Is the $8,250 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as Fair Price because the asking price of $8,250 is within the typical market range for this vehicle.

What is the average price for a 2016 Chevrolet Silverado 1500 in IN?

Based on 1,129 comparable listings in IN, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $20,715, with prices ranging from $6,887 to $44,640.

How long does a 2016 Chevrolet Silverado 1500 typically stay on dealer lots?

Comparable Chevrolet Silverado 1500 listings in IN spend an average of 44 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Columbus, IN 47201. VIN: 1GCVKRECXGZ231467. Mileage: 202,312 miles.

What is the fair market price range for this 2016 Chevrolet Silverado 1500?

OAV's Price-to-Market analysis estimates the fair market range is $8,246 to $20,750, based on 9 comparable vehicles.

No Photo Available

Vehicle Details

VIN1GCVKRECXGZ231467

TrimLT

Exterior ColorRed

Drivetrain4WD

Engine5.3L V8

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot6

2016 Chevrolet Silverado 1500

Unscored

$8,250202,312 mi

Columbus, IN 47201

Is this 2016 Chevrolet Silverado 1500 LT a good deal?

OAV verdict: Unscored

Why: Listed at $8,250, comparable market range $8,246–$20,750, based on 9 comparable listings. Days on lot: 6 days (market average 44 days).

Market price position

$8,250 · within market range

$8,246comparable$20,750

Regional range: $8,246 – $20,750
vs. market: $4 above low · $12,500 below high
Comparable vehicles: 9

Market Retail Price (MRP™)

$14,498

This vehicle $8,250 · $6,248 (43%) below MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$12,955

This vehicle $8,250 · $4,705 (36%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-14) — an estimate, not an appraisal. How TRV works.

Demand-Verified· Backed by recent sales data

Faster-than-average sell-through

Similar vehicles recently sold in an estimated 10–60 days.

What does Demand-Verified mean?

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges refresh daily.

Local Range$8,246 – $20,750

Regional Range$8,246 – $27,655

Ford Of Columbus

Columbus, IN

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

View all vehicles from ford of columbus →

Request availability and out-the-door price

OAV will route your inquiry to Ford Of Columbus for current availability of this 2016 Chevrolet Silverado 1500 LT and an out-the-door price quote (taxes, fees, addons included).

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2016 Chevrolet Silverado 1500

Listing updated: Jul 14, 2026

Listed by a franchise dealer in Columbus, IN · On lot for 6 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $8,250 by ford of columbus in Columbus, IN 47201. It has 202,312 miles on the odometer. The exterior color is Red. It features a 4WD drivetrain with a 5.3L V8 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Unscored due to insufficient comparable data. Based on 9 similar vehicles in the Columbus market, the estimated market range is $8,246 to $20,750. The local market range in IN is $8,246 to $20,750.

This vehicle has been on the lot for 6 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477).

Market context

This listing is part of OAV's broader Columbus, IN trucks market analysis. OAV compares vehicles using local and regional price-to-market ranges, days-on-lot, comparable count, and demand signals where available.

How this deal is rated

OAV compares this 2016 Chevrolet Silverado 1500 against similar vehicles currently available in the local and regional market — same make, model, and year range, filtered for comparable mileage. Based on where this listing falls in that comparable set, it is rated:

Great Deal — priced below the typical range for comparable vehicles.
Fair Price — priced within the expected range for comparable vehicles.
Overpriced — priced above the typical range for comparable vehicles.

Listings show OAV's PTM-derived deal quality and live market context. OAV-claimed dealers manage their listing profile and route buyer inquiries directly. Paid OAV partners surface additional verification signals.

How this listing is verified

This vehicle listing was aggregated from a franchise dealer in Columbus, IN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCVKRECXGZ231467 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented methodology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is refreshed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2016 Chevrolet Silverado 1500 Market in IN

Comparable Vehicles

1,129

Average Price

$20,715

Price Range

$6,887–$44,640

Avg Days on Lot

Based on 1,129 comparable 2014-2018 Chevrolet Silverado 1500 listings in IN, the average asking price is $20,715. This listing at $8,250 is $12,465 below average (60% below market). Comparable prices in IN range from $6,887 to $44,640. Similar vehicles spend an average of 44 days on dealer lots in this market.