Chevrolet Colorado Depreciation

A Chevrolet Colorado will depreciate 50% after 5 years and have a 5 year resale value of $18,081.

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, and assumes a purchase price of $36,219 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $7,613 78.98% $28,606 13,500 2021
2 $8,421 76.75% $27,798 27,000 2022
3 $10,185 71.88% $26,034 40,500 2023
4 $13,684 62.22% $22,535 54,000 2024
5 $18,138 49.92% $18,081 67,500 2025
6 $24,020 33.68% $12,199 81,000 2026
7 $24,147 33.33% $12,072 94,500 2027
8 $24,404 32.62% $11,815 108,000 2028
9 $26,987 25.49% $9,232 121,500 2029
10 $27,776 23.31% $8,443 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $7,613 78.98% $28,606
2 $8,421 76.75% $27,798
3 $10,185 71.88% $26,034
4 $13,684 62.22% $22,535
5 $18,138 49.92% $18,081
6 $24,020 33.68% $12,199
7 $24,147 33.33% $12,072
8 $24,404 32.62% $11,815
9 $26,987 25.49% $9,232
10 $27,776 23.31% $8,443

Chevrolet Colorado Depreciation Calculator

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If you purchase a used Chevrolet Colorado that is 2 years old, then you could save $8,421 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 $9,717. 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, 79% of the price as new, with 92% of the vehicle's useful life remaining. The 2015 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
2020 $36,219 $36,219 $275 $0 0% 100%
2019 $35,686 $28,514 $330 $7,705 21.27% 78.98% Best
2018 $35,210 $27,457 $434 $1,057 3.71% 76.75% Better
2017 $34,519 $25,404 $591 $2,053 7.48% 71.88% Good
2016 $34,985 $22,462 $695 $2,942 11.58% 62.22% Good
2015 $34,782 $18,266 $904 $4,196 18.68% 49.92% Better
2012 $26,844 $10,629 $1,589 $7,637 41.81% 33.68%
2011 $26,575 $10,686 $1,829 +$57 -0.54% 33.33%
2010 $26,419 $10,499 $1,881 $187 1.75% 32.62%
2009 $25,265 $8,610 $2,169 $1,889 17.99% 25.49%
2008 $24,502 $8,289 $2,577 $321 3.73% 23.31%
Year Price % Paid Value Rank
2020 $36,219 100%
2019 $28,514 78.98% Best
2018 $27,457 76.75% Better
2017 $25,404 71.88% Good
2016 $22,462 62.22% Good
2015 $18,266 49.92% Better
2012 $10,629 33.68%
2011 $10,686 33.33%
2010 $10,499 32.62%
2009 $8,610 25.49%
2008 $8,289 23.31%
Our Favorite Chevrolet Colorado Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in April 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.