Chevrolet Silverado 3500HD Depreciation

A Chevrolet Silverado 3500HD will depreciate 44% after 5 years and have a 5 year resale value of $39,705.

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. It also assumes a selling price of $70,712 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

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $14,694 79.22% $56,018 13,500 2021
2 $22,925 67.58% $47,787 27,000 2022
3 $24,749 65.00% $45,963 40,500 2023
4 $28,080 60.29% $42,632 54,000 2024
5 $31,007 56.15% $39,705 67,500 2025
6 $38,672 45.31% $32,040 81,000 2026
7 $40,023 43.40% $30,689 94,500 2027
8 $41,013 42.00% $29,699 108,000 2028
9 $41,720 41.00% $28,992 121,500 2029
10 $43,530 38.44% $27,182 135,000 2030

Chevrolet Silverado 3500HD Depreciation

Years Old Depreciation Residual Value Resale Value
1 $14,694 79.22% $56,018
2 $22,925 67.58% $47,787
3 $24,749 65.00% $45,963
4 $28,080 60.29% $42,632
5 $31,007 56.15% $39,705
6 $38,672 45.31% $32,040
7 $40,023 43.40% $30,689
8 $41,013 42.00% $29,699
9 $41,720 41.00% $28,992
10 $43,530 38.44% $27,182

Chevrolet Silverado 3500HD Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Chevrolet Silverado 3500HD that is 2 years old, then you could save $22,925 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 $8,082. 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.

The Best Model Years to Buy a Chevrolet Silverado 3500HD

The 2018 Chevrolet Silverado 3500HD is our top pick for the best model year value for the Silverado 3500HD. With the 2018, you would only pay, on average, 68% of the price as new, with 83% of the vehicle's useful life remaining. The 2019 and 2017 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
2020 $70,712 $70,712 $554 $0 0% 100%
2019 $70,216 $56,265 $637 $14,447 20.43% 79.22% Better
2018 $70,651 $48,535 $792 $7,730 13.74% 67.58% Best
2017 $70,058 $46,565 $1,028 $1,970 4.06% 65% Better
2016 $68,739 $42,623 $1,183 $3,942 8.47% 60.29% Good
2015 $66,643 $38,918 $1,498 $3,705 8.69% 56.15%
2014 $60,666 $29,561 $2,072 $9,357 24.04% 45.31% Good
2013 $59,724 $28,262 $2,344 $1,299 4.39% 43.4%
2012 $54,448 $22,868 $2,525 $5,394 19.09% 42%
2011 $52,553 $21,547 $2,884 $1,321 5.78% 41%
2010 $51,923 $22,920 $2,963 +$1,373 -6.37% 38.44%
2009 $50,873 $18,845 $3,395 $4,075 17.78% 30.37%
2008 $50,803 $15,259 $4,007 $3,586 19.03% 22.15%
Year Price % Paid Value Rank
2020 $70,712 100%
2019 $56,265 79.22% Better
2018 $48,535 67.58% Best
2017 $46,565 65% Better
2016 $42,623 60.29% Good
2015 $38,918 56.15%
2014 $29,561 45.31% Good
2013 $28,262 43.4%
2012 $22,868 42%
2011 $21,547 41%
2010 $22,920 38.44%
2009 $18,845 30.37%
2008 $15,259 22.15%

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: