i bought a new silverado last year. i must say for people to say the trucks hold there value must be nuts. my 32k truck out the door is lucky to bring 25,000 now. what gives? dealer has them for sale for 26-28k. trade in is much less.

 

Really take a beating the first 3 years if you try to trade.

 

When I traded my '09 for this truck I did "ok" and that was even putting 0 down on the '09. After two years it was still worth 22k in trade to the dealer and I owed 20k, not too bad when I drove out for 28.8 originally on a 36.5 sticker truck.

 

Nature of the beast. I will never ever buy a new truck again. I will only buy used and pay in cash

 

yea so much for saving for a new truck then realizing its worth a 1/3 less a yea later.

 

This. Used is the only way to fly, new is an absolute 100% waste of money. Even if you can afford to pay cash for the new one. If you have to finance it, you can't afford it!

 

I got mine cheaper than I could find the same truck used, so I bought it new. The only way you won't see ridiculous depreciation is if you can manage to get rid of at least 20% of the MSRP at the dealer.

 

Ditto on the new-for-cheaper-than-used. Buying through USAA got the new truck price down at a time when used ones were selling fast and for high prices. I literally could have bought the same truck I got but a year or two old, for the same money.

I was going to pay cash, but then they told me that Ally was offering an additional $2,000 rebate if I financed. The only catch was that I had to keep the loan open for a minimum of three or four (I forget) months to keep the rebate. No problem with that! So I paid off 90 percent of the price on the first payment to keep the interest down, and a few monthly payments. Couldn't lose on that one.

 

Buy new, know what you start with. Pay cash.

 

paid 30k for my truck
26k miles and a year old
19k trade in

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