The 2023 Chevy Tahoe stands as the fifth-generation full-size SUV’s third model year. During the fourth generation’s final model year, the 2020 Tahoe was recognized to have the lowest estimated five-year cost of ownership. Now, the 2023 Tahoe has received the same recognition.
According to a report from Kelley Blue Book, the 2023 Chevy Tahoe is the least expensive full-size SUV to own over the span of five years. In fact, with an estimated five-year cost to own calculated at $71,337, the Tahoe is $3,901 cheaper than the segment average.
It’s worth noting that the Nissan Armanda boasted the lowest estimated five-year cost of ownership for the 2022 rendition of this study.
To calculate this figure, KBB collected data on projected resale value, while also taking into consideration factors like insurance costs, state fees, fuel, maintenance, and repair outlays. Each vehicle’s initial cost is calculated from KBB’s Fair Purchase Price. In addition, vehicles are sales-weighted, meaning that popular trims are given greater influence so that the average buyer has a better idea of what to expect from the ownership experience.
As a reminder, the 2023 Chevy Tahoe is available with a number of powerplant options, including the naturally aspirated 5.3L V8 L84 gasoline engine, rated at 355 horsepower and 383 pound-feet of torque, the naturally aspirated 6.2L V8 L87 gasoline engine, rated at 420 horsepower and 460 pound-feet of torque, and the 3.0L I6 LM2 turbodiesel Duramax engine, rated at 277 horsepower and 460 pound-feet of torque.
Under the skin, the Tahoe rides on the GM T1 platform, which it shares with GM’s full-size SUV lineup. Production of the 2023 model year kicked off on July 18th, 2022 place at the GM Arlington plant in Texas.