Chevrolet Traverse Depreciation

A Chevrolet Traverse will depreciate 57% after 5 years and have a 5 year resale value of $17,282.

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, and assumes a purchase price of $40,550 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 Traverse Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $8,807 78.28% $31,743 13,500 2021
2 $10,466 74.19% $30,084 27,000 2022
3 $15,790 61.06% $24,760 40,500 2023
4 $20,348 49.82% $20,202 54,000 2024
5 $23,268 42.62% $17,282 67,500 2025
6 $25,709 36.60% $14,841 81,000 2026
7 $28,211 30.43% $12,339 94,500 2027
8 $30,696 24.30% $9,854 108,000 2028
9 $31,998 21.09% $8,552 121,500 2029
10 $32,708 19.34% $7,842 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $8,807 78.28% $31,743
2 $10,466 74.19% $30,084
3 $15,790 61.06% $24,760
4 $20,348 49.82% $20,202
5 $23,268 42.62% $17,282
6 $25,709 36.60% $14,841
7 $28,211 30.43% $12,339
8 $30,696 24.30% $9,854
9 $31,998 21.09% $8,552
10 $32,708 19.34% $7,842

Chevrolet Traverse Depreciation Calculator

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If you purchase a used Chevrolet Traverse that is 2 years old, then you could save $10,466 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 $12,802. 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 Traverse models become available.

The Best Model Years to Buy a Chevrolet Traverse

The 2016 Chevrolet Traverse is our top pick for the best model year value for the Traverse. With the 2016, you would only pay, on average, 50% of the price as new, with 67% of the vehicle's useful life remaining. The 2015 and 2017 model years are also attractive years for the Traverse, and provide a relatively good value. Our rankings consider multiple factors, including the Traverse'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 Traverse models.

Chevrolet Traverse Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $40,550 $40,550 $236 $0 0% 100%
2019 $40,028 $31,616 $283 $8,934 22.03% 78.28% Good
2018 $39,570 $29,730 $372 $1,886 5.97% 74.19%
2017 $36,787 $22,969 $507 $6,761 22.74% 61.06% Better
2016 $36,725 $18,891 $595 $4,078 17.75% 49.82% Best
2015 $35,496 $15,905 $775 $2,986 15.81% 42.62% Better
2014 $35,069 $13,939 $1,103 $1,966 12.36% 36.6% Good
2013 $35,600 $12,091 $1,259 $1,848 13.26% 30.43%
2012 $34,464 $9,736 $1,362 $2,355 19.48% 24.3%
2011 $33,940 $8,726 $1,567 $1,010 10.37% 21.09%
2010 $33,740 $8,137 $1,612 $589 6.75% 19.34%
2009 $34,616 $7,399 $1,859 $738 9.07% 16%
Year Price % Paid Value Rank
2020 $40,550 100%
2019 $31,616 78.28% Good
2018 $29,730 74.19%
2017 $22,969 61.06% Better
2016 $18,891 49.82% Best
2015 $15,905 42.62% Better
2014 $13,939 36.6% Good
2013 $12,091 30.43%
2012 $9,736 24.3%
2011 $8,726 21.09%
2010 $8,137 19.34%
2009 $7,399 16%
Our Favorite Chevrolet Traverse 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.