Kelley Blue Book
HomeGMCGMC Canyon2024 GMC Canyon
Cost to Own

2024 GMC Canyon Cost to Own

Save this car
Write a Review

A 2024 GMC Canyon will depreciate $15,290 after 5 years and have a 5-year residual value of $22,605. With out of pocket expenses at $33,602, the total Cost to Own of the 2024 GMC Canyon is $48,892.

Style
Miles Driven / Year
Average Costs

The 2024 GMC Canyon is in the middle 26-75% for Cost to Own among all Mid-size Pickup Trucks.

5-Year Cost to Own: $48,892

What Does Cost to Own Include?

Fuel
Out of Pocket Expenses $33,602
5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.
See more details
Depreciation
Depreciation (Loss in Value) $15,290
The car's estimated loss in value from the purchase date over 5 years.
See more details

Out of Pocket + Depreciation = Cost to Own

When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.

Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.

Considering a 2024 GMC Canyon Crew Cab?
See Cars for SaleBuild & Price

Cost to Own Comparison

5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).

2024 GMC Canyon Crew Cab photo
2024 GMC Canyon Crew Cab

Cost to Own: $48,892

MSRP: $37,895

Compare These Cars
Add a car to compare cost to own data
Add a car to compare cost to own data

Compare Out of Pocket Expenses

New 2024
1 of 3
GMC Canyon Crew Cab
Add a car to compare cost to own data
Add a car to compare cost to own data
Total Out of Pocket Expenses
$33,602
-
-
Fuel
$7,163
-
-
Maintenance
$4,961
-
-
Insurance
$12,540
-
-
Repairs
$1,773
-
-
Financing
$4,465
-
-
State Fees
$2,700
-
-

Compare 5-Year Depreciation

2024 GMC Canyon Crew Cab
Add Vehicle
Add Vehicle

5-year Cost to Own Breakdown

2024 GMC Canyon Crew Cab
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Fuel
$1,523
$1,445
$1,406
$1,397
$1,392
$7,163
Insurance
$2,508
$2,508
$2,508
$2,508
$2,508
$12,540
Financing
$1,549
$1,238
$910
$565
$203
$4,465
State Fees
$2,576
$31
$31
$31
$31
$2,700
Maintenance
$550
$927
$710
$2,147
$627
$4,961
Repairs
-
-
$409
$682
$682
$1,773
Depreciation
$4,992
$3,250
$3,031
$2,369
$1,648
$15,290
Cost To Own
$13,698
$9,399
$9,005
$9,699
$7,091
$48,892
2024 GMC Canyon Crew Cab Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).
5-Year Depreciation:$15,290
5-Year Out of Pocket Expenses:$33,602
5-Year Cost to Own:$48,892
Is this information helpful?

FAQs

As of April 2025 insuring a GMC Canyon Crew Cab 2024 will cost approximately $12,540 dollars to insure per year, or $1,045 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of April 2025 average annual maintenance costs for a GMC Canyon Crew Cab 2024 run about $992 dollars, totaling approximately $4,961 dollars over five years.

As of April 2025 average annual depreciation for a GMC Canyon Crew Cab 2024 runs about $3,058 dollars, totaling approximately $15,290 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A GMC Canyon Crew Cab 2024 can be expected to depreciate around $15,290 dollars over the course of 5 years, averaging $3,058 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 GMC include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a GMC Canyon Crew Cab 2024 run about $992 dollars or $4,961 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 GMC.

Also from GMC

Advertisement