Used 2019 Chevrolet Silverado 3500HD Cost to Own

Total 5-Year Ownership Costs

Silverado 3500HD Crew Cab

LTZ 4dr Crew Cab 4WD SB (6.0L 8cyl 6A)

True Cost to Own

$63,339*

Total Cash Price

$54,176

LTZ 4dr Crew Cab 4WD LB DRW (6.0L 8cyl 6A)

True Cost to Own

$68,022*

Total Cash Price

$60,923

LTZ 4dr Crew Cab 4WD LB (6.0L 8cyl 6A)

True Cost to Own

$65,706*

Total Cash Price

$58,256

High Country 4dr Crew Cab 4WD LB (6.0L 8cyl 6A)

True Cost to Own

$64,952*

Total Cash Price

$56,968

High Country 4dr Crew Cab 4WD SB (6.0L 8cyl 6A)

True Cost to Own

$67,986*

Total Cash Price

$62,129

Work Truck 4dr Crew Cab 4WD LB (6.0L 8cyl 6A)

True Cost to Own

$56,855*

Total Cash Price

$43,621

High Country 4dr Crew Cab 4WD LB DRW (6.0L 8cyl 6A)

True Cost to Own

$67,655*

Total Cash Price

$60,280

Work Truck 4dr Crew Cab 4WD LB DRW (6.0L 8cyl 6A)

True Cost to Own

$56,895*

Total Cash Price

$42,407

LT 4dr Crew Cab 4WD LB DRW (6.0L 8cyl 6A)

True Cost to Own

$61,880*

Total Cash Price

$50,870

LTZ 4dr Crew Cab LB (6.0L 8cyl 6A)

True Cost to Own

$59,681*

Total Cash Price

$51,371

High Country 4dr Crew Cab LB DRW (6.0L 8cyl 6A)

True Cost to Own

$62,539*

Total Cash Price

$54,352

LTZ 4dr Crew Cab SB (6.0L 8cyl 6A)

True Cost to Own

$59,629*

Total Cash Price

$51,172

LT 4dr Crew Cab SB (6.0L 8cyl 6A)

True Cost to Own

$58,065*

Total Cash Price

$48,562

LT 4dr Crew Cab 4WD SB (6.0L 8cyl 6A)

True Cost to Own

$60,967*

Total Cash Price

$50,575

Work Truck 4dr Crew Cab LB (6.0L 8cyl 6A)

True Cost to Own

$53,794*

Total Cash Price

$41,583

Work Truck 4dr Crew Cab 4WD SB (6.0L 8cyl 6A)

True Cost to Own

$57,182*

Total Cash Price

$44,179

LTZ 4dr Crew Cab LB DRW (6.0L 8cyl 6A)

True Cost to Own

$62,930*

Total Cash Price

$55,614

LT 4dr Crew Cab 4WD LB (6.0L 8cyl 6A)

True Cost to Own

$60,772*

Total Cash Price

$50,263

LT 4dr Crew Cab LB DRW (6.0L 8cyl 6A)

True Cost to Own

$56,510*

Total Cash Price

$44,331

LT 4dr Crew Cab LB (6.0L 8cyl 6A)

True Cost to Own

$57,121*

Total Cash Price

$46,700

Work Truck 4dr Crew Cab SB (6.0L 8cyl 6A)

True Cost to Own

$54,492*

Total Cash Price

$42,771

High Country 4dr Crew Cab LB (6.0L 8cyl 6A)

True Cost to Own

$61,483*

Total Cash Price

$53,841

Work Truck 4dr Crew Cab LB DRW (6.0L 8cyl 6A)

True Cost to Own

$57,439*

Total Cash Price

$46,499

High Country 4dr Crew Cab SB (6.0L 8cyl 6A)

True Cost to Own

$62,874*

Total Cash Price

$56,210

Ownership Costs: 5-Year Total

Depreciation

$19,160

Taxes & Fees

$3,052

Financing

$9,849

Fuel

$17,815

Insurance

$4,449

Repairs

$2,190

Maintenance

$6,824

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LTZ 4dr Crew Cab 4WD SB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$838$863$889$916$943$4,449
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,868$46$46$46$46$3,052
Financing$3,369$2,722$2,024$1,272$462$9,849
Depreciation$6,490$3,635$3,262$3,000$2,773$19,160
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$17,572$13,004$12,548$10,403$9,812$63,339

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LTZ 4dr Crew Cab 4WD LB DRW (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$831$856$882$908$935$4,412
Maintenance$512$2,328$2,658$934$1,148$7,580
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,218$46$46$46$46$3,402
Financing$3,789$3,060$2,276$1,431$519$11,075
Depreciation$7,300$4,088$3,668$3,374$3,118$21,548
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$19,145$14,166$13,577$10,928$10,206$68,022

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LTZ 4dr Crew Cab 4WD LB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$832$857$883$909$936$4,417
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,080$46$46$46$46$3,264
Financing$3,623$2,926$2,177$1,368$497$10,591
Depreciation$6,980$3,909$3,508$3,226$2,982$20,605
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$18,522$13,476$12,941$10,718$10,049$65,706

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab High Country 4dr Crew Cab 4WD LB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$833$858$884$910$938$4,423
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,013$46$46$46$46$3,197
Financing$3,543$2,862$2,128$1,338$485$10,356
Depreciation$6,825$3,822$3,430$3,154$2,916$20,147
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$18,221$13,326$12,815$10,617$9,973$64,952

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab High Country 4dr Crew Cab 4WD SB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$833$858$884$910$938$4,423
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,281$46$46$46$46$3,465
Financing$3,864$3,121$2,321$1,459$530$11,295
Depreciation$7,444$4,169$3,741$3,440$3,180$21,974
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$19,429$13,932$13,319$11,024$10,282$67,986

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab Work Truck 4dr Crew Cab 4WD LB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$785$809$833$858$884$4,169
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,319$46$46$46$46$2,503
Financing$2,713$2,191$1,630$1,024$372$7,930
Depreciation$5,225$2,926$2,626$2,415$2,232$15,424
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$15,049$11,710$11,462$9,512$9,122$56,855

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab High Country 4dr Crew Cab 4WD LB DRW (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$833$858$884$910$938$4,423
Maintenance$512$2,328$2,658$934$1,148$7,580
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,185$46$46$46$46$3,369
Financing$3,749$3,028$2,252$1,415$514$10,958
Depreciation$7,223$4,045$3,629$3,338$3,085$21,320
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$18,997$14,093$13,516$10,878$10,171$67,655

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab Work Truck 4dr Crew Cab 4WD LB DRW (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$785$809$833$858$884$4,169
Maintenance$512$2,328$2,658$934$1,148$7,580
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,256$46$46$46$46$2,440
Financing$2,637$2,131$1,584$996$361$7,709
Depreciation$5,079$2,844$2,552$2,347$2,170$14,992
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$14,764$11,946$11,720$9,416$9,049$56,895

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LT 4dr Crew Cab 4WD LB DRW (6.0L 8cyl 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$512$2,328$2,658$934$1,148$7,580
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,696$46$46$46$46$2,880
Financing$3,164$2,555$1,900$1,195$434$9,248
Depreciation$6,094$3,413$3,062$2,816$2,603$17,988
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$16,748$12,941$12,548$10,086$9,557$61,880

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LTZ 4dr Crew Cab LB (6.0L 8cyl 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$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,722$46$46$46$46$2,906
Financing$3,195$2,580$1,920$1,206$438$9,339
Depreciation$6,154$3,446$3,093$2,844$2,629$18,166
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$16,560$12,165$11,993$9,760$9,203$59,681

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab High Country 4dr Crew Cab LB DRW (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$838$863$889$916$943$4,449
Maintenance$512$2,202$2,780$934$1,148$7,576
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,877$46$46$46$46$3,061
Financing$3,380$2,731$2,030$1,276$464$9,881
Depreciation$6,512$3,646$3,272$3,009$2,782$19,221
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$17,324$12,962$12,730$10,067$9,456$62,539

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LTZ 4dr Crew Cab SB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$784$808$832$857$882$4,163
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,712$46$46$46$46$2,896
Financing$3,182$2,571$1,912$1,201$437$9,303
Depreciation$6,130$3,433$3,081$2,833$2,619$18,096
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$16,525$12,156$11,986$9,757$9,205$59,629

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LT 4dr Crew Cab SB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$779$802$826$851$877$4,135
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,576$46$46$46$46$2,760
Financing$3,020$2,440$1,814$1,140$414$8,828
Depreciation$5,817$3,258$2,923$2,688$2,485$17,171
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$15,909$11,844$11,724$9,545$9,043$58,065

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LT 4dr Crew Cab 4WD SB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$790$814$838$863$889$4,194
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,681$46$46$46$46$2,865
Financing$3,145$2,541$1,889$1,188$431$9,194
Depreciation$6,059$3,393$3,045$2,800$2,588$17,885
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$16,682$12,532$12,145$10,066$9,542$60,967

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab Work Truck 4dr Crew Cab LB (6.0L 8cyl 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$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,213$46$46$46$46$2,397
Financing$2,586$2,089$1,553$977$354$7,559
Depreciation$4,980$2,789$2,503$2,302$2,128$14,702
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$14,243$10,991$11,009$8,961$8,590$53,794

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab Work Truck 4dr Crew Cab 4WD SB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$785$809$833$858$884$4,169
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,348$46$46$46$46$2,532
Financing$2,747$2,220$1,650$1,038$376$8,031
Depreciation$5,292$2,963$2,659$2,446$2,261$15,621
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$15,179$11,776$11,515$9,557$9,155$57,182

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LTZ 4dr Crew Cab LB DRW (6.0L 8cyl 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$512$2,202$2,780$934$1,148$7,576
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,942$46$46$46$46$3,126
Financing$3,459$2,793$2,078$1,306$474$10,110
Depreciation$6,663$3,731$3,348$3,079$2,847$19,668
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$17,553$13,041$12,784$10,095$9,457$62,930

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LT 4dr Crew Cab 4WD LB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$788$812$836$861$887$4,184
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,664$46$46$46$46$2,848
Financing$3,126$2,525$1,878$1,180$428$9,137
Depreciation$6,021$3,372$3,026$2,783$2,572$17,774
Fuel$3,355$3,456$3,560$3,667$3,777$17,815
True Cost to Own®$16,606$12,493$12,113$10,039$9,521$60,772

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LT 4dr Crew Cab LB DRW (6.0L 8cyl 6A)

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$512$2,202$2,780$934$1,148$7,576
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,356$46$46$46$46$2,540
Financing$2,757$2,227$1,656$1,041$378$8,059
Depreciation$5,310$2,974$2,668$2,454$2,268$15,674
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$14,952$11,759$11,724$9,248$8,827$56,510

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab LT 4dr Crew Cab LB (6.0L 8cyl 6A)

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$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,479$46$46$46$46$2,663
Financing$2,904$2,346$1,745$1,096$399$8,490
Depreciation$5,594$3,133$2,811$2,585$2,390$16,513
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$15,501$11,654$11,573$9,429$8,964$57,121

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab Work Truck 4dr Crew Cab SB (6.0L 8cyl 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$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,275$46$46$46$46$2,459
Financing$2,660$2,149$1,597$1,005$364$7,775
Depreciation$5,123$2,869$2,574$2,367$2,189$15,122
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$14,522$11,131$11,124$9,054$8,661$54,492

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab High Country 4dr Crew Cab LB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$838$863$889$916$943$4,449
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,850$46$46$46$46$3,034
Financing$3,348$2,705$2,012$1,264$459$9,788
Depreciation$6,450$3,612$3,242$2,981$2,756$19,041
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$17,203$12,524$12,304$10,027$9,425$61,483

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab Work Truck 4dr Crew Cab LB DRW (6.0L 8cyl 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$512$2,202$2,780$934$1,148$7,576
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,469$46$46$46$46$2,653
Financing$2,892$2,336$1,737$1,092$396$8,453
Depreciation$5,570$3,119$2,799$2,574$2,379$16,441
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$15,395$11,946$11,867$9,348$8,883$57,439

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Silverado 3500HD Crew Cab High Country 4dr Crew Cab SB (6.0L 8cyl 6A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$838$863$889$916$943$4,449
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,973$46$46$46$46$3,157
Financing$3,496$2,823$2,100$1,320$480$10,219
Depreciation$6,734$3,771$3,384$3,112$2,877$19,878
Fuel$3,075$3,167$3,262$3,360$3,461$16,325
True Cost to Own®$17,758$12,801$12,534$10,214$9,567$62,874

*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 2019 Chevrolet Silverado 3500HD in Virginia is:

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