Resale value, what happened???

[Kbreese]

Wow. Spend a day at work and you never know what you'll miss!

Not much. I could eat a bowl of alphabet soup and shit out a better thread.

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[mnm4ever]

I wasn't even going to bother commenting but I can't resist. Where do you guys live that cars are so cheap?? I paid $35k plus TT for 2015 GT with PP and Recaros, way back a full year ago even. I checked KBB for grins and the retail value of my car is about $33k, trade-in is between $29-31k. Right about what I expected.

Everyone should know by now that the V6 models hold bad resale value compared to the GT. The GT (especially ones with the Coyote) tend to stay pretty high. I shopped for used ones before I got mine, and its nearly impossible to find a nice low mileage one with good options for under $20k. Even the older GTs with less HP float around $15-17k or so unless they are really beat up. The EB is too new to tell, but I doubt it will do much better on the used market than the V6, people still don't trust the turbos without a warranty. And while on that subject, $35k for an Ecoboost?? Around here they are blowing out the EBs for like $26k with the PP. The Premium models and the extra options are where you really lose a ton of value. And trading in is a bad way to go if you have a very clean or otherwise special car. A car like the Mustang is usually better to sell yourself, especially if you have a good color, or a stick, or ultra low miles. Dealers don't care about that usually, unless its a really good performance-car oriented dealer.

As for Ultra's amazing deals, I am not calling BS on it. I can see him getting that much on trade for all those Mustangs, especially if they all had such low miles and were in such nice shape. His dealer probably already had the 2013 sold before he even wrote the deal. One thing though... Ultra bragged about the price he paid for every car he listed... EXCEPT the new one. And when several people justifiably asked about it, since the trade-in number is useless without the sales price of the new car, he blew them off with some kind of childish remark. So why the sudden secrecy???

A trade-in deal on a new car is all about the difference in price, without the difference that price is useless. I know plenty of people massively upside down on their trades that get crazy offers on paper for them, but they pay for it in markup on the new car.

 

[redline727]

I wasn't even going to bother commenting but I can't resist. Where do you guys live that cars are so cheap?? I paid $35k plus TT for 2015 GT with PP and Recaros, way back a full year ago even. I checked KBB for grins and the retail value of my car is about $33k, trade-in is between $29-31k. Right about what I expected.

Everyone should know by now that the V6 models hold bad resale value compared to the GT. The GT (especially ones with the Coyote) tend to stay pretty high. I shopped for used ones before I got mine, and its nearly impossible to find a nice low mileage one with good options for under $20k. Even the older GTs with less HP float around $15-17k or so unless they are really beat up. The EB is too new to tell, but I doubt it will do much better on the used market than the V6, people still don't trust the turbos without a warranty. And while on that subject, $35k for an Ecoboost?? Around here they are blowing out the EBs for like $26k with the PP. The Premium models and the extra options are where you really lose a ton of value. And trading in is a bad way to go if you have a very clean or otherwise special car. A car like the Mustang is usually better to sell yourself, especially if you have a good color, or a stick, or ultra low miles. Dealers don't care about that usually, unless its a really good performance-car oriented dealer.

As for Ultra's amazing deals, I am not calling BS on it. I can see him getting that much on trade for all those Mustangs, especially if they all had such low miles and were in such nice shape. His dealer probably already had the 2013 sold before he even wrote the deal. One thing though... Ultra bragged about the price he paid for every car he listed... EXCEPT the new one. And when several people justifiably asked about it, since the trade-in number is useless without the sales price of the new car, he blew them off with some kind of childish remark. So why the sudden secrecy???

A trade-in deal on a new car is all about the difference in price, without the difference that price is useless. I know plenty of people massively upside down on their trades that get crazy offers on paper for them, but they pay for it in markup on the new car.

He said he paid $35,000 for the 15 GT that he traded the 13 in on. It was like post 99. There was no secrecy. This all just got way too out of control haha. I was trying to bust his bawls. By saying he blackmailed them to get those deals. It came across wrong. He said my car was ugly...I went and told her he didn't mean it. Everything is fine now haha. Let's just move on and all agree if you have a late model Ford it's most likely depreciating unless you have an 05/06 Ford GT lol.

 

[Five Oh Brian]

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.

I work at a dealership and we pay KBB almost every time!

 

[Five Oh Brian]

Mustang resale value always have been low.

Bought a 2003 Mach 1 brand new for $23,222. Traded it in 4 years later and got $21K for it. That's VERY minimal depreciation! My '07 GT Was about $27K new and 4 years later I traded it in for $21K, as well. Still not too much depreciation.

Momma always told me not to use words like "alway" and "never" in arguments. Over-generalizations aren't useful when trying to make a point.

 

[Five Oh Brian]

It's a Ford.
My FJ Cruiser on the other hand can be sold higher than I paid for after 3 years and 30k miles.

I bought my wife a brand new 2011 Ford Ranger SuperCab XLT 4x4 $-Door in 2011 for $18K after rebates. 6 months later I traded it back to the dealership to get my wife a brand new Ford Escape and got $21K for the Ranger. That's a $3K profit on the Ranger.

Fords do NOT depreciate any worse than other brands and often do better!

 

[Five Oh Brian]

...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.

^^^ So true.....

 

[Falconetti]

Not much. I could eat a bowl of alphabet soup and shit out a better thread.

 

[cbrtrx]

I wasn't even going to bother commenting but I can't resist. Where do you guys live that cars are so cheap?? I paid $35k plus TT for 2015 GT with PP and Recaros, way back a full year ago even. I checked KBB for grins and the retail value of my car is about $33k, trade-in is between $29-31k. Right about what I expected.

Everyone should know by now that the V6 models hold bad resale value compared to the GT. The GT (especially ones with the Coyote) tend to stay pretty high. I shopped for used ones before I got mine, and its nearly impossible to find a nice low mileage one with good options for under $20k. Even the older GTs with less HP float around $15-17k or so unless they are really beat up. The EB is too new to tell, but I doubt it will do much better on the used market than the V6, people still don't trust the turbos without a warranty. And while on that subject, $35k for an Ecoboost?? Around here they are blowing out the EBs for like $26k with the PP. The Premium models and the extra options are where you really lose a ton of value. And trading in is a bad way to go if you have a very clean or otherwise special car. A car like the Mustang is usually better to sell yourself, especially if you have a good color, or a stick, or ultra low miles. Dealers don't care about that usually, unless its a really good performance-car oriented dealer.

As for Ultra's amazing deals, I am not calling BS on it. I can see him getting that much on trade for all those Mustangs, especially if they all had such low miles and were in such nice shape. His dealer probably already had the 2013 sold before he even wrote the deal. One thing though... Ultra bragged about the price he paid for every car he listed... EXCEPT the new one. And when several people justifiably asked about it, since the trade-in number is useless without the sales price of the new car, he blew them off with some kind of childish remark. So why the sudden secrecy???

A trade-in deal on a new car is all about the difference in price, without the difference that price is useless. I know plenty of people massively upside down on their trades that get crazy offers on paper for them, but they pay for it in markup on the new car.

I have to agree, not to get in the middle of any name calling and childish insulting but in almost every post I've read most people posting only 1 number like some kind of pissing contest. That number is useless without ALL the other numbers. I can easily make it look like you're getting 4k over trade on paper and still profit big time out the back end. I'm not calling anyone here a liar, I just find it funny how little people really understand the business but yet think they got a great deal. Sales is all perception, the ones that think they got a great deal usually just had a great salesman

In the end though as long as you feel good about your deal then that is all that matters.

 

[Bang Stang]

Unless all the numbers are revealed on the purchase agreement, the trade in credit you received means nothing. Dealers can play around with numbers all day and just move them around. There is still more to this story than meets the eye. You stated that you got $29,500 for the trade in, which you did verify. But you also stated that you got the 2015 for $35,000 with a difference of $5.5k out of pocket yet you did not reveal that number on the purchase agreement letter you posted. It is all about relevance.

 

[redline727]

The thing I noticed that shocked me was the State Sales Tax in LA 9.75%!!! Holy shit balls!!! [emoji47] I was pissed when they raised it to 4% on cars here in VA. Hopefully it's not like in VA and some other states that you pay tax on the whole sale price regardless if trading something in or not. Most states only tax the difference.

 

[oustaz]

:lol::lol::lol:




:ford:

Now go drive this car for the sake of God, it's what its made for:doh:

 

[Ultrakla$$ic]

just checking in. :lol:

 

[Kbreese]

I have to agree, not to get in the middle of any name calling and childish insulting but in almost every post I've read most people posting only 1 number like some kind of pissing contest. That number is useless without ALL the other numbers. I can easily make it look like you're getting 4k over trade on paper and still profit big time out the back end. I'm not calling anyone here a liar, I just find it funny how little people really understand the business but yet think they got a great deal. Sales is all perception, the ones that think they got a great deal usually just had a great salesman

In the end though as long as you feel good about your deal then that is all that matters.

Unless all the numbers are revealed on the purchase agreement, the trade in credit you received means nothing. Dealers can play around with numbers all day and just move them around. There is still more to this story than meets the eye. You stated that you got $29,500 for the trade in, which you did verify. But you also stated that you got the 2015 for $35,000 with a difference of $5.5k out of pocket yet you did not reveal that number on the purchase agreement letter you posted. It is all about relevance.

Now go drive this car for the sake of God, it's what its made for:doh:

 

[wproctor411]

Wrangler and FJ are always at the top of the resale value lists...the other vehicles in the top ten vary from year to year.
http://www.kbb.com/new-cars/best-resale-value-awards/best-resale-top-10-cars-2014/

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