Future Mach-E buyers, please note…

[Jimmyd]

…that today, I was offered $23,000 for a car that cost me almost $51,000 cash about 5 months ago. It is a 2021 - Job 2 - Mach E GT Performance Edition - 10k miles - no deletions, super low miles, amazing condition inside out.

Plenty of threads about other quirks about the car, decent but not great MMI, slow “fast” charging speeds, HVBJB thermal issues, not great charging infrastructure, lack of skilled service centers. Not going to go into details.

And yet, we love the way the car drives. We love the power (I do not care one bit about the 5 second boost cap). We love how it looks. We love the attention from strangers coming up to us and asking questions about it.

Anyway, do what you want with this information. I wasn’t even trying to sell a car I haven’t even owned a year. It’s just an offer. But it was kind of shocking.

Cheers. Stay warm.

Couple of years ago I purchase a used Hybrid Camry for $12000 grand. I liked it so well that I wanted a new one, so went back to the dealer 7 days later and was offered $7,000 for it. They later called me and wanted a redo on the quote but I decided that I did not want to deal with that agency any longer. I had purchased several vehicles for my business with the and they lost all of that business. Dealers make their money on service and used cars. I just bought a 2023 MME a month ago. Bought the less expensive version. Would hate to see what I am offered it

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[AngryMan]

IMO Dealers will do whatever they can to get used EVs under the $25000 tax credit threshold so they can use it as a selling point to move the cars .Our resale/trade in value means nothing to them . They made their money off us already. Cue up the next sucker

 

[DevSecOps]

Was your quote from one of the dying used car resale companies like Carvana? Yeah they need to make money now. KBB is lower than I’d like, but the other guys are just laughable now.

If you take a look at the offers I got in this post you'll see that Carvana and Driveway are paying far more than dealerships right now. Even KBB says that it should sell for 33k and Driveway came in at 32K. That's really not that far off.

I think the point here is that the MME has got a terrible resale value. Not specifically directed at you, but I'm not sure why anyone is trying to argue that point. All the research and facts say that's just what it is. I just sold mine and that's what it was. It's a hard pill to swallow and I think some of these people posting are just in denial. It really doesn't matter how long anyone plans on keeping it, the thread isn't about keeping your vehicle for x years, it's about bad resale values, and that's just indisputable fact right now.

The MME has one of the worst resale values of any EV on the market right now and I agree that potential buyers should keep that in mind. All these comments about well it's post pandemic and that's just how values are right now" is just ego, denial or smoke and mirrors. Not all EVs have such a bad resale value. A new M3P is only 3k more than a used one that's 1 year old with 15k on it.

 

[ErBauer]

Depreciation for EVs are brutal. I hope you're all happy with the MME, because you're going to take a pretty big hit if you're selling within the first few years. Even with Ford's option plan, my 70K MSRP GTPE is only worth 24K residual. That's a pretty big drop. Normal cars depreciate about 50% at 4years. The GTPE would of depreciated 68% based on Ford's predictions. Yikes.

Okay, yes the resale on these is proving to be pretty grim, but you can say the same thing about people that bought a house in the last three years. The market has been crazy. Buy high/sell low has never been a great strategy. And, cars have never been an investment.

Not bragging, because I now think I could have done much better, but I got into a 21 Job 1 Premium AWD Extended with 13k miles (not a buy back) for $37,000 in July. I thought that was a very fair deal. I test drove the same setup about 7 months earlier and they were asking $57k.

So while this car will also suffer from greater than average depreciation imo (if solid state batteries hit, we are all going to suffer a bit), I think the car I am driving is amazing for the price I paid.

 

[GreaseMonkey]

Also worth noting is that the trade in offer on MME now is a low ball safe offer. The dealers just have no confidence in selling MME. If you look at used 21 GT for sale, it is still at least $40K. The dealers offer $23K trade in then sell for $40K. $17K profit. Dirty SOBs.

This??. You are going to make me do some math this weekend!

I think you’re onto something here. The dealer price for these vehicles is still pretty healthy. I look at CarMax only because they have a nationwide model and their price is nonnegotiable. They are listing a 22 premium with 13k miles for $42k. That is a very reasonable price for a 1.5 year old that retailed for $59k minus $7.5k tax credit. Vs the trade in offer for a similar vehicle for $29.5k.

 

[DevSecOps]

I think you’re onto something here. The dealer price for these vehicles is still pretty healthy. I look at CarMax only because they have a nationwide model and their price is nonnegotiable. They are listing a 22 premium with 13k miles for $42k. That is a very reasonable price for a 1.5 year old that retailed for $59k minus $7.5k tax credit. Vs the trade in offer for a similar vehicle for $29.5k.

True, but are they actually selling them? A used MachE takes, on average, 75.8 days to sell and is the 3rd worst selling vehicle (including ICE) in the US. I also believe that the people taking the hardest hit on resale values are those who purchased GTs. It seems like the GT lines with an MSRP much higher are reselling at close the the same price as non-GT variants.

 

[zvez]

Damn hippie

I was actually interestedin getting this car but the production numbers are so low and the waitingl ist so long, I gave up

 

[Ghost Ryder]

Okay, yes the resale on these is proving to be pretty grim, but you can say the same thing about people that bought a house in the last three years. The market has been crazy. Buy high/sell low has never been a great strategy. And, cars have never been an investment.

Not bragging, because I now think I could have done much better, but I got into a 21 Job 1 Premium AWD Extended with 13k miles (not a buy back) for $37,000 in July. I thought that was a very fair deal. I test drove the same setup about 7 months earlier and they were asking $57k.

So while this car will also suffer from greater than average depreciation imo (if solid state batteries hit, we are all going to suffer a bit), I think the car I am driving is amazing for the price I paid.

The difference with the house is that if you hold it long enough, historically, it will go up. Can't really say the same for an EV.

I'm not arguing whether the MME is a good car for the money or not, that's up to the individual. But just that it has depreciated more than the norm. If you're in the market for a 1 year old car, the MME is a great deal. you can get a 1 year old GTPE for <50k. If I was buying now, I wouldn't consider new even though I can afford it. A 20K-30k hit in one year is huge for most people.

 

[GreaseMonkey]

True, but are they actually selling them? A used MachE takes, on average, 75.8 days to sell and is the 3rd worst selling vehicle (including ICE) in the US. I also believe that the people taking the hardest hit on resale values are those who purchased GTs. It seems like the GT lines with an MSRP much higher are reselling at close the the same price as non-GT variants.

I don’t know the answer to that. We’d have to look at inventory levels relative to Tesla, adjusting for share. My point is that for the Mach-E specifically, you are likely to be far better off doing a private sale vs trade in and far better off waiting a few months till demand picks up again, new vehicle inventory drops, and fed tax credit on new MMEs disappears.

 

[Jack Roberts]

…that today, I was offered $23,000 for a car that cost me almost $51,000 cash about 5 months ago. It is a 2021 - Job 2 - Mach E GT Performance Edition - 10k miles - no deletions, super low miles, amazing condition inside out.

Plenty of threads about other quirks about the car, decent but not great MMI, slow “fast” charging speeds, HVBJB thermal issues, not great charging infrastructure, lack of skilled service centers. Not going to go into details.

And yet, we love the way the car drives. We love the power (I do not care one bit about the 5 second boost cap). We love how it looks. We love the attention from strangers coming up to us and asking questions about it.

Anyway, do what you want with this information. I wasn’t even trying to sell a car I haven’t even owned a year. It’s just an offer. But it was kind of shocking.

Cheers. Stay warm.

I bought my 2021 GTPE new. I bought it with the knowledge that the world is not ready to support the Mach e and I would have it for 7 to 10 years so I got a 7 yr 10000 mile extended warranty. I don’t drive it if I am going more than 100 miles one way. 90 percent of my driving is local. I don’t dc charge and only charge to 90 percent 3 times a week. I have never had a problem with it. The market for makes no difference to me. I traded a BMW X6 that had a great resale but this is a better car.

 

[TheSteelRider]

They just hate the MME! Old Tesla’s sell for more than what they cost originally! I don’t get it! I love my 2022 MME Premium! I LOVE IT! I don’t want to sell! But to have someone give you such a lowball offer Hurts! This is my first all electric car but my 5th brand new Ford and I have loved every single one of them. And I love this EV as much, if not more, than all my other Fords! I will definitely purchase another!!!!!!

it's because of the start button. Turns out, no matter how bad the quality of vehicle is, or the terrible service. If "predicts" what direction you want to go, has a unusable Knight Rider steering wheel, and no start button people will gladly pay over MSRP for a several year old ragged out EV. What a time to be alive!

 

[Trigger]

Edmunds is really good at comparing the total cost (depreciation, insurance, fees, financing, fuel, maintenance) across most manufacturers and models. They are also owned by Carmax who will owner the Edmunds generated price quote. I sold my 2019 Ford Fusion PHEV for $22k in August using that method and suspect you'd get a better price that way. https://www.edmunds.com/ford/mustang-mach-e/2022/cost-to-own/

 

[Trax]

EV Cars are a bit upside down right now. We shall see what happens in the next few years.

 

[Logal727]

If you take a look at the offers I got in this post you'll see that Carvana and Driveway are paying far more than dealerships right now. Even KBB says that it should sell for 33k and Driveway came in at 32K. That's really not that far off.

I think the point here is that the MME has got a terrible resale value. Not specifically directed at you, but I'm not sure why anyone is trying to argue that point. All the research and facts say that's just what it is. I just sold mine and that's what it was. It's a hard pill to swallow and I think some of these people posting are just in denial. It really doesn't matter how long anyone plans on keeping it, the thread isn't about keeping your vehicle for x years, it's about bad resale values, and that's just indisputable fact right now.

The MME has one of the worst resale values of any EV on the market right now and I agree that potential buyers should keep that in mind. All these comments about well it's post pandemic and that's just how values are right now" is just ego, denial or smoke and mirrors. Not all EVs have such a bad resale value. A new M3P is only 3k more than a used one that's 1 year old with 15k on it.

OP said he got offered 20k and I'll admit I haven't read. this whole thread, but didn't offer any context, your KBB value is more in line with what I've seen, though it's all different by area too.

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