Chevrolet Colorado Depreciation

A Chevrolet Colorado will depreciate 35% after 5 years and have a 5 year resale value of $28,096.

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 $43,285 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

Current Vehicle Age
Current Price
Own it For
Annual Miles

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $1,372 96.83% $41,913 12,000 2025
2 $10,774 75.11% $32,511 24,000 2026
3 $13,453 68.92% $29,832 36,000 2027
4 $14,210 67.17% $29,075 48,000 2028
5 $15,189 64.91% $28,096 60,000 2029
6 $16,821 61.14% $26,464 72,000 2030
7 $18,907 56.32% $24,378 84,000 2031
8 $20,734 52.10% $22,551 96,000 2032
9 $22,426 48.19% $20,859 108,000 2033
10 $25,698 40.63% $17,587 120,000 2034

Chevrolet Colorado Depreciation

Years Old Depreciation Residual Value Resale Value
1 $1,372 96.83% $41,913
2 $10,774 75.11% $32,511
3 $13,453 68.92% $29,832
4 $14,210 67.17% $29,075
5 $15,189 64.91% $28,096
6 $16,821 61.14% $26,464
7 $18,907 56.32% $24,378
8 $20,734 52.10% $22,551
9 $22,426 48.19% $20,859
10 $25,698 40.63% $17,587

Buying a Chevrolet Colorado New vs Used

If you purchase a used Chevrolet Colorado that is 2 years old, then you could save $10,774 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 $4,415. 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 $2,264 per year. This adds up to around $11,320 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 2022 Chevrolet Colorado is our top pick for the best model year value for the Colorado. With the 2022, you would only pay, on average, 75% of the price as new, with 83% of the vehicle's useful life remaining. The 2021 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.

Chevrolet Colorado Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2024 $43,285 $43,285 $409 $0 0% 100%
2023 $41,746 $40,422 $484 $2,863 6.61% 96.83% Good
2022 $44,708 $33,580 $602 $6,842 16.93% 75.11% Best
2021 $42,610 $29,365 $792 $4,215 12.55% 68.92% Better
2020 $39,770 $26,715 $949 $2,650 9.02% 67.17% Better
2019 $39,679 $25,757 $1,196 $958 3.59% 64.91% Good
2018 $38,830 $23,742 $1,387 $2,015 7.82% 61.14%
2017 $38,483 $21,673 $1,461 $2,069 8.71% 56.32%
2016 $32,714 $18,793 $1,511 $2,880 13.29% 57.45%
2015 $31,907 $17,898 $1,577 $895 4.76% 56.09%
2012 $28,104 $11,465 $1,974 $6,433 35.94% 40.79%
Year Price % Paid Value Rank
2024 $43,285 100%
2023 $40,422 96.83% Good
2022 $33,580 75.11% Best
2021 $29,365 68.92% Better
2020 $26,715 67.17% Better
2019 $25,757 64.91% Good
2018 $23,742 61.14%
2017 $21,673 56.32%
2016 $18,793 57.45%
2015 $17,898 56.09%
2012 $11,465 40.79%

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:

Used Chevrolet Colorados For Sale

2022 Chevrolet Colorado LT

2022 Chevrolet Colorado LT

Mileage: 13,582
Mileage: 13,582     Price: $27,995
Location: Sunnyvale, CA ~ 4 miles away
Dealer: Sunnyvale Ford
Days on Market: 29
Colors (ext/int): Black / Black
Very Low Depreciation Risk

$27,995


2012 Chevrolet Colorado 1LT

2012 Chevrolet Colorado 1LT

Mileage: 92,156
Mileage: 92,156     Price: $11,999
Location: Santa Clara, CA ~ 8 miles away
Dealer: West Autonation Llc
Days on Market: 77
Colors (ext/int): WHITE / BLACK

$11,999


2016 Chevrolet Colorado Work Truck

2016 Chevrolet Colorado Work Truck

Mileage: 106,800
Mileage: 106,800     Price: $15,498
Location: Santa Clara, CA ~ 8 miles away
Dealer: Star One Imports
Days on Market: 41
Colors (ext/int): White / Gray

$15,498


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