Chevrolet Impala Depreciation

A Chevrolet Impala will depreciate 54% after 5 years and have a 5 year resale value of $14,540.

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, and assumes a purchase price of $31,323 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Chevrolet Impala Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $9,795 68.73% $21,528 13,500 2021
2 $10,164 67.55% $21,159 27,000 2022
3 $10,640 66.03% $20,683 40,500 2023
4 $13,685 56.31% $17,638 54,000 2024
5 $16,783 46.42% $14,540 67,500 2025
6 $18,393 41.28% $12,930 81,000 2026
7 $21,541 31.23% $9,782 94,500 2027
8 $22,230 29.03% $9,093 108,000 2028
9 $22,750 27.37% $8,573 121,500 2029
10 $24,385 22.15% $6,938 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $9,795 68.73% $21,528
2 $10,164 67.55% $21,159
3 $10,640 66.03% $20,683
4 $13,685 56.31% $17,638
5 $16,783 46.42% $14,540
6 $18,393 41.28% $12,930
7 $21,541 31.23% $9,782
8 $22,230 29.03% $9,093
9 $22,750 27.37% $8,573
10 $24,385 22.15% $6,938

Chevrolet Impala Depreciation Calculator

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If you purchase a used Chevrolet Impala that is 2 years old, then you could save $10,164 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 $6,619. 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 Impala models become available.

The Best Model Years to Buy a Chevrolet Impala

The 2019 Chevrolet Impala is our top pick for the best model year value for the Impala. With the 2019, you would only pay, on average, 69% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2015 model years are also attractive years for the Impala, and provide a relatively good value. Our rankings consider multiple factors, including the Impala'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 Impala models.

Chevrolet Impala Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $31,323 $31,323 $173 $0 0% 100%
2019 $28,814 $20,013 $208 $11,310 36.11% 68.73% Best
2018 $26,613 $18,251 $273 $1,762 8.8% 67.55% Better
2017 $26,926 $18,152 $372 $99 0.54% 66.03%
2016 $26,883 $15,576 $437 $2,576 14.19% 56.31% Good
2015 $29,166 $14,106 $568 $1,470 9.44% 46.42% Better
2014 $28,654 $12,638 $809 $1,468 10.41% 41.28%
2013 $22,568 $7,971 $923 $4,667 36.93% 31.23% Good
2012 $22,470 $7,523 $999 $448 5.62% 29.03%
2011 $20,720 $6,821 $1,149 $702 9.33% 27.37%
2010 $20,568 $5,737 $1,182 $1,084 15.89% 22.15%
2009 $20,845 $5,575 $1,363 $162 2.82% 20.21%
2008 $19,959 $5,234 $1,620 $341 6.12% 18.11%
Year Price % Paid Value Rank
2020 $31,323 100%
2019 $20,013 68.73% Best
2018 $18,251 67.55% Better
2017 $18,152 66.03%
2016 $15,576 56.31% Good
2015 $14,106 46.42% Better
2014 $12,638 41.28%
2013 $7,971 31.23% Good
2012 $7,523 29.03%
2011 $6,821 27.37%
2010 $5,737 22.15%
2009 $5,575 20.21%
2008 $5,234 18.11%
Our Favorite Chevrolet Impala Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.