My '05 Tahoe z71 has 196,000 miles on it. Bought it new. One break job, one water pump is all I have spent on it. I think I paid around 45,000 for it new. That comes to about $250/month. I plan on driving it until who knows how long. I could spend $10.000 on it and still be ahead vs buying new...
In my opinion, the only way to overcome depreciation is what I have done for the first time in my life. I used to trade every 3 to 4 years and took a beating even though I always paid cash for the difference. My last purchase was a new '05 Tahoe Z71, loaded with all options. I paid somewhere...
I also bought my '05 Z71 Tahoe new. Now have 191,000 miles on it. It has every factory option available in 05 and everything still works. The only money I have spent was to replace the water pump in Jan of this year. My family keeps trying to get me to buy something new, but I have resisted. I...
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