Used 2016 Chevrolet Silverado 1500 for Sale nearLexington, NC

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 6.51% compared to this time last year, making it a favorable time to shop this model year.

There are 4,922 listings available, which suggests you have a solid amount of inventory to compare.

If you find a listing below $18,755.14, 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. Owners consistently praise its value, reliability, comfortable features, good gas mileage, and stable road manners, while the design and feature set also draw positive feedback. For you, that makes it a sensible pick if you want a full-size pickup that balances everyday usability with capability and modern convenience features. With 27.8% 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 highlights reliability, and it also points to a dependable, trouble-free ownership experience for many drivers. That said, some shoppers do mention concerns tied to the Chevy Shake issue, so you should still pay close attention to how a used example drives and feels.

For used buyers, the main long-term risk is ending up with a truck that looks good on paper but has hidden vibration or maintenance issues.

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

At 62.2% 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 pre-purchase inspection, especially if the truck has higher mileage or signs of heavy use. Focus on overall condition, drivability, and evidence of consistent maintenance rather than just trim level or feature count.

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 feeling rushed.

• Deal availability: 27.8% of listings are priced as good or great deals.
• Inventory: There are 4,922 listings available.
• Price trend: Prices have softened 6.51% compared with last year.
• Clean inventory: 62.2% of listings are accident-free.

If you find a listing below $18,755.14, 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 $18,752 sits slightly below last year's $20,057.

That price movement suggests the market has cooled, which can help you buy at a more favorable point if you plan to keep the truck for a while. If you later sell, a model that was purchased at a softer price can be easier to position competitively. Strong owner satisfaction also helps support demand when it is time to list the truck again.

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:

• 27.8% of listings are priced as good or great deals.
• At 62.2% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 6.51% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,090, the 2015 costs less than the current year's $18,752 average.
• It offers a simpler, 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 modern tech, broader appeal, and strong owner satisfaction. If your priority is saving money upfront, the 2015 is the better value play, especially if you do not need the newer convenience and safety updates.

These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.