Chevrolet Tahoe Depreciation

A Chevrolet Tahoe will depreciate 41% after 5 years and have a 5 year resale value of $39,141.

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 $16,398 75.29% $49,965 12,000 2022
2 $20,679 68.84% $45,684 24,000 2023
3 $20,891 68.52% $45,472 36,000 2024
4 $22,683 65.82% $43,680 48,000 2025
5 $27,222 58.98% $39,141 60,000 2026
6 $30,819 53.56% $35,544 72,000 2027
7 $41,430 37.57% $24,933 84,000 2028
8 $42,532 35.91% $23,831 96,000 2029
9 $46,554 29.85% $19,809 108,000 2030
10 $47,071 29.07% $19,292 120,000 2031

Chevrolet Tahoe Depreciation

Years Old Depreciation Residual Value Resale Value
1 $16,398 75.29% $49,965
2 $20,679 68.84% $45,684
3 $20,891 68.52% $45,472
4 $22,683 65.82% $43,680
5 $27,222 58.98% $39,141
6 $30,819 53.56% $35,544
7 $41,430 37.57% $24,933
8 $42,532 35.91% $23,831
9 $46,554 29.85% $19,809
10 $47,071 29.07% $19,292

Buying a Chevrolet Tahoe New vs Used

If you purchase a used Chevrolet Tahoe that is 2 years old, then you could save $20,679 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 $6,543. 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 $1,681 per year. This adds up to around $8,405 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, 75% 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 $359 $0 0% 100%
2020 $65,171 $49,478 $410 $16,885 25.44% 75.29% Best
2019 $62,788 $43,712 $491 $5,766 11.65% 68.84% Better
2018 $60,660 $42,184 $620 $1,528 3.5% 68.52% Better
2017 $58,439 $39,192 $727 $2,992 7.09% 65.82% Good
2016 $55,915 $33,873 $895 $5,319 13.57% 58.98%
2015 $54,261 $30,299 $1,238 $3,574 10.55% 53.56%
2014 $49,679 $20,040 $1,374 $10,259 33.86% 37.57% Good
2013 $48,348 $18,860 $1,500 $1,180 5.89% 35.91%
2012 $45,756 $15,345 $1,688 $3,515 18.64% 29.85%
2011 $44,656 $14,692 $1,712 $653 4.26% 29.07%
2010 $43,857 $14,169 $1,914 $523 3.56% 27.94%
2009 $42,637 $11,945 $2,205 $2,224 15.7% 22.84%
Year Price % Paid Value Rank
2021 $66,363 100%
2020 $49,478 75.29% Best
2019 $43,712 68.84% Better
2018 $42,184 68.52% Better
2017 $39,192 65.82% Good
2016 $33,873 58.98%
2015 $30,299 53.56%
2014 $20,040 37.57% Good
2013 $18,860 35.91%
2012 $15,345 29.85%
2011 $14,692 29.07%
2010 $14,169 27.94%
2009 $11,945 22.84%

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: