Chevrolet Colorado Depreciation

A Chevrolet Colorado will depreciate 40% after 5 years and have a 5 year resale value of $21,870.

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 $36,486 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 Calculator

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Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $6,097 83.29% $30,389 12,000 2022
2 $8,560 76.54% $27,926 24,000 2023
3 $8,983 75.38% $27,503 36,000 2024
4 $10,880 70.18% $25,606 48,000 2025
5 $14,616 59.94% $21,870 60,000 2026
6 $17,878 51.00% $18,608 72,000 2027
7 $21,903 39.97% $14,583 84,000 2028
8 $23,260 36.25% $13,226 96,000 2029
9 $25,051 31.34% $11,435 108,000 2030
10 $27,609 24.33% $8,877 120,000 2031

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value
1 $6,097 83.29% $30,389
2 $8,560 76.54% $27,926
3 $8,983 75.38% $27,503
4 $10,880 70.18% $25,606
5 $14,616 59.94% $21,870
6 $17,878 51.00% $18,608
7 $21,903 39.97% $14,583
8 $23,260 36.25% $13,226
9 $25,051 31.34% $11,435
10 $27,609 24.33% $8,877

Buying a Chevrolet Colorado New vs Used

If you purchase a used Chevrolet Colorado that is 2 years old, then you could save $8,560 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 $6,056. 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.

What About Chevrolet Colorado Insurance Costs?

The average cost to insure a Chevrolet Colorado is about $1,568 per year. This adds up to around $7,840 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 Colorado. 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 Colorado

The 2020 Chevrolet Colorado is our top pick for the best model year value for the Colorado. With the 2020, you would only pay, on average, 83% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 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
2021 $36,486 $36,486 $334 $0 0% 100%
2020 $36,219 $30,558 $392 $5,928 16.25% 83.29% Best
2019 $35,686 $27,800 $485 $2,758 9.03% 76.54% Better
2018 $35,210 $27,173 $633 $627 2.26% 75.38% Better
2017 $34,519 $24,982 $757 $2,191 8.06% 70.18%
2016 $34,985 $21,920 $951 $3,062 12.26% 59.94% Good
2015 $34,782 $19,084 $1,345 $2,836 12.94% 51% Good
2012 $26,844 $12,594 $1,864 $6,490 34.01% 39.97%
2011 $26,575 $11,525 $1,892 $1,069 8.49% 36.25%
2010 $26,419 $10,404 $2,123 $1,121 9.73% 31.34%
2009 $25,265 $8,605 $2,459 $1,799 17.29% 24.33%
Year Price % Paid Value Rank
2021 $36,486 100%
2020 $30,558 83.29% Best
2019 $27,800 76.54% Better
2018 $27,173 75.38% Better
2017 $24,982 70.18%
2016 $21,920 59.94% Good
2015 $19,084 51% Good
2012 $12,594 39.97%
2011 $11,525 36.25%
2010 $10,404 31.34%
2009 $8,605 24.33%

Chevrolet Colorado Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

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: