Resale value, what happened???

[Pakman]

I traded in a15 STi with 14K miles for the GT. The Subaru dealer that bought my car listed it for the price of a new one...Now Subaru STi is a brand that holds its value well.

So damn true, especially in cold weather states. Not just their STIs either. Buddy of mine bought a new WRX hatchback not long ago. Then sold.it for more than he bought it for about 8 months later. Though it did help that Subaru stopped making the hatchbacks after his model year.

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[Mike A.]

Sticker on my car was $42,975 including freight/delivery. I paid $37,800 including freight and delivery.

Hopefully most people aren't paying sticker... :doh:

 

[RIBS]

So if you look at something like motor trends 2016 new car guide it will tell you depreciation after five years. Most cars are worth 47 to 50% of their MSRP but they rate the Mustang is being worth 53% of their original MSRP. That means less depreciation on Mustang than most cars. Who knows if it's accurate.

 

[Glenn G]

From what I've read, the average Depreciation rate is about 1.5% per month for the first year, 1% per month for the 2-3rd year and .5% per month for the next two or. Leaving most cars at around 52% after 4 years, 46% at 5 and 40% at 6. There are too many variables and differences to make any generalized formula after 6.

Obviously this is just the average car,~10k miles per year, Something special, limited or less miles will depreciate less, Cars with excessive miles and brands with poor reliability will tank hard after 3.

I can't remember where I read that but it seems to keep right inline with most KBB values

 

[CEHollier]

Try trading in your car at a dealership. See if they'll give you the 13k KBB claims. Not going to happen. First excuse dealers use? We use auction market values NOT KBB. Have you been in a dealer live auction? You get cars for dirt cheap!

Now if you sell it yourself might be a different story but most people trade in anyway.

If you sell yourself do a in and out to get the tax benefit. Otherwise you pay full taxes on the value of the new car.

 

[Old 5 Oh]

If you sell yourself do a in and out to get the tax benefit. Otherwise you pay full taxes on the value of the new car.

Or, if you live in CA, you can pay full taxes whether you trade or pay cash. Because CA is special that way.

 

[dwroth]

If you sell yourself do a in and out to get the tax benefit. Otherwise you pay full taxes on the value of the new car.

What is an "in and out"?

 

[Old 5 Oh]

MSRP $39800, payed $36,300. KBB says $30,100 PPV. Less than 20%. Sounds fair for the first year. Anybody who paid MSRP is looking at a heavy hit.

 

[Mike A.]

Or, if you live in CA, you can pay full taxes whether you trade or pay cash. Because CA is special that way.

Same with Va.... :frusty:

 

[Stormtrooper5.0]

Yep.
I paid $22,945 (ttl not included) for my v6 51a package w/ spare and floor mats. 11 months and 6,000 miles later it is valued on KBB for... $21,675.

There are also other variables at work here. Try typing in a different zip code and you'll get a different valuation.

Wow nice...i paid 22945 as well. I only have 4k miles on mine. I wonder if a dealer would ever buy the car for that much though

 

[DeepImpactBlue2015EB]

buy a Honda/Toyota next time

 

[Asharus]

if i didn't drive over 20k miles per year, i'd be leasing.

"Trust me.. never buy a depreciating asset. If it drives, flies, floats or f*cks - lease it!"

https://twitter.com/therock/status/424332374022037505

LOL

 

[Chameleon]

.

 

[Dat37tho]

Yeah, I didn't buy this car as an investment and deprecation wasn't a concern. I bought it because its what I wanted and it's fun to drive.
Already have 22k miles on it and haven't even had it a full year yet but it's all been worth it. And by the time I do plan on getting rid of it (which is in 3 years at least), whatever I can get for it will just be the down payment on the next Stang. Never once expected to get anywhere near what I paid for it, and I knew this well into buying it.

And I think a good rule of thumb would be to never look at cars like these as an investment for major return or as a way & means to get money back, especially if it's your daily driver. It lost worth the moment you drove it off the lot, and it technically loses worth every time you drive it to work.
But hey, at least you'll have a fun drive to work, and at the end of the day, isn't that all that matters or why you bought it in the first place??

 

[Strokerswild]

Unless it has GT500 or GT350 across the rear, the regular mustangs will always tank in value.

And those cars tank in value too, they just maintain some of the premium they had in the first place.

My '07 GT500 vert stickered for $50K and change. I bought it in early 2010 for $35K. Comparable cars are now selling (not the asking price) for $24-28K.

Worth more yes, but they cost more to start with.

In general, late-model cars are one of the worst "investments" out there....

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