Depreciation

[Jimboy2]

Can someone explain to my why people think these cars will depreciate like a rock? I have never really understood why this sort of thing happens

I'm not too worried even though the thought of losing a lot of money is quite scary

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[wildcatgoal]

Because all new cars depreciate like a rock and Ford will likely have to make advancements to this model in 2018, if not 2017, to compete with the Camaro, so the 2015 and 2016s will not be as desirable. That and there is a running perception among buyers of used sports cars that it was flogged on and raced, which psychologically lowers the price user buyers are willing to pay. Mustangs, in the grand scheme of the auto-world, are generally not special enough to retain a high resale value.

 

[Jimboy2]

Hi. I'm in the uk. We don't have the camaro.

We have no other comparable cars in our market in the price range. Journalists compare the GT mustang to Jaguar F types. That's as close as they can get. Very bizarre!

 

[Mustang1878]

Yep! What he said ^^^

The more there are the less there worth, im sure if you popped it in a garage for 25+ years and kept in great nick it would be worth a few quid, theres a few folk with escort and sierra cosworths hiddin away im sure, sitting on a goldmine now

 

[wildcatgoal]

Value plummets on new cars. It is what it is.

 

[Jimboy2]

Oh yeah I understand that. It's just I'm hearing people say it's going to loose SO much more money than other cars.

 

[Mustang1878]

A Lot of talk online of being worth 17/18k after 3 years.....based on a £36k gt fully loaded

 

[Cati]

sounds about right - 50% loss over three years is about the going rate.

thats what you pay for the new car smell - you cant take it with you and if you enjoy it so what

 

[Mustang1878]

sounds about right - 50% loss over three years is about the going rate.

thats what you pay for the new car smell - you cant take it with you and if you enjoy it so what

Would be better off with a used mustang and a blue 'new car scent' magic tree:doh:

 

[Jimboy2]

But you don't get this whole experience of chasing a dealer for the tiniest bit of information. Money can't by that! Lol

 

[Mustang1878]

sounds about right - 50% loss over three years is about the going rate.

thats what you pay for the new car smell - you cant take it with you and if you enjoy it so what

But you don't get this whole experience of chasing a dealer for the tiniest bit of information. Money can't by that! Lol

You would if you bought it from arnold clark lol

 

[Manders Mustang]

A Lot of talk online of being worth 17/18k after 3 years.....based on a £36k gt fully loaded

General rule of depreciation is 25% y/y so if your mustang is 30k (we'll take the base price)

£30495 - 25% = £22871.25 (year 1)
£22871.25 - 25% = £17153.4375 (year 2)
£17153.4375 -25% = 12865.078125 (year 3)

Now the Mustang won't run this general -25% rule of thumb, because:

1) it's a much harder to come by car (Therefore rarer).
2) it's also the ONLY muscle car that is RHD in the UK
3) if wait times continue to be 6+ months, then you can always see a position in resale for the car.

However you can never predict resale of a car, it's almost impossible.

 

[Mustang1878]

Oh and the fact a lot of owners wont be used to rwd cars throwing them into fields left right and centre, i can see a lot of write offs leading to less on the road

 

[Manders Mustang]

Oh and the fact a lot of owners wont be used to rwd cars throwing them into fields left right and centre, i can see a lot of write offs leading to less on the road

Lol! I'd like ford to just give up selling them and move to limited runs to stop production bottle necks, and increase potential resale.

 

[Mustang1878]

Lol! I'd like ford to just give up selling them and move to limited runs to stop production bottle necks, and increase potential resale.

Ha, would be ideal, i think people more concerned with how much cash there going to lose will know the Focus rs is a good cash holder, everytime you used to pass a car show room they were selling for early £20k's 4 and 5 year old!

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