Chevrolet Silverado 3500HD Depreciation

A Chevrolet Silverado 3500HD will depreciate 44% after 5 years and have a 5 year resale value of $39,766.

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 $70,960 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 $15,235 78.53% $55,725 12,000 2022
2 $20,337 71.34% $50,623 24,000 2023
3 $26,759 62.29% $44,201 36,000 2024
4 $29,051 59.06% $41,909 48,000 2025
5 $31,194 56.04% $39,766 60,000 2026
6 $35,594 49.84% $35,366 72,000 2027
7 $40,312 43.19% $30,648 84,000 2028
8 $42,902 39.54% $28,058 96,000 2029
9 $43,286 39.00% $27,674 108,000 2030
10 $43,995 38.00% $26,965 120,000 2031

Chevrolet Silverado 3500HD Depreciation

Years Old Depreciation Residual Value Resale Value
1 $15,235 78.53% $55,725
2 $20,337 71.34% $50,623
3 $26,759 62.29% $44,201
4 $29,051 59.06% $41,909
5 $31,194 56.04% $39,766
6 $35,594 49.84% $35,366
7 $40,312 43.19% $30,648
8 $42,902 39.54% $28,058
9 $43,286 39.00% $27,674
10 $43,995 38.00% $26,965

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 $20,337 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 $10,857. 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 $1,720 per year. This adds up to around $8,600 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 2020 Chevrolet Silverado 3500HD is our top pick for the best model year value for the Silverado 3500HD. With the 2020, you would only pay, on average, 79% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2019 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
2021 $70,960 $70,960 $519 $0 0% 100%
2020 $70,712 $56,134 $603 $14,826 20.89% 78.53% Best
2019 $70,216 $50,828 $737 $5,306 9.45% 71.34% Better
2018 $70,651 $44,959 $952 $5,869 11.55% 62.29% Better
2017 $70,058 $42,508 $1,130 $2,451 5.45% 59.06% Good
2016 $68,739 $39,929 $1,411 $2,579 6.07% 56.04% Good
2015 $66,643 $35,197 $1,980 $4,732 11.85% 49.84%
2014 $60,666 $28,407 $2,207 $6,790 19.29% 43.19%
2013 $59,724 $26,030 $2,417 $2,377 8.37% 39.54%
2012 $54,448 $21,235 $2,730 $4,795 18.42% 39%
2011 $52,553 $19,970 $2,770 $1,265 5.96% 38%
2010 $51,923 $16,113 $3,105 $3,857 19.31% 25.05%
2009 $50,873 $12,210 $3,590 $3,903 24.22% 24%
Year Price % Paid Value Rank
2021 $70,960 100%
2020 $56,134 78.53% Best
2019 $50,828 71.34% Better
2018 $44,959 62.29% Better
2017 $42,508 59.06% Good
2016 $39,929 56.04% Good
2015 $35,197 49.84%
2014 $28,407 43.19%
2013 $26,030 39.54%
2012 $21,235 39%
2011 $19,970 38%
2010 $16,113 25.05%
2009 $12,210 24%

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: