Car value shock!!

[Crew4991]

Wait, you mean Biden won’t eliminate my debt if I ask nicely? Damn, student loans the person signed on that dotted line as well

Not sure where you are going with that?
Pretty sure all political figures don't care what happens to a person's car depreciation.
If you still like the car and have no intention of selling it right now, the value of it shouldn't even be something you consider.

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[roadpilot]

ignoring 2020-2023, when and what vehicles? Can you post the full buyers order? Point being they may well have inflated your trade to sign the deal. Doesn't mean it was an "honest" assessment that you'd get if you walked into Carmax or another dealer with no intention of buying anything in return.

There's all kinds of gymnastics being played on trade deals that are not present on sell deals. 10-15% loss more or less immediately is a safe and common scenario.

I'm an AZ Plan buyer. Zero games. Same dealership. Same salesman for all but a couple (he retired, now I buy from his son). They don't play games or inflate. I know most of the folks there, including the owners, like family. Almost 2 decades now @ that dealership alone. Plus many others before.

No offense, but I don't need to keep explaining myself to folks who likely haven't purchased many new vehicles. I am more well versed than most anyone you know.

 

[Rocket Man]

Wow. Impressive.

 

[steveo1960]

X-Plan here... First dealer, a HUGE Mustang dealer and recommended by the local Mustang clubs, accepted it no questions but proceeded to add on all kinds of crap like VIN etching, 'ceramic' coating etc so I bailed... Second dealer who I have purchased cars from before but is mainly a pickup/SUV dealers agreed to no add on crap, not mandatory financing and straight X-Plan price. Transaction took 15 minutes. Pickup was about 30 minutes as the salesman explained the car to me.

 

[akfinfan]

My DH hasn’t really depreciated at all.

 

[Karguy]

My DH hasn’t really depreciated at all.

How so ? Please clue us in on the secret…

 

[509Mike]

I bought mine to enjoy not to flip so I don’t give a rats ass about resale prices. Unless you hate the car or are in over your head with payments why worry about it?

 

[robvas]

My DH hasn’t really depreciated at all.

how much did you pay, and how much did you sell it for?

 

[akfinfan]

how much did you pay, and how much did you sell it for?

I haven’t sold it, but when I look it up it’s only dropped like $600

 

[Gr8ful]

There are many experts here. If anyone can top purchasing 68 new cars, please jump in. I have lost more money than I can count trading or selling with in a year or two. If someone can find a GT, white or silver, manual, PP, Act. Exh, for $4k or more off, please tell me where. I'm OK with flying or driving a rental to get it. The best I can do is $3k plus military.
I waited 3 months for an ordered car but it came 2 days ago damaged. On the hunt again. Thanks for an help.

 

[horned-toad]

There are many experts here. If anyone can top purchasing 68 new cars, please jump in. I have lost more money than I can count trading or selling with in a year or two. If someone can find a GT, white or silver, manual, PP, Act. Exh, for $4k or more off, please tell me where. I'm OK with flying or driving a rental to get it. The best I can do is $3k plus military.
I waited 3 months for an ordered car but it came 2 days ago damaged. On the hunt again. Thanks for an help.

you asked your dealer to do a regional/coastal search?

 

[Rapid_RedGT]

Out of curiosity I shipped my car around at CarMax, Dodge dealer and Chevrolet dealer. Pretty much $42k to $44k. I’m shocked this car has lost this much value

Yeah, the car is still too new, so they have nothing to compare it with right now. Also, when you drive off, you drop in value right away. I'm glad only paid 42k for my GT Base, my MSRP was 47k. Nice discount to start, which is key. After this year has gone, you will start to see the value of the 24 Mustang...they have to be on the road for a bit. I've never owned a Mustang, and this is my first one. But what I've learned before even buying, is they do not hold value unless it's a Shelby, GT350, etc. Those hold up pretty well.

When I bought my 2023 C8 Corvette, I paid 68k cash. It held great value, because I turned around 6 months later and sold it for 70k. Mustang DH I the one I'm curious about, because it's way overpriced for a Mustang. I wonder if it will hold value in the long run. GT, GT Premium, EcoBoost...those drop and never come back from what I'm seen. If you are selling it already, get ready to take a hit...or just keep until next year.

 

[Karguy]

The DH wont holds its value like the Mach 1 did not held its value…Why should they after all they are 5.0 GTs with additional oil coolers you need if you do track days and of course they have the Tremec that is better than the chinese Getrag…Besides that there is nothing special about these cars to make them hold their value…But I still have them over a GT350 because the Coyote sounds better and makes more power below 4000 rpm and is more reliable than the 5.2 flat plane crank Vodoo…

 

[Zig]

Not even a year yet and already long term projections.

 

[Zengineer]

The DH wont holds its value like the Mach 1 did not held its value…Why should they after all they are 5.0 GTs with additional oil coolers you need if you do track days and of course they have the Tremec that is better than the chinese Getrag…Besides that there is nothing special about these cars to make them hold their value…But I still have them over a GT350 because the Coyote sounds better and makes more power below 4000 rpm and is more reliable than the 5.2 flat plane crank Vodoo…

In 2026 there will a Cobra, GT350, GT500, Mach 1, or Shelby version that will be much more of a measurable step up from the GT than the Dark Horse. That is certainly not going to help Dark Horse values.

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