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What is the Dodge Charger depreciation rate?
I have a Dodge Charger that my dad handed me, and I’m thinking about selling it. What’s the Dodge Charger depreciation rate?
Andrea Barrett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! The Dodge Charger 5-year depreciation rate is about 32%. It will have a resale value of around $32,305 after five years.
One of the great things about depreciation is that you can purchase an excellent car significantly cheaper than a new one. A 2-year-old Dodge Charger could save you nearly $3,000 compared to buying a new vehicle, and it will still have plenty of life!
If you plan to keep your Charger for three years, you’d be looking at a depreciation cost of around $12,039. Brand new vehicles tend to depreciate a lot faster, so older models are your best bet for buying used—and if you’re planning to sell, wait a few years so the depreciation isn’t so high.
Another way to keep the value of your Dodge Charger high is to keep up with a regular
car maintenance schedule
and invest in a solid car insurance
policy to protect it on the road. With help from the super app and insurance expert
Jerry
, you can find the best Dodge Charger insurance costs
from over 50 top insurers. Sign up in less than a minute and access the most competitive rates customized to your driving profile. If you find one that fits your needs, switching over is simple. Best of all, you could save over $800 a year on insurance by shopping with Jerry! View full answer
- Gregory R.
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