Coupes and sedans with proven performance credentials tend to have a nasty flaw: they depreciate. It happens to the finest sports, muscle, and supercars available. However, there is a muscle cruiser that retains a bit more value than you might think. Check out the venerable Dodge Charger’s resale values and how they benefit owners in this crazy market.
What is the cheapest Dodge Charger?
The cheapest Dodge Chargers are the SXT and GT, both of which pack the 3.6L Pentastar V6 engine. However, just because they’re cheap doesn’t mean they’re bad. The Charger SXT produces nearly 300 horsepower with a reasonable 19 mpg city and 30 mpg highway. Furthermore, the GT costs a bit more, but consumers get an all-wheel drive (AWD) system channeling the power from the V6. A 2022 Dodge Charger SXT has an average market price of $34,752.
How much is my Dodge Charger resale value and trade value?
According to Cars.com, the Dodge Charger is one of a handful of vehicles that retains a healthy percentage of its value for resale and trades. Specifically, the Dodge Charger resale values are rising, and trade-in values are around 6 percent. Cars.com attributes this increase to the rampant inventory shortages and the popularity of the muscle car. In addition to inventory issues and the Charger’s popularity, 60 percent of dealerships estimate they’re paying 11 to 20 percent more for trades in general.
How much are the Mopar muscle sedans worth now?
Although the Dodge Charger SXT and GT are at the bottom of the price scale, the drivetrain offerings of the Charger make for a wide range. First, savvy shoppers can find a Hemi V8-powered R/T, but it will set them back a market average of $43,131. Next, the monstrous 6.4L Scat Packs will cost around $50,000, and the range-topping Hellcat models cost about $80,000, depending on the trim.
However, if you’re willing to shop used, you can snag a deal. Kelley Blue Book (KBB) shows that an average mileage 2018 Charger Hellcat in good condition goes for an average of around $60,000. Still, the vehicles hold their value quite well.
Which Dodge Charger resale and trade-in values are the highest?
While the values for the higher performance and lower mileage examples are typically the most elevated, there are some model years to consider. Cars.com reports that their list of cars with the highest trade and resale values are the model years 2018-2021.
Should I trade in or sell my Charger?
You should consider a few things before you rush out to take advantage of your Dodge Charger’s resale and trade-in value. First, Cars.com reports that the inventory shortage will likely continue through 2022 and possibly even 2023. So if your Dodge Charger is your only vehicle, finding a replacement might be quite tricky.
Furthermore, replacing your Charger might be more expensive than you think with elevated car prices. However, if you have another way to get around, you might want to consider cashing in on your Dodge Charger resale value! Scroll down to the following article to read about other cars with rising resale and trade-in values.