Whoa, just a minute there! I am 72 and just got a 2023 MME GT and I am loving it and not frustrated one bit! Sure I had to read 20 blog articles and watch 50 or so YouTube videos to figure out the car, but hey, I did it
We got a "ton" of updates since the MME launched in 2021. But has there really been that much improvement compared to bugs that were introduced? There was a slight UI change where we can use the volume know to adjust temp. But other than that, I can't think of anything else. We got a couple of games that no one plays or care about. I guess the improved charging curve was an improvement. But over all, the OTAs has been pretty underwhelming.
Cargurus is offering 45k? I may have to take that offer.
You may have hit the nail on the head. The current tax law puts, probably unjust, downward pressure on used BEV prices. I know someone who owns a used-BEV only dealership. He told me he won't buy anything at auction he can't sell for $50K or less on the lot and still make money on. All of his Bolts are priced under $25,000.00 (even if just) on purpose.
The biggest issue here is the insurance companies will total your car if you get a minor accident due to value being so diminished.
They should, it’s one of the most disappointing things about the EV tax credit reform that passed a year or so ago. Businesses had all restrictions on the tax credit removed and had none of the new ones applied at the start of this year. So no origin requirements, no 200,000 sales cap, no income requirement, nothing. The new law allows someone making $1 million a year to buy a $150,000 Model S Plaid and get a $7,500 tax credit if they do it under a business name.
I don’t know what the figures are for the last year or two, but for many years California was the EV car market and for a long time afterward, still had a very disproportionate share of EV sales.
I got 25k for a 21 mme SELECT std range 3 days ago I paid 30k for 5 months ago. One data point does not make an indication of trends... and maybe make some more friends in sales, your numbers will improve.A for sarcasm.
I am not intending to sell the car. I was simply checking what’s up with resale values. Hope I am allowed to do that
However, I think, your 5 month ownership buy sell remark is questionable. The car isn’t 5 month old. I could have owned this car for 2 years and posted this. If I did, I’d have gotten 23k for a 70k car. No?
Don’t get me wrong, I know what you’re getting at. But a 51k certified used car losing 50% value so quickly is an indication of worse trends to come for resale values in general for Mach E. That was my point behind the post to show facts and let people derive their own conclusions.
So you purchased a used 21 Select for 30k and 5 months later sold it for 25k... You think that's a good deal? That's like a 1k/mo car payment on a used Select (a 30k vehicle loan is about $500/m)... There's not much good about that. Used to used is never going to depreciate like a new vehicle will. No one is disputing that a new car will heavily depreciate the moment you drive it off the lot.
Compared to what the OP got for a GTPE and that there is no demand here where I am and the dealers are liquidating to pull out of selling Ford EVs? Yup. There is no real argument, other than the point that you are either going to find a really good deal if you love the MME from liquidation or you are going to lose out your pocket for buying one in a year +5.
That’s a pretty fair price for a used Select in today’s market.
