Used 2016 Chevrolet Silverado 1500 for Sale nearChicago, IL

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 6.22% compared to this time last year, making it a favorable time to shop this model year.

There are 4,916 listings available, which suggests you have a solid amount of inventory to compare.

If you find a listing below $18,837, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Chevrolet Silverado 1500 a good car?

Generally — the 4.45/5 user rating points to strong owner satisfaction for this model year. Owners consistently praise its value, reliability, and comfortable features, and they also call out good gas mileage and stable road manners. For you, that makes it a sensible fit if you want a full-size pickup that balances everyday usability with familiar truck capability. With 24.6% of listings marked as good or great deals, there is still room to shop selectively.

Is the 2016 Chevrolet Silverado 1500 reliable?

Owners rate it 4.45/5, a solid signal of long-term satisfaction.

The owner feedback emphasizes reliability, dependable ownership, and a truck that many drivers feel comfortable counting on over time. That said, some owners mention the Chevy Shake issue, so you should pay attention to how a used example drives and whether any vibration concerns show up during a test drive. For used buyers, the main long-term ownership risk is ending up with a truck that has been maintained inconsistently or shows unresolved drivability issues.

What should I look for when buying a used 2016 Chevrolet Silverado 1500?

At 60.8% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report so you can separate clean examples from trucks with prior damage. After that, prioritize a thorough inspection of the body, frame, suspension, and any signs of uneven wear or repair quality. Because condition varies meaningfully across the market, focus on how the truck was used and maintained rather than just the asking price.

Is now a good time to buy a used 2016 Chevrolet Silverado 1500?

This looks like a moderate, selective buyer’s market, so you can shop carefully without expecting every listing to be a bargain.

• Deal availability: 24.6% of listings are priced as good or great deals.
• Inventory: There are 4,916 listings available.
• Price trend: Prices have softened 6.22% compared with last year.
• Clean inventory: 60.8% of listings are accident-free.

If you find a listing below $18,837, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Silverado 1500's resale value?

The current average of $18,845 sits slightly below last year's $20,095.

That price movement suggests the market has cooled, which can help you buy at a more favorable entry point today. If you plan to resell later, a lower purchase price can reduce your depreciation exposure, especially if you buy a clean, well-kept truck. Strong owner satisfaction also helps support demand when it is time to sell.

Vehicles with solid owner satisfaction ratings, like this model year's 4.45/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Chevrolet Silverado 1500 or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 24.6% of listings are priced as good or great deals.
• At 60.8% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 6.22% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,101, the 2015 costs less than the current year's $18,845 average.
• It leans on a straightforward, traditional truck formula with familiar capability and everyday usefulness.

The bottom line: You should lean toward the 2016 if you want the better mix of updated tech, broader market availability, and still-reasonable pricing. If your priority is spending less up front, the 2015 is the better value play, especially if you find one in strong condition and do not need the newer features.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.