Chevrolet Suburban Depreciation

A Chevrolet Suburban will depreciate 46% after 5 years and have a 5 year resale value of $35,943.

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 $66,536 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 $15,762 76.31% $50,774 12,000 2022
2 $21,638 67.48% $44,898 24,000 2023
3 $23,800 64.23% $42,736 36,000 2024
4 $24,292 63.49% $42,244 48,000 2025
5 $30,593 54.02% $35,943 60,000 2026
6 $35,211 47.08% $31,325 72,000 2027
7 $44,879 32.55% $21,657 84,000 2028
8 $45,165 32.12% $21,371 96,000 2029
9 $48,511 27.09% $18,025 108,000 2030
10 $49,662 25.36% $16,874 120,000 2031

Chevrolet Suburban Depreciation

Years Old Depreciation Residual Value Resale Value
1 $15,762 76.31% $50,774
2 $21,638 67.48% $44,898
3 $23,800 64.23% $42,736
4 $24,292 63.49% $42,244
5 $30,593 54.02% $35,943
6 $35,211 47.08% $31,325
7 $44,879 32.55% $21,657
8 $45,165 32.12% $21,371
9 $48,511 27.09% $18,025
10 $49,662 25.36% $16,874

Buying a Chevrolet Suburban New vs Used

If you purchase a used Chevrolet Suburban that is 2 years old, then you could save $21,638 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 $8,955. 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 $1,699 per year. This adds up to around $8,495 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 2019 Chevrolet Suburban is our top pick for the best model year value for the Suburban. With the 2019, you would only pay, on average, 67% of the price as new, with 83% of the vehicle's useful life remaining. The 2020 and 2018 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
2021 $66,536 $66,536 $360 $0 0% 100%
2020 $65,220 $50,178 $410 $16,358 24.59% 76.31% Better
2019 $62,588 $42,726 $491 $7,452 14.85% 67.48% Best
2018 $60,279 $39,336 $620 $3,390 7.93% 64.23% Better
2017 $60,058 $38,859 $727 $477 1.21% 63.49%
2016 $59,520 $33,046 $896 $5,813 14.96% 54.02% Good
2015 $57,867 $28,480 $1,238 $4,566 13.82% 47.08%
2014 $52,966 $18,612 $1,374 $9,868 34.65% 32.55% Good
2013 $50,004 $17,563 $1,501 $1,049 5.64% 32.12%
2012 $48,412 $14,803 $1,689 $2,760 15.71% 27.09%
2011 $47,245 $13,692 $1,713 $1,111 7.51% 25.36%
2010 $46,446 $12,778 $1,914 $914 6.68% 23.39%
2009 $45,273 $10,919 $2,206 $1,859 14.55% 19.25%
Year Price % Paid Value Rank
2021 $66,536 100%
2020 $50,178 76.31% Better
2019 $42,726 67.48% Best
2018 $39,336 64.23% Better
2017 $38,859 63.49%
2016 $33,046 54.02% Good
2015 $28,480 47.08%
2014 $18,612 32.55% Good
2013 $17,563 32.12%
2012 $14,803 27.09%
2011 $13,692 25.36%
2010 $12,778 23.39%
2009 $10,919 19.25%

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: