Do durangos have good resale value?
The Dodge Durango is a popular mid-size SUV known for its spacious interior, powerful engine options, and rugged capabilities. When it comes to resale value, the Durango generally performs well compared to other SUVs in its class. However, several factors can impact the resale value of a Durango, including the vehicle's age, mileage, condition, and the overall demand in the used car market.
Factors Affecting Durango Resale Value
The resale value of a Dodge Durango is influenced by several key factors:
- Age and Mileage: Newer Durangos with lower mileage tend to have higher resale values than older, high-mileage models. As a general rule, a Durango's value will depreciate by around 30% in the first year and continue to decline over time.
- Condition: The overall condition of the Durango, including the interior, exterior, and mechanical components, can significantly impact its resale value. Well-maintained Durangos with a clean history will typically fetch higher prices on the used car market.
- Demand: The demand for Durangos in the used car market can also affect resale value. If there is high demand for a particular model year or configuration, the resale value may be higher than for a less popular version.
- Options and Packages: Durangos equipped with premium features, such as advanced safety technologies, luxury interior upgrades, or powerful engine options, may have better resale value than base models.
According to industry data, the Dodge Durango generally retains around 50-60% of its original value after three years of ownership, which is considered a good resale value for a mid-size SUV.
Comparing Durango Resale to Competitors
When compared to other mid-size SUVs, the Dodge Durango's resale value is generally on par or slightly better than its competitors. For example, the Ford Explorer and Chevrolet Traverse typically have slightly lower resale values, while the Toyota 4Runner and Jeep Grand Cherokee may have slightly higher resale values in some cases.
Ultimately, the resale value of a Dodge Durango will depend on a variety of factors, and it's important for potential buyers to research the specific model, year, and condition of the vehicle they are considering. By understanding the factors that influence resale value, buyers can make more informed decisions when purchasing a Durango or any other used vehicle.
Does Dodge hold its value?
2022 is our top pick for the best model year value for Dodge vehicles. With the 2022, you would only pay, on average, 67% of the price as new, with 83% of the vehicle's useful life remaining. The 2023 and 2021 model years are also attractive years for the Dodge models, and provide a relatively good value.
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.
Do Dodge Durangos hold their value?
A 2022 Dodge Durango has depreciated $17,072 or 40% in the last 3 years and has a current resale value of $25,018 and trade-in value of $21,838. The 2022 Dodge Durango is in the 25-75% percentile for depreciation among all 2022 SUVs.
What is the fair market value of a Dodge Durango?
Update chart
| Year | Avg Price | 30 days |
|---|---|---|
| 2020 Durango | $25,339 | -0.4% |
| 2021 Durango | $31,808 | -0.4% |
| 2022 Durango | $32,584 | +0.2% |
| 2023 Durango | $35,345 | -1.0% |
Are durangos expensive to maintain?
Dodge Durango Maintenance
Maintenance and repair costs for a Dodge Durango will amount to $3,370 after 5 years.
Are Durangos expensive to maintain?
Dodge Durango Maintenance
Maintenance and repair costs for a Dodge Durango will amount to $3,370 after 5 years.
What is the most common problem with Dodge Durangos?
Common Dodge Durango Problems (2021-2024)
- Transmission Problems. Transmission issues are common in 2021-2024 Dodge Durango models.
- Engine Problems. Engine-related complaints include surging during acceleration, engine stalling, and loss of power without warning.
- Electrical System Malfunctions.
- Fuel System Problems.
How many miles is a lot for a Dodge Durango?
The Dodge Durango usually lasts from 200,000 to 250,000 miles when properly maintained. Data from the Department of Transportation reveals that, on average, car owners in the U.S. drive 13,476 miles per year. That suggests your Durango could last 14 to 18 years, depending on your driving style and range.
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.
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.
