WELCOME TO RIVER DAVES PLACE

2007 duramax value?

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,527
Reaction score
95,364
So my good friend is selling his one owner 2007 2500 Duramax.
It’s a crew cab “classic” according to him. (I don’t know anything about duramax)
It has 239K on it. I’ve known the truck since the day he bought it brand new.
No major repairs, he leveled it when he bought it, and it’s never been wrecked or had any damage. He had the paint touched up like a year ago. It’s white, just a real clean nice Chevy inside and out.
So he said it only books at like $16K private party, I said that sounds awful low to me and told him to not list it until I ask the Rdp brain trust what that truck should sell for.
So what says the mob? Is sixteen grand low?
I don’t have any pics, just looking for a guideline.
 
  • Like
Reactions: DWC

Wizard29

43' Eliminator
Joined
Apr 12, 2011
Messages
2,709
Reaction score
7,168
I have a silver one with only 70K on it. Bone stock and one of the best purchases I ever made. Completely reliable and no DEF. I don't think I'd ever sell it. They are pretty desirable. At 239K, I'd shoot for between $20-$25K if I was him and see what bites. Probably high, but you never know.
 

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,527
Reaction score
95,364
I have a silver one with only 70K on it. Bone stock and one of the best purchases I ever made. Completely reliable and no DEF. I don't think I'd ever sell it. They are pretty desirable. At 239K, I'd shoot for between $20-$25K if I was him and see what bites. Probably high, but you never know.

I told him I can’t imagine listing it for less than $20k and see what happens.
Hell my old 2008 Cummins would cost me more to buy back today than what I sold it for 4 years ago.
 

Cdog

Well-Known Member
Joined
Apr 8, 2008
Messages
8,056
Reaction score
16,241
I sold my 06 Lbz with 218k miles for 21.5k. Probably could have gotten more but sold it to a friend of a friend.
2EC2FF29-3AB0-4B37-961F-776BB90A3A4F.jpeg
 
  • Like
Reactions: DWC

Wizard29

43' Eliminator
Joined
Apr 12, 2011
Messages
2,709
Reaction score
7,168
I told him I can’t imagine listing it for less than $20k and see what happens.
Hell my old 2008 Cummins would cost me more to buy back today than what I sold it for 4 years ago.

Yeah, if something happens to mine and insurance tries to give me blue book for it, I'll be pissed.
 

lbhsbz

Well-Known Member
Joined
Jan 11, 2010
Messages
11,668
Reaction score
28,520
$16K is the Farmers Insurance price...the real price is much higher than that. In this market, I'd start at $23-25K and come down from there.
 

DaytonaBabe

Super Moderator
Joined
Jan 11, 2008
Messages
16,699
Reaction score
25,814
We gave away our '08 with 200K miles to a 'friend' a year-ish ago for $19K. Regret that now, but oh well. Had an offer for $24K and decided to hook them up instead [emoji849] LOL You live and learn, I guess.
20180329_162818-01.jpg


Sent from my Note 10+ using Tapatalk
 
Last edited:

Fastdadtsmith

Well-Known Member
Joined
Oct 23, 2013
Messages
1,607
Reaction score
3,262
The LBZ's have a very loyal following. Great trucks and a great value for the younger guys to get into a reliable diesel. In this market I'd ask 23.5 and see what comes along. I'm assuming leather interior, power/heated seats?
 

zhandfull

Well-Known Member
Joined
Apr 20, 2008
Messages
2,666
Reaction score
3,611
I don’t know, 13 years old and 239k miles. Is it really worth more than 16k? Vehicles don’t last forever without investing a lot of money in them. Seems like it might be hard to even borrow money to buy a 13 old vehicle. If you have that kind of cash laying around do you really want a truck with 239k miles?
 
Last edited:

BONER

Well-Known Member
Joined
Aug 17, 2017
Messages
2,790
Reaction score
3,949
Just got done truck shopping. It'll bring $20k.
 

