So who has ordered the new S550 Mustang?
Discussion
mattus said:
Heard from my Ford dealer today ...finance deals are now available for quotation:
Good news, residual seems high ....£35,385 car, V8 fastback, manual , 3 yrs , 6000 miles /yr.
GMFV is (a healthy) £17,907 (~50%).
£12k deposit , 36 payments of £268 (6,8%)
Life is good.....going to add a deposit for the new TVR on Monday just for fun .....
have fun
Matt
Sorry, I am well late to the party here with this but involved with other things. Good news, residual seems high ....£35,385 car, V8 fastback, manual , 3 yrs , 6000 miles /yr.
GMFV is (a healthy) £17,907 (~50%).
£12k deposit , 36 payments of £268 (6,8%)
Life is good.....going to add a deposit for the new TVR on Monday just for fun .....
have fun
Matt
This is one of the best RV's (future used car valuation - GMFV, if you like if you're not familar with the terminology) out of Ford today and probably going some distance back before the sales wars started with the fleets, that carshed down RV's.
The deal is that the V8 - all of them - have a 51% GMFV at 36m / 12k miles and the 2.3L has a 48% GMFV at the same period. When you consider that regular Focus and Fiesta, the better performing used car %'s, are in the 30's for the same period, you can understand that this is cracking stuff because this really is cheap speed motoring. Just before you get to your calculators, please let me just go through a few things.
Why should I know ? Because I, with a team, set these. We looked at the competition and frankly there is nothing out there that compares. We were bereft of official import competition. The closest that is on offer in the UK and Europe was the Camaro, in terms of price. But that has now gone anyway. But even they are a healthy few thousand more than the Muzzy in the list price.
The VXR8 is £55k. The AMG and M3 premium German brigade are also up there and more - a lot more. The stuff from Japan, like 370 and GT86, really doesn't fit the profile either.
So we were stuck.
What we then did was look at what grey imports were selling for and these attract good money. A 2012 motor with 20-30k miles still is in the low £20k's today here in the UK (and more) when I took a snapshot view when working this through.
So this was my starting point. But we need dealer margin and the risk that should these flood the market new and then all you lot want the better 2018 version (just theoretically), the dealer network are flooded with all your used Muzzies for sale - who will buy them?? Also, the low £20k's were retail values, not trade in values with a bit of equity thrown in for the GMFV.
So that is how we came to the %'s above.
Right, factory options are not residualised in the UK. So you would have to pay them upfront. That is why, most probably, £17,907 that Mattus quotes above based on that age / mileage profile would be the same nationwide. Your stripes and stickers and extra interior/exterior stuff makes not a jot of difference to the used price from Ford Credit. The other thing is that my 51% and Matt's 50% is a tax anomoly. My 51% was set for Europe without tax. So add back some tax, in the UK, that's dropped by 1%.
Look, the bottom line is that Ford really want to get into the Mustang public here in the UK and get these sold. They need a good value - cheap value on the monthly payment. Once we were done, these were past through Ford and I think they could see their objective being completed here.
The reason for the high payments, just in absolute sense, is because the car has a premium value for Ford. There is no getting away from the fact that this is a mid £30k motor, with the 2.3L being around 30k - a value that Ford never messes around with. But if you tanked up a Mondeo / S-Max / Galaxy to the mid 30's, you'd be looking at £500/600 per month with hefty deposit. So that gives you some feel.
Right - just some other stuff. I noticed that on some of the other threads, people were saying that if the monthly payment works out as "£x" for 6000 miles pa / 36 months, take the finance from Ford Credit, settle it, then do more miles just on the bank loan, instead of paying the 12k miles pa monthly.
Just let me caution this with you all. I agree that normally this is an option on the more mainstream cars but be careful with this car. The V8 version is a low miler and that's what the used car public want. I am expecting that few of you will buy it to rack up 20k miles pa. But should you choose to, you'll pay - and pay big time.
There is only one right value for a used car. That is at the time of sale, who is buying. That's the market. To think that you can get a cheap monthly on 6k pa, circumvent it with a bank loan for the same money and then go out and do 20k pa - there will be tears and the bank won't be crying. A 60k miler has less value than an 18k miler. Seems obvious doesn't it. But some people seem to think that the monthly payments and deposit can stay the same for both mileage sets. Seriously, some people here have said this. It won't happen folks. That is the reason why there are different monthly payemnts per mileage terms.
