Are you in the market for a stylish, sporty car that has both the power and the look that you want? The Dodge Charger might be the right fit for you. When you’re thinking about buying a car, it’s key to think about how the value of your car will change over time.
Do Dodge Chargers hold their value?
The Dodge Charger will lose about 79% of its value over the first ten years (average MSRP of $38,557). The MSRP for the 2021 Dodge Charger ranges from $29,995 for the base SXT model all the way up to $36,995 for the top-of-the-line R/T model.
Doing your research before you buy a car is smart, and it’s easy to get caught up in the bells and whistles of your potential new vehicle. Don’t forget to consider how your car will depreciate over time—this will change the car’s resale value and affect how much you’ll be able to get when you trade it in years from now.
Here, we’ll explore how the depreciation of the Dodge Charger compares to competitors, what customers are saying about their experience with the Charger, and how much you can actually expect to pay if you decide to move forward with your purchase.
Does the Dodge Charger Hold its Value?
The Dodge Charger holds up well over time, and there’s nothing wrong with purchasing a lightly used vehicle. The Charger loses quite a bit of value as soon as it’s purchased new (up to $10,025), so purchasing a vehicle that’s a year or two old can save you a ton of cash.
Let’s take a look at how the depreciation of competing vehicles compare to the Charger.
Chrysler 300
- Starting MSRP: $35,650
- 10-Year Retail: $6,759
Chevrolet Impala
- Starting MSRP: $31,323
- 10-Year Retail: $6,938
Kia Stinger
- Starting MSRP: $44,831
- 10-Year Retail: $12,445
Customer Perception
There’s no doubt about it—Charger owners love their cars. Our drivers rate their Chargers as 4.95 out of 5 stars. Owners love the car’s smooth ride, powerful engine, spacious interior, and top-of-the-line safety features. Some customers complain about the gas mileage of the vehicle, however, especially when driving in a city setting.
What is the Price of a Dodge Charger?
SXT
The SXT trim level’s MSRP ranges from $29,995 to $33,595. This base model trim level includes a 3.6L V6 24V VVT engine, an 8-speed automatic transmission, a steel spare wheel, optional 17″ x 7.0″ painted cast-aluminum wheels or 19″ x 8″ satin carbon wheels, optional P215/65R17 low rolling res tires, optional body-colored power side mirrors with manual-folding, and more.
The interior of the vehicle includes a 60-40 folding bench, front-facing, fold-forward seatback cloth rear seat, optional power 4-way driver lumbar front seat, a rear armrest with cupholder seat, optional leather / metal-look steering wheel or sport leather / metal-look steering wheel, an optional front center armrest with storage, and more.
Options for the SXT trim level include:
- Cold weather package ($695)
- Blacktop package ($1,295)
GT
The GT trim level’s MSRP ranges from $31,995 to $34,995. Upgrades from the base model include optional 20″ x 8.0″ satin carbon painted or 20″ x 8″ carbon AWD wheels, optional 245/45ZR20 AS performance or optional 245/45R20 BSW AS performance tires, standard body-colored power heated side mirrors with manual-folding, standard lip spoiler, and more.
The interior of the GT trim includes a 12-way power driver seat, optional front seats with power 4-way lumbar, cloth performance seats, front center armrest and rear center armrest with storage, rear cupholder, standard sport leather / metal-look steering wheel, and more.
Options for the GT trim level include:
- Cold weather package ($695)
- Blacktop package ($1,295)
R/T
The R/T trim level’s MSRP is $36,995. The 5.7L V8 HEMI MDS VVT engine is a step up, as well as having increased torque and horsepower.
The R/T trim level comes with a spare tire mobility kit, 20″ x 8″ satin carbon aluminum wheels, a body-colored front bumper with black rub strip fascia accent, optional 245/45ZR20 AS performance tires, and optional power lumbar for 4-way driver seats.
Options for the R/T trim level include:
- Carbon/suede interior package ($1,595)
- Cold weather package ($695)
- Blacktop package ($1,095)
Are You Buying a Charger? Do This First!
If you’re getting ready to purchase a Dodge Charger, you should be sure you do your research before you head to the dealership. Get a report from Vehicle History—you’ll get everything from owner reviews to trim level specifications, as well as the confidence you need to make an informed purchase decision.
