2024 Chevrolet Silverado 1500 LTZTrue Cost of Ownership in Mexico
420 hp NA V8. Full cost breakdown including import duty (20%), VAT (16%), insurance, fuel at $0.8/L, maintenance, and depreciation.
Purchase Price
$77K
Base: $55K
Annual Total
$16K
Insurance + fuel + maintenance
Import Duty
$11K
20% of base price
VAT
$11K
16% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$155K
Purchase + 5yr running costs
2024 Chevrolet Silverado 1500 LTZ — Full Cost Breakdown in Mexico
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $55K |
| Import Duty (20%) | $11K |
| VAT / Sales Tax (16%) | $11K |
| Total Purchase Price | $77K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $960 |
| Annual Maintenance | $1K |
| Annual Depreciation | $12K |
| Registration & Road Tax | $450 |
| Total Annual Running Cost | $16K |
| 5-Year Total Cost of Ownership | $155K |
| Cost Per Kilometer | $1.041 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Chevrolet Silverado 1500 LTZ Fuel Cost Calculator — Mexico
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$960
USD equivalent
Monthly Fuel Cost
$80
Per month average
Annual Liters Used
1,200L
At 15,000 km/yr
Cost per 100km
$6.40
8L × $0.80
Chevrolet Silverado 1500 LTZ Depreciation Curve
The Chevrolet Silverado 1500 LTZ loses approximately $30K (54%) of its value over 5 years.
Year-by-Year Value
| New | $55K | 100% |
| Year 1 | $43K | 78% |
| Year 2 | $37K | 67% |
| Year 3 | $32K | 58% |
| Year 4 | $28K | 51% |
| Year 5 | $25K | 46% |
Depreciation based on mid-range segment averages.
Chevrolet Silverado 1500 LTZ vs. Competitors in Mexico
How does the Chevrolet Silverado 1500 LTZ compare to similar cars available in Mexico?
Chevrolet
Silverado 1500 LTZ
Base Price
$55K
Annual Cost in Mexico
$16K
Toyota
Camry
Base Price
$28K
Annual Cost in Mexico
$7K
Honda
Accord
Base Price
$30K
Annual Cost in Mexico
$7K
Mazda
Mazda6
Base Price
$27K
Annual Cost in Mexico
$7K
Annual costs estimated for Mexico market. Import duty (20%) and VAT (16%) applied to all models.
🇲🇽 Owning a Car in Mexico
Low insurance costs, moderate fuel.
Very Expensive for Mexico
Annual car costs = 156% of average Mexico income ($10K/yr)
Average Annual Income
$10K
In Mexico
Fuel Price
$0.80/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
20%
On vehicle value
VAT / Sales Tax
16%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Mexico
Chevrolet Silverado 1500 LTZ in Mexico — Frequently Asked Questions
Common questions about owning a Chevrolet Silverado 1500 LTZ in Mexico.
The 2024 Chevrolet Silverado 1500 LTZ has a base price of $55,000 USD. In Mexico, after 20% import duty and 16% VAT, the total purchase price is approximately $76,560 USD ($76,560 MXN).
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Chevrolet Silverado 1500 LTZ in Other Countries
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