Trade value for 2020 6.2 RST?

econometrics · February 8, 2021

2 minutes ago, jlong1984 said:

Been looking at AT4 BabyMaxes for a few months now. Honestly, I should have pulled the trigger when the employee pricing was going on, but I couldn't find a truck that ticked every box (Premium Pkg, Tech Pkg, Sunroof, 20" wheels and either Cayenne or Dark Sky paint). I'm also slightly hesitant to give up my '19, which has, so far, been absolutely perfect.

Yeah, it really is a risk when you've had an issue-free vehicle, right? You never know when you're going to upgrade into one with a lot of issues.

There are a few dealers who are pricing the AT4s pretty well this month, with the GMC $5K cash allowance + dealer discounts. I know Laura in St. Louis is around $9K off sticker for a $65K MSRP, loaded AT4. Everett GMC in Little Rock is at $10K off MSRP.

But yeah, finding the right one with all the right combos of stuff in the right color is tough.

Dunn · February 8, 2021

3 hours ago, TNTSilverado said:

. Nothing sticking up out of the dash. Must be contour and uniform to the dash.

agreed.......mold it into the dash, not sticking up above it

ram did good job integrating theirs

Transient · February 9, 2021

agreed.......mold it into the dash, not sticking up above it

ram did good job integrating theirs

I disagree. I think they went too big and replaced features that should have buttons with icons on a screen. One thing I like about the GM is the built in redundancy. Should the screen stop working I still have buttons to push for the radio, heated seats, climate control, etc. GM went smarter, not fancier. I like that. As a veteran I've learned to live by the mantra of "2 is 1, 1 is none."

Sent from my SM-N960U using Tapatalk

Dunn · February 9, 2021

8 minutes ago, Transient said:

I disagree. I think they went too big and replaced features that should have buttons with icons on a screen. One thing I like about the GM is the built in redundancy. Should the screen stop working I still have buttons to push for the radio, heated seats, climate control, etc. GM went smarter, not fancier. I like that. As a veteran I've learned to live by the mantra of "2 is 1, 1 is none."

Sent from my SM-N960U using Tapatalk

The 8.4.....I dont care for 12"

Driving down the road its hard to use info screen for everything....truck is shaking and tough to hit one small icon

But they did good job of integrating into dash and not an IPad on top of dash

OnTheReel · February 9, 2021

I just think for the size of the dash and surroundings, the 8” display does look tiny in the T1. They could have bumped it up to 10” and still retained all the physical controls and the layout as it is. Ford actually did a good job on that with their new interior.

BluegrassMotorsport · February 9, 2021

I've been saving Carvana offers just in case. Gas prices are on the way up and we'll see how high they go. Premium fuel when unleaded is at $2.40 is already not fun - but premium fuel when unleaded is at $4.00 would be brutal. I'd rather keep my Vette and trade the truck down for something without a payment.

econometrics · February 9, 2021

12 minutes ago, BluegrassMotorsport said:

I've been saving Carvana offers just in case. Gas prices are on the way up and we'll see how high they go. Premium fuel when unleaded is at $2.40 is already not fun - but premium fuel when unleaded is at $4.00 would be brutal. I'd rather keep my Vette and trade the truck down for something without a payment.

The problem is... when gas gets that high, your trade value (or sale value) with a gas-hungry truck is not going to be as high. Trucks and SUVs are not as desirable when people have to pay $80-$100 to fill them up for 350 miles.

mjonesjr84 · February 9, 2021

14 minutes ago, BluegrassMotorsport said:

I've been saving Carvana offers just in case. Gas prices are on the way up and we'll see how high they go. Premium fuel when unleaded is at $2.40 is already not fun - but premium fuel when unleaded is at $4.00 would be brutal. I'd rather keep my Vette and trade the truck down for something without a payment.

Trade it now for one with the 3.0 Duramax. The fuel mileage is amazing with it. I'm getting consistently 600+ miles per tank.

1 minute ago, econometrics said:

The problem is... when gas gets that high, your trade value (or sale value) with a gas-hungry truck is not going to be as high. Trucks and SUVs are not as desirable when people have to pay $80-$100 to fill them up for 350 miles.

Exactly. It won't matter how well the factories can keep the dealers' lots full. You will see the supply and demand flip to more supply than demand.

econometrics · February 9, 2021

1 minute ago, mjonesjr84 said:

Trade it now for one with the 3.0 Duramax. The fuel mileage is amazing with it. I'm getting consistently 600+ miles per tank.

yep. This is why I'm looking at trading my 5.3L RST in the next months. It will be worth less with $4 gas, and a 3.0L will be hot, hot.

I don't think we'll see $4 gas in the next few months. But the writing is on the wall. A year from now when the economy is in stronger recovery, and with the current administration a full year in place... we're going to see $4 gas. For sure.

And the OPEC guys aren't in a hurry to release supply anytime soon when $bbl is going up.

BluegrassMotorsport · February 9, 2021

4 minutes ago, econometrics said:

The problem is... when gas gets that high, your trade value (or sale value) with a gas-hungry truck is not going to be as high. Trucks and SUVs are not as desirable when people have to pay $80-$100 to fill them up for 350 miles.

It may hurt some but Silverado sales kept increasing even when gas was $4.00 once before. Major discounts definitely helped, which would in turn hurt the used market. But demand for trucks has never been higher, either so I don't think it will hurt too bad.

1 minute ago, mjonesjr84 said:

Trade it now for one with the 3.0 Duramax. The fuel mileage is amazing with it. I'm getting consistently 600+ miles per tank.

Exactly. It won't matter how well the factories can keep the dealers' lots full. You will see the supply and demand flip to more supply than demand.

I've thought about it but I figure if I trade, I might as well get out of a payment altogether. Diesel fuel is going up, too. I could put that money to better use anyways. I always wanted a 6.2 since they were first offered on the Silverado 10 years ago and now I have.

econometrics · February 9, 2021

3 minutes ago, BluegrassMotorsport said:

It may hurt some but Silverado sales kept increasing even when gas was $4.00 once before. Major discounts definitely helped, which would in turn hurt the used market. But demand for trucks has never been higher, either so I don't think it will hurt too bad.

I've thought about it but I figure if I trade, I might as well get out of a payment altogether. Diesel fuel is going up, too. I could put that money to better use anyways. I always wanted a 6.2 since they were first offered on the Silverado 10 years ago and now I have.

Yeah, I'm more personally concerned with the used value of my truck when gas goes up. Like you said, they'll be able to move new metal with heavier discounts. Trucks also aren't as crappy on MPG as they used to be, which will help absorb an increase in gas prices.

No replacement for having what gives you satisfaction, tho. You're right! I only put around 5-6K miles on my truck every year, so the difference between a 6.2L MPG cost and a 3.0L MPG cost is not astronomical for me. The tipping point, for me, is the resale value a couple/few years later.

BluegrassMotorsport · February 9, 2021

4 minutes ago, econometrics said:

No replacement for having what gives you satisfaction, tho. You're right! I only put around 5-6K miles on my truck every year, so the difference between a 6.2L MPG cost and a 3.0L MPG cost is not astronomical for me. The tipping point, for me, is the resale value a couple/few years later.

I really, really love this motor and this truck. But I put about 20k miles on mine every year and my 25-mile commute to work is a lot of up-and-down hills. The gas costs really add up. I guess it couldn't hurt to look around and see what 3.0 deals are lying around...

I'm still paying on the Vette but that's mostly to build credit. I could pay it off and put that payment toward fuel, but I was really hoping to use that as a down payment on a rental property to start building supplemental income while I'm young (27). So then I go back to - why am I making this truck payment when I could just get a cheaper daily? But then I drive it and remember haha. Ahh well, I've got time to figure it out. Like you said, gas won't be $4.00 tomorrow and demand for trucks isn't going away.

econometrics · February 9, 2021

2 minutes ago, BluegrassMotorsport said:

Like you said, gas won't be $4.00 tomorrow and demand for trucks isn't going away.

And good on you for using your monthly money to MAKE you money and not just spend it away. That's harder than ever to do these days, with SO many options to consume and spend. As with everything in life, it's all about trade-offs. And you have to decide what matters and brings value to YOU.

Blue5.3l · February 9, 2021

4 hours ago, BluegrassMotorsport said:

I've been saving Carvana offers just in case. Gas prices are on the way up and we'll see how high they go. Premium fuel when unleaded is at $2.40 is already not fun - but premium fuel when unleaded is at $4.00 would be brutal. I'd rather keep my Vette and trade the truck down for something without a payment.

How many people actually put premium in the 6.2 now? When prices rise those that do now I can see putting regular or mid to save and gamble with issues later since most will be traded off.

Wiggums · February 9, 2021

4 hours ago, econometrics said:

No replacement for having what gives you satisfaction, tho. You're right! I only put around 5-6K miles on my truck every year, so the difference between a 6.2L MPG cost and a 3.0L MPG cost is not astronomical for me. The tipping point, for me, is the resale value a couple/few years later.

So that's why your username is econometrics.. makes sense. I'm the same way, I look at resale too. In fact, it's been the biggest factor after I lost a huge chunk off of my premium German sedan and it sucked!

I looked at the historic gas prices and the days I traded in my used for a new. I am inclined to believe the gas prices don't really make that much of an impact. And the newer trucks have really good gas mileage.

That said, with Biden being less chummy with the Saudis than Trump, Biden's plea for an increase in supply will more likely fall on deaf ears. Now, if Biden gives the Saudis the green light to handle the Yemeni situation, perhaps the Saudis will listen.

And the RST since 2020 do not have unlocking buttons on the outside rear door handles. That's why I am looking at GMC Elevation instead.