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How much is Chrysler 300 depreciation?
I’m thinking about buying a Chrysler 300, but I’m not sure if I should go with a new or used one. I really don’t care if I buy a used 300, especially if it means that I can avoid excessive depreciation. How much does a Chrysler 300 depreciate?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Chrysler 300 depreciation is around 35% over the first five years after your initial purchase of the car. While that’s not a horribly high amount of depreciation, it’s certainly more than most midsize sedans and SUVs.
Due to the amount of depreciation, a
certified pre-owned
Chrysler 300 is a viable alternative. These vehicles have multi-point inspections, extra warranty, and have to meet aesthetic and mechanical requirements to earn a certification from Chrysler.If you want to save money, a pre-owned vehicle is always an option, but remember that you can also do the same by lowering your
Chrysler 300 insurance costs
. Download the Jerry
app today to compare quotes so you always get the lowest rate for your coverage needs.Jerry is a
trustworthy super app
and insurance comparison tool that collects quotes from over 55 top-rated insurers in just 45 seconds. After you find a great rate, Jerry can help you buy new car insurance
and cancel your old policy. Users save an average of $800+ per year.View full answer
- Gregory R.
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