Unreal depreciation

[Farmer Fran]

I‘m not sure why it should “kill” anybody what another person does or does not do with a car he bought and paid for himself.

Because I see something beautiful going to waste that someone else could have enjoyed.

Sponsored

 

[HWill]

Because I see something beautiful going to waste that someone else could have enjoyed.

There is nothing stopping anyone from owning a 24 Mustang that has the means.

And you don't have to drive the vehicle everyday to enjoy it.

I have modded my car a lot and rarely drive it as I have other vehicles.

 

[Farmer Fran]

Ok, I yield... I am out.

 

[The Ghost]

The more expensive the car the more noticeable the depreciation. Plus, it doesn't seem like many people are in a hurry to trade up their S550s for S650s. I live in a huge urban area and still don't see very many of them on the roads over a year later. Dealers, however, tend to have quite a few collecting dust. I love the S650's design, but I don't think Ford was radical enough in its exterior redesign. Unless you're a car person, you probably just assume it's any other Mustang.

 

[roadpilot]

I‘m not sure why it should “kill” anybody what another person does or does not do with a car he bought and paid for himself.

Because people are entitled to thier own opinion.

 

[young at heart]

Because people are entitled to thier own opinion.

Sure they are.

But having an opinion is completely different from expressing it openly, especially in a manner that is clearly intended to belittle the choices of people who see things differently from you.

 

[RLE55]

Not everybody who owns a mustang uses it as a DD. Wife had a 2006 GT Vert, it was her DD. We sold it in 2016, only had 52K mi. and had been on a few long trips trips. I had a 2007 Roush mustang, sold it 2023, it had under 40K mi., not a DD and was predominately turned into a track car in 2009. Our 2024 mustang was brought home Sept 2023. Its our fun, seasonal novelty car, put it up for winter again with only 1500 mi. We have a 2015 F150 as our DD and it has under 40K mi.

 

[BuckeyeJake]

That's why I just brought a base 300A car. Mustang depreciate like a rock. Paying over 45K for a GT is kind of ridiculous. I still don't see how a Darkhorse is worth another 30K. I got my car for 36k and I will probably still lose money when I sell it.

With the right deal, the Mustang is still the best bang for buck sports car today.

 

[Adamrx11]

That's why I just brought a base 300A car. Mustang depreciate like a rock. Paying over 45K for a GT is kind of ridiculous. I still don't see how a Darkhorse is worth another 30K. I got my car for 36k and I will probably still lose money when I sell it.

With the right deal, the Mustang is still the best bang for buck sports car today.

I will do the same next. The extra $20k in options has no resale value. This was supposed to be a forever car until I got hit, not at fault. Now there are so many rattles everywhere it's driving me crazy, and my Magnaride doesn't drive well at all anymore. It was a phenomenal ride until it wasn't. I can't even get an even trade on a base GT premium with how much it's already depreciated. $68k to $42k in only 6 months is criminal.

 

[rijndael]

At least the depreciation on a GT is less than an EV ... those are even more painful.

Eithe way, the car market is in severe turmoil. A handful major brands may not be around in 12 months. Time on lot numbers are super high, floorplan financing rates higher and consumer rates aren't great. And, and people have less disposable income.

I got my GT with $4K off MSRP, the flip side of that coin is a hit on near term trade in .... and it's not a Toyota or Honda. And, it takes premium gas in a time when disposable income is down.

 

[Alan Applegate]

Since the beginning of powered vehicles, all of them depreciate, at least most of the time. A Bugatti Royal and a few dozen other exotic vehicles from the past are exceptions. And, as I said before, low volume vehicles are occasionally exceptions. In the end, we ALL know the story of depreciation, so just get over it!

 

[Mr Hyde]

The reality is that cars are not investments. Generally, they never go up in value lol. Nor do they deposit money into your bank account or increase your net worth! They are liabilities in every sense of the word. I buy these new cars being fully OK knowing Im going to eat the depreciation... I look at it as an entertainment/fun expense. Just my 2 cents.

Nailed it

 

[LoneRanger57]

Large depreciation in the 1st couple of years is not just a Mustang issue, almost every new vehicle sold in America in the last 70yrs has had similar percentages of depreciation in the first 24 months.

I have to assume that this is your first new car

 

[Crew4991]

These mustangs don't hold value just like any other mass produced vehicle. Ford jacked up the price of the cars during the pandemic shortage and people paid MSRP or even well over sticker. Finally things have normalized and some are paying less than MSRP.

Is it possible that the car didn't really depreciate but instead the first owner paid Ford way too much for the car when it was new? Sure. One could also argue that the MSRP was just inflated to begin with and new car purchasers did in fact lose a ton of perceived value due to depreciation. It is basically the same thing.

OP I am really sorry to hear about your loss on your fully optioned convertible.
It is never a good thing to be underwater in a car, nor is it to lose 20%+ value in less than a year... but prior to Covid/2020, these things happened all the time.
I wonder how the Dark Horse will hold up... I also wonder how that electric mustang SUV is holding up as well... yikes on that one! CLUE: it isn't holding up at all.

My advice, just enjoy the car regardless of the used value it sits at. It is a fantastic car. If you can't afford it, then you may need to take the loss on it and pay for the depreciation. Oh, and one final note - maybe make sure you get the job BEFORE you sign up to buy a new car.

 

[Jdio]

1st carvana always has best "buy" offers. Look at corvettes! people paid 10-20k "market adjustment fee"? and now you can buy a 24 with 10k miles for low 60's!! dont worry the 25s wont be heavily discounted. and probably low production numbers with lack of work force! nobodys spending in this inflated economy so habits have tightened. thanks to current biden/obama/clinton administartion.....

once america sorta gets back on track i think car market will change, and go to a pre order selction of limited in stock "progam vehicles" at off-site storage locations or wait for custom order like tesla. either way hi-optioned mustangs and other domestic sports cars will bring premium money in near future.

Sponsored