2024 Chevrolet Silverado 1500 LTZTrue Cost of Ownership in South Africa
420 hp NA V8. Full cost breakdown including import duty (25%), VAT (15%), insurance, fuel at R1.15/L, maintenance, and depreciation.
Purchase Price
$79K
Base: $55K
Annual Total
$17K
Insurance + fuel + maintenance
Import Duty
$14K
25% of base price
VAT
$10K
15% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$163K
Purchase + 5yr running costs
2024 Chevrolet Silverado 1500 LTZ — Full Cost Breakdown in South Africa
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $55K |
| Import Duty (25%) | $14K |
| VAT / Sales Tax (15%) | $10K |
| Total Purchase Price | $79K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $2K |
| Annual Depreciation | $12K |
| Registration & Road Tax | $400 |
| Total Annual Running Cost | $17K |
| 5-Year Total Cost of Ownership | $163K |
| Cost Per Kilometer | $1.125 |
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 — South Africa
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,380
USD equivalent
Monthly Fuel Cost
$115
Per month average
Annual Liters Used
1,200L
At 15,000 km/yr
Cost per 100km
$9.20
8L × R1.15
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 South Africa
How does the Chevrolet Silverado 1500 LTZ compare to similar cars available in South Africa?
Chevrolet
Silverado 1500 LTZ
Base Price
$55K
Annual Cost in South Africa
$17K
Toyota
Camry
Base Price
$28K
Annual Cost in South Africa
$7K
Honda
Accord
Base Price
$30K
Annual Cost in South Africa
$7K
Mazda
Mazda6
Base Price
$27K
Annual Cost in South Africa
$7K
Annual costs estimated for South Africa market. Import duty (25%) and VAT (15%) applied to all models.
🇿🇦 Owning a Car in South Africa
High import duties on most vehicles.
Very Expensive for South Africa
Annual car costs = 241% of average South Africa income ($7K/yr)
Average Annual Income
$7K
In South Africa
Fuel Price
R1.15/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
25%
On vehicle value
VAT / Sales Tax
15%
Applied at purchase
Driving Side
Left-hand
Africa
Popular Car Brands in South Africa
Chevrolet Silverado 1500 LTZ in South Africa — Frequently Asked Questions
Common questions about owning a Chevrolet Silverado 1500 LTZ in South Africa.
The 2024 Chevrolet Silverado 1500 LTZ has a base price of $55,000 USD. In South Africa, after 25% import duty and 15% VAT, the total purchase price is approximately $79,063 USD (R79,063 ZAR).
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Chevrolet Silverado 1500 LTZ in Other Countries
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