GMC Terrain Depreciation

A GMC Terrain will depreciate 49% after 5 years and have a 5 year resale value of $18,636.

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 $36,221 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 Terrain.

GMC Terrain Depreciation Calculator

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GMC Terrain Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $10,729 70.38% $25,492 12,000 2022
2 $13,108 63.81% $23,113 24,000 2023
3 $13,195 63.57% $23,026 36,000 2024
4 $14,347 60.39% $21,874 48,000 2025
5 $17,585 51.45% $18,636 60,000 2026
6 $21,265 41.29% $14,956 72,000 2027
7 $23,497 35.13% $12,724 84,000 2028
8 $25,634 29.23% $10,587 96,000 2029
9 $25,996 28.23% $10,225 108,000 2030
10 $26,763 26.11% $9,458 120,000 2031

GMC Terrain Depreciation

Years Old Depreciation Residual Value Resale Value
1 $10,729 70.38% $25,492
2 $13,108 63.81% $23,113
3 $13,195 63.57% $23,026
4 $14,347 60.39% $21,874
5 $17,585 51.45% $18,636
6 $21,265 41.29% $14,956
7 $23,497 35.13% $12,724
8 $25,634 29.23% $10,587
9 $25,996 28.23% $10,225
10 $26,763 26.11% $9,458

Buying a GMC Terrain New vs Used

If you purchase a used GMC Terrain that is 2 years old, then you could save $13,108 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 $4,477. 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 Terrain models become available.

What About GMC Terrain Insurance Costs?

The average cost to insure a GMC Terrain is about $1,425 per year. This adds up to around $7,125 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 Terrain. 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 Terrain

The 2020 GMC Terrain is our top pick for the best model year value for the Terrain. With the 2020, you would only pay, on average, 70% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 model years are also attractive years for the Terrain, and provide a relatively good value. Our rankings consider multiple factors, including the Terrain'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 Terrain models.

GMC Terrain Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $36,221 $36,221 $271 $0 0% 100%
2020 $35,033 $24,971 $315 $11,250 31.06% 70.38% Best
2019 $32,657 $21,223 $386 $3,748 15.01% 63.81% Better
2018 $30,626 $19,969 $499 $1,254 5.91% 63.57% Better
2017 $29,568 $18,449 $592 $1,520 7.61% 60.39%
2016 $29,471 $15,902 $740 $2,547 13.81% 51.45% Good
2015 $30,160 $13,493 $1,040 $2,409 15.15% 41.29% Good
2014 $30,893 $12,013 $1,159 $1,480 10.97% 35.13%
2013 $30,737 $10,253 $1,270 $1,760 14.65% 29.23%
2012 $28,553 $9,495 $1,434 $758 7.39% 28.23%
2011 $27,374 $9,204 $1,455 $291 3.06% 28.31%
2010 $27,081 $7,913 $1,631 $1,291 14.03% 23.2%
Year Price % Paid Value Rank
2021 $36,221 100%
2020 $24,971 70.38% Best
2019 $21,223 63.81% Better
2018 $19,969 63.57% Better
2017 $18,449 60.39%
2016 $15,902 51.45% Good
2015 $13,493 41.29% Good
2014 $12,013 35.13%
2013 $10,253 29.23%
2012 $9,495 28.23%
2011 $9,204 28.31%
2010 $7,913 23.2%

GMC Terrain Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other GMC Terrain 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 Terrain 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: