18 GT PP depreciation

[PortalMaker]

Of the three (Camaro, Charger and mustang) that I've owned the mustang is the one I've taken the biggest hit on in as far as resale or trade in. I think it is mostly because/due to the numbers of mustang out there. The market is saturated with mustangs so the value of even a slightly used mustang is crap.

Definitely a huge factor with depreciation. Sometimes people forgot that a low trade in value doesn't necessarily mean your vehicle is junk and/or undesirable... but if it's too common a vehicle, you won't get much for it.

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[TomcatDriver]

No. Large depreciation is not unique to American cars. Most German and British cars have terrible depreciation too... Especially British.

The biggest (worst) depreciation is usually full-size European luxury cars like the Mercedes S class and BMW 7 series. A 5 year old (2013) 750i that sold for $85-100K and now can be had for well under $30K (I see some nice ones down around $20K).

2013 Mustang GT with a $34K MSRP has a market value around $20K. Seems a little high, but there are a bunch for sale in the mid-teens ($14-18K). So call that 50% in 5 years, a heck of a lot better than 75%.

 

[youra6]

Yeah, part of the issue is that most of those "luxury" cars are priced too high to begin with, which exactly is the same problem with these 50k+ Mustangs. They are starting to encroach into Corvette pricing territory. A base Corvette is 55K MSRP. Here is one right around the same price as OP's (54K) and its not even the base Vette:

https://www.koonschevybuickgmc.com/...virginia-393419160a0e0ae84925708c17a7bf50.htm

Same thing goes for these British and German Luxury cars. They are marked up too high; and quite frankly they aren't super reliable either. If I had 50-60K to drop on a luxury car, I would NEVER buy it used.

 

[Spork3245]

The biggest (worst) depreciation is usually full-size European luxury cars like the Mercedes S class and BMW 7 series. A 5 year old (2013) 750i that sold for $85-100K and now can be had for well under $30K (I see some nice ones down around $20K).

2013 Mustang GT with a $34K MSRP has a market value around $20K. Seems a little high, but there are a bunch for sale in the mid-teens ($14-18K). So call that 50% in 5 years, a heck of a lot better than 75%.

Yup. I can get a used 2016 Mercedes S550 Coupe for around $90k... that had a $150k-ish MSRP when new... but that’s still got nothing on a depreciation of a Jaguar or Land Rover

 

[2015Etrac]

Are the discounts steeper for the 2018+ models than they were offering for 2015-2017 models at the time? I think I bought my 2016 GT for $3300 off sticker, but that was the best deal I could find for what I wanted, and it was during the 0% financing sale.

 

[youra6]

Are the discounts steeper for the 2018+ models than they were offering for 2015-2017 models at the time? I think I bought my 2016 GT for $3300 off sticker, but that was the best deal I could find for what I wanted, and it was during the 0% financing sale.

Possibly, but Ford did jack up the MSRP a bit on the 2018s so it all works out to be the same.

 

[2015Etrac]

Possibly, but Ford did jack up the MSRP a bit on the 2018s so it all works out to be the same.

Any idea what people are paying for the loaded 2018's? PP, auto, magneride, exhaust exhaust, etc.? My car was basically fully optioned for an auto and stickered at $44,260, I priced out an 18' the way I would want it, and it was $53,255.... Now if they start selling them at $10k discounts, I might get one.

 

[youra6]

Any idea what people are paying for the loaded 2018's? PP, auto, magneride, exhaust exhaust, etc.? My car was basically fully optioned for an auto and stickered at $44,260, I priced out an 18' the way I would want it, and it was $53,255.... Now if they start selling them at $10k discounts, I might get one.

I doubt anyone is paying sticker for a loaded GT. I think most people are getting at least 4K off that price.

Magnaride is extra, the new A10 is extra, and didn't Ford bump up the price for the performance package?

 

[JCFoster]

I started noticing it when GM started offering 20% off several years ago. To me, it seems they have inflated the MSRP's so they could do the big discounts and still meet their price point. If they sell at near $2-3k off MSRP they've made more profit and still have that cushion if they have to discount them heavily to move them. Now it's a waiting game to try to catch those savings or take a huge depreciation. I won't buy another Ford unless it's marked 15-20% off.

 

[TomcatDriver]

Yeah, part of the issue is that most of those "luxury" cars are priced too high to begin with, which exactly is the same problem with these 50k+ Mustangs. They are starting to encroach into Corvette pricing territory. A base Corvette is 55K MSRP. Here is one right around the same price as OP's (54K) and its not even the base Vette:

https://www.koonschevybuickgmc.com/...virginia-393419160a0e0ae84925708c17a7bf50.htm

Same thing goes for these British and German Luxury cars. They are marked up too high; and quite frankly they aren't super reliable either. If I had 50-60K to drop on a luxury car, I would NEVER buy it used.

But to be fair, look at Koons Mustang prices. All about $7-8K off.

 

[VooDooDaddy]

I bought my 2016 GT Premium, auto w/every available option except adaptive CC, with 615 miles on the clock last November for $24k.

 

[5.0 435]

About 2 years ago I bought a new C7 corvette 1LT convertible for $8K off msrp. + another $2K in GM credit card bonus money. Traded it 6 months later for a 16 Shelby GT 350 @ msrp. Used Kelly blue book cash offer. The offer was more then I paid for the vette. 6 mouths later sold the Shelby for what I paid for it. Then I started buying used Shelby’s. Like the 16 350,14 gt 500. And 13 boss 302. 2 years later if I held on to that 16 Shelby today I’d lost over $14K . But all the trading back and forth over that time I’ve lost about $3K. I’ve enjoyed a hell of a lot of cars though. In ga you don’t pay tax if the trade is equal. Right now the market is over saturated with these type of cars. So I’m done buying until the next .....must have vehicle hits the market. C8 or GT500.

 

[5.0 435]

But to be fair, look at Koons Mustang prices. All about $7-8K off.

One trick to use is the X plan to save on the doc fee. Just join SVT. You have to get the dealer to falsely raise your trade numbers for the numbers to work. He still makes the same profit and you can save another $500.
$599 doc fee in Atlanta area.

 

[MaxHedrm]

Any idea what people are paying for the loaded 2018's? PP, auto, magneride, exhaust exhaust, etc.? My car was basically fully optioned for an auto and stickered at $44,260, I priced out an 18' the way I would want it, and it was $53,255.... Now if they start selling them at $10k discounts, I might get one.

Everything but the auto on a convertible:
MSRP: $57,165
My price: $50,667 after discounts & rebates

 

[LightningStorm]

Never pay MSRP for american cars ever. While I do think that low 30's offer is a major lowball because they will turn around and sell it in the 40's its just the way the cookie crumbles with these cars. My car is a 2017 with only 5k miles on it and it has depreciated immensely.

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