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GMC HUMMER EV SUV Depreciation
A GMC HUMMER EV SUV will depreciate 53% after 5 years and have a 5 year resale value of $48,910.
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 $104,108 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 SUV.
GMC HUMMER EV SUV Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $28,703 | 72.43% | $75,405 | 13,500 | 2026 |
| 2 | $37,718 | 63.77% | $66,390 | 27,000 | 2027 |
| 3 | $39,051 | 62.49% | $65,057 | 40,500 | 2028 |
| 4 | $43,111 | 58.59% | $60,997 | 54,000 | 2029 |
| 5 | $55,198 | 46.98% | $48,910 | 67,500 | 2030 |
| 6 | $59,768 | 42.59% | $44,340 | 81,000 | 2031 |
| 7 | $63,974 | 38.55% | $40,134 | 94,500 | 2032 |
| 8 | $70,544 | 32.24% | $33,564 | 108,000 | 2033 |
| 9 | $74,531 | 28.41% | $29,577 | 121,500 | 2034 |
| 10 | $76,748 | 26.28% | $27,360 | 135,000 | 2035 |
GMC HUMMER EV SUV Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $28,703 | 72.43% | $75,405 |
| 2 | $37,718 | 63.77% | $66,390 |
| 3 | $39,051 | 62.49% | $65,057 |
| 4 | $43,111 | 58.59% | $60,997 |
| 5 | $55,198 | 46.98% | $48,910 |
| 6 | $59,768 | 42.59% | $44,340 |
| 7 | $63,974 | 38.55% | $40,134 |
| 8 | $70,544 | 32.24% | $33,564 |
| 9 | $74,531 | 28.41% | $29,577 |
| 10 | $76,748 | 26.28% | $27,360 |
Help me understand
Buying a GMC HUMMER EV SUV New vs Used
If you purchase a used GMC HUMMER EV SUV that is 2 years old, then you could save $37,718 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 $17,480. 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 SUV models become available.
What About GMC HUMMER EV SUV Insurance Costs?
The average cost to insure a GMC HUMMER EV SUV is about $3,290 per year. This adds up to around $16,450 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 SUV. 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 SUV Depreciation Rankings
We've ranked over 300 models from best to worst for Depreciation. See where the GMC HUMMER EV SUV ranks for Depreciation compared to other vehicles. Also check out how the HUMMER EV SUV stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other GMC HUMMER EV SUV 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 SUV 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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