S650 Losing value Quickly

[tagorgia]

I was going to order a 2025 GT Premium Coupe with auto, PP, Califronia Package, active exhaust. Pricing with destination with these options:

2024 MSRP - $59,085

2025 MSRP - $60,660

When I looked at the 2024 trade-in value on KBB using the exact configuation with 6000 miles, it came up with this:

I get A/Z pricing but that still puts me in the high $50's out the door. That' a loss in value over $15k in one year. Is that right? I had a 22 Mach 1 that I sold after 1 year for $54K. Yes, I know they were somewhat limited production, but they had less HP than the 2025 I want to order.

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[Q6543]

Your Mach sold was still during the market inversion
Things are just normalizing… apparently people got amnesia from 2020

you sign papers on a brand new car… throw 10K away off the lot
Go buy a Bugatti…. Throw 1 million away off the lot.
Brand new car flex tax. Been this way since Fred flintstone. Minus 2020/21 supply chain disruption

Do you want the new hotness or something more stale.

the only 2 cars likely to hold great value will be the GTD and the ZR1, less for the ZR1 if you can actually order them though.

 

[asc709]

Unfortunately, that’s what the market’s driving right now. Unless I’m trading in early, I try not to think about it. My 2023 1LE lost a lot of value year one but I traded it in for the S650 anyways. Bad financial decision, yes. Ultimately, the best financial decision is a used car you pay cash for and driving it until the wheels fall of. But how much fun is that?

 

[tagorgia]

Your Mach sold was still during the market inversion
Things are just normalizing… apparently people got amnesia from 2020

you sign papers on a brand new car… throw 10K away off the lot
Go buy a Bugatti…. Throw 1 million away off the lot.
Brand new car flex tax. Been this way since Fred flintstone. Minus 2020/21 supply chain disruption

Do you want the new hotness or something more stale.

the only 2 cars likely to hold great value will be the GTD and the ZR1, less for the ZR1 if you can actually order them though.

I know that the first year is the biggest drop in value, but I was shocked that a V8 Mustang would drop that much in one year. I usually buy a new car every two years anyway, when the depeciation starts to equalize somewhat. I have a friend that just traded a 2017 Ecoboost (no performance pckg) with 60,000 miles for $12K. He traded it in 2 weeks ago to a Ford dealer.

 

[MegaMan]

All new cars lose value lol regardless of make or model. The only exceptions are highly desirable multi-6 figures+ exotics, those generally (but not always) go up in value over time.

Cars are not “investments” as the people like to suggest. They are liabilities in every sense of the word. The same can be true in real estate…

If you’re buying “new” anything the value goes down and you have to be ok with that. These are “fun” purchases to me, Im ok losing some money but having a hell of a lot of fun along the way. This equation is all very relative to one’s individual financial situation as well.

If the car puts a smile on your face every time you drive it, consider the depreciation as entertainment value.

 

[Aegean]

Do not forget that the GTs are selling $7,500 off MSRP brand new as in the example below. Then add other discounts military or college. So the KBB resale value drop after a year is not actually so dramatic.

https://www.koonssterlingford.com/new-Sterling-2024-Ford-Mustang-GT+Premium-1FA6P8CF9R5415053

 

[PBBLASTER]

I sold my Dad's 2024 Honda CRV hybrid with 5K miles to a friend for trade in which was $30k. He paid $37K for it.

 

[RLE55]

2024 is also an election year and till that is behind us, everything regarding market value and resale on many goods and products is unstable.

 

[24RapidRed]

At 73 years young, it makes no difference to me. I'll never get rid of mine.

 

[UniqueDoug]

My '24 EB base that I paid $32,000 for (MSRP 36K) isn't doing too bad at all.

 

[Dragster]

My '24 EB base that I paid $32,000 for (MSRP 36K) isn't doing too bad at all.

That’s still a $6,000 to $9,000 drop in one year going by MSRP, but you did a good job minimizing that by getting a good deal.

 

[MCS]

I'm shocked that you are shocked.

Any time I have even remotely thought about trading in a car to a dealership I give my head a shake after checking out their appraisal.

I had a supercharged FULLY LOADED 2021 GT Premium with 24000km on it. It had all the trimmings. The dealership hoed and hummed and eventually offered my 40k for it. And they were "doing me a favour and bringing it up from $39k because the market for this type of car is so small blah blah blah".

I sold it 1.5 or 2 months later for much MUCH more than what they offered. The key here is to do the work yourself and sell it privately.

Dealerships are going to lowball you and then turn around and put that car on the lot for $10k more than what they paid you. Maybe more. Making money on both ends of the deal.

Any time you think a dealership is working with you to make a sale happen you better wake up and realize they are working with you, but on both ends LOL Doing the work myself allowed me to spend the delta on all the toys I wanted to upgrade this with including a pressure washer and a bunch of other fun stuff.

 

[DARK HP]

don't forget about the mustang club x plan to help bring that total down every little bit helps.

 

[robvas]

don't forget about the mustang club x plan to help bring that total down every little bit helps.

x plan isn't dick, find someone to "sponsor" you with a-z plan

 

[tagorgia]

x plan isn't dick, find someone to "sponsor" you with a-z plan

A/Z Plan is for active Ford employees/retirees and their eligble relatives only.

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