AutoGuide says the Silverado has amazing resale value - Silverado Cheyenne Forum
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post #1 of 15 Old 11-27-2013, 10:44 AM Thread Starter
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AutoGuide says the Silverado has amazing resale value

AutoGuide was kind enough to put together a list of the top ten cars and trucks with the best resale value. The Chevy Silverado 1500 got the number 9 spot.

After 3 years of ownership, the Silverado 1500 retains 59 percent of its value. After 5 years of ownership, it still retains 50.6 percent of its value.

That means that the Silverado 1500 is not only a great truck, its also a great investment (as far as vehicles go.)

I can only assume that the Silverado Cheyenne similarly holds onto its value as it ages.

Was this a part of your decision to buy a Silverado at all?

Check out the full list through this link --> http://www.autoguide.com/auto-news/2...ale-value.html
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post #2 of 15 Old 11-27-2013, 03:29 PM
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Indeed, it is a great truck, great resale value. If you're already in need of a truck and love the Silverado, GET IT. If you're buying it as an investment, you're an idiot.



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post #3 of 15 Old 11-28-2013, 11:28 AM
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I've noticed that the silveradros hold their value very well on craiglist.

I've been watching them as I've always wanted to buy one.



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post #4 of 15 Old 11-28-2013, 01:07 PM
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LOL an investment? so its value craters for years before it sees any appreciation (if any) after what 50 years? not to mention the fuel you need to make the investment operational continues to climb yearly...

Cost of ownership and resale value are two very different things.
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post #5 of 15 Old 11-28-2013, 01:40 PM
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Originally Posted by lemony squeezy View Post
LOL an investment? so its value craters for years before it sees any appreciation (if any) after what 50 years? not to mention the fuel you need to make the investment operational continues to climb yearly...

Cost of ownership and resale value are two very different things.
horrible way to invest your money, guess it's just another way of him saying how well the Silverado holds it's value, it holds it's value so well it's like an investment in a way. good reason to justify your reason to buy one even more if you already wanted to.



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post #6 of 15 Old 11-28-2013, 04:13 PM Thread Starter
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I know that cars and trucks aren't good investments. I was just making the point that you are going to get a good chunk of your money back if you buy the Silverado. In a sense that means you will be making money when compared to other trucks you can buy that don't retain value as well.

This probably also means that if you buy a used Silverado, it will still be good quality even though it's used.
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post #7 of 15 Old 11-29-2013, 10:19 AM
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They aren't investments

You loose money no matter what

But the less money you loose the better.



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post #8 of 15 Old 11-29-2013, 10:54 AM
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That's true, but saving so little over a long period of time sort of makes it's depreciation rate irrelevant. Better to focus on making money rather than penny pinching



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post #9 of 15 Old 11-29-2013, 01:32 PM
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Originally Posted by Yusef View Post
I know that cars and trucks aren't good investments. I was just making the point that you are going to get a good chunk of your money back if you buy the Silverado. In a sense that means you will be making money when compared to other trucks you can buy that don't retain value as well.

This probably also means that if you buy a used Silverado, it will still be good quality even though it's used.
you may get a chunk back in resale value but you will never recover the X dollars sunk on insurance and gas...
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post #10 of 15 Old 12-03-2013, 08:57 AM
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dont think you will make money on any car that is sold today



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