Your car will depreciate more by using it more, period. The cars that will be really sought after, especially in V8 world, will be the low milers. A 100k mile V8 loses its prestige big time.
At the end of the 36 months, you'll have the 3 choices. I would expect the V8 guys to settle theirs off and the 2.3L crew to perhaps change. That's the profile we were expecting.
IF you have gone over the mileage that you booked, if you hand back the car to the dealer, there will be a penalty. The best option for you is to settle the balance, knowing that you are paying off a very cheap motor - your balance will be nothing like the value in the classifieds for the same age car as the balance to settle is trade value minus some equity. So very cheap for a 3 year old Muzzie.
Alternatively, the dealer is looking to sell new cars and probably, as you roll in on its 3rd birthday, completing double the miles you said you would, there will be some deal on offer for you to get in a new car or new Muzzy. There is a hefty penalty for over mileage on these. the worst thing to do is hand it back and walk away.
I recognise that for some of you, the above is like teaching your granny to suck eggs. But others would not know this stuff and as Chris Tarrant used to regularly say "This is all only obvious when you know".
Happy Mustang motoring peeps.
Am I right in thinking that if the only place you can get a Mustang / Vignale / Focus RS from is a "Ford Store" and not any old Ford garage, that they'll not be available through the usual brokers like carbuyer?
Surely if an official non Ford Store dealership can't get one, other non Ford companies can't get them either?
Surely if an official non Ford Store dealership can't get one, other non Ford companies can't get them either?
Dal3D said:
Am I right in thinking that if the only place you can get a Mustang / Vignale / Focus RS from is a "Ford Store" and not any old Ford garage, that they'll not be available through the usual brokers like carbuyer?
Surely if an official non Ford Store dealership can't get one, other non Ford companies can't get them either?
The brokers don't supply the car they just bulk up orders and pass them on to dealers. when you go through a broker you still do the transaction with the dealer. So they'll do these through Ford Store dealers. Dealers will have trouble bulking up orders until supply is consistent. There are other makes the brokers have trouble touching, like Nissan.Surely if an official non Ford Store dealership can't get one, other non Ford companies can't get them either?
sumpoil said:
Had a call from Evans Halshaw in Wolverhampton today. Apparently there will be a Mustang in their showroom over the weekend. May be the yellow one I've already seen, but I'll pop along to have another look anyway.
Popped in to Evans Halshaw yesterday and indeed it was the yellow V8 GT I saw up in Liverpool. The Liverpool trip was a few weeks back now and as time passed I was beginning to wonder if, in my mind, I was being over-enthusiastic about how the car looked because it was the first time I'd seen one. But the good news is that even on a second viewing it still looked absolutely fantastic - it still had the wow-factor by the bucket-load. I'd forgotten just how great the body contours look when you see the car in real-life and I was further reassured about the interior. Also, I've heard comments about the clutch being heavy but I certainly don't find it so. The only comment I'd reiterate from my Liverpool trip is that the clutch pedal travel seems too long and it needs a stop. But generally it's a b
dy fantastic piece of kit ..... and my little girl (6 today) thought it was (quote) "Awesome!", so there you are - what better endorsement could you get than that! 
So it looks like there is a show car doing the rounds in the Ford Stores. I know there's gonna be one in store at Leeds on August 15th, does anyone have or know where to get hold of a definitive list of when and where this show vehicle(s) is due to make appearances? I'd like to get more than one look.
jord79 said:
So it looks like there is a show car doing the rounds in the Ford Stores. I know there's gonna be one in store at Leeds on August 15th, does anyone have or know where to get hold of a definitive list of when and where this show vehicle(s) is due to make appearances? I'd like to get more than one look.
Is that Benfields? been trying to find an appearance of the car further up north.sumpoil said:
Popped in to Evans Halshaw yesterday and indeed it was the yellow V8 GT I saw up in Liverpool. The Liverpool trip was a few weeks back now and as time passed I was beginning to wonder if, in my mind, I was being over-enthusiastic about how the car looked because it was the first time I'd seen one. But the good news is that even on a second viewing it still looked absolutely fantastic - it still had the wow-factor by the bucket-load. I'd forgotten just how great the body contours look when you see the car in real-life and I was further reassured about the interior. Also, I've heard comments about the clutch being heavy but I certainly don't find it so. The only comment I'd reiterate from my Liverpool trip is that the clutch pedal travel seems too long and it needs a stop. But generally it's a bdy fantastic piece of kit ..... and my little girl (6 today) thought it was (quote) "Awesome!", so there you are - what better endorsement could you get than that!
sumpoil thanks for sharing your excitement - this wait is getting unbearable (and I only ordered a month ago!). dy fantastic piece of kit ..... and my little girl (6 today) thought it was (quote) "Awesome!", so there you are - what better endorsement could you get than that! That very vehicle convinced me to order Triple Yellow - going to stand out a bit in the po-faced grey German car park here at work...
