KBB estimated value is way too high when I checked. They don’t have much data to work with.

Carmax seems like a better market driven metric for retail value of used Daytonas. Discount the carmax number by some dealer trade in percentage (75%?) to get an estimated trade in value.

https://www.carmax.com/cars/dodge/charger-daytona

I just sold my used bmw i3 last week through a local consignment dealer but almost sold it carvana to get it out of my hair and found their offer process to be very easy. So you go me curious and I just entered my (leased, but acted like I own it) loaded 2024 RT into their offer machine to see what it would do. Here’s what it came back with.

 

My residual price in 2 years is 42k I think, so it’s going to be way upside down by then. I really love the car, but will make no financial sense to keep it. I wish it were easy to renegotiate the residual price at the end of lease, but according to the internet, that is very unlikely to be possible, so they will get a return and somebody will get a good deal at auction.

 

I figure that Carvana would offer the highest. My mom sold a car through them and got the best price and then got a new AMG SL 😄.

I am planning 2 years and then revisit. By then may want to get back into a luxury car again or another 4x4.

 

Ever since the first EVs hit the US they have, with rare exception, had God-awful resale value. It's almost never made sense to buy them because of this. Leasing has generally been the way to go. You're going to be upside down ~halfway through your loan payoff if you did 5 or 6 years finance.

 

At the end of the day, cars are rarely an investment. Leasing does make more sense for an EV.
I figure life is short, get what makes you happy if you can afford it and it makes sense to you.

 

If leasing was not an option, I would have bought the car outright, it is really great. No need to 2nd guess it.

 

I saw an RT ( no plus package) on carmax for $38k with under 1000 miles so that should give you an idea.

 

I've seen a new RT with Plus Pack and Blacktop package, MSRP: $70,970, Guaranteed Price: $42,498.

 

Well, they dropped the price again. Over $30,000 off MSRP.

 

I did a Carvana quote for grins and was at $40,200.
Still 12k in the negative. Guess it could be worse.

I like the car, just not used to EV resale. A lease seems like it makes the most sense, unless you see yourself in this EV for 6-10+ years after.

I had gotten out of a bad loan in the past, where the dealer stacked incentives and was able to use employee pricing. The company that I work for participates with corporate Ford and GM pricing.

I guess, I am also a little disappointed in the dealer's lack of trying and giving $5+k off of what I could get elsewhere. To me, that is lazy and greedy.

My wife's friend had purchased a Tesla model S for $110k cash. Sold stocks from the company that she worked at. Fast forward 5 years, got back $14k on a trade...and used the equity to get into a stripped Tesla model 3.

 

I leased mine, as did many here having considered the inevitable depreciation. The only concern I have, if I decide to actually buy another used Daytona (I'd consider buying a new one if there is actually an EV to buy in the next 3 years) is whether or not it's a lemon (even if the sales record is stated as clean). My current car (knock on wood) has been essentially flawless, but I'm not buying it back for the residual value on the lease unless they offer a near 2% IR loan for a used car.

 

The $7500 tax credit also helps to decimate the resale value. Take the 7.5 K off the sticker then usually the resale value makes a little more sense.

 

Except there was no tax credit on purchase, only on lease.

 

The $7500 Federal tax credit did not apply to retail sales of the Dodge Charger Dayton EV. It's MSRP was too high. Cars were limited to $55,000 max MSRP to be eligible for the tax credit per the New Clean Vehicle Credit. Vans, SUVs, and pickup trucks were limited to a max MSRP of $80,000.

The $7500 credit applied to leases because they were covered by the Commercial Clean Vehicle Credit.

 

Here in SoCal the unsold vehicles have already shot back up into the 50k range for the same RT’s that were in the 30k range a week ago. No one knows how to value the used market for EVs. Bottom line is they have no transmission so millage doesn’t mean much and lithium ion packs degenerate at 1 percent a year. It will last forever if dodge keeps the software updates coming. I think the car has a good chance of being a resale champ when it’s all said and done, especially if you were lucky enough to get the car in the low 40’s or 30’s. Also not sure how the RT being discontinued will effect things.