Has GMC Denali Name become too common?

[cardude2000]

Never said it did- just that I don't make 150k. However purchase price is really irrelevant. Cost of ownership (specifically depreciation) matters more and some brands with high stickers could have much lower cost of ownership than a $30,000 sedan, especially if the sedan buyer gets greased by the dealer at purchase. Having said that, this GM platform, and all it's issues, isn't going to bode well in TCO. Hence the reason I won't buy it (whether it molds into your model or not).

Right.

Total annual cost of ownership is what matters and that should be less than 20% of gross.

Its not 'my' model btw.

 

[JayceeP]

Right.

Total annual cost of ownership is what matters and that should be less than 20% of gross.

Its not 'my' model btw.

No, no, I know what you are saying. It's a good metric to go by to ensure your capital is going to the right places. Some guides even go as low as 10% purchase price relative to annual income. I'm closer to 1/3 between our cars.

However, the total annual cost of ownership, even on the 20% rule would be well below for us as we could tolerate upwards of $40-$50000 per year in annual costs based on presenting the "rule" that way. Our mortgage and property taxes doesn't even hit that- I would never spend that much on a vehicle. Maybe 10% (assuming gas, insurance, maintenance, depreciation etc is included).

 

[2011SSVHOE]

So I agree wholeheartedly with you. Way too many people are signing on the line for things they cannot truly afford. But that’s the American way and none of my damn business lol.

A lot of people are just one paycheck away from bankruptcy. I see it at work. They work 50-55 hours a week and when they cut out overtime they panic. But they got the nice shiny cars and trucks.

 

[cardude2000]

No, no, I know what you are saying. It's a good metric to go by to ensure your capital is going to the right places. Some guides even go as low as 10% purchase price relative to annual income. I'm closer to 1/3 between our cars.

However, the total annual cost of ownership, even on the 20% rule would be well below for us as we could tolerate upwards of $40-$50000 per year in annual costs based on presenting the "rule" that way. Our mortgage and property taxes doesn't even hit that- I would never spend that much on a vehicle. Maybe 10% (assuming gas, insurance, maintenance, depreciation etc is included).

Right, 20% is high and essentially includes monthly payment, insurance, depreciation, fuel. For someone making $250K like you, for each car (assuming 2) that would allow, maximum, for around $400 car payment, $150 insurance, $300 depreciation, $100 fuel. Based on 5 year financing, 20% down an assuming depreciation of $20K over 5 years.

Back of the envelope of course

 

[HiHoeSilver]

Gmt800 FTW.

 

[sickk23]

Back in the day of the old 80s, Oldsmobile cars started putting Cutlass onto just about every vehicle they built. Olds Cutlass Supreme, Olds Cutlass Calais, etc. I feel that GMC is doing the same thing today with the Denali trim. I know its for marketing and people do have name recognition but it really diminishes the so called rarity of the truck. Ford used to do it with the Eddie Bauer line and now they have Platinum and Limited which really does not mean too much. What do you guys think?

“which really does not mean too much” said who? You? Nobody is forced to buy the Denali or the Platinum. There’s just as many other trims sitting on the lots to choose from. Sorry you don’t think it has the presitige of a Rolls just because it’s selling well. Lmao

Has the Escalade name became too common? Literally everyone knows what an Escalade is. People still don’t know what a Denali is. If they do, it could mean anything. A Terrain Denali hah

You better be happy it’s common. If it weren’t, it’d die off and you’d only have an Arcadia, Trevestite or Concave to choose from.

Personally I’m shocked they sell well. For the same money I’d much rather drive a Range Rover. They are far more impressive. But I suppose not the same size.

 

[cardude2000]

Personally I’m shocked they sell well. For the same money I’d much rather drive a Range Rover. They are far more impressive. But I suppose not the same size.

Thats the issue, there is nothing in its class. Sequoia is outdated, RR is too small and gets crazy expensive once its optioned up. Expedition was LITERALLY 10 years old but is the only one ready to give GM a run for its money.

(Escalade is the name of the SUV not the trim...Just a point of clarification)

 

[sickk23]

Lol yeah I know Escalade is not a trim bahahaha but since 07 “Escalade” has been incrisingly popular. It was a similar comparison. In fact I’d even say since 07 Denali and Escalade have probably became the two most talked about/referred to GM names.

 

[kwOH]

This thread is going nowhere fast...

 

[GTNator]

Not sure if that is a joke but no, I am not getting a RAV4. I'm not implying we can't afford it, I am saying I don't want to afford it. We have very "high"income (top 10% anyway), especially when you include benefits like stock matching, pension contributions etc, but what you take home after factoring in taxes and all those benefits that don't actually hit your bank account is a significantly lower number. Then when you realize you are paying for a vehicle with after tax dollars, it makes it even harder to justify. If I wanted to, I could just cash in some investments and pay cash but that would involve a hit to what could end up being a rainy day or retirement fund. I am young so I'd rather keeping building up the balance sheet.

Everyone spends their money on something. I just went to a jewelry store with my coworker so he could buy a $15,000 watch. His second one just this year; he collects them. He says they’re all different. But he is not into cars at all. Drives a 10 year old cheapo small Toyota.

I have another friend who saves almost every dime he makes. In fact he lives kind of like a poor person but is worth a tremendous amount. In my opinion because he lives like a poor person day to day, at the end of his life, he will indeed have actually been poor by choice (poor with a huge bank account, lol). A shame, in my opinion cause he could have enjoyed life a little.

Everyone does something with their money. And that’s what I told my wife so that I could go buy that Denali tomorrow! [emoji3]



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