2021 Chevrolet Silverado 1500 Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost
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The Silverado 1500 is a popular choice in Chevrolet's lineup, and its reputation is based on the durability and style this automaker is known for. Providing a wide array of detail-oriented upgrades in this model year, you will be in awe of all the new features that are available on this model. Its impressive towing capability, powerful engine, and safety-focused tech features are some of its best attributes. The 2021 Chevrolet Silverado 1500 is a work horse through and through, and you can read more about all it has to offer below.
What's New for 2021?
This year's Silverado 1500 is available in seven different trim levels. Ranging from the entry-level Work Truck and Custom to the mid-range LT, Trail Boss, and RST to the premium LTZ and High Country, there is a trim for all. Featuring different engine types and sizes, each trim level is unique. Along with several trim level options, package enhancements are available to aide in the customization of this pickup truck. Without any major styling changes, the 2021 Chevy Silverado 1500 is still masculine and bold in appearance.
Not much carries over from the 2020 Silverado 1500, except for this truck's good looks and a few standard safety features. You can enjoy the all-new elements that give the 2021 version of the Silverado 1500 a fresh look and feel. In addition, the Silverado 1500's new selection of paint color options and special edition package offerings are fun upgrades.
The Silverado 1500's Signature Exterior Styling
One look at the Chevrolet Silverado 1500 alerts buyers to the fact that this model is different from the rest. With three new color options, choosing between Mosaic Black Metallic, Oxford Brown Metallic, and Cherry Red Tintcoat has never seemed like a greater task. A carbon-fiber reinforced bed lets you know this truck was made for heavy-duty work, while its brand-new multifunction tailgate allows you to get jobs done quicker and easier than ever before.
Despite being the same pickup truck, each trim level has its own idea of what the interior should look like. From the basic Work Truck to the upscale High Country, there are many variations of the 2021 Chevrolet Silverado 1500. With the base model offering manual locks and front seat adjustability and the highest trim boasting ventilated front seats and a head-up display, this truck is as versatile as they come.
Despite these differences, one thing remains the same in every Silverado 1500 trim level: its practicality. Storage cubbies, hauling capability, and bed length options are expected in any Silverado 1500 model.
Powertrain and Performance Facts
The 2021 Chevrolet Silverado 1500 does a great job of giving every drive and job it is all. In fact, its variety of powertrain options makes it even easier to do so. Five different engine options allow you to match your Silverado 1500 to the kind of work you will be demanding of it later. A powertrain lineup that consists of a V6 engine, four-cylinder that is turbo-charged, two V-8 options, and a Duramax diesel make this truck's powertrain completely customizable.
Smooth, quiet, and even acceleration make this truck feel like a dream to drive. Just as inspiring to drive as it is brawny under the hood, the 2021 Chevrolet Silverado 1500 offers agility and solid braking power. In addition to this experience, those who enjoy a more rugged ride can find it in the Trail Boss trim level's 2-inch body lift and all-terrain tires.
Quality, Convenience, and Comfort
Inside and out, the 2021 Chevrolet Silverado 1500 offers innovative storage options. From its in-cabin cubbies to its Durabed, this truck offers impressive storage capacity all around. Still yet, the innovative Multi-Flex Tailgate of this truck can be operated with just the touch of a button. Offering two settings, one for folding down completely and one for a half-fold to make loading easier, this tailgate is one of the most complex and rewarding we have ever seen.
Though some of the higher trim levels offer high-quality interior upholstery, the basic work truck is made of economical plastics. The variation of comfort elements with trim levels of the Silverado 1500 is undeniable.
The Insurance Institutes for Highway Safety rated the 2021 Chevrolet Silverado 1500 as a reputable truck but did not award it the coveted Top Safety Pick title. However, the National Highway Traffic Safety Administration did give this Silverado a four-star rating. With a wide array of towing enhancements and technology to make loading, unloading, and traveling with a trailer safer than ever, this truck does not offer much in the way of standard safety features. Many driver-assistive features are only available as upgrades.
Pickup trucks are notorious for providing less than desirable fuel efficiency as a trade-off for their exceptional power and towing capacity. The 2021 Chevrolet Silverado 1500 will vary greatly in the fuel economy it entails, because it is based on the engine option that is selected. While the optional diesel engine is one of the most economical, the V8 powertrain is one of the least efficiency options.
The 2021 Chevrolet Silverado 1500 is just another entry-level pickup truck in a saturated auto market. Yet, its Chevrolet namesake, unmatched durability, and consistent innovations keep it at the top of the list for consumer consideration. Those looking for a truck that will keep going when they need it the most would fare well with a 2021 Chevrolet Silverado 1500 standing behind them.
How to Calculate The Dealer Cost of a Chevrolet Silverado 1500
Formula for Calculating Dealer Cost:
- Example: Base Chevrolet Silverado 1500 invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
- What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.
Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here)
Note: All Chevrolet Silverado 1500 MSRP, invoice and dealer cost dollar figures above are approximate amounts. Prices are subject to change without notice.
A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.