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2014 GMC/Chevy W/Mods Resale Value


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Posted

I'm doing some mods to my truck and I've almost always kept them pretty conservative with an eye toward retaining OEM when feasible.

 

I've put Snugtop toppers on several trucks and done some things like Bilstein shocks and slightly oversize LT tires, but not much else.

 

I'm wondering if I would get any recovery of my spending on things like aftermarket wheels, HID lights, bull bars, etc..

 

So far, I don't think any truck I've sold in the past got any extra money for any mod I've done.

 

When I bought used vehicles, I avoided any modified vehicles and looked for completely unmodified vehicles.

 

What's your thoughts and experiences?

Posted

I may pay a little more for a completely "clean" unmodified vehicle, but I'd reduce the value for user "mods". When looking at used vehicles, I don't even read the print when I see much in the way of mods in the photo. I'm like you, in that regard. However... younger folks are different. I was looking at a new Tundra recently, that was about as bare bones as you could get... and then the dealer slapped a lift on it and raised the price $10k. They lost my interest right then, but it's obvious that they see a market for it. So, take the opinion for what it is!

Posted

I may pay a little more for a completely "clean" unmodified vehicle, but I'd reduce the value for user "mods".

 

See it the same way.

If I want mods I rather do it myself (or a shop of my choice for that matter).

 

One never knows by who and how the mods were applied. No offense.

 

so long

j-ten-ner

Posted

I'm doing some mods to my truck and I've almost always kept them pretty conservative with an eye toward retaining OEM when feasible.

 

I've put Snugtop toppers on several trucks and done some things like Bilstein shocks and slightly oversize LT tires, but not much else.

 

I'm wondering if I would get any recovery of my spending on things like aftermarket wheels, HID lights, bull bars, etc..

 

So far, I don't think any truck I've sold in the past got any extra money for any mod I've done.

 

When I bought used vehicles, I avoided any modified vehicles and looked for completely unmodified vehicles.

 

What's your thoughts and experiences?

 

 

Exactly!

Posted

I guess that $1200 set of wheels I wanted isn't a good idea.

Posted

I guess that $1200 set of wheels I wanted isn't a good idea.

 

Sure it is.....just keep your stock wheels to put back on and sell your aftermarket wheels when its time to sell the truck.

 

Wheels are never a bad idea haha

Posted

I gave that some thought...I will have saved wheels in my garage for many years, paid probably about $100 to install them before selling the truck, then I'll have 4 old wheels worth about $100.

  • 1 month later...
Posted

It's no surprise that personalizing vehicles, particularly pickup trucks is an industry in itself and affords owners/enthusiast to go from moderate to extreme in every aspect from power train, suspension, exterior and interior mods as well as electronics, lighting, etc etc. My view is that while each of us have our own (and rightful) opinions of upgrading vehicles, i.e. what looks/works good vs what does not, many over personalize to the extent that they limit if not reduce significantly the resale value of their vehicles as well as lose tons of money on certain modifications that can and will not be recovered at the time of sale.

 

What I really contemplate is the extreme mods that are pointed at off-roading performance enhancements while the trucks appear to be more garage or street queens moreso that actually being used for the purpose such upgrades were intended such as in 6-7" lift kits.

 

My vote is - keep the upgrades moderate and befitting to the owner's intended use/purpose. There are shops everywhere that do a great job of convincing owners to do upgrades they will never actually use.

 

My opinion only of course.

Posted

When I was buying used vehicles, I avoided modifications. Basically, if it was modified, my first concern was whether it was done well and reliable. Any wiring mods were almost a deal killer unless they were not intrusive to the factory wiring and they were done exceptionally well. To me, most modifications are a negative when I'm purchasing. There are exceptions, of course. You can tell good work when you see it.

Posted

Return it to stock. The mods are worth nothing and in many cases a detriment. Even a $1300 hard tonneau cover may be of no value if the next owner frequently hauls tall cargo.

Posted

I feel most of the mods that do pay off are the ones that keeps the exterior and interior in good (clean) condition free from dents, scratches, rust and beat up interiors. Other than that most of the mods are not recoverable. At one time the dealers use to recommend taking off the trailer hitches and snow plows and or any main changes to the vehicle because people felt the truck was put to hard use. Some of these mods could affect resale value. In other words, keeping it close to stock will save you a lot of money in the long run.

Posted

In my opinion, modifications are more likely to decrease resale value. I personally avoid vehicles that have been modified by someone other than myself (and operated, with those modifications, by someone other than myself). That said, I accept that the mods that I make to my own vehicle are an expense, not an investment. I'd rather be 100% happy with my vehicle than worry about recouping that money (within reasonable limits).

Posted

its pretty simple. resale values are and will always be based upon industry published values by year/make and model to include both standard equipment and factory options, i.e. NADA with only slight adjustment for color and geographical location. any other mods, i.e. aftermarket, are subjective and normally not included in terms of book value hence are not recoverable by the seller.

 

there are lots of articles published on the web that address the question of resale value and the impact of aftermarket accessories or add-on's, the general consensus being that the more a vehicle has been modified the lesser the pool of interested buyers will be.

Posted

The first thing people think when they see a modded vehicle for sale is this:

 

"That thing has had the piss run out of it. I'll go find one that's bone stock"

 

De-mod before trade-in.

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