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Cost to Own

2024 GMC HUMMER EV SUV Cost to Own

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A 2024 GMC HUMMER EV SUV will depreciate $49,644 after 5 years and have a 5-year residual value of $30,751. With out of pocket expenses at $52,477, the total Cost to Own of the 2024 GMC HUMMER EV SUV is $102,121.

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Miles Driven / Year
Average Costs

The 2024 GMC HUMMER EV SUV is in the middle 26-75% for Cost to Own among all Luxury Full-size SUV/Crossovers.

5-Year Cost to Own: $102,121

What Does Cost to Own Include?

Fuel
Out of Pocket Expenses $52,477
5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.
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Depreciation
Depreciation (Loss in Value) $49,644
The car's estimated loss in value from the purchase date over 5 years.
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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.

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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 HUMMER EV SUV photo
2024 GMC HUMMER EV SUV

Cost to Own: $102,121

MSRP: $80,395

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Compare Out of Pocket Expenses

New 2024
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GMC HUMMER EV SUV
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Total Out of Pocket Expenses
$52,477
-
-
Fuel
$10,125
-
-
Maintenance
$3,228
-
-
Insurance
$17,160
-
-
Repairs
$1,973
-
-
Financing
$10,189
-
-
State Fees
$9,802
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-

Compare 5-Year Depreciation

2024 GMC HUMMER EV SUV
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5-year Cost to Own Breakdown

2024 GMC HUMMER EV SUV
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Fuel
$1,927
$1,976
$2,025
$2,074
$2,123
$10,125
Insurance
$3,432
$3,432
$3,432
$3,432
$3,432
$17,160
Financing
$3,536
$2,824
$2,076
$1,290
$463
$10,189
State Fees
$6,968
$1,205
$863
$506
$260
$9,802
Maintenance
$425
$686
$487
$1,140
$490
$3,228
Repairs
-
-
$455
$759
$759
$1,973
Depreciation
$30,128
$5,527
$4,985
$4,381
$4,623
$49,644
Cost To Own
$46,416
$15,650
$14,323
$13,582
$12,150
$102,121
2024 GMC HUMMER EV SUV 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:$49,644
5-Year Out of Pocket Expenses:$52,477
5-Year Cost to Own:$102,121
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FAQs

As of May 2025 insuring a GMC HUMMER EV SUV 2024 will cost approximately $17,160 dollars to insure per year, or $1,430 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 May 2025 average annual maintenance costs for a GMC HUMMER EV SUV 2024 run about $645 dollars, totaling approximately $3,228 dollars over five years.

As of May 2025 average annual depreciation for a GMC HUMMER EV SUV 2024 runs about $9,928 dollars, totaling approximately $49,644 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 HUMMER EV SUV 2024 can be expected to depreciate around $49,644 dollars over the course of 5 years, averaging $9,928 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 HUMMER EV SUV 2024 run about $645 dollars or $3,228 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.

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