[skoallio]

I want to buy a Dodge Challenger SRT8 some time in the future. Maybe 5-10 years from now. Only thing is the price for a brand new one. $45-50,000 is too hard to swallow. Should I wait a few more years to buy a used one?

The 1998 Lexus LS400 was over $50,000 when it came out. Thats even more than a brand new Dodge Challenger SRT8. Now you could buy one in mint condition with less than 100,000 miles on it for $10,009. Whats going to happen to the price of the Dodge Challenger SRT8? Will it become more affordable? Is it ever going to fall under $18,000 for a used one in mint condition like the 1998 Lexus?

 

[elborikua]

Hmmm...

Javier

 

[joe603]

Most cars deprecate drastically...However, I like having a factory warranty and knowing what has been done (or not done) to the car. I do know that in 5-10 years, it will be hard to find a car with a big V8 for under 50k. (I paid 45k brand new for mine)

 

[Bradley Manning wannabe]

SRTs don't depreciate as fast as most common cars. Predicting prices 10 yrs from now is just specualation. If the V-8 went away due to CAFE then thec ars would hold price better. If Chrysler and competition continue to build and improve high horse power cars then value drop...

Look at KBB value for a 2009 Challenger SRT with 30,000 miles in very good condition. Today's value is about $29,000. That is about a $13,000 or 31% decline in 5 years.

If the rate of depreciation remains the same for a 2014 car then in 5 years it will be about $32,000. Higher mileage cars will of course be less.

 

[YELLOW RT]

The Lexus is 16 years old with 100000 miles, I think you could get a 08 or 09 SRT right now for 20k-25k if it had 100000 miles on it.

 

[YELLOW RT]

Actually you can get one right now with low miles for that price.
Used Dodge Challenger SRT8 - in 21225 - on Cars.com

 

[Yellow Jacket 2012]

These cars will have been driven harder than a Lexus was and by 100,00 miles I'd be afraid to spend that amount of money to try it. $18,000-$20,000 @10 years old I'd buy a new Civic first.

 

[c26bt34c]

The price will drop...and go up.

SRTs don't depreciate as fast as most common cars. Predicting prices 10 yrs from now is just specualation. If the V-8 went away due to CAFE then thec ars would hold price better. If Chrysler and competition continue to build and improve high horse power cars then value drop...

Look at KBB value for a 2009 Challenger SRT with 30,000 miles in very good condition. Today's value is about $29,000. That is about a $13,000 or 31% decline in 5 years.

If the rate of depreciation remains the same for a 2014 car then in 5 years it will be about $32,000. Higher mileage cars will of course be less.

1. Prices will dip if the 15's have a significant "Power Bump."
2. Prices will climb around 2016, when CAFE regs hit hard. I doubt they will make 6.4's after 16. Many people (like me...prefer bigger displacement motors...I'd rather have a NA 6.4 over a NA 6.2.). Post 16,' I believe ALL SRT's will be 6.2 Hemi's. Some may be "blown," others not.
3. These $50K quotes about SRT's are inaccurate. I believe the average owner purchased their SRT for well less than $45K.

 

[YELLOW RT]

In the link I posted above, there is 87 08-11 SRT's for less than $30000. Higher mileage one's in the low 20's.

 

[dun4791]

The srt value will steadily decline. It's a depreciating asset. The bump in horsepower across the challenger line will help to increase the decline. No matter what happens with cafe, blah, blah, blah, they are going to depreciate.