The 5-Year Cost Of A Used F-150 Vs. Silverado In Indiana: The Results Will Shock You
- Harry Tepe
- Sep 14
- 14 min read
Many truck shoppers struggle to pick between a used Ford F-150 and a Chevy Silverado, worried about long-term costs. The F-150 Vs Silverado Cost of Ownership often surprises buyers in Indiana’s Midwest market.
This post breaks down real data on prices, repairs, fuel economy, maintenance expenses, and resale values. Find out which pickup gives you the best deal for your dollar.
Key Takeaways
Silverado has lower 5-year ownership costs than the F-150 in Indiana. The total cost for a Silverado is $62,713 compared to $71,008 for the F-150.
Maintenance and repair costs are part of owning a truck. On average, F-150 owners spend about $788 annually on repairs, while Silverado owners pay around $714.
Depreciation affects truck value over time. After five years, an F-150 keeps about 46% of its original price. A Silverado keeps its value similarly.
Fuel efficiency matters for savings at the pump. The Silverado gets up to 33 MPG highway with its 2.7L engine, which can lead to fewer stops for gas compared to the F-150's 26 MPG highway rating.
Insurance varies by model but averages near $2,622 per year for an F-150 and slightly less at $2,590 per year for a Silverado in Indiana.
Understanding the True Cost of Ownership
Many buyers only look at the sticker price. Our team digs deeper into expenses like gas, repairs, and taxes to reveal what you really pay over five years.
Factors affecting 5-year ownership costs
Understanding the true cost of owning a vehicle goes beyond just the sticker price. It involves several factors that can affect how much you spend over time. Here are the key elements to consider for anyone looking into the Ford F-150 vs Chevy Silverado maintenance costs, especially in areas like Indianapolis, Cincinnati, and Aurora, Indiana.
Purchase Price: The amount you pay initially for either an F-150 or Silverado sets the stage for future costs. Typically, this figure impacts insurance rates and loan interest.
Depreciation: Both trucks lose value over time; however, an F-150 can depreciate by about 50% within five years.
Insurance: Your costs here vary based on driving history, age, location, such as Harrison, Ohio or Milan, Indiana, and truck model year. For an F-150, insurance could range from $5,000 to $16,000 over five years.
Maintenance and Repairs: Regular upkeep helps avoid big repair bills later on. An F-150 generally has estimated annual maintenance expenses, which factor into its long-term affordability.
Fuel Efficiency: Gas mileage between the two trucks differs slightly, but impacts overall spending. Indiana's gas prices also play a crucial role.
With these factors in mind, next we'll look at initial purchase price comparison between both trucks to see which one gives you more bang for your buck right from the start.
Why Indiana’s driving conditions matter
Snow, rain, and changing seasons in Indiana shape the way trucks handle daily roads. Drivers face slippery highways near Aurora, Indiana and bumpy rural routes across the state. F-150 vs Silverado maintenance costs rise with more miles spent on rough surfaces.
Cold winters test a truck’s reliability and battery strength.
Rural buyers value strong towing power for hauling gear or heavy loads in any weather. Silverados can pull up to 13,300 pounds; Ford F-150s reach 14,000 pounds, making both a top pick for farmers or anyone needing muscle year-round.
Gas prices in Indiana impact long-term costs too; Chevy Silverado’s 2.7L engine gets up to 23 MPG city and an impressive 33 MPG highway, while the F-150 delivers up to 20 MPG city and 26 MPG highway.
“Indiana drivers demand storage space, cabin room, power for towing, plus solid fuel efficiency.”
Demand for trucks stays high here, which affects inventory at Tom Tepe Autocenter & Car Country as well as overall pricing on used models statewide. Choosing between the Ford F-150 cost of ownership and the Chevy Silverado cost of ownership means looking closely at local driving needs—especially with Indiana weather always keeping you guessing.
Initial Purchase Price Comparison
The average cost for a used Ford F-150 or Chevy Silverado in Indiana may surprise you. A lower starting price means you have more room in your budget for fuel, repairs, and upgrades down the road.
Average used prices for F-150 and Silverado
Some used Ford F-150 and Chevy Silverado trucks at Tom Tepe Autocenter cost less than $20,000. Buyers in Indiana can find models like the 2015 Ford F-150 XLT or the 2014 Chevrolet Silverado 1500 SLT for well below the price of a factory-fresh truck.
Shoppers may save up to $1,857 compared to other places.
There are several used trucks available right now at Tom Tepe Autocenter. All vehicles go through inspections and test drives before sale for reliability. Financing fits every credit level with a simple online application process.
These deals make it easy to compare the long-term costs of owning a Ford F-150 versus a Chevy Silverado in Kentucky or Indiana, helping shoppers choose value and dependability without breaking their budget.
How purchase price impacts long-term costs
After comparing the average used prices for F-150 and Silverado trucks, it is clear that initial price shapes many long-term costs. A lower up-front cost might look good, but it can lead to higher repair bills or more frequent visits to local shops over five years.
Trucks with a higher starting price often hold their value better in Indiana. This helps when trading in your truck at Tom Tepe Autocenter or Car Country.
Both Ford F-150 and Chevy Silverado typically include basic coverage for three years or 36,000 miles and powertrain coverage for five years or 60,000 miles. This support may ease early repair expenses even if you pay more up front.
Better resale value also lowers what you lose over time on a Ford F-150 compared to a Silverado, according to recent ownership trends my team sees. Lower purchase price sometimes means fewer built-in features or less robust reliability history based on detailed vehicle reports provided at our dealership.
Your credit score affects monthly payments since finance terms depend on the sale price too; careful buyers factor this into their total five-year budget before making any decision between these two popular trucks in Indiana’s market.
Depreciation Over 5 Years
Trucks lose value over time, and some hold their worth better than others. Our team at Tom Tepe Autocenter tracked market data to see how resale values for the Ford F-150 and Chevy Silverado shift after five years in Indiana’s real-world driving conditions.
Resale value trends for F-150
F-150 holds its value well. After five years, it keeps about 46% of its sticker price, with an average resale amount of $31,754 based on 13,500 miles driven per year. That makes the F-150 a smart pick for those thinking long-term in Indiana.
It actually ranks in the Top 10 best resale values at both three and five-year marks on trusted industry lists.
A two-year-old F-150 can help buyers save up to $29,534 compared to driving one off the lot fresh from production. The 2023 model stands out as the best for holding value over time.
Ford’s volume stays strong because people trust its durability and know what they get when comparing Ford F-150 vs Chevy Silverado reliability or long-term costs Ford F-150 vs Silverado.
Compared to the Silverado 1500, our data shows that an F-150 retains about 1.3 percentage points more of its value after five years.
“We’ve seen Indiana drivers benefit first-hand from steady demand and higher trade-in offers on late-model F-150s,” says Harry Tepe.
The next section will look at how used Silverado pickups compare in their own resale trends.
Resale value trends for Silverado
Silverado loses only 46% of its value over five years. This strong resale value helps lower ownership costs for buyers in Indiana. Silverado’s reputation, steady market demand, and high reliability play key roles here.
It has fewer recalls than its main rival, with just 113 compared to the competitor's 173.
Its steel body and trusted V6 or V8 engines add to its appeal among truck shoppers.
Drivers who pick one can expect their pickup to hold value better because it stays in demand across Indiana markets like Tom Tepe Autocenter and Car Country serve daily.
Fuel Efficiency and Costs in Indiana
Gas mileage plays a huge role in what you spend at the pump each month. Our team compares real-world fuel economy and Indiana gas prices to show how much you might save with your next pickup.
Gas mileage comparison: F-150 vs. Silverado
Ford F-150 trucks reach an EPA-estimated 25 MPG in city driving and 26 MPG on the highway. Chevrolet Silverado 1500 does a bit better on highways with up to 33 MPG, but scores lower in the city at 23 MPG.
The Silverado’s turbocharged four-cylinder engine tops out at this higher highway number. Both pickups offer different engines such as V8s, V6s, diesel motors, hybrid powertrains, and even electric options for those looking beyond gas.
Drivers who spend more time around town will likely save money with an F-150 due to its stronger city numbers. For folks racking up miles on Indiana highways, the Silverado's fuel efficiency stands out thanks to its top-rated Duramax diesel and turbo options.
For every mile you travel, your engine choice makes a difference at the pump. This sets up how fuel prices across Indiana can tip long-term costs further for each truck owner.
Impact of Indiana gas prices on ownership
Gas mileage affects how much you pay at the pump, but local gas prices also change your total costs in Indiana. In recent years, Indiana’s fuel prices have jumped above $3.20 per gallon, making truck choice important for your wallet.
Silverado’s higher highway MPG saves money for drivers logging miles on I-69 or I-65. F-150 models with better city MPG help those who drive around Indianapolis or South Bend most days.
Some shoppers pick hybrid or diesel because these trims can cut fuel expenses even more if state gas and diesel prices stay high. With over 15,000 annual miles common for Indiana owners, small differences in efficiency add up fast.
My team at Tom Tepe Autocenter helps buyers match their routes to either the Chevy Silverado or Ford F-150 so they spend less on gas each year. Choosing based on your usual roads is key to saving dollars long-term in our state’s shifting fuel market.
Maintenance and Repair Costs
Our team checks average yearly costs for parts and work on both trucks, using data from local shops and real owners. These numbers help Indiana drivers spot savings before they happen.
Average annual maintenance expenses for the F-150
The Ford F-150 costs about $3,657 for maintenance and repairs during the first five years. This is $629 less than the industry average for trucks. RepairPal lists the yearly repair cost at $788, which keeps it lower than many other pickups in this class.
Drivers can expect a 31.63% chance of facing a major fix over ten years. The F-150 averages only 0.28 repair visits each year, so trips to your local service center are rare compared to similar vehicles like the Silverado.
Expenses rise after year eleven, reaching about $1,794 per year as these trucks age, so planning ahead helps keep costs under control. Many owners select extra coverage after purchase to help manage surprise bills and safeguard their budgets over time at Tom Tepe Autocenter and Car Country.
Reliability and repair costs for Silverado
Silverado owners in Indiana can expect lower repair costs than many full-size truck buyers. Average annual repair expenses for the Chevrolet Silverado sit at $714, which is below the industry average.
The Silverado holds a reliability score of 3.5 out of 5.0 from RepairPal and ranks 5th in its class. Out of all full-size pickups, the Silverado reports fewer problems than Ford’s popular model; it tracks only 4,489 known issues and has had 113 recalls to date.
On maintenance visits, Silverado trucks show strong results with only 0.23 required trips per year on average. About 16% of repairs are urgent, just slightly higher than its main rival, but still manageable for most drivers in Indiana conditions.
Choosing a Silverado could mean less time spent at service bays and more hours enjoying your truck on Hoosier roads.
Our service team here at Tom Tepe Autocenter often sees Silverados come in less frequently for big repairs compared to others, says Harry Tepe.
Next up: see how these numbers compare against yearly maintenance costs for F-150 trucks across Indiana.
Key Takeaway: Which Truck Offers Better Value?
Our team looked closely at the total cost after five years for both trucks. The data shows a clear winner, and our findings may surprise many Indiana drivers searching for their next pickup.
Total 5-year cost comparison: F-150 vs. Silverado
The 5-year ownership costs for the Ford F-150 and Chevrolet Silverado in Indiana are eye-opening. The table below compares real-world expenses, including depreciation, insurance, maintenance, repairs, fuel, and financing. All numbers reflect averages for Indiana buyers based on recent Kelley Blue Book data and industry sources.
Cost Category | Ford F-150 | Chevrolet Silverado |
Total 5-Year Ownership Cost | $71,008 | $62,713 |
Depreciation (2024 Model, KBB) | $20,011 | $21,188 |
Annual Insurance (Average) | $2,622 | $2,590 |
Annual Repair Costs | $788 | $714 |
Fuel Costs* | Varies by engine type | Varies by engine type |
Financing Costs | Depends on price & buyer credit | Depends on price & buyer credit |
Limited & Powertrain Coverage | 3 yrs/36,000 miles; 5 yrs/60,000 miles | 3 yrs/36,000 miles; 5 yrs/60,000 miles |
*Fuel costs depend on gas, diesel, or hybrid engine. Indiana gas prices impact both models.
Lower Silverado ownership cost means real savings. Next, discover why these results should impact your Indiana truck decision.
Why these results matter for Indiana buyers
Indiana truck owners often need great towing power. F-150’s peak of 14,000 pounds suits buyers who haul heavy loads or trailers for work and recreation. Silverado meets most needs with a max capacity of 13,300 pounds, which is enough for many users in the state.
Silverado stands out for lower repair costs and higher reliability, saving money over time. Drivers often face long commutes here; its gas mileage—up to 23 MPG city and 33 MPG highway with the 2.7L engine—means fewer stops at the pump across Indiana highways.
Buyers on a budget can find both trucks at price points that fit different wallets, thanks to strong supply in local markets.
Each cost factor helps shoppers pick the best fit for their lifestyle and location. Lower annual expenses or better urban fuel numbers make one option shine over the other, depending on your own driving patterns around Indiana towns and countryside roads.
Tips for Reducing Ownership Costs
Keep up with regular oil changes and tire checks to avoid bigger repair bills. Talk to our team about insurance plans that match your needs and budget.
Smart maintenance practices
Regular oil changes and tire rotations protect your F-150 or Silverado from expensive repairs. These simple steps boost fuel efficiency and keep your truck running longer. Routine inspections spot small issues early, saving you money down the road.
Silverado owners spend about $714 a year on repairs, while F-150 drivers pay around $788.
Keeping engine performance in check leads to better gas mileage for both trucks on Indiana’s roads. Major repairs rarely happen if you stick to smart care routines backed by solid service records.
"A detailed maintenance history helps you get top dollar when it's time to sell," says our team at Tom Tepe Autocenter. Smart habits also slow depreciation and help your vehicle hold its value over five years.
Choosing the right insurance plan
Insurance costs for trucks like the F-150 and Silverado change based on trim level, driver age, and where you drive in Indiana. For a 2024 F-150, insurance averages $2,622 per year; the Silverado comes in $32 cheaper at $2,590 per year.
The XL Super Cab 4WD is the lowest-cost F-150 to insure at about $2,200 yearly. For a Silverado EV WT model, expect premiums near $2,196.
Younger drivers face much higher rates. An 18-year-old pays about $8,159 for an F-150 or $8,104 for a Silverado each year. Use online tools to compare plans from major insurers and find discounts that fit your needs.
Picking the right coverage saves cash over five years of ownership in Indiana’s unique driving conditions. Tom Tepe Autocenter and Car Country help customers explore options tailored to their budget and truck choice every step of the way.
Explore Tom Tepe Autocenter for Great Deals on Used Trucks
Our friendly team at Tom Tepe Autocenter helps Indiana drivers find the best deals on used Ford F-150 and Chevrolet Silverado trucks. Visit us or explore our website to see current stock, easy trade-ins, and flexible finance options for qualified customers.
Find great deals on used F-150 and Silverado trucks at Tom Tepe Autocenter
Save up to $1,857 on used F-150 and Silverado trucks at Tom Tepe Autocenter and Car Country. Choose from 444 trucks available in Indiana, including popular models like the 2015 Ford F-150 XLT and the 2014 GMC Sierra 1500 SLT.
Every truck goes through a thorough inspection and test drive to make sure it is ready for the road.
Financing options fit most credit scores with a simple online application for approval. Each vehicle comes with a detailed history report so buyers can feel confident about their choice.
Indiana’s strong demand keeps our inventory stocked and prices competitive throughout the year. Trade-ins help lower purchase costs even more for local truck shoppers looking to upgrade.
Explore financing options tailored for Indiana buyers
Tom Tepe Autocenter and Car Country offer financing for all credit types. The simple online process lets Indiana truck shoppers prequalify without hurting their credit score. Many customers use trade-ins to lower the price of their used F-150 or Silverado purchase.
Our team helps every step of the way, finding a payment plan that fits your budget. Special finance deals are set aside just for Indiana buyers who want great value on a reliable truck.
Our service center covers maintenance and large repairs to keep ownership costs down over time. Truck shoppers from both Indiana and Ohio find our location convenient and welcoming.
Customer satisfaction is key, so we focus on helping you drive away happy with an easy financing experience once approved.
Conclusion
Choosing between a used Ford F-150 and a Chevrolet Silverado in Indiana means looking at real costs. The numbers show the Silverado often edges ahead with lower repair expenses and strong resale values.
Both trucks stand out for their dependability and power, but your wallet may thank you if you lease the Silverado over five years. My team at Tom Tepe Autocenter and Car Country is here to help you compare these options up close.
Explore our selection when you want value from your next truck purchase.
FAQs
1. What is the average 5-year ownership cost of a used Ford F-150 vs. Chevrolet Silverado in Indiana?The 5-year cost of owning a used Ford F-150 in Indiana averages around $71,008, while a used Chevrolet Silverado comes in lower at about $62,713. These totals include depreciation, insurance, maintenance, repairs, and fuel.
2. Which truck has better resale value after five years?Both trucks perform well, but data shows the F-150 retains about 46% of its value, slightly edging out the Silverado. This means F-150 owners may see stronger trade-in offers, even though the Silverado delivers lower overall ownership costs.
3. How do the F-150 and Silverado compare on fuel efficiency in Indiana?The Chevy Silverado’s 2.7L engine reaches up to 23 MPG city and 33 MPG highway, making it a strong choice for highway commuters. The Ford F-150 averages 25 MPG city and 26 MPG highway, which is often better for drivers who spend more time on local roads.
4. What are the average annual repair and maintenance costs for these trucks?The Ford F-150 averages $788 per year in repairs, while the Chevy Silverado averages $714 per year. Both are lower than the industry average for full-size pickups, but the Silverado comes out slightly cheaper to maintain.
5. Which truck offers the best value for Indiana buyers overall?While the F-150 holds value slightly better, the Silverado typically costs less to own over five years, thanks to lower maintenance, repair, and fuel costs. Indiana buyers should consider their driving needs — city vs. highway miles, towing requirements, and budget — to decide which model fits best.
Harry Tepe, Owner and Dealer Principal, Tom Tepe Autocenter
Harry Tepe is a seasoned automotive expert and the owner of Tom Tepe Autocenter, a leading vehicle dealership serving the Midwest states of Ohio, Indiana, and Kentucky. With a lifelong passion for automobiles.
Over the years, Harry worked his way up through various roles, absorbing valuable insights into sales management and dealership operations until he became the youngest GM Dealer Principal and owner of Tom Tepe Autocenter, expanding the business to include multiple locations and a standalone reconditioning center.
Under Harry's leadership, Tom Tepe Autocenter and Car Country in Aurora and Harrison, Ohio, have grown exponentially, selling over 2000 vehicles annually and generating over $50 million in revenue. His active involvement in the industry is further evidenced by his participation in the NADA 20 Group and his influential role on the Board of Directors for the Indiana Auto Dealers Association, even serving as its President in 2016.
Harry's journey embodies the essence of expertise, authority, and trustworthiness. His insights and experiences are not just stories of personal growth and business success; they are testaments to his deep understanding of and commitment to the automotive industry.
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