GMC HUMMER EV Pickup Depreciation
A GMC HUMMER EV Pickup will depreciate 42% after 5 years and have a 5 year resale value of $60,917.
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 $104,920 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 GMC HUMMER EV Pickup.
GMC HUMMER EV Pickup Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $23,019 | 78.06% | $81,901 | 13,500 | 2025 |
| 2 | $34,414 | 67.20% | $70,506 | 27,000 | 2026 |
| 3 | $40,310 | 61.58% | $64,610 | 40,500 | 2027 |
| 4 | $41,150 | 60.78% | $63,770 | 54,000 | 2028 |
| 5 | $44,003 | 58.06% | $60,917 | 67,500 | 2029 |
| 6 | $47,466 | 54.76% | $57,454 | 81,000 | 2030 |
| 7 | $52,607 | 49.86% | $52,313 | 94,500 | 2031 |
| 8 | $54,632 | 47.93% | $50,288 | 108,000 | 2032 |
| 9 | $56,059 | 46.57% | $48,861 | 121,500 | 2033 |
| 10 | $59,720 | 43.08% | $45,200 | 135,000 | 2034 |
GMC HUMMER EV Pickup Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $23,019 | 78.06% | $81,901 |
| 2 | $34,414 | 67.20% | $70,506 |
| 3 | $40,310 | 61.58% | $64,610 |
| 4 | $41,150 | 60.78% | $63,770 |
| 5 | $44,003 | 58.06% | $60,917 |
| 6 | $47,466 | 54.76% | $57,454 |
| 7 | $52,607 | 49.86% | $52,313 |
| 8 | $54,632 | 47.93% | $50,288 |
| 9 | $56,059 | 46.57% | $48,861 |
| 10 | $59,720 | 43.08% | $45,200 |
Buying a GMC HUMMER EV Pickup New vs Used
If you purchase a used GMC HUMMER EV Pickup that is 2 years old, then you could save $34,414 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 $9,589. 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 HUMMER EV Pickup models become available.
What About GMC HUMMER EV Pickup Insurance Costs?
The average cost to insure a GMC HUMMER EV Pickup is about $3,224 per year. This adds up to around $16,120 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 GMC HUMMER EV Pickup. 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
GMC HUMMER EV Pickup Depreciation Rankings
We've ranked over 300 models from best to worst for Depreciation. See where the GMC HUMMER EV Pickup ranks for Depreciation compared to other vehicles. Also check out how the HUMMER EV Pickup stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other GMC HUMMER EV Pickup Costs of Ownership
Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major GMC HUMMER EV Pickup 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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