Why is the resale on these things so bad
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There's a bunch of factors at play here. A lot of people are weary of the 3.5 motors in these. Some have had zero issues, but others have gone through hell. Also, with the success of the Gen1's for decided to increase the production numbers on the Gen2's by a TON so the market is flooded with them which drives the price down.
Now that things have gone to poop its going to be even more difficult to sell these trucks for what the owner needs out of them. People are worried about the economic down turn so money won't be spent as much. The real nail in the coffin for the things (or other used trucks too) is the 0.0% financing that most brands are offering on new trucks. Why buy used, when over the life of the loan you can have a new truck for the same, or less cost.
Good luck to the seller, I've been toying with the idea of moving out of my 53K mile Gen1 but there just isn't anything out there that really grabs me at the moment.
- Travis