Used 2019 Chevrolet Colorado Cost to Own

Total 5-Year Ownership Costs

Colorado Crew Cab

Z71 4dr Crew Cab 4WD 5.1 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$46,709*

Total Cash Price

$37,050

Work Truck 4dr Crew Cab 5.1 ft. SB (2.5L 4cyl 6A)

True Cost to Own

$38,269*

Total Cash Price

$27,823

LT 4dr Crew Cab 4WD 5.1 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$45,155*

Total Cash Price

$34,780

LT 4dr Crew Cab 5.1 ft. SB (2.5L 4cyl 6A)

True Cost to Own

$40,522*

Total Cash Price

$30,996

ZR2 4dr Crew Cab 4WD 5.1 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$51,347*

Total Cash Price

$41,804

Z71 4dr Crew Cab 4WD 6.2 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$46,551*

Total Cash Price

$37,343

Z71 4dr Crew Cab 5.1 ft. SB (2.5L 4cyl 6A)

True Cost to Own

$42,181*

Total Cash Price

$33,391

Work Truck 4dr Crew Cab 4WD 5.1 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$42,739*

Total Cash Price

$31,746

LT 4dr Crew Cab 4WD 6.2 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$44,960*

Total Cash Price

$34,978

Z71 4dr Crew Cab 6.2 ft.SB (3.6L 6cyl 8A)

True Cost to Own

$43,366*

Total Cash Price

$33,840

LT 4dr Crew Cab 6.2 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$41,639*

Total Cash Price

$31,362

Work Truck 4dr Crew Cab 6.2 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$39,297*

Total Cash Price

$28,158

Work Truck 4dr Crew Cab 4WD 6.2 ft. SB (3.6L 6cyl 8A)

True Cost to Own

$42,761*

Total Cash Price

$31,776

Colorado Extended Cab

Work Truck 4dr Extended Cab 4WD SB (2.5L 4cyl 6A)

True Cost to Own

$39,915*

Total Cash Price

$28,774

Work Truck 4dr Extended Cab SB w/Prod. End 12/18 (2.5L 4cyl 6M)

True Cost to Own

$35,995*

Total Cash Price

$24,523

4dr Extended Cab SB w/Prod. End 12/18 (2.5L 4cyl 6M)

True Cost to Own

$33,035*

Total Cash Price

$20,164

Z71 4dr Extended Cab 4WD SB (2.5L 4cyl 6A)

True Cost to Own

$43,635*

Total Cash Price

$34,551

LT 4dr Extended Cab SB (2.5L 4cyl 6A)

True Cost to Own

$38,458*

Total Cash Price

$28,285

ZR2 4dr Extended Cab 4WD SB (3.6L 6cyl 8A)

True Cost to Own

$49,628*

Total Cash Price

$39,786

LT 4dr Extended Cab 4WD SB (2.5L 4cyl 6A)

True Cost to Own

$42,073*

Total Cash Price

$32,290

Z71 4dr Extended Cab SB (2.5L 4cyl 6A)

True Cost to Own

$40,640*

Total Cash Price

$31,310

4dr Extended Cab SB (2.5L 4cyl 6A)

True Cost to Own

$33,363*

Total Cash Price

$20,842

Work Truck 4dr Extended Cab SB (2.5L 4cyl 6A)

True Cost to Own

$35,517*

Total Cash Price

$24,006

Ownership Costs: 5-Year Total

Depreciation

$16,336

Taxes & Fees

$2,162

Financing

$6,735

Fuel

$9,299

Insurance

$4,603

Repairs

$2,190

Maintenance

$5,384

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab Z71 4dr Crew Cab 4WD 5.1 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$867$893$920$947$976$4,603
Maintenance$491$1,440$1,526$704$1,223$5,384
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,978$46$46$46$46$2,162
Financing$2,304$1,861$1,384$870$316$6,735
Depreciation$6,636$2,812$2,511$2,281$2,096$16,336
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$14,168$9,188$8,732$7,330$7,291$46,709

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab Work Truck 4dr Crew Cab 5.1 ft. SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$751$774$797$821$845$3,988
Maintenance$468$1,299$1,625$712$1,111$5,215
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,499$46$46$46$46$1,683
Financing$1,730$1,398$1,039$654$237$5,058
Depreciation$4,981$2,111$1,885$1,712$1,573$12,262
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$11,073$7,494$7,449$6,125$6,128$38,269

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab LT 4dr Crew Cab 4WD 5.1 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$863$889$916$943$971$4,582
Maintenance$491$1,440$1,526$704$1,223$5,384
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,860$46$46$46$46$2,044
Financing$2,163$1,747$1,299$817$297$6,323
Depreciation$6,228$2,640$2,357$2,141$1,967$15,333
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$13,497$8,898$8,489$7,133$7,138$45,155

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab LT 4dr Crew Cab 5.1 ft. SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$772$795$819$844$869$4,099
Maintenance$468$1,299$1,625$712$1,111$5,215
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,663$46$46$46$46$1,847
Financing$1,928$1,557$1,158$728$264$5,635
Depreciation$5,550$2,352$2,100$1,908$1,753$13,663
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$12,025$7,915$7,805$6,418$6,359$40,522

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab ZR2 4dr Crew Cab 4WD 5.1 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$867$893$920$947$976$4,603
Maintenance$491$1,605$1,691$704$1,223$5,714
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,225$46$46$46$46$2,409
Financing$2,600$2,100$1,562$981$357$7,600
Depreciation$7,488$3,174$2,834$2,574$2,365$18,435
Fuel$1,958$2,017$2,077$2,140$2,204$10,396
True Cost to Own®$15,769$10,167$9,617$7,960$7,834$51,347

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab Z71 4dr Crew Cab 4WD 6.2 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$800$824$849$874$900$4,247
Maintenance$491$1,440$1,526$704$1,223$5,384
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,993$46$46$46$46$2,177
Financing$2,322$1,876$1,395$877$319$6,789
Depreciation$6,688$2,835$2,531$2,299$2,112$16,465
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$14,186$9,157$8,692$7,282$7,234$46,551

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab Z71 4dr Crew Cab 5.1 ft. SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$780$803$828$852$878$4,141
Maintenance$468$1,299$1,625$712$1,111$5,215
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,788$46$46$46$46$1,972
Financing$2,077$1,677$1,247$784$285$6,070
Depreciation$5,979$2,534$2,263$2,056$1,888$14,720
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$12,736$8,225$8,066$6,630$6,524$42,181

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab Work Truck 4dr Crew Cab 4WD 5.1 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$794$818$842$868$894$4,216
Maintenance$491$1,440$1,526$704$1,223$5,384
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,702$46$46$46$46$1,886
Financing$1,974$1,595$1,186$745$271$5,771
Depreciation$5,684$2,409$2,151$1,954$1,795$13,993
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$12,537$8,444$8,096$6,799$6,863$42,739

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab LT 4dr Crew Cab 4WD 6.2 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$801$825$850$875$902$4,253
Maintenance$491$1,440$1,526$704$1,223$5,384
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,870$46$46$46$46$2,054
Financing$2,175$1,757$1,307$821$299$6,359
Depreciation$6,264$2,655$2,371$2,153$1,978$15,421
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$13,493$8,859$8,445$7,081$7,082$44,960

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab Z71 4dr Crew Cab 6.2 ft.SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$777$800$824$849$875$4,125
Maintenance$491$1,322$1,647$704$1,147$5,311
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,811$46$46$46$46$1,995
Financing$2,104$1,700$1,265$794$289$6,152
Depreciation$6,060$2,568$2,293$2,083$1,914$14,918
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$13,038$8,458$8,292$6,821$6,757$43,366

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab LT 4dr Crew Cab 6.2 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$767$790$814$838$863$4,072
Maintenance$491$1,322$1,647$704$1,147$5,311
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,682$46$46$46$46$1,866
Financing$1,950$1,576$1,172$736$267$5,701
Depreciation$5,615$2,380$2,125$1,931$1,773$13,824
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$12,300$8,136$8,021$6,600$6,582$41,639

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab Work Truck 4dr Crew Cab 6.2 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$733$755$778$801$825$3,892
Maintenance$491$1,322$1,647$704$1,147$5,311
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,516$46$46$46$46$1,700
Financing$1,751$1,415$1,052$661$240$5,119
Depreciation$5,041$2,136$1,908$1,733$1,592$12,410
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$11,327$7,696$7,648$6,290$6,336$39,297

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Crew Cab Work Truck 4dr Crew Cab 4WD 6.2 ft. SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$794$818$842$868$894$4,216
Maintenance$491$1,440$1,526$704$1,223$5,384
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,704$46$46$46$46$1,888
Financing$1,976$1,596$1,188$746$271$5,777
Depreciation$5,690$2,411$2,153$1,956$1,797$14,007
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$12,547$8,447$8,100$6,802$6,865$42,761

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab Work Truck 4dr Extended Cab 4WD SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$834$859$885$911$939$4,428
Maintenance$468$1,392$1,478$712$1,187$5,237
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,548$46$46$46$46$1,732
Financing$1,789$1,446$1,075$676$245$5,231
Depreciation$5,151$2,183$1,949$1,771$1,627$12,681
Fuel$1,585$1,633$1,682$1,732$1,784$8,416
True Cost to Own®$11,515$7,891$7,602$6,416$6,491$39,915

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab Work Truck 4dr Extended Cab SB w/Prod. End 12/18 (2.5L 4cyl 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$732$754$777$800$824$3,887
Maintenance$468$1,336$1,600$712$1,179$5,295
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,322$41$41$41$41$1,486
Financing$1,525$1,232$916$576$209$4,458
Depreciation$4,390$1,860$1,661$1,509$1,386$10,806
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$10,081$7,089$7,052$5,818$5,955$35,995

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab 4dr Extended Cab SB w/Prod. End 12/18 (2.5L 4cyl 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$729$751$773$797$820$3,870
Maintenance$468$1,336$1,600$712$1,179$5,295
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,096$41$41$41$41$1,260
Financing$1,254$1,013$753$474$172$3,666
Depreciation$3,608$1,529$1,365$1,240$1,139$8,881
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$8,799$6,536$6,589$5,444$5,667$33,035

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab Z71 4dr Extended Cab 4WD SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$800$824$849$874$900$4,247
Maintenance$468$1,392$1,478$712$1,187$5,237
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,848$46$46$46$46$2,032
Financing$2,149$1,735$1,291$811$295$6,281
Depreciation$6,187$2,622$2,342$2,127$1,954$15,232
Fuel$1,585$1,633$1,682$1,732$1,784$8,416
True Cost to Own®$13,177$8,584$8,175$6,870$6,829$43,635

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab LT 4dr Extended Cab SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$742$764$787$811$835$3,939
Maintenance$468$1,274$1,600$712$1,111$5,165
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,518$41$41$41$41$1,682
Financing$1,759$1,421$1,057$664$241$5,142
Depreciation$5,064$2,146$1,917$1,741$1,599$12,467
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$11,195$7,512$7,459$6,149$6,143$38,458

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab ZR2 4dr Extended Cab 4WD SB (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$800$824$849$874$900$4,247
Maintenance$491$1,605$1,691$704$1,223$5,714
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,120$46$46$46$46$2,304
Financing$2,474$1,999$1,486$935$339$7,233
Depreciation$7,126$3,020$2,697$2,450$2,251$17,544
Fuel$1,958$2,017$2,077$2,140$2,204$10,396
True Cost to Own®$15,109$9,843$9,333$7,717$7,626$49,628

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab LT 4dr Extended Cab 4WD SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$793$817$841$867$893$4,211
Maintenance$468$1,392$1,478$712$1,187$5,237
Repairs$140$332$487$568$663$2,190
Taxes & Fees$1,731$46$46$46$46$1,915
Financing$2,008$1,622$1,207$758$275$5,870
Depreciation$5,782$2,450$2,188$1,988$1,826$14,234
Fuel$1,585$1,633$1,682$1,732$1,784$8,416
True Cost to Own®$12,507$8,292$7,929$6,671$6,674$42,073

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab Z71 4dr Extended Cab SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$768$791$815$839$864$4,077
Maintenance$468$1,274$1,600$712$1,111$5,165
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,675$41$41$41$41$1,839
Financing$1,947$1,573$1,170$735$267$5,692
Depreciation$5,607$2,376$2,122$1,928$1,771$13,804
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$12,109$7,921$7,805$6,435$6,370$40,640

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab 4dr Extended Cab SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$729$751$773$797$820$3,870
Maintenance$468$1,274$1,600$712$1,111$5,165
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,131$41$41$41$41$1,295
Financing$1,296$1,047$779$489$178$3,789
Depreciation$3,729$1,581$1,411$1,282$1,178$9,181
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$8,997$6,560$6,661$5,501$5,644$33,363

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Colorado Extended Cab Work Truck 4dr Extended Cab SB (2.5L 4cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$732$754$777$800$824$3,887
Maintenance$468$1,274$1,600$712$1,111$5,165
Repairs$130$307$451$526$612$2,026
Taxes & Fees$1,296$41$41$41$41$1,460
Financing$1,493$1,206$897$563$205$4,364
Depreciation$4,297$1,821$1,626$1,477$1,357$10,578
Fuel$1,514$1,559$1,606$1,654$1,704$8,037
True Cost to Own®$9,930$6,962$6,998$5,773$5,854$35,517

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

Shop nowLearn about the 2019 Colorado 

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.



Edmunds Insurance Estimator

The Edmunds TCO® estimated monthly insurance payment for a 2019 Chevrolet Colorado in Virginia is:

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