Depressing Depreciation
In Alberta in 2011 my truck had a list price of just over $84,000. It could be bought for $70,000 cash. Now, three and a half years later with 62,000 miles on it I would be doing good to get $40k out ...
Forum Discussion
bogeygolfer wrote:mkirsch wrote:
I must be looking in the wrong places, because when I look at low-mileage late-model used, they're within $2000 of a new one, and you don't have the wiggle room on the price like you do with a new one.
This has also been my experience in Texas, where I buy trucks every two years or so for our company. In the last few years, I'm amazed at the prices used trucks bring, especially compared to new ones. The old logic seems to be backwards right now.
Especially used GM trucks. They tend to keep their value and sometimes appreciate in value. There's always a brisk market for them due to a lot of ex Ram and Ford guys looking to leave their troubles behind and get into a real truck.....
(:p)
