Chevrolet Silverado 1500 Loan Calculator

Our Loan Calculator display shows you how your Chevrolet Silverado 1500 loan balance compares to the ongoing value of your vehicle. With financing, each monthly payment will reduce the balance of your loan. Unfortunately, during this same period, your vehicle's resale value will decline as well. The purpose of this tool is to show you how you can finance your Silverado 1500 to ensure that your loan balance declines faster than the value of your vehicle.

With your results below, the goal is to have the shaded area be entirely green. This likely means that the value of your vehicle will always be greater than your loan balance. If you see yellow or red, your loan balance at some point will be at or above the value of your vehicle. You want to avoid this as we describe here. For the best financial outcome, adjust your loan terms, or choose a vehicle that doesn't depreciate as rapidly.

Chevrolet Silverado 1500 Payment & Amortization Calculator

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Projected Resale Value
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Refinancing an Auto Loan

Refinancing an auto loan means taking out a new loan to replace your current one, usually to get a lower interest rate or better terms. This can lower your monthly payments or save you money on interest over time. It's a good option if your credit score has improved or if interest rates have gone down, but it's important to make sure the benefits outweigh the costs. Use the form below to see the best rates available from reputable lenders instantly.

Chevrolet Silverado 1500 Projected Resale Value vs Loan Balance

Year Resale Value Loan Balance Difference
0 $58,840 $47,072 +$11,768 (20%)
1 $46,760 $40,528 +$6,232 (13%)
2 $46,189 $33,510 +$12,679 (27%)
3 $40,529 $25,987 +$14,542 (36%)
4 $38,899 $17,920 +$20,979 (54%)
5 $36,975 $9,272 +$27,703 (75%)
6 $31,874 $0 +$31,874 (100%)

Chevrolet Silverado 1500 Monthly Payment

Loan Term 72 Months
APR 6.99%
Paid in Full Feb, 2031
$802.30
Total Principal $47,072
Total Interest $10,689
Total Cost of Loan $57,761
$802.30
Loan Term 72 Months
APR 6.99%
Paid in Full Feb, 2031
Total Principal $47,072
Total Interest $10,689
Total Cost of Loan $57,761

Chevrolet Silverado 1500 Loan Amortization

Month Interest Principal Balance
Mar, 2025 $274.19 $528.00 $46,544.00
Apr, 2025 $271.12 $531.00 $46,013.00
May, 2025 $268.03 $534.00 $45,479.00
Jun, 2025 $264.92 $537.00 $44,942.00
Jul, 2025 $261.79 $541.00 $44,401.00
Aug, 2025 $258.64 $544.00 $43,857.00

This Chevrolet Silverado 1500 is expected to lose $26,966 of its resale value during the 72 months of this loan. Check out our Chevrolet Silverado 1500 Depreciation Calculator for a detailed analysis of the Silverado 1500's past and expected future depreciation. This user-friendly tool allows you to interactively see how well the Silverado 1500 has, and will continue to, hold its value, during your specific ownership period. It will even suggest to you the best Silverado 1500 model years to buy to get the best value.

Other Chevrolet Silverado 1500 Costs of Ownership

Finding a car or truck that saves on financing costs is important. But, it's also imperative to view all major Chevrolet Silverado 1500 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses:

Chevrolet Silverado 1500s For Sale

2021 Chevrolet Silverado 1500 RST

Mileage: 32,614
Mileage: 32,614     Price: $39,000
Location: Sterling, VA ~ 3 miles away
Dealer: Safford Brown Cdjr Of Sterling
Days on Market: 197
Colors (ext/int): Black / Jet Black

$39,000


2021 Chevrolet Silverado 1500 LT

Mileage: 34,053
Mileage: 34,053     Price: $34,850
Location: Sterling, VA ~ 4 miles away
Dealer: Easterns Automotive Group
Days on Market: 68
Colors (ext/int): Shadow Gray Metallic(Gray) / Black

$34,850


2023 Chevrolet Silverado 1500 Work Truck

Mileage: 16,412
Mileage: 16,412     Price: $26,490
Location: Sterling, VA ~ 4 miles away
Dealer: Easterns Automotive Group
Days on Market: 95
Colors (ext/int): Summit White(White) / Black

$26,490




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