Speedracer29

I went from a GMT900 gasser to a 2014 gasser, and yeah, the aesthetics and interior are greatly improved on the new models. The OnStar remote start smartphone app is AWESOME. The factory nav has all the graphic quality of an original Atari. With that being said, had I owned a Duramax with 88k, a new truck wouldn't have even crossed my mind. That thing is barely broke in! 2 friends have the Allison/Duramax trucks with over 250k and they love them.

If you do go to the new model, the Max-Tow package 5.3 gassers are rated around 11k towing capacity. Couple that rating with 14mpg (unloaded) from E85 at $1.75/gallon, and you probably won't care that you can't do stoplight burnouts with that 292 hooked up. You aren't really getting your money's worth on a diesel at 11k miles/year, especially if you're only towing a 29' boat 26 weekends a year.

ChargeIt

Depends on what you value on the difference between the 2008 and 2015.
Sit in both, if the esthetics and extra electronics blow you away, then new might be for you.
If the extra power and engine brake put you over the top, that can be changed and bullet proofed for less than 5% the cost of new.
You can add the engine brake a clean 40-60hp in a new ECM and keep the DPF if you like less smell. Edge CTS and a nice snap in display holder will give you engine info you wished you had.
90k miles, probably getting near a second trans fluid change so find a shop to drop the pan and add a Trans-go Jr which will help the trans live longer.
IF you want more power, go with a trans rebuild with 3 stage torque converter, new clutches and a couple internals for $3-4k (still only 4 payments on a new) and get 5 tunes from mild to wild with a flip of the switch.

I have a very clean 2007.5 that has right at 90k miles like yours (sad to some I know but kids came a year after purchase and most of the towing trips vaporized
I set mine up for long, hassle free life from the beginning. Run a clean 50hp tune since new on a separate ECM and had some trans work done. FASS lift pump and filters almost insure I will never have CP3 or injector problems and FS2500 bypass oil filter should have my internals as clean as day one. I decided to keep tires stock but Cognito steering braces have hopefully extended the life of steering components.
I almost get the itch to but even with a $25-30k trade, thoughts of paying an additional $35k for more emissions hassles and I don't need all the bells and whistles snaps me out of the dream.

88bullet

iTrader: (1)

gas trucks depreciate faster than you can pay them off. diesel costs more up front but you dont take the beating when you wanna trade them in

Jupiter Sunsation

I would disagree....a diesel is 8K more to start with!


Here is a 2015 F250 diesel for $39,999 with 18K miles (4X4 XLT)
http://www.offleaseonly.com/used-car...t8fea82619.htm

Same truck new had to be 50-52K.....I suspect if you bought a new gasser, put 18K on it you would get the identical % depreciation.

88bullet

iTrader: (1)

i work at a chevrolet dealership... i see it all the time. there is rarely any rebates on the diesel trucks which keeps the used value up. when they are giving 10-12k off new gas trucks the used value ****s the bed. imagine paying 50k for a new gas truck in January. then in february the rebates change and you can knock 10k off. so the same truck can be driven off the lot for 40k.. whats that make your 1 month old used gas truck worth?

Speedracer29

40-50% depreciation on almost any production vehicle within 36 months. If a diesel and a gas truck are driven industry average of 15k/yr, the diesel will fall more toward the 40% mark and the gas will be more toward 50% mark. Higher mileage/yr has less impact on the diesel value. Higher initial costs yield higher residual values on diesels. Unless you're trading in a 6.0 Powerstroke.


ALG puts 36mo residual at 58% on a 2500HD CC w/LTZ and 53% on a 1500 CC w/LTZ.

Jupiter Sunsation

So on a 50k 1500 it will be worth 26.5 (23.5k loss) or 2500 for 60k will be worth 34.8k (loss of 25.2k)..... Plus loan costs on the extra 10k borrowed. In your example the gas truck lost less $ and fuel/maintenance would also have been less.

You also mention "unless you trade a 6.0" which obviously becomes a big "deduct" on the trade.....things you can't factor in when buying new because you never know which engines will be good/bad. Not all diesels are "7.3 legendary"

Speedracer29

Correct. And those aren't my numbers, they're from ALG, a company that's been forecasting lease residuals for half a century.

Jupiter Sunsation

you and I are on the same page, I just quoted your numbers so anyone could see where I got the math from........using your numbers the diesel is going to cost more to buy, depreciate more and cost more to operate! 10K at 3% is an additional $180 a month (50K gasser vs. 60K diesel).

To be fair though, the residuals should be compared on a gasser 2500 and a diesel 2500 to make it apples/apples.

Rookie17

Beating the ALG numbers is how and when you buy. If you order a truck to your specs, you don't have much to play with obviously.

When I bought my last 2012 3500HD SRW Duramax I found it 200 miles away and it had been on floorplan for over 60 days. Was very close to what I wanted and saved over $8k on the sticker because they wanted it off floorplan and there were Duramax trade for Duramax rebates going on. $60k fully loaded truck out the door for a few bucks over $52k.

Also helps if you go to a dealer at the end of the month when they are short on meeting their quota. If they filled quota that month there is less chance of them being motivated. Doesn't matter if the truck you found isn't at that dealer, they'll do a floorplan swap.

Not common but it helps a lot with the depreciation. Might be location dependent too but seems harder to do those deals on a gas truck around here. I also probably was a little fortunate that I wanted a 3500 SRW and most people don't seem to want those.

Just a couple hints if anyone is buying soon.