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Chevrolet Spark Depreciation

A Chevrolet Spark will depreciate 31% after 5 years and have a 5 year resale value of $13,570.

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 $19,660 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 $969 95.07% $18,691 12,000 2022
2 $1,376 93.00% $18,284 24,000 2023
3 $2,477 87.40% $17,183 36,000 2024
4 $4,990 74.62% $14,670 48,000 2025
5 $6,090 69.02% $13,570 60,000 2026
6 $7,108 63.85% $12,552 72,000 2027
7 $8,049 59.06% $11,611 84,000 2028
8 $8,920 54.63% $10,740 96,000 2029
9 $9,301 52.69% $10,359 108,000 2030
10 $11,293 42.56% $8,367 120,000 2031

Chevrolet Spark Depreciation

Years Old Depreciation Residual Value Resale Value
1 $969 95.07% $18,691
2 $1,376 93.00% $18,284
3 $2,477 87.40% $17,183
4 $4,990 74.62% $14,670
5 $6,090 69.02% $13,570
6 $7,108 63.85% $12,552
7 $8,049 59.06% $11,611
8 $8,920 54.63% $10,740
9 $9,301 52.69% $10,359
10 $11,293 42.56% $8,367

Buying a Chevrolet Spark New vs Used

If you purchase a used Chevrolet Spark that is 2 years old, then you could save $1,376 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 $4,714. 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 $1,408 per year. This adds up to around $7,040 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 2021 Chevrolet Spark is our top pick for the best model year value for the Spark. With the 2021, you would only pay, on average, 95% 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 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
2022 $19,660 $19,660 $197 $0 0% 100%
2021 $19,155 $18,443 $233 $1,217 6.19% 95.07% Best
2020 $16,426 $15,276 $289 $3,167 17.17% 93% Good
2019 $16,217 $14,552 $379 $724 4.74% 87.4% Better
2018 $16,396 $12,688 $454 $1,864 12.81% 74.62% Better
2017 $15,947 $12,480 $571 $208 1.64% 74.68% Good
2016 $15,740 $11,490 $810 $990 7.93% 73%
2015 $15,110 $11,915 $905 +$425 -3.7% 72.87%
2014 $14,977 $10,071 $993 $1,844 15.48% 60.61%
2013 $14,732 $8,886 $1,124 $1,185 11.77% 52.69%
Year Price % Paid Value Rank
2022 $19,660 100%
2021 $18,443 95.07% Best
2020 $15,276 93% Good
2019 $14,552 87.4% Better
2018 $12,688 74.62% Better
2017 $12,480 74.68% Good
2016 $11,490 73%
2015 $11,915 72.87%
2014 $10,071 60.61%
2013 $8,886 52.69%

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: