GMC Terrain Depreciation

A GMC Terrain will depreciate 31% after 5 years and have a 5 year resale value of $24,096.

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 $34,670 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 $1,803 94.80% $32,867 12,000 2022
2 $5,031 85.49% $29,639 24,000 2023
3 $5,894 83.00% $28,776 36,000 2024
4 $6,587 81.00% $28,083 48,000 2025
5 $10,574 69.50% $24,096 60,000 2026
6 $13,344 61.51% $21,326 72,000 2027
7 $16,302 52.98% $18,368 84,000 2028
8 $18,888 45.52% $15,782 96,000 2029
9 $21,142 39.02% $13,528 108,000 2030
10 $22,425 35.32% $12,245 120,000 2031

GMC Terrain Depreciation

Years Old Depreciation Residual Value Resale Value
1 $1,803 94.80% $32,867
2 $5,031 85.49% $29,639
3 $5,894 83.00% $28,776
4 $6,587 81.00% $28,083
5 $10,574 69.50% $24,096
6 $13,344 61.51% $21,326
7 $16,302 52.98% $18,368
8 $18,888 45.52% $15,782
9 $21,142 39.02% $13,528
10 $22,425 35.32% $12,245

Buying a GMC Terrain New vs Used

If you purchase a used GMC Terrain that is 2 years old, then you could save $5,031 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 $5,543. 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 $1,453 per year. This adds up to around $7,265 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, 85% of the price as new, with 83% of the vehicle's useful life remaining. The 2021 and 2017 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
2022 $34,670 $34,670 $268 $0 0% 100%
2021 $34,580 $33,093 $312 $1,577 4.55% 94.8% Better
2020 $35,033 $30,332 $383 $2,761 8.34% 85.49% Best
2019 $32,657 $27,105 $495 $3,227 10.64% 83%
2018 $30,626 $24,807 $589 $2,298 8.48% 81%
2017 $29,568 $21,288 $737 $3,519 14.19% 69.5% Better
2016 $29,471 $19,164 $1,037 $2,124 9.98% 61.51% Good
2015 $30,160 $17,134 $1,156 $2,030 10.59% 52.98% Good
2014 $30,893 $15,329 $1,267 $1,805 10.53% 45.52%
2013 $30,737 $13,425 $1,431 $1,904 12.42% 39.02%
2012 $28,553 $11,538 $1,452 $1,887 14.06% 35.32%
2011 $27,374 $10,129 $1,628 $1,409 12.21% 31.06%
2010 $27,081 $9,253 $1,884 $876 8.65% 27.21%
Year Price % Paid Value Rank
2022 $34,670 100%
2021 $33,093 94.8% Better
2020 $30,332 85.49% Best
2019 $27,105 83%
2018 $24,807 81%
2017 $21,288 69.5% Better
2016 $19,164 61.51% Good
2015 $17,134 52.98% Good
2014 $15,329 45.52%
2013 $13,425 39.02%
2012 $11,538 35.32%
2011 $10,129 31.06%
2010 $9,253 27.21%

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: