Resale value, what happened???

[BigGuy81]

It's KBB. Their trade in prices are there to get you to accept lowball offers from dealer. Look at what similar cars are actually selling for to get a more realistic idea.

Also, generally higher-specced versions of cars hold much less of their value than the lower-end models. A base manual GT will hold more as a percentage than a fully loaded premium convertible, for example.

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[Terminated]

Cars are a horrible horrible investment.

Especially when you start modding them. I have never gotten all of my money back and I don't ever expect to.
Although Hagerty says they will have a value:
"The previous generation Mustang will definitely go down in history as a collector’s car, but the new Mustang has something that the previous generation didn’t: an independent suspension. As the first generation of Mustang to leave the live rear axle behind, you better bet it will be collectible. Hagerty says that the Mustang GT with the performance package is going to be the one to buy, too, noting that it’s a true driver’s car."

 

[Mr Monte]

It's KBB. Their trade in prices are there to get you to accept lowball offers from dealer. Look at what similar cars are actually selling for to get a more realistic idea.

When I traded in my 2 year old 2012 Camaro 2SS/RS the KKB trade in value was $29K (I paid $37K new). The dealer gave me $30K in trade plus took $4K off my new purchase + free mobil 1 oil changes & added a full clear bra. They ended up sell my Camaro for $29K after replacing 1 tire.

The MSRP on my 2013 Mustang GT was $42k, I paid $25K when it was 14 months old.

When I bought my 2010 Mustang GT new I got $9,600 off MSRP. The dealer bought it back 18 months later at full purchase price because of all the issues it had.

 

[Rypkr937]

Just checked mine and agree with the OP - pretty painful depreciation.

My MSRP was 45,500. Paid 38,500. Now with 5600 miles has a trade in of 32,000 and a private party of 33,500.

That's pretty horrible considering my vehicle prior to it was a 2013 ram express that got totaled. The value on the truck was 36,000 new and the insurance gave me over 29,000 for it 25 months later and 33,000 miles.

TLDR - Mustang depreciated $12,000-$13,000 in 6 months with 5,600 miles whereas RAM truck depreciated $7,000 in 25 months with 33,000 miles.

 

[Ecoboosted]

I plan to keep my mustang for at least 10 years. It has enough bells, whistles and performance to keep me happy for many years. I'm tired of trading and getting hosed on trade in values. Glad I got it below X-Plan pricing and 0% from ford for my stang.

 

[LOL WUT]

Mass produced mustang. Not special in terms of rarity. Absolutely no reason for it to hold value. If you cared about resale you'd should have bought a gt350.

 

[HoustonMustang]

S550's that are are overload with options will take the largest deprecation hit...

Actually...a base V6 will probably retain the great percentage of original value...

Less MSRP...usually means less depreciation...

Lots of aftermarket accessories also kills the resale unless you find the great buyer... Dealership's prefer stock vehicles for trade-ins...

Custom wheels & exhausts are valued at zero as trade-in values...

 

[CommyO]

I want to keep it as long as possible so I'm not worried about depreciation

 

[Ap8823]

My car MSRP on July 4 2015 when I bought it was 36890. Today with 1.4k miles its trade in value is 24k

 

[Ender]

I have to say those KBB values are bullshit. They're trying to say my car, which at MSRP was about 34k, is now worth 23k at trade-in? That doesn't even make sense.

I think researching what nearby dealerships are selling your model at is a better measure. I've seen my model car, used, with the same amount of miles being sold for 29k and it doesn't even have the performance package. Not saying I can get 29k for it, but maybe 26-27k. Am I crazy?

 

[K-Roll302]

I love depreciation! It means I can afford cars I can't have brand new!

 

[Northern Goat]

I've owned over 40 cars, new & preowed. Never have I seen this much depreciation at the rate realized here. Typically, 3k-3.5k is the norm when leaving the lot, but damn. Lesson learned:amen:

Not unusual last year I bought a 8 month old Grand Cherokee with 10K miles. For 48 out the door. Window sticker on equivalent new was 62.
Cars are toys not investments.

 

[speedfrk]

Base GT automatic in a good color- red, white, black, blue will hold more percentage value than any of the other options. Rebates and discounts can kill the used car market because it brings down the value of the used cars by the same percentage. That is one of the things you are seeing with the Mustang. The Labor Day sale generally discounted a Mustang 4-5K plus 0%. That is now priced into the used value since everyone knows that at the end of the year and when the new Camaros are widely available, Ford will do it again to keep market share.
I bought a base ecoboost automatic and got all the rebates and discounts, so I'm OK for now but in a couple of years, it will be ugly- especially if the car develops a reputation for being cheap, unreliable, etc. Cars like the Subaru which have a good reputation and low volume hold their value very well.

 

[aspensilver]

2 year old GT's are going to be great values, licking my chops now. Maybe some people will freakout over Gen6 Camaro and there will be some extra good deals ;)

 

[Zodiac]

My cars "trade in" has only dropped maybe $1,000 from what I paid for it. Another great reason to by base cars with minimal options. If resale is your kinda thing.

"Private party" is more than I paid.

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