Q:

How do you determine the value of a 2003 Dodge RAM 1500?

A:

Quick Answer

Vehicle owners or buyers can determine the value of a 2003 Dodge Ram 1500 pickup by using the price calculation tools on the Kelley Blue Book website. Entering your truck's mileage, options and condition allows you to determine the fair resale price to both dealers and private parties.

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Full Answer

Mileage, options and condition affect the value of a 2003 Dodge Ram 1500; however, mileage is perhaps the least important factor, as trucks of this model year are expected to have a high average mileage of over 130,000 as of April 2015. A base model 2003 Ram 1500 with a regular cab and average mileage has a private-party resale value of approximately $6,800 in good condition, while the same truck with only 100,000 miles on the odometer has a value of nearly $8,000.

Options and condition have a larger influence on the value of a 2003 Ram truck than its mileage. For example, a regular-cab 2003 Ram 1500 with average mileage but with the Laramie option package is valued at $10,800 in good condition, an increase of nearly twice the value as compared to a base truck with significantly lower than average mileage. The same Ram 1500 Laramie in excellent condition is valued at $12,736.

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