GMC Sierra EV Depreciation
A GMC Sierra EV will depreciate 42% after 5 years and have a 5 year resale value of $57,114.
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 $98,370 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 EV.
GMC Sierra EV Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $12,208 | 87.59% | $86,162 | 13,500 | 2025 |
| 2 | $32,265 | 67.20% | $66,105 | 27,000 | 2026 |
| 3 | $37,794 | 61.58% | $60,576 | 40,500 | 2027 |
| 4 | $38,581 | 60.78% | $59,789 | 54,000 | 2028 |
| 5 | $41,256 | 58.06% | $57,114 | 67,500 | 2029 |
| 6 | $44,503 | 54.76% | $53,867 | 81,000 | 2030 |
| 7 | $49,323 | 49.86% | $49,047 | 94,500 | 2031 |
| 8 | $51,221 | 47.93% | $47,149 | 108,000 | 2032 |
| 9 | $52,559 | 46.57% | $45,811 | 121,500 | 2033 |
| 10 | $55,992 | 43.08% | $42,378 | 135,000 | 2034 |
GMC Sierra EV Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $12,208 | 87.59% | $86,162 |
| 2 | $32,265 | 67.20% | $66,105 |
| 3 | $37,794 | 61.58% | $60,576 |
| 4 | $38,581 | 60.78% | $59,789 |
| 5 | $41,256 | 58.06% | $57,114 |
| 6 | $44,503 | 54.76% | $53,867 |
| 7 | $49,323 | 49.86% | $49,047 |
| 8 | $51,221 | 47.93% | $47,149 |
| 9 | $52,559 | 46.57% | $45,811 |
| 10 | $55,992 | 43.08% | $42,378 |
Buying a GMC Sierra EV New vs Used
If you purchase a used GMC Sierra EV that is 2 years old, then you could save $32,265 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 $8,991. 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 EV models become available.
What About GMC Sierra EV Insurance Costs?
The average cost to insure a GMC Sierra EV is about $2,833 per year. This adds up to around $14,165 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 EV. 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 Sierra EV Depreciation Rankings
We've ranked over 300 models from best to worst for Depreciation. See where the GMC Sierra EV ranks for Depreciation compared to other vehicles. Also check out how the Sierra EV stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other GMC Sierra EV 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 EV 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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