Chevrolet Traverse Depreciation

A Chevrolet Traverse will depreciate 56% after 5 years and have a 5 year resale value of $17,953.

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 $40,811 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 Traverse.

Chevrolet Traverse Depreciation Calculator

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Chevrolet Traverse Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $8,232 79.83% $32,579 12,000 2022
2 $9,370 77.04% $31,441 24,000 2023
3 $13,668 66.51% $27,143 36,000 2024
4 $18,247 55.29% $22,564 48,000 2025
5 $22,858 43.99% $17,953 60,000 2026
6 $25,401 37.76% $15,410 72,000 2027
7 $25,988 36.32% $14,823 84,000 2028
8 $29,376 28.02% $11,435 96,000 2029
9 $31,433 22.98% $9,378 108,000 2030
10 $32,645 20.01% $8,166 120,000 2031

Chevrolet Traverse Depreciation

Years Old Depreciation Residual Value Resale Value
1 $8,232 79.83% $32,579
2 $9,370 77.04% $31,441
3 $13,668 66.51% $27,143
4 $18,247 55.29% $22,564
5 $22,858 43.99% $17,953
6 $25,401 37.76% $15,410
7 $25,988 36.32% $14,823
8 $29,376 28.02% $11,435
9 $31,433 22.98% $9,378
10 $32,645 20.01% $8,166

Buying a Chevrolet Traverse New vs Used

If you purchase a used Chevrolet Traverse that is 2 years old, then you could save $9,370 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 $13,488. 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.

What About Chevrolet Traverse Insurance Costs?

The average cost to insure a Chevrolet Traverse is about $1,599 per year. This adds up to around $7,995 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 Traverse. 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 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, 44% of the price as new, with 58% of the vehicle's useful life remaining. The 2015 and 2020 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
2021 $40,811 $40,811 $308 $0 0% 100%
2020 $40,550 $32,732 $359 $8,079 19.8% 79.83% Better
2019 $40,028 $31,275 $439 $1,457 4.45% 77.04%
2018 $39,570 $26,886 $568 $4,389 14.03% 66.51% Good
2017 $36,787 $21,015 $676 $5,871 21.84% 55.29% Good
2016 $36,725 $16,999 $844 $4,016 19.11% 43.99% Best
2015 $35,496 $14,590 $1,187 $2,409 14.17% 37.76% Better
2014 $35,069 $14,061 $1,323 $529 3.63% 36.32%
2013 $35,600 $11,425 $1,449 $2,636 18.75% 28.02%
2012 $34,464 $9,558 $1,637 $1,867 16.34% 22.98%
2011 $33,940 $8,453 $1,661 $1,105 11.56% 20.01%
2010 $33,740 $7,386 $1,863 $1,067 12.62% 16.37%
2009 $34,616 $6,622 $2,154 $764 10.34% 12.91%
Year Price % Paid Value Rank
2021 $40,811 100%
2020 $32,732 79.83% Better
2019 $31,275 77.04%
2018 $26,886 66.51% Good
2017 $21,015 55.29% Good
2016 $16,999 43.99% Best
2015 $14,590 37.76% Better
2014 $14,061 36.32%
2013 $11,425 28.02%
2012 $9,558 22.98%
2011 $8,453 20.01%
2010 $7,386 16.37%
2009 $6,622 12.91%

Chevrolet Traverse Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Chevrolet Traverse 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 Traverse 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: