GWM Steed: future value & depreciation
A GWM Steed (bakkie, on sale 2008–2024) sits in the Value / Emerging depreciation tier. Here is how a typical example bought new at around R 390 150 is projected to hold its value.
- Est. monthly*
- R 6 819
- Value in 3 years
- R 256 469
- Value retained
- 66%
*10% deposit · 72 months · ~11.75% p.a. Estimate only.
| After | Projected value | Value retained |
|---|---|---|
| New | R 390 150 | 100% |
| 1 year | R 323 825 | 83% |
| 2 years | R 291 442 | 75% |
| 3 years | R 256 469 | 66% |
| 4 years | R 233 387 | 60% |
| 5 years | R 212 382 | 54% |
Is the GWM Steed a good buy?
Whether it’s a smart purchase comes down to what you pay, how you finance it, and how well it holds value. In the Value / Emerging tier, the Steed is projected to keep about 66% of its value after three years — the point where many owners look to trade or settle. A bigger deposit and a small (or no) balloon keep you in positive equity sooner. Model your own deal in the equity calculator.
Frequently asked questions
How much will a GWM Steed be worth in 5 years?
Starting from a typical new price of about R 390 150, a GWM Steed is projected to be worth roughly R 212 382 after 5 years — about 54% of its value. This is an estimate based on GWM's Value / Emerging depreciation profile and the bakkie body type.
Does the GWM Steed hold its value well?
It sits in our "Value / Emerging" tier. Bakkies and SUVs from strong brands tend to hold value better in South Africa, while EVs and luxury models depreciate faster. Use the calculator to see equity against your own deposit, term and balloon.
How is this future value estimated?
We apply a make-and-body depreciation curve to a representative new price. Real resale prices vary with condition, mileage, spec and the market — treat these as estimates, not a quote.
Estimates only — not financial advice. Figures use representative pricing and generalised depreciation; verify with a registered dealer or finance provider.