Chevrolet Trax Depreciation

A Chevrolet Trax will depreciate 56% after 5 years and have a 5 year resale value of $11,895.

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 $26,882 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 Trax.

Chevrolet Trax Depreciation Calculator

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Chevrolet Trax Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $8,288 69.17% $18,594 12,000 2022
2 $11,941 55.58% $14,941 24,000 2023
3 $13,062 51.41% $13,820 36,000 2024
4 $14,098 47.56% $12,784 48,000 2025
5 $14,987 44.25% $11,895 60,000 2026
6 $16,675 37.97% $10,207 72,000 2027
7 $17,293 35.67% $9,589 84,000 2028
8 $18,425 31.46% $8,457 96,000 2029
9 $19,920 25.90% $6,962 108,000 2030
10 $20,395 24.13% $6,487 120,000 2031

Chevrolet Trax Depreciation

Years Old Depreciation Residual Value Resale Value
1 $8,288 69.17% $18,594
2 $11,941 55.58% $14,941
3 $13,062 51.41% $13,820
4 $14,098 47.56% $12,784
5 $14,987 44.25% $11,895
6 $16,675 37.97% $10,207
7 $17,293 35.67% $9,589
8 $18,425 31.46% $8,457
9 $19,920 25.90% $6,962
10 $20,395 24.13% $6,487

Buying a Chevrolet Trax New vs Used

If you purchase a used Chevrolet Trax that is 2 years old, then you could save $11,941 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 $3,046. 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 Trax models become available.

What About Chevrolet Trax Insurance Costs?

The average cost to insure a Chevrolet Trax is about $1,426 per year. This adds up to around $7,130 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 Trax. 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 Trax

The 2019 Chevrolet Trax is our top pick for the best model year value for the Trax. With the 2019, you would only pay, on average, 56% of the price as new, with 83% of the vehicle's useful life remaining. The 2020 and 2018 model years are also attractive years for the Trax, and provide a relatively good value. Our rankings consider multiple factors, including the Trax'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 Trax models.

Chevrolet Trax Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $26,882 $26,882 $280 $0 0% 100%
2020 $26,753 $18,835 $331 $8,047 29.93% 69.17% Better
2019 $26,495 $15,139 $412 $3,696 19.62% 55.58% Best
2018 $24,402 $14,149 $541 $990 6.54% 55.77% Better
2017 $25,396 $14,289 $648 +$140 -0.99% 53.71% Good
2016 $24,582 $11,693 $816 $2,596 18.17% 44.25% Good
2015 $24,389 $10,420 $1,159 $1,273 10.89% 37.97%
Year Price % Paid Value Rank
2021 $26,882 100%
2020 $18,835 69.17% Better
2019 $15,139 55.58% Best
2018 $14,149 55.77% Better
2017 $14,289 53.71% Good
2016 $11,693 44.25% Good
2015 $10,420 37.97%

Chevrolet Trax Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Chevrolet Trax 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 Trax 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: