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2020 Chevrolet Traverse Cost to Own

Total 5-Year Ownership Costs

Near ZIP

Traverse SUV

LT Cloth 4dr SUV AWD (3.6L 6cyl 9A)

True Cost to Own

$49,922*

Total Cash Price

$38,415

LT Cloth 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$45,800*

Total Cash Price

$35,243

Premier 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$57,708*

Total Cash Price

$44,406

Premier 4dr SUV AWD (3.6L 6cyl 9A)

True Cost to Own

$48,548*

Total Cash Price

$37,358

High Country 4dr SUV AWD (3.6L 6cyl 9A)

True Cost to Own

$48,548*

Total Cash Price

$37,358

LT Leather 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$64,120*

Total Cash Price

$49,340

LS 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$47,632*

Total Cash Price

$36,653

RS 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$66,410*

Total Cash Price

$51,102

LT Leather 4dr SUV AWD (3.6L 6cyl 9A)

True Cost to Own

$50,838*

Total Cash Price

$39,120

L 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$55,418*

Total Cash Price

$42,644

LS 4dr SUV AWD (3.6L 6cyl 9A)

True Cost to Own

$55,876*

Total Cash Price

$42,996

High Country 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$48,090*

Total Cash Price

$37,005

RS 4dr SUV AWD (3.6L 6cyl 9A)

True Cost to Own

$53,128*

Total Cash Price

$40,882

LS Fleet 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$46,716*

Total Cash Price

$35,948

LT Fleet 4dr SUV AWD (3.6L 6cyl 9A)

True Cost to Own

$67,326*

Total Cash Price

$51,807

LT Fleet 4dr SUV (3.6L 6cyl 9A)

True Cost to Own

$47,632*

Total Cash Price

$36,653

LS Fleet 4dr SUV AWD (3.6L 6cyl 9A)

True Cost to Own

$50,380*

Total Cash Price

$38,767

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LT Cloth 4dr SUV AWD (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$768$796$823$852$882$4,121
Maintenance$502$880$709$2,126$2,615$6,831
Repairs$0$0$147$351$514$1,013
Taxes & Fees$1,693$45$45$45$45$1,872
Financing$2,066$1,662$1,230$770$278$6,005
Depreciation$4,565$3,868$3,660$4,292$4,067$20,453
Fuel$1,814$1,868$1,924$1,982$2,040$9,628
True Cost to Own®$11,408$9,119$8,537$10,417$10,441$49,922
Ownership Costs: 5-Year Total

Depreciation

$18,764

Taxes & Fees

$1,717

Financing

$5,509

Fuel

$8,833

Insurance

$3,781

Repairs

$929

Maintenance

$6,267

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LT Cloth 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$705$730$755$782$809$3,781
Maintenance$461$807$650$1,950$2,399$6,267
Repairs$0$0$135$322$472$929
Taxes & Fees$1,553$41$41$41$41$1,717
Financing$1,895$1,525$1,128$706$255$5,509
Depreciation$4,188$3,549$3,358$3,938$3,731$18,764
Fuel$1,664$1,714$1,765$1,818$1,872$8,833
True Cost to Own®$10,466$8,366$7,832$9,557$9,579$45,800

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV Premier 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$888$920$951$985$1,019$4,764
Maintenance$581$1,017$819$2,457$3,023$7,896
Repairs$0$0$170$406$595$1,171
Taxes & Fees$1,957$52$52$52$52$2,163
Financing$2,388$1,922$1,421$890$321$6,941
Depreciation$5,277$4,472$4,231$4,962$4,701$23,643
Fuel$2,097$2,160$2,224$2,291$2,359$11,130
True Cost to Own®$13,187$10,541$9,868$12,042$12,070$57,708

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV Premier 4dr SUV AWD (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$747$774$800$829$858$4,008
Maintenance$489$855$689$2,067$2,543$6,643
Repairs$0$0$143$341$500$985
Taxes & Fees$1,646$43$43$43$43$1,820
Financing$2,009$1,617$1,196$748$270$5,840
Depreciation$4,439$3,762$3,559$4,174$3,955$19,890
Fuel$1,764$1,817$1,871$1,927$1,984$9,363
True Cost to Own®$11,094$8,868$8,302$10,130$10,154$48,548

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV High Country 4dr SUV AWD (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$747$774$800$829$858$4,008
Maintenance$489$855$689$2,067$2,543$6,643
Repairs$0$0$143$341$500$985
Taxes & Fees$1,646$43$43$43$43$1,820
Financing$2,009$1,617$1,196$748$270$5,840
Depreciation$4,439$3,762$3,559$4,174$3,955$19,890
Fuel$1,764$1,817$1,871$1,927$1,984$9,363
True Cost to Own®$11,094$8,868$8,302$10,130$10,154$48,548

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LT Leather 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$987$1,022$1,057$1,095$1,133$5,293
Maintenance$645$1,130$910$2,730$3,359$8,774
Repairs$0$0$189$451$661$1,301
Taxes & Fees$2,174$57$57$57$57$2,404
Financing$2,653$2,135$1,579$988$357$7,713
Depreciation$5,863$4,969$4,701$5,513$5,223$26,270
Fuel$2,330$2,400$2,471$2,545$2,621$12,366
True Cost to Own®$14,652$11,712$10,965$13,380$13,411$64,120

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LS 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$733$759$785$813$841$3,932
Maintenance$479$839$676$2,028$2,495$6,518
Repairs$0$0$140$335$491$966
Taxes & Fees$1,615$43$43$43$43$1,786
Financing$1,971$1,586$1,173$734$265$5,729
Depreciation$4,356$3,691$3,492$4,096$3,880$19,515
Fuel$1,731$1,783$1,836$1,891$1,947$9,186
True Cost to Own®$10,885$8,701$8,145$9,939$9,962$47,632

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV RS 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,022$1,059$1,095$1,134$1,173$5,482
Maintenance$668$1,170$943$2,828$3,479$9,087
Repairs$0$0$196$467$684$1,347
Taxes & Fees$2,252$59$59$59$59$2,490
Financing$2,748$2,211$1,636$1,024$370$7,988
Depreciation$6,073$5,146$4,869$5,710$5,410$27,208
Fuel$2,413$2,485$2,559$2,636$2,714$12,808
True Cost to Own®$15,176$12,131$11,356$13,858$13,890$66,410

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LT Leather 4dr SUV AWD (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$783$810$838$868$898$4,197
Maintenance$512$896$722$2,165$2,663$6,956
Repairs$0$0$150$357$524$1,031
Taxes & Fees$1,724$46$46$46$46$1,906
Financing$2,103$1,693$1,252$784$283$6,115
Depreciation$4,649$3,939$3,727$4,371$4,141$20,828
Fuel$1,847$1,903$1,959$2,018$2,078$9,805
True Cost to Own®$11,617$9,286$8,694$10,608$10,633$50,838

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV L 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$853$883$914$946$979$4,575
Maintenance$558$976$787$2,360$2,903$7,583
Repairs$0$0$163$390$571$1,124
Taxes & Fees$1,879$50$50$50$50$2,078
Financing$2,293$1,845$1,365$854$309$6,666
Depreciation$5,067$4,294$4,063$4,765$4,515$22,704
Fuel$2,013$2,074$2,136$2,200$2,265$10,688
True Cost to Own®$12,664$10,123$9,477$11,564$11,591$55,418

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LS 4dr SUV AWD (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$860$891$921$954$987$4,613
Maintenance$562$985$793$2,379$2,927$7,646
Repairs$0$0$165$393$576$1,133
Taxes & Fees$1,895$50$50$50$50$2,095
Financing$2,312$1,861$1,376$861$311$6,721
Depreciation$5,109$4,330$4,097$4,804$4,552$22,892
Fuel$2,030$2,091$2,153$2,218$2,284$10,776
True Cost to Own®$12,769$10,207$9,555$11,660$11,686$55,876

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV High Country 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$740$767$793$821$849$3,970
Maintenance$484$847$683$2,048$2,519$6,580
Repairs$0$0$142$338$496$975
Taxes & Fees$1,631$43$43$43$43$1,803
Financing$1,990$1,601$1,184$741$268$5,784
Depreciation$4,397$3,726$3,526$4,135$3,918$19,702
Fuel$1,747$1,800$1,853$1,909$1,966$9,275
True Cost to Own®$10,989$8,784$8,224$10,035$10,058$48,090

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV RS 4dr SUV AWD (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$818$847$876$907$938$4,386
Maintenance$535$936$754$2,262$2,783$7,270
Repairs$0$0$157$374$548$1,078
Taxes & Fees$1,801$48$48$48$48$1,992
Financing$2,198$1,769$1,308$819$296$6,390
Depreciation$4,858$4,117$3,895$4,568$4,328$21,766
Fuel$1,930$1,988$2,047$2,109$2,172$10,246
True Cost to Own®$12,141$9,705$9,085$11,086$11,112$53,128

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LS Fleet 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$719$745$770$798$825$3,857
Maintenance$470$823$663$1,989$2,447$6,392
Repairs$0$0$138$328$481$948
Taxes & Fees$1,584$42$42$42$42$1,751
Financing$1,933$1,556$1,151$720$260$5,619
Depreciation$4,272$3,620$3,425$4,017$3,806$19,139
Fuel$1,697$1,748$1,800$1,854$1,909$9,010
True Cost to Own®$10,675$8,533$7,989$9,748$9,771$46,716

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LT Fleet 4dr SUV AWD (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,036$1,073$1,110$1,150$1,189$5,558
Maintenance$678$1,186$956$2,867$3,527$9,212
Repairs$0$0$198$473$694$1,366
Taxes & Fees$2,283$60$60$60$60$2,524
Financing$2,786$2,242$1,658$1,038$375$8,098
Depreciation$6,156$5,217$4,936$5,789$5,485$27,583
Fuel$2,446$2,520$2,595$2,672$2,752$12,985
True Cost to Own®$15,385$12,298$11,513$14,049$14,081$67,326

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LT Fleet 4dr SUV (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$733$759$785$813$841$3,932
Maintenance$479$839$676$2,028$2,495$6,518
Repairs$0$0$140$335$491$966
Taxes & Fees$1,615$43$43$43$43$1,786
Financing$1,971$1,586$1,173$734$265$5,729
Depreciation$4,356$3,691$3,492$4,096$3,880$19,515
Fuel$1,731$1,783$1,836$1,891$1,947$9,186
True Cost to Own®$10,885$8,701$8,145$9,939$9,962$47,632

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Traverse SUV LS Fleet 4dr SUV AWD (3.6L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$776$803$831$860$890$4,159
Maintenance$507$888$715$2,145$2,639$6,894
Repairs$0$0$149$354$519$1,022
Taxes & Fees$1,708$45$45$45$45$1,889
Financing$2,085$1,678$1,241$777$281$6,060
Depreciation$4,607$3,904$3,694$4,332$4,104$20,640
Fuel$1,830$1,885$1,942$2,000$2,059$9,716
True Cost to Own®$11,513$9,203$8,615$10,513$10,537$50,380

*Based on a 5-year estimate with 15,000 miles driven per year.

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True Cost To Own®

Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.

The components of TCO® are depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance, repairs and any federal tax credit that may be available. In order to estimate certain mileage-dependent costs, we assume that vehicles will be driven 15,000 miles per year. For a used vehicle, we calculate the years the vehicle has been driven using the nominal difference between the current calendar year and the vehicle's model year, and assume that it was driven 15,000 miles during each of those years.

Note that TCO® is a comparative tool, not a predictive tool — your actual five-year cost of owning a particular vehicle will vary depending on your personal circumstances, such as your driving history and the number of miles you drive.

How We Calculate True Cost to Own®

The True Cost to Own® calculations use the following set of assumptions:

  • Ownership expenses are estimated for a five-year period
  • You will drive 15,000 miles per year
  • You are financing the vehicle using traditional financing, not lease financing
  • You have an above-average credit rating for the purpose of determining your finance rate
  • You are making a 10% down payment on the vehicle at purchase
  • Your loan term is 60 months

Using proprietary formulas, we calculate the five-year costs for the seven cost categories that make up the TCO® (depreciation, insurance, financing, taxes & fees, fuel, maintenance and repairs). We also take into account any applicable federal tax credit.

Explanation of True Cost to Own® Terms

Total Cash Price

For new vehicles, the Total Cash Price displayed is the vehicle's True Market Value® (TMV®) price plus typically equipped options, destination charge, base tax and fees assessed by your state, and, if applicable, gas guzzler tax; less any widely available manufacturer-to-customer cash rebates. (However, we do not account for other types of cash rebates or incentives because of the variability of those offers and their eligibility requirements.) For used vehicles, the Total Cash Price shown is the sum of the vehicle's Private Party TMV® price in "clean" condition plus typically equipped options, and base tax and fees assessed by your state.

Depreciation

This is the amount by which the value of a vehicle declines from its purchase price to its estimated resale value. The purchase price employed is the vehicle's Total Cash Price, minus any taxes and fees included in that amount. We estimate the resale value assuming the vehicle will be in "clean" condition, will be driven 15,000 miles per year, and will be sold to a private party.

Insurance

This is the estimated average annual insurance premium in your state. The premium has been determined based on annual premium data for defined driver profiles and coverages (liability, comprehensive and collision) from a major national insurer. While this information is specific to vehicle make, model, model year and body type, your personal information is not taken into consideration and could greatly alter the actual premium quoted by an insurer. Factors that will affect your rate include your age, marital status, credit history, driving record, and the garaging address of your vehicle.

Financing

This is the interest expense on a loan in the amount of the Total Cash Price, assuming a 10% down payment and a loan term of 60 months. The interest rate used is the prevailing rate that banks and other direct automotive lenders are currently charging consumers in your geographic region who have above average credit scores.

Note: Even if you do not finance your vehicle, the inclusion of financing cost in determining True Cost to Own® is still appropriate because it reflects the estimated "opportunity cost" (i.e., the amount you may earn) if you invest the Purchase Price instead of using it to purchase the vehicle.

Taxes & Fees

This consists of the base sales (or use) taxes, license and registration fees in your state, and gas guzzler tax if applicable. These taxes and fees are often based on a percentage of the purchase price, and generally decrease as the vehicle ages and loses its value.

Note: the state sales/use tax rate that we use includes the average local and county taxes assessed in that state.

Fuel

This expense is based on the revised EPA mileage ratings, assuming consumption consists of 45% highway and 55% city driving and that the vehicle is equipped with the transmission that is standard equipment for that vehicle. Cost estimates are based on the current one-year moving average of self-service prices in your state, using regular unleaded gasoline for vehicles whose manufacturers require regular; premium unleaded gasoline for vehicles whose manufacturers recommend or require premium; or diesel fuel for diesel vehicles.

Maintenance

This is the estimated expense of the two types of maintenance: scheduled and unscheduled. Scheduled maintenance is the performance of factory-recommended items at periodic mileage and/or calendar intervals. Unscheduled maintenance includes wheel alignment and the replacement of items such as the battery, brakes, headlamps, hoses, exhaust system parts, taillight/turn signal bulbs, tires and wiper blades/inserts. Estimated tire replacement costs are supplied to Edmunds.com by The Tire Rack, Inc.

Repairs

This is the estimated expense for repairs not covered by the vehicle manufacturer's warranties over the five years from the date of purchase, assuming 15,000 miles are driven annually. We estimate this expense based on the cost of a typical "zero deductible" extended warranty for the vehicle, minus the estimated amount of that cost that consists of the warranty provider's overhead and profit.

Federal Tax Credits

This is the tax credit that is provided for under the Energy Policy Act of 2005. A tax credit is subtracted directly from the total amount of federal tax you owe. The tax credit is for electric fuel vehicles.

The credit is only available to the original purchaser of a new, qualifying vehicle, and is subject to certain "phase out" rules that we take into consideration when computing TCO®. If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.


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Edmunds Insurance Estimator

The Edmunds TCO® estimated monthly insurance payment for a 2020 Chevrolet Traverse in Virginia is:

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