Do Suburbans hold their value?
Yes, Suburbans are known to hold their value well over time compared to many other large SUVs on the market. Suburbans are durable, versatile vehicles that maintain their popularity and demand, which contributes to their strong resale value.
Why Suburbans Hold Their Value
There are several key reasons why Suburbans tend to hold their value better than other SUVs:
- Reputation for Reliability and Durability - Suburbans have a long-standing reputation for being well-built, reliable vehicles that can withstand heavy use and high mileage. This makes them attractive to used car buyers who value dependability.
- Consistent Demand - Suburbans remain in high demand among families, businesses, and other buyers who need a large, capable SUV. This consistent demand helps maintain resale values.
- Limited Supply - Suburbans are not produced in as high of volumes as some other SUV models, which contributes to their scarcity on the used car market and helps prop up their prices.
- Brand Loyalty - Chevrolet has built a loyal customer base for the Suburban over decades, with many owners trading in their old Suburbans for new ones. This brand loyalty supports the vehicle's resale value.
These factors all contribute to Suburbans holding their value better than many competitors in the large SUV segment.
How Much Value Do Suburbans Retain?
According to industry data, a typical Suburban will retain around 60-70% of its original value after 3 years of ownership. This is significantly higher than the average large SUV, which may only retain 40-50% of its value over the same time period.
Of course, the exact resale value of a Suburban can vary based on factors like mileage, condition, options, and the specific model year. But in general, Suburbans are known to be among the best-retaining vehicles in the SUV class.
Tips for Maximizing Suburban Resale Value
To get the best possible resale value when selling a Suburban, owners should:
- Maintain the vehicle well - Regular maintenance, repairs, and keeping the Suburban in good condition will help maximize its value.
- Avoid excessive mileage - High mileage can significantly reduce a Suburban's resale value, so try to keep the miles low.
- Consider popular options and trims - Certain Suburban configurations and option packages are more desirable on the used market, so choose wisely.
- Time the sale strategically - Selling a Suburban at the right time of year, when demand is highest, can help get the best price.
By following these tips, Suburban owners can help ensure they get the maximum return on their investment when it's time to sell.
Do suburbans have good resale value?
Resale Value: Suburbans tend to hold their value well over time, making them a sound investment for buyers concerned about depreciation. Overall, the combination of space, comfort, performance, and versatility makes the Chevrolet Suburban a popular choice among a wide range of consumers.
What is the most common problem with the Chevy Suburban?
What Issues Need to Be Addressed In the Chevy Suburban?
- Common brake issues in older models, like ABS failure, pedal disengagement, brake line damage may impact performance.
- Power lock failures have occurred in Suburban models from 1990 to 2014 due to actuator failure.
Are Suburbans tax deductible?
SUVs, including trucks, with a bed length of fewer than six feet and a GVWR greater than 6,000 lbs. (i.e. Chevy Colorado with 5'2″ box, Tahoe, Suburban) qualify for a maximum first-year depreciation deduction of up to the first $25,000 of the full purchase price plus 60% depreciation of any remaining balance.
Are suburbans expensive to maintain?
The average total annual cost for repairs and maintenance on a Chevrolet Suburban is $944, compared to an average of $784 for fullsize SUVs and $652 for all vehicle models.
What is the life expectancy of a Suburban?
around 125,000-150,000 miles
According to vehiclehistory.com, you can expect the Chevy Suburban to last around 125,000-150,000 miles. The cars that hit the higher end of the spectrum had decent maintenance throughout their life.
Is the Suburban the safest vehicle?
The NHTSA rating is pretty decent at four stars. If you combine these elements, you can be assured that the Suburban is going to be worth your money and will give you peace of mind when behind the wheel. It does not offer any major or innovative safety tech, but you have all you need to gain confidence on the road.
What year is Suburban not to buy?
Quick Answer: Avoid Chevrolet Suburban Year Models 1999, 2001 - 2005, 2007, 2008, 2009, 2014, 2015, and 2016. You shouldn't purchase these Chevrolet Suburban year models for various reasons, the most alarming of them including total engine and transmission failure, excessive oil consumption, and broken speedometers.
Are Suburbans expensive to insure?
As of 2024, average Chevrolet Suburban insurance rates at Lemonade range from roughly $42 to $47 a month (learn more about the methodology here). There are lots of factors that impact the cost of car insurance, we'll get more into that below.
Are Suburbans considered trucks?
To avoid confusion with off-road vehicles, GM categorized the Suburban as a truck-based station wagon rather than a traditional SUV. The eighth-generation Suburban, featuring a base engine of the small-block 5.7-liter V8, continued to evolve.
What is the No 1 safest SUV in the world?
Top 10 Safest SUVs
- 2019 Toyota Highlander.
- 2019 Nissan Pathfinder.
- 2019 Mazda CX-9.
- 2019 Hyundai Santa Fe.
- 2019 Honda Pilot. Starting at $31,450 - $48,020.
- 2019 Mitsubishi Outlander. Starting at $24,695 - $33,195.
- 2019 Subaru Ascent. Starting at $31,995 - $44,695.
- 2019 Kia Sorento. Starting at $26,290 - $46,490.
