Chevrolet Colorado Costs
The average cost of owning a Chevrolet Colorado for 5 years is $38,709. This total will vary per vehicle, driver and location. These ownership expenses include:
The interactive chart below illustrates the relative proportion of each of the major costs of ownership. Click on any of the expenses boxes to see more detail.
Chevrolet Colorado Depreciation
A Chevrolet Colorado will depreciate in value by $14,616 after 5 years. Depreciation is difficult to avoid, but it can be managed. Depreciation is the difference between the original sales price, and what the vehicle will be worth in the future. We use 5 years as an example in our analysis.
When new, a typically-equipped Chevrolet Colorado sells for $36,486 on average. After 5 years of depreciation, the average residual value will be $21,870. This represents the vehicle's retail market price. Trade-in and private sale prices will likely be lower. Use our Chevrolet Colorado Depreciation Calculator to see how model year and mileage will affect your resale value.
Chevrolet Colorado Depreciation Calculator
Chevrolet Colorado Insurance
The average annual cost for auto insurance for a Chevrolet Colorado is $1,568, which adds up to $7,840 after 5 years of ownership. These insurance costs are estimates based on national averages for a 40 year old, with full coverage, a good driving record, and good credit. They also assume a single-car policy, and won't reflect any multi-car discounts. See our Chevrolet Colorado Insurance Tool to view rates by state, for different driver ages, credit ratings and driving history.
Chevrolet Colorado insurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure
Chevrolet Colorado Maintenance
Maintenance and repair costs for a Chevrolet Colorado will amount to $2,601 after 5 years. Expenses include scheduled maintenance, normal wear and tear items and expected repairs. These estimates exclude any free warranty work performed.
The region you live, and the way you care for and drive your vehicle can have a big impact on these costs. So, your results may vary significantly from our estimates. Our Chevrolet Colorado Maintenance Cost Estimator shows how much you are likely to spend, and the probabilities of a major repair over 10 years.
Chevrolet Colorado Financing Costs
The average cost to finance a new Chevrolet Colorado would be $4,272 after 5 years. This assumes a 72-month loan with an APR of 4.75% and a 20% down payment. Financing costs are a vehicle cost that you can control. Your interest expense can be greatly reduced by changing your loan term, improving your credit score, or increasing your down payment. If you don't know your credit score, or haven't checked in a while, it's completely free on Credit Karma.
Our Chevrolet Colorado Loan Calculator allows you to build a loan that's best suited for you. This handy utility will also help to keep you from becoming upside down, where you end up owing more than the vehicle is worth. You can estimate monthly payments and download the full amortization schedule as well. We've highlighted some typical loan scenarios in the table below. See what a difference a larger down payment will make in lowering your financing costs and your monthly payments.
Chevrolet Colorado Loans
Chevrolet Colorado Fuel Economy
A Chevrolet Colorado gets an average of 20 MPG, which will cost a total of $9,380 for fuel after 5 years, or about $1,876 annually. These estimates are based on recently collected national average fuel prices, assuming 12,000 miles driven per year - 55% city and 45% highway. These figures also reflect current EPA estimates. Fuel costs will vary based on your driving style, fuel prices in your area, and the engine that will be in your vehicle. We used the Chevrolet Colorado models and engines below for our estimates:
Chevrolet Colorado MPG
|COLORADO 2WD||6cyl, 3.6L, Auto(A8)||20||18||25|
|COLORADO 2WD||4cyl, 2.5L, Auto(A6)||22||20||26|
|COLORADO 2WD||4cyl, 2.8L, Auto(A6)||23||20||30|
|COLORADO 4WD||6cyl, 3.6L, Auto(A8)||19||17||24|
|COLORADO 4WD||4cyl, 2.5L, Auto(A6)||21||19||24|
|COLORADO 4WD||4cyl, 2.8L, Auto(A6)||22||19||28|
|COLORADO ZR2 4WD||6cyl, 3.6L, Auto(A8)||17||16||18|
|COLORADO ZR2 4WD||4cyl, 2.8L, Auto(A6)||19||18||22|