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?
How much money do you feel like spending?
I have a 2010 Yukon XL 2500 - outside of the Suburban 3500 they manufactured during the next generation, which are extremely rare - there's no exact replacement for this truck for me. Plus the prices on new stuff is just totally out of my ability to afford now. Right now my truck has about 135K miles on it - and the worst thing about it is that here in New England everything gets rusty. So I'm at the point where I've got to start doing rust repair. So far I'm ahead of it - but this year I am going to have to do a bunch of work to avoid it getting any worse.
So yeah - I'm pretty much solidly invested in keeping this truck running for as long as I possibly can. I've got a Tech 2, I've got a good Autel scanner, a number of other special tools that help me work on this truck - etc. In the last couple of months I had to replace power steering cooler and hoses (rusted thru and leaking), replace the throttle body (it died), had to put in a new connector for the throttle body (broke when I was replacing the TB), had to recover some of the wiring loom in the engine compartment because it was all rotted away, fabbed up an adjuster for the parking brake cable so I could (finally) get the parking brake working, had to jack the truck up and inspect both rear parking brakes - trying to figure out why I couldn't get them adjusted, had to replace the rear fuel tank vapor valve, etc.
Yesterday I discovered that the battery was stone cold dead. The truck had only sat for one day - and had started and ran just fine the day before. Charged the battery up - and truck started just fine this morning to get to work. But the radio didn't work, and the parking sensor was offline. Turns out there must have been something loose in the Maestro module for my aftermarket radio. Had to take a look at that when I got home from work.
At this point I'm getting pretty good at fixing stuff and as already noted I've got all the scanners I need to pull any code that comes up. I get a little sick of constantly fixing things constantly - but that seems to happen in waves. I've been fixing things now on a constant basis for like two months now. But prior to that I hadn't had to fix anything for over a year.
One way to look at vehicle ownership is to consider the cost per mile. I don't think you're going to find a lower cost per mile by purchasing a new vehicle , it will take a long time to spread that extremely high initial cost out.