Forum Discussion
ShinerBock
Oct 06, 2020Explorer
32vld wrote:
Spending $5,000 more plus the added interest on the higher overall price for a diesel
to sell a vehicle for $5,000 more minus the added interest leaves one with getting
less than $5,000 back at resale.
spending more so sell for more 10 years later, incurring higher interest charges
is not smart financial planning.
I said more than $5,000 because you generally receive roughly 60-80% of what you paid for an upgrade back in resale. This goes for any option like the $10-11k high trim options, $3k on a 4wd option, $2.5k crew cab option, or even $2.5k going from the base gas engine to a premium gas engine. However, you never fully recoup that money spent on these options at resale and in some cases ,like 4wd and premium gas engine options, you end up spending more over the life of the vehicle due to lower fuel mileage and higher maintenance costs.
With diesels, you not only recoup 60-80% of the upfront costs like all the other options, but you also recoup it in fuel mileage as well. So unlike those premium gas engine options that cost $3-4k over the base engines and even more in the long run, with a diesel you get more power and most if not all of the up front cost will be paid back through fuel mileage if you keep it long enough or through fuel mileage and resale if you don't.
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