How long can a 2020 Chevy Silverado 1500 last?
The 2020 Chevy Silverado 1500 got a 1/5 reliability score from Consumer Reports. CarComplaints.com claims that the truck got 29 National Highway Traffic Safety Administration complaints about engine problems. The automotive site also claims that the Silverado 1500 got 48 NHTSA complaints about its brakes. Chevy’s pickup clearly doesn’t lead its class in reliability, but how long can the truck last?
Pickup trucks normally have reputations for being more reliable than SUVs or cars. The 2020 Chevy Silverado 1500 should last for over 200,000 miles. According to iSeeCars.com, consumers keep a new vehicle for about 8.4 years. The average American drives about 13,500 miles a year. Based on these numbers, the 2020 Chevy Silverado 1500 model year should still be able to run for years after 8.4 years of ownership (which equates to 113,400 miles for the average driver).
The 2020 Chevy Silverado 1500’s longevity is average in its vehicle class. It may last long, but that doesn’t mean that it’s worth buying over rivals.
How much should you pay for a 2020 Chevy Silverado 1500?
A 2020 Chevy Silverado 1500 with under 35,000 miles has a fair market value of about $28,348. The 2020 Silverado 1500 has an MSRP of $28,500. The truck has barely depreciated since it was released. Normally, new vehicles lose value quickly after rolling off the lot.
If you’re looking to save money on a Chevy Silverado 1500 purchase, a 2017 Chevy Silverado 1500 may be the best option. According to KBB, a 2017 Chevy Silverado 1500 with under 70,500 miles has a fair purchase price of about $19,981. There are plenty of affordable used Silverado 1500 model years, but what about alternatives?
Should you buy a 2020 Chevy Silverado 1500?
The 2020 Chevy Silverado 1500 is a decent used pickup truck, but it’s hardly the best in its vehicle segment. There are several better used full-size pickup truck options on the market. The Ford F-150 and Ram 1500 dominate full-size pickup truck rankings.
A used 2020 Ford F-150 has a fair purchase price of $29,862 with around 33,000 miles, according to KBB. The 2020 Ram 1500 has a fair purchase price of $28,907. Based on the MSRPs of each used truck, the Ram 1500 is the better buy.
The Ram 1500 has a smooth ride quality. Its cabin is also much more refined than the cabins of other trucks in its segment. If you’re looking for a great used truck, the Ram 1500 is a better choice than the Silverado 1500. The 2020 Ram 1500 got a 4/5 owner satisfaction rating from Consumer Reports.