A Newer Truck With A 67.8% Resale Value Is One Of The Best Investments For Retirees

Retirees often want to feel a sense of security in their golden years, particularly when it comes to financial investments. Along with housing, healthcare, and fiscal security, knowing that you have a reliable vehicle that fits your needs in retirement can be vital — not to mention the financial importance of finding a vehicle with a decent resale value. With that said, the 2023 Chevrolet Silverado HD might be your perfect ride.

According to MotorTrend, the 2023 Chevrolet Silverado HD retains 67.8% of its resale value, so when retirees are eventually done hitting the open road in their golden years, they can rest assured that they will get a decent amount of money back for the vehicle. In fact, buying a truck with strong resale value could be just one of many investment opportunities that makes sense for retirees to consider as they navigate their finances in a post-career life.

When it comes to money and finances, your retirement lifestyle will ultimately determine your success as a retiree. For some, that could involve purchasing a truck like the Silverado, which, if equipped with LTZ trims and Work Truck specifications, can retain over 69% of its resale value.

According to Kelley Blue Book, pricing for a used Silverado 1500 is around $28,800 for a Regular Cab Work Truck Pickup 2D 6 ½ feet. That's nearly $10,00 off the original market suggested retail price of $38,195. This new MSRP happens to be roughly the same price of the same model at 8 feet, which typically sells for about $25,963. These prices can make the 2023 Chevrolet Silverado HD a great choice for retirees on a fixed income, when knowing what to expect back from their vehicle can be particularly important.

Retirees on the hunt for a great truck will find that there is much more than just excellent resale value when it comes to this truck. Chevrolet is one of a handful of car brands that cost the least over time, mostly because its vehicles are built with quality parts and labor. U.S. News and World Report put the 2023 Silverado 1500 at No. 4 on its list of top 2023 full size pickup trucks, thanks in part to its powerful engine performance, roomy interior, and infotainment system.

Car and Driver lists the 2500HD and 3500HD models starting at $43,395. Depending on additional features, options, and trim, the Silverado can cost as much as $72,595. However, these 2023 Silverado models come with an incredible 36,000 pound towing capabilities and trailer-assist features that add to the 910 pound-feet of torque under the hood. This means that retirees wanting to take a boat to the lake, or hitch a camper, will have no problem getting to their destination.