Chevrolet Equinox EV Depreciation
A Chevrolet Equinox EV will depreciate 52% after 5 years and have a 5 year resale value of $20,097.
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 $42,158 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 Equinox EV.
Chevrolet Equinox EV Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $11,758 | 72.11% | $30,400 | 13,500 | 2025 |
| 2 | $14,532 | 65.53% | $27,626 | 27,000 | 2026 |
| 3 | $14,831 | 64.82% | $27,327 | 40,500 | 2027 |
| 4 | $16,749 | 60.27% | $25,409 | 54,000 | 2028 |
| 5 | $22,061 | 47.67% | $20,097 | 67,500 | 2029 |
| 6 | $23,992 | 43.09% | $18,166 | 81,000 | 2030 |
| 7 | $26,302 | 37.61% | $15,856 | 94,500 | 2031 |
| 8 | $28,014 | 33.55% | $14,144 | 108,000 | 2032 |
| 9 | $28,613 | 32.13% | $13,545 | 121,500 | 2033 |
| 10 | $29,629 | 29.72% | $12,529 | 135,000 | 2034 |
Chevrolet Equinox EV Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $11,758 | 72.11% | $30,400 |
| 2 | $14,532 | 65.53% | $27,626 |
| 3 | $14,831 | 64.82% | $27,327 |
| 4 | $16,749 | 60.27% | $25,409 |
| 5 | $22,061 | 47.67% | $20,097 |
| 6 | $23,992 | 43.09% | $18,166 |
| 7 | $26,302 | 37.61% | $15,856 |
| 8 | $28,014 | 33.55% | $14,144 |
| 9 | $28,613 | 32.13% | $13,545 |
| 10 | $29,629 | 29.72% | $12,529 |
Buying a Chevrolet Equinox EV New vs Used
If you purchase a used Chevrolet Equinox EV that is 2 years old, then you could save $14,532 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 $7,529. 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 Equinox EV models become available.
What About Chevrolet Equinox EV Insurance Costs?
The average cost to insure a Chevrolet Equinox EV is about $2,363 per year. This adds up to around $11,815 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 Equinox EV. 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
Chevrolet Equinox EV Depreciation Rankings
We've ranked over 300 models from best to worst for Depreciation. See where the Chevrolet Equinox EV ranks for Depreciation compared to other vehicles. Also check out how the Equinox EV stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other Chevrolet Equinox EV 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 Equinox EV 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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