Used 2019 GMC Sierra 3500HD Cost to Own

Total 5-Year Ownership Costs

Sierra 3500HD Crew Cab

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

True Cost to Own

$66,249*

Total Cash Price

$57,831

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

True Cost to Own

$60,921*

Total Cash Price

$48,736

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

True Cost to Own

$64,794*

Total Cash Price

$55,691

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

True Cost to Own

$66,040*

Total Cash Price

$55,406

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

True Cost to Own

$70,185*

Total Cash Price

$61,416

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

True Cost to Own

$57,567*

Total Cash Price

$44,803

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

True Cost to Own

$61,298*

Total Cash Price

$51,159

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

True Cost to Own

$64,793*

Total Cash Price

$55,088

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

True Cost to Own

$67,630*

Total Cash Price

$57,956

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

True Cost to Own

$70,367*

Total Cash Price

$61,680

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

True Cost to Own

$67,494*

Total Cash Price

$58,116

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

True Cost to Own

$64,121*

Total Cash Price

$54,815

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

True Cost to Own

$73,920*

Total Cash Price

$67,435

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

True Cost to Own

$64,650*

Total Cash Price

$53,870

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

True Cost to Own

$61,486*

Total Cash Price

$50,995

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

True Cost to Own

$64,586*

Total Cash Price

$53,686

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

True Cost to Own

$71,341*

Total Cash Price

$64,614

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

True Cost to Own

$70,265*

Total Cash Price

$64,024

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

True Cost to Own

$75,453*

Total Cash Price

$69,814

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

True Cost to Own

$56,115*

Total Cash Price

$43,943

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

True Cost to Own

$70,159*

Total Cash Price

$63,863

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

True Cost to Own

$76,156*

Total Cash Price

$70,045

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

True Cost to Own

$56,170*

Total Cash Price

$43,764

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

True Cost to Own

$59,450*

Total Cash Price

$46,663

Ownership Costs: 5-Year Total

Depreciation

$25,118

Taxes & Fees

$3,242

Financing

$10,513

Fuel

$13,846

Insurance

$4,194

Repairs

$2,026

Maintenance

$7,310

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLE 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$790$814$838$863$889$4,194
Maintenance$512$2,069$2,647$934$1,148$7,310
Repairs$130$307$451$526$612$2,026
Taxes & Fees$3,058$46$46$46$46$3,242
Financing$3,596$2,906$2,160$1,358$493$10,513
Depreciation$8,736$4,797$4,264$3,831$3,490$25,118
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$19,430$13,625$13,173$10,408$9,613$66,249

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab 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$775$798$822$847$872$4,114
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,585$46$46$46$46$2,769
Financing$3,031$2,448$1,821$1,144$416$8,860
Depreciation$7,361$4,042$3,593$3,228$2,941$21,165
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$17,229$12,526$12,046$9,854$9,266$60,921

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLT 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$878$904$931$959$988$4,660
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,946$46$46$46$46$3,130
Financing$3,463$2,798$2,081$1,307$475$10,124
Depreciation$8,413$4,619$4,106$3,689$3,361$24,188
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$18,950$13,184$12,784$10,311$9,565$64,794

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab 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$807$831$856$882$908$4,284
Maintenance$512$2,195$2,525$934$1,148$7,314
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,932$46$46$46$46$3,116
Financing$3,446$2,783$2,070$1,301$472$10,072
Depreciation$8,370$4,596$4,085$3,670$3,344$24,065
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$19,032$13,693$13,066$10,488$9,761$66,040

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLE 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$2,195$2,525$934$1,148$7,314
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,244$46$46$46$46$3,428
Financing$3,819$3,086$2,294$1,442$524$11,165
Depreciation$9,278$5,095$4,529$4,068$3,707$26,677
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$20,649$14,520$13,760$11,053$10,203$70,185

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab 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$795$819$843$869$895$4,221
Maintenance$512$2,069$2,647$934$1,148$7,310
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,381$46$46$46$46$2,565
Financing$2,786$2,251$1,674$1,052$382$8,145
Depreciation$6,766$3,715$3,303$2,967$2,703$19,454
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$15,978$11,893$11,731$9,244$8,721$57,567

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLE 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$790$814$838$863$889$4,194
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,711$46$46$46$46$2,895
Financing$3,182$2,570$1,911$1,201$436$9,300
Depreciation$7,727$4,243$3,772$3,388$3,087$22,217
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$17,660$12,490$12,187$9,808$9,153$61,298

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLT 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$861$887$913$941$969$4,571
Maintenance$512$2,069$2,647$934$1,148$7,310
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,915$46$46$46$46$3,099
Financing$3,426$2,767$2,058$1,294$470$10,015
Depreciation$8,322$4,569$4,062$3,649$3,324$23,926
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$18,774$13,331$12,944$10,240$9,504$64,793

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLT 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$878$904$931$959$988$4,660
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,064$46$46$46$46$3,248
Financing$3,604$2,912$2,165$1,361$494$10,536
Depreciation$8,755$4,807$4,274$3,839$3,498$25,173
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$19,778$13,861$13,180$10,794$10,017$67,630

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLT 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$832$857$883$909$936$4,417
Maintenance$512$2,195$2,525$934$1,148$7,314
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,258$46$46$46$46$3,442
Financing$3,836$3,098$2,305$1,448$526$11,213
Depreciation$9,318$5,117$4,548$4,086$3,723$26,792
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$20,721$14,555$13,791$11,078$10,222$70,367

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLT 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$3,072$46$46$46$46$3,256
Financing$3,614$2,920$2,171$1,364$496$10,565
Depreciation$8,780$4,821$4,285$3,850$3,507$25,243
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$19,775$13,836$13,149$10,758$9,976$67,494

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLT 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$861$887$913$941$969$4,571
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,901$46$46$46$46$3,085
Financing$3,409$2,754$2,047$1,287$468$9,965
Depreciation$8,280$4,547$4,042$3,631$3,308$23,808
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$18,701$13,051$12,668$10,215$9,486$64,121

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab Denali 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$869$895$922$950$978$4,614
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,557$46$46$46$46$3,741
Financing$4,194$3,387$2,520$1,583$575$12,259
Depreciation$10,189$5,594$4,973$4,467$4,070$29,293
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$22,286$15,114$14,225$11,635$10,660$73,920

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLE 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$831$856$882$908$935$4,412
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,852$46$46$46$46$3,036
Financing$3,350$2,706$2,013$1,265$459$9,793
Depreciation$8,137$4,468$3,972$3,568$3,251$23,396
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$18,647$13,268$12,677$10,376$9,682$64,650

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLE 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$846$871$898$924$952$4,491
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,702$46$46$46$46$2,886
Financing$3,171$2,562$1,905$1,198$435$9,271
Depreciation$7,703$4,229$3,760$3,377$3,077$22,146
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$17,672$12,525$12,229$9,855$9,205$61,486

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab SLE 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$842$867$893$920$948$4,470
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,842$46$46$46$46$3,026
Financing$3,339$2,697$2,005$1,261$458$9,760
Depreciation$8,110$4,453$3,958$3,556$3,240$23,317
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$18,610$13,255$12,666$10,372$9,683$64,586

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab Denali 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$857$883$909$936$965$4,550
Maintenance$512$2,170$2,748$934$1,148$7,512
Repairs$130$307$451$526$612$2,026
Taxes & Fees$3,410$46$46$46$46$3,594
Financing$4,018$3,246$2,414$1,517$551$11,746
Depreciation$9,762$5,360$4,765$4,280$3,900$28,067
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$21,297$14,698$14,100$11,089$10,157$71,341

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab Denali 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$859$885$911$939$967$4,561
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$3,379$46$46$46$46$3,563
Financing$3,982$3,216$2,392$1,503$546$11,639
Depreciation$9,673$5,311$4,721$4,241$3,864$27,810
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$21,143$14,275$13,690$11,039$10,118$70,265

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab Denali 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$858$884$910$938$966$4,556
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,680$46$46$46$46$3,864
Financing$4,342$3,507$2,608$1,639$596$12,692
Depreciation$10,548$5,792$5,149$4,625$4,214$30,328
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$22,905$15,421$14,477$11,837$10,813$75,453

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab 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$722$744$766$789$813$3,834
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,336$46$46$46$46$2,520
Financing$2,733$2,207$1,642$1,032$375$7,989
Depreciation$6,636$3,644$3,239$2,910$2,651$19,080
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$15,677$11,458$11,313$9,087$8,580$56,115

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab Denali 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$859$885$911$939$967$4,561
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$3,371$46$46$46$46$3,555
Financing$3,972$3,208$2,386$1,499$545$11,610
Depreciation$9,648$5,298$4,709$4,231$3,855$27,741
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$21,100$14,254$13,672$11,025$10,108$70,159

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab Denali 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$869$895$922$950$978$4,614
Maintenance$512$2,195$2,525$934$1,148$7,314
Repairs$140$332$487$568$663$2,190
Taxes & Fees$3,692$46$46$46$46$3,876
Financing$4,356$3,519$2,617$1,644$598$12,734
Depreciation$10,583$5,811$5,166$4,641$4,228$30,429
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$22,977$15,708$14,760$11,870$10,841$76,156

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab 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$755$778$801$825$850$4,009
Maintenance$512$1,824$2,402$934$1,148$6,820
Repairs$130$307$451$526$612$2,026
Taxes & Fees$2,327$46$46$46$46$2,511
Financing$2,722$2,198$1,635$1,028$373$7,956
Depreciation$6,609$3,629$3,226$2,898$2,640$19,002
Fuel$2,608$2,686$2,767$2,850$2,935$13,846
True Cost to Own®$15,663$11,468$11,328$9,107$8,604$56,170

Ownership Costs: 5-Year Breakdown

Selected Model:

2019 Sierra 3500HD Crew Cab 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$759$782$805$829$854$4,029
Maintenance$512$1,950$2,280$934$1,148$6,824
Repairs$140$332$487$568$663$2,190
Taxes & Fees$2,477$46$46$46$46$2,661
Financing$2,902$2,344$1,743$1,096$398$8,483
Depreciation$7,048$3,870$3,440$3,090$2,816$20,264
Fuel$2,825$2,910$2,997$3,087$3,180$14,999
True Cost to Own®$16,663$12,234$11,798$9,650$9,105$59,450

*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 GMC Sierra 3500HD in Virginia is:

not available
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