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What is the Dodge depreciation rate?
How fast do Dodge vehicles depreciate? I worry about buying a car with a high depreciation rate because I won’t be able to sell it if I can’t handle the loan.
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Overall, Dodge vehicles depreciate at a pretty average rate. The average vehicle from Dodge will depreciate by 25% to 40% within the first five years of ownership. When you compare this to the national average of 40% depreciation within the first five years, that’s not a bad statistic.
Still, if you’re worried about getting behind on your loan, it’s a great idea to get
gap insurance
. This type of coverage will protect you in the event that you get into an accident while you owe more on your loan than your vehicle is worth.Considering adding gap insurance to your policy?
Jerry
can help. This top-rated app helps drivers find car insurance
policy quotes in just 45 seconds. The average user saves over $800 per year.View full answer
- Gregory R.
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