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

Discussion in 'General Discussion' started by Mighty Hd, Jul 7, 2019.

  1. Mighty Hd

    Mighty Hd Full Access Member

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    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?
     
  2. intheburbs

    intheburbs Full Access Member

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

    Big Mama Full Access Member

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    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
     
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  4. 08HoeCD

    08HoeCD "Prolly" is not a real word

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    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?
     
  5. Incognito

    Incognito TYF Newbie

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    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.
     
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  6. Bob2C

    Bob2C Full Access Member

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    Keep your existing truck. Wait at least 2 model years Into the redesign so they can work the bugs out. Then go for it
     
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  7. adventurenali92

    adventurenali92 Full Access Member

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    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.
     
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  8. tst1212

    tst1212 TYF Newbie

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    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.
     
  9. Shunto

    Shunto Full Access Member

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    One of these days i'm going to figure out how to "take it with me"
     
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  10. BG1988

    BG1988 Full Access Member

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    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
     
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