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Chevrolet Colorado Depreciation

A Chevrolet Colorado will depreciate 49% after 5 years and have a 5 year resale value of $23,321.

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 $46,052 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.

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Chevrolet Colorado Depreciation Calculator

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Current Price
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This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. You may wish to consult your own adviser regarding your particular circumstances.
0%10%20%30%40%50%60%70%80%90%100%012345678910Chevrolet Colorado Depreciation(Age of Vehicle in Years)

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,982 87.01% $40,070 13,500 2025
2 $11,034 76.04% $35,018 27,000 2026
3 $17,504 61.99% $28,548 40,500 2027
4 $21,511 53.29% $24,541 54,000 2028
5 $22,731 50.64% $23,321 67,500 2029
6 $23,422 49.14% $22,630 81,000 2030
7 $24,113 47.64% $21,939 94,500 2031
8 $24,804 46.14% $21,248 108,000 2032
9 $26,397 42.68% $19,655 121,500 2033
10 $27,871 39.48% $18,181 135,000 2034

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value
1 $5,982 87.01% $40,070
2 $11,034 76.04% $35,018
3 $17,504 61.99% $28,548
4 $21,511 53.29% $24,541
5 $22,731 50.64% $23,321
6 $23,422 49.14% $22,630
7 $24,113 47.64% $21,939
8 $24,804 46.14% $21,248
9 $26,397 42.68% $19,655
10 $27,871 39.48% $18,181

Buying a Chevrolet Colorado New vs Used

If you purchase a used Chevrolet Colorado that is 2 years old, then you could save $11,034 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 $11,697. 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 $2,316 per year. This adds up to around $11,580 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

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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, 53% of the price as new, with 67% of the vehicle's useful life remaining. The 2022 and 2020 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.

0%10%20%30%40%50%60%70%80%90%100%2019202020212022202320242025Chevrolet Colorado Depreciation CurveBest ValueBetter ValueBetter Value202120222020

Chevrolet Colorado Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2025 $46,052 $46,052 $438 $0 0% 100%
2024 $43,416 $37,777 $505 $8,275 17.97% 87.01% Good
2023 $42,888 $32,612 $637 $5,165 13.67% 76.04% Good
2022 $41,279 $25,588 $812 $7,024 21.54% 61.99% Better
2021 $39,989 $21,309 $980 $4,279 16.72% 53.29% Best
2020 $38,850 $19,674 $1,282 $1,635 7.67% 50.64% Better
2019 $38,552 $18,944 $1,420 $730 3.71% 49.14%
Year Price % Paid Value Rank
2025 $46,052 100%
2024 $37,777 87.01% Good
2023 $32,612 76.04% Good
2022 $25,588 61.99% Better
2021 $21,309 53.29% Best
2020 $19,674 50.64% Better
2019 $18,944 49.14%

Chevrolet Colorado Depreciation Rankings


We've ranked over 300 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.

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:

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