When to Sell?

[kuslamb]

General question here, applying it to my 2016 Yukon XL Denali - I have just under 80,000 Miles. Overall, what do you all think is the best time to sell a car and upgrade to a newer version? I will buy the exact same vehicle as I have now.

 

[Blueinterceptor]

I think you’re there. Three years old. 80k. No warranty except the power train maybe.

 

[Illnasty]

Keep it forever. I’m running my 2002 Denali with 267k.

 

[Doubeleive]

personally I would do it before it hits 100k that seems to be pretty much the breaking point for dealers anyway they always try to get more money for them when there under 100k or just over a hair, you can go to Kelly blue book and just juggle the miles around a few times and see what it says

 

[Boatguy272]

I agree with both,,,,, if you want a new vehicle soon,,,, now is the time to get rid of it.

The other school of thought is,,,,, if its been good to you drive it till the doors fall off. That is the only way to really get your money out of a vehicle.

 

[drakon543]

i would say you have 2 big cut off points with mileage. before 100k will always be your best bang for your buck to get the highest return. then before 150k after that your in the realm of them offering you practically nothing as a trade in. before 100k they can easily turn a vehicle around and resell it. before 150k they can still sell it off thier lot but at a typical as is price. after that depending on its condition they might just ship it off to auction to get it off thier lot.

 

[rico387]

General question here, applying it to my 2016 Yukon XL Denali - I have just under 80,000 Miles. Overall, what do you all think is the best time to sell a car and upgrade to a newer version? I will buy the exact same vehicle as I have now.

Brace yourself. You already have over 6x the DOT average mileage on the clock. (12334 is yearly avg.) If you’re going to sell, you may want to make it fast. The new models will be widely available soon, and your truck will be worth less by the day.

 

[coupdevill]

After owning 5 Chevy Suburbans since 1999 and driving all of them over 200K, my suggestion is to sell around 150K as you are going to start putting some real cash into it. I drive 30K+ a year loaded with gear almost always at or above the speed limit.

 

[Stresst]

Later this year they will be releasing the 2020 which is a new body style. I would wait it out. IMO its crazy to sell your 16 to buy a 19 when the new body is right around the corner. Good luck!

 

[ChrisYukon]

If you want to buy a new car, then consider trading yours in and taking the plunge. It's really hard to make an economic argument in favor of it, though. "I bought a new $60,000 car because I wanted to avoid $10,000 of repair bills" doesn't make a lot of sense.