Chevrolet Colorado Depreciation

A Chevrolet Colorado will depreciate 18% after 5 years and have a 5 year resale value of $36,777.

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 $44,708 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 $4,265 90.46% $40,443 12,000 2022
2 $5,365 88.00% $39,343 24,000 2023
3 $6,259 86.00% $38,449 36,000 2024
4 $7,153 84.00% $37,555 48,000 2025
5 $7,931 82.26% $36,777 60,000 2026
6 $13,162 70.56% $31,546 72,000 2027
7 $15,599 65.11% $29,109 84,000 2028
8 $24,536 45.12% $20,172 96,000 2029
9 $24,563 45.06% $20,145 108,000 2030
10 $26,744 40.18% $17,964 120,000 2031

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,265 90.46% $40,443
2 $5,365 88.00% $39,343
3 $6,259 86.00% $38,449
4 $7,153 84.00% $37,555
5 $7,931 82.26% $36,777
6 $13,162 70.56% $31,546
7 $15,599 65.11% $29,109
8 $24,536 45.12% $20,172
9 $24,563 45.06% $20,145
10 $26,744 40.18% $17,964

Buying a Chevrolet Colorado New vs Used

If you purchase a used Chevrolet Colorado that is 2 years old, then you could save $5,365 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 $2,566. 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 $1,713 per year. This adds up to around $8,565 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 2021 Chevrolet Colorado is our top pick for the best model year value for the Colorado. With the 2021, you would only pay, on average, 90% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 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
2022 $44,708 $44,708 $350 $0 0% 100%
2021 $42,610 $38,954 $408 $5,754 12.87% 90.46% Best
2020 $36,219 $31,873 $501 $7,081 18.18% 88% Better
2019 $35,686 $30,690 $650 $1,183 3.71% 86% Better
2018 $35,210 $29,576 $773 $1,114 3.63% 84% Good
2017 $34,519 $29,365 $968 $211 0.71% 82.26%
2016 $34,985 $26,045 $1,361 $3,320 11.31% 70.56% Good
2015 $34,782 $24,163 $1,518 $1,882 7.23% 65.11%
2012 $26,844 $14,020 $1,908 $10,143 41.98% 45.12%
2011 $26,575 $14,115 $2,140 +$95 -0.68% 45.06%
2010 $26,419 $13,091 $2,475 $1,024 7.25% 40.18%
Year Price % Paid Value Rank
2022 $44,708 100%
2021 $38,954 90.46% Best
2020 $31,873 88% Better
2019 $30,690 86% Better
2018 $29,576 84% Good
2017 $29,365 82.26%
2016 $26,045 70.56% Good
2015 $24,163 65.11%
2012 $14,020 45.12%
2011 $14,115 45.06%
2010 $13,091 40.18%

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: