Market Value of 05-06 Yukon XLT/Denali

[MartyMcFLy]

Let me just start off by saying I don't know much about GMC, Chevys, or SUVs.

A friend of mine is moving out of the country and is selling me his '06 Yukon XLT 5.3 w/ 4wd 106K miles. We sort of agreed on $5000 and we're going to close the deal later today. It is in good shape. No CELs, runs great! A few dings and scratches and a few surface rust spots on the chrome, nothing major that can't be touched up.

So, I went on Craigslist to compare and have seen other 06 Yukon XLTs around my area. So far, I've seen 2 that have 140,000 miles and change. They're asking 4-4.5k. They appear to be in similar shape, but haven't examined them in person.

I saw an '05 Yukon Denali for 4.5k as well...160k. My question is, are these considered good deals, or do you think something is wrong with them? KBB has them at $6000-$7500, so I'm wondering if my friend is selling to me at market value or these other ones have issue and are selling lower?

Would you consider going for a higher mileage 6.0L and passing up a lower mileage 5.3L?

 

[Danny3737]

What is the KBB price based on,private party, wholesale,or dealer?

 

[MartyMcFLy]

What is the KBB price based on,private party, wholesale,or dealer?

Private Party

 

[Erickk120]

Honestly, 5k might seem high to you but it isn't bad for just a tad over 100k for a 5.3, Those 500 dollars you are trying to save will come a long way before your truck hits 166k miles and needs more than that to maintain. I would pay 5k if that truck is in perfect running order. I paid 6.5k back in 2011 for mine with 160k miles just to have my tranny blow 20k miles later.

 

[MartyMcFLy]

Honestly, 5k might seem high to you but it isn't bad for just a tad over 100k for a 5.3, Those 500 dollars you are trying to save will come a long way before your truck hits 166k miles and needs more than that to maintain. I would pay 5k if that truck is in perfect running order. I paid 6.5k back in 2011 for mine with 160k miles just to have my tranny blow 20k miles later.

Yeah, I get what you're saying. It seems like $1,000 over what I can get it, but it is low mileage and seems mechanically sound. Would you settle with the 5.3L @ $5k or shop around for a Denali at a similar price point?

 

[Erickk120]

For daily reliability, I would probably do it, I would have tried to get it just a tad below but you already have a deal going for 5k so that is that. If you really want that 6.0 which I don't blame you I would want it too but sometimes we end up shooting our selves in the foot, for not taking the brightest decision. Ask me how I know

 

[MartyMcFLy]

For daily reliability, I would probably do it, I would have tried to get it just a tad below but you already have a deal going for 5k so that is that. If you really want that 6.0 which I don't blame you I would want it too but sometimes we end up shooting our selves in the foot, for not taking the brightest decision. Ask me how I know

Yeah, I might've jumped the gun and offered without really knowing the market value. I wasn't robbed, but I always like to look out for a good deal. I like the power of a 6.0L, however practicality tells me a 5.3L will suffice, especially if I'm not towing. I guess it's in our nature to want the biggest and baddest haha.

 

[adventurenali92]

Yeah, I might've jumped the gun and offered without really knowing the market value. I wasn't robbed, but I always like to look out for a good deal. I like the power of a 6.0L, however practicality tells me a 5.3L will suffice, especially if I'm not towing. I guess it's in our nature to want the biggest and baddest haha.

When I was shopping around for a gm full size just about 4 years ago, I was staying away from the 6.0 with fuel economy in mind. With that being said, I drove a few 5.3s in a suburban and a Yukon xls. And it just seemed a little under powered in the long wheel base trucks. The 5.3 in the standard wheel has was perfectly acceptable. but then again I like going fast so having the 6.0 now is a better choice for me. Fuel economy is only marginally less than the 5.3 so it isn’t an issue.

 

[MartyMcFLy]

That being said, what are your thoughts on a 5.3/6.0L vs a Chrysler Aspen 5.7 hemi? The reason I'm asking is because they're all in the same price range. Do any of you have any experience with pre-bailout Chryslers?

 

[adriver]

The Differences for the Denali would be a 6.0 vs the 5.3, Full time AWD (which will lose about 1-2mpg), but its AWD, and without knowing where you live, just that your vehicles have rust on em not sure how important that is to you… The Denali is leather, with an exterior body kit and upgraded trim. The Denali should have a better stereo than the other ones (if you're an aftermarket stereo kind of person, that probably won't matter). I would ask yourself if that is all worth it to you. Were you in the market for one, or is this doing your friend a favor? Is your friend moving out of the country unexpectedly, or is this something they knew was eventually coming, (as in, did they plan on keeping this thing for a while, and forced to sell it maybe moving because of a family emergency, or did they know they would only have this for several years or so such as with a military move)? Do you know the maintenance history of it? Does it need anything?

 

[Tonyrodz]

That being said, what are your thoughts on a 5.3/6.0L vs a Chrysler Aspen 5.7 hemi? The reason I'm asking is because they're all in the same price range. Do any of you have any experience with pre-bailout Chryslers?

If anything goes wrong with the 5.3/6.0, even if you need another motor, won't be too bad, but if something happens with the hemi, or even if you'll need to replace that hemi, it'll cost you 2 arms and a leg! I'm in NJ, and junkyard prices on hemis are insane in the tri state area. I'd stick with GM imo.

 

[igell]

4-5k seems to be about the going rate where i live with that kind of milleage. 106k is considered pretty low for these generation trucks.

 

[MartyMcFLy]

The Differences for the Denali would be a 6.0 vs the 5.3, Full time AWD (which will lose about 1-2mpg), but its AWD, and without knowing where you live, just that your vehicles have rust on em not sure how important that is to you… The Denali is leather, with an exterior body kit and upgraded trim. The Denali should have a better stereo than the other ones (if you're an aftermarket stereo kind of person, that probably won't matter). I would ask yourself if that is all worth it to you. Were you in the market for one, or is this doing your friend a favor? Is your friend moving out of the country unexpectedly, or is this something they knew was eventually coming, (as in, did they plan on keeping this thing for a while, and forced to sell it maybe moving because of a family emergency, or did they know they would only have this for several years or so such as with a military move)? Do you know the maintenance history of it? Does it need anything?

To be honest, the things you listed are kind of important to me if I’m going to stick with an SUV like this. I was sort of doing my friend a favor, but I really do need a daily because my car is super unreliable and I’m looking to get rid of it.

My friend was intending on keeping the vehicle, but he’s retired and moving halfway around the world.

This vehicle was sort of “in the family” because his brother in law was the original owner and he bought it from him about 5 years ago. He barely put 30k miles on it. From what it seems, it looks like he took care of it. No leaks or weird noises. It rides fine. It’s just not cosmetically the best. I live up north in the rust belt, so it has seen a few winters, although I think it’s originally a southern vehicle.

 

[MartyMcFLy]

4-5k seems to be about the going rate where i live with that kind of milleage. 106k is considered pretty low for these generation trucks.

Where are you from?

 

[igell]

N california

 

[Gatorpro13]

Go with the $5k 06’. I had. 05’ 180k+ and never had a major issue. I currently have an 04’ with 280k miles on it and it still runs strong.

 

[mountie]

Gas mileage is better when leaving Big Bear, verses going there...
( I used to live in Newport Beach)
I don't know what state the buyer lives in, but those prices seem quite nice to me......

I bought my Yukon XL SLT earlier this year with 140,000 miles... Beautifully maintained - absolutely flawless . For about $9,000..... and I am happy. ( friend bought it at auction.... It was a GMC dealer trade in.)

 

[dnt1010]

Let me sart off by answering your question about do I think something is wrong with a 12 year old vehicle with over 100k miles. HECK YEAH there is stuff wrong with it LOL. The big question is what exactly is wrong with it. I would not pay that much for it but 5K sounds about right for an average market price. I would try to allow enough cash in the deal to change all the fluids Coolant/Brake fluid/Differentials/Transfer case/power steering fluid/Transmission fluid to make sure you get another 100k fairly trouble free miles. Do you think your ole buddy would do you a solid and have all that done for you before you pick it up and still keep the price at 5k?

 

[latvius]

It's a good deal get it.

 

[MartyMcFLy]

Let me sart off by answering your question about do I think something is wrong with a 12 year old vehicle with over 100k miles. HECK YEAH there is stuff wrong with it LOL. The big question is what exactly is wrong with it. I would not pay that much for it but 5K sounds about right for an average market price. I would try to allow enough cash in the deal to change all the fluids Coolant/Brake fluid/Differentials/Transfer case/power steering fluid/Transmission fluid to make sure you get another 100k fairly trouble free miles. Do you think your ole buddy would do you a solid and have all that done for you before you pick it up and still keep the price at 5k?

We pretty much agreed on 5k and I'm currently driving it. It is in very good condition mechanically and even aesthetically. Sure, there are small chips and scratches but nothing major. With a buff and polish with some touch up paint, I can make it look near-new.