Sleek-Jet

Well-Known Member
Joined
Sep 20, 2007
Messages
12,710
Reaction score
15,372
I don’t know, 13 years old and 239k miles. Is it really worth more than 16k? Vehicles don’t last forever without investing a lot of money in them. Seems like it might be hard to even borrow money to buy a 13 old vehicle. If you have that kind of cash laying around do you really want a truck with 239k miles?

We'll, you'd think so, but just like wood shutters, prices for these trucks seem divorced from reality.

I'd ask my friend how badly he wants to fuck around with tire kickers and people wanting to "negotiate". If it was me I'd split the difference between book and what the market thinks it's worth and wait, should sell quickly. If he wants to maximize his cash, then price it high and let it fly!
 

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,527
Reaction score
95,364
I don’t know, 13 years old and 239k miles. Is it really worth more than 16k? Vehicles don’t last forever without investing a lot of money in them. Seems like it might be hard to even borrow money to buy a 13 old vehicle. If you have that kind of cash laying around do you really want a truck with 239k miles?

I don’t. But someone does.
 

BONER

Well-Known Member
Joined
Aug 17, 2017
Messages
2,790
Reaction score
3,949
I don’t know, 13 years old and 239k miles. Is it really worth more than 16k? Vehicles don’t last forever without investing a lot of money in them. Seems like it might be hard to even borrow money to buy a 13 old vehicle. If you have that kind of cash laying around do you really want a truck with 239k miles?

This was my issue. I had $25k to spend and have wanted an LBZ ever since they came out. But I'm not dumping my $25k on a 200k mi truck. Not happening.
 

Duck'ed_Up

Well-Known Member
Joined
Oct 16, 2014
Messages
1,007
Reaction score
954
We gave away our '08 with 200K miles to a 'friend' a year-ish ago for $19K. Regret that now, but oh well. Had an offer for $24K and decided to hook them up instead [emoji849] LOL You live and learn, I guess. View attachment 953076

Sent from my Note 10+ using Tapatalk

I just did the same with my 09 and it was far more then the dealer was going to give!


Sent from my iPhone using Tapatalk
 

BHC Vic

cobra performance boats
Joined
May 24, 2014
Messages
24,744
Reaction score
18,409
I just did the same with my 09 and it was far more then the dealer was going to give!


Sent from my iPhone using Tapatalk
That’s kind of what I’m trying to do right now. Find someone looking to trade in their 2500 and offer more than carmax or the dealer
 

CLdrinker

Well-Known Member
Joined
Sep 28, 2011
Messages
8,275
Reaction score
15,752
This was my issue. I had $25k to spend and have wanted an LBZ ever since they came out. But I'm not dumping my $25k on a 200k mi truck. Not happening.
Exactly. The smart money takes that $20-25k and puts it down on a truck a few years old and has smaller payment but a much newer truck.

Banks don’t like anything over 10yrs and 100k miles. So it really limits the buyers. But there is an ass for every seat.
 

hawgty55

Well-Known Member
Joined
Jun 5, 2015
Messages
1,249
Reaction score
1,784
All markets are on the sellers side right now. Anything that nice even with 2-300k miles priced under 20k is gone before i have a chance to look at it.

And lets see the truck. Its obviously for sale and there are several members including myself looking for similar trucks with this criteria.
 

Racey

Maxwell Smart-Ass
Joined
Sep 18, 2007
Messages
21,308
Reaction score
45,373
Exactly. The smart money takes that $20-25k and puts it down on a truck a few years old and has smaller payment but a much newer truck.

Banks don’t like anything over 10yrs and 100k miles. So it really limits the buyers. But there is an ass for every seat.

I don't know if that is necessarily the smart money as a new one is 70k+tax +1,500 registration every year, + DEF smog crap.

So you drop 20k down, you are still on the hook for 55k worth of payments that are essentially equity evaporations as the truck depreciates rapidly from the new purchase price.

Now if you put 30k miles on the truck a year, and it makes your living for you, smart money is probably on the new truck.

If you are just looking for a 2nd vehicle to tow with, or make your lake trips, not having 55k worth or payments on a depreciating asset is pretty nice.
 

