How Much Is the Chevrolet Equinox: A Complete Guide to Pricing and Features

Are you thinking about getting a Chevrolet Equinox but unsure about the price? You’re not alone. Many people find themselves in the same boat, trying to balance budget with the features they want in a vehicle.

In this article, you’ll get a clear picture of what you can expect to pay for the Equinox. Whether you’re eyeing a new model or considering a used one, we’ll break down the costs and help you make an informed decision. By the end, you’ll have a better understanding of how the Equinox fits into your budget and lifestyle.

Key Takeaways

• Starting Price: The base model of the Chevrolet Equinox starts at approximately $27,000, offering essential features for budget-conscious buyers.
• Trim Levels: The Equinox presents various trims (LS, LT, and Premier), each with unique features and price points, ranging from around $27,000 to over $35,000.
• Fuel Efficiency: The Equinox has competitive fuel efficiency, averaging 26 MPG in the city and 31 MPG on the highway for the base model, which helps reduce overall ownership costs.
• Resale Value: Chevrolets retain a decent resale value, averaging around 45% after five years, which is favorable compared to several competitors.
• Warranty Coverage: The Chevrolet Equinox includes a solid warranty of 3 years/36,000 miles for basic coverage and 5 years/60,000 miles for powertrain, ensuring protection against defects.
• Ownership Costs: Consider annual maintenance and fuel costs, which range from $300 to $500 for maintenance and about $1,250 for fuel, providing transparent budgeting insights for potential owners.

Overview of the Chevrolet Equinox

The Chevrolet Equinox stands as a popular choice in the compact SUV segment. Its practical design, advanced technology, and safety features cater to diverse consumer needs.

Pricing Information

The average starting price for a new Chevrolet Equinox is around $27,000. This base model includes essential features, including a 1.5L turbocharged engine and standard safety packages. Higher trims, like the Premier, can exceed $35,000, offering luxury features such as leather upholstery and advanced driver assistance systems.

Fuel Efficiency

Fuel efficiency varies among the different Equinox models. For instance, the base engine offers approximately 26 miles per gallon in the city and 31 on the highway. Opting for the more powerful 2.0L turbocharged engine lowers the MPG slightly, averaging 22 city and 29 highway.

Trim Levels

The Equinox comes in multiple trims, each providing unique features:

• LS: Entry-level with essential technology.
• LT: Adds upgraded infotainment and comfort features.
• Premier: Includes luxury items like heated seats and premium audio.

Standard Features

Standard features enhance the driving experience:

• Infotainment System: Chevy Infotainment 3 includes a touchscreen display, Bluetooth connectivity, and smartphone integration.
• Safety Technology: Features like forward collision alert, lane keep assist, and automatic emergency braking promote safer driving.

Used vs. New Pricing

Used Chevrolet Equinox models present varying prices based on mileage and condition. A 2019 model averages around $22,000, while older models like the 2017 can fall as low as $15,000. Always consider condition, mileage, and history when buying used.

Resale Value

The Chevrolet Equinox maintains a decent resale value. Factors such as condition, mileage, and market trends impact overall value. Typically, you can expect around 45% of the original price after five years.

Warranty Coverage

Chevrolet offers a competitive warranty package:

• Basic Warranty: 3 years/36,000 miles.
• Powertrain Warranty: 5 years/60,000 miles.

This warranty enhances the value of your investment by ensuring protection against early defects.

Each aspect contributes to the overall value and appeal of the Chevrolet Equinox. Understanding these details allows you to make an informed decision on your potential purchase.

Pricing Breakdown

Understanding the pricing of the Chevrolet Equinox helps you make informed decisions. Below is a breakdown of the costs associated with different models.

Base Model MSRP

The starting Manufacturer’s Suggested Retail Price (MSRP) for the base model, the Equinox LS, is approximately $27,000. This pricing includes standard features like a 7-inch touchscreen, Apple CarPlay, Android Auto, and advanced safety technologies. With this model, you gain affordability combined with essential tech and safety elements.

Additional Trim Levels

The Chevrolet Equinox offers several trim levels, each varying in price and features:

• LT Trim: Starting around $28,500, the LT adds more amenities like a power-adjustable driver’s seat, additional USB ports, and enhanced audio system options.
• Premier Trim: Priced above $35,000, the Premier includes premium features such as leather upholstery, a panoramic sunroof, and advanced driver assistance systems.
• RS Trim: Also priced near $34,000, the RS focuses on sporty aesthetics with black exterior accents and upgraded interior elements.

These options allow you to choose the Equinox that fits your style and needs while considering your budget.

Cost of Ownership

The cost of owning a Chevrolet Equinox includes various expenses beyond just the purchase price. Understanding these costs helps you budget effectively.

Gas Mileage and Fuel Costs

The Chevrolet Equinox delivers reasonable fuel efficiency, which influences your overall ownership costs. The base engine provides around 26 miles per gallon (MPG) in the city and 31 MPG on the highway.

To estimate fuel costs, consider an average annual driving distance of 12,000 miles. With current fuel prices at approximately $3.50 per gallon, your yearly fuel expense might be around $1,250. This figure can vary based on driving habits, fuel prices, and vehicle condition.

Maintenance and Repair Expenses

Maintenance costs for the Equinox also contribute to its overall cost of ownership. Regular maintenance, including oil changes and tire rotations, can average between $300 and $500 per year.

Repair costs can fluctuate based on vehicle age and mileage. For example, a 2019 Equinox may incur repair expenses totaling around $500 annually, while older models might require more frequent maintenance.

Chevrolet’s warranty package also benefits owners. The basic warranty covers 3 years/36,000 miles, while the powertrain warranty extends to 5 years/60,000 miles. This coverage can reduce unexpected repair costs in the early years of ownership.

By being aware of these ownership costs, you can better prepare for budgeting when considering a Chevrolet Equinox.

Comparisons with Competitors

Understanding how the Chevrolet Equinox stacks up against its competitors helps you make informed choices. The compact SUV segment is competitive, with several models offering similar features and price points.

Similar Crossover Models

• Honda CR-V: Starting around $28,000, the CR-V is known for its spacious interior and high resale value. It offers excellent fuel efficiency, averaging 28 MPG in the city and 34 on the highway.
• Toyota RAV4: Priced from about $27,000, the RAV4 features strong reliability and a hybrid variant, which boosts fuel efficiency to approximately 41 MPG in the city. Safety ratings are consistently high.
• Ford Escape: Starting at approximately $27,500, the Escape provides sporty handling and various powertrains, including hybrid options, offering up to 44 MPG in the city.
• Nissan Rogue: With a starting price of around $28,000, the Rogue emphasizes cargo space and advanced safety features, boasting fuel economy of about 26 MPG in the city and 33 on the highway.

Value for Money Analysis

Comparing value for money reveals key insights into the Equinox’s competitive standing.

• Feature Comparisons: The Equinox LS includes standard tech like a 7-inch touchscreen and advanced safety features, providing more for the price compared to competitors’ base models, which often lack similar amenities.
• Resale Value: The Equinox maintains around 45% resale value after five years. This performance compares favorably against the CR-V and RAV4, typically holding 50% or higher.
• Warranty Coverage: The Chevrolet warranty package offers solid coverage with a basic warranty of 3 years/36,000 miles and a powertrain warranty of 5 years/60,000 miles. This coverage outshines many competitors that provide similar terms but may not include as comprehensive roadside assistance options.
• Ownership Costs: Annual maintenance costs for the Equinox average between $300 and $500, similar to other models in its class. Its fuel efficiency of around $1,250 yearly fuel expense aligns with averages for competing SUVs.

By weighing these factors against what competitors offer, you see how the Chevrolet Equinox presents a compelling case in terms of price, resale value, warranty, and overall cost of ownership.

Conclusion

Deciding whether the Chevrolet Equinox fits your budget is easier now that you have a clearer picture of its pricing and features. With a range of trims and options available you can find a model that suits both your needs and your wallet.

Whether you’re eyeing a new version with the latest tech or considering a used model for better savings there’s a lot to appreciate about the Equinox. Its solid resale value and competitive warranty also add to its appeal making it a smart choice in the compact SUV market.

Take your time to weigh your options and consider how the Equinox can enhance your driving experience and lifestyle. Happy car shopping!

Frequently Asked Questions

What is the starting price of a new Chevrolet Equinox?

The average starting price for a new Chevrolet Equinox is around $27,000. Higher trims, like the Premier, can exceed $35,000.

How much can I expect to pay for a used Chevrolet Equinox?

Prices for used Chevrolet Equinox models vary by mileage and condition. For instance, a 2019 model averages around $22,000, while older models like the 2017 can be priced as low as $15,000.

What features come with the base Equinox LS model?

The base Equinox LS model includes a 7-inch touchscreen, Apple CarPlay, Android Auto, and several advanced safety technologies, ensuring a good set of standard features.

How does the Equinox’s fuel efficiency compare?

The base engine of the Chevrolet Equinox offers approximately 26 MPG in the city and 31 MPG on the highway, making it a reasonably efficient compact SUV.

What is the warranty coverage for the Chevrolet Equinox?

Chevy offers a competitive warranty package for the Equinox: a basic warranty of 3 years/36,000 miles and a powertrain warranty of 5 years/60,000 miles.

What are some maintenance costs for the Chevrolet Equinox?

Annual maintenance costs for the Chevrolet Equinox typically range from $300 to $500. This can fluctuate based on the vehicle’s age and condition.

How does the Equinox’s resale value compare to competitors?

The Chevrolet Equinox maintains a decent resale value, typically around 45% of the original price after five years, which is favorable compared to many competitors.

What other compact SUVs are compared to the Equinox?

The Chevrolet Equinox is compared to other popular compact SUVs like the Honda CR-V, Toyota RAV4, Ford Escape, and Nissan Rogue, particularly noting its pricing and feature offerings.

What are the estimated yearly fuel expenses for owning an Equinox?

Based on average driving habits and current fuel prices, the estimated yearly fuel expense for the Chevrolet Equinox is around $1,250.

How does the Equinox balance budget with features?

The Chevrolet Equinox is noted for offering practical design and advanced technology at competitive prices, allowing buyers to balance their budgets with desired features effectively.