Chevrolet Equinox Depreciation

A Chevrolet Equinox will depreciate 50% after 5 years and have a 5 year resale value of $16,118.

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 $32,095 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 $10,081 68.59% $22,014 12,000 2022
2 $12,572 60.83% $19,523 24,000 2023
3 $13,923 56.62% $18,172 36,000 2024
4 $14,770 53.98% $17,325 48,000 2025
5 $15,977 50.22% $16,118 60,000 2026
6 $19,700 38.62% $12,395 72,000 2027
7 $20,467 36.23% $11,628 84,000 2028
8 $22,531 29.80% $9,564 96,000 2029
9 $24,492 23.69% $7,603 108,000 2030
10 $25,008 22.08% $7,087 120,000 2031

Chevrolet Equinox Depreciation

Years Old Depreciation Residual Value Resale Value
1 $10,081 68.59% $22,014
2 $12,572 60.83% $19,523
3 $13,923 56.62% $18,172
4 $14,770 53.98% $17,325
5 $15,977 50.22% $16,118
6 $19,700 38.62% $12,395
7 $20,467 36.23% $11,628
8 $22,531 29.80% $9,564
9 $24,492 23.69% $7,603
10 $25,008 22.08% $7,087

Buying a Chevrolet Equinox New vs Used

If you purchase a used Chevrolet Equinox that is 2 years old, then you could save $12,572 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 $3,405. 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 $1,464 per year. This adds up to around $7,320 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 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, 69% 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 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
2021 $32,095 $32,095 $291 $0 0% 100%
2020 $31,638 $22,041 $341 $10,054 31.33% 68.59% Best
2019 $30,725 $19,111 $422 $2,930 13.29% 60.83% Better
2018 $29,945 $17,507 $551 $1,604 8.39% 56.62% Better
2017 $27,019 $15,242 $658 $2,265 12.94% 53.98% Good
2016 $26,721 $14,245 $827 $997 6.54% 50.22%
2015 $27,447 $11,768 $1,169 $2,477 17.39% 38.62% Good
2014 $28,197 $11,520 $1,305 $248 2.11% 36.23%
2013 $27,768 $9,706 $1,432 $1,814 15.75% 29.8%
2012 $26,569 $7,915 $1,620 $1,791 18.45% 23.69%
2011 $25,992 $7,384 $1,644 $531 6.71% 22.08%
2010 $25,636 $6,464 $1,845 $920 12.46% 18.02%
2009 $27,112 $5,287 $2,137 $1,177 18.21% 11.62%
Year Price % Paid Value Rank
2021 $32,095 100%
2020 $22,041 68.59% Best
2019 $19,111 60.83% Better
2018 $17,507 56.62% Better
2017 $15,242 53.98% Good
2016 $14,245 50.22%
2015 $11,768 38.62% Good
2014 $11,520 36.23%
2013 $9,706 29.8%
2012 $7,915 23.69%
2011 $7,384 22.08%
2010 $6,464 18.02%
2009 $5,287 11.62%

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: