PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
What is the GMC Canyon’s depreciation rate?
I’m in the market for a heavy-duty truck for work and I have my eye on the GMC Canyon. But I’m not sure if it’s a good investment or not. What is the GMC Canyon’s depreciation rate?
Mariza Morin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
From the looks of it, the GMC Canyon is a great buy! As long as you keep it properly maintained, the GMC pickup truck has an approximate five-year depreciation rate between 16% and 32%.
According to Edmunds, the total five-year ownership costs for a 2021 GMC Canyon include:
- Depreciation: $12,710
- Fuel: $12,782
- Insurance: $6,672
- Repairs: $842
- Maintenance: $4,454
Of all trucks, the GMC Canyon has one of the best depreciation rates. However, we can’t say the same when it comes to insuring the GMC pickup truck as it tends to be well above average compared to the competition. But you can always lower your
GMC insurance costs
by downloading the #1-rated Jerry
app today! We keep it simple: after you download the
trusted licensed broker
app, enter your information, and in roughly 45 seconds you’ll instantly access several competitive rates from some of the top insurance companies in the country. Once you make a decision, our team of expert insurance agents will take it from there—from finalizing all the paperwork to helping you cancel your old policy. View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies