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3rd Gen Ram Tech2002-2008 Rams: This section is for TECHNICAL discussions only, that involve the 2002 through 2008 Rams Rams. For any non-tech discussions, please direct your attention to the "General discussion/NON-tech" sub sections.
They do have both. I just bought an 06, but with the 4 speed transmssion instead of 5 speed. The O/D off of course turns O/D off. The tow/haul mode changes shift points and downshifts on deceleration. On the 5 speed, the O/D off button takes out 4th and 5th gears i believe.