Rate my deal please...

[BlueAc]

Currently I'm in the market for a new to me SUV. Originally I was looking for a clean 03-06 Yukon Denali but prices for those are a little unreasonable. I came upon a 2007 Chevy Tahoe Z71. The vehicle is in pretty good condition (to be 10 years old). It has some scratches, the body molding on the passenger side is faded and there's some minor rusting underneath. Other than that she's mint, the inside looks like it's never been sat in. No creases or cracks in the leather and the carpets are immaculate. It seems like it's fully loaded, the only thing I notice missing is a sunroof. It has 111k miles and the dealer is asking $15,700 for it and doesn't seem like they wanna budge. I offered 15,700 OTD and they countered with 16,700 OTD. I expect they'll be calling me back today though, they seemed eager to move it. I'm basing my price on the fact the truck is clean but it has an accident on the Car Fax (from 2011). Does this truck seem like a good deal or am I'm paying too much for it? Any help would be appreciated. Thanks!


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[MichaelSE]

If it's a 4x4, that price sounds about par for the course in my area; maybe even a little low. I regularly see LT 4x4s with 120-140k miles at around the 16k price point. Since this is a Z71 with leather, I'd say it's a good deal. Does it have navigation? Power liftgate? Those will add a tiny bit of value also.

 

[BlueAc]

If it's a 4x4, that price sounds about par for the course in my area; maybe even a little low. I regularly see LT 4x4s with 120-140k miles at around the 16k price point. Since this is a Z71 with leather, I'd say it's a good deal. Does it have navigation? Power liftgate? Those will add a tiny bit of value also.

Yes it's a 4x4. From what I can tell it seems fully loaded. It has 2 tone leather seats, heated seats, nav, back up camera, and rear seat entertainment. I'm not 100% sure on the power lift gate. It's a beautiful truck.


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[Jason_S]

Truecar.com has a used section now. Cargurus.com is another good one that also 'rates' the asking price and tells you how long it's been listed on their site.

Three years ago, 07 Tahoes were in the 17-18K range for similar miles, so it sounds like you are paying a bit extra because of it being a "Z71" at a dealership. With an accident on the carfax, the value is immediately lower as you know. For me, having anything more that surface rust on the frame is a non-starter. Personally, if there was any such thing as "typical rust for it's age", then every one ever built and still on the road would have rust in the exact same spot.

If you are trading a vehicle in to get it. Make sure that you work the out the final price for the Tahoe before you let them appraise and make an offer on your turn in. Keep the deals separate, and you may not lose as much.

 

[BlueAc]

Truecar.com has a used section now. Cargurus.com is another good one that also 'rates' the asking price and tells you how long it's been listed on their site.

Three years ago, 07 Tahoes were in the 17-18K range for similar miles, so it sounds like you are paying a bit extra because of it being a "Z71" at a dealership. With an accident on the carfax, the value is immediately lower as you know. For me, having anything more that surface rust on the frame is a non-starter. Personally, if there was any such thing as "typical rust for it's age", then every one ever built and still on the road would have rust in the exact same spot.

If you are trading a vehicle in to get it. Make sure that you work the out the final price for the Tahoe before you let them appraise and make an offer on your turn in. Keep the deals separate, and you may not lose as much.

Thanks for taking the time to respond in detail. I went ahead and bought the truck last night. I was able to get it for 15k OTD and they even did a pre owned car inspection and fixed the problems they saw. They did the serpentine belt, replaced a cracked air intake, replaced a leaking axle and replaced blown lights.

I got her home and she drove great. I was hearing a noise on the front end and couldn't figure it out. Come to find out the previous owner left a DVD in the radio and I was hearing it load up. Other than that, all is good.



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[adventurenali92]

Sweet score man! I paid that price for my 2006 Denali xl not quite 2 years ago. So I'm jealous! Look forward to seeing pics!

 

[BlueAc]

Sweet score man! I paid that price for my 2006 Denali xl not quite 2 years ago. So I'm jealous! Look forward to seeing pics!

Here's a couple pics from before I picked her up. I originally set out looking for an 05-06 Denali but the prices for them were all over the place. This one literally popped up outta no where on CarGurus. I'm still getting used to everything but the one upgrade I know is coming is the radio. I already ordered a Pioneer AVH-4200NEX but I really want the Alpine X009-GM, just don't know if I can justify the price tag.




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[adventurenali92]

^she's a beauty!! I love the red! And that two tone leather interior is on point! Looks good man! Yeah the alpine units are a nice upgrade but pretty pricey! The Pioneer units are pretty good these days. Any other plans for mods?

 

[08grey]

Does it have the 6.2 motor?

 

[MichaelSE]

Nice Tahoe! You got a killer deal.

Does it have the 6.2 motor?

No, the 6.2 was only offered for the Tahoe in 2009, and I believe it required the LTZ trim.