Chevrolet Colorado Depreciation

A Chevrolet Colorado will depreciate 39% after 5 years and have a 5 year resale value of $22,432.

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

Current Vehicle Age
Current Price
Own it For
Annual Miles

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,955 83.68% $30,531 12,000 2022
2 $7,874 78.42% $28,612 24,000 2023
3 $8,968 75.42% $27,518 36,000 2024
4 $10,056 72.44% $26,430 48,000 2025
5 $14,054 61.48% $22,432 60,000 2026
6 $16,944 53.56% $19,542 72,000 2027
7 $21,731 40.44% $14,755 84,000 2028
8 $23,552 35.45% $12,934 96,000 2029
9 $24,748 32.17% $11,738 108,000 2030
10 $26,770 26.63% $9,716 120,000 2031

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value
1 $5,955 83.68% $30,531
2 $7,874 78.42% $28,612
3 $8,968 75.42% $27,518
4 $10,056 72.44% $26,430
5 $14,054 61.48% $22,432
6 $16,944 53.56% $19,542
7 $21,731 40.44% $14,755
8 $23,552 35.45% $12,934
9 $24,748 32.17% $11,738
10 $26,770 26.63% $9,716

Buying a Chevrolet Colorado New vs Used

If you purchase a used Chevrolet Colorado that is 2 years old, then you could save $7,874 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 $6,180. 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 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, 84% 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 $348 $0 0% 100%
2020 $36,219 $30,712 $403 $5,774 15.83% 83.68% Best
2019 $35,686 $28,491 $507 $2,221 7.23% 78.42% Better
2018 $35,210 $27,219 $664 $1,272 4.46% 75.42% Better
2017 $34,519 $25,774 $768 $1,445 5.31% 72.44%
2016 $34,985 $22,485 $977 $3,289 12.76% 61.48% Good
2015 $34,782 $19,990 $1,360 $2,495 11.1% 53.56% Good
2012 $26,844 $12,758 $1,902 $7,232 36.18% 40.44%
2011 $26,575 $11,376 $1,954 $1,382 10.83% 35.45%
2010 $26,419 $10,742 $2,242 $634 5.57% 32.17%
2009 $25,265 $9,379 $2,650 $1,363 12.69% 26.63%
Year Price % Paid Value Rank
2021 $36,486 100%
2020 $30,712 83.68% Best
2019 $28,491 78.42% Better
2018 $27,219 75.42% Better
2017 $25,774 72.44%
2016 $22,485 61.48% Good
2015 $19,990 53.56% Good
2012 $12,758 40.44%
2011 $11,376 35.45%
2010 $10,742 32.17%
2009 $9,379 26.63%

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: