Chevrolet Silverado 3500HD Depreciation

A Chevrolet Silverado 3500HD will depreciate 27% after 5 years and have a 5 year resale value of $56,348.

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 $76,884 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 Silverado 3500HD.

Chevrolet Silverado 3500HD Depreciation Calculator

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Chevrolet Silverado 3500HD Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $515 99.33% $76,369 12,000 2022
2 $2,860 96.28% $74,024 24,000 2023
3 $7,127 90.73% $69,757 36,000 2024
4 $16,607 78.40% $60,277 48,000 2025
5 $20,536 73.29% $56,348 60,000 2026
6 $24,142 68.60% $52,742 72,000 2027
7 $28,470 62.97% $48,414 84,000 2028
8 $33,967 55.82% $42,917 96,000 2029
9 $37,081 51.77% $39,803 108,000 2030
10 $37,673 51.00% $39,211 120,000 2031

Chevrolet Silverado 3500HD Depreciation

Years Old Depreciation Residual Value Resale Value
1 $515 99.33% $76,369
2 $2,860 96.28% $74,024
3 $7,127 90.73% $69,757
4 $16,607 78.40% $60,277
5 $20,536 73.29% $56,348
6 $24,142 68.60% $52,742
7 $28,470 62.97% $48,414
8 $33,967 55.82% $42,917
9 $37,081 51.77% $39,803
10 $37,673 51.00% $39,211

Buying a Chevrolet Silverado 3500HD New vs Used

If you purchase a used Chevrolet Silverado 3500HD that is 2 years old, then you could save $2,860 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 $17,676. 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 Silverado 3500HD models become available.

What About Chevrolet Silverado 3500HD Insurance Costs?

The average cost to insure a Chevrolet Silverado 3500HD is about $1,878 per year. This adds up to around $9,390 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 Silverado 3500HD. 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 Silverado 3500HD

The 2021 Chevrolet Silverado 3500HD is our top pick for the best model year value for the Silverado 3500HD. With the 2021, you would only pay, on average, 99% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2020 model years are also attractive years for the Silverado 3500HD, and provide a relatively good value. Our rankings consider multiple factors, including the Silverado 3500HD'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 Silverado 3500HD models.

Chevrolet Silverado 3500HD Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $76,884 $76,884 $531 $0 0% 100%
2021 $75,339 $75,449 $615 $1,435 1.87% 99.33% Best
2020 $70,712 $68,834 $749 $6,615 8.77% 96.28% Better
2019 $70,216 $64,670 $964 $4,164 6.05% 90.73% Good
2018 $70,651 $56,533 $1,142 $8,137 12.58% 78.4% Better
2017 $70,058 $52,768 $1,423 $3,765 6.66% 73.29% Good
2016 $68,739 $49,145 $1,992 $3,623 6.87% 68.6%
2015 $66,643 $44,181 $2,219 $4,964 10.1% 62.97%
2014 $60,666 $36,295 $2,429 $7,886 17.85% 55.82%
2013 $59,724 $33,659 $2,742 $2,636 7.26% 51.77%
2012 $54,448 $27,768 $2,782 $5,891 17.5% 51%
2011 $52,553 $26,794 $3,117 $974 3.51% 45.05%
2010 $51,923 $20,995 $3,602 $5,799 21.64% 33.5%
Year Price % Paid Value Rank
2022 $76,884 100%
2021 $75,449 99.33% Best
2020 $68,834 96.28% Better
2019 $64,670 90.73% Good
2018 $56,533 78.4% Better
2017 $52,768 73.29% Good
2016 $49,145 68.6%
2015 $44,181 62.97%
2014 $36,295 55.82%
2013 $33,659 51.77%
2012 $27,768 51%
2011 $26,794 45.05%
2010 $20,995 33.5%

Chevrolet Silverado 3500HD Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Chevrolet Silverado 3500HD ranks for Depreciation compared to other vehicles. Also check out how the Silverado 3500HD stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Chevrolet Silverado 3500HD 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 Silverado 3500HD 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: