Used 2016 RAM 1500 for Sale nearPeterborough, ON

How much does the 2016 RAM 1500 cost?

Prices have softened 9.83% compared to this time last year, making it a favourable time to shop this model year.

There are 689 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2016 RAM 1500 a good car?

Yes — the 2016 RAM 1500 earns a 4.88/5 user rating, which points to very strong owner satisfaction. Owners consistently praise its stylish design, spacious interior, and impressive features, and many also like its performance and power, especially with the diesel option. For you, that makes it a strong fit if you want a truck that works well for both everyday family use and practical hauling. With 25.3% of listings marked as good or great deals, there is still some room to shop selectively.

Is the 2016 RAM 1500 reliable?

Owners rate it 4.88/5, a strong signal of long-term satisfaction.

The owner feedback also points to a truck that feels dependable in day-to-day use, with praise for its practical strengths and overall ownership experience. Some reviewers do mention concerns with specific tech functions and missing features, so you should still check the equipment carefully on any used example. For used buyers, the main long-term ownership risk is finding a truck whose features and condition match the way it was originally equipped and maintained.

Is now a good time to buy a used 2016 RAM 1500?

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you are patient.

• Deal availability: 25.3% of listings are priced as good or great deals.
• Inventory: There are 689 listings available.
• Price trend: Prices have softened 9.83% compared with last year.

If you find a listing below $18,033 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 RAM 1500's resale value?

The current average of $18,033 CAD sits slightly below last year's $19,999 CAD.

That softer pricing can help you buy more carefully now, but it also suggests future sellers may face a more competitive resale environment if the market stays soft. If you buy at the right price and keep the truck in strong condition, you can help protect your eventual return. Vehicles with strong owner satisfaction ratings, like this model year's 4.88/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 RAM 1500 or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 25.3% of listings are priced as good or great deals.
• Price trend: Prices have softened 9.83% compared with last year.
• Owners rate it 4.88/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $16,071 CAD, the 2015 costs less than the current year's $18,033 CAD average.
• It offers strong comfort and a compelling chassis.

The bottom line: Choose the 2016 if you want the stronger current-market balance of owner satisfaction, pricing, and available inventory. If your priority is spending less upfront, the 2015 is the better value-focused path, especially if you find one in good condition.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.