Paid off my 13' should I trade it while it's worth $$

[Mighty Hd]

I special-ordered my Z71 Tahoe in May of 2013. Apparently at the time, not a single one existed in the country with a rear bench seat, white Z71 with the luxury / sun / entertainment package...so I ordered it.

It will be paid off next month and I'm seriously considering trading it in for a 2019/2020 before the new body style comes out in 2021.

It has 67k on it and there is nothing wrong at all and has given me virtually a complete troublefree life; minus the dashboard replacement (out of pocket $$$) and a few minor things. GMEPP warranty until 03/2020 and will buy an aftermarket warranty once that has expired if I keep it. Just installed new Duratrac 285's, Bilstein 5100's, rotors/pads and have been super tight on the maintenance, if not an overkill in that department.

Dealers have offered between 22-24k trade in since it is so clean. Average on 23k positive equity and the purchase price on a new one of around 53-54k. I would finance roughly 34k @ 72 mo 4.2% and most likely pay it off early.

I did purchase a 19 RST 5.3 for my wife not long ago and so far so good. Fuel mileage is light years above my 13 and even with an aggressive Blackbear Tune on my 13, the 19 is much more quick. Running non-ethanol in both vehicles the 2013 gets 14c/17-19hwy and the 19 gets 18c/25+hwy

On the 19, I don't like all the exterior plastic on *everything* The door sill, mirrors and front grill seem totally cheap crap plastic and remains a concern for longevity.

If I decide to keep it, I will most likely have it another 6-8 years and give it to my Son when he can drive.


It seems rare that a vehicle is paid off and has positive equity as everyone I have spoken to says they roll over negative equity into a new car loan. Crazy.

Thoughts?

 

[intheburbs]

Enjoy a year or two without the car/truck payment. You might find you like it.

 

[Big Mama]

Agreed. Put the cash you were going to have in new car payments in the bank and have an even smaller pmt. the 19/20 will drop in value when the new one comes out and you might like the next model better. If you’re set on selling the 13 do private party and get 5k more. My .02 cents

 

[08HoeCD]

You'll probably get a variety of responses, but based on what you've stated thus far there's no apparent need to make a change. Your current vehicle isn't high-mileage and is in top condition, and it'll probably stay that way, so it's not depreciating quickly. Thus, you're holding all the cards and you're not forced to trade it sooner rather than later.

What's the rush?

 

[Incognito]

On the 19, I don't like all the exterior plastic on *everything* The door sill, mirrors and front grill seem totally cheap crap plastic and remains a concern for longevity.

Agreed. I don't care much for the styling on the 4th gen. I vote for keeping the 2013. Always wanting the newest & best can become an obsession. But then again, life is short and you can't take it with you.

 

[Bob2C]

Keep your existing truck. Wait at least 2 model years Into the redesign so they can work the bugs out. Then go for it

 

[adventurenali92]

Of course the ‘19 RST package tahoe is going to be faster than your 13 Z71. You’re talking a 6.2 V8 vs a 5.3 V8. That’s kind of a no brainer. That being said the GMT900 trucks from what I can see have a much higher longevity aspect than the current gen trucks. Having no car payment is definitely nice and new trucks aren’t always worth the new car payment.

 

[tst1212]

I'm in a similar situation, 2011/Z71/43K, in near perfect condition. I paid it off a couple years back, and can't tell you how much fun it is to drive a car without a car payment. I was at the dealer the other day for scheduled maintenance, and saw a new Z71 on the lot. The only difference is, body style and fancy new head unit. I've continued to upgrade little things, bigger tires, grill mounted light bar, cabin air filter, catch can, etc. I'm considering replacing the head unit, but other than that I love it.

DON'T GIVE IT TO THE DEALER!! Search autotrader, you can't find comps, they all have 200K miles on them. Based on both yours and my driving habit, less than 10K/year, we will probably die before the truck does.

 

[Shunto]

Agreed. I don't care much for the styling on the 4th gen. I vote for keeping the 2013. Always wanting the newest & best can become an obsession. But then again, life is short and you can't take it with you.

One of these days i'm going to figure out how to "take it with me"

 

[BG1988]

I special-ordered my Z71 Tahoe in May of 2013. Apparently at the time, not a single one existed in the country with a rear bench seat, white Z71 with the luxury / sun / entertainment package...so I ordered it.

It will be paid off next month and I'm seriously considering trading it in for a 2019/2020 before the new body style comes out in 2021.


Thoughts?

NO don't trade it in



Just pay into a savings account that you would have pay the payment on it..


that is the smartest thing to do.... normally saved for repairs just change the oil often

 

[BG1988]

Of course the ‘19 RST package tahoe is going to be faster than your 13 Z71. You’re talking a 6.2 V8 vs a 5.3 V8. That’s kind of a no brainer. That being said the GMT900 trucks from what I can see have a much higher longevity aspect than the current gen trucks. Having no car payment is definitely nice and new trucks aren’t always worth the new car payment.

yes the newer ones are not made as well as the older ones


they are expensive disposable lawn ornaments

 

[swathdiver]

yes the newer ones are not made as well as the older ones

Do the 800 guys say the same about the 900s? Do the 400 guys say the same about the 800s? Do the squarebody guys say the same about the 400s?

 

[adventurenali92]

Do the 800 guys say the same about the 900s? Do the 400 guys say the same about the 800s? Do the squarebody guys say the same about the 400s?

I’m an 800 guy and I don’t say that about the 900s.... lol

 

[calif phil]

I just sold my nice '12 LT with 71k for $21k

I am going to go for a 2016-2018 LT model. I like the new styling and some of the new features and it was enough pull to make me switch. I am on the hunt for one now.

 

[okfoz]

Here is a bit advise for you... IF you decided to trade in your 13 and get a 20, you will get $24,000 for trade in, but what is a new one with similar options? Even if you got the Base model, bare bones Tahoe, you are looking at $48,000 I imagine there might be some intensives and other things to get the price down, but no one wants a base with no options... Even so, there is taxes, which is somewhere around $1200-1500 depending... So regardless you are going to be spending around $25000 for a new one...

Now sit back and think to yourself... what could I do to my truck for $25,000??? A freaking lot!!!

 

[08HoeCD]

Here is a little job for you... IF you decided to trade in your 13 and get a 20, you will get $24,000 for trade in, but what is a new one with similar options? Even if you got the Base model, bare bones Tahoe, you are looking at $48,000 I imagine there might be some intensives and other things to get the price down, but no one wants a base with no options... Even so, there is taxes, which is somewhere around $1200-1500 depending... So regardless you are going to be spending around $25000 for a new one...

Now sit back and think to yourself... what could I do to my truck for $25,000??? A freaking lot!!!

That's one of several ways to look at it, and I don't disagree with it. And yet some people just want a newer model and always will, and that's fine, too.

Let each person spend, save or shift money as he sees fit!

 

[BG1988]

Do the 800 guys say the same about the 900s? Do the 400 guys say the same about the 800s? Do the squarebody guys say the same about the 400s?

newer cars are disposable they don't want you to fix them
and if you do it's nearly imposable with out spending an arm and a leg

 

[okfoz]

That's one of several ways to look at it, and I don't disagree with it. And yet some people just want a newer model and always will, and that's fine, too.

Let each person spend, save or shift money as he sees fit!

Absolutely, If you want a new truck, get a new truck. I have friends who are constantly buying new and selling cars to get something new, because they don't want he hassle of car repairs, or things being out of warranty, whatever, but that is their choice. I have 190K on my 07, I paid $25K for it, and even after I did some things, taxes, title transfer and all the other dealer gobblygook I was still under $30K. Around the same time I got mine, a friend bought a new truck and it was equipped about the same, I simply pointed out I paid $25K, it has 70K on it, but he has 0 miles, and paid $50,000. The end of the day, what could I do with $25K that he paid over mine? He looked at me funny as if he never thought about it that way.

The OP asked the question of whether or not he should trade it in, or keep it... Personally drive the snot out of it, if he is tired of it, then get something new... If he waits 2 years and buys a 2019 in two years with the same miles he puts on his 2013, he will be ahead financially, even if there are things to be fixed on the 19..

Looking at 2017's today, it appears that the depreciation of a typical mileage of 25,000 miles you save $20,000 over buying a brand new Premier... AND you have some warranty left...

 

[gooffeyguy]

Do the 800 guys say the same about the 900s? Do the 400 guys say the same about the 800s? Do the squarebody guys say the same about the 400s?

Like the old saying goes.....

They don't make them like they used to!

 

[avalonandl]

I just did the complete opposite. Selling my 2015 HD Duramax and buying a 2012 Yukon XL Denali of under 18k. Walking away with 24k in my pocket.......