Estimated value by year
New
$42,000
MSRP
1 yr
$33,600
-20%
2 yrs
$30,660
-27%
3 yrs
$28,140
-33%
5 yrs
$23,940
-43%
10 yrs
$15,540
-63%
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Full Depreciation Table — Chevrolet Silverado
Based on base MSRP of $42,000. Actual values vary by trim, mileage, condition, and region.
| Year | Age | Depreciation | 🤝 Trade-In | 🧑 Private Sale | 🏢 Dealer Retail |
|---|---|---|---|---|---|
| 2026 (New) | 0 yrs | -0% | $36,540 | $42,000 | $47,040 |
| 2025 | 1 yr | -20% | $29,232 | $33,600 | $37,632 |
| 2024 | 2 yrs | -27% | $26,674 | $30,660 | $34,339 |
| 2023 | 3 yrs | -33% | $24,482 | $28,140 | $31,517 |
| 2022 | 4 yrs | -38% | $22,655 | $26,040 | $29,165 |
| 2021 | 5 yrs | -43% | $20,828 | $23,940 | $26,813 |
| 2020 | 6 yrs | -47% | $19,366 | $22,260 | $24,931 |
| 2019 | 7 yrs | -51% | $17,905 | $20,580 | $23,050 |
| 2018 | 8 yrs | -55% | $16,443 | $18,900 | $21,168 |
| 2017 | 9 yrs | -59% | $14,981 | $17,220 | $19,286 |
| 2016 | 10 yrs | -63% | $13,520 | $15,540 | $17,405 |
Cost per year
$3,360
avg annual loss
Sweet spot buy
2–3 yrs old
$28,140 saves $13,860
Value at 10 yrs
$15,540
63% of value gone
Key Specs — Chevrolet Silverado
Category
Truck
Base MSRP
$42,000
5-Year Depreciation
40%
vs Category Avg
2% worse than average
Expected Lifespan
200,000+ miles
Best Used Buy Age
2–3 years old
Should you buy a used Chevrolet Silverado?
The sweet spot for buying a used Silverado is 2 to 3 years old. At that age you can save approximately $13,860 off the new price while still getting a relatively modern vehicle. The steepest depreciation happens in the first 1-2 years, so letting someone else absorb that loss is a smart financial move.
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