Today we will introduce an example of car depreciation, in which we will see the difference in the price of a Dodge challenger SRT8 12 years after it was bought when its owner decided to put it for sale in America.
As you may know, buying a brand-new car from a dealership will get you a warranty that is included with the purchase of your new car, which will give you free repairs for most mechanical defects. On the other hand, the biggest disadvantage of buying a new car is that you lose money on it as soon as you drive it off the parking lot!
A good example of that would be the case we have today that was published on the web, a 2008 Dodge Challenger SRT8 that was offered for sale on eBay with only 24 Km (15 miles) on the odometer, which means it was directly stored since it was first acquired 12 years ago and has never been driven.
Yet, today, 12 years after its purchase, the price of the Challenger SRT8 dropped to $ 27,000, which is equivalent to 101,250 Saudi riyals, knowing that its owner purchased it in 2008 for an amount of $ 40,158, which is equivalent to 150,592 Saudi riyals.
The rear-wheel-drive car is powered by a 6.1-liter HEMI V8 that produces 425 horsepower, and it is connected to an automatic transmission.
For comparison purposes let us remind you that the prices of the 2020 Dodge Challenger cars in the US market range from $ 28,095, equivalent to 105,356 Saudi riyals, to $ 77,945, which is equivalent to 292,293 SAR, for the higher versions equipped with a V8 engine.
If you’re interested in owning this First Edition Mustang , the listing ends on March 27!