Duck'ed_Up

Well-Known Member
Joined
Oct 16, 2014
Messages
1,007
Reaction score
954
That’s kind of what I’m trying to do right now. Find someone looking to trade in their 2500 and offer more than carmax or the dealer

Yeah that’s the way to do it! it went to a friend of a friend. Truck had been super solid for 11 years and I probably let it go to cheap but I was happy and so was he so to me that’s a good transaction. It was loaded for its time! The kid who bought it was driving an early 90s non turbo powerstroke it was a manual to boot heck of an upgrade for him!
IMG_7587.jpg



Sent from my iPhone using Tapatalk
 

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,527
Reaction score
95,364
All markets are on the sellers side right now. Anything that nice even with 2-300k miles priced under 20k is gone before i have a chance to look at it.

And lets see the truck. Its obviously for sale and there are several members including myself looking for similar trucks with this criteria.

I’ll see if he’ll send me some pics
He’s in the Phoenix area, I’m back at home now in Havi
 

CLdrinker

Well-Known Member
Joined
Sep 28, 2011
Messages
8,275
Reaction score
15,752
I don't know if that is necessarily the smart money as a new one is 70k+tax +1,500 registration every year, + DEF smog crap.

So you drop 20k down, you are still on the hook for 55k worth of payments that are essentially equity evaporations as the truck depreciates rapidly from the new purchase price.

Now if you put 30k miles on the truck a year, and it makes your living for you, smart money is probably on the new truck.

If you are just looking for a 2nd vehicle to tow with, or make your lake trips, not having 55k worth or payments on a depreciating asset is pretty nice.
LOL... You must of chose not to read the part where I said few years old.

You can get a nice truck for 40k.
 

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,527
Reaction score
95,364
LOL... You must of chose not to read the part where I said few years old.

You can get a nice truck for 40k.

And that’s what he’s looking to do.

He’s 60 now and doesn’t need the diesel anymore, like me he’s prior oilfield and has dumped his 5th wheels and race cars and trailers and has a big pusher and a Harley trailer and a storage unit full of Harley’s.

He’s looking at 2015 and up gassers.
 

Duck'ed_Up

Well-Known Member
Joined
Oct 16, 2014
Messages
1,007
Reaction score
954
I don't know if that is necessarily the smart money as a new one is 70k+tax +1,500 registration every year, + DEF smog crap.

So you drop 20k down, you are still on the hook for 55k worth of payments that are essentially equity evaporations as the truck depreciates rapidly from the new purchase price.

Now if you put 30k miles on the truck a year, and it makes your living for you, smart money is probably on the new truck.

If you are just looking for a 2nd vehicle to tow with, or make your lake trips, not having 55k worth or payments on a depreciating asset is pretty nice.

55k left in payments.... that’s a $1000 a month for 60 months. That’s a huge nut if it’s not for a business or being paid by a business. I’m sure some on here are like it’s no big deal. To be realistic you need to finance a max of half the cost... IMO


Sent from my iPhone using Tapatalk
 

CLdrinker

Well-Known Member
Joined
Sep 28, 2011
Messages
8,275
Reaction score
15,752
And that’s what he’s looking to do.

He’s 60 now and doesn’t need the diesel anymore, like me he’s prior oilfield and has dumped his 5th wheels and race cars and trailers and has a big pusher and a Harley trailer and a storage unit full of Harley’s.

He’s looking at 2015 and up gassers.
I’m thinking about listing this.
B4D7EF33-97FF-4F6C-9B05-F6346865493F.jpeg
 

81Sprint

Well-Known Member
Joined
Jul 26, 2010
Messages
1,513
Reaction score
4,469
sold my lbz for 19k, with 92k miles on it this summer. You are in the right price range

IMG_1117.jpg
 

Chili Palmer

Master of My Domian
Joined
Jan 7, 2010
Messages
10,647
Reaction score
19,853
Damn, at these rates I should be able to get $30k for my 2011 LML with 265k on the clock.
4F93E6DB-27F5-420E-B9B6-1BEE65ED257F.jpeg
F0765005-65C3-4E7E-AB9E-25DEC8254356.jpeg
 
Last edited:

Fastdadtsmith

Well-Known Member
Joined
Oct 23, 2013
Messages
1,607
Reaction score
3,262
With another round of free money coming I think most of us should should put a few items on the chopping block. @NicPaus nailed it early, ask 22k and take what you want.
 

shunter2005

Well-Known Member
Joined
Mar 3, 2015
Messages
1,572
Reaction score
1,807
My wrecked '09 GMC Duramax with 106K on it, went for just under $30K in March of this year. I was going to buy it and fix it up, but when insurance guy gave me that number, I was shocked and said where do it sign. I looked at another of the same year with 55K on it, listed at $33K, but it was a dog.
 

LC925

Well-Known Member
Joined
Oct 5, 2017
Messages
684
Reaction score
1,033
Easily put it up for $21,500-$24,500.
Just sold my ‘07 3500 DRW 139,000 miles with a damaged bedside (thanks to my brother) and a crack to one side that molds it to the center of the bed (GM beds are 3 pcs glued together). Sold for $20K no questions asked. It was sell for $20k as is or $30k after spending $4k on a new bed and install. Didn’t want to take the time though. These are sought after since Pre emissions crap. 239,000 is on the higher end but still should sell quickly if it’s clean.
 

Riverbound

Banned
Joined
Sep 26, 2007
Messages
26,751
Reaction score
19,204
Exactly. The smart money takes that $20-25k and puts it down on a truck a few years old and has smaller payment but a much newer truck.

Banks don’t like anything over 10yrs and 100k miles. So it really limits the buyers. But there is an ass for every seat.

That’s what I did. Found a cream puff 2013 with 50k miles on it. Put a huge down on it and have super low payments at 2% interest. Paid it off after a few months just because.

I drive the truck maybe once a month as I have a company truck. So couldn’t justify all the expense of a new truck.
 

Attachments

  • 6F735A1A-532E-49B8-9862-4A36BAD487F1.jpeg
    6F735A1A-532E-49B8-9862-4A36BAD487F1.jpeg
    430 KB · Views: 79

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,527
Reaction score
95,364
So here it is.
He’s hovering around the $22,500 range but if anyone is interested pm me and lll give you his number.

I didn’t start out brokering his truck for him! Lol

D8B5F1D0-B012-4EEC-8951-4F06865A166A.jpeg
C1732CE7-889F-439A-8285-A7461BB5462D.jpeg
1AB03EC1-F521-4037-B1F2-2211DE043940.jpeg
5F0322B8-81A0-4AC0-8A42-6E2F09F8A40A.jpeg
7F858122-4EEC-4347-AD17-CAB28C42BEA2.jpeg
D8B5F1D0-B012-4EEC-8951-4F06865A166A.jpeg
 

PlanB

Well-Known Member
Joined
Apr 25, 2018
Messages
4,242
Reaction score
8,183
Original owner, 135K, only gets pulled out of the garage for tow duty. I would not sell for less than 25K, but I have no plans to sell it. It's been a great truck!
DSCN1208.JPG
 

Dmangus

Well-Known Member
Joined
Jan 13, 2016
Messages
149
Reaction score
157
I recently sold my 2015 Silverado 2500 Diesel LTZ with 120,000 miles for $52K. $10K less than what paid for 5 years ago. Crazy what the used truck market is right now.
 

77charger

Well-Known Member
Joined
Dec 19, 2007
Messages
5,819
Reaction score
6,778
I personally would not bother with more than 16k for a truck with 220k miles i know that model body can go a long ways but small stuff will start failing then if any engine probs its gonna cost you.
 

She's Mine

Well-Known Member
Joined
May 9, 2008
Messages
1,325
Reaction score
757
I have this up for sale for $18,600.

