What you guys pay for your 4wd Tahoe 2009 LTZ?

[Bowtye8]

I picked up my 4wd LTZ 6.2L in June for 51.5k OTD. Sticker was 57k.
Had a bud with GMS and 2k GM rebates from GM. So about 47k plus taxes tags etc....

Love the truck. Just the tranny like other mentions.

 

[road1will]

I'd guess in 5 years it'll be worth around $22,000, hardly 1/5th of the $41,000 I realistically paid for it.

No it won't.


And whoever financed a vehicle for 72 months is absolutely insane. You will be making payments for years before you ever have any equity in the thing.

 

[rogersinsel]

Vehicles depreciate to quickly to buy brand new.....you got what you got because you traded it in.....believe me you did not come out positively financial no mater how you look at it. Plus you payments are $850-$1000mth. Like Eagle said i would wait a couple of years a buy used. I bought my last Tahoe LT3 with 70,000 well documented miles for $23,000 wic i just chalk up as money saved, but if someone did not take that initial hit in the wallet I would not be able to buy used so I thank you.

True what you are saying to some degree. However, buying a vehicle with 70,000 miles poses a lot of risk. Plus that is three years worth of driving that you'll never retrieve. There are many more reasons other than money that people purchase new. While you wait to buy low, other people are driving your truck around. The depreciation argument is old school and lame. NO ONE buys a car as an investment unless it is a classic or collector. You are not saving as much as you think when you take in to account financing cost. I can drive my Tahoe for 110,000 warrantied miles, bumper to bumper, no deductible, you cannot drive yours off the lot with anything from GM unless the previous owner thought of you and purchased it.

 

[coffey3303]

there is no question that buying a new tahoe is gonna end up costing some money, people buy new cars because they have enough money to spend and want a new car, life's too short.

 

[elbison]

No it won't.


And whoever financed a vehicle for 72 months is absolutely insane. You will be making payments for years before you ever have any equity in the thing.

Umm, GMAC did.

Why do I care if I have equity in the Tahoe? I'm obviously planning on keeping it more than 6 yrs (past payoff), otherwise why do that loan?

Take a look at my sig, and note I have titles in hand for every car on there BUT the Tahoe.

Take a finance class sometime and you'll learn that if someone offers to loan you money at 0%, you take it, especially when the math comes out better than rebates. In other words, I had the title to my Avalanche, traded it in for 32.5k and took a 32.5k check instead of putting that money down.

---------- Post added at 01:30 PM ---------- Previous post was at 01:30 PM ----------

there is no question that buying a new tahoe is gonna end up costing some money, people buy new cars because they have enough money to spend and want a new car, life's too short.

Exactly.

---------- Post added at 01:35 PM ---------- Previous post was at 01:30 PM ----------

Vehicles depreciate to quickly to buy brand new.....you got what you got because you traded it in.....believe me you did not come out positively financial no mater how you look at it. Plus you payments are $850-$1000mth. Like Eagle said i would wait a couple of years a buy used. I bought my last Tahoe LT3 with 70,000 well documented miles for $23,000 wic i just chalk up as money saved, but if someone did not take that initial hit in the wallet I would not be able to buy used so I thank you.

Who said I came out positively? I said the hits are milder than some of you make them out to be. My payment is $713/mo., not that I care about, look at or talk in payments.....I guess in this case, it's ok to talk value in payments since it is 0%.

---------- Post added at 01:39 PM ---------- Previous post was at 01:35 PM ----------

True what you are saying to some degree. However, buying a vehicle with 70,000 miles poses a lot of risk. Plus that is three years worth of driving that you'll never retrieve. There are many more reasons other than money that people purchase new. While you wait to buy low, other people are driving your truck around. The depreciation argument is old school and lame. NO ONE buys a car as an investment unless it is a classic or collector. You are not saving as much as you think when you take in to account financing cost. I can drive my Tahoe for 110,000 warrantied miles, bumper to bumper, no deductible, you cannot drive yours off the lot with anything from GM unless the previous owner thought of you and purchased it.

A+, well stated. We get to drive and enjoy a new body style, nice ride with no worries. If someone has the money to do this, more power to them.

---------- Post added at 01:55 PM ---------- Previous post was at 01:39 PM ----------

well than I'll wait 7

I was rounding sticker up to 60 (tt&L) and looking at what my 03 is worth.

I figure they'll hold value about like my 03 LT (also loaded) did ($12k, 82k, mint).
Though i must admit there are an awful lot of 04's around with ASKING prices of 19k... they are not remotely worth that price.

As far as the somewhat snarky comment at the end (and I apologize if I am misreading you as snarky when it wasn;t intended to be so):

you are paying $366 per month in depreciation PLUS what ever your car payment is for driving an 09.
$366 + higher insurances costs + much higher sales tax + car payment...
Is your warranty really worth $366 a month?

my last car I lost $1500 dollars on... 3k if you count all the maintenance, euro conversion, and 5 speed conversion i did myself in my own garage. That was 25,000 miles and 3 years of use... or $83 a month.

I'm glad you think it is worth it though, because that means I can buy one cheap later that is well cared for!

I want a hybrid Tahoe in 6 years to save gas on my 1-2 mile jaunts to school and back.

I think we can agree to disagree on this. Believe it or not, I used to think like you. I guess I got older, made more dough and stopped giving a shit about $4000 in depreciation per year, and stopped thinking about "losing money" on cars that serve a purpose for my family.

I am curious about your math though.....you say payment plus $366 per month in depreciation. That's incorrect. I'll pay for the $51350 drive out price via my 0% interest payments and that's the end of it. What I get back in 6 yrs is just that, what I get back. You don't "lose" an additional amount over and above the sum of your payments for depreciation.

Also, my insurance is about $550 for an entire YEAR for this Tahoe. Sales tax was about a grand or 1200 (see trade-in). You're not speaking to a dumb person here.

 

[Tonygxp]

I put over 16k down (almost 9k trade + rebates) on mine. So even though i am financing fro 72mos i have plenty of equity in it. If you're disciplined in keeping/holding on to a vehicle then 0% is a no brainer, someone lending you money for free is like hitting the lottery. But for those of us who change cars like underwear, i'll take the rebates and let it ride lol

 

[elbison]

Great point. We all have different situations, goals and such.

 

[KillerStudio]

Thanks for your help guys....I was able to trade in my White 08 LT Tahoe yesterday and upgraded to a new Black 09 LTZ Tahoe w/ the works. I got the truck for close to 51k before t/l (almost 58k sticker) w/ 0% 72 mos financing. They payed off my 08 + a little bit and kept my payment close to what I was paying for the 08....so I'm a happy camper. I'm loving my new Black LTZ. Thanks for the help again!

 

[road1will]

Umm, GMAC did.

Why do I care if I have equity in the Tahoe? I'm obviously planning on keeping it more than 6 yrs (past payoff), otherwise why do that loan?

Take a look at my sig, and note I have titles in hand for every car on there BUT the Tahoe.

Take a finance class sometime and you'll learn that if someone offers to loan you money at 0%, you take it, especially when the math comes out better than rebates. In other words, I had the title to my Avalanche, traded it in for 32.5k and took a 32.5k check instead of putting that money down.

---------- Post added at 01:30 PM ---------- Previous post was at 01:30 PM ----------



Exactly.

---------- Post added at 01:35 PM ---------- Previous post was at 01:30 PM ----------



Who said I came out positively? I said the hits are milder than some of you make them out to be. My payment is $713/mo., not that I care about, look at or talk in payments.....I guess in this case, it's ok to talk value in payments since it is 0%.

---------- Post added at 01:39 PM ---------- Previous post was at 01:35 PM ----------



A+, well stated. We get to drive and enjoy a new body style, nice ride with no worries. If someone has the money to do this, more power to them.

---------- Post added at 01:55 PM ---------- Previous post was at 01:39 PM ----------



I think we can agree to disagree on this. Believe it or not, I used to think like you. I guess I got older, made more dough and stopped giving a shit about $4000 in depreciation per year, and stopped thinking about "losing money" on cars that serve a purpose for my family.

I am curious about your math though.....you say payment plus $366 per month in depreciation. That's incorrect. I'll pay for the $51350 drive out price via my 0% interest payments and that's the end of it. What I get back in 6 yrs is just that, what I get back. You don't "lose" an additional amount over and above the sum of your payments for depreciation.

Also, my insurance is about $550 for an entire YEAR for this Tahoe. Sales tax was about a grand or 1200 (see trade-in). You're not speaking to a dumb person here.

I've taken plenty of finance classes, and have a business degree. I also spent some time in the car sales world before moving to finance in a GM Dealer.

If you are truly going to keep the vehicle for the life of the loan, or more, then more power to you. But the likelihood of that ACTUALLY happening is slim. I financed around a thousand vehicles in my time as a Finance Manager at a GM BPG dealer and the only customers who financed a vehicle for that amount of time were those who could not TRULY afford the vehicle. Yea, I had quite a few customers tell me that the only reason they were financing the vehicle for that long was because they were going to keep the car "forever". Sure, thats what everyone says when they buy a brand new vehicle. Bust most customers don't keep a car longer than 3 years. However, I would say 9 out of 10 of these customers were clearly financing the vehicle because thats the only way they could afford it. Looking at a credit report and comparing it to income is a very telling story, and its very easy to spot those customers who just seem to love debt, and those customers are generally the ones financing a car for 60 or 72 months.

I used to love hearing customers say they would pay cash for hte car but that since the rate was so low, they would just finance it. Yeah right, if they had the cash, they'd give it to me. No one wants a car payment.

So, if you really are keeping the car for 6+ years, more power to you. Otherwise, financing a vehicel for that amount of time (especially a GM SUV!!), really is insane.

 

[Rollin Thunder]

I've taken plenty of finance classes, and have a business degree. I also spent some time in the car sales world before moving to finance in a GM Dealer.

If you are truly going to keep the vehicle for the life of the loan, or more, then more power to you. But the likelihood of that ACTUALLY happening is slim. I financed around a thousand vehicles in my time as a Finance Manager at a GM BPG dealer and the only customers who financed a vehicle for that amount of time were those who could not TRULY afford the vehicle. Yea, I had quite a few customers tell me that the only reason they were financing the vehicle for that long was because they were going to keep the car "forever". Sure, thats what everyone says when they buy a brand new vehicle. Bust most customers don't keep a car longer than 3 years. However, I would say 9 out of 10 of these customers were clearly financing the vehicle because thats the only way they could afford it. Looking at a credit report and comparing it to income is a very telling story, and its very easy to spot those customers who just seem to love debt, and those customers are generally the ones financing a car for 60 or 72 months.

I used to love hearing customers say they would pay cash for hte car but that since the rate was so low, they would just finance it. Yeah right, if they had the cash, they'd give it to me. No one wants a car payment.

So, if you really are keeping the car for 6+ years, more power to you. Otherwise, financing a vehicel for that amount of time (especially a GM SUV!!), really is insane.

yes and no here. On my yukon I was origionally gunna pay cash. Then my dealer offered me 0% for 36 months and they made my first payment. Also I added the paint and interior protection, GAP, and An extended bumper 2 bumper warranty. My total financeing was 41k. Now the math of 41k (including all the extras, tax title and licencing, including my trade in at 16k) My payments were about 1100, I sent in 1500 every month, and paid it off just a few months ago (lump sum). I think the financing was smarter than paying all at once.