How Much Does a Chevy Silverado Cost?

As one of the best known, hard-working trucks on the market, the Chevy Silverado cost typically ranges from $38,000 up to $65,000 (MSRP), and sometimes more. Used models are much lower in price as well. Is the Chevy Silverado the best vehicle for you?

To find out, you’ll certainly want to head out for a test drive at Sanger Chevrolet GMC. That also gives you the most accurate price for any of the models available today. Consider a few factors that play a role in the value of your next truck purchase.

What Is the Chevy Silverado and What Does It Offer?

The Chevrolet Silverado is a line of mid-size trucks that have been produced since 1999. Most are full-size pickup trucks, though the company also makes chassis cab trucks as well as medium-duty trucks. In 2019, Chevy introduced the fourth generation of the model, which continues to be present.

You will find Silverado trucks that date back further with the name first used in 1975. Those were considered the high-end models for the company’s Custom Deluxe line and significantly different from the trucks on dealership lots today.

The fourth generation of the Silverado line up introduced several trim models, including the 1500 LT Trail Boss, which featured gloss black front fascia, the bow-tie emblem on the front grille, and a back rear step bumper. When it launched its first fourth generation the Chevy Silverado cost was $32,200 MSRP for this top-tier vehicle. That was in January of 2018, and a base price.
The fourth generation Silverado brings with it a sculpted, higher-end exterior design with integration of the headlights into the grille. It also adds in LED daytime running accent lamps and a 10-speed automatic transmission.

Over the next few years, Chevy will roll out various additions to this lineup. The trim options for the fourth generation included The WT, Custom, Custom Trail Boss, LT, RST, LT Trail Boss, LTZ, and the High Country. For this generation, the vehicles feature some nice updated technology as well, including touchscreen infotainment systems with Bluetooth, Android Auto, and Apple CarPlay, along with wireless audio streaming using A2DP. Some trim levels also added nice features like a push-button start, keyless access, heated and ventilated luxury seating, a heated steering wheel, and driver-assist technologies.

With the fourth generation Chevy Silverado cost comes an impressive line up of six different engines dependent on the trim model selected. The base model was a 285 horsepower engine with a 4.3 liter EcoTec3 E85 capable V6 gas engine.

In 2020, the company’s 277 horsepower 3 liter turbocharged Duramax i6 engine was available, which increased the vehicle’s cost. All fourth-generation vehicles include either a 6-speed, 8-speed, or 10-speed automatic transmission with either two-wheel or four-wheel drive.

What Factors Impact the Chevy Silverado Cost Today?

The value of the Chevy Silverado trucks you will see on the lot today are dependent on numerous factors, as the company’s line up of vehicles has grown to include even more outstanding choices. Consider some of the factors that play a role in the Chevy Silverado cost structure.

Model year and trim levels

One of the most important factors to consider when purchasing a truck is the features, and the Chevy Silverado has numerous trim options to give you the choices you desire. Consider a few different vehicle options and the MSRP for these vehicles (when they were released – current prices for any model are dependent on other factors as well). Here is the 2023 lineup for comparison:

• WT: This is the company’s entry-level model that is considered a work truck with bas features and a stripped down but highly functional design. When released, its MSRP was $29,200.
• LT: The Luxury Touring, or LT, trim model added more on-the-road comfort and improved the overall enjoyment of the vehicle. Its MSRP was $31,600
• Z71: A step up, the Z71 is a premium truck that offers not only good day to day driving, but the benefits of off-road performance many need and want in a hard-working truck. It’s MSRP was $37,000.
• Trail Boss: A truck that defined the company’s image, the Trail Boss is a rugged truck, one that is designed for optimum functionality and performance. Its MSRP was $39,900.
• ZR2: The highest-end trim model for the year, the ZR2 was an aggressive, highly rugged truck with an off-road appearance and superior capability from engine to towing capacity. Its MSPR was $46,800.

Now, consider the 2024 Chevy Silverado cost structure based just on trim levels. Remember, these are MSRP prices, which does not mean they are what you can expect to pay at the dealership.

• WT: After a few updates, the base model of the Work Truck had an MSRP of $36,800.
• Custom: More refinement and added features. This model’s MSRP was $43,600
• LT: The most common vehicle for everyday use, the LT had an MSRP of $48,000
• RST: Another step up with interior refinements and added performance, this vehicle’s MSRP was $51,400.
• Custom Trail Boss: More features and better tailored to the driver’s comfort, the Custom Trail Boss had an MSRP of $51,800.
• LTZ: A more customizable truck with added performance features under the hood, the MSRP on the LTZ was $57,200 when launched.
• LT Trail Boss: Still the star of the show for many people, the LT Trail Boss offers comfort and power and had a MSRP of $58,000, quite competitive.
• High Country: More off road performance with elite features, the High Country model had an MSRP of $62,700.
• The ZR2: This is the highest end model with more features, rugged design, and an exceptional level of technology on board. It had an MSRP of $69,900.

The model year and trim are the two biggest factors to consider when it comes to Chevy Silverado cost, but there are other factors to think about as well.

New and used cost

The Chevy Silverado is noted for its ability to maintain it’s value year after year. These are trucks people often buy and hold onto for five, six, or even ten years because of how functionally well designed they are and the amount of work they offer.

Used trucks maintain their high value. Like all cars and trucks, they depreciate over time by about 20% after five years, which is much lower than other vehicles on the market today. That means that if you buy a Silverado today, chances are good you can sell it for a decent value for years to come. The Chevy Silverado is noted for its exceptional resale value overall. That means that you may find a great price on a Chevy Silverado from 2022, 2021, or 2020, some of the vehicle’s most desirable years.

You can do some research on the model and year now online to compare options. Or stop by the Sanger Chevrolet GMC dealership to find out what the value of the vehicle you are considering right now is.

Vehicle-specific factors influencing Chevy Silverado cost

Another factor that will play a role in the cost of the Chevy Silverado you buy is what’s on the specific vehicle you purchase. Many have custom features. Some are elevated to offer sports packages or towing capabilities. These will enhance the value of the truck, giving you more performance for the specific needs you have. Some key areas to compare when buying a truck based on cost include:

• Mileage: Higher mileage on a used truck will lower the value of the vehicle. If buying new, you’ll certainly not have to worry about mileage being a factor.
• Packages: Silverado packages range widely but often offer some nice overall benefits. Across all of the trim levels, you’ll find enhanced features from the wheels to the leather inside.
• Engine: Chevy Silverado vehicles have a wide range of engine options from the base model to some of the most impressive engines on the market today. The more performance – or the more eco-friendly – the higher the cost for this vehicle.
• Towing: For those who plan to put their truck to work, make sure to take a look at the towing capability of these vehicles. It differs based on year and trim. As of the 2025 lineup, the maximum towing capacity of the Chevrolet Silverado 3500HD and Chevy Silverado 2500HD is 16,000 pounds. The 2023 average Silverado 1500, by comparison, has a towing capacity that maxes out at 12,200 pounds.
• Technology and safety: These features add to the value of the Silverado as well. Some of the most modern features include larger infotainment screens with touchscreen technology. Some also offer active safety features including Front Pedestrian Alert, Forward Collision Alert, Lane Departure Warning, and Following Distance Indicator as standard features on the model (older vehicles do not offer this).

How to Save Money and Get the Best Chevy Silverado Cost

There are numerous ways you can save money when buying a Silverado. You can still get the top-notch vehicle you desire without the high cost. Consider these tips to help you save.

Finance with a down payment

One way to reduce both your monthly payment and your overall cost is to make a down payment on your truck at the time of purchase and then use a low-interest loan to finance the rest of the cost. This helps to keep your costs lower while providing you with an easy-to-make payment.

At Sanger Chevrolet GMC, we offer personalized payment tools that allow you to choose the payment right for your needs. You can also estimate financing costs and opportunities without having any impact on your credit score if you use the tools online.

Chose an older model

Both new and used models of Chevy Silverado are worthy purchases. As long as you know exactly what to expect from the used vehicle and you buy one from a trusted dealership, buying a used one can be an excellent way to save money and still get the hard-working truck you desire. Stay within the fourth generation of the Chevy Silverado to maximize the features you get at the cost you want.

To get the most up to date Chevy Silverado cost, stop in or call Sanger Chevrolet GMC. This is the best way to find out what models are available to you today. Inventory changes nearly every day, too, which means you have plenty of options to find the truck you want at the price you need. Contact Sanger Chevrolet GMC about the cost of a Chevy Silverado truck now.