GMC Sierra 1500 Depreciation

A GMC Sierra 1500 will depreciate 31% after 5 years and have a 5 year resale value of $31,172.

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 $45,099 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 1500.

GMC Sierra 1500 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,146 88.59% $39,953 13,500 2021
2 $7,608 83.13% $37,491 27,000 2022
3 $10,350 77.05% $34,749 40,500 2023
4 $12,578 72.11% $32,521 54,000 2024
5 $13,927 69.12% $31,172 67,500 2025
6 $16,488 63.44% $28,611 81,000 2026
7 $22,504 50.10% $22,595 94,500 2027
8 $23,821 47.18% $21,278 108,000 2028
9 $25,603 43.23% $19,496 121,500 2029
10 $27,840 38.27% $17,259 135,000 2030

GMC Sierra 1500 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $5,146 88.59% $39,953
2 $7,608 83.13% $37,491
3 $10,350 77.05% $34,749
4 $12,578 72.11% $32,521
5 $13,927 69.12% $31,172
6 $16,488 63.44% $28,611
7 $22,504 50.10% $22,595
8 $23,821 47.18% $21,278
9 $25,603 43.23% $19,496
10 $27,840 38.27% $17,259

GMC Sierra 1500 Depreciation Calculator

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If you purchase a used GMC Sierra 1500 that is 2 years old, then you could save $7,608 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 $6,319. 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 1500 models become available.

The Best Model Years to Buy a GMC Sierra 1500

The 2019 GMC Sierra 1500 is our top pick for the best model year value for the Sierra 1500. With the 2019, you would only pay, on average, 89% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2020 model years are also attractive years for the Sierra 1500, and provide a relatively good value. Our rankings consider multiple factors, including the Sierra 1500'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 Sierra 1500 models.

GMC Sierra 1500 Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $45,099 $45,099 $331 $0 0% 100% Better
2019 $44,210 $39,543 $379 $5,556 12.32% 88.59% Best
2018 $43,409 $36,556 $470 $2,987 7.55% 83.13% Better
2017 $43,685 $34,266 $608 $2,290 6.26% 77.05% Good
2016 $40,994 $30,259 $698 $4,007 11.69% 72.11% Good
2015 $39,037 $27,866 $882 $2,393 7.91% 69.12%
2014 $37,754 $25,167 $1,217 $2,699 9.69% 63.44%
2013 $35,482 $19,154 $1,376 $6,013 23.89% 50.1%
2012 $34,330 $17,678 $1,481 $1,476 7.71% 47.18%
2011 $33,098 $16,000 $1,691 $1,678 9.49% 43.23%
2010 $32,622 $14,222 $1,737 $1,778 11.11% 38.27%
2009 $30,734 $13,273 $1,989 $949 6.67% 36.72%
2008 $28,762 $12,142 $2,346 $1,131 8.52% 34.06%
Year Price % Paid Value Rank
2020 $45,099 100% Better
2019 $39,543 88.59% Best
2018 $36,556 83.13% Better
2017 $34,266 77.05% Good
2016 $30,259 72.11% Good
2015 $27,866 69.12%
2014 $25,167 63.44%
2013 $19,154 50.1%
2012 $17,678 47.18%
2011 $16,000 43.23%
2010 $14,222 38.27%
2009 $13,273 36.72%
2008 $12,142 34.06%

Other GMC Sierra 1500 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 1500 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: