Chevrolet Camaro Depreciation

A Chevrolet Camaro will depreciate 40% after 5 years and have a 5 year resale value of $23,482.

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 $39,137 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 Camaro.

Chevrolet Camaro Depreciation Calculator

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Chevrolet Camaro Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $7,628 80.51% $31,509 12,000 2022
2 $9,342 76.13% $29,795 24,000 2023
3 $10,176 74.00% $28,961 36,000 2024
4 $11,491 70.64% $27,646 48,000 2025
5 $15,655 60.00% $23,482 60,000 2026
6 $18,574 52.54% $20,563 72,000 2027
7 $21,271 45.65% $17,866 84,000 2028
8 $23,834 39.10% $15,303 96,000 2029
9 $24,014 38.64% $15,123 108,000 2030
10 $24,265 38.00% $14,872 120,000 2031

Chevrolet Camaro Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,628 80.51% $31,509
2 $9,342 76.13% $29,795
3 $10,176 74.00% $28,961
4 $11,491 70.64% $27,646
5 $15,655 60.00% $23,482
6 $18,574 52.54% $20,563
7 $21,271 45.65% $17,866
8 $23,834 39.10% $15,303
9 $24,014 38.64% $15,123
10 $24,265 38.00% $14,872

Buying a Chevrolet Camaro New vs Used

If you purchase a used Chevrolet Camaro that is 2 years old, then you could save $9,342 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 $6,313. 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 Camaro models become available.

What About Chevrolet Camaro Insurance Costs?

The average cost to insure a Chevrolet Camaro is about $1,731 per year. This adds up to around $8,655 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 Camaro. 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

The Best Model Years to Buy a Chevrolet Camaro

The 2020 Chevrolet Camaro is our top pick for the best model year value for the Camaro. With the 2020, you would only pay, on average, 81% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2021 model years are also attractive years for the Camaro, and provide a relatively good value. Our rankings consider multiple factors, including the Camaro's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Chevrolet Camaro models.

Chevrolet Camaro Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $39,137 $39,137 $255 $0 0% 100% Better
2020 $38,637 $31,402 $295 $7,735 19.76% 80.51% Best
2019 $37,638 $29,013 $358 $2,389 7.61% 76.13% Better
2018 $36,769 $27,209 $459 $1,804 6.22% 74%
2017 $36,593 $26,394 $543 $815 3% 70.64%
2016 $39,426 $24,331 $674 $2,063 7.82% 60% Good
2015 $33,045 $18,303 $942 $6,028 24.77% 52.54% Good
2014 $36,972 $17,924 $1,048 $379 2.07% 45.65%
2013 $38,616 $16,244 $1,147 $1,680 9.37% 39.1%
2012 $35,914 $15,170 $1,294 $1,074 6.61% 38.64%
2011 $32,665 $12,413 $1,313 $2,757 18.17% 38%
2010 $31,881 $11,796 $1,470 $617 4.97% 37%
Year Price % Paid Value Rank
2021 $39,137 100% Better
2020 $31,402 80.51% Best
2019 $29,013 76.13% Better
2018 $27,209 74%
2017 $26,394 70.64%
2016 $24,331 60% Good
2015 $18,303 52.54% Good
2014 $17,924 45.65%
2013 $16,244 39.1%
2012 $15,170 38.64%
2011 $12,413 38%
2010 $11,796 37%

Chevrolet Camaro Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Chevrolet Camaro 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 Camaro 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: