Used 2016 Chevrolet Silverado 1500 for Sale nearOakville, ON

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 7.41% compared to this time last year, making it a favourable time to shop this model year.

There are 264 listings available, which gives you a reasonable amount of inventory to compare before you buy.

Is the 2016 Chevrolet Silverado 1500 a good car?

Yes — the 2016 Chevrolet Silverado 1500 earns a 4.5/5 user rating, which points to strong owner satisfaction. Owners commonly praise its great value, reliability, comfortable features, good gas mileage, and stable road manners. For you, that makes it a sensible choice if you want a full-size pickup with broad appeal for work, family use, or both. With 22.3% of listings marked as good or great deals, there is still some market opportunity if you shop carefully.

Is the 2016 Chevrolet Silverado 1500 reliable?

Owners rate it 4.5/5, a strong signal of long-term satisfaction.

The owner feedback also points to reliability, with many drivers describing it as dependable and a truck they can count on over the long term. That said, some owners mention the Chevy Shake issue, so you should pay close attention to service history and how the truck drives on a test route. For used buyers, the main long-term ownership risk is avoiding examples with unresolved transmission or drivability concerns.

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 be choosy without expecting deep discounts on every listing.

• Deal availability: 22.3% of listings are priced as good or great deals.
• Inventory: There are 264 listings available.
• Price trend: Prices have softened 7.41% compared with last year.

If you find a listing below $19,207 CAD, 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 $19,722 CAD sits slightly below last year's $21,300 CAD.

That softer pricing can help you as a buyer today, but it also suggests a future seller may need to price competitively to stand out. If you own one for a few years, the current market trend implies resale value may remain sensitive to condition, mileage, and maintenance history. Trucks with clean records and desirable equipment should still attract attention, especially when the model continues to draw steady shopper interest.

Vehicles with strong owner satisfaction ratings, like this model year's 4.5/5, 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:

• 22.3% of listings are priced as good or great deals.
• Price trend: Prices have softened 7.41% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

The bottom line: The 2016 Silverado 1500 makes the most sense if you want a well-equipped full-size pickup with broad body-style choice, strong owner approval, and a market that still offers some deal potential. If you are more price-sensitive, you may want to compare nearby years and focus on the cleanest, best-maintained truck rather than chasing the newest badge alone.

How does the 2016 Chevrolet Silverado 1500 compare to the 2016 Ford F-150?

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