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Should I keep my Chevrolet Colorado?

Keeping an 8-year-old (2018) Chevrolet Colorado at typical mileage costs about $5,681 a year: $1,003 in value it loses, $1,132 insurance, $1,980 fuel, $1,466 maintenance and repairs and $100 registration. A new one costs about $10,200 a year to own, mostly because new cars lose value faster.

By model year

What a Chevrolet Colorado costs to keep, by year

Next 12 months for a paid-off car at 12,000 miles a year, average insurance costs, $3.30 gas. Click a year to run your own numbers in Keep or Switch.

YearValue todayCost to keep next yearValue lostMaintenance and repairsEfficiencyRepair complaints
2025$25,453$7,500$3,104$72118 MPGAbout average
2024$21,678$6,563$2,409$74820 MPGMore than average
2023$18,692$6,353$2,044$89320 MPGAbout average
2022$16,148$5,854$1,700$92121 MPGAbout average
2021$14,015$5,750$1,374$1,17621 MPGAbout average
2020$12,261$5,866$1,333$1,26920 MPGAbout average
2019$10,601$5,646$1,034$1,37420 MPGMore than average
2018$9,280$5,681$1,003$1,46620 MPGMore than average
2017$8,028$5,520$730$1,60120 MPGMore than average
2016$7,079$5,346$708$1,56421 MPGAbout average
2015$6,180$5,281$618$1,60921 MPGFewer than average
2012$4,112$5,604$411$1,99219 MPGAbout average
2011$3,590$5,683$359$2,13819 MPGAbout average

Should you keep it?

Keeping vs replacing your Chevrolet Colorado

A paid-off car is usually the cheapest car you can drive, even with repairs: a replacement starts losing value the day you buy it and comes with tax, fees and often a loan. Switching tends to pay only when repairs get large and frequent, or a much more efficient car cuts fuel costs enough. Keep or Switch compares your Chevrolet Colorado against any replacement, including the costs of switching.

Questions

Common questions

How much does it cost to own a Chevrolet Colorado per year?

For a 2018 model at typical mileage, about $5,681 a year in value lost, insurance, fuel, maintenance, repairs and registration, not counting any loan. Years in the table range from $5,281 to $7,500.

Which Chevrolet Colorado years have the most problems?

In NHTSA owner complaint data, 2017 drew the most repair-heavy complaints relative to similar cars. Complaints are voluntary and busier models draw more of them, so treat this as a weak signal.

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