Quote:
Originally Posted by farkedup
I know all about residual value.... it is FACT that the 3-5 year resale value of a GM is an absolute joke in comparison to the japanese equivalents.
For fun I drive a '68 mustang...
For daily driving.... 07 Honda Civic Hybrid... Residual value? My last one I put 20k miles on and TOTALED it! put the insurance money and $1500 together and bought a BRAND NEW ONE!
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I used to have a GMC Yukon Denila. I bought it in 2002 and got stolen on New Years Day 2004(reference:
https://gfy.com/fucking-around-and-business-discussion/215659-auto-insurance-truck-stolen.html )
My insurance company valued the car at 40,000.00. I owed the bank 33,000.00. I had 7000.00 to buy or lease a new truck but I choose a mini-van lease for 39 month. Hence, my lease is up and got a new ACADIA. I really wanted a new Hybrid 2008 Denali but it wouldn't be responsible of me getting that kind of car with a mortgage I currently have.