Chevrolet Suburban Depreciation

A Chevrolet Suburban will depreciate 35% after 5 years and have a 5 year resale value of $45,848.

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 $70,829 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 Suburban.

Chevrolet Suburban Depreciation Calculator

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Chevrolet Suburban Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,979 92.97% $65,850 12,000 2022
2 $15,143 78.62% $55,686 24,000 2023
3 $16,291 77.00% $54,538 36,000 2024
4 $19,931 71.86% $50,898 48,000 2025
5 $24,981 64.73% $45,848 60,000 2026
6 $29,578 58.24% $41,251 72,000 2027
7 $34,713 50.99% $36,116 84,000 2028
8 $44,587 37.05% $26,242 96,000 2029
9 $44,870 36.65% $25,959 108,000 2030
10 $47,753 32.58% $23,076 120,000 2031

Chevrolet Suburban Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,979 92.97% $65,850
2 $15,143 78.62% $55,686
3 $16,291 77.00% $54,538
4 $19,931 71.86% $50,898
5 $24,981 64.73% $45,848
6 $29,578 58.24% $41,251
7 $34,713 50.99% $36,116
8 $44,587 37.05% $26,242
9 $44,870 36.65% $25,959
10 $47,753 32.58% $23,076

Buying a Chevrolet Suburban New vs Used

If you purchase a used Chevrolet Suburban that is 2 years old, then you could save $15,143 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 $9,838. 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.

What About Chevrolet Suburban Insurance Costs?

The average cost to insure a Chevrolet Suburban is about $1,855 per year. This adds up to around $9,275 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 Suburban. 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 Suburban

The 2020 Chevrolet Suburban is our top pick for the best model year value for the Suburban. With the 2020, you would only pay, on average, 79% of the price as new, with 83% of the vehicle's useful life remaining. The 2021 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
2022 $70,829 $70,829 $368 $0 0% 100%
2021 $70,673 $66,122 $419 $4,707 6.65% 92.97% Better
2020 $65,220 $51,775 $500 $14,347 21.7% 78.62% Best
2019 $62,588 $48,193 $628 $3,582 6.92% 77% Good
2018 $60,279 $44,050 $736 $4,143 8.6% 71.86% Good
2017 $60,058 $39,778 $904 $4,272 9.7% 64.73%
2016 $59,520 $35,912 $1,247 $3,866 9.72% 58.24%
2015 $57,867 $30,890 $1,383 $5,022 13.98% 50.99%
2014 $52,966 $21,133 $1,509 $9,757 31.59% 37.05% Better
2013 $50,004 $20,024 $1,697 $1,109 5.25% 36.65%
2012 $48,412 $17,494 $1,721 $2,530 12.63% 32.58%
2011 $47,245 $15,253 $1,923 $2,241 12.81% 28.21%
2010 $46,446 $13,877 $2,214 $1,376 9.02% 25.11%
Year Price % Paid Value Rank
2022 $70,829 100%
2021 $66,122 92.97% Better
2020 $51,775 78.62% Best
2019 $48,193 77% Good
2018 $44,050 71.86% Good
2017 $39,778 64.73%
2016 $35,912 58.24%
2015 $30,890 50.99%
2014 $21,133 37.05% Better
2013 $20,024 36.65%
2012 $17,494 32.58%
2011 $15,253 28.21%
2010 $13,877 25.11%

Chevrolet Suburban Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Chevrolet Suburban 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 Suburban 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: