Chevrolet Bolt EV Depreciation

A Chevrolet Bolt EV will depreciate 27% after 5 years and have a 5 year resale value of $24,683.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $34,018 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Chevrolet Bolt EV.

Chevrolet Bolt EV Depreciation Calculator

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Chevrolet Bolt EV Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $2,211 93.50% $31,807 12,000 2022
2 $4,820 85.83% $29,198 24,000 2023
3 $5,443 84.00% $28,575 36,000 2024
4 $5,647 83.40% $28,371 48,000 2025
5 $9,335 72.56% $24,683 60,000 2026
6 $11,767 65.41% $22,251 72,000 2027
7 $14,628 57.00% $19,390 84,000 2028
8 $17,148 49.59% $16,870 96,000 2029
9 $19,421 42.91% $14,597 108,000 2030
10 $23,081 32.15% $10,937 120,000 2031

Chevrolet Bolt EV Depreciation

Years Old Depreciation Residual Value Resale Value
1 $2,211 93.50% $31,807
2 $4,820 85.83% $29,198
3 $5,443 84.00% $28,575
4 $5,647 83.40% $28,371
5 $9,335 72.56% $24,683
6 $11,767 65.41% $22,251
7 $14,628 57.00% $19,390
8 $17,148 49.59% $16,870
9 $19,421 42.91% $14,597
10 $23,081 32.15% $10,937

Buying a Chevrolet Bolt EV New vs Used

If you purchase a used Chevrolet Bolt EV that is 2 years old, then you could save $4,820 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $4,515. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Bolt EV models become available.

What About Chevrolet Bolt EV Insurance Costs?

The average cost to insure a Chevrolet Bolt EV is about $2,175 per year. This adds up to around $10,875 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Chevrolet Bolt EV. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

Chevrolet Bolt EV Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Chevrolet Bolt EV ranks for Depreciation compared to other vehicles. Also check out how the Bolt EV stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Chevrolet Bolt EV Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Chevrolet Bolt EV costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: