Chevrolet Equinox Depreciation

A Chevrolet Equinox will depreciate 31% after 5 years and have a 5 year resale value of $21,606.

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 $31,528 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.

Chevrolet Equinox Depreciation Calculator

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Chevrolet Equinox Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $2,100 93.34% $29,428 12,000 2022
2 $4,884 84.51% $26,644 24,000 2023
3 $5,826 81.52% $25,702 36,000 2024
4 $7,409 76.50% $24,119 48,000 2025
5 $9,922 68.53% $21,606 60,000 2026
6 $12,132 61.52% $19,396 72,000 2027
7 $14,787 53.10% $16,741 84,000 2028
8 $17,072 45.85% $14,456 96,000 2029
9 $19,276 38.86% $12,252 108,000 2030
10 $20,600 34.66% $10,928 120,000 2031

Chevrolet Equinox Depreciation

Years Old Depreciation Residual Value Resale Value
1 $2,100 93.34% $29,428
2 $4,884 84.51% $26,644
3 $5,826 81.52% $25,702
4 $7,409 76.50% $24,119
5 $9,922 68.53% $21,606
6 $12,132 61.52% $19,396
7 $14,787 53.10% $16,741
8 $17,072 45.85% $14,456
9 $19,276 38.86% $12,252
10 $20,600 34.66% $10,928

Buying a Chevrolet Equinox New vs Used

If you purchase a used Chevrolet Equinox that is 2 years old, then you could save $4,884 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 $5,038. 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 models become available.

What About Chevrolet Equinox Insurance Costs?

The average cost to insure a Chevrolet Equinox is about $1,561 per year. This adds up to around $7,805 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. 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 Equinox

The 2020 Chevrolet Equinox is our top pick for the best model year value for the Equinox. With the 2020, you would only pay, on average, 85% of the price as new, with 83% of the vehicle's useful life remaining. The 2021 and 2019 model years are also attractive years for the Equinox, and provide a relatively good value. Our rankings consider multiple factors, including the Equinox'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 Equinox models.

Chevrolet Equinox Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $31,528 $31,528 $290 $0 0% 100%
2021 $31,484 $29,727 $340 $1,801 5.71% 93.34% Better
2020 $31,638 $27,158 $421 $2,569 8.64% 84.51% Best
2019 $30,725 $25,596 $550 $1,562 5.75% 81.52% Better
2018 $29,945 $23,565 $657 $2,031 7.93% 76.5% Good
2017 $27,019 $19,342 $826 $4,223 17.92% 68.53% Good
2016 $26,721 $17,606 $1,168 $1,736 8.98% 61.52%
2015 $27,447 $15,878 $1,304 $1,728 9.81% 53.1%
2014 $28,197 $14,360 $1,431 $1,518 9.56% 45.85%
2013 $27,768 $12,410 $1,619 $1,950 13.58% 38.86%
2012 $26,569 $10,851 $1,643 $1,559 12.56% 34.66%
2011 $25,992 $9,675 $1,844 $1,176 10.84% 30.13%
2010 $25,636 $8,570 $2,136 $1,105 11.42% 25.1%
Year Price % Paid Value Rank
2022 $31,528 100%
2021 $29,727 93.34% Better
2020 $27,158 84.51% Best
2019 $25,596 81.52% Better
2018 $23,565 76.5% Good
2017 $19,342 68.53% Good
2016 $17,606 61.52%
2015 $15,878 53.1%
2014 $14,360 45.85%
2013 $12,410 38.86%
2012 $10,851 34.66%
2011 $9,675 30.13%
2010 $8,570 25.1%

Chevrolet Equinox Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Chevrolet Equinox ranks for Depreciation compared to other vehicles. Also check out how the Equinox stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Chevrolet Equinox 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 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: