Genesis GV60 Depreciation
A Genesis GV60 will depreciate 52% after 5 years and have a 5 year resale value of $31,620.
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 year. It also assumes a selling price of $66,275 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 GV60.
Genesis GV60 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $23,077 | 65.18% | $43,198 | 13,500 | 2025 |
| 2 | $27,736 | 58.15% | $38,539 | 27,000 | 2026 |
| 3 | $30,626 | 53.79% | $35,649 | 40,500 | 2027 |
| 4 | $33,297 | 49.76% | $32,978 | 54,000 | 2028 |
| 5 | $34,655 | 47.71% | $31,620 | 67,500 | 2029 |
| 6 | $36,796 | 44.48% | $29,479 | 81,000 | 2030 |
| 7 | $39,851 | 39.87% | $26,424 | 94,500 | 2031 |
| 8 | $43,582 | 34.24% | $22,693 | 108,000 | 2032 |
| 9 | $46,717 | 29.51% | $19,558 | 121,500 | 2033 |
| 10 | $48,182 | 27.30% | $18,093 | 135,000 | 2034 |
Genesis GV60 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $23,077 | 65.18% | $43,198 |
| 2 | $27,736 | 58.15% | $38,539 |
| 3 | $30,626 | 53.79% | $35,649 |
| 4 | $33,297 | 49.76% | $32,978 |
| 5 | $34,655 | 47.71% | $31,620 |
| 6 | $36,796 | 44.48% | $29,479 |
| 7 | $39,851 | 39.87% | $26,424 |
| 8 | $43,582 | 34.24% | $22,693 |
| 9 | $46,717 | 29.51% | $19,558 |
| 10 | $48,182 | 27.30% | $18,093 |
Buying a Genesis GV60 New vs Used
If you purchase a used Genesis GV60 that is 2 years old, then you could save $27,736 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 $6,919. 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 GV60 models become available.
What About Genesis GV60 Insurance Costs?
The average cost to insure a Genesis GV60 is about $2,535 per year. This adds up to around $12,675 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 GV60. 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
Genesis GV60 Depreciation Rankings
We've ranked over 300 models from best to worst for Depreciation. See where the Genesis GV60 ranks for Depreciation compared to other vehicles. Also check out how the GV60 stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other Genesis GV60 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 GV60 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:
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