Chevrolet Sonic Depreciation
A Chevrolet Sonic will depreciate 50% after 5 years and have a 5 year resale value of $9,500.
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 $19,020 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 Chevrolet Sonic.
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Chevrolet Sonic Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $3,935 | 79.31% | $15,085 | 12,000 | 2022 |
| 2 | $5,940 | 68.77% | $13,080 | 24,000 | 2023 |
| 3 | $7,435 | 60.91% | $11,585 | 36,000 | 2024 |
| 4 | $8,782 | 53.83% | $10,238 | 48,000 | 2025 |
| 5 | $9,520 | 49.95% | $9,500 | 60,000 | 2026 |
| 6 | $11,077 | 41.76% | $7,943 | 72,000 | 2027 |
| 7 | $12,224 | 35.73% | $6,796 | 84,000 | 2028 |
| 8 | $12,888 | 32.24% | $6,132 | 96,000 | 2029 |
| 9 | $13,348 | 29.82% | $5,672 | 108,000 | 2030 |
| 10 | $14,604 | 23.22% | $4,416 | 120,000 | 2031 |
Chevrolet Sonic Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $3,935 | 79.31% | $15,085 |
| 2 | $5,940 | 68.77% | $13,080 |
| 3 | $7,435 | 60.91% | $11,585 |
| 4 | $8,782 | 53.83% | $10,238 |
| 5 | $9,520 | 49.95% | $9,500 |
| 6 | $11,077 | 41.76% | $7,943 |
| 7 | $12,224 | 35.73% | $6,796 |
| 8 | $12,888 | 32.24% | $6,132 |
| 9 | $13,348 | 29.82% | $5,672 |
| 10 | $14,604 | 23.22% | $4,416 |
If you purchase a used Chevrolet Sonic that is 2 years old, then you could save $5,940 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 $3,580. 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 Sonic models become available.
