GMC Sierra 1500 Cost to Own

Are you considering purchasing a new or used GMC Sierra 1500 near Spring Hill? If so, you’ll want to research the GMC Sierra 1500 ownership costs. While an MSRP can tell you what a new Sierra’s pricing is up front, there are additional ownership costs to consider, including service, insurance, depreciation, and any number of factors, just like with any vehicle you might purchase.

At Buick GMC Brooksville, we value transparency, which is why we’ve sourced data from Edmunds True Cost to Own tool, so you see what the average GMC 1500 costs to own across the first 5 years. We’ve provided you with figures for the 2019, 2020, and 2021 models to give you a sense of what to expect, and we think you’ll be impressed by the high value that the GMC Sierra continues to offer. Once you’re done reading, apply for financing, and contact us to arrange for a test drive near Inverness.

2019 GMC Sierra 1500 Ownership Costs: First 5 Years

When calculating the 2019 GMC Sierra 1500 cost to own across 5 years, there are many factors to consider. These factors include:

• Insurance: $4,125
• Maintenance: $7,695
• Repairs: $2,384
• Taxes & Fees: $4,012
• Financing: $4,934
• Depreciation: $21,707
• Fuel: $19,854
• Total: $64,711

2020 GMC Sierra 1500 Ownership Costs: First 5 Years

One trend you might notice is that newer models are slightly more affordable in the long run. Still, the differences between the total Edmunds True Cost to Own assessments of the 2019 and 2020 GMC Sierra are small potatoes—roughly $2,000 across 5 years. See a breakdown of the 2020 GMC Sierra 1500 ownership costs below:

• Insurance: $4,125
• Maintenance: $6,117
• Repairs: $1,892
• Taxes & Fees: $4,392
• Financing: $5,483
• Depreciation: $22,820
• Fuel: $17,761
• Total: $62,591

2021 GMC Sierra 1500 Ownership Costs: First 5 Years

As previously mentioned, the newer the model, the more affordable the 5-year ownership costs. Again, the differences from one year to the next come down to roughly $2,000. See the factors of the 5-year ownership costs for the 2021 Sierra 1500 below:

• Insurance: $3,936
• Maintenance: $3,827
• Repairs: $949
• Taxes & Fees: $4,188
• Financing: $5,187
• Depreciation: $24,487
• Fuel: $17,761
• Total: $60,135

Test Drive a GMC Sierra 1500 in Brooksville Today

If you have questions about the 5-year GMC Sierra 1500 cost to own estimates, call Buick GMC Brooksville at (352) 631-8154. We’re more than happy to explain the data we’ve sourced from the Edmunds True Cost to Own tool and can walk you through any confusing particulars about the factors that go into GMC Sierra 1500 ownership costs. We can also schedule you to test drive a GMC Sierra 1500 at our showroom near Inverness, and we’ll make sure you don’t miss out on any new vehicle specials or other opportunities to save!