zzdcar
Home
/
Reviews
/
Trucks
/
How The 2014 Chevy Silverado Is The Cheapest New Truck To Own
How The 2014 Chevy Silverado Is The Cheapest New Truck To Own-May 2024
2024-02-19 EST 22:13:27

It's a bold claim, to be sure. But established automotive analysis outfits concur that the will have the lowest "ownership cost" of any new truck you can buy in America, almost any way you crunch the numbers.

Vincentric, which provides analysis for several valuation firms including NADA Guides, announced Chevrolet is the "Best Value Truck Brand in America." So what does that mean?

They tabulate depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost (loss of interest earnings that could be earned with the funds spent on a new vehicle), and estimated repairs. They then approve their "the Best Value in America" award by comparing those measures with a vehicle's market price.

As their President David Wurster says; "our statistical analysis used over 1,000 pickup truck configurations to identify the best value truck line in the United States."

Tired of all this number-talk already? Take a quick break in the Arizona mountains.

But Vincentric isn't the only data farming game in town, so who agrees with them?

Kelley Blue Book compiles state fees, insurance, repairs, maintenance, financing, and deprecation to spit back their own 5-year ownership cost report. And it's a , too! They assume 15,000 miles per year and a 2.65% APR over a 60 month loan with a $4,381.40 down payment.

Their "best in class" display for full-size half ton trucks had GM pretty much running the board:

Here's where work trucks from other brands land on their scale:

Bottom-trim trucks are fine for fleet and business buyers, but what about the fancier stuff you're more apt to actually want to spend time in? Silverado is still the leanest in four-door upper trim pickups:

Edmunds' is particularly proud of their own set of formulas that create what they call a "True Cost to Own"— a five-year estimate based on depreciation, insurance, financing, taxes & fees, fuel, maintenance and repairs, and any applicable tax credits.

They assume 15,000 miles of annual driving, "traditional financing" (not leasing) over a 60 month term with an "above average" credit score and 10% down payment. Unfortunately, they do not provide a sexy infographic.

Edmunds is still a year behind with the Ram and Titan, but the Silverado is the cheapest on their abacus too:

Edmunds "True Cost to Own" Over Five Years
2014 Chevrolet Silverado 1500 Crew Cab LTZ$58,089.00
2013 Ram 1500 Crew Cab Laramie$60,946.00
2014 Toyota Tundra CrewMax Limited$63,165.00
2014 Ford F-150 SuperCrew Lariat
$63,198.00
2013 Nissan Titan Crew Cab SL$69,637.00

There might be some discrepancies over trims and option packages, but I tried to get these trucks as close to their equivalents as the calculators would allow. Basically, upper-trim full four-door 4WD V8 trucks with leather. For the sake of consistency, they're all measured in the 12543 zip code. Location and buyer's credit rating will of course affect running costs of just about anything.

I know many of you will lament the absence of the Ram EcoDiesel, but I am sad to report there doesn't seem to be any long-term ownership cost data available for it yet.

To help you get a better idea of where these valuations are coming from, here's how each firm I queried broke down their calculation on the five-year running costs of a 2014 Chevrolet Silverado 1500 LTZ Crew Cab 4WD V8:

2014 Chevrolet Silverado 1500 LTZ Crew Cab 4WD V8

Year 1Year 2Year 3Year 4Year 5After 5 Years
Depreciation$9,151.00$3729$3175$3049$2898$22002
Fees & Taxes$2,477.00$147$153$133$140$3050
Financing$913.00$722$525$323$115$2598
Insurance$1,426.00$1408$1390$1373$1356$6953
Fuel$2,737.00$2834$2935$3039$3147$14692
Maintenance$61.00$308$2910$632$451$4362
Opportunity Cost$74.00$104$149$183$216$726
Repairs$0.00$0$287$594$736$1617
Yearly Total$16,839.00$9252$11525$9326$9060$56002

***

2014 Chevrolet Silverado 1500 LTZ Crew Cab 4WD V8

Five-Year Ownership Totals
"Fair Purchase Price"$43,814.00
Fuel$15,544.00
Insurance$7,075.00
Financing$2,714.00
State Fees$3,913.00
Maintenance$2,352.00
Repairs$2,190.00
Deprecation$18,403.00
Total 5-Year Cost To Own$52,191.00

(Kelley Blue Book doesn't provide a by-year analysis)

***

2014 Chevrolet Silverado 1500 LTZ Crew Cab 4WD V8

Year 1Year 2Year 3Year 4Year 5After 5 Years
Depreciation$9,475.00$2748$2418$2144$1922$18707
Taxes & Fees$3,513.00$21$84$21$84$3723
Financing$1,298.00$1030$752$464$166$3710
Fuel$2,943.00$3031$3122$3216$3312$15624
Insurance$2,253.00$2332$2413$2498$2585$12081
Maintenance$39.00$448$349$2003$683$3522
Repairs$0.00$0$106$251$365$722
Tax Credit$0.00



$0
True Cost to Own ®$19,521.00$9610$9244$10597$9117$58089

***

I'd love to know how that compares to what pickup owners are actually seeing, and hear about what other factors that might be missing from the calculations above. If anyone sees the scales tipped another way at different trim levels, I'd be interested to learn about that as well.

But based on what the more reputable brands in automotive market analysis are saying, the 2014 Silverado is the cheapest truck on the market right now for buyers who will run it for the next five years.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Trucks
Deer Flies Directly Into Pickup As Its Prospective Buyer Arrives
Deer Flies Directly Into Pickup As Its Prospective Buyer Arrives
No square inch of the Northeast is safe from deer, as video out of New Jersey shows. A deer, tearing through the suburbs, managed to leap over a Pontiac Vibe and Honda CR-V before landing on the bedside of a 2007 Chevy Silverado — just as a prospective buyer arrived...
May 4, 2025
The Nissan Navara Was The Overdue Frontier We Deserved A Decade Ago
The Nissan Navara Was The Overdue Frontier We Deserved A Decade Ago
gets dunked on for letting models like the languish for years. But, the truck saw a model update well before the release of the , which is mechanically much like an with a design. Outside of the U.S., the successor to the second-generation Frontier came in 2014 with the...
May 4, 2025
The 2025 Ram 1500 Ramcharger Is The Hybrid Truck America Probably Needs
The 2025 Ram 1500 Ramcharger Is The Hybrid Truck America Probably Needs
In addition to the all-electric , the truck brand announced this week that it will also release a engine gasoline-powered hybrid version of its electric pickup, called Ramcharger. The goal here is to use the V6 engine as a generator for the electric powertrain when the 92 kWh battery...
May 4, 2025
There Was Once A Glorious Compact Chevy ZR2 Truck
There Was Once A Glorious Compact Chevy ZR2 Truck
Those who saw the meteoric rise of through the 2010s and onward probably associate the badge with the . The was Chevy’s halo midsize truck when it was released in 2016, but the ZR2 badging goes all the way to the when Chevy made the S-10 ZR2. It’s gnarly....
May 4, 2025
Porsche Built A 911 With Portal Axles To Go Where Unimogs Can't Reach
Porsche Built A 911 With Portal Axles To Go Where Unimogs Can't Reach
No car has ever driven at higher altitude than this 992-generation Porsche 911 Carrera 4S with portal axles. On Saturday the Porsche crew, led by racing driver Romain Dumas, reached the highest peak of the west ridge of the Ojos del Salado volcano in Chile, . That’s the tallest...
May 4, 2025
Ford Robbed Us Of The Old Four-Door Ranger To Give Us The Explorer Sport Trac
Ford Robbed Us Of The Old Four-Door Ranger To Give Us The Explorer Sport Trac
By definition, a big truck like a or struggles to be small. Even in its smallest, most trucky configuration — a two-door single cab — a full-size truck is relatively large and comes with a sizable bed for hauling cargo. But a small truck like the third-generation can do...
May 4, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved