Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 GMC TERRAIN'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) 2020 GMC TERRAIN in 2020 was $34,095.
The average price for used 2020 GMC TERRAIN nowadays in 2024 is $22,582 which is 66% from the original price.
Estimated mileage driven per year is 12,091 miles.
The graph below is a depreciation curve for 2020 GMC TERRAIN. 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 2020 GMC TERRAIN 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 | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $34,095 | — | — | 100% | 0% |
| 2020 | 12,091 mi | $30,000 | +$4,095 | +12.01% | 87.99% | 12.01% |
| 2021 | 24,182 mi | $27,599 | +$2,401 | +8% | 80.95% | 19.05% |
| 2022 | 36,273 mi | $24,998 | +$2,601 | +9.42% | 73.32% | 26.68% |
| 2023 | 48,364 mi | $23,500 | +$1,498 | +5.99% | 68.93% | 31.07% |
| 2024 | 60,455 mi | $22,582 | +$918 | +3.91% | 66.23% | 33.77% |
| 2025 | 72,546 mi | $19,912 | +$2,670 | +11.82% | 58.4% | 41.6% |
| 2026 | 84,637 mi | $18,823 | +$1,089 | +5.47% | 55.21% | 44.79% |
| 2027 | 96,728 mi | $14,998 | +$3,825 | +20.32% | 43.99% | 56.01% |
| 2028 | 108,819 mi | $13,928 | +$1,070 | +7.13% | 40.85% | 59.15% |
| 2029 | 120,910 mi | $12,000 | +$1,928 | +13.84% | 35.2% | 64.8% |
| 2030 | 133,001 mi | $10,984 | +$1,016 | +8.47% | 32.22% | 67.78% |
| 2031 | 145,092 mi | $9,995 | +$989 | +9% | 29.32% | 70.68% |
| 2032 | 157,183 mi | $8,999 | +$996 | +9.96% | 26.39% | 73.61% |
| 2033 | 169,274 mi | $8,094 | +$905 | +10.06% | 23.74% | 76.26% |
| 2034 | 181,365 mi | $7,780 | +$314 | +3.88% | 22.82% | 77.18% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the GMC TERRAIN’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 2020 GMC TERRAIN. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 GMC TERRAIN by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $24,998 | 20 sales |
| 10,000 mi | $26,097 | 71 sales |
| 15,000 mi | $25,485 | 142 sales |
| 20,000 mi | $24,998 | 246 sales |
| 25,000 mi | $25,391 | 364 sales |
| 30,000 mi | $23,998 | 464 sales |
| 35,000 mi | $23,445 | 462 sales |
| 40,000 mi | $22,998 | 474 sales |
| 45,000 mi | $22,499 | 375 sales |
| 50,000 mi | $21,989 | 353 sales |
| 55,000 mi | $21,922 | 316 sales |
| 60,000 mi | $21,523 | 252 sales |
| 65,000 mi | $20,788 | 237 sales |
| 70,000 mi | $19,999 | 178 sales |
| 75,000 mi | $19,700 | 138 sales |
| 80,000 mi | $19,757 | 92 sales |
| 85,000 mi | $19,887 | 83 sales |
| 90,000 mi | $18,995 | 76 sales |
| 95,000 mi | $19,138 | 56 sales |
| 100,000 mi | $18,985 | 68 sales |
| 105,000 mi | $17,944 | 22 sales |
| 110,000 mi | $17,445 | 20 sales |
| 115,000 mi | $17,348 | 16 sales |
Frequently asked questions
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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.
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 GMC TERRAIN
2011 GMC TERRAIN
$8,094 average used price
24,500+ sales records
2013 GMC TERRAIN
$9,995 average used price
43,700+ sales records
2015 GMC TERRAIN
$12,000 average used price
59,900+ sales records
2018 GMC TERRAIN
$18,823 average used price
125,600+ sales records
2021 GMC TERRAIN
$23,500 average used price
40,700+ sales records
2024 GMC TERRAIN
$30,000 average used price
2,800+ sales records
Similar Models
2018 GMC SIERRA
$41,045 MSRP
20+ sales records
2020 GMC SAVANA
$31,527 average used price
3,700+ sales records
2021 GMC YUKON
$71,925 MSRP
$58,989 average used price
67,700+ sales records
2021 GMC ACADIA
$42,985 MSRP
$29,794 average used price
61,300+ sales records
2022 GMC SAVANA
$37,537 average used price
310+ sales records
2022 GMC YUKON XL
$74,090 MSRP
$64,788 average used price
15,600+ sales records
2020 GMC TERRAIN on BADVIN
