When will the Fiesta ST hit £8-9k
Discussion
Hi all,
Is it remiss of me as a relative novice when it comes to car buying to query why the 'new' Fiesta ST which was introduced in 2012 still seems to be retailing for north of £12,000 on the used market? My understanding was that it cost around £16-17k at launch and would be expected to lose around half its value by now - do cars plunge when they collectively come 'off-lease' which presumably tends to be around 3 years from first release in which case they may hit £8-9k over the next year or two?
Or alternatively is the advice I've often seen that car values halve in three years total cack, or not applicable to any half decent motor (insert own joke here if you hate the ST).
Is it remiss of me as a relative novice when it comes to car buying to query why the 'new' Fiesta ST which was introduced in 2012 still seems to be retailing for north of £12,000 on the used market? My understanding was that it cost around £16-17k at launch and would be expected to lose around half its value by now - do cars plunge when they collectively come 'off-lease' which presumably tends to be around 3 years from first release in which case they may hit £8-9k over the next year or two?
Or alternatively is the advice I've often seen that car values halve in three years total cack, or not applicable to any half decent motor (insert own joke here if you hate the ST).
Old MKII focus ST's in bright orange are still north of 10k for decent ones. These were similar price new to the Fiesta ST and are now 4-5 years old at the youngest!
The only reason to buy one now is the colour and the 5 pot sound because they're not especially quick and are rubbish on fuel. A friend of mine switched to a fiesta ST and thinks the fiesta is much better handling and just as fast, though the smaller size can be an issue at times.
The only reason to buy one now is the colour and the 5 pot sound because they're not especially quick and are rubbish on fuel. A friend of mine switched to a fiesta ST and thinks the fiesta is much better handling and just as fast, though the smaller size can be an issue at times.
Fiesta ST was 2013? Not 2012?
Wiki Says - "The Fiesta ST production model went on sale in both Europe and North America in 2013. In the North American market, the Fiesta ST became available in spring 2013 for the 2014 model year"
Many are likely to be on 2-3 year lease deals/PCP so are yet to hit the used market. Give it another 6-12 months and I think prices will drop once they become more readily available.
As others have said though, Fast Fords do seem to hold their value fairly well, and the latest Fiesta ST was widely praised.
Wiki Says - "The Fiesta ST production model went on sale in both Europe and North America in 2013. In the North American market, the Fiesta ST became available in spring 2013 for the 2014 model year"
Many are likely to be on 2-3 year lease deals/PCP so are yet to hit the used market. Give it another 6-12 months and I think prices will drop once they become more readily available.
As others have said though, Fast Fords do seem to hold their value fairly well, and the latest Fiesta ST was widely praised.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff