Is the New Dodge Challenger Worth the Price?
And if not, which used year model is the best value?
If you’re looking for a powerful, affordable, retro-looking sports car, look no further than the Dodge Challenger. It is a larger option than many sports car competitors, and with its combination of a powerful engine, comfortable interior, and great trunk space, it’s sure to deliver in terms of quality. And some other good news: Many used Challenger models stack up quite nicely against the newer ones, especially in terms of value.
What did each year model of Dodge Challengers cost when they were new?
We want to make your car search as easy as possible. Below, you’ll find a table that outlines what cars cost now (current listing values) and how much they cost when new, showing how much their price has dropped from their original listing and how much money you can save buying them now vs. then.
With only minor improvements to the new model, and only a few substantial changes since 2017, buying used may be a smart move with the Challenger. We used our value comparison tool to check out the differences in value between each year; let’s look at six of them.
So, what’s the 2020 Challenger like?
Before we get into older models, let’s take a look at what the 2020 edition has to offer. It has an initial MSRP of $40,825, with lots of opportunity to upgrade.Though there weren’t too many technological upgrades from the 2019 to 2020 edition, in the newest Challenger you can enjoy features such as Apple CarPlay and Android Auto (which have been standard in Challengers since 2018), great climate control, and a very roomy front seat. The main updates to the 2020 model are fairly small overall, with things like minor appearance changes being the main addition. To get a better idea of how the 2020 compares to other models, check out CoPilot.
CPOs ARE BETTER THAN BUYING NEW
If you’re looking for new cars, a Certified Pre-Owned (CPO) car might help you buy a like-new car at a significant discount vs. MSRP. Here’s why CPOs are better than buying new.
2014 Dodge Challenger: Used vs. New
2014 Dodge Challenger: Average Used Listing Price and Value
The 2014 Dodge Challenger has an average retail price of $18,506, almost $10,000 lower than the newest model. Its average MSRP, however, sits around $33,484. That’s a price savings of over 40%, or $13,000 – almost as much as you’d be paying for the car altogether.
Is buying a used 2014 Dodge Challenger a good deal?
It is a good deal! Though it’s missing some of the more advanced updates, the 2014 Challenger still offers features like keyless entry and a sophisticated infotainment system. It also provides a savings of a whopping 40%. However, some big changes, including styling choices and new trim introductions, were made in 2015 that may make that year’s model an even better deal.
Newer features the 2014 Dodge Challenger lacks:
- Android Auto
- Apple CarPlay
- Hellcat trim and later (not yet released)
- All-wheel drive not included in base trim
2015 Dodge Challenger: Used vs. New
The 2015 Challenger currently has an average MSRP of $39,886 but an average retail price of $27,617. Buying used would grant you a savings of $12,269 here (32%). The 2015 Challenger seems to have gotten some major styling upgrades from 2014, with sleek changes to both the interior and exterior being made. The 2015 model also came along with the introduction of the SRT Hellcat trim, one of the many trim levels unique to the Challenger.
Is buying a used 2015 Dodge Challenger a good deal?
It’s a great deal to buy a used 2015 Challenger. With better safety and reliability than the 2014 and an updated look that the Challenger keeps from then on out, it’s a surprise that the 2015 can still offer such a savings. Click here to search all the used 2015 Dodge Challengers in your area.
Newer features the 2015 Dodge Challenger lacks:
- Android Auto
- Apple CarPlay
- Hellcat Redeye trim and later (not yet released)
- All-wheel drive not included in base trim
2016 Dodge Challenger: Used vs. New
2016’s model has an average MSRP of $47,082 and an average price of $34,813, coming out to a $12,296 – or 26% – savings when buying used. Since 2015 saw some big changes for the Challenger, the 2016 model remains fairly unchanged.
Is buying a used 2016 Dodge Challenger a good deal?
It’s a good, not a great, deal to buy a used 2016 Dodge Challenger. As previously mentioned, the 2016 didn’t have too many updates and it provides less of a savings than the 2015. There is a lower average mileage on used 2016’s, though, so if that’s something that’s important to you, it’s definitely worth a look.
Newer features the 2016 Dodge Challenger lacks:
- Android Auto
- Apple Car Play
- Hellcat Redeye trim and later (not yet released)
- All-wheel drive not included in base trim
KNOW THE WARNING SIGNS
Wondering what to look out for when buying a used car? With such a large purchase, it pays to be a cautious shopper. Check out this list of red flags to look out for when buying a used car.
2017 Dodge Challenger: Used vs. New
The 2017 Dodge Challenger has an average MSRP of $39,900 and an average retail price of $30,551. Though not the 35-40% price savings that a used 2014 or 2015 will get you, a 23% price savings, or almost $10,000, is not chump change by any means. The 2017 model also saw continued internal improvements like an upgraded infotainment system featuring Apple CarPlay and Android Auto, among other things.
Is buying a used 2017 Dodge Challenger a good deal?
With almost as much of a savings as 2016 and more technological improvements (including Apple CarPlay and Android Auto, finally!), going for the 2017 Challenger would definitely be a smart choice. Search all the 2017 Dodge Challengers near you and get automatic price alerts whenever prices drop.
Newer features the 2017 Dodge Challenger lacks:
- Hellcat Redeye trim and later (not yet released)
- All-wheel drive not included in base trim
2018 Dodge Challenger: Used vs. New
In 2018, the Dodge Challenger had an average MSRP of $43,305. Now, with an average price of $30,473, it’s $12,832, or over 20%, cheaper to buy used. The 2018 Challenger boasts all of the same perks of the earlier versions, and still holds onto its smooth ride and spacious interior.
Is buying a used 2018 Dodge Challenger a good deal?
Though it’s a lower percentage savings than the years prior, it’s almost equivalent in price to buy a 2017 or a 2018. With about 7,000 fewer miles than the average 2017 model, the 2018 is the clear choice here.
Newer features the 2018 Dodge Challenger lacks:
- Hellcat Redeye trim and later (not yet released)
- All-wheel drive not included in base trim
2019 Dodge Challenger: Used vs. New
Finally, the 2019 model had an average MSRP of $40,299 and now has an average price of $33,592, providing a nice savings of 16% (around $6737). The 2019 Challenger introduced Dodge’s new Hellcat Redeye, an improvement on 2015’s Hellcat trim. All-wheel drive was also added to the base trim. Overall, the 2019 is very similar in features to the newest model, making a used model a steal for a similar ride.
Is buying a used 2019 Dodge Challenger a good deal?
Yes! If you’re essentially looking for a nearly-new car with a few dollars off the 2020 Challenger, the 2019 is the way to go. With an average mileage of only 16,000 and a savings off its original MSRP of over 16%, a used 2019 Challenger provides a similar amount of reliability at a fraction of the price.
Newer features the 2019 Dodge Challenger lacks:
None. The 2020 Challenger doesn’t add any major features that the 2019 misses out on.
Which used year model of Dodge Challenger is best?
Ultimately, the Dodge Challenger is a strong choice for a car however you buy it. Buying new will come with some obvious benefits – fewer miles racked up, the newest features, and increased reliability, to name a few. If you’re okay missing out on some of the newest improvements, however, you could be saving a lot of cash by buying used (upwards of $10,000 for most models), and still get to enjoy all that the Challenger has to offer. To search all of the dealerships and listings in your area for used Dodge Challengers, try the CoPilot app.
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The CoPilot app is the smartest way to buy a car. Search all listings in your area, get notified about deals, new listings, and price drops, or chat with one of our copilots for some hands-on advice.
Our recommendation: the 2018. For cheaper than the 2017 and less mileage, too, you’ll get a fast, sleek, and reliable ride. The only things you’d really be missing out on by not going for the 2019 or the 2020 are the price (obviously) and the Hellcat Redeye trim (if that’s important to you). Other than that, the 2018 Challenger is a reliable choice that provides a savings of over 20% off its original price. Still not convinced? Try CoPilot and decide for yourself.
