Age vs Value

[Rotax_Kid]

I'm in a dilemma and it's always chicken or egg.

My daily driver is a 14 Ram CTD. It is nearing 200k. I know it will go for quite a bit longer without issue. It has been well maintained and has had everything done by the book in terms of maintenence (Fleet maintained).

I'm curious on everyone's opinion for mileage cutoff - where do you feel is the best cutoff in terms of mileage vs value? I understand it's a matter of declining returns which level out as time goes on, but there has to be some appeal in buying a higher mileage, but newer vehicle versus a older low mileage vehicle? Similar for vice versa.

Thoughts?

 

[Pedaling pete]

Either sell it at 30,000km or keep it until it's dead.

Since you are way past 30,000 I'd keep it until it's dead.


My 2 cents.

 

[LUCKY 7]

I was told anything over 200,000 kms the value drops big time. My wife's car has 320,000 kms on it and might be worth $1600. even though it could run for another 150,000

 

[arff]

Totally up to you. If it works for your needs, and Maintance is low keep it.
I had 280,000 on my 3500 Ram.
It was a 2008. Sold it to upgrade.
Value was still good when I sold it.

Also value or sale is only what someone is willing to pay.

 

[rsaint]

I'm in a dilemma and it's always chicken or egg.

My daily driver is a 14 Ram CTD. It is nearing 200k. I know it will go for quite a bit longer without issue. It has been well maintained and has had everything done by the book in terms of maintenence (Fleet maintained).

I'm curious on everyone's opinion for mileage cutoff - where do you feel is the best cutoff in terms of mileage vs value? I understand it's a matter of declining returns which level out as time goes on, but there has to be some appeal in buying a higher mileage, but newer vehicle versus a older low mileage vehicle? Similar for vice versa.

Thoughts?

The way I look at it is what mileage would you feel comfortable buying.

 

[Summitric]

Rule of thumb: Optimum max mileage is usually 180,000kms max for best trade-in or resale value...

 

[rhody605]

For me if the vehicle has no issues and meets my needs I run it until one of those things changes. Have ran several high mileage vehicles this way. But that's just me. When I buy a vehicle, resale value is not one of my buying considerations.

 

[2kDoo]

Keep it imo. Unless you want a new truck with new ****

 

[Bnorth]

IMO the massive price increases on vehicles in the last 10yrs is just a great way to burn a lot of money. Currently running our 2012 car and 2014 truck into the ground and will replace when they experience a major failure. I also have a strong aversion to monthly fees and payments, prefer to rip the band-aid off once.

 

[Caper11]

Tough decision, has the truck gave you any grief??? Warning signs of something that may cost big, if not you could keep it and ride it out and avoid the cost of the replacement.

Not sure what your looking at to replace it, another lower mileage used truck, or go new?
If you can find something you really want and want to upgrade, id go for it while the incentives on buying are good, and the value is there on your current truck.

 

[iceman5689]

I sold a 2005 cummins with 385,000. The drivetrain will outlast the body no doubt. But if you can deal with a little rust. The truck with proper maintenance will last you long time

 

[rebel]

08 dodge ram 2500 just rolled over 400k. No plans to replace. Drive till the doors fall off.
06 impala 256k no plans to replace unless I find a priced right SUV. Drive till she blows.
90 dodge w250 476k. Drive until it wont drive anymore. (This truck is basically retired. Drive just for pleasure)
81 ford f150 runs and drives. Stays on the farm and only gets drove a couple times a year. Doors haven't fallen off yet.
I hate payments and cant stand that I bought my first house for less than a new vehicle.

