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Chevrolet Traverse Depreciation

A Chevrolet Traverse will depreciate 39% after 5 years and have a 5 year resale value of $26,457.

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 $43,308 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.

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Chevrolet Traverse Depreciation Calculator

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Chevrolet Traverse Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $342 99.21% $42,966 12,000 2022
2 $2,932 93.23% $40,376 24,000 2023
3 $5,201 87.99% $38,107 36,000 2024
4 $7,730 82.15% $35,578 48,000 2025
5 $16,851 61.09% $26,457 60,000 2026
6 $20,861 51.83% $22,447 72,000 2027
7 $24,010 44.56% $19,298 84,000 2028
8 $26,141 39.64% $17,167 96,000 2029
9 $29,042 32.94% $14,266 108,000 2030
10 $32,550 24.84% $10,758 120,000 2031

Chevrolet Traverse Depreciation

Years Old Depreciation Residual Value Resale Value
1 $342 99.21% $42,966
2 $2,932 93.23% $40,376
3 $5,201 87.99% $38,107
4 $7,730 82.15% $35,578
5 $16,851 61.09% $26,457
6 $20,861 51.83% $22,447
7 $24,010 44.56% $19,298
8 $26,141 39.64% $17,167
9 $29,042 32.94% $14,266
10 $32,550 24.84% $10,758

Buying a Chevrolet Traverse New vs Used

If you purchase a used Chevrolet Traverse that is 2 years old, then you could save $2,932 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 $13,919. 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 $1,747 per year. This adds up to around $8,735 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 2022 Chevrolet Traverse is our top pick for the best model year value for the Traverse. With the 2022, you would only pay, on average, 100% of the price as new, with 100% of the vehicle's useful life remaining. The 2016 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
2022 $43,308 $43,308 $313 $0 0% 100% Best
2021 $43,182 $43,204 $364 $104 0.24% 99.21%
2020 $40,550 $38,247 $444 $4,957 11.47% 93.23%
2019 $40,028 $35,793 $573 $2,454 6.42% 87.99%
2018 $39,570 $33,188 $681 $2,605 7.28% 82.15%
2017 $36,787 $23,324 $849 $9,864 29.72% 61.09% Better
2016 $36,725 $20,228 $1,192 $3,096 13.27% 51.83% Better
2015 $35,496 $17,145 $1,328 $3,083 15.24% 44.56% Good
2014 $35,069 $15,356 $1,454 $1,789 10.43% 39.64% Good
2013 $35,600 $13,367 $1,642 $1,989 12.95% 32.94%
2012 $34,464 $10,228 $1,666 $3,139 23.48% 24.84%
2011 $33,940 $9,219 $1,868 $1,009 9.87% 21.66%
2010 $33,740 $8,667 $2,159 $552 5.99% 19.29%
Year Price % Paid Value Rank
2022 $43,308 100% Best
2021 $43,204 99.21%
2020 $38,247 93.23%
2019 $35,793 87.99%
2018 $33,188 82.15%
2017 $23,324 61.09% Better
2016 $20,228 51.83% Better
2015 $17,145 44.56% Good
2014 $15,356 39.64% Good
2013 $13,367 32.94%
2012 $10,228 24.84%
2011 $9,219 21.66%
2010 $8,667 19.29%

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: