Chevrolet Suburban Depreciation

A Chevrolet Suburban will depreciate 51% after 5 years and have a 5 year resale value of $31,866.

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, and assumes a purchase price of $65,220 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Chevrolet Suburban Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $16,240 75.10% $48,980 13,500 2021
2 $22,442 65.59% $42,778 27,000 2022
3 $22,651 65.27% $42,569 40,500 2023
4 $27,608 57.67% $37,612 54,000 2024
5 $33,354 48.86% $31,866 67,500 2025
6 $42,536 34.78% $22,684 81,000 2026
7 $43,704 32.99% $21,516 94,500 2027
8 $45,354 30.46% $19,866 108,000 2028
9 $46,508 28.69% $18,712 121,500 2029
10 $48,524 25.60% $16,696 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $16,240 75.10% $48,980
2 $22,442 65.59% $42,778
3 $22,651 65.27% $42,569
4 $27,608 57.67% $37,612
5 $33,354 48.86% $31,866
6 $42,536 34.78% $22,684
7 $43,704 32.99% $21,516
8 $45,354 30.46% $19,866
9 $46,508 28.69% $18,712
10 $48,524 25.60% $16,696

Chevrolet Suburban Depreciation Calculator

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If you purchase a used Chevrolet Suburban that is 2 years old, then you could save $22,442 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 $10,912. 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 Suburban models become available.

The Best Model Years to Buy a Chevrolet Suburban

The 2018 Chevrolet Suburban is our top pick for the best model year value for the Suburban. With the 2018, you would only pay, on average, 66% of the price as new, with 83% of the vehicle's useful life remaining. The 2019 and 2014 model years are also attractive years for the Suburban, and provide a relatively good value. Our rankings consider multiple factors, including the Suburban'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 Suburban models.

Chevrolet Suburban Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $65,220 $65,220 $236 $0 0% 100%
2019 $62,588 $47,286 $283 $17,934 27.5% 75.1% Better
2018 $60,279 $39,906 $372 $7,380 15.61% 65.59% Best
2017 $60,058 $39,705 $507 $201 0.5% 65.27% Good
2016 $59,520 $34,923 $595 $4,782 12.04% 57.67%
2015 $57,867 $29,048 $775 $5,875 16.82% 48.86% Good
2014 $52,966 $19,523 $1,103 $9,525 32.79% 34.78% Better
2013 $50,004 $17,757 $1,259 $1,766 9.05% 32.99%
2012 $48,412 $16,106 $1,362 $1,651 9.3% 30.46%
2011 $47,245 $15,120 $1,567 $986 6.12% 28.69%
2010 $46,446 $13,504 $1,612 $1,616 10.69% 25.6%
2009 $45,273 $12,091 $1,859 $1,413 10.46% 22.6%
2008 $38,945 $11,028 $2,209 $1,063 8.79% 22.64%
Year Price % Paid Value Rank
2020 $65,220 100%
2019 $47,286 75.1% Better
2018 $39,906 65.59% Best
2017 $39,705 65.27% Good
2016 $34,923 57.67%
2015 $29,048 48.86% Good
2014 $19,523 34.78% Better
2013 $17,757 32.99%
2012 $16,106 30.46%
2011 $15,120 28.69%
2010 $13,504 25.6%
2009 $12,091 22.6%
2008 $11,028 22.64%
Our Favorite Chevrolet Suburban Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.