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10. Dodge Challenger
Fuel economy might top the list of things car shoppers are looking for when choosing a new vehicle, but resale value is still a valid concern for many buyers. Knowing what your car is worth three to five years down the road is important, since vehicles depreciated quicker than any other asset we can spend our hard-earned cash on.
So if resale value is one of your top priorities when deciding what vehicle to purchase, this Top 10 list will be of interest to you. Based on Kelley Blue Book‘s nominees for Best Resale Award among the 2014 lineup, you can get a good idea of what your future investment could be worth in the future.
Kicking off the list is the Dodge Challenger, netting itself 60.8 percent of its original value after three years. Those looking to keep their American sports car for five years can look forward to getting back 50.5 percent of its original price. The 2014 Dodge Challenger starts from $27,290 including destination and comes standard with a Pentastar V6 engine with 305 hp and 268 lb-ft of torque. Power hungry shoppers can opt for the 5.7-liter HEMI V8 that features 375 hp and 410 lb-ft of torque.
It’s not uncommon for car buyers to consider a purchase based on how valuable the vehicle will be in the future. Here’s a list of the top 10 cars that will retain the most of their original purchase value after five years, according to Kelly Blue Book.
Toyota’s youth oriented Scion brand makes their only appearance here on the resale list with the tC. With 180 hp and 173 lb-ft of torque, the tC is a peppy compact with a sporty look. Also, thanks to it’s huge list of customization options, there’s always the opportunity to personalize the tC in whatever way you want. This is only one of two cars that make the list so be prepared to see a lot of SUVs and trucks ahead. The Scion tC finds its value still at 60.0 percent after 36 months and 46.5 percent after 60 months.
Those looking for a car with strong resale value can’t go wrong with Toyota. The Japanese automaker was awarded the title of Best Resale Value by Kelly Blue Book for the 2013 model year, while Toyota luxury division Lexus took top honors in the Luxury division.
Resale values on Chrysler products like this Dodge Challenger SRT8 went up in smoke after the company filed for bankruptcy.
According to Automotive Leasing Guide, the resale value of a Chrysler vehicle dropped six percent in the week following the company’s Chapter 11 bankruptcy filing.
In just seven days the uncertainty about Chrysler’s future crept into the marketplace in a very real way, damaging the resale values for Chrysler, Dodge and Jeep products almost equally.
Prior to the bankruptcy filing a three-year old Chrysler was worth 34.8 percent of its original value. After the filing, that amount dropped to just 28.8 percent.
The value of a three-year old Dodge went from 37.3 percent to 31.2 percent and three-year old Jeep vehicles declined in value from 38.4 percent of the original purchase price to 32.4 percent.
The news isn’t good for those who recently purchased a Chrysler vehicle and as the declines are based on percentage they can take a significant toll on pricey models – like SUVs or the Challenger SRT8 pictured above.
In comparison, a three-year old Toyota retains 45.5 percent of its original value.