Dodge Charger Depreciation

A Dodge Charger will depreciate 32% after 5 years and have a 5 year resale value of $32,305.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $47,285 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Dodge Charger.

Dodge Charger Depreciation Calculator

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Dodge Charger Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $1,234 97.39% $46,051 12,000 2022
2 $2,941 93.78% $44,344 24,000 2023
3 $6,483 86.29% $40,802 36,000 2024
4 $7,566 84.00% $39,719 48,000 2025
5 $14,980 68.32% $32,305 60,000 2026
6 $19,420 58.93% $27,865 72,000 2027
7 $24,304 48.60% $22,981 84,000 2028
8 $28,362 40.02% $18,923 96,000 2029
9 $29,080 38.50% $18,205 108,000 2030
10 $31,322 33.76% $15,963 120,000 2031

Dodge Charger Depreciation

Years Old Depreciation Residual Value Resale Value
1 $1,234 97.39% $46,051
2 $2,941 93.78% $44,344
3 $6,483 86.29% $40,802
4 $7,566 84.00% $39,719
5 $14,980 68.32% $32,305
6 $19,420 58.93% $27,865
7 $24,304 48.60% $22,981
8 $28,362 40.02% $18,923
9 $29,080 38.50% $18,205
10 $31,322 33.76% $15,963

Buying a Dodge Charger New vs Used

If you purchase a used Dodge Charger that is 2 years old, then you could save $2,941 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $12,039. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Charger models become available.

What About Dodge Charger Insurance Costs?

The average cost to insure a Dodge Charger is about $1,481 per year. This adds up to around $7,405 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Dodge Charger. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

The Best Model Years to Buy a Dodge Charger

The 2021 Dodge Charger is our top pick for the best model year value for the Charger. With the 2021, you would only pay, on average, 97% of the price as new, with 92% of the vehicle's useful life remaining. The 2014 and 2015 model years are also attractive years for the Charger, and provide a relatively good value. Our rankings consider multiple factors, including the Charger's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Dodge Charger models.

Dodge Charger Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $47,285 $47,285 $294 $0 0% 100%
2021 $46,501 $45,623 $338 $1,662 3.51% 97.39% Best
2020 $38,557 $36,566 $409 $9,057 19.85% 93.78%
2019 $36,212 $31,769 $523 $4,797 13.12% 86.29%
2018 $34,208 $28,735 $617 $3,034 9.55% 84%
2017 $39,909 $28,032 $766 $703 2.45% 68.32% Good
2016 $39,406 $24,287 $1,067 $3,745 13.36% 58.93% Good
2015 $39,499 $20,382 $1,186 $3,905 16.08% 48.6% Better
2014 $36,029 $15,716 $1,298 $4,666 22.89% 40.02% Better
2013 $35,214 $15,019 $1,463 $697 4.43% 38.5%
2012 $35,120 $13,341 $1,484 $1,678 11.17% 33.76%
2011 $33,384 $12,007 $1,661 $1,334 10% 30.99%
2010 $27,703 $8,907 $1,918 $3,100 25.82% 25.23%
Year Price % Paid Value Rank
2022 $47,285 100%
2021 $45,623 97.39% Best
2020 $36,566 93.78%
2019 $31,769 86.29%
2018 $28,735 84%
2017 $28,032 68.32% Good
2016 $24,287 58.93% Good
2015 $20,382 48.6% Better
2014 $15,716 40.02% Better
2013 $15,019 38.5%
2012 $13,341 33.76%
2011 $12,007 30.99%
2010 $8,907 25.23%

Dodge Charger Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Dodge Charger ranks for Depreciation compared to other vehicles. Also check out how the Charger stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Dodge Charger Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Dodge Charger costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: