Chevrolet Silverado 1500 vs Toyota Tundra: cost to own

Verdict, over 6 years

They cost about the same

Within $429: too close to call. Closest matching trims: same fuel and drive where possible.

Silverado 1500 WT 2WD$1,419/moTrue cost

Tundra Double Cab SR 4X2 Regular Bed$1,413/moTrue cost

2026 Chevrolet Silverado 1500

Closest matching trim: Silverado 1500 WT 2WD

Sticker (MSRP)$48,999

+$10,374→↓Freight, fees, HST

Drive away$59,373

+ running costs→↓− $25,125 resale

True cost$1,419/moA month to own, after resale

2026 Toyota Tundra

Closest matching trim: Tundra Double Cab SR 4X2 Regular Bed

Sticker (MSRP)$54,440

+$10,561→↓Freight, fees, HST

Drive away$65,001

+ running costs→↓− $37,757 resale

True cost$1,413/moA month to own, after resale

Line by line


Price
Sticker (MSRP)	✓ $48,999	$54,440	Silverado 1500 by $5,441
Freight and fees, before tax	$3,544	✓ $3,083	Tundra by $461
Sales tax (HST)	✓ $6,831	$7,478	Silverado 1500 by $647
Drive-away price	✓ $59,373	$65,001	Silverado 1500 by $5,628
Running costs, 6 years
Fuel or charging	$23,603	✓ $20,088	Tundra by $3,515
Insurance (estimate)	✓ $12,670	$19,796	Silverado 1500 by $7,126
Maintenance (estimate)	✓ $7,939	$8,634	Silverado 1500 by $695
Loan rate	6.5%	6.5%	—
Loan interest	✓ $11,435	$12,619	Silverado 1500 by $1,184
Lost return on your money	✓ $12,191	$13,276	Silverado 1500 by $1,085
Resale after 6 yrs	−$25,125	✓ −$37,757	Tundra by $12,632
Total
True cost	$102,177	✓ $101,748	Tundra by $429
True cost a month	$1,419/mo	✓ $1,413/mo	Tundra by $6
You pay each month	✓ $1,529/mo	$1,684/mo	Silverado 1500 by $155
Practical
Fuel type	Gas	Gas	—
Seats	3	5	—
Carry-ons, 2 people	Open bed	Open bed	—
Towing, lb	✓ 9,100	8,300	—
Built in Canada	Oshawa, ON	—	—
Cargo behind row 2, litres	Not published	Not published	—
Length	—	5.93 m	—
Ground clearance	—	26 cm	—
Resale % after 6 yrs	51%	✓ 69%	—
US crash test	5★	5★	—

Price

Sticker (MSRP)

Silverado 1500 WT 2WD ✓ $48,999Tundra Double Cab SR 4X2 Regular Bed $54,440Cheaper by Silverado 1500 by $5,441

Freight and fees, before tax

Silverado 1500 WT 2WD $3,544Tundra Double Cab SR 4X2 Regular Bed ✓ $3,083Cheaper by Tundra by $461

Sales tax (HST)

Silverado 1500 WT 2WD ✓ $6,831Tundra Double Cab SR 4X2 Regular Bed $7,478Cheaper by Silverado 1500 by $647

Drive-away price

Silverado 1500 WT 2WD ✓ $59,373Tundra Double Cab SR 4X2 Regular Bed $65,001Cheaper by Silverado 1500 by $5,628

Running costs, 6 years

Fuel or charging

Silverado 1500 WT 2WD $23,603Tundra Double Cab SR 4X2 Regular Bed ✓ $20,088Cheaper by Tundra by $3,515

Insurance (estimate)

Silverado 1500 WT 2WD ✓ $12,670Tundra Double Cab SR 4X2 Regular Bed $19,796Cheaper by Silverado 1500 by $7,126

Maintenance (estimate)

Silverado 1500 WT 2WD ✓ $7,939Tundra Double Cab SR 4X2 Regular Bed $8,634Cheaper by Silverado 1500 by $695

Loan rate

Silverado 1500 WT 2WD 6.5%Tundra Double Cab SR 4X2 Regular Bed 6.5%Cheaper by —

Loan interest

Silverado 1500 WT 2WD ✓ $11,435Tundra Double Cab SR 4X2 Regular Bed $12,619Cheaper by Silverado 1500 by $1,184

Lost return on your money

Silverado 1500 WT 2WD ✓ $12,191Tundra Double Cab SR 4X2 Regular Bed $13,276Cheaper by Silverado 1500 by $1,085

Resale after 6 yrs

Silverado 1500 WT 2WD −$25,125Tundra Double Cab SR 4X2 Regular Bed ✓ −$37,757Cheaper by Tundra by $12,632

Total

True cost

Silverado 1500 WT 2WD $102,177Tundra Double Cab SR 4X2 Regular Bed ✓ $101,748Cheaper by Tundra by $429

True cost a month

Silverado 1500 WT 2WD $1,419/moTundra Double Cab SR 4X2 Regular Bed ✓ $1,413/moCheaper by Tundra by $6

You pay each month

Silverado 1500 WT 2WD ✓ $1,529/moTundra Double Cab SR 4X2 Regular Bed $1,684/moCheaper by Silverado 1500 by $155

Practical

Fuel type

Silverado 1500 WT 2WD GasTundra Double Cab SR 4X2 Regular Bed GasCheaper by —

Seats

Silverado 1500 WT 2WD 3Tundra Double Cab SR 4X2 Regular Bed 5Cheaper by —

Carry-ons, 2 people

Silverado 1500 WT 2WD Open bedTundra Double Cab SR 4X2 Regular Bed Open bedCheaper by —

Towing, lb

Silverado 1500 WT 2WD ✓ 9,100Tundra Double Cab SR 4X2 Regular Bed 8,300Cheaper by —

Built in Canada

Silverado 1500 WT 2WD Oshawa, ONTundra Double Cab SR 4X2 Regular Bed —Cheaper by —

Cargo behind row 2, litres

Silverado 1500 WT 2WD Not publishedTundra Double Cab SR 4X2 Regular Bed Not publishedCheaper by —

Length

Silverado 1500 WT 2WD —Tundra Double Cab SR 4X2 Regular Bed 5.93 mCheaper by —

Ground clearance

Silverado 1500 WT 2WD —Tundra Double Cab SR 4X2 Regular Bed 26 cmCheaper by —

Resale % after 6 yrs

Silverado 1500 WT 2WD 51%Tundra Double Cab SR 4X2 Regular Bed ✓ 69%Cheaper by —

US crash test

Silverado 1500 WT 2WD 5★Tundra Double Cab SR 4X2 Regular Bed 5★Cheaper by —

✓ marks the better figure. Resale for both is from their own used prices (unless you lease). Their stickers differ by $5,441.