Taco wrote:



I have posted this before but it is still true.

I think the diesel resale value has a lot to do with the greater fool theory (real theory, google it).

The gm 6.0 vortec that I own has a B10 of 200,000 miles the duramax option in the same truck has a b10 of 220,000 miles.

A pickup truck with 150,000+ miles diesel or gas is used slam up. There is no way in the world that a diesel with 150k on the clock is worth 8-10k or more than an equivalent gasser. It just doesn't have that much more design life left in the engine and the chassis is well used on both also.

Diesel resale just comes down to the one who buys it last is left holding the bag, or wins the title of "the greatest fool".


I WOULD NOT MAKE A FINANCIAL JUSTIFICATION ON A PURCHASE BASED ON THE ASSUMPTION THAT SOMEONE WILL GREATLY OVERPAY FOR IT WHEN I AM DONE USING IT.

Taco wrote:



A pickup truck with 150,000+ miles diesel or gas is used slam up.

jevanb wrote:

really??? I guess I should sell my truck since it is all used up. I was under the impression all these years I could get 500k out of my diesel, guess I was wrong..

jevanb wrote:

really??? I guess I should sell my truck since it is all used up. I was under the impression all these years I could get 500k out of my diesel, guess I was wrong..

Taco wrote:

Sure there are examples of vehicles that make it past their design life both gas and diesel but I wouldn't make a purchase expecting it to happen.

You have to admit there is something a little foolish about a truck selling for 70% of it's original purchase price that has 30% of it's design life left and has it's most trouble free and lowest maintenance miles behind it. It might last another 200k or it might last 10k. I don't want to pay $30,000 to find out.

Some of you guys are fortunate enough to be able to sweat a fully depreciated asset in taking a truck past it's design life, but don't pretend that it is a sure thing.

The wrench in the works is that the purchase of a vehicle and even more so diesel trucks goes beyond a reasoned decision to purchase a vehicle for it's utility. There is lots of emotion that goes into it. It is what makes a Harley Davidson cost more than a functionally superior yamaha, and keeps the harley resale high. I just cannot bring myself to financially justify a purchase based on the hope that someone will overpay for it above it's actual utility value based on a desire for its intangible emotional value.

jevanb wrote:

the dealer I bought my truck from called me a few weeks ago and wanted to see if I wanted a new truck, I said I will come down and look, at the dealership they offered me 21k for my truck, if it was a gas prob would of been 7k. I guess it did hold its value..

Someone ought to tell this couple that their truck is 5 times over its expected life..

http://autos.aol.com/article/million-miles-family-truck-7-years/?icid=maing-grid7%7Chtmlws-main-bb%7Cdl30%7Csec1_lnk3%26pLid%3D334080

jevanb wrote:

the dealer I bought my truck from called me a few weeks ago and wanted to see if I wanted a new truck, I said I will come down and look, at the dealership they offered me 21k for my truck, if it was a gas prob would of been 7k. I guess it did hold its value..

Someone ought to tell this couple that their truck is 5 times over its expected life..

http://autos.aol.com/article/million-miles-family-truck-7-years/?icid=maing-grid7%7Chtmlws-main-bb%7Cdl30%7Csec1_lnk3%26pLid%3D334080

Quote:

...I just cannot bring myself to financially justify a purchase based on the hope that someone will overpay for it above it's actual utility value based on a desire for its intangible emotional value....