It all depends how fast he wants to sell it. $20+ If he's not in a hurry but if he is then it should be lower than $20

image12.jpeg
image13.jpeg
 

ka0tyk

Warlock Performance Boats Merchandise Connections
Joined
Oct 4, 2010
Messages
9,025
Reaction score
11,374
I’m on a lot of gmt800 etc Facebook groups and there’s no reason that truck can’t sell for at least $20k right now. Duramax pricing is crazy right now because the other option of going new is just crazy expensive and that whole DEF nonsense.
 

zhandfull

Well-Known Member
Joined
Apr 20, 2008
Messages
2,666
Reaction score
3,611
Why do people buy diesel trucks? To pull big ass heavy trailers mostly. :oops:

200k plus miles they become a ticking time bomb ready to empty ones wallet. These trucks probably needs shocks,ball joints, steering box/joints replaced. The trans is about ready to shit the bed, but the engine is good for a half million miles after you replace the discontinued injectors with some rebuilt units and the wiring harness that all the plugs broke on. They are a bundle of fun! Hopefully the window motors still work because when that last can of autozone Freon leaks out it’s going to get hot inside.

But like has been said, there is an ass for every seat.

😁
 

TPC

Wrenching Dad
Joined
Sep 20, 2007
Messages
30,438
Reaction score
22,533
My experience has been few vehicles hold their value like DMax's.
We were blown away at the high trade in value of our 2015.
 

TPC

Wrenching Dad
Joined
Sep 20, 2007
Messages
30,438
Reaction score
22,533
Why do people buy diesel trucks? To pull big ass heavy trailers mostly. :oops:

200k plus miles they become a ticking time bomb ready to empty ones wallet. These trucks probably needs shocks,ball joints, steering box/joints replaced. The trans is about ready to shit the bed, but the engine is good for a half million miles after you replace the discontinued injectors with some rebuilt units and the wiring harness that all the plugs broke on. They are a bundle of fun! Hopefully the window motors still work because when that last can of autozone Freon leaks out it’s going to get hot inside.

But like has been said, there is an ass for every seat.

😁
$90K to replace some of these trucks, repair is cheap in comparison.
Having said that:
When I was in Sedona at the GM dealer with another DEF issue the service writer was telling me they are seeing a lot of grenaded FI pump Dmaxes being tow'd in.
And yep, $19K repair to begin with, can stretch as high as $22K.

BTW: Rear window regulator will arrive today from Amazon for our 2001. They eventually all fail. I recomend ordering all 4 doors and keep them on hand. Order the regulator with the motor attached. Works way better that stock, only a few bucks more and is a much easier install.
 
Last edited:

FROGMAN524

Well-Known Member
Joined
Mar 16, 2013
Messages
4,880
Reaction score
8,339
$90K to replace some of these trucks, repair is cheap in comparison.
Having said that:
When I was in Sedona at the GM dealer with another DEF issue the service writer was telling me they are seeing a lot of grenaded FI pump Dmaxes being tow'd in.
And yep, $19K repair to begin with, can stretch as high as $22K.

BTW: Rear window regulator will arrive today from Amazon for our 2001. They eventually all fail. I recomend ordering all 4 doors and keep them on hand. Order the regulator with the motor attached. Works way better that stock, only a few bucks more and is a much easier install.

2017 and up they’ve replaced the Bosch CP4 with the Denso system and lift pump. No more issues.


Sent from my iPhone using Tapatalk
 

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,527
Reaction score
95,364
Why do people buy diesel trucks? To pull big ass heavy trailers mostly. :oops:

200k plus miles they become a ticking time bomb ready to empty ones wallet. These trucks probably needs shocks,ball joints, steering box/joints replaced. The trans is about ready to shit the bed, but the engine is good for a half million miles after you replace the discontinued injectors with some rebuilt units and the wiring harness that all the plugs broke on. They are a bundle of fun! Hopefully the window motors still work because when that last can of autozone Freon leaks out it’s going to get hot inside.

But like has been said, there is an ass for every seat.

😁

Id personally never buy any vehicle with 200K on it, unless it’s a donor car.
I think it’s nuts what these are selling for.
Besides I’m a Cummins guy when it comes to diesels.

But I do know that this particular truck has recently had the front end all updated as far as rod ends and ball joints, shocks etc.

He’s a guy that freaks out if there is one little thing not right.
 
Top