Lifetime Premium Member
Join Date: Feb 2009
Location: Off the rails on a crazy train
Thanked 290 Times in 82 Posts
Feedback Score: 2 reviews
I was checking the paper and online just the other day as to what my car might be worth just out of curiosity. It appears that my fully loaded R/T is worth almost as much as I paid for it. I was pretty happy about that but I'm sure KellyBlueBook and Edmunds will still show depreciation because they work on a scale rather than the market.
What I can tell you is that whenever you buy a new car, you always want to get it fully loaded -- if you can afford it. It's the options that drive the resale price up as they don't depreciate as much as the car itself. A stripped down model will always take the hit in resale value. A lot of people buy a stripped down version thinking that they'll add the options themselves later. As many find out, the spare tire was $100 option from the factory, it's about $400 aftermarket, and that's a cheap option.
Now, as for the SRT vs. the R/T (both great cars), here are some of my personal observations:
The SRT is the top of the line model so it will carry its value the best. That is, until gas prices begin to rise, then the R/T will become the attractive model.
Since the SRT has only 50 hp more than the R/T, you can buy a fully loaded R/T, add a cat-back system, cold air intake and some engine bling and still come in well below the price of an SRT. But, with the SRT you get the 50 hp more, much better brakes, and a bunch of other stuff that most R/T owners add to theirs, like the hood struts, functional hood scoops, etc., all standard on an SRT -- and you WILL be adding mods -- almost every Challenger owner has, so you have to factor in being able to save that extra cash.
The R/T auto only requires 89 octane gas whereas the R/T 6 speed and the SRTs both require the more expensive 91 octane.
The R/T has a matching color painted rear spoiler whereas the SRT has a flat black one on all colors.
The R/T is available with chrome clad wheels, which look better with certain dark colors, whereas the SRT has the brush aluminum wheels.
The R/T has the ugly engine cover covering an even uglier plastic intake manifold (black) whereas the SRT has a brush aluminum intake manifold which gives it a much better engine appearance. To me, that's worth the extra money all by itself. At car shows, the R/T's engine compartment (stock) is almost an embarassment.
All of the Challenger models (SRT, R/T and SE) get the same visual response from people -- "Great looking car!"
If money is tight, then it's probably best to wait until you know that you can easily afford the car. It's better to have the car and sell it when you feel like it rather than finding out later that you can't afford it have to sell it. In the meantime, you can always keep an eye out for someone who got in over their head and are selling on the cheap just to get out from under the car. Although rare, deals can be had. I saw someone post last week that they bought an SRT on eBay for $35k. That sounded like a good deal to me.
Just my two cents.