That truck could have been bought for $30,000 or less. It is a 4wd Manual transmission Regular cab, looks like an LS. My 02 Ext Cab GMC Allison only listed for $39,000. You take off about $5000 for the extended cab and the allison, leaves you with about 34,000. They had some pretty good rebates back on the 02s, say 2-3K. Take .88% of the list to give a rough purchase price less rebates, makes it right at $30,000, take off an additional $3000 for rebates, incentives, GM card, commercial ect. Puts it at $27,000. Subtract the $14,500 resale price, leaves $12,500 depreciation. divide by 196K, makes it 6.37 cents per mile.
PRETTY DANG CHEAP PER MILE for Only owning a truck for two years. I do have to say, that truck looked good, that power dome hood on the 02 chevy has finally really grown on me. Of course the 04 hood on my new Chevy isn't bad either, lol.
Hunter