Chevrolet Traverse Depreciation

A Chevrolet Traverse will depreciate 53% after 5 years and have a 5 year resale value of $19,230.

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 $40,811 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 Traverse.

Chevrolet Traverse Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $7,073 82.67% $33,738 12,000 2022
2 $9,007 77.93% $31,804 24,000 2023
3 $12,039 70.50% $28,772 36,000 2024
4 $17,116 58.06% $23,695 48,000 2025
5 $21,581 47.12% $19,230 60,000 2026
6 $24,429 40.14% $16,382 72,000 2027
7 $26,025 36.23% $14,786 84,000 2028
8 $28,670 29.75% $12,141 96,000 2029
9 $31,596 22.58% $9,215 108,000 2030
10 $32,481 20.41% $8,330 120,000 2031

Chevrolet Traverse Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,073 82.67% $33,738
2 $9,007 77.93% $31,804
3 $12,039 70.50% $28,772
4 $17,116 58.06% $23,695
5 $21,581 47.12% $19,230
6 $24,429 40.14% $16,382
7 $26,025 36.23% $14,786
8 $28,670 29.75% $12,141
9 $31,596 22.58% $9,215
10 $32,481 20.41% $8,330

Chevrolet Traverse Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Chevrolet Traverse that is 2 years old, then you could save $9,007 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 $12,574. 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 Traverse models become available.

The Best Model Years to Buy a Chevrolet Traverse

The 2016 Chevrolet Traverse is our top pick for the best model year value for the Traverse. With the 2016, you would only pay, on average, 47% of the price as new, with 58% of the vehicle's useful life remaining. The 2015 and 2020 model years are also attractive years for the Traverse, and provide a relatively good value. Our rankings consider multiple factors, including the Traverse'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 Chevrolet Traverse models.

Chevrolet Traverse Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $40,811 $40,811 $317 $0 0% 100%
2020 $40,550 $33,887 $365 $6,924 16.97% 82.67% Better
2019 $40,028 $31,647 $453 $2,240 6.61% 77.93%
2018 $39,570 $28,484 $588 $3,163 9.99% 70.5%
2017 $36,787 $22,035 $677 $6,449 22.64% 58.06% Good
2016 $36,725 $18,163 $857 $3,872 17.57% 47.12% Best
2015 $35,496 $15,432 $1,185 $2,731 15.04% 40.14% Better
2014 $35,069 $14,045 $1,340 $1,387 8.99% 36.23% Good
2013 $35,600 $12,036 $1,444 $2,009 14.3% 29.75%
2012 $34,464 $9,432 $1,649 $2,604 21.64% 22.58%
2011 $33,940 $8,622 $1,694 $810 8.59% 20.41%
2010 $33,740 $7,779 $1,941 $843 9.78% 17.3%
2009 $34,616 $7,088 $2,291 $691 8.88% 13.86%
Year Price % Paid Value Rank
2021 $40,811 100%
2020 $33,887 82.67% Better
2019 $31,647 77.93%
2018 $28,484 70.5%
2017 $22,035 58.06% Good
2016 $18,163 47.12% Best
2015 $15,432 40.14% Better
2014 $14,045 36.23% Good
2013 $12,036 29.75%
2012 $9,432 22.58%
2011 $8,622 20.41%
2010 $7,779 17.3%
2009 $7,088 13.86%

Other Chevrolet Traverse Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Chevrolet Traverse 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: