To choose the winners of its 2011 True Cost to Own® Awards2, the team at Edmunds.com gathered data on every 2011 vehicle on the market and estimated the five-year cost of owning each. After comparing every vehicle, Chevrolet came out on top twice: The 2011 Equinox and the 2011 Silverado 2500HD Regular Cab pickup.
“The 2011 Chevy Equinox is a stylish and comfortable entry in the highly competitive small-crossover segment,” Edmunds.com says. “RAV4 and CR-V shoppers should take notice.” They also note Equinox’s “premium look inside and out,” quiet cabin with tons of storage, and highly fuel-efficient four-cylinder engine3.
For the Silverado, Edmunds.com says: “Notably improved with added capability, the 2011 Chevrolet Silverado 2500HD is an excellent choice for a heavy-duty truck.” Some of the highlighted features are “impressive hauling and towing capabilities; refined and quiet ride; solid build quality; responsive steering; comfortable seats.”
The True Cost to Own® takes multiple factors into account. The Total Cash Price includes MSRP, typically equipped options, and other standard charges, taxes and fees. Depreciation is the amount by which the value of a vehicle declines from its purchase price to the estimated resale value. Insurance and financing are based on a well-qualified purchaser.
Importantly, the calculation also includes fuel, based on revised EPA ratings, assuming 45% highway and 55% city driving, and maintenance and repairs. Maintenance is the estimated expense of both scheduled and unscheduled maintenance, including replacing tires and other parts.