Ram Lease
From choosing which Ram to lease to how much a lease will cost you, this is the ultimate guide to leasing a Ram.
Written by Brittni Brinn
Reviewed by Jessica Barrett
If you’re itching to get behind the wheel of a brand-new Ram but don’t want to shell out for premium prices, leasing is an affordable option. However, there are additional costs and restrictions you’ll have to consider before signing off on your lease.
Buying a new car every few years can be expensive—that’s where leasing comes in. You get the benefit of driving a state-of-the-art vehicle for a fraction of the cost of a traditional car loan.
But leaser beware—there are usually more restrictions involved in a car lease. You also won’t have anything to show for your investment when the lease is over—in most cases, your monthly payments only pay for the convenience of driving a new vehicle, not owning one.
If you’re looking for a guide on how to get the best lease for a Ram, look no further!
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How to lease a Ram
If you’ve got your eye on leasing a Ram, there are a few steps you can take to make the process easier!
- Check your credit score: Leasing a vehicle requires a higher credit rating than you need for taking out a traditional car loan. For leasing a Ram, you’ll need a score of at least 700 to qualify for most leases.
- Determine your budget: Lease payments should cost you less than 15% of what you make in a month. For example, if your monthly income is $4,000, you’ll be able to cover a lease payment of about $600 a month (taxes and fees included).
- Decide how much you can pay upfront: To lease a Ram, you’ll need to have money ready to cover the down payment and fees due when you sign your lease. Depending on your credit score, this could be a couple thousand dollars.
- Calculate your annual mileage: Most leases have a mileage limit, generally 10,000 to 15,000 miles per year. With a high-mileage lease, however, you can clock up to 20,000 miles per year. Looking at your annual mileage beforehand can help you decide how much wiggle room you need—it all depends on what you’re planning on using your leased vehicle for.
Once you’ve taken stock of your credit, finances, and mileage needs, you can take the next step:
comparing lease offers
. If your finances aren’t great at the moment, take a look at the cheaper Rams to lease, such as the 2022 Ram 1500 Longhorn
Crew Cab. But if you have more to work with, take a look at the 2022 Ram 2500 Big Horn
Crew Cab.Keep in mind that the dealership may try to talk you into getting upgrades and accessories that you don’t necessarily need. Remember your budget and feel free to say no to add-ons. Avoiding expensive features can keep your lease payments manageable.
The final step: Shop for insurance
Once you’ve signed your lease, you’ll need to get insurance coverage for your new Ram. Super app Jerry can help you find affordable insurance to compliment your lease and keep your shiny new vehicle safe on the road.
After a quick sign-up process, Jerry will get to work—in less than a minute, you’ll have personalized quotes from some of the top insurance companies in the country. On average, Jerry users save $887 a year on their car insurance!
How much does a Ram lease cost?
Leasing a Ram is cheaper than taking out a car loan or buying a new car. But how much are you really saving by choosing the leasing route? The exact cost of leasing a Ram depends on a few factors:
- Which model you choose
- The negotiated selling price
- The lease term
- The interest rate on the lease—or the “money factor”
- Add-ons, extra features, and accessories included in the lease
- Sales tax in your state
For a 36-month lease for a Ram, you can plan to pay $882 per month for a
1500 Longhorn
Crew Cab. A 2500 Big Horn
Crew Cab will generally cost $1,005 per month. And don’t forget the additional fees and the down payment you’ll have to pay upfront when you sign your lease.Let’s take an in-depth look at the upfront costs for the Ram 1500:
- First month’s payment: $1,015
- Down payment: $1,000
- Security deposit: $0
- Acquisition fee: $595
To lease a Ram 1500, you’ll have to pay $2,610 when you sign off on your agreement. Additional fees and taxes may apply for any add-ons or other features included in your lease.
If you want to go with the Ram 2500, you’re looking at $2,774 for the amount due at signing. It’s important to know going into your lease what you can afford to pay upfront as well as what you can pay per month.
Services included in a Ram lease
Depending on the dealer and the type of vehicle, some services may be included as part of your lease. Ram offers online tools for self-inspection of your vehicle and provides a few mileage packages. For details about what services Ram offers on leased vehicles, take a look at their
website
.Key Takeaway Monthly lease payments for your Ram can range from $882 to just over $1000. Be sure to plan for your upfront costs as well.
What to do when your Ram lease is up
When you reach the end of your lease term, you’ll likely have to say goodbye to your traveling companion. However, you may have the option of buying your Ram when your lease is up.
How to return a leased Ram
At the end of your lease term, you’ll have to check off the following tasks:
- Arrange a pre-inspection through the dealership or online
- Repair any damage
- Pay for any additional miles over your mileage cap
- Schedule the final return and inspection
You’ll also have to pay a $395 disposition fee when your lease is up. If you’re jumping right into leasing or purchasing another vehicle, however, this fee may be waived.
How to purchase a leased Ram
If you can’t bear to say goodbye to your leased Ram, you may have the option of purchasing it outright. Depending on the dealership, you may have to arrange for a car loan ahead of time.
MORE: How to prepare a car for inspection when returning a lease
How to find affordable car insurance for a Ram
Whether you’re leasing a Ram or buying one outright, you’ll need car insurance coverage that can keep up with your powerful new vehicle. With
Jerry
, you’ll be able to access the most affordable rates available from over 50 top-rated insurers nationwide!Download the app and after a couple of questions Jerry will whip up a list of competitive quotes that suit your insurance needs to a tee! With Jerry, you’ll never have to wait on hold with an insurance agent—if you have any questions, you can ask through the app and receive helpful and friendly service in no time.
“I was looking for a liability insurance plan for my truck until I can afford more coverage.Jerrymade it simple to shop around for the best deal for me. Thank you!” —Jake L.
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Is Ram leasing worth it?
Leasing a Ram can be more affordable than buying one outright and allows you to change up your ride every couple of years. However, leasing comes with extra restrictions and costs—plus, your payments only cover the depreciation of the vehicle, not the actual cost of eventually owning it. It all depends on what you’re looking for in terms of car ownership.
What’s the cheapest Ram you can lease?
Everything from the sales tax in your state to your credit score will affect the exact cost of leasing a Ram. Generally, the 2022 Ram 1500 is the cheapest Ram to lease in terms of monthly payment costs, downpayment, and upfront fees.
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