Quinny said:
unpc said:
Got an email from my dealer yesterday say that mine's getting built in late August. Yeeehaaa!
When did you order??unpc said:
I'm not a UCL winner but my mate is the dealer group chairman which helps. I ordered at the end of Jan. Doesn't necessarily mean I'm getting it any sooner. No delivery date has been suggested.
Cheers.....I ordered 2nd Feb so hopefully might hear something by the end of AugEdited by Quinny on Tuesday 21st July 12:27
What's the reliability of the V8 like? I know fords are usually very good but thought it was worth asking the question, I'm under the impression that the internal components are stronger than needed by a lot (very clutch, piston cons, engine mounts etc)
Always been told they are an un-burstable engine and parts can take a lot more performance than standard, I don't want any more reliability issues from my cars lol
Always been told they are an un-burstable engine and parts can take a lot more performance than standard, I don't want any more reliability issues from my cars lol
DazRSK said:
Just let me caution this with you all. I agree that normally this is an option on the more mainstream cars but be careful with this car. The V8 version is a low miler and that's what the used car public want. I am expecting that few of you will buy it to rack up 20k miles pa. But should you choose to, you'll pay - and pay big time.
There is only one right value for a used car. That is at the time of sale, who is buying. That's the market. To think that you can get a cheap monthly on 6k pa, circumvent it with a bank loan for the same money and then go out and do 20k pa - there will be tears and the bank won't be crying. A 60k miler has less value than an 18k miler. Seems obvious doesn't it. But some people seem to think that the monthly payments and deposit can stay the same for both mileage sets. Seriously, some people here have said this. It won't happen folks. That is the reason why there are different monthly payemnts per mileage terms.
Your car will depreciate more by using it more, period. The cars that will be really sought after, especially in V8 world, will be the low milers. A 100k mile V8 loses its prestige big time.
What a disappointing state of affairs this is. When I moved from UK to the US I was stunned by the cost of used cars in America - typically about 50% more expensive than UK counterparts. I've come to terms with this difference over the years and also come to the conclusion that US used car values are probably more realistic than UK ones. Basing a machine's value on it's 'prestige', rather than it's capability, utility and condition is a bit strange, I feel.There is only one right value for a used car. That is at the time of sale, who is buying. That's the market. To think that you can get a cheap monthly on 6k pa, circumvent it with a bank loan for the same money and then go out and do 20k pa - there will be tears and the bank won't be crying. A 60k miler has less value than an 18k miler. Seems obvious doesn't it. But some people seem to think that the monthly payments and deposit can stay the same for both mileage sets. Seriously, some people here have said this. It won't happen folks. That is the reason why there are different monthly payemnts per mileage terms.
Your car will depreciate more by using it more, period. The cars that will be really sought after, especially in V8 world, will be the low milers. A 100k mile V8 loses its prestige big time.
Example - I bought a new 2012 Mustang GT Premium for $36k and change in Feb 2012. I sold it in May 2015 with 56,000 miles - so around 18,000 miles per year and got $22500. During my ownership I added a brake kit, CAI, Raxiom headlights, a brace and poly bush kit + a Bama SCT tune, amounting to around $2500 in value - that was not factored into the used value.
Admittedly, I looked after it. The car looked like new when I chopped it - but 18,000 miles pa is 18,000 OVER what KBB say should be on the clock in 3 years. I thought the car would go to auction, but the (Dodge) dealer who bought it put it on his used car lot for $26,995 and sold it in 24 hours.
You can run a 5.0 Coyote to 100,000 miles before it needs a set of spark plugs - in fact, pretty much all they need is regular oil changes and filters.
What's the point of having a great, great car like this and not using it? It's like not shagging your wife, so that the next guy can.
Gassing Station | Mustangs | Top of Page | What's New | My Stuff