New Mustang depreciation
Discussion
How are they going depreciation wise in the UK?
Here in Oz they’re starting to tumble and quite quickly.
9 months ago you wouldn’t have got on for sub $58k - now they’re getting sub $50k which is quite a difference in that space.
Interestingly the Lexus RC is holding well here and so is the 4 series.
Looks like the Mustang is quickly heading to sub $40k
Here in Oz they’re starting to tumble and quite quickly.
9 months ago you wouldn’t have got on for sub $58k - now they’re getting sub $50k which is quite a difference in that space.
Interestingly the Lexus RC is holding well here and so is the 4 series.
Looks like the Mustang is quickly heading to sub $40k
I was looking at Auto trader today and it looks like I either sold low or many of the other sellers are dreamers.
Interesting to know if a 2 year old GT can really still command more than it originally cost despite the up to date cost of a new one being a lot more.
I think the dearer cost of buying a new GT now helped me sell mine for just over 10% less than I paid for it.
Interesting to know if a 2 year old GT can really still command more than it originally cost despite the up to date cost of a new one being a lot more.
I think the dearer cost of buying a new GT now helped me sell mine for just over 10% less than I paid for it.
mfp4073 said:
According to What Car magazine they have a 5.0 GT listed at £44,595. That must be the 2018 model?
The current car however has a retained value of 51% at 3 years old.
How accurate these figures are in reality I'm not sure.
I've just priced up a 5.0GT 2018 model, custom Pack 2 and Magnetic paint and it was £43-ish. Some of the 2018 custom packs are dearer than others, and auto is another hike, so maybe that price is with absolutely everything?The current car however has a retained value of 51% at 3 years old.
How accurate these figures are in reality I'm not sure.
mfp4073 said:
According to What Car magazine they have a 5.0 GT listed at £44,595. That must be the 2018 model?
The current car however has a retained value of 51% at 3 years old.
How accurate these figures are in reality I'm not sure.
As there aren’t any 3 year old ones yet, not that accurate. Sales of second hand ones so far suggests they will do better than that.The current car however has a retained value of 51% at 3 years old.
How accurate these figures are in reality I'm not sure.
croyde said:
I bought for 34k and sold 2 years later for 30k. Makes that What Car suggestion of 51% after 3 years look badly researched, if at all.
Wonder if the what car price isn’t based on what trade would pay for the car ? Also need to take into account your since you bought your car the price of new cars has somewhat rocketed Are we talking £40k new now ? Since this was my topic, a quick update.
We have been looking for a couple of months now and were planning to go for it, but unfortunately due to a serious (terminal) family illness we are going to have to be putting in a lot of miles for a while, and not only was that not what we wanted a Mustang for but it'll also both cost a lot and devalue a car if we had one. So, the plan is now on the back burner until this situation plays out.
We have been looking for a couple of months now and were planning to go for it, but unfortunately due to a serious (terminal) family illness we are going to have to be putting in a lot of miles for a while, and not only was that not what we wanted a Mustang for but it'll also both cost a lot and devalue a car if we had one. So, the plan is now on the back burner until this situation plays out.
CAPP0 said:
Since this was my topic, a quick update.
We have been looking for a couple of months now and were planning to go for it, but unfortunately due to a serious (terminal) family illness we are going to have to be putting in a lot of miles for a while, and not only was that not what we wanted a Mustang for but it'll also both cost a lot and devalue a car if we had one. So, the plan is now on the back burner until this situation plays out.
Really sorry to hear that. Dream cars are all well and good, but sometimes life has an unfortunate way of putting a wrench in the gears. Best wishes to you and your family.We have been looking for a couple of months now and were planning to go for it, but unfortunately due to a serious (terminal) family illness we are going to have to be putting in a lot of miles for a while, and not only was that not what we wanted a Mustang for but it'll also both cost a lot and devalue a car if we had one. So, the plan is now on the back burner until this situation plays out.
Just popped into this forum ..fancy a car but unsure re the real depreciation over a few years or shorter .Went into the local dealer and enquired about one, had several used ones and a new one in the showroom ,but did say a new model is coming this year and could impact on older models .I have at present a couple of Boxster Spyders which are both depreciation free infact the new one is now 10% over list .Being retired cannot afford to take a big hit on new cars .any thoughts
Shall we whip out our crystal balls?
Who knows? Yeah, so there's a new model coming over the horizon of which the first RHD cars are rolling out of the Flat Rock plant any day now, and of course that will clearly impact the residuals of the slightly older cars, but by what sort of margin is extremely hard to quantify. Especially as the new prices of the cars appear to be rising all the time. For the equivalent GT today compared with the initial pricing back in 2015, you are looking at the thick end of an extra £10K. In that first year of sales, depreciation really was zero, in fact the cars appreciated in some cases due to the 8 month waiting lists. Now there's a stock swilling around Ford's inventory of unsold run out '17 cars, that's not going to help matters. Also another factor for a couple of years hence, originally Ford said they'd only import factory cars for 5 years, basically for the model life of the S550. They've cancelled the S650, so the rumours are the next Mustang will be based on the Fusion/Mondeo platform and not an engineered model in it's own right.
In summary, yes they will depreciate, but in my opinion not horrifically. Spec dependent obvs.
The Boxster Spyder is a limited production Porker, so is a bit different to a mass market American pony car. And of course any limited production Porsche is almost a certain banker compared with a Ford
Mine's a keeper, so personally I'm not fussed about future value..
Who knows? Yeah, so there's a new model coming over the horizon of which the first RHD cars are rolling out of the Flat Rock plant any day now, and of course that will clearly impact the residuals of the slightly older cars, but by what sort of margin is extremely hard to quantify. Especially as the new prices of the cars appear to be rising all the time. For the equivalent GT today compared with the initial pricing back in 2015, you are looking at the thick end of an extra £10K. In that first year of sales, depreciation really was zero, in fact the cars appreciated in some cases due to the 8 month waiting lists. Now there's a stock swilling around Ford's inventory of unsold run out '17 cars, that's not going to help matters. Also another factor for a couple of years hence, originally Ford said they'd only import factory cars for 5 years, basically for the model life of the S550. They've cancelled the S650, so the rumours are the next Mustang will be based on the Fusion/Mondeo platform and not an engineered model in it's own right.
In summary, yes they will depreciate, but in my opinion not horrifically. Spec dependent obvs.
The Boxster Spyder is a limited production Porker, so is a bit different to a mass market American pony car. And of course any limited production Porsche is almost a certain banker compared with a Ford
Mine's a keeper, so personally I'm not fussed about future value..
Edited by downthepub on Tuesday 16th January 20:36
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