Would you keep your existing truck or get a new one in this situation?

Story starts here:

TLDR version - I bought a 2021 Yukon XL Denali, two engines blew up and a third issue, so GM purchased the vehicle back. I bought a 2023 Yukon XL Denali, 3 days after purchase it had an electrical issue and sat in the shop for 40 days, then needed a new engine at 11,552 miles, and is now at the shop a 3rd time because the radio needs replaced because of Android Auto issues.

The truck is my daily driver, I put my kids in it and it is great for road trips, etc. I plan to keep whatever vehicle for quite some time.

I have looked at other vehicles, but none give me the same feeling of reliability, comfort, and size that this one does based on customer reviews (I know, funny to mention reliability in this post), i.e a Navigator or Wagoneer.


Which option would you select in this situation:

1) Keep the 2023, which has a new engine in it. GMC also has provided a 7 yr/100k bumper-to-bumper warranty (not called that, but pretty much what it is) on the vehicle directly through GM. This is NOT an extended warranty like EasyCare, but a direct warranty. Downside - the value of the vehicle is tanked. There are 6 years-ish left on the warranty.

2) Give GM the 2023 back, get a new 2024 or other vehicle and live with the standard new car warranty. Downside - no dealer extended warranty and would have to purchase a 3rd party one which will not cover as much.


Thoughts?

vehicles are a investment only in yourself, the only value they have is to you and the insurance company and less so your federal, state & local government
unless you are a collector, then you hope it goes up
otherwise they are a money pit, you can sit down and use a calculator to figure out how much it drops every single day
depreciation+fuel cost+insurance cost+maintenance cost+tax (registration fee's)
a rough very low ball estimate is $25 per day, $175 per week, in 5 years that's over $45,000
this is where the "value" comes in for yourself, is it going to get you to work everyday?, go to buy groceries?, get you to the doctor?
keeping up with the jones's is costly
a free extended warranty eases that cost

Dude that's a tough one. Not sure there is really an obvious right answer. Personally I'd go for getting the new one because I have absolutely no faith in Dealership mechanics (or technicians or whatever they want to be called now).

Dealerships pay their mechanics based off book time. So if an engine swap pays say 10 hours, then they get 10 hours of their hourly rate for doing it. Say they get it done in 5 hours, they still get 10 hours worth of pay. So if they rush through and half-*** enough such that they can get a job that pays 10 hours ,and another job that pays 6 hours, done in one day, then bam, they just got 16 hours worth of pay in one day.

IMHO this pay structure incentivizes the mechanics the rush, take short cuts, not pay attention, miss stuff and use impact guns on everything in the name of saving time. So for that reason alone I would pick the new vehicle over one a dealership had swapped the engine in.
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Either keep the one you have with the warranty, or demand a new 2025 with the duramax in it when it comes in. Those are the only acceptable outcomes I would accept.

Stbentoak said:

Either keep the one you have with the warranty, or demand a new 2025 with the duramax in it when it comes in. Those are the only acceptable outcomes I would accept.

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GM has made it very clear: 2023 buyback and go find something on your own, or keep what you have. No other option

Sad sht

Keep the devil you know rather than the one you don't know.

I would keep the one you have with the warranty. That is hard to beat. As others have said you know what you have. If you keep it for several years the value should be comparable to others of the same year and potential buyers would probably like a 12,000 newer engine, I know I would.

If you don't mind taking a loss, I would move on a get a new one. The extended warranty is not going to bring you back all the headaches and the worries you have been dealing with.

I have lemon law 3 vehicles in the last 10yrs and never looked back. The last one I lemon was my 2022 Tundra w only 17k miles.

ivin74 said:

If you don't mind taking a loss, I would move on a get a new one. The extended warranty is not going to bring you back all the headaches and the worries you have been dealing with.

I have lemon law 3 vehicles in the last 10yrs and never looked back. The last one I lemon was my 2022 Tundra w only 17k miles.

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Here's the catch......this would be a replacement for the replacement.