Do Dodge Durangos hold their value?
The Dodge Durango is a popular mid-size SUV that has been on the market for over two decades. When it comes to resale value, the Durango has a mixed reputation. While some models may hold their value better than others, there are several factors to consider when evaluating the long-term value of a Dodge Durango.
Factors Affecting Dodge Durango Resale Value
The resale value of a Dodge Durango can be influenced by several factors, including the vehicle's age, mileage, condition, and the specific model year. Additionally, the overall demand for the Durango in the used car market and the availability of similar vehicles can also impact its resale value.
Dodge Durango Resale Value Trends
According to industry data, the Dodge Durango generally holds its value better than the average mid-size SUV. The Durango typically retains around 50-60% of its original value after 3 years of ownership. This is a relatively strong performance compared to some of its competitors, which may only retain 40-50% of their value over the same time period.
However, it's important to note that the resale value can vary significantly depending on the specific model year and trim level. Newer, higher-end Durango models tend to hold their value better than older, base-level versions.
Tips for Maximizing Dodge Durango Resale Value
- Maintain the vehicle in good condition with regular servicing and repairs.
- Avoid excessive mileage and keep the vehicle's odometer reading low.
- Consider purchasing a higher-trim Durango model, as these tend to hold their value better.
- Sell the vehicle at the right time, as the resale value can fluctuate based on market conditions.
By following these tips and understanding the factors that influence Dodge Durango resale value, you can maximize the long-term value of your investment in this popular SUV.
What are the cons of a Dodge Durango?
Cons
- Fuel economy is below average, especially with the V8.
- Many of the latest advanced driver safety features don't come standard.
- Bigger and bulkier to drive than rival crossover SUVs.
Which car brands depreciate the most?
Luxury Cars Struggle to Hold Their Value
| Rank | Model | Average 5-Yr Depreciation |
|---|---|---|
| 1 | Maserati Quattroporte | 65% |
| 2 | BMW 7 Series | 62% |
| 3 | Maserati Ghibli | 61% |
| 4 | BMW 5 Series (Hybrid) | 59% |
Are Durangos expensive to fix?
The average annual repair cost for a Dodge is $634, which means it has above average ownership costs.
What year is the most reliable Dodge Durango?
Best Dodge Durango Model Years For Reliability
- 2008 Dodge Durango: ND Generation.
- 2017 Dodge Durango: WK2 Generation.
- 2020 Dodge Durango: WK2 Generation.
What year is Durango most reliable?
Best Dodge Durango Model Years For Reliability
- 2008 Dodge Durango: ND Generation.
- 2017 Dodge Durango: WK2 Generation.
- 2020 Dodge Durango: WK2 Generation.
What is the life expectancy of a Durango?
Mileage plays a significant role in determining how long your Dodge Durango will last. Generally, higher mileage leads to more wear and tear on critical components. Most Durangos can last well over 200,000 miles with proper care.
Is a Dodge Durango expensive to maintain?
Dodge Durango Maintenance
Maintenance and repair costs for a Dodge Durango will amount to $3,370 after 5 years.
Does Dodge Durango have good resale value?
A 2023 Dodge Durango has depreciated $18,825 or 43% in the last 2 years and has a current resale value of $24,760 and trade-in value of $21,249. The 2023 Dodge Durango is in the 75-100% percentile for depreciation among all 2023 SUVs.
Do Dodge Durangos last long?
The Dodge Durango is known for its solid build, reliability, and long-lasting performance. On average, a well-maintained Dodge Durango can last anywhere from 150,000 miles to 300,000 miles, depending on several factors like driving habits, climate, and maintenance routines.
What is the most common problem with Dodge Durangos?
A common issue in the 2022 Durango models is related to the fuel pump. Some owners have experienced stalling while driving, and difficulties refueling the vehicle, with reports of metal debris found in the fuel system. These issues have required repeated trips to the dealership for repairs.
