Chevrolet Equinox Depreciation

A Chevrolet Equinox will depreciate 48% after 5 years and have a 5 year resale value of $16,689.

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 $9,619 70.03% $22,476 12,000 2022
2 $11,641 63.73% $20,454 24,000 2023
3 $12,446 61.22% $19,649 36,000 2024
4 $13,130 59.09% $18,965 48,000 2025
5 $15,406 52.00% $16,689 60,000 2026
6 $18,329 42.89% $13,766 72,000 2027
7 $20,599 35.82% $11,496 84,000 2028
8 $22,162 30.95% $9,933 96,000 2029
9 $23,031 28.24% $9,064 108,000 2030
10 $23,853 25.68% $8,242 120,000 2031

Chevrolet Equinox Depreciation

Years Old Depreciation Residual Value Resale Value
1 $9,619 70.03% $22,476
2 $11,641 63.73% $20,454
3 $12,446 61.22% $19,649
4 $13,130 59.09% $18,965
5 $15,406 52.00% $16,689
6 $18,329 42.89% $13,766
7 $20,599 35.82% $11,496
8 $22,162 30.95% $9,933
9 $23,031 28.24% $9,064
10 $23,853 25.68% $8,242

Buying a Chevrolet Equinox New vs Used

If you purchase a used Chevrolet Equinox that is 2 years old, then you could save $11,641 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 $3,765. 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 $1,449 per year. This adds up to around $7,245 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, 70% 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 $300 $0 0% 100%
2020 $31,638 $22,504 $347 $9,591 29.88% 70.03% Best
2019 $30,725 $20,018 $436 $2,486 11.05% 63.73% Better
2018 $29,945 $18,904 $571 $1,114 5.56% 61.22% Better
2017 $27,019 $16,625 $660 $2,279 12.06% 59.09% Good
2016 $26,721 $14,734 $839 $1,891 11.37% 52%
2015 $27,447 $12,939 $1,167 $1,795 12.18% 42.89% Good
2014 $28,197 $11,424 $1,323 $1,515 11.71% 35.82%
2013 $27,768 $10,020 $1,426 $1,404 12.29% 30.95%
2012 $26,569 $9,134 $1,632 $886 8.84% 28.24%
2011 $25,992 $8,353 $1,677 $781 8.55% 25.68%
2010 $25,636 $7,541 $1,923 $812 9.72% 21.91%
2009 $27,112 $5,955 $2,273 $1,586 21.03% 13.58%
Year Price % Paid Value Rank
2021 $32,095 100%
2020 $22,504 70.03% Best
2019 $20,018 63.73% Better
2018 $18,904 61.22% Better
2017 $16,625 59.09% Good
2016 $14,734 52%
2015 $12,939 42.89% Good
2014 $11,424 35.82%
2013 $10,020 30.95%
2012 $9,134 28.24%
2011 $8,353 25.68%
2010 $7,541 21.91%
2009 $5,955 13.58%

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: