These Cars Are Not As Valuable As They Were, See For Yourself

Published on 01/09/2019
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Dodge Charger

According to Cars.com, it costs a little more than $41k to own a 2015 Charger for five years. With the original cost of $26k, the value of the car will drop over $8,000 (or roughly 45 percent) in the first year. Most models aren’t really interesting and don’t really have noteworthy add-on features. Perhaps the reason for the high depreciation rate is more popular, attractive, and upgradable competitors.

Dodge Charger

Dodge Charger

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Chevrolet Camaro

The sporty and sharp Chevy Camaro is said to have a depreciation rate of 39 percent during its first year, one of the highest rates on the entire list. The average cost to own a 2015 Camaro for 5 years is approximately $40k. After the car is driven off, it drops to $23.7k and in the first year of ownership, it loses over $8,000. Similar to a Mustang, SS or Corvette, the American-made Camaro is an example of a sports car that has worshipers like luxury car lines do, which is perhaps why the value of a Camaro drops like the value of a luxury car.

Chevrolet Camaro

Chevrolet Camaro

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