2024 Chevrolet Silverado 1500: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Chevrolet Silverado 1500 costs $52,802 to own over 5 years, or $880/month. The biggest expenses are depreciation ($19,148) and insurance ($11,580).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$52,802
$880/month • $1/mile
Cost Breakdown
Depreciation$19,148 (36%)
Insurance$11,580 (22%)
Fuel/Energy$11,550 (22%)
Maintenance$3,710 (7%)
Financing$6,455 (12%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $7,276 | $2,316 | $2,310 | $742 | $12,644 |
| Year 2 | $2,968 | $2,316 | $2,310 | $742 | $8,336 |
| Year 3 | $2,968 | $2,316 | $2,310 | $742 | $8,336 |
| Year 4 | $2,968 | $2,316 | $2,310 | $742 | $8,336 |
| Year 5 | $2,968 | $2,316 | $2,310 | $742 | $8,336 |
Key Facts
1-Year Depreciation
19% ($7,276)
5-Year Depreciation
50% ($19,148)
Annual Repair Cost
$988
Annual Maintenance
$742
These are estimates based on state averages. Your exact rate depends on your specific profile.
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