Top Cars That Are Rapidly Declining In Value

Published on 01/26/2021
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Dodge Charger

They explained on Cars.com that the cost of owning a 2015 Dodge Charger is just over $41k for five years. The car originally costs $26k, and the car will drop more than $8k in value for a year – over 45 percent. The explanation is that most of their designs are not interesting and do not have many add-on functions that can generate more interest. There are also many rivals with more attractive and upgradable vehicles that can potentially lead to this high depreciation rate.

Dodge Charger

Dodge Charger

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Chevrolet Camaro

While the Chevy Camaro is a sharp and sporty car, its value over the first 12 months of ownership is reduced by 39 percent. On our list, it has one of the highest depreciation rates. It would cost about $40k for five years, on average, to own a 2015 Camaro. This car will cost $23.7k after being driven from the dealership lot, and after 12 months, the price will drop by $8k. The Camaro is an American-made sports car with a fanbase as large as luxury car brands, like the Corvette or the Mustang. This could be why the Camaro has a price drop comparable to that of some luxury cars.

Chevrolet Camaro

Chevrolet Camaro

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