Depreciation!

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Stresst

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I cannot believe how bad these trucks depreciate! I owned a few preowned Escaldes and even a Denali so I am well aware of how they drop! BUT I purchased a 2017 Luxury last December and have been watching the market and am SHOCKED by how bad this body style is retaining its value! I am truly blown away!
 

Jorge1313

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I bought it new I had a better deal new than used I look all around 34,000 miles on 2017 Tahoe for $39,000 dollar. Wow that’s expensive couldn’t find anything better some had 40,000 miles on them and 40,000 thousand dollars used and expensive. These model are mostly base model cloth seat . At least a found 2018 new one with leather so far for 46,000 thousand dollars .Sometime a used deal not worth it if your saving five thousand from used to new. And it has @al ost 40,000 miles o it
 

07Burb

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Yep....that's the biggest downside of buying a brand new vehicle :shrug: just part of the deal regardless of make or model (with a few exceptions of course!)
 

LT1ZOB

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Last one I bought was an 07 2LT Tahoe brand new. Drove it off the lot for 38ish. Leased a bunch of traverses after that, so never paid attention. Started looking early this year. Was blown away by the 60ish tag for a comparable 2LT now days.
Personally, I didn’t mind the depreciation at all. Picked up a 16(initially bought in early 17), with 22k miles and bumper to bumper warranty until Feb of 2020 for low 30s.
 

GTNator

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Used car prices are actually going up a bit and/or holding much more than usual, according to financial analysts. This was reported from August to September so just a short time period for what it’s worth.


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07Burb

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Used car prices are actually going up a bit and/or holding much more than usual, according to financial analysts. This was reported from August to September so just a short time period for what it’s worth.


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I'm gonna assume that may be due to many more considering buying used vehicles these days with new car prices going up as high as they are. :shrug: just a guess, tho
 

GTNator

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I'm gonna assume that may be due to many more considering buying used vehicles these days with new car prices going up as high as they are. :shrug: just a guess, tho

That’s exactly right! They mention sticker shock for new vehicles as the main reason.


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