When do you throw in the towel?
We have a 2006 Suburban 2500 with the 8.1. It tows like a dream and only has 115k miles on it. The problem? It's age is starting to take it's toll. In addition to having to replace head gaskets ea...
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At $60000 for a new truck I'll keep mine going as long as possible. $5000 already this year for fuel lines, brake lines, and new brakes. That's a lot but still well under the cost of new truck payments.
I agree with the person who advised "When annual repair cost reaches 70% of new car payments, that's when it's time." Which is about what I would do if I was comfortable with new truck prices. But for me, when my truck and trailer wear out beyond repair I plan to majorly downsize.
I don't subscribe to the "When repair costs exceed replacement cost it's time" theory. The used vehicle I own and know inside and out is always better than the new-to-me used vehicle I don't know.
I agree with the person who advised "When annual repair cost reaches 70% of new car payments, that's when it's time." Which is about what I would do if I was comfortable with new truck prices. But for me, when my truck and trailer wear out beyond repair I plan to majorly downsize.
I don't subscribe to the "When repair costs exceed replacement cost it's time" theory. The used vehicle I own and know inside and out is always better than the new-to-me used vehicle I don't know.
