Chevrolet Colorado Depreciation

A Chevrolet Colorado will depreciate 49% after 5 years and have a 5 year resale value of $18,486.

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, 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 $5,860 83.82% $30,359 13,500 2021
2 $6,494 82.07% $29,725 27,000 2022
3 $8,240 77.25% $27,979 40,500 2023
4 $13,919 61.57% $22,300 54,000 2024
5 $17,733 51.04% $18,486 67,500 2025
6 $22,311 38.40% $13,908 81,000 2026
7 $23,709 34.54% $12,510 94,500 2027
8 $24,448 32.50% $11,771 108,000 2028
9 $26,154 27.79% $10,065 121,500 2029
10 $27,599 23.80% $8,620 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $5,860 83.82% $30,359
2 $6,494 82.07% $29,725
3 $8,240 77.25% $27,979
4 $13,919 61.57% $22,300
5 $17,733 51.04% $18,486
6 $22,311 38.40% $13,908
7 $23,709 34.54% $12,510
8 $24,448 32.50% $11,771
9 $26,154 27.79% $10,065
10 $27,599 23.80% $8,620

Chevrolet Colorado Depreciation Calculator

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If you purchase a used Chevrolet Colorado that is 2 years old, then you could save $6,494 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 $11,239. 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 $275 $0 0% 100%
2019 $35,686 $30,242 $330 $5,977 16.5% 83.82% Best
2018 $35,210 $29,331 $434 $911 3.01% 82.07% Good
2017 $34,519 $27,257 $591 $2,074 7.07% 77.25% Good
2016 $34,985 $22,236 $695 $5,021 18.42% 61.57% Better
2015 $34,782 $18,655 $904 $3,581 16.1% 51.04% Better
2012 $26,844 $11,896 $1,589 $6,759 36.23% 38.4%
2011 $26,575 $11,008 $1,829 $888 7.46% 34.54%
2010 $26,419 $10,467 $1,881 $541 4.91% 32.5%
2009 $25,265 $9,190 $2,169 $1,277 12.2% 27.79%
2008 $24,502 $8,409 $2,577 $781 8.5% 23.8%
Year Price % Paid Value Rank
2020 $36,219 100%
2019 $30,242 83.82% Best
2018 $29,331 82.07% Good
2017 $27,257 77.25% Good
2016 $22,236 61.57% Better
2015 $18,655 51.04% Better
2012 $11,896 38.4%
2011 $11,008 34.54%
2010 $10,467 32.5%
2009 $9,190 27.79%
2008 $8,409 23.8%
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 September 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.