Genesis GV70 Resale Value and Depreciation
See how much the Genesis GV70 depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Genesis GV70 depreciates 51.7 percent after five years, resulting in a resale value of $23,155. In comparison, the luxury compact SUV category, which the Genesis GV70 belongs to, loses 53.4 percent of its value after five years. For further context, the five-year depreciation for all SUVs is 49 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Genesis GV70 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Genesis GV70 sees a depreciation of 29 percent with a resale value of $34,047. Its 7-year depreciation is 64.6 percent and 10-year depreciation is 72.5 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Genesis GV70 depreciates 51.7 percent after five years, resulting in a resale value of $23,155. In comparison, the luxury compact SUV category, which the Genesis GV70 belongs to, loses 53.4 percent of its value after five years. For further context, the five-year depreciation for all SUVs is 49 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Genesis GV70 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Genesis GV70 sees a depreciation of 29 percent with a resale value of $34,047. Its 7-year depreciation is 64.6 percent and 10-year depreciation is 72.5 percent.
Genesis GV70 Depreciation After 3, 5, 7 and 10 Years
Genesis GV70 Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.2904680715 |
13938.1104109275 |
0.7095319285 |
34046.8895890725 |
|
5 Years |
0.5174511149 |
24829.8917484765 |
0.4825488851 |
23155.1082515235 |
|
7 Years |
0.6460773618 |
31002.022205973 |
0.3539226382 |
16982.977794027 |
|
10 Years |
0.7246488182 |
34772.273541327 |
0.2753511818 |
13212.726458673 |
Genesis GV70 Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Genesis GV70 |
0.2904680715 |
0.5174511149 |
0.6460773618 |
0.7246488182 |
|
All Luxury Compact SUVs |
0.3688549907483292 |
0.533920316044419 |
0.6611933118619727 |
0.7591881322055729 |
|
All SUVs |
0.330995001164211 |
0.4897264686520613 |
0.6004698500235992 |
0.7078944428085 |
|
All Cars |
0.3165179968413209 |
0.4545119881897068 |
0.5646277219298009 |
0.673588353813038 |
Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.