 

[pfi572]

If you can find a newer one with low kms and what works for you for a decent price ? Which isn’t that likely ??
Can sell the 200 km one for a decent price so it doesn’t cost you a terrible amount of difference go for it .
If not and going new you are going to throw away a bunch of coin to do exactly the same thing the older is doing . IMO
I would just keep the older one . IMO
Repairs and maintenance are 100% right off if company so big deal if something major happens ?
Dealers suck to deal with anyway for warranty issues most times ? Lol

 

[Cyle]

Unless you need a different type of truck for a reason, if it's been reliable keep it. Compare what it will cost you to upgrade to new, then compare value on a 4-5 year older then yours truck with 400k. The next 200k will cost you a small fraction of depreciation compared to buying new and putting 200k on it. And if it's been reliable, chances are it won't take that much work to hit 400k. Depending on options your truck is worth probably 32-37k. To buy new, 70-80k? Value in 4-5 years with 400k on it is probably $15k? That's a big difference.

I struggled between a new 1500 and used in the spring ended up with a 2011 with 200k and couldn't be happier. 8k vs 50k truck that has given me virtually no trouble.

 

[SHREK1]

I usually trade in at 120 - 140k, seemed to be not bad, going to run my current one for a bit, at 230k, have it deleted and tuned, love driving it. 2013 f350. Not sure if its the right choice or not all I know is I piss a lot of cash on vehicles. Trying to change that

 

[Rotax_Kid]

I appreciate all of the feedback guys. I wasn't expecting so many to recommend keeping it for so many km, but it was what I was leaning to and truck doesn't owe me a thing. This has been a great truck for me - best Ram I've had and this is #5. Did my first U-joint at 190K, which is a far cry from the previous generation CTD's.

 

[takethebounce]

I appreciate all of the feedback guys. I wasn't expecting so many to recommend keeping it for so many km, but it was what I was leaning to and truck doesn't owe me a thing. This has been a great truck for me - best Ram I've had and this is #5. Did my first U-joint at 190K, which is a far cry from the previous generation CTD's.

I was on the fence this year but have committed to keeping my 16 Ram 3500. Looked at trucks that offered things I would want in a new truck like larger fuel tanks and so on and decided that deleting the 16, putting a bigger tank on and basically driving it until it’s dead is better for me. Doing little things like diff covers with drain holes, deeper trans pan with a drain will make it easier (less likely to put off for another day) for me to service which I hope helps in the long run.

 

[Rotax_Kid]

I was on the fence this year but have committed to keeping my 16 Ram 3500. Looked at trucks that offered things I would want in a new truck like larger fuel tanks and so on and decided that deleting the 16, putting a bigger tank on and basically driving it until it’s dead is better for me. Doing little things like diff covers with drain holes, deeper trans pan with a drain will make it easier (less likely to put off for another day) for me to service which I hope helps in the long run.

Sort of circling back on this now. Truck is still fully emissions intact. Kept it that way as I hear they sell easier with them intact for the US market. Have a failing Nitrogen sensor up by the turbo (2nd one in 17k) and they are ~$5-700 for the sensor alone. Time to delete I think....

 

[canuck5]

I'm in a dilemma and it's always chicken or egg.

My daily driver is a 14 Ram CTD. It is nearing 200k. I know it will go for quite a bit longer without issue. It has been well maintained and has had everything done by the book in terms of maintenence (Fleet maintained).

I'm curious on everyone's opinion for mileage cutoff - where do you feel is the best cutoff in terms of mileage vs value? I understand it's a matter of declining returns which level out as time goes on, but there has to be some appeal in buying a higher mileage, but newer vehicle versus a older low mileage vehicle? Similar for vice versa.

Thoughts?

My theory of best bang for buck is buy them with 30-50,000 (1-2 years old)and drive them until just before 200,000km. I think you get your most linear drop during this time with least likely big maintenance cost. They always take a big hit off the lot and seem to drop off again somewhere past 200.

 

[j335]

My theory of best bang for buck is buy them with 30-50,000 (1-2 years old)and drive them until just before 200,000km. I think you get your most linear drop during this time with least likely big maintenance cost. They always take a big hit off the lot and seem to drop off again somewhere past 200.

I was planning on doing just, bought a used diesel a few years ago with 60k and close to 100k now, was planning on selling just before 160k BUT there’s no diesels for sale on kijiji so that tells me I can likely any fetch a premium and likely not lose anything.
Hmm decisions decisions...