Chevrolet Silverado

On average, the Chevrolet Silverado 1500 loses approximately 45.7% of its value in the first five years. Based on the depreciation curve and maintenance cost per mile, we place the ownership sweet spot for the Silverado as the 2005-2015 model years. To get at least five years in the sweet spot, do not buy anything older than 2009. Find the depreciation rate of your Chevrolet Silverado 1500 in the graph below. A vehicle starts losing value from the moment of purchase, and the Chevrolet Silverado 1500 is no different. You’ll see the greatest amount of depreciation during the first year after your purchase, but after that first 12-month period, your vehicle will depreciate more slowly each year until it hits the five-year mark. Different makes and models depreciate at varying rates, though, so knowing the depreciation rate of a specific vehicle can help you understand its long-term value and total cost of ownership. Keep in mind that just because the vehicle costs the least to own in the sweet spot we have outlined here, you still may not want to own the vehicle during these depreciation sweet spot years. Although vehicles depreciate less as they get older, they have more repairs. Duh right? However, keep in mind that repairs don’t just cost you money, they cost you time. Reliability is the difference between being able to make it to your destination on time or missing an opportunity because the car broke down. Check out our article on the best and worst years of the Chevrolet Silverado to see our reliability ratings for all years of the Silverado between 2001-2021. We also cover MPG, safety ratings, and a number of other factors. We pulled data from Silverados registered in our app and surveyed owners to get you data-backed answers on just how good or bad each year of the Silverado is. If you want to know the depreciation and maintenance costs for your particular vehicle, use our free “Total Cost of Ownership” tool available in the FIXD App – Android or IOS. If you like our online tools and articles consider purchasing our FIXD sensor for $19.99 (this is 67% OFF). It’s our flagship product. With it, you scan your car for common engine problems. If our sensor detects any problems with the engine, our app will clearly explain:

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FIXD Automotive, Inc. is hiring for this role on CareerPlace.

Apply on the company website through FIXD Automotive, Inc..

Imported from employer careers page. Source ref: b90542ac75f4.