Chevrolet Spark Depreciation

A Chevrolet Spark will depreciate 55% after 5 years and have a 5 year resale value of $7,498.

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 $16,531 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 Spark.

Chevrolet Spark Depreciation Calculator

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Chevrolet Spark Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,976 69.90% $11,555 12,000 2022
2 $6,396 61.31% $10,135 24,000 2023
3 $6,778 59.00% $9,753 36,000 2024
4 $7,637 53.80% $8,894 48,000 2025
5 $9,033 45.36% $7,498 60,000 2026
6 $9,104 44.93% $7,427 72,000 2027
7 $11,395 31.07% $5,136 84,000 2028
8 $11,481 30.55% $5,050 96,000 2029
9 $12,025 27.26% $4,506 108,000 2030
10 $12,732 22.98% $3,799 120,000 2031

Chevrolet Spark Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,976 69.90% $11,555
2 $6,396 61.31% $10,135
3 $6,778 59.00% $9,753
4 $7,637 53.80% $8,894
5 $9,033 45.36% $7,498
6 $9,104 44.93% $7,427
7 $11,395 31.07% $5,136
8 $11,481 30.55% $5,050
9 $12,025 27.26% $4,506
10 $12,732 22.98% $3,799

Buying a Chevrolet Spark New vs Used

If you purchase a used Chevrolet Spark that is 2 years old, then you could save $6,396 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 $2,637. 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 Spark models become available.

What About Chevrolet Spark Insurance Costs?

The average cost to insure a Chevrolet Spark is about $1,380 per year. This adds up to around $6,900 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 Spark. 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 Spark

The 2019 Chevrolet Spark is our top pick for the best model year value for the Spark. With the 2019, you would only pay, on average, 61% of the price as new, with 83% of the vehicle's useful life remaining. The 2020 and 2016 model years are also attractive years for the Spark, and provide a relatively good value. Our rankings consider multiple factors, including the Spark'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 Spark models.

Chevrolet Spark Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $16,531 $16,531 $191 $0 0% 100%
2020 $16,426 $11,708 $226 $4,823 29.18% 69.9% Better
2019 $16,217 $10,225 $283 $1,483 12.67% 61.31% Best
2018 $16,396 $9,674 $373 $551 5.39% 59% Good
2017 $15,947 $9,026 $447 $648 6.7% 53.8% Good
2016 $15,740 $7,705 $565 $1,321 14.64% 45.36% Better
2015 $15,110 $7,593 $804 $112 1.45% 44.93%
2014 $14,977 $5,553 $899 $2,040 26.87% 31.07%
2013 $14,732 $5,487 $987 $66 1.19% 30.55%
Year Price % Paid Value Rank
2021 $16,531 100%
2020 $11,708 69.9% Better
2019 $10,225 61.31% Best
2018 $9,674 59% Good
2017 $9,026 53.8% Good
2016 $7,705 45.36% Better
2015 $7,593 44.93%
2014 $5,553 31.07%
2013 $5,487 30.55%

Chevrolet Spark Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Chevrolet Spark 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 Spark 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: