Crazy prices for used pickups?

ForumUser · June 12, 2021

Hi All,

So, I have a 2017 Silverado High Country with 6.2 engine. Had bought it initially to occasionally and only locally tow my 6000# boat, but ended up using it for trips with family - 46,000 miles. White, brown interior with piping a la the usual High Country thing.

Was checking, just for grins, on Facebook marketplace ... CRAZY numbers folks are asking - like in the low 50s ... I don't want a new truck, but is this just a time to take advantage of the used market?

Anyone gone through this thought process recently?

Thanks!

HeySkippyDog · June 12, 2021

Nope, here is why.

I need my truck. If you maintain your own home, you will also. Don't be that guy constantly pestering someone if they'll help you move, pick this up, etc.

If you sell, now what? You're going to lose anything you gained to buy another truck, and with the low stock of new out there, you're gambling on someone else's used truck.

It makes no sense at all.

Edited June 12, 2021 by HeySkippyDog

stevejones · June 12, 2021

Me neither. My 2019 LD has 8500 miles on it & $2.5K of extras to get it where I want it. Don't care if it's worth more than what I paid for it.

ForumUser · June 12, 2021

Off the topic, but I have another vehicle of two, both with tow systems that I use with a trailer ... have never borrowed anyone's pickup.

Nitrousbird · June 13, 2021

Carvana offered me more than I paid for my truck new. Problem is finding a replacement truck. Tried at my go-to high volume dealer (as they have sane prices), but nothing in-stock for what I want (loaded AT4 with the diesel or 6.2).

I've decided to wait until the '22 comes out then try upgrading then, as they are supposed to have an updated interior. I realize I will be paying more but if I can drive my truck for almost 3 years for nothing or next to nothing, I can deal with that and have a newer, even nicer truck. But it will require both getting the right truck and the right price for mine or I'll simply keep mine.

Donstar · June 13, 2021

Many homeowners are facing a similar dilemma. It is a great time to sell but no advantage if you need a house or truck. Sell your truck if you don't need/want it but you won't make any bonus money if you're going to upgrade.

THE YETI · June 13, 2021

I myself sold a 2015 High Country Duramax recently. Got more than I paid for it almost 4 years ago and ended up getting in to a new truck. Not a high Country dmax but a 1 ton 6.6L for only 9g's more than I sold it for. Less truck kind of but not kind of too. Truck I sold I already knew I wasn't keeping forever as the head gasket went with a month left of warranty. And I noticed some leaks recently starting. It made sense for me. And now I have a new model with warranty for not much more than I sold mine for. Got a 6 year bumper to bumper warranty in the deal too. Plenty of advantage depending on your situation and needs/wants. Gota weigh your personal pros and cons right

Edited June 13, 2021 by THE YETI

Fattyz28 · June 13, 2021

I recently traded mine. I went into it like this. If I can add a few thousand to my loan which was in the back half of being paid off, and find a dealer who is willing to sell for a fair price, then I would do it. For me it was supplier price and rebates seemed fair. I didn’t shoot for top dollar for my trade, but I didn’t give it away either. Well I gave away the majority of my add ons, but you normally don’t recoup that anyway. Ended up being about 2k less than what I gave for the truck. My deal worked out. Had to drive a few hours and the truck is not exactly what I wanted, but very similar to what I had. I talked to the dealer about it while it was listed as in transit. Got a jump on the deal and they didn’t try to sell it out from under me.

jake241983 · June 13, 2021

I thought about it. My 2019 LD is worth more than I paid for it two years and 10k miles ago. But in the end I need a truck and I've spent a lot getting this one the way I want it. It's also my backup daily driver.