Carhartt Cowboy
Bronze Member
Since all 4 major truck brands are getting to be equivalent, now its all about perception(s).
4?
Really!
Since all 4 major truck brands are getting to be equivalent, now its all about perception(s).
You keep cars for 20 years because of their resale value? If so than buy an Odyssey or Sienna. Caravans should come with a spare transmission instead of a spare tire.Trust me, as someone who went from a Caravan to a Suburban, looks had nothing to do with it. It had more to do with lower repair bills (nothing like dropping $2500 over the last 3 years on a 2006 Caravan with 140k miles on it) and a vehicle that will hold up for longer (200k miles with no major issues is fairly common).
The 2002 Caravan with ~130k miles that was replaced was starting to have a weird feel to the 2-3 shift and it had 3" wide by 2' long holes in the rocker panels going back from the front wheelwell and forward from the rear wheelwell.
We looked at getting another Caravan, but it wasn't worth the risk of problems and the resale value on a 15-20 year old Suburban with 200-250k miles is a lot better than a 10-15 year old Caravan with 150-200k miles.
Aaron Z
Let me know when they make the frame from aluminum.
Ah, but the catch is that we didn't buy new. We bought a 2005 with about 110k miles from South Carolina and we paid around $10k. Two owners (dad bought it, then sold it to his son who's wife drove it).You keep cars for 20 years because of their resale value? If so than buy an Odyssey or Sienna. Caravans should come with a spare transmission instead of a spare tire.
Edmunds True Cost of Ownership for a Suburban is $16,000 less so buy a Caravsn and give it away every five years.
5 year depreciation for the Suburban is 54%. Total costs are over $57,000.
5 year depreciation of a Caravan is 56%. Total cost is $41,001.
5 year depreciation of an Odyssey is 41%.
2014 Chevrolet Suburban: True Cost to Own | Edmunds
2015 Dodge Grand Caravan: True Cost to Own | Edmunds
2015 Honda Odyssey: True Cost to Own | Edmunds
This is a perfect demonstration of buying behavior: people decide they want a truck, then find economics to support their conclusion. Suburbans are very expensive to buy and own.
Edmunds has TCO numbers for used vehicles as well.Ah, but the catch is that we didn't buy new. We bought a 2005 with about 110k miles from South Carolina and we paid around $10k. Two owners (dad bought it, then sold it to his son who's wife drove it).
I could have gotten a newer (say 2010) Caravan with 50k miles on it for a similar price.
Gas is about $1000 more a year. Insurance is a little more, but its hard to compare as we have full coverage vs liability only. Might be $100 more a year.
The Caravan also couldn't tow a loaded haywagon and towing much of anything is iffy. We tow a 3000# rated 6x10' landscape trailer 6-8 times per year (which the Caravan is theoretically rated for, but isn't recommended if you don't like transmission repairs).
Yes, it comes down to the fact that we liked the Suburban better than the alternatives. Resale at 200k miles should be higher than a Caravan with 200k miles (yes, it is 4wd).Edmunds has TCO numbers for used vehicles as well.
Look, you want to buy a Suburban knock yourself out, but there is real-world user data to show they cost a lot more to own than a minivan. Interesting you first say you bought it because of good resale value, then say how you bought it used because it was so cheap.
Down south where people can buy 2wd Suburbans they seem a better bet but in the snow belt you are tying up a lot of money.
We owned two Caravans before buying an Odyssey, there's good reason why Fiat-Chrysler lost that market and has to give them away. As resale values reflect.