Depreciation
The depreciation graph and accompanying table on our page detail how the 1998 CHRYSLER SEBRING's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 1998 CHRYSLER SEBRING in 1998 was $7,600.
The average price for used 1998 CHRYSLER SEBRING nowadays in 2024 is $4,999 which is 66% from the original price.
Estimated mileage driven per year is 8,397 miles.
The graph below is a depreciation curve for 1998 CHRYSLER SEBRING. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 1998 CHRYSLER SEBRING in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 1998 MSRP | 0 mi | $7,600 | — | — | 100% | 0% |
| 2012 | 125,955 mi | $5,756 | +$0 | +0% | 75.74% | 24.26% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the CHRYSLER SEBRING’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 1998 CHRYSLER SEBRING. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 1998 CHRYSLER SEBRING by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 45,000 mi | $4,900 | 15 sales |
| 70,000 mi | $4,500 | 17 sales |
| 75,000 mi | $4,490 | 15 sales |
| 85,000 mi | $4,900 | 18 sales |
| 90,000 mi | $2,999 | 11 sales |
| 95,000 mi | $4,775 | 14 sales |
| 105,000 mi | $4,950 | 19 sales |
| 110,000 mi | $3,992 | 18 sales |
| 115,000 mi | $3,995 | 12 sales |
| 120,000 mi | $2,996 | 11 sales |
| 125,000 mi | $3,900 | 11 sales |
| 155,000 mi | $1,950 | 11 sales |
Frequently asked questions
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Other years of CHRYSLER SEBRING
1996 CHRYSLER SEBRING
$5,998 average used price
200+ sales records
1997 CHRYSLER SEBRING
$6,000 average used price
300+ sales records
2001 CHRYSLER SEBRING
$4,900 average used price
1,400+ sales records
2002 CHRYSLER SEBRING
$5,700 average used price
2,000+ sales records
2003 CHRYSLER SEBRING
$5,888 average used price
750+ sales records
2007 CHRYSLER SEBRING
$4,995 average used price
2,700+ sales records
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