Genesis G70 Depreciation
A Genesis G70 will depreciate 47% after 5 years and have a 5 year resale value of $26,556.
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 $50,545 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 Genesis G70.
Genesis G70 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $15,042 | 70.24% | $35,503 | 12,000 | 2025 |
| 2 | $15,896 | 68.55% | $34,649 | 24,000 | 2026 |
| 3 | $19,510 | 61.40% | $31,035 | 36,000 | 2027 |
| 4 | $21,835 | 56.80% | $28,710 | 48,000 | 2028 |
| 5 | $23,989 | 52.54% | $26,556 | 60,000 | 2029 |
| 6 | $28,563 | 43.49% | $21,982 | 72,000 | 2030 |
| 7 | $30,211 | 40.23% | $20,334 | 84,000 | 2031 |
| 8 | $31,737 | 37.21% | $18,808 | 96,000 | 2032 |
| 9 | $33,147 | 34.42% | $17,398 | 108,000 | 2033 |
| 10 | $34,451 | 31.84% | $16,094 | 120,000 | 2034 |
Genesis G70 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $15,042 | 70.24% | $35,503 |
| 2 | $15,896 | 68.55% | $34,649 |
| 3 | $19,510 | 61.40% | $31,035 |
| 4 | $21,835 | 56.80% | $28,710 |
| 5 | $23,989 | 52.54% | $26,556 |
| 6 | $28,563 | 43.49% | $21,982 |
| 7 | $30,211 | 40.23% | $20,334 |
| 8 | $31,737 | 37.21% | $18,808 |
| 9 | $33,147 | 34.42% | $17,398 |
| 10 | $34,451 | 31.84% | $16,094 |
Buying a Genesis G70 New vs Used
If you purchase a used Genesis G70 that is 2 years old, then you could save $15,896 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 $8,093. 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 G70 models become available.
What About Genesis G70 Insurance Costs?
The average cost to insure a Genesis G70 is about $4,930 per year. This adds up to around $24,650 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 Genesis G70. 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 Genesis G70
The 2023 Genesis G70 is our top pick for the best model year value for the G70. With the 2023, you would only pay, on average, 70% of the price as new, with 92% of the vehicle's useful life remaining. The 2022 and 2021 model years are also attractive years for the G70, and provide a relatively good value. Our rankings consider multiple factors, including the G70'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 Genesis G70 models.
Genesis G70 Historical Depreciation
| Year | New Price | Current Price | Maintenance | $ Decline | % Decline | % Paid | Value Rating |
|---|---|---|---|---|---|---|---|
| 2024 | $50,545 | $50,545 | $297 | $0 | 0% | 100% | Good |
| 2023 | $54,413 | $38,221 | $345 | $12,324 | 24.38% | 70.24% | Best |
| 2022 | $45,915 | $31,475 | $419 | $6,746 | 17.65% | 68.55% | Better |
| 2021 | $45,791 | $28,114 | $540 | $3,361 | 10.68% | 61.4% | Better |
| 2020 | $43,375 | $27,118 | $639 | $996 | 3.54% | 62.52% | Good |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2024 | $50,545 | 100% | Good |
| 2023 | $38,221 | 70.24% | Best |
| 2022 | $31,475 | 68.55% | Better |
| 2021 | $28,114 | 61.4% | Better |
| 2020 | $27,118 | 62.52% | Good |
Genesis G70 Depreciation Rankings
We've ranked over 200 models from best to worst for Depreciation. See where the Genesis G70 ranks for Depreciation compared to other vehicles. Also check out how the G70 stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other Genesis G70 Costs of Ownership
Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Genesis G70 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:
Genesis G70s For Sale
2023 GENESIS G70 Standard
$28,490
2022 GENESIS G70 Standard
$28,750
2023 GENESIS G70 Standard
$29,350
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