2024 Ram 1500: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Ram 1500 costs $53,854 to own over 5 years, or $898/month. The biggest expenses are depreciation ($19,795) and insurance ($12,180).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$53,854
$898/month • $1/mile
Cost Breakdown
Depreciation$19,795 (37%)
Insurance$12,180 (23%)
Fuel/Energy$11,000 (20%)
Maintenance$3,790 (7%)
Financing$6,729 (12%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $7,522 | $2,436 | $2,200 | $758 | $12,916 |
| Year 2 | $3,068 | $2,436 | $2,200 | $758 | $8,462 |
| Year 3 | $3,068 | $2,436 | $2,200 | $758 | $8,462 |
| Year 4 | $3,068 | $2,436 | $2,200 | $758 | $8,462 |
| Year 5 | $3,068 | $2,436 | $2,200 | $758 | $8,462 |
Key Facts
1-Year Depreciation
19% ($7,522)
5-Year Depreciation
50% ($19,795)
Annual Repair Cost
$1,012
Annual Maintenance
$758
These are estimates based on state averages. Your exact rate depends on your specific profile.
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