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How much is Chevrolet Malibu depreciation?
I’m thinking about buying a Chevy Malibu, but I’m also comparing other four-door sedans. One of my biggest concerns revolves around depreciation—I don’t want to be left holding the bag after buying a new vehicle. How much do Chevy Malibus typically depreciate?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Chevrolet Malibu depreciation sits around 27% over five years, meaning that you’ll still have 73% of your original purchase price after a good amount of use. This isn’t the best in the industry, but it’s far better than many foreign cars or luxury vehicles.
However, you can always keep your resale value high and limit the damage of depreciation by:
- Keeping up to date on maintenance
- Making necessary repairs as they arise
- Upgrading or modernizing features
Alternatively, you can always look at used models or certified pre-owned models. The original owner takes the hit on depreciation, and you’re left with a great car at a cut-rate price.
If you want to put even more money in your pocket, don’t forget to keep your
Chevrolet Malibu insurance costs
by shopping car insurance quotes on the Jerry
app.Jerry is a
trustworthy super app
and insurance comparison tool that collects quotes from over 55 top-rated insurers in just 45 seconds. After you find a great rate, Jerry can help you buy new car insurance
and cancel your old policy. Users save an average of $800+ per year.View full answer
- Gregory R.
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