How Do You Determine the Value of a Dodge Truck?


Quick Answer

The fair market value of a used Dodge truck can be determined by using the Kelley Blue Book website. KBB has been an automobile pricing authority for over 85 years. To find the relevant private owner, dealer or trade-in values, enter the model, year, condition and mileage of the vehicle.

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How Do You Determine the Value of a Dodge Truck?
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Full Answer

Major factors affecting the value of a Dodge truck include its age, condition, mileage and included options. For example, a base 2010 Dodge Ram 3500 Crew Cab with 50,000 miles has a fair market value for private party sales of $29,495 as of April 2015 if the truck is in excellent condition, while it is worth only $27,582 in good condition. The same model of truck with the same mileage but with the upgraded Laramie trim package is worth $36,507 in excellent condition.

While options, model and mileage are objective features, there is a substantial subjective component to judging the condition of a vehicle. Kelley Blue Book provides guidelines for each of its major tiers of condition to help you better judge the condition of your Dodge truck. For example, a vehicle in excellent condition has matching tires in like-new condition and has never required any exterior touch-ups, while a vehicle in good condition may require some cosmetic or minor mechanical work.

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