Chevrolet Colorado Depreciation

A Chevrolet Colorado will depreciate 49% after 5 years and have a 5 year resale value of $18,410.

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 $36,219 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 Colorado.

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,933 83.62% $30,286 13,500 2021
2 $6,567 81.87% $29,652 27,000 2022
3 $8,316 77.04% $27,903 40,500 2023
4 $13,991 61.37% $22,228 54,000 2024
5 $17,809 50.83% $18,410 67,500 2025
6 $22,412 38.12% $13,807 81,000 2026
7 $23,807 34.27% $12,412 94,500 2027
8 $24,549 32.22% $11,670 108,000 2028
9 $26,259 27.50% $9,960 121,500 2029
10 $27,708 23.50% $8,511 135,000 2030

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value
1 $5,933 83.62% $30,286
2 $6,567 81.87% $29,652
3 $8,316 77.04% $27,903
4 $13,991 61.37% $22,228
5 $17,809 50.83% $18,410
6 $22,412 38.12% $13,807
7 $23,807 34.27% $12,412
8 $24,549 32.22% $11,670
9 $26,259 27.50% $9,960
10 $27,708 23.50% $8,511

Chevrolet Colorado Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Chevrolet Colorado that is 2 years old, then you could save $6,567 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 $11,242. 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 Colorado models become available.

The Best Model Years to Buy a Chevrolet Colorado

The 2019 Chevrolet Colorado is our top pick for the best model year value for the Colorado. With the 2019, you would only pay, on average, 84% of the price as new, with 92% of the vehicle's useful life remaining. The 2015 and 2016 model years are also attractive years for the Colorado, and provide a relatively good value. Our rankings consider multiple factors, including the Colorado'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 Colorado models.

Chevrolet Colorado Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $36,219 $36,219 $347 $0 0% 100% Good
2019 $35,686 $30,242 $403 $5,977 16.5% 83.62% Best
2018 $35,210 $29,331 $506 $911 3.01% 81.87% Good
2017 $34,519 $27,257 $664 $2,074 7.07% 77.04%
2016 $34,985 $22,236 $767 $5,021 18.42% 61.37% Better
2015 $34,782 $18,655 $977 $3,581 16.1% 50.83% Better
2012 $26,844 $11,896 $1,662 $6,759 36.23% 38.12%
2011 $26,575 $11,008 $1,901 $888 7.46% 34.27%
2010 $26,419 $10,467 $1,954 $541 4.91% 32.22%
2009 $25,265 $9,190 $2,241 $1,277 12.2% 27.5%
2008 $24,502 $8,409 $2,650 $781 8.5% 23.5%
Year Price % Paid Value Rank
2020 $36,219 100% Good
2019 $30,242 83.62% Best
2018 $29,331 81.87% Good
2017 $27,257 77.04%
2016 $22,236 61.37% Better
2015 $18,655 50.83% Better
2012 $11,896 38.12%
2011 $11,008 34.27%
2010 $10,467 32.22%
2009 $9,190 27.5%
2008 $8,409 23.5%

Other Chevrolet Colorado 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 Colorado 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: