthly cost may be lowered if you make a significant down payment. For instance, if you take a lease for 36 months you have to give 2000 as a down payment.
07. Determine Yearly Mileage
RAM 1500 has three yearly mileage packages: 10,000, 12,000, and 15,000 miles.
| Miles / Year | Payment For Leasing Period | ||
| 24 Months | 36 Months | 48 Months | |
| 10,000 Miles | $817 /month | $654 /month | $590 /month |
| 12,000 Miles | $832 /month | $663 /month | $596 /month |
| 15,000 Miles | $847 /month | $682 /month | $616 /month |
| 18,000 Miles | $915 /month | $741 /month | $668 /month |
08. Renew or End Contract
After finishing the monthly payments or end of the contract you can renew the contract with the company with a new truck of end contract.
With paying the additional charges such as damage of different criteria of trucks.
Some times company provides various discounts as well as offers for you especially considering your driving skill & appearance.
Comparing Dodge With Other Top Competitors in The Market
In this section, you can understand whether to go for RAM 1500 or choose any other brand to lease.
We will also assist you by comparing the down payment, monthly installment, and time period of leasing. Let’s dig into it!
a) Chevrolet Silverado
While Chevrolet Silverado’s is much lesser than 1500 RAM’s power stain. A RAM 1500 offers the longest period of engine protection than any other truck.
RAM 1500 brings considered ideal for truck enthusiasts. It has ten different trim levels. In this area, Silverado’s three trim option seems tiny and unimpressive.
| Down payment | $2000 |
| Monthly installment | $530 |
| The time period of leasing | 36 month |
| Yearly mileage limit | 12000 |
b) Ford F-150
Although the ford F-150 is a great pickup truck, they don’t have sufficient choices to select from, and often they are expensive.
RAM 1500 has a variety of ranges to choose from. They have high-end trucks as well as affordable ones.
Likewise, if someone seeks the hybrid engine, they also have it! RAM 1500 hybrid motor is highly potential and less priced.
RAM prefers to keep it adaptable without using extraneous design features. They focus mostly on maintaining the engine quality and comfort.
| Down payment | $1000 |
| Monthly installment | $937 |
| The time period of leasing | 36 month |
| Yearly mileage limit | 12000 |
c) Toyota Tundra
Both trucks have placed almost similar engines. For instance, 5.7-liter V8 HEMI in the RAM and a 4.6-liter Aluminium I-FORCE V8 in the Tundra.
But due to their varied configurations, they have somewhat different performance outputs.
In this race, the RAM 1500 performs better because of its high-power generation and more towing capacities
| Down payment | $2000 |
| Monthly installment | $525 |
| The time period of leasing | 36 month |
| Yearly mileage limit | 12000 |
Note- All the prices given in USD
Leasing Vs Financing
# Leasing
When you lease a car, you pay a monthly fee to use it for a set period of time.
Typically, that would be up to 36-48 months. Conversely, once you purchase a truck, you have ownership of it right away.
It doesn’t matter whether with a loan or with the cash you are paying, once you have given the entire loan amount, the truck is yours. Now you have the freedom to keep it, swap it, sell it, or leave it!
With a lease, there are limitations on how far you can drive. The lease may come up with a number of charges.
But you have the choice to return the car to the dealer at the end of your lease term or to buy it from them for a preset price as specified in the lease agreement.
# Financing
Financing a car means you’re taking an auto loan for a new or used car from financial institutions or dealers.
With the financial rules, regulations & offers of the financial institutions from where you do contract for a car.
With a finance contract, there’s no limit on how far you can drive. It also comes with finance charges. There’s no choice but to return the financing car at the end of the contract.
| Comparisons | Leasing | Financing |
| Monthly Instalments | $637 (on average) | $1004 (on average) |
| Interest Rate | 4% | 9.89% |
| Term | 36 months | 36 months |
| Due | $2,000 | $35,977 (including interest) |
| Yearly millage | Limited (usually 12000 miles a year) | unlimited |
| Time for usage | 12 to 48 months (depending on the contract) | unlimited |
Due to supply chain restrictions, prices listed may differ between websites and dealerships. The shown prices are without any offer.
During different seasons and festivals, they may offer a number of discounts. That’s why in my suggestions, for the most recent price speak with your dealer before leasing or financing.
People Also Search For
According to customer reviews, the RAM 1500 is one of the most dependable pickups on the market, and owner satisfaction with the vehicle is also very high.
Some commonly asked questions regarding lease deals of RAM 1500 are-
Is it Possible To Lease a RAM 1500 With No Down Payment?
Without a down payment, it is possible to lease in certain deals. However, additional expenditures might not be worthwhile.
You should be prepared to pay sky-high interest rates (often between 12 and 22%) Plus, cars lose value rapidly; you’ll probably end up paying more on your RAM 1500 than it is worth.
Why do Leasing Costs Vary from Time To Time?
Based on the available stock of the trucks, seasonal discounts, manufacturer promotions, and other incentives, leasing fees vary.
Can I Lease a Brand New Ram 1500?
Yes, it is possible. Additionally, I always suggest my customers go for the brand-new RAM 1500 as it comes with a warranty.
How Long Should I Take Lease of RAM 1500?
Although you can take a lease for up to 48 months, it’s not a wise decision. The bumper-to-bumper warranty comes with 36 months; you get free maintenance coverage.
So go for 36 months to avail of the basic warranty, then switch to a new lease deal.
Final Thoughts
In all honesty, RAM 1500 has improved its track record. My research shows that there have been fewer complaints about this road warrior.
Moreover, none of them were significant. Leasing this car can be a wise decision for its user friendly deals, intake quality, high comfort, and safety for your family.
In my view, this super-powerful truck might significantly dispel the common perception of low reliability on leasing.
In the end, I can conclude that leasing a Dodge RAM 1500 can be substantially cost-effective and reliable.
Bruce William is a professional content writer and vehicle engineer with extensive car maintenance and repair knowledge. His expertise spans all vehicle parts, offering practical solutions for various automotive issues. Bruce provides valuable insights through his website articles to help readers maintain their cars for optimal performance and longevity.