Chevrolet Tahoe Depreciation

A Chevrolet Tahoe will depreciate 39% after 5 years and have a 5 year resale value of $40,508.

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 $66,363 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 Tahoe.

Chevrolet Tahoe Depreciation Calculator

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Chevrolet Tahoe Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $15,655 76.41% $50,708 12,000 2022
2 $20,002 69.86% $46,361 24,000 2023
3 $20,719 68.78% $45,644 36,000 2024
4 $22,424 66.21% $43,939 48,000 2025
5 $25,855 61.04% $40,508 60,000 2026
6 $30,308 54.33% $36,055 72,000 2027
7 $40,063 39.63% $26,300 84,000 2028
8 $41,955 36.78% $24,408 96,000 2029
9 $44,722 32.61% $21,641 108,000 2030
10 $45,724 31.10% $20,639 120,000 2031

Chevrolet Tahoe Depreciation

Years Old Depreciation Residual Value Resale Value
1 $15,655 76.41% $50,708
2 $20,002 69.86% $46,361
3 $20,719 68.78% $45,644
4 $22,424 66.21% $43,939
5 $25,855 61.04% $40,508
6 $30,308 54.33% $36,055
7 $40,063 39.63% $26,300
8 $41,955 36.78% $24,408
9 $44,722 32.61% $21,641
10 $45,724 31.10% $20,639

Buying a Chevrolet Tahoe New vs Used

If you purchase a used Chevrolet Tahoe that is 2 years old, then you could save $20,002 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 $5,853. 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 Tahoe models become available.

What About Chevrolet Tahoe Insurance Costs?

The average cost to insure a Chevrolet Tahoe is about $1,608 per year. This adds up to around $8,040 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 Tahoe. 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 Tahoe

The 2020 Chevrolet Tahoe is our top pick for the best model year value for the Tahoe. With the 2020, you would only pay, on average, 76% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 model years are also attractive years for the Tahoe, and provide a relatively good value. Our rankings consider multiple factors, including the Tahoe'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 Tahoe models.

Chevrolet Tahoe Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $66,363 $66,363 $368 $0 0% 100%
2020 $65,171 $50,216 $416 $16,147 24.33% 76.41% Best
2019 $62,788 $44,370 $505 $5,846 11.64% 69.86% Better
2018 $60,660 $42,362 $639 $2,008 4.53% 68.78% Better
2017 $58,439 $39,423 $728 $2,939 6.94% 66.21% Good
2016 $55,915 $35,039 $908 $4,384 11.12% 61.04%
2015 $54,261 $30,718 $1,236 $4,321 12.33% 54.33%
2014 $49,679 $21,080 $1,392 $9,638 31.38% 39.63% Good
2013 $48,348 $19,279 $1,495 $1,801 8.54% 36.78%
2012 $45,756 $16,619 $1,700 $2,660 13.8% 32.61%
2011 $44,656 $15,634 $1,745 $985 5.93% 31.1%
2010 $43,857 $14,223 $1,992 $1,411 9.03% 27.89%
2009 $42,637 $12,775 $2,342 $1,448 10.18% 24.47%
Year Price % Paid Value Rank
2021 $66,363 100%
2020 $50,216 76.41% Best
2019 $44,370 69.86% Better
2018 $42,362 68.78% Better
2017 $39,423 66.21% Good
2016 $35,039 61.04%
2015 $30,718 54.33%
2014 $21,080 39.63% Good
2013 $19,279 36.78%
2012 $16,619 32.61%
2011 $15,634 31.1%
2010 $14,223 27.89%
2009 $12,775 24.47%

Chevrolet Tahoe Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Chevrolet Tahoe 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 Tahoe 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: