• Awards & Accolades Awards & Accolades
  • Popular
  • Recent

KBB.com Recognizes 2013 Chevrolet Volt, Silverado and Impala for Lowest Ownership Costs In Their Respective Classes

Kelley Blue Book has been the last word on automobile valuation since the Model T was in production. But in addition to helping used-car buyers and sellers agree on a price, the experts at KBB.com annually recognize vehicles in each class with the lowest cost of ownership over the first five years (regardless of initial purchase price). Three Chevrolet vehicles — Volt, Silverado and Impala — made the list.

< Previous
Next >

Five-Year Cost to Own is figured by adding up all the factors that go into owning a car — repairs, maintenance, fuel, insurance, financing and state fees — plus the vehicle’s depreciation in value over five years. It turns out that some cars with a low purchase price actually end up costing more to own than a more expensive one. (All costs were evaluated assuming 15,000 miles per year, and 2.84% APR for 60 months with the same down payment for all vehicles in the same class.)

Chevrolet Volt — a repeat award recipient — was not only among four vehicles recognized in the Electric Vehicle category, it was even named “Best In Class” with the lowest 5-Year Cost to Own of all electric cars on the market. Volt came in at just 49¢ per mile, owing to very low fuel costs (it pays to drive an electric), plus $4,065 in rebates for owning an electric vehicle.

In the Full-Size Pickup Truck category, Silverado 1500 Regular Cab was recognized for the lowest 5-Year Cost to Own, coming in at just 61¢ per mile driven. The pickup was a repeat award recipient, having also received a 2012 KBB 5-Year Cost to Own Award.

Impala pulled off another repeat, recognized for its low ownership costs in the Full-Size Car category. Over the first five years of ownership, Chevrolet Impala would cost you just 62¢ per mile.

Learn more about the KBB ratings on our entire vehicle lineup here.


Learn More About the Volt, Silverado, and Impala