The Chevrolet Silverado is the cheapest truck to own
| March 27, 2014 |
Vincentric has announced its annual Best Value in America winners and the winner for best truck brand is Chevrolet.
Vincentric says the strong second-place showing of the Silverado 1500 in the half-ton segment along with the Silverado 2500 HD’s win in the 3/4-ton segment and strong results from the 3500HD as well amounted to an overall victory by Chevy.
The 2500 HD got the nod in the 3/4-ton segment due to having the lowest repair costs and the lowest cost of total ownership.
Despite, Chevy’s overall brand win, for the fourth straight year, Vincentric named the Ford F-150 the best value in the half-ton segment due to low insurance, maintenance, and depreciation rates.
Meanwhile, the Ram 3500 took home best value in the one ton segment with the Chevy 3500 placing second. The Ram was chosen since it has the lowest depreciation rate and lowest maintenance costs in the segment. In the compact segment, the Toyota Tacoma took home best value for the 10th year in a row due to a a five-year depreciation rate below 50 percent and strong fuel economy.
Truck Yeah! followed up Vincentric’s choices with a little research of its own based on Kelly Blue Book calculators that figure up 5-year cost of ownership. Whether its a work truck, regular cab or crew cab, KBB’s calculators found that the Silverado 1500 was the cheapest truck to own over those first five years.
Truck Yeah! also check with Edmund’s “True Cost to Own” calculator which also found the Silverado 1500 to be the winner. You can see Truck Yeah’s full breakdown (with charts!) by clicking here.