2013 Silverado 1500 Wins 5-Year Cost to Own Award

March 14th, 2013 by

2012 Chevrolet Silverado LTZ Crew Cab PickupFinding the perfect full-sized truck can be a difficult task. You have to balance the initial price with the cost of potential repairs in the coming years. This “cost of ownership” is often overlooked by many shoppers and needs to be discussed.

Recently, Kelley Blue Book awarded the 2013 Chevy Silverado 1500 with a “5-Year Cost to Own” award that helped put it on the top of the map as THE truck to buy. Read on to find out more.

What is the 5-Year Cost to Own Award?

The “5-Year Cost to Own” award is given out to several vehicles every year by Kelley Blue Book to indicate which vehicle has the lowest 5-year cost to own rate in its class. Basically, they look into the purchase price of the vehicle as well as various other factors that indicate how expensive the car’s immediate future will be. This award is designed to give car buyers a look into the best new vehicles on the market.

Why the Silverado Was Chosen

Anybody that has driven the 2013 Silverado 1500 knows its a fine vehicle, and KBB agrees. They rated it 15th out of 24 of vehicles chosen. It was the “full-size pickup truck” winner with a 5-year cost to own cost of $48,551 as of December 2012. Basically, it was chosen because it runs smoothly, has a relatively low initial cost, is fuel efficient, and doesn’t have any serious problems or malfunctions that could cost you serious money to replace. It’s also easy to drive and has very low repayment rates.

Picking a Great Five Year Vehicle

Trying to find a 5-year cost to own vehicle can be a difficult task. Basically, look into any extra charges that may come from buying the vehicle: delivery charges, cost of gas, and anything else like that. You also need to check on any serious recalls or damage that the vehicle may be known for possessing. This can drive the price up sky rocket high. Sometimes, cars with low initial prices are going to have higher five year to own rates. Don’t be seduced by an initial low purchase price: you may end up paying for it down the road.