I have a 2010 Tahoe bought brand new. Runs great with 160k miles but starting to have issues .. nothing major.. like motor mount, oil leaks, transmission cooler leaks, side mirrors, heated seat. I take care of my cars and use them a long time. Last car had 160k miles too. Wondering.. do we cross a point of no return where car is of little resale value and we should just as well keep it till it’s worth nearly nothing? Or should we sell when truck/car still has a decent life remaining so it’s worth a decent selling price? Feel like I’ve crossed the point and little resale value left. Maybe I should consider the postponement of the depreciation hit I take when buying another car. Thoughts?
There are a couple of threads on here about this. Unless you really want a new ride and are looking for an excuse, keep it. You could drop $20K and still be ahead of buying a new or newer one in an unknown condition.
These will never be worth zero, that ship sailed with Cash for Clunkers. Like the previous generations, they will hit max depreciation and then start to appreciate as demand for them increases again; especially the clean ones.
My Yukon is about to hit 200K and runs like a top. I'll have it repainted next year and when the transmission and engine need repair/replacing, they'll get done as well. Going to replace the axles soon for towing and tractor pulls and drag racing. Completed a 3K mile vacation without a hiccup last year.
The only gripe I have is that GM won't release an updated navigation map for these trucks.