Chevrolet Silverado 1500 vs Toyota Tacoma: cost to own

Verdict, over 6 years

The Toyota Tacoma costs about $17,395 less

That's $242 a month. Closest matching trims: same fuel and drive where possible.

Silverado 1500 WT 4WD$1,505/moTrue cost

Tacoma 4X4 Double Cab✓ $1,263/moTrue cost

2026 Chevrolet Silverado 1500

Closest matching trim: Silverado 1500 WT 4WD

Sticker (MSRP)$53,899

+$11,011→↓Freight, fees, HST

Drive away$64,910

+ running costs→↓− $27,637 resale

True cost$1,505/moA month to own, after resale

2026 Toyota Tacoma

Closest matching trim: Tacoma 4X4 Double Cab

Sticker (MSRP)$48,895

+$9,840→↓Freight, fees, HST

Drive away$58,735

+ running costs→↓− $34,785 resale

True cost$1,263/moA month to own, after resale

Line by line


Price
Sticker (MSRP)	$53,899	✓ $48,895	Tacoma by $5,004
Freight and fees, before tax	$3,544	✓ $3,083	Tacoma by $461
Sales tax (HST)	$7,468	✓ $6,757	Tacoma by $711
Drive-away price	$64,910	✓ $58,735	Tacoma by $6,175
Running costs, 6 years
Fuel or charging	$23,771	✓ $18,749	Tacoma by $5,022
Insurance (estimate)	✓ $13,132	$14,913	Silverado 1500 by $1,781
Maintenance (estimate)	✓ $8,237	$9,896	Silverado 1500 by $1,659
Loan rate	6.5%	6.5%	—
Loan interest	$12,600	✓ $11,301	Tacoma by $1,299
Lost return on your money	$13,259	✓ $12,067	Tacoma by $1,192
Resale after 6 yrs	−$27,637	✓ −$34,785	Tacoma by $7,148
Total
True cost	$108,362	✓ $90,967	Tacoma by $17,395
True cost a month	$1,505/mo	✓ $1,263/mo	Tacoma by $242
You pay each month	$1,635/mo	✓ $1,510/mo	Tacoma by $125
Practical
Fuel type	Gas	Gas	—
Seats	3	5	—
Carry-ons, 2 people	Open bed	Open bed	—
Towing, lb	✓ 8,900	6,400	—
Built in Canada	Oshawa, ON	—	—
Cargo behind row 2, litres	Not published	Not published	—
Length	—	5.74 m	—
Resale % after 6 yrs	51%	✓ 71%	—
US crash test	✓ 5★	4★	—

Price

Sticker (MSRP)

Silverado 1500 WT 4WD $53,899Tacoma 4X4 Double Cab ✓ $48,895Cheaper by Tacoma by $5,004

Freight and fees, before tax

Silverado 1500 WT 4WD $3,544Tacoma 4X4 Double Cab ✓ $3,083Cheaper by Tacoma by $461

Sales tax (HST)

Silverado 1500 WT 4WD $7,468Tacoma 4X4 Double Cab ✓ $6,757Cheaper by Tacoma by $711

Drive-away price

Silverado 1500 WT 4WD $64,910Tacoma 4X4 Double Cab ✓ $58,735Cheaper by Tacoma by $6,175

Running costs, 6 years

Fuel or charging

Silverado 1500 WT 4WD $23,771Tacoma 4X4 Double Cab ✓ $18,749Cheaper by Tacoma by $5,022

Insurance (estimate)

Silverado 1500 WT 4WD ✓ $13,132Tacoma 4X4 Double Cab $14,913Cheaper by Silverado 1500 by $1,781

Maintenance (estimate)

Silverado 1500 WT 4WD ✓ $8,237Tacoma 4X4 Double Cab $9,896Cheaper by Silverado 1500 by $1,659

Loan rate

Silverado 1500 WT 4WD 6.5%Tacoma 4X4 Double Cab 6.5%Cheaper by —

Loan interest

Silverado 1500 WT 4WD $12,600Tacoma 4X4 Double Cab ✓ $11,301Cheaper by Tacoma by $1,299

Lost return on your money

Silverado 1500 WT 4WD $13,259Tacoma 4X4 Double Cab ✓ $12,067Cheaper by Tacoma by $1,192

Resale after 6 yrs

Silverado 1500 WT 4WD −$27,637Tacoma 4X4 Double Cab ✓ −$34,785Cheaper by Tacoma by $7,148

Total

True cost

Silverado 1500 WT 4WD $108,362Tacoma 4X4 Double Cab ✓ $90,967Cheaper by Tacoma by $17,395

True cost a month

Silverado 1500 WT 4WD $1,505/moTacoma 4X4 Double Cab ✓ $1,263/moCheaper by Tacoma by $242

You pay each month

Silverado 1500 WT 4WD $1,635/moTacoma 4X4 Double Cab ✓ $1,510/moCheaper by Tacoma by $125

Practical

Fuel type

Silverado 1500 WT 4WD GasTacoma 4X4 Double Cab GasCheaper by —

Seats

Silverado 1500 WT 4WD 3Tacoma 4X4 Double Cab 5Cheaper by —

Carry-ons, 2 people

Silverado 1500 WT 4WD Open bedTacoma 4X4 Double Cab Open bedCheaper by —

Towing, lb

Silverado 1500 WT 4WD ✓ 8,900Tacoma 4X4 Double Cab 6,400Cheaper by —

Built in Canada

Silverado 1500 WT 4WD Oshawa, ONTacoma 4X4 Double Cab —Cheaper by —

Cargo behind row 2, litres

Silverado 1500 WT 4WD Not publishedTacoma 4X4 Double Cab Not publishedCheaper by —

Length

Silverado 1500 WT 4WD —Tacoma 4X4 Double Cab 5.74 mCheaper by —

Resale % after 6 yrs

Silverado 1500 WT 4WD 51%Tacoma 4X4 Double Cab ✓ 71%Cheaper by —

US crash test

Silverado 1500 WT 4WD ✓ 5★Tacoma 4X4 Double Cab 4★Cheaper by —

✓ marks the better figure. Resale for both is from their own used prices (unless you lease). Their stickers differ by $5,004.