Chevrolet Camaro Depreciation
A Chevrolet Camaro will depreciate 53% after 5 years and have a 5 year resale value of $29,990.
The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $63,659 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
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $23,732 | 62.72% | $39,927 | 13,500 | 2025 |
| 2 | $27,119 | 57.40% | $36,540 | 27,000 | 2026 |
| 3 | $28,074 | 55.90% | $35,585 | 40,500 | 2027 |
| 4 | $31,167 | 51.04% | $32,492 | 54,000 | 2028 |
| 5 | $33,669 | 47.11% | $29,990 | 67,500 | 2029 |
| 6 | $36,235 | 43.08% | $27,424 | 81,000 | 2030 |
| 7 | $36,954 | 41.95% | $26,705 | 94,500 | 2031 |
| 8 | $40,334 | 36.64% | $23,325 | 108,000 | 2032 |
| 9 | $41,289 | 35.14% | $22,370 | 121,500 | 2033 |
| 10 | $42,970 | 32.50% | $20,689 | 135,000 | 2034 |
Chevrolet Camaro Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $23,732 | 62.72% | $39,927 |
| 2 | $27,119 | 57.40% | $36,540 |
| 3 | $28,074 | 55.90% | $35,585 |
| 4 | $31,167 | 51.04% | $32,492 |
| 5 | $33,669 | 47.11% | $29,990 |
| 6 | $36,235 | 43.08% | $27,424 |
| 7 | $36,954 | 41.95% | $26,705 |
| 8 | $40,334 | 36.64% | $23,325 |
| 9 | $41,289 | 35.14% | $22,370 |
| 10 | $42,970 | 32.50% | $20,689 |
Buying a Chevrolet Camaro New vs Used
If you purchase a used Chevrolet Camaro that is 2 years old, then you could save $27,119 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 $6,550. 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 $2,555 per year. This adds up to around $12,775 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 2024 Chevrolet Camaro is our top pick for the best model year value for the Camaro. With the 2024, you would only pay, on average, 63% of the price as new, with 92% of the vehicle's useful life remaining. The 2023 and 2022 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 |
|---|---|---|---|---|---|---|---|
| 2024 | $63,659 | $39,930 | $408 | $0 | 0% | 62.72% | Best |
| 2023 | $58,805 | $33,756 | $497 | $6,174 | 15.46% | 57.4% | Better |
| 2022 | $55,562 | $31,059 | $616 | $2,697 | 7.99% | 55.9% | Better |
| 2021 | $55,362 | $28,254 | $730 | $2,805 | 9.03% | 51.04% | Good |
| 2020 | $55,162 | $25,989 | $935 | $2,265 | 8.02% | 47.11% | Good |
| 2019 | $54,649 | $23,542 | $1,028 | $2,447 | 9.42% | 43.08% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2024 | $39,930 | 62.72% | Best |
| 2023 | $33,756 | 57.4% | Better |
| 2022 | $31,059 | 55.9% | Better |
| 2021 | $28,254 | 51.04% | Good |
| 2020 | $25,989 | 47.11% | Good |
| 2019 | $23,542 | 43.08% |
Chevrolet Camaro Depreciation Rankings
We've ranked over 300 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.
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:
Related Articles
Do Electric And Hybrid Cars Hold Their Value?
The 10 Cars, Trucks, and SUVs with the Best Resale Value in 2024
5 Trucks with the Worst Depreciation
