2021 GMC Savana 2500 Cargo Van Ownership Costs and Reliability
GMC has always maintained its stance as the slightly uptown offering in the crowd whilst maintaining a competitive price tag. While the pickup trucks have seen their fair share of troubles, the vans have remained reliable in the long run.
What is the Reliability and Ownership Costs of the GMC Savana 2500 Cargo Van?
The GMC Savana 2500 is the spiritual successor to the GMC Vandura and has stayed in the same generation without any major changes for about 25 years now. While the design has changed minutely over the years, reliability and practicality have stayed intact. While the J.D. Power report is the best way to judge a car’s reliability factor, for the Savana 2500, the same is not available. That being said, the best bet to judge the van’s reliability, in this case, is by looking at its history of recalls. In the past few years, the Savana 2500 has not seen any recalls and hence can be called a reliable proposition in the segment.
Seeing the track record that the van has in the past years, you might be thinking of getting it for your business transportation needs. Considering you pick up the standard wheelbase variant of the 2021 GMC Savana 2500 Cargo van, the following are the 5-year costs of ownership that you will encounter:
Category
|
Year 1
|
Year 2
|
Year 3
|
Year 4
|
Year 5
|
Total
|
Insurance
|
$841
|
$870
|
$901
|
$932
|
$965
|
$4,509
|
Maintenance
|
$362
|
$667
|
$588
|
$2,099
|
$1,030
|
$4,746
|
Repairs
|
$0
|
$0
|
$114
|
$270
|
$394
|
$778
|
Taxes & Fees
|
$2,761
|
$21
|
$88
|
$21
|
$88
|
$2,979
|
Financing
|
$1,733
|
$1,393
|
$1,032
|
$645
|
$233
|
$5,036
|
Depreciation
|
$6,241
|
$2,018
|
$1,910
|
$2,241
|
$2,122
|
$14,532
|
Fuel
|
$2,549
|
$2,625
|
$2,704
|
$2,785
|
$2,869
|
$13,532
|
True Cost to Own
|
$14,487
|
$7,594
|
$7,337
|
$8,993
|
$7,701
|
$46,112
|
The true cost to own the GMC Savana 2500 is $46,112. For the cargo van that costs almost 35 grand, spending about 11k more over the next 5 years does not seem like a huge bargain. Thankfully, most of the ownership costs are limited in the first year owing to depreciation, state taxes, and financing fees. As time passes on, the effect of all of these reduces and hence the cost of ownership reduces consequently. If you want to offset about 20% of the ownership costs, then you can opt for an extended warranty plan along with a periodic maintenance plan.
What kind of Warranty does GMC offer?
When you buy a new car, one of the newest best friends that comes with it is the warranty. With the Savana 2500, the brand offers a limited bumper to bumper warranty for a period of 3 years or 36,000 miles, whichever comes first. The Corrosion warranty also lasts for the same period.
The powertrain and 24-hour roadside assistance are in place for a period of 5-years or 60,000 miles, whichever comes first. The other coverages in the warranty are:
Criteria
|
Period
|
Limited warranty
|
3 years / 36,000 miles; whichever is first
|
Powertrain warranty
|
5 years / 60,000 miles; whichever is first
|
24-hour roadside assistance
|
5 years / 60,000 miles; whichever is first
|
Corrosion Protection Warranty
|
3 years / 36,000 miles; whichever is first
|
Rust Protection Warranty
|
6 years / 100,000 miles; whichever is first
|
You might lament the fact that the van comes with a rather shorthanded warranty as standard. However, you still have the option of extending it to a total of 5-years or 60,000 miles; whichever comes first.
There are a lot of plans available in the extended warranty statement, the most famous one being the Platinum plan which covers more than 1,000 components of various assemblies and sub-assemblies in the vehicle.
But if you want, you can discuss with your dealer to work out a custom plan for you that can cost anywhere between $1,400 to $4,700.
Miles Per Dollar
When you are using a car for business, the costs associated with it become of paRAMount importance. Considering you complete around 15,000 miles annually with the 2021 Savana 2500, you will incur an annual fuel cost of about $2,670. Now, that is not cheap. At those numbers, you are spending almost 18 cents per mile that you drive it around, or you are getting 5.6 miles per dollar.