The Chrysler 300 series is a premium car with great power, impressive handling, and a luxurious interior. While a new Chrysler could come with a hefty price tag, a used Chrysler is a great way to experience driving a sports car without spending a fortune.

Over the 96 years of Chrysler’s operation, plenty of vehicles have rolled off its production lines. However, it can be hard to know where to start when choosing the best model. That’s why

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, the top-rated

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broker app, did some digging for you on the best used Chrysler to buy. We'll also show you how to save on

Chrysler insurance costs

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The best used Chrysler to buy: 2016 Chrysler 300

Chrysler excels when it comes to creating muscle cars, but the Chrysler 300 is one of the best. A luxury sedan that’s stylish, roomy, and powerful, the Chrysler 300 is rated highly by consumers and experts alike, and you’ll find out why below.

What makes the 2016 Chrysler 300 a good used car?

If you want to get a muscle car, a used Chrysler is a great starting point. Here’s what sets the 2016 Chrysler 300 apart from the rest of Chrysler's lineup.

For a fair comparison, we used four main factors: true cost to own, safety features, reliability, and customization:

True cost to own: A used Chrysler may come with an attractive price tag, but the maintenance and insurance bills can be another story. The best used Chrysler needs to be budget-friendly to own, without sky-high maintenance fees. It should also have cheap insurance, a low depreciation rate, and affordable repair costs.

Safety features: Buying a used car may also mean sacrificing the latest technologies, depending on the model year. For the best used Chrysler, we looked for a car that has exceptional driver-assistance technology and good safety ratings.

Reliability: Used cars can be a bit of a gamble. You want to get a Chrysler that will last, not one that breaks down as soon as you leave the dealership.

Customization and styling: Unfortunately, buying a used car means you can’t choose any add-on options for it. However, the best used Chrysler should come with many options for body styles and trim levels and not look dated.

MORE: 7 things to look for when buying a used car

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The true cost of owning a 2016 Chrysler 300

A car’s true cost of ownership is the amount you should expect after all expenses are considered. This includes the purchase price and the cost of operation, such as maintenance and insurance, as well as interest on your loan (if you have one).

When you choose to buy a luxury car, you’re guaranteed to face higher maintenance and repair costs. A car like a Chrysler 300 typically requires premium parts, which would make it a heavier financial burden compared to a regular car. Insurance rates are also higher for luxury cars since repairs and replacements would be more costly to cover.

On the other hand, since the 2016 Chrysler 300 has great safety features and provides a luxury experience without an extravagant price tag, the true cost to own this used car is more reasonable. Let’s break down the true cost of owning a Chrysler, and see how the 300 compares.

Purchase price

The manufacturer’s suggested retail price (MSRP) for a 2016 Chrysler 300 starts around $32,890, but a used 300 will likely be between $12,000 and $28,000. The actual cost will depend on the mileage, trim, and add-ons.

Costs of operation

With a good credit score and significant down payment, you can qualify for lower loan payments and interest rates for a 2016 Chrysler 300.

Depreciation costs for a 2016 Chrysler 300 are comparatively lower than a newer Chrysler, which can lose an average of 56% of its value within the first five years. Since this car is already past the five-year mark, you won’t lose as much.

We recommend the base-level Limited trim over the 300 S for two simple reasons. The 300 S will put you in the higher price range without significant benefits—you only gain an enhanced suspension and tire package. Choosing a lower trim also means you will likely pay a lower insurance premium, which is a key factor in the total cost of ownership.

Fuel costs for the 300 are higher but acceptable since the car performs best with mid-grade unleaded gasoline with an octane rating of 89. However, unleaded regular gas is also acceptable.

Key Takeaway An affordable MSRP, lower rate of depreciation, and lower gas grade requirements help keep the total cost of owning a 2016 Chrysler 300 relatively low.

Safety features of the 2016 Chrysler 300

Luxury muscle cars similar to the Chrysler 300 may not be seen as a car with high safety ratings compared to SUVs and minivans.

However, the Chrysler 300 is equipped with advanced safety features. The 2016 model year received a decent score from the

Insurance Institute for Highway Safety

. Standard safety features on the 300 include:

Child door locks

Child seat anchors

Driver airbag

Passenger airbag

Stability control

Traction control

Blind-Spot alert

Driver knee airbag

Emergency and security services

Front head curtain airbag

The

National Highway Traffic Safety Administration

scored the Chrysler 300 (AWD and RWD) four out of five stars for their overall safety rating, four stars for frontal and rollover crashes, and five stars for side crashes.

Is the 2016 Chrysler 300 a reliable used car?

According to consumer and expert reviews, both sides agree that the 2016 Chrysler 300 is a reliable car with class and style.

The 2016 300 engine can make loud thunking noises when driving, which can lead to the ending failing during the drive. However, this can be easily avoided when you keep up with its

regular maintenance

schedule. Routine maintenance for used cars not only mitigates normal wear and tear but also allows you to identify any potential problems so that you don’t end up with an unexpected (and hefty) repair bill.

Overall, you can expect a 2016 Chrysler 300 to last up to 200,000 miles without experiencing any major issues.

MORE:

Basic car maintenance schedule

Customization and styling

For those looking for more customization, the 2016 Chrysler 300 comes in a multitude of colors and trims. Many find the 300’s elevated yet classic styling makes this Chrysler timeless when it comes to aesthetics and comfort.

The 300 is available in the following trims:

Limited (base)

300 S

300 S Alloy Edition

Anniversary Edition

Each trim comes in AWD or RWD so that you can find the model that best fits your driving style and needs. The elegant interior and upscale options outcompete some full-blown luxury sedans.

Chrysler’s UConnect system also gains new features like Drag and Drop, Siri Eyes Free, and Do Not Disturb, which many consumers find to be a highlight for the 300.

How to find affordable insurance for a used Chrysler

Without a doubt, luxury cars are more expensive to insure compared to a regular sedan. The

average cost to insure a Chrysler 300

is close to $3,000 a year, which can be nerve-racking for some owners.

Here’s where

Jerry

can help—it is the easiest and most effective way to find a car insurance policy that is customized for you.

After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to. They even help cancel your old policy! It's a

licensed broker

on your phone whenever you need it.

To ensure you always have the lowest rate, Jerry will send you new quotes every time your policy comes up for renewal. This means you’re always getting the coverage you want at the best price. The average Jerry user can save $887 a year—in other words, you could lower your insurance costs for a used Chrysler by 32%!

“WOW.
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has been so easy to use. I called a representative when I wanted some clarification, and they walked me through the entire process of finding a new rate for full coverage on my luxury vehicle.” —Beth G.

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