GMC Sierra 1500 Depreciation

A GMC Sierra 1500 will depreciate 40% after 5 years and have a 5 year resale value of $27,367.

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 $45,544 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 Sierra 1500.

GMC Sierra 1500 Depreciation Calculator

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GMC Sierra 1500 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $6,977 84.68% $38,567 12,000 2022
2 $8,590 81.14% $36,954 24,000 2023
3 $12,547 72.45% $32,997 36,000 2024
4 $16,501 63.77% $29,043 48,000 2025
5 $18,177 60.09% $27,367 60,000 2026
6 $20,140 55.78% $25,404 72,000 2027
7 $23,227 49.00% $22,317 84,000 2028
8 $28,743 36.89% $16,801 96,000 2029
9 $29,941 34.26% $15,603 108,000 2030
10 $30,514 33.00% $15,030 120,000 2031

GMC Sierra 1500 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $6,977 84.68% $38,567
2 $8,590 81.14% $36,954
3 $12,547 72.45% $32,997
4 $16,501 63.77% $29,043
5 $18,177 60.09% $27,367
6 $20,140 55.78% $25,404
7 $23,227 49.00% $22,317
8 $28,743 36.89% $16,801
9 $29,941 34.26% $15,603
10 $30,514 33.00% $15,030

Buying a GMC Sierra 1500 New vs Used

If you purchase a used GMC Sierra 1500 that is 2 years old, then you could save $8,590 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 $9,587. 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 Sierra 1500 models become available.

What About GMC Sierra 1500 Insurance Costs?

The average cost to insure a GMC Sierra 1500 is about $1,660 per year. This adds up to around $8,300 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 Sierra 1500. 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 GMC Sierra 1500

The 2020 GMC Sierra 1500 is our top pick for the best model year value for the Sierra 1500. With the 2020, you would only pay, on average, 85% of the price as new, with 92% of the vehicle's useful life remaining. The 2017 and 2018 model years are also attractive years for the Sierra 1500, and provide a relatively good value. Our rankings consider multiple factors, including the Sierra 1500'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 GMC Sierra 1500 models.

GMC Sierra 1500 Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $45,544 $45,544 $319 $0 0% 100%
2020 $45,099 $38,558 $370 $6,986 15.34% 84.68% Best
2019 $44,210 $36,326 $452 $2,232 5.79% 81.14% Good
2018 $43,409 $32,033 $582 $4,293 11.82% 72.45% Better
2017 $43,685 $28,546 $690 $3,487 10.89% 63.77% Better
2016 $40,994 $25,493 $860 $3,053 10.7% 60.09% Good
2015 $39,037 $22,978 $1,205 $2,515 9.87% 55.78%
2014 $37,754 $19,843 $1,342 $3,135 13.64% 49%
2013 $35,482 $14,557 $1,469 $5,286 26.64% 36.89%
2012 $34,330 $13,419 $1,659 $1,138 7.82% 34.26%
2011 $33,098 $10,922 $1,683 $2,497 18.61% 33%
2010 $32,622 $10,598 $1,886 $324 2.97% 26.71%
2009 $30,734 $7,991 $2,180 $2,607 24.6% 26%
Year Price % Paid Value Rank
2021 $45,544 100%
2020 $38,558 84.68% Best
2019 $36,326 81.14% Good
2018 $32,033 72.45% Better
2017 $28,546 63.77% Better
2016 $25,493 60.09% Good
2015 $22,978 55.78%
2014 $19,843 49%
2013 $14,557 36.89%
2012 $13,419 34.26%
2011 $10,922 33%
2010 $10,598 26.71%
2009 $7,991 26%

GMC Sierra 1500 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the GMC Sierra 1500 ranks for Depreciation compared to other vehicles. Also check out how the Sierra 1500 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other GMC Sierra 1500 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 Sierra 1500 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: