Used 2016 Chevrolet Silverado 1500 Cost to Own

Total 5-Year Ownership Costs

Silverado 1500 Double Cab

LT 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$47,308*

Total Cash Price

$32,917

Z71 LT 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$48,340*

Total Cash Price

$34,361

LT 4dr Double Cab SB (4.3L 6cyl 6A)

True Cost to Own

$44,647*

Total Cash Price

$30,526

LTZ 4dr Double Cab 4WD SB (5.3L 8cyl 8A)

True Cost to Own

$50,805*

Total Cash Price

$36,661

Custom 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$45,103*

Total Cash Price

$30,008

Work Truck 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$43,585*

Total Cash Price

$27,766

Custom 4dr Double Cab SB (4.3L 6cyl 6A)

True Cost to Own

$42,755*

Total Cash Price

$28,048

Work Truck 4dr Double Cab SB (4.3L 6cyl 6A)

True Cost to Own

$41,286*

Total Cash Price

$25,921

LS 4dr Double Cab SB (4.3L 6cyl 6A)

True Cost to Own

$42,010*

Total Cash Price

$26,944

LS 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$44,619*

Total Cash Price

$29,220

Z71 LTZ 4dr Double Cab 4WD SB (5.3L 8cyl 8A)

True Cost to Own

$52,389*

Total Cash Price

$38,876

LTZ 4dr Double Cab SB (5.3L 8cyl 8A)

True Cost to Own

$48,985*

Total Cash Price

$35,421

Silverado 1500 Crew Cab

LT 4dr Crew Cab 5.8 ft. SB (4.3L 6cyl 6A)

True Cost to Own

$46,325*

Total Cash Price

$32,743

LT 4dr Crew Cab 4WD 5.8 ft. SB (4.3L 6cyl 6A)

True Cost to Own

$49,970*

Total Cash Price

$36,587

Z71 LT 4dr Crew Cab 4WD 5.8 ft. SB (4.3L 6cyl 6A)

True Cost to Own

$50,390*

Total Cash Price

$37,093

LS 4dr Crew Cab 4WD 5.8 ft. SB (4.3L 6cyl 6A)

True Cost to Own

$47,832*

Total Cash Price

$33,853

LTZ 4dr Crew Cab 4WD 5.8 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$53,498*

Total Cash Price

$40,421

Z71 LTZ 4dr Crew Cab 4WD 5.8 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$54,005*

Total Cash Price

$41,091

LTZ 4dr Crew Cab 5.8 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$50,254*

Total Cash Price

$37,257

High Country 4dr Crew Cab 4WD 5.8 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$56,990*

Total Cash Price

$44,983

LT 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 6A)

True Cost to Own

$50,723*

Total Cash Price

$36,516

LT 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 6A)

True Cost to Own

$48,302*

Total Cash Price

$34,530

LS 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 6A)

True Cost to Own

$44,965*

Total Cash Price

$29,795

LTZ 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$53,424*

Total Cash Price

$40,316

Z71 LTZ 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$54,285*

Total Cash Price

$41,487

Z71 LT 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 6A)

True Cost to Own

$51,570*

Total Cash Price

$37,556

High Country 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$54,178*

Total Cash Price

$42,507

High Country 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$57,420*

Total Cash Price

$45,592

High Country 4dr Crew Cab 5.8 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$54,186*

Total Cash Price

$42,517

LS 4dr Crew Cab 5.8 ft. SB (4.3L 6cyl 6A)

True Cost to Own

$44,676*

Total Cash Price

$30,553

LS 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 6A)

True Cost to Own

$48,849*

Total Cash Price

$34,379

LTZ 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 8A)

True Cost to Own

$50,439*

Total Cash Price

$37,518

Work Truck 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 6A)

True Cost to Own

$45,166*

Total Cash Price

$30,162

Work Truck 4dr Crew Cab 4WD 5.8 ft. SB (4.3L 6cyl 6A)

True Cost to Own

$46,707*

Total Cash Price

$31,963

Work Truck 4dr Crew Cab 5.8 ft. SB (4.3L 6cyl 6A)

True Cost to Own

$43,651*

Total Cash Price

$29,107

Work Truck 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 6A)

True Cost to Own

$48,659*

Total Cash Price

$33,834

Silverado 1500 Regular Cab

Work Truck 2dr Regular Cab LB (4.3L 6cyl 6A)

True Cost to Own

$39,060*

Total Cash Price

$23,302

LT 2dr Regular Cab LB (4.3L 6cyl 6A)

True Cost to Own

$42,487*

Total Cash Price

$27,864

Z71 LT 2dr Regular Cab 4WD LB (4.3L 6cyl 6A)

True Cost to Own

$47,094*

Total Cash Price

$32,855

LT 2dr Regular Cab SB (4.3L 6cyl 6A)

True Cost to Own

$43,525*

Total Cash Price

$29,329

Work Truck 2dr Regular Cab 4WD LB (4.3L 6cyl 6A)

True Cost to Own

$41,968*

Total Cash Price

$26,071

Work Truck 2dr Regular Cab SB (4.3L 6cyl 6A)

True Cost to Own

$38,806*

Total Cash Price

$22,874

LS 2dr Regular Cab LB (4.3L 6cyl 6A)

True Cost to Own

$39,901*

Total Cash Price

$24,489

Z71 LT 2dr Regular Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$46,376*

Total Cash Price

$31,841

LT 2dr Regular Cab 4WD LB (4.3L 6cyl 6A)

True Cost to Own

$43,408*

Total Cash Price

$27,890

LT 2dr Regular Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$45,925*

Total Cash Price

$31,444

LS 2dr Regular Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$43,044*

Total Cash Price

$27,547

Work Truck 2dr Regular Cab 4WD SB (4.3L 6cyl 6A)

True Cost to Own

$39,651*

Total Cash Price

$22,756

LS 2dr Regular Cab 4WD LB (4.3L 6cyl 6A)

True Cost to Own

$42,337*

Total Cash Price

$26,594

LS 2dr Regular Cab SB (4.3L 6cyl 6A)

True Cost to Own

$39,858*

Total Cash Price

$24,360

Ownership Costs: 5-Year Total

Depreciation

$15,591

Taxes & Fees

$1,947

Financing

$5,984

Fuel

$9,299

Insurance

$4,179

Repairs

$3,694

Maintenance

$6,614

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab LT 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$787$811$835$860$886$4,179
Maintenance$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,763$46$46$46$46$1,947
Financing$2,047$1,654$1,229$773$281$5,984
Depreciation$6,262$2,733$2,429$2,180$1,987$15,591
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$14,081$8,504$8,460$8,331$7,932$47,308

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab Z71 LT 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$789$813$837$862$888$4,189
Maintenance$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,838$46$46$46$46$2,022
Financing$2,137$1,726$1,284$807$293$6,247
Depreciation$6,537$2,853$2,535$2,276$2,074$16,275
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$14,523$8,698$8,623$8,463$8,033$48,340

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab LT 4dr Double Cab SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$745$767$790$814$839$3,955
Maintenance$937$838$1,211$1,843$1,780$6,609
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,639$46$46$46$46$1,823
Financing$1,898$1,534$1,140$717$260$5,549
Depreciation$5,806$2,534$2,252$2,022$1,842$14,456
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$13,183$8,004$7,872$8,040$7,548$44,647

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab LTZ 4dr Double Cab 4WD SB (5.3L 8cyl 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$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,958$46$46$46$46$2,142
Financing$2,280$1,842$1,369$861$313$6,665
Depreciation$6,975$3,045$2,705$2,429$2,213$17,367
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$15,370$9,200$9,033$8,829$8,373$50,805

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab Custom 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$760$783$806$830$855$4,034
Maintenance$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,612$46$46$46$46$1,796
Financing$1,866$1,508$1,121$704$256$5,455
Depreciation$5,708$2,491$2,214$1,987$1,811$14,211
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$13,168$8,088$8,108$8,039$7,700$45,103

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab Work Truck 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$773$796$820$845$870$4,104
Maintenance$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,496$46$46$46$46$1,680
Financing$1,727$1,395$1,037$652$237$5,048
Depreciation$5,280$2,305$2,048$1,838$1,675$13,146
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$12,498$7,802$7,872$7,853$7,560$43,585

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab Custom 4dr Double Cab SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$719$741$763$786$809$3,818
Maintenance$937$838$1,211$1,843$1,780$6,609
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,510$46$46$46$46$1,694
Financing$1,744$1,409$1,048$659$239$5,099
Depreciation$5,334$2,328$2,069$1,857$1,692$13,280
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$12,402$7,647$7,570$7,789$7,347$42,755

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab Work Truck 4dr Double Cab SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$726$748$770$793$817$3,854
Maintenance$937$838$1,211$1,843$1,780$6,609
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,400$46$46$46$46$1,584
Financing$1,612$1,302$969$608$221$4,712
Depreciation$4,929$2,151$1,912$1,716$1,564$12,272
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$11,762$7,370$7,341$7,604$7,209$41,286

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab LS 4dr Double Cab SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$726$748$770$793$817$3,854
Maintenance$937$838$1,211$1,843$1,780$6,609
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,453$46$46$46$46$1,637
Financing$1,676$1,353$1,007$632$230$4,898
Depreciation$5,124$2,236$1,987$1,784$1,626$12,757
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$12,074$7,506$7,454$7,696$7,280$42,010

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab LS 4dr Double Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$774$797$821$846$871$4,109
Maintenance$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,571$46$46$46$46$1,755
Financing$1,817$1,468$1,092$686$249$5,312
Depreciation$5,557$2,426$2,155$1,935$1,763$13,836
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$12,941$7,997$8,035$7,985$7,661$44,619

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab Z71 LTZ 4dr Double Cab 4WD SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$803$827$852$877$904$4,263
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$2,073$46$46$46$46$2,257
Financing$2,418$1,953$1,452$913$331$7,067
Depreciation$7,397$3,229$2,869$2,576$2,347$18,418
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$16,048$9,498$9,283$9,031$8,529$52,389

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Double Cab LTZ 4dr Double Cab SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$774$797$821$846$871$4,109
Maintenance$975$920$1,250$1,883$1,839$6,867
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,893$46$46$46$46$2,077
Financing$2,203$1,779$1,323$832$302$6,439
Depreciation$6,739$2,941$2,614$2,346$2,138$16,778
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$14,829$8,857$8,579$8,646$8,074$48,985

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LT 4dr Crew Cab 5.8 ft. SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$765$788$812$836$861$4,062
Maintenance$937$838$1,211$1,843$1,780$6,609
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,754$46$46$46$46$1,938
Financing$2,036$1,645$1,223$769$279$5,952
Depreciation$6,229$2,719$2,416$2,169$1,976$15,509
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$13,879$8,321$8,141$8,261$7,723$46,325

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LT 4dr Crew Cab 4WD 5.8 ft. SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$799$823$848$873$899$4,242
Maintenance$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,954$46$46$46$46$2,138
Financing$2,275$1,838$1,367$859$312$6,651
Depreciation$6,961$3,038$2,700$2,424$2,209$17,332
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$15,211$9,005$8,882$8,674$8,198$49,970

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab Z71 LT 4dr Crew Cab 4WD 5.8 ft. SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$811$835$860$886$913$4,305
Maintenance$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,980$46$46$46$46$2,164
Financing$2,307$1,863$1,386$871$316$6,743
Depreciation$7,058$3,080$2,737$2,457$2,239$17,571
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$15,378$9,084$8,950$8,732$8,246$50,390

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LS 4dr Crew Cab 4WD 5.8 ft. SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$761$784$807$832$857$4,041
Maintenance$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,812$46$46$46$46$1,996
Financing$2,105$1,701$1,265$795$288$6,154
Depreciation$6,440$2,811$2,498$2,242$2,043$16,034
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$14,340$8,602$8,537$8,387$7,966$47,832

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LTZ 4dr Crew Cab 4WD 5.8 ft. SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$806$830$855$881$907$4,279
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$2,153$46$46$46$46$2,337
Financing$2,514$2,030$1,510$950$344$7,348
Depreciation$7,692$3,357$2,983$2,678$2,440$19,150
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$16,522$9,706$9,458$9,174$8,638$53,498

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab Z71 LTZ 4dr Crew Cab 4WD 5.8 ft. SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$812$836$861$887$914$4,310
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$2,188$46$46$46$46$2,372
Financing$2,555$2,065$1,535$965$350$7,470
Depreciation$7,820$3,413$3,033$2,722$2,481$19,469
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$16,732$9,803$9,539$9,239$8,692$54,005

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LTZ 4dr Crew Cab 5.8 ft. SB (5.3L 8cyl 8A)

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$975$920$1,250$1,883$1,839$6,867
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,989$46$46$46$46$2,173
Financing$2,317$1,872$1,391$875$318$6,773
Depreciation$7,089$3,094$2,749$2,468$2,249$17,649
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$15,383$9,097$8,776$8,804$8,194$50,254

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab High Country 4dr Crew Cab 4WD 5.8 ft. SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$855$881$907$934$962$4,539
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$2,390$46$46$46$46$2,574
Financing$2,797$2,260$1,681$1,056$384$8,178
Depreciation$8,561$3,737$3,320$2,981$2,716$21,315
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$17,960$10,367$10,018$9,636$9,009$56,990

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LT 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$804$828$853$879$905$4,269
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,950$46$46$46$46$2,134
Financing$2,271$1,834$1,364$858$311$6,638
Depreciation$6,948$3,032$2,695$2,419$2,204$17,298
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$15,330$9,183$9,022$8,821$8,367$50,723

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LT 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$764$787$811$835$860$4,057
Maintenance$975$920$1,250$1,883$1,839$6,867
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,847$46$46$46$46$2,031
Financing$2,147$1,735$1,290$811$294$6,277
Depreciation$6,569$2,867$2,548$2,287$2,084$16,355
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$14,547$8,729$8,470$8,555$8,001$48,302

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LS 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 6A)

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$975$920$1,250$1,883$1,839$6,867
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,601$46$46$46$46$1,785
Financing$1,853$1,497$1,113$699$255$5,417
Depreciation$5,667$2,473$2,198$1,973$1,798$14,109
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$13,108$8,100$7,946$8,132$7,679$44,965

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LTZ 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$806$830$855$881$907$4,279
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$2,148$46$46$46$46$2,332
Financing$2,507$2,026$1,506$946$344$7,329
Depreciation$7,672$3,348$2,975$2,671$2,434$19,100
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$16,490$9,693$9,446$9,163$8,632$53,424

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab Z71 LTZ 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$812$836$861$887$914$4,310
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$2,208$46$46$46$46$2,392
Financing$2,580$2,084$1,550$974$354$7,542
Depreciation$7,895$3,446$3,062$2,749$2,505$19,657
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$16,852$9,855$9,583$9,275$8,720$54,285

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab Z71 LT 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$825$850$875$901$929$4,380
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$2,004$46$46$46$46$2,188
Financing$2,336$1,886$1,403$882$320$6,827
Depreciation$7,146$3,119$2,771$2,488$2,267$17,791
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$15,668$9,344$9,159$8,936$8,463$51,570

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab High Country 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$807$831$856$882$908$4,284
Maintenance$975$920$1,250$1,883$1,839$6,867
Repairs$493$570$667$779$907$3,416
Taxes & Fees$2,261$46$46$46$46$2,445
Financing$2,643$2,136$1,588$998$362$7,727
Depreciation$8,089$3,531$3,137$2,817$2,566$20,140
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$17,020$9,838$9,402$9,319$8,599$54,178

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab High Country 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$855$881$907$934$962$4,539
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$2,422$46$46$46$46$2,606
Financing$2,835$2,291$1,703$1,070$389$8,288
Depreciation$8,677$3,787$3,365$3,021$2,753$21,603
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$18,146$10,448$10,085$9,690$9,051$57,420

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab High Country 4dr Crew Cab 5.8 ft. SB (5.3L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$807$831$856$882$908$4,284
Maintenance$975$920$1,250$1,883$1,839$6,867
Repairs$493$570$667$779$907$3,416
Taxes & Fees$2,262$46$46$46$46$2,446
Financing$2,644$2,136$1,588$999$362$7,729
Depreciation$8,091$3,532$3,138$2,817$2,567$20,145
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$17,024$9,839$9,403$9,320$8,600$54,186

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LS 4dr Crew Cab 5.8 ft. SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$747$769$792$816$841$3,965
Maintenance$937$838$1,211$1,843$1,780$6,609
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,640$46$46$46$46$1,824
Financing$1,900$1,535$1,141$718$260$5,554
Depreciation$5,812$2,536$2,254$2,023$1,844$14,469
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$13,194$8,009$7,877$8,044$7,552$44,676

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LS 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$736$758$781$804$828$3,907
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,839$46$46$46$46$2,023
Financing$2,138$1,727$1,284$808$293$6,250
Depreciation$6,541$2,855$2,537$2,277$2,075$16,285
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$14,611$8,829$8,712$8,554$8,143$48,849

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab LTZ 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 8A)

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$975$920$1,250$1,883$1,839$6,867
Repairs$493$570$667$779$907$3,416
Taxes & Fees$2,002$46$46$46$46$2,186
Financing$2,333$1,885$1,402$881$319$6,820
Depreciation$7,139$3,116$2,769$2,485$2,265$17,774
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$15,462$9,132$8,807$8,827$8,211$50,439

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab Work Truck 4dr Crew Cab 6.5 ft. SB (5.3L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$756$779$802$826$851$4,014
Maintenance$975$920$1,250$1,883$1,839$6,867
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,620$46$46$46$46$1,804
Financing$1,876$1,515$1,127$708$257$5,483
Depreciation$5,737$2,504$2,225$1,997$1,820$14,283
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$13,209$8,138$7,975$8,153$7,691$45,166

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab Work Truck 4dr Crew Cab 4WD 5.8 ft. SB (4.3L 6cyl 6A)

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$937$838$1,342$1,717$1,780$6,614
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,714$46$46$46$46$1,898
Financing$1,988$1,605$1,195$750$273$5,811
Depreciation$6,080$2,654$2,358$2,117$1,929$15,138
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$13,805$8,390$8,370$8,260$7,882$46,707

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab Work Truck 4dr Crew Cab 5.8 ft. SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$747$769$792$816$841$3,965
Maintenance$937$838$1,211$1,843$1,780$6,609
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,565$46$46$46$46$1,749
Financing$1,810$1,462$1,088$683$248$5,291
Depreciation$5,536$2,416$2,147$1,927$1,756$13,782
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$12,753$7,816$7,717$7,913$7,452$43,651

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Crew Cab Work Truck 4dr Crew Cab 4WD 6.5 ft. SB (5.3L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$773$796$820$845$870$4,104
Maintenance$975$920$1,381$1,757$1,839$6,872
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,811$46$46$46$46$1,995
Financing$2,104$1,700$1,264$794$289$6,151
Depreciation$6,437$2,809$2,496$2,241$2,042$16,025
Fuel$1,849$1,905$1,962$2,021$2,081$9,818
True Cost to Own®$14,482$8,794$8,690$8,545$8,148$48,659

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab Work Truck 2dr Regular Cab LB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$677$697$718$740$762$3,594
Maintenance$937$838$1,156$1,788$1,780$6,499
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,264$46$46$46$46$1,448
Financing$1,449$1,171$870$547$199$4,236
Depreciation$4,430$1,933$1,718$1,542$1,405$11,028
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$10,915$6,970$6,941$7,261$6,973$39,060

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab LT 2dr Regular Cab LB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$714$735$757$780$804$3,790
Maintenance$937$838$1,156$1,788$1,780$6,499
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,501$46$46$46$46$1,685
Financing$1,733$1,400$1,041$654$237$5,065
Depreciation$5,299$2,313$2,055$1,845$1,681$13,193
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$12,342$7,617$7,488$7,711$7,329$42,487

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab Z71 LT 2dr Regular Cab 4WD LB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$776$799$823$848$873$4,119
Maintenance$937$838$1,287$1,662$1,780$6,504
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,760$46$46$46$46$1,944
Financing$2,043$1,651$1,227$772$280$5,973
Depreciation$6,250$2,728$2,424$2,176$1,983$15,561
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$14,051$8,484$8,386$8,259$7,914$47,094

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab LT 2dr Regular Cab SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$714$735$757$780$804$3,790
Maintenance$937$838$1,156$1,788$1,780$6,499
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,577$46$46$46$46$1,761
Financing$1,824$1,473$1,096$689$250$5,332
Depreciation$5,578$2,435$2,163$1,942$1,770$13,888
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$12,788$7,812$7,651$7,843$7,431$43,525

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab Work Truck 2dr Regular Cab 4WD LB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$715$736$759$781$805$3,796
Maintenance$937$838$1,287$1,662$1,780$6,504
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,408$46$46$46$46$1,592
Financing$1,621$1,310$974$612$223$4,740
Depreciation$4,957$2,164$1,923$1,726$1,573$12,343
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$11,923$7,516$7,568$7,582$7,379$41,968

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab Work Truck 2dr Regular Cab SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$686$707$728$750$772$3,643
Maintenance$937$838$1,156$1,788$1,780$6,499
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,241$46$46$46$46$1,425
Financing$1,423$1,149$854$537$195$4,158
Depreciation$4,348$1,898$1,686$1,514$1,380$10,826
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$10,793$6,923$6,903$7,233$6,954$38,806

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab LS 2dr Regular Cab LB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$677$697$718$740$762$3,594
Maintenance$937$838$1,156$1,788$1,780$6,499
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,325$46$46$46$46$1,509
Financing$1,523$1,230$915$575$209$4,452
Depreciation$4,656$2,032$1,806$1,621$1,477$11,592
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$11,276$7,128$7,074$7,368$7,055$39,901

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab Z71 LT 2dr Regular Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$776$799$823$848$873$4,119
Maintenance$937$838$1,287$1,662$1,780$6,504
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,707$46$46$46$46$1,891
Financing$1,980$1,600$1,189$748$271$5,788
Depreciation$6,057$2,644$2,349$2,109$1,922$15,081
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$13,742$8,349$8,273$8,168$7,844$46,376

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab LT 2dr Regular Cab 4WD LB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$744$766$789$813$837$3,949
Maintenance$937$838$1,287$1,662$1,780$6,504
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,502$46$46$46$46$1,686
Financing$1,734$1,402$1,041$655$238$5,070
Depreciation$5,304$2,315$2,057$1,847$1,683$13,206
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$12,506$7,789$7,799$7,778$7,536$43,408

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab LT 2dr Regular Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$744$766$789$813$837$3,949
Maintenance$937$838$1,287$1,662$1,780$6,504
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,687$46$46$46$46$1,871
Financing$1,955$1,580$1,175$738$268$5,716
Depreciation$5,981$2,611$2,320$2,082$1,898$14,892
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$13,589$8,263$8,196$8,096$7,781$45,925

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab LS 2dr Regular Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$721$743$765$788$811$3,828
Maintenance$937$838$1,287$1,662$1,780$6,504
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,484$46$46$46$46$1,668
Financing$1,713$1,384$1,029$647$235$5,008
Depreciation$5,239$2,286$2,032$1,824$1,662$13,043
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$12,379$7,719$7,738$7,722$7,486$43,044

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab Work Truck 2dr Regular Cab 4WD SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$721$743$765$788$811$3,828
Maintenance$937$838$1,287$1,662$1,780$6,504
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,235$46$46$46$46$1,419
Financing$1,415$1,143$850$535$194$4,137
Depreciation$4,326$1,888$1,678$1,506$1,372$10,770
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$10,919$7,080$7,205$7,292$7,155$39,651

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab LS 2dr Regular Cab 4WD LB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$715$736$759$781$805$3,796
Maintenance$937$838$1,287$1,662$1,780$6,504
Repairs$533$618$721$841$981$3,694
Taxes & Fees$1,435$46$46$46$46$1,619
Financing$1,654$1,336$993$625$227$4,835
Depreciation$5,057$2,207$1,961$1,761$1,604$12,590
Fuel$1,752$1,804$1,858$1,914$1,971$9,299
True Cost to Own®$12,083$7,585$7,625$7,630$7,414$42,337

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Silverado 1500 Regular Cab LS 2dr Regular Cab SB (4.3L 6cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$686$707$728$750$772$3,643
Maintenance$937$838$1,156$1,788$1,780$6,499
Repairs$493$570$667$779$907$3,416
Taxes & Fees$1,319$46$46$46$46$1,503
Financing$1,515$1,224$910$572$207$4,428
Depreciation$4,631$2,021$1,796$1,613$1,469$11,530
Fuel$1,665$1,715$1,766$1,819$1,874$8,839
True Cost to Own®$11,246$7,121$7,069$7,367$7,055$39,858

*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.



Edmunds Insurance Estimator

The Edmunds TCO® estimated monthly insurance payment for a 2016 Chevrolet Silverado 1500 in Virginia is:

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