Chevrolet Silverado 1500 (WT 2.7L Turbo) cost to own in Canada — the true 5-year total
The Chevrolet Silverado 1500 (WT 2.7L Turbo) starts at $47,000. Over 5 years, owning one (gas car) costs about $63,762 in Canada as of July 2, 2026 — $1,063/month, $0.85/km — including depreciation, fuel, maintenance, insurance, financing and registration.
Chevrolet Silverado 1500 (WT 2.7L Turbo) incentives & grants
Canada EVAP: up to $5,000 off an eligible new EV ($2,500 PHEV); Quebec / BC may add more. Shown for reference; not in the totals above. Source: Transport Canada.
Chevrolet Silverado 1500 (WT 2.7L Turbo) · Canada · 5-year estimate$63,762 total · $1,063/mo · $0.85/km
Where the money goes
| Cost component | Gas · Chevrolet Silverado 1500 |
|---|---|
| Depreciation (estimated) | $24,440 (38%) |
| Charging / fuel | $13,230 (21%) |
| ↳ of which charging loss | — |
| Maintenance | $5,873 (9%) |
| Insurance | $11,445 (18%) |
| Financing interest | $8,275 (13%) |
| Registration & fees | $500 (1%) |
| Total cost of ownership | $63,762 |
Chevrolet Silverado 1500 (WT 2.7L Turbo) specs & assumptions
- Starting price
- $47,000manufacturer
- Powertrain
- Gas
- Efficiency
- 10.5 L/100kmNRCan
- Range
- 850 kmNRCan
- Canada electricity
- 16.50c/kWhprovincial utilities
- Annual km (assumed)
- 15,000Canada average
Compare the Chevrolet Silverado 1500 (WT 2.7L Turbo) against any car, your km & your scenario
What the numbers say
The Chevrolet Silverado 1500 (WT 2.7L Turbo) costs about $63,762 to own over 5 years in Canada — $1,063/month, $0.85/km at 15,000 km/yr — and depreciation is the biggest line: $24,440, 38% of the total (as of July 2, 2026).
- On cost per month the Chevrolet Silverado 1500 (WT 2.7L Turbo) ranks #1 of 4 full-size pickup models we track in Canada.
- Where the Chevrolet Silverado 1500 (WT 2.7L Turbo)'s $63,762 actually goes: depreciation $24,440 (38%), gas $13,230 (21%), insurance $11,445 (18%), financing interest $8,275 (13%), maintenance $5,873 (9%), registration & fees $500 (1%).
- Per km, that is $0.33 of depreciation and $0.18 of gas, with $0.35 for everything else — $0.85/km all-in.
- Gas vs the fleet: the Chevrolet Silverado 1500 (WT 2.7L Turbo)'s 5-year gas bill ($13,230) runs $2,016 above the $11,214 median of the 30 gas and hybrid models we price at the same rates.
What we assume for maintenance
Assumed $1,175/yr for a gas car at 15,000 km/yr — about $5,873 of the 5-year total above. On this market's assumptions an EV runs about $525/yr less in maintenance than a gas car ($650 vs $1,175). See the methodology for sources; adjustable in the calculator.