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re: Is 2- or 3-year-old Tahoe a smart purchase?
Posted on 1/8/19 at 5:36 am to Paul Allen
Posted on 1/8/19 at 5:36 am to Paul Allen
quote:
So what’s changed? They still have a precipitous depreciation when driven off lot.
The depreciation hits the original owner when they trade in. Most of its wiped out in the profits of the used car sales dealer. How many people buy directly from someone. It's usually at a dealer. So that 30k vehicle took a 25% hit in the first year. Now its trading for 22.5. Dealer is listing for 26. A lot of people will just pay an extra 4k (especially on a note) to have an untouched hed car.
0
Posted on 1/8/19 at 6:54 am to Zachary
They aren’t as good of a deal used as they were 5-6 years ago.
Good vehicle though. Unless you were okay with a higher mileage example, you may want to consider a new one.
Good vehicle though. Unless you were okay with a higher mileage example, you may want to consider a new one.
Posted on 1/8/19 at 7:01 am to Capital Cajun
quote:
Just bought a new one a couple weeks ago, I was considering used but one a couple years old with 30 - 45k miles was only 2-3k cheaper.
Don’t know what the used Tahoe market is but a few more bucks may get you new
The used truck prices aren’t the sweet deal they were. I think the sales dropped for a couple of years during the recession in 2008-2010. It really started tightening the used truck market in 2010 or so.
I don’t think prices have come down since then.
Posted on 1/8/19 at 7:06 am to CaptainBrannigan
Every time.
Posted on 1/8/19 at 7:14 am to marchballer
quote:
No disagree. Buy new. People who think cars lose half their value as soon as you drive off the lot haven’t purchased a car in 15 years
This. New not be much more expensive.
Posted on 1/8/19 at 7:21 am to Crimson
quote:
ary Probably a smarter purchase than a new one.
Can you depreciate a used one (honestly do not know). If so, then I agree. If not, I think it depends on circumstances.
Posted on 1/8/19 at 7:22 am to Zachary
I just bought a 2016 Tahoe with 6000 miles. I think its smart.
Posted on 1/8/19 at 7:48 am to Zachary
Go to Texasdirectauto.com for easy research. Their pricing is close to market value.
A ‘16 LT 2WD with 20-30k miles is $41k. What does a new one cost? Let’s assume it’s $48k. That’s $7k in depreciation or ~$250/month. If you can float the note on the new one, cost of ownership for the first few years seems reasonable.
A ‘16 LT 2WD with 20-30k miles is $41k. What does a new one cost? Let’s assume it’s $48k. That’s $7k in depreciation or ~$250/month. If you can float the note on the new one, cost of ownership for the first few years seems reasonable.
Posted on 1/8/19 at 7:56 am to marchballer
quote:
No disagree. Buy new. People who think cars lose half their value as soon as you drive off the lot haven’t purchased a car in 15 years. Let us know if you can find a 2 or 3 year old car that is actually a good price compared to going new
Price a new audi A8 and compare that to one three years old.
Posted on 1/8/19 at 7:58 am to Zachary
We bought a ‘14. No regerts
Posted on 1/8/19 at 8:44 am to Zachary
Used Tahoes are overpriced.
Expeditions are better vehicles and priced better.
Expeditions are better vehicles and priced better.
Posted on 1/8/19 at 8:52 am to pjab
Just bought a CPO 2017 LT with 12k miles for $42k in Dallas.
Best deal I could find aside from some 2018 "loaner" models with +/-3,000 miles that were absolute bait postings and "were just sold the night before" between 4 lots in the Dallas area.
Best deal I could find aside from some 2018 "loaner" models with +/-3,000 miles that were absolute bait postings and "were just sold the night before" between 4 lots in the Dallas area.
Posted on 1/8/19 at 8:55 am to Jim Rockford
quote:
avalanche
quote:Mine has 187k and is still going strong.
everybody says it should make 150K with normal maintenance
Posted on 1/8/19 at 8:55 am to MonicaLewinsky
quote:
Expeditions are better vehicles and priced better.
Posted on 1/8/19 at 8:58 am to Shunface
I just bought a 2012 Tahoe for my wife to drive so I’m gonna say find one a little older
Posted on 1/8/19 at 9:23 am to OysterPoBoy
quote:
Just the fact that a stranger hasn’t jerked off in your backseat yet has to add a couple thousand worth to a new car.
Posted on 1/8/19 at 9:25 am to Zachary
It's insane how much the price of a new Tahoe has gone up
Posted on 1/8/19 at 9:25 am to Ash Williams
Are you self-employed? If so then any vehicle over 6000 pounds is what you want to buy for the tax write-off.
Posted on 1/8/19 at 10:18 am to eScott
quote:
Price a new audi A8 and compare that to one three years old.
Top end/flagship luxo barges will still depreciate rapidly, sure.
But the general rule to always buy a year or two used doesn't apply nearly as much as it used to for the vast majority of models on the market.
Posted on 1/8/19 at 10:26 am to CaptainBrannigan
quote:
When is buying a Chevy ever a smart purchase?
1990 Silverado. Sold 12 years later at 190k miles for $2k.
2004 Avalanche. Sold 12 years later at 205k miles for $2k.
I may be more lucky than smart though.
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