Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 BUICK VERANO's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2016 BUICK VERANO in 2016 was $25,435.
The average price for used 2016 BUICK VERANO nowadays in 2024 is $11,998 which is 47% from the original price.
Estimated mileage driven per year is 11,101 miles.
The graph below is a depreciation curve for 2016 BUICK VERANO. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2016 BUICK VERANO in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2016 MSRP | 0 mi | $25,435 | — | — | 100% | 0% |
| 2023 | 88,808 mi | $11,641 | +$0 | +0% | 45.77% | 54.23% |
| 2024 | 99,909 mi | $11,998 | −$357 | −3.07% | 47.17% | 52.83% |
| 2025 | 111,010 mi | $11,477 | +$521 | +4.34% | 45.12% | 54.88% |
| 2026 | 122,111 mi | $10,701 | +$776 | +6.76% | 42.07% | 57.93% |
| 2027 | 133,212 mi | $9,599 | +$1,102 | +10.3% | 37.74% | 62.26% |
| 2028 | 144,313 mi | $8,000 | +$1,599 | +16.66% | 31.45% | 68.55% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the BUICK VERANO’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2016 BUICK VERANO. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 BUICK VERANO by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $19,988 | 54 sales |
| 10,000 mi | $20,590 | 136 sales |
| 15,000 mi | $19,990 | 154 sales |
| 20,000 mi | $18,998 | 139 sales |
| 25,000 mi | $18,590 | 166 sales |
| 30,000 mi | $17,990 | 179 sales |
| 35,000 mi | $17,999 | 217 sales |
| 40,000 mi | $17,965 | 191 sales |
| 45,000 mi | $16,990 | 233 sales |
| 50,000 mi | $16,805 | 285 sales |
| 55,000 mi | $16,900 | 301 sales |
| 60,000 mi | $16,395 | 309 sales |
| 65,000 mi | $15,000 | 258 sales |
| 70,000 mi | $15,295 | 255 sales |
| 75,000 mi | $14,245 | 289 sales |
| 80,000 mi | $14,991 | 250 sales |
| 85,000 mi | $14,317 | 226 sales |
| 90,000 mi | $13,793 | 233 sales |
| 95,000 mi | $12,986 | 176 sales |
| 100,000 mi | $12,749 | 148 sales |
| 105,000 mi | $11,642 | 141 sales |
| 110,000 mi | $11,988 | 86 sales |
| 115,000 mi | $9,999 | 68 sales |
| 120,000 mi | $10,500 | 94 sales |
| 125,000 mi | $9,995 | 67 sales |
| 130,000 mi | $9,996 | 61 sales |
| 135,000 mi | $9,995 | 34 sales |
| 140,000 mi | $7,745 | 20 sales |
| 145,000 mi | $8,611 | 19 sales |
| 155,000 mi | $9,952 | 12 sales |
| 160,000 mi | $8,082 | 15 sales |
| 165,000 mi | $8,495 | 10 sales |
Frequently asked questions
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
Other years of BUICK VERANO
2012 BUICK VERANO
$8,000 average used price
11,700+ sales records
2013 BUICK VERANO
$9,599 average used price
17,100+ sales records
2014 BUICK VERANO
$10,701 average used price
17,600+ sales records
2015 BUICK VERANO
$11,477 average used price
14,600+ sales records
2017 BUICK VERANO
$11,641 average used price
4,900+ sales records
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2018 BUICK LACROSSE
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2019 BUICK ENVISION
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2019 BUICK ENCLAVE
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2016 BUICK VERANO on BADVIN
