GMC Savana Cargo Depreciation

A GMC Savana Cargo will depreciate 20% after 5 years and have a 5 year resale value of $30,876.

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 $38,629 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 Savana Cargo.

GMC Savana Cargo Depreciation Calculator

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GMC Savana Cargo Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $2,897 92.50% $35,732 12,000 2022
2 $4,408 88.59% $34,221 24,000 2023
3 $6,134 84.12% $32,495 36,000 2024
4 $6,652 82.78% $31,977 48,000 2025
5 $7,753 79.93% $30,876 60,000 2026
6 $12,601 67.38% $26,028 72,000 2027
7 $14,834 61.60% $23,795 84,000 2028
8 $16,715 56.73% $21,914 96,000 2029
9 $21,246 45.00% $17,383 108,000 2030
10 $21,632 44.00% $16,997 120,000 2031

GMC Savana Cargo Depreciation

Years Old Depreciation Residual Value Resale Value
1 $2,897 92.50% $35,732
2 $4,408 88.59% $34,221
3 $6,134 84.12% $32,495
4 $6,652 82.78% $31,977
5 $7,753 79.93% $30,876
6 $12,601 67.38% $26,028
7 $14,834 61.60% $23,795
8 $16,715 56.73% $21,914
9 $21,246 45.00% $17,383
10 $21,632 44.00% $16,997

Buying a GMC Savana Cargo New vs Used

If you purchase a used GMC Savana Cargo that is 2 years old, then you could save $4,408 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 $3,345. 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 Savana Cargo models become available.

What About GMC Savana Cargo Insurance Costs?

The average cost to insure a GMC Savana Cargo is about $1,637 per year. This adds up to around $8,185 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 Savana Cargo. 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 Savana Cargo Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other GMC Savana Cargo 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 Savana Cargo 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: