2024 GMC Sierra 1500: 5-Year Total Cost of Ownership
Quick Answer
The 2024 GMC Sierra 1500 costs $54,790 to own over 5 years, or $913/month. The biggest expenses are depreciation ($20,300) and insurance ($11,940).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$54,790
$913/month • $1/mile
Cost Breakdown
Depreciation$20,300 (37%)
Insurance$11,940 (22%)
Fuel/Energy$11,550 (21%)
Maintenance$3,740 (7%)
Financing$6,900 (13%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $7,714 | $2,388 | $2,310 | $748 | $13,160 |
| Year 2 | $3,147 | $2,388 | $2,310 | $748 | $8,593 |
| Year 3 | $3,147 | $2,388 | $2,310 | $748 | $8,593 |
| Year 4 | $3,147 | $2,388 | $2,310 | $748 | $8,593 |
| Year 5 | $3,147 | $2,388 | $2,310 | $748 | $8,593 |
Key Facts
1-Year Depreciation
19% ($7,714)
5-Year Depreciation
50% ($20,300)
Annual Repair Cost
$996
Annual Maintenance
$748
These are estimates based on state averages. Your exact rate depends on your specific profile.
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