What is the residual value of the 2024 Chevy Trailblazer?
The residual value of the 2024 Chevy Trailblazer is estimated to be around 50-55% of its original MSRP after 3 years of ownership. This means that if the Trailblazer had an MSRP of $30,000, its estimated resale value would be between $15,000 and $16,500 after 3 years.
Understanding Residual Value
Residual value, also known as resale value, is the estimated worth of a vehicle after a certain period of ownership. It is an important factor to consider when purchasing a new car, as it can significantly impact the overall cost of ownership. Factors that influence a vehicle's residual value include:
- Make, model, and trim level
- Mileage and condition of the vehicle
- Demand for the vehicle in the used car market
- General economic conditions and market trends
Automakers and industry analysts closely monitor residual values to help consumers make informed decisions and to set appropriate lease rates and financing terms.
The 2024 Chevy Trailblazer
The 2024 Chevy Trailblazer is a compact SUV that has been well-received by consumers and critics alike. It offers a blend of practicality, style, and performance, making it a popular choice in its segment. The Trailblazer's estimated residual value of 50-55% after 3 years is considered relatively strong, reflecting its overall appeal and expected demand in the used car market.
Factors contributing to the Trailblazer's solid residual value include its reliable powertrain, modern design, and Chevrolet's reputation for producing durable and well-built vehicles. Additionally, the compact SUV segment has remained popular with consumers, further supporting the Trailblazer's resale value.
What is the life expectancy of a Trailblazer?
around 225,000 miles
According to vehiclehistory.com, a standard 2021 Chevrolet Trailblazer will survive around 225,000 miles with excellent care. If you're an owner, it's valuable to note that maintenance and driving habits will have a significant influence on how many years your Trailblazer can survive.
How much is insurance on a 2024 Trailblazer?
As of 2024, average Chevrolet Trailblazer insurance rates at Lemonade range from roughly $47 to $53 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.
What is a 2024 Chevy Trailblazer worth?
2024 Chevrolet Trailblazer Pricing
| MSRP | KBB Fair Purchase Price (nat'l average) | |
|---|---|---|
| LS | $24,395 | $23,197 |
| LT | $25,595 | $24,545 |
| RS | $28,395 | $27,202 |
| ACTIV | $28,395 | $27,236 |
Is the residual value of a car negotiable?
Residual value: This figure is also non-negotiable as it accounts for depreciation and industry data. Plus, lowering the residual value too much means the dealership could lose money if you decide to purchase the car instead of turning it in.
What is the rollover rating for the Chevy Trailblazer?
The 2021 Trailblazer also received an NHTSA 4-Star Safety Rating for chance of rollover in an accident, a notable achievement.
Which SUV has the highest rollover rate?
2017 Nissan NV3500
It is classified as an SUV and one of the largest passenger cars on the market. In crash tests, the Nissan NV3500 scored a 2-star safety rating with a 30.6% chance of rollover in car crashes, the highest rollover rating of any truck or SUV currently on the market.
Is the 2024 Trailblazer a good vehicle?
Chevy's done a great job with the latest 2024 Trailblazer. It isn't the most efficient or the best-performing vehicle in the class, but it is exceedingly competent at nearly everything it does. In the increasingly competitive class of extra-small… SUVs, the Trailblazer is a half-step ahead.
What is the residual value of a Chevy Trailblazer?
A 2025 Chevrolet Trailblazer RS has a 5-year cost-to-own of $51,985. After 5 years a 2025 Trailblazer RS will depreciate $15,755 and have a residual value of $13,240. During this time out-of-pocket expenses are expected to total $36,230. Personalize your 5-Year Cost to Own data by logging in.
How reliable is the 2024 Chevy Trailblazer?
As a whole, consumers found the vehicle's styling and reliability to be its strongest features and value to be its weakest. 28 out of 36 of owners (78% of them) rank the 2024 Trailblazer five out of five stars.
How do I find out my residual value?
To determine the residual value of an asset, you must consider the estimated amount that the asset's owner would earn by selling the asset (minus any costs that might be incurred during the disposal). Residual value is often used when referring to a leased car.
