19th Dec 2018, 13:36
Don’t forget the taxes. More thousands on top of any new large truck purchase. Buy a 10 year old one for less. May not be reliable, but it looks really great on paper.
29th Apr 2021, 15:57
The depreciation hits hard because those who have the money want new, and those who don't have it will look on the used market at much lower prices. It's a fact and we need to be aware when buying new: if for any reasons we want to get rid of the car sooner, it is going to hurt. Unfortunately, most of the time we learn this by ourselves. I bought a new Toyota, then sold it with some 20K miles at half the original cost with taxes, transport, loan, etc. It sure hurts.
29th Apr 2021, 22:51
Did you try reaching a zone manager or corporate? Sometimes you have to do more than just dropping off any vehicle.
30th Apr 2021, 21:41
The comment you are responding to was complaining about depreciation. How is "reaching a zone manager or corporate" going to stop a vehicle from depreciating in value??
1st May 2021, 16:22
Basically trying to recoup some of the depreciation. If you’re upset your vehicle went down by 40% in 2 years, maybe they can compensate somehow.
1st May 2021, 17:08
You are not selling it if warranty issues are addressed. But often you have to fight, document and proof to correct. In turn one of my cars has appreciated 4 times what I paid. And 10 times the new price. Just had time and bought the desirable model. So if a new one goes down, the classic brings it up in the garage.
2nd May 2021, 14:53
Most muscle cars from 1970 today are worth 10 the sticker price, so this should come as no surprise to you that yours has escalated that much in value.
3rd May 2021, 19:22
You expect the manufacturer to "compensate somehow" for depreciation?
Yeh, good luck with that. All new cars depreciate the instant they are driven off the lot, and there is no (legitimate) way the buyer is going to recoup that loss.
4th May 2021, 17:44
That’s right, so why keep dwelling on it. Is everything you buy dollar, cents and depreciation? It’s a vehicle, it ages, it wears. If however a car is a lemon you have proper channels to address or fight back. Not depreciation, but manufacturer's defects, recalls etc.
5th May 2021, 18:35
There are many thousands if not tens of thousands of dollars being lost due to depreciation. It’s hard to blame someone for trying to recoup that, especially in the current economy.
7th May 2021, 17:05
Imagine if people treated technology like that. It’s often worth accepting change and even looking at where change is possible. The default, “That’s the way it’s always been” doesn’t mean it can’t be made better. In my opinion, car selling & buying will continue to be made easier and easier. Carvana and other companies are already working to change the model. The idea that someone will always need to be ripped off and lose a ton immediately to depreciation should be challenged.
8th May 2021, 17:38
You are only ripped off if you allow yourself to be. It costs money to design and manufacturer vehicles. Employees get paid, tooling plants. Dealers have overhead. Where does your logic come from? Alternatives walk, ride a bicycle, take a bus. Get a relative to drive. Commuter train. Some live in cities without any car. You can carpool. If your car has repetitive issues in a very short period, go above the service manager. Or buy older and fix.
Some cars appreciate as do homes and some drop often a lot. There are no guarantees in life other than death and taxes. Cars today typically last pretty well. Some may need replaced quicker, but in over 50 years of ownership you either pay or seek alternative transportation. I’ve lent a car to a family member or they finance, pick another. I know one place that will buy your classic car back from you at the full price you paid. But you buy another from them. Some used desirable models are selling at higher prices as there's a long waiting list on new versions. Don’t buy a car many do not own, want or need one. There’s so many ways to get around. Order groceries, Amazon to your door. Take a Uber or Lyft. Buy a 90 mpg scooter without tags needed. I use one in Florida. Rent one once in a while; $45 day and picked up and delivered to your door. Mass transit other times. Life goes on. Not a rip off.
9th May 2021, 12:42
Any place that will "buy your classic car back from you at the full price you paid" makes a HUGE profit on every sale so they're definitely not doing you any favors.
9th May 2021, 13:37
Try getting divorced. This example pales in comparison. Life has ups and downs. You have an opportunity to learn and often do better than before.
9th May 2021, 15:42
Like a house? Like stocks? Like precious metals? Like crypto? What else goes down in value over time whether people like it or not? Actually, a car is the main exception to the rule. In no other case can someone “invest” 5 figures in something, guarantee a 40-60% loss within 3-4 years, and be content with that and never question if there’s a better way about going about it.
10th May 2021, 15:27
I agree on the classics and then shipping. Have no issue getting a higher quality car.
11th May 2021, 15:46
Because putting quality of life vs crushing numbers is great. Put the top down and take a great ride. What on earth do you work for? I have traveled to many countries no return on air fare, hotels, sightseeing, but fantastic memories. I could sit in my back yard in a kiddie pool and marvel at my bank account. We could drink out of spigot vs bottled water. Eat hot dogs vs a nice dinner out with family. I am extremely happy I do not share your views. Is your life $ and cents? It’s a shame because you can work, retire and die. If you retire at 40 will you splurge after? So a car goes down. But houses go up, you get raises, often 2 earners today. When we get old sitting in a rocker at a nursing home it will be nice remembering cars as really enjoyable vs what you lost. I have outlived all the men in my family. Some early 50s big nest eggs, overtime and stress. And then given to nursing homes by the spouse. Hopefully the depreciation topic will end. And focus on quality of living.
11th May 2021, 20:24
Oh dear. Here we are with the lessons on life subject now on a Silverado review. I thought it was exclusive to Volt reviews?
14th May 2021, 00:34
A Volt does not require much thought. Not made now. Cost little to buy then. No life lesson.
14th May 2021, 06:33
Well, for what is worth, it's not a bad comment. But yeah, we are only a slight distance off the actual topic. But I still loved his/her reflecting.
14th May 2021, 16:08
15:42. A great way to get over your views on the costs of everything try this... buy a new car, a simple plain one. Anyone can do this. Then give it away to the most deserving older mom or your dad, or struggling sibling or very best struggling friend. That always had your back. I guarantee the smile factor will quickly erase your fretting over every single penny you ever won or lost. Even if it’s a small monthly payment. Less about you, what every penny, nickel and dime and what you got. I have done this twice and got far more in return as far as really feeling great about what working can achieve and be about. Sacrifices others made for you at a younger age. It will really change your aspect about coins and dollars. Depreciation not as great as being appreciated. And doing something great for another. Try it, it works. Very well.
18th Dec 2018, 13:43
Why does the reviewer seem to be surprised by both the fact that new vehicles depreciate as soon as they are driven off the lot, and that trade in value is always less than purchase price?