new owner

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Old 01-08-2009, 09:31 AM
nicka's Avatar
Chevy Man
Join Date: Dec 2008
Posts: 95
Default Re: new owner

My 2008 is a 4X4 with the same equipment and had just over 17,000 miles and I paid$32,500. I bought less than a month ago.

It seems that values in general have dropped dramatically over the last 6 months (Many factors including general state of economy and more importantly the very apparent trend of families getting away from buying the traditionally larger SUV's are big factors). I would think that as long as gas is under $2.00 the values will drop similar to non-hybrid trucks. Remember that this is the first year and for non-hybrid models this would be a traditionally normal first year depreciation on this vehicle. Again, if gas were over $2.00 or when it goes back up then the hybrid model will retain more value than it's non-hybrid sibling. I would think that these values should level out around where they are now for a while and then continue to have standard annual depreciation percentages as time goes on (Higher fuel costs = no additional premium or value for the Hybrid model).
 
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