Does Dodge Durango hold their value?
The Dodge Durango is a popular mid-size SUV, but how well does it hold its value over time? According to industry data, the Durango performs relatively well in terms of resale value compared to other SUVs in its class.
Resale Value of the Dodge Durango
The Dodge Durango has a strong resale value, typically retaining around 50-60% of its original MSRP after 3 years of ownership. This is considered a good performance for a mid-size SUV, as many competitors in the segment only retain 40-50% of their value over the same time period.
Several factors contribute to the Durango's solid resale value:
- Reliable and durable design: The Durango is known for its rugged construction and dependable performance, which helps maintain its value over time.
- Popularity and demand: The Durango is a well-liked SUV, with consistent sales and a loyal customer base, which supports its resale value.
- Limited depreciation: Dodge has managed to limit the Durango's depreciation rate compared to some other SUVs in the segment.li>
Of course, the Durango's resale value can vary depending on factors like mileage, condition, and optional features. But overall, it performs better than many of its mid-size SUV competitors when it comes to holding its value over time.
Comparing the Durango to Other SUVs
To put the Durango's resale value in perspective, let's compare it to some other popular mid-size SUVs:
- Ford Explorer: Retains around 45-55% of value after 3 years
- Toyota 4Runner: Retains around 60-70% of value after 3 years
- Honda Pilot: Retains around 45-55% of value after 3 years
- Chevrolet Traverse: Retains around 40-50% of value after 3 years
As you can see, the Durango compares favorably to many of its competitors, with a resale value that is above average for the mid-size SUV segment. This makes it a relatively good choice for those concerned about the long-term value of their vehicle purchase.
Is Dodge Durango expensive to maintain?
The annual maintenance cost of a Dodge Durango is $675. Repair and maintenance costs vary depending on age, mileage, location and shop.
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 long do Dodge Durangos usually last?
200,000 to 250,000 miles
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.
Do Durangos have good resale value?
A 2023 Dodge Durango has depreciated $18,159 or 41% in the last 2 years and has a current resale value of $25,426 and trade-in value of $21,944. The 2023 Dodge Durango is in the 75-100% percentile for depreciation among all 2023 SUVs.
Are Dodge Durangos cheap to insure?
The average cost to insure a 2021 Durango with liability only coverage is $81 per month, while full coverage runs about $201 a month. If you're looking for the lowest possible 2021 Dodge Durango insurance policy, Aspire offered the lowest policy we found, with rates as little as $34 monthly.
What year to stay away from Dodge Durango?
The 1999 Dodge Durango is the worst year for a midsize SUV. Then come the 2004, 2000, 2005, and 2011 model years.
Why did they stop making Dodge Durango?
As Stellantis started dropping options like the Dodge Charger and Challenger, interest in the Durango declined. It sold 69,195 sales in 2023 while the Chevrolet Tahoe sold 110,326 models. Instead of revamping the Durango to maintain its brawny image, Stellantis is going in a different direction with the brand.
Which is better, a Dodge Durango or a Toyota Highlander?
With significantly higher towing capacity, better ground clearance, a longer wheelbase and a smaller turning radius, the Durango is the vehicle you want in more rugged situations like camping, towing, driving off road or in bad weather, In addition to several standard features not offered on the Toyota, the Dodge ...
Do Dodge Durangos keep their value?
A 2021 Dodge Durango has depreciated $15,588 or 39% in the last 3 years and has a current resale value of $24,117 and trade-in value of $21,326. The 2021 Dodge Durango is in the 25-75% percentile for depreciation among all 2021 SUVs.
Do Dodge durangos keep their value?
A 2021 Dodge Durango has depreciated $15,588 or 39% in the last 3 years and has a current resale value of $24,117 and trade-in value of $21,326. The 2021 Dodge Durango is in the 25-75% percentile for depreciation among all 2021 SUVs.
