2022 New GTPE on Showroom Floor - Too good to be true? Thread complete. Thanks!

[engnrng]

Getting my recalls all taken care of on my 2021 CaRT1, saw a loaded 2022 GTPE at the dealer with a discount sticker on the windshield. I have been thinking about the magenride suspension and other nice features of the GT and my Ford financing is coming to a close soon on my 2021, with a big residual ($16k or so). Any reasons to skip this potential upgrade (seriously, the 2022 only has 200 miles on it...)? What questions should I ponder?

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[AKgrampy]

Getting my recalls all taken care of on my 2021 CaRT1, saw a loaded 2022 GTPE at the dealer with a discount sticker on the windshield. I have been thinking about the magenride suspension and other nice features of the GT and my Ford financing is coming to a close soon on my 2021, with a big residual ($16k or so). Any reasons to skip this potential upgrade (seriously, the 2022 only has 200 miles on it...)? What questions should I ponder?

How discounted compared to a 23 model? Other than that there has not been that much change really. I would certainly make sure software was up to date when purchased. I would also like to see at this point where the 24’s are going to come in price wise.

 

[engnrng]

How discounted compared to a 23 model? Other than that there has not been that much change really. I would certainly make sure software was up to date when purchased. I would also like to see at this point where the 24’s are going to come in price wise.

Thanks for your thoughts, @AKgrampy. They are discounting this last 2022 in their inventory about 25% under MSRP. The 2023 units are being discounted by Ford about 4% ($3000). I cannot take the $7500 tax credit on either year, nor on the 2024. The 2024 may have a new, longer range battery chemistry. That is good, because I would be going from 300+ miles on my CaRT1 to 260 miles on the GTPE. Since I am near retirement and not contemplating using this for long trips, the range drop does not concern me.

 

[AKgrampy]

Thanks for your thoughts, @AKgrampy. They are discounting this last 2022 in their inventory about 25% under MSRP. The 2023 units are being discounted by Ford about 4% ($3000). I cannot take the $7500 tax credit on either year, nor on the 2024. The 2024 may have a new, longer range battery chemistry. That is good, because I would be going from 300+ miles on my CaRT1 to 260 miles on the GTPE. Since I am near retirement and not contemplating using this for long trips, the range drop does not concern me.

Not sure you really lose anything battery wise as the GT models have the same batteries for all the years (however certainly less than your CaRT1). I do like my GT and so does my wife. Also being retired the range likewise does not effect us as it is our around town car.

 

[Progress]

I also got the GTPE because I wanted the Magna Ride suspension. However, I received a 2023 RWD Premium as a loaner car for the week it took the shop to do the recall and other work, and the suspension is not the biggest difference between the models. To me, the biggest difference is the noticeably faster acceleration, and therefore more dynamic and fun ride. One trades range for excitement!

 

[Mach1E]

Thanks for your thoughts, @AKgrampy. They are discounting this last 2022 in their inventory about 25% under MSRP. The 2023 units are being discounted by Ford about 4% ($3000). I cannot take the $7500 tax credit on either year, nor on the 2024. The 2024 may have a new, longer range battery chemistry. That is good, because I would be going from 300+ miles on my CaRT1 to 260 miles on the GTPE. Since I am near retirement and not contemplating using this for long trips, the range drop does not concern me.

MSRP has changed a lot, so a discount off MSRP can be misleading. What’s the actual asking price?

Keep in mind the car is 2 years old. It’s basically worth the same as a used 2022 low mileage.

Also keep in mind the 2024 GT is coming very soon, the price dropped, has mag ride standard, and will come with more power.

Of course it’s worth considering, but you also can get $9k off a 2023 on a lease.

Decisions decisions.

 

[engnrng]

MSRP has changed a lot, so a discount off MSRP can be misleading. What’s the actual asking price?

Keep in mind the car is 2 years old. It’s basically worth the same as a used 2022 low mileage.

Also keep in mind the 2024 GT is coming very soon, the price dropped, has mag ride standard, and will come with more power.

Of course it’s worth considering, but you also can get $9k off a 2023 on a lease.

Decisions decisions.

Good comments, @Mach1E. The savings off the 2022 MSRP started at $20,000 this morning. Then they offered a trade in value of $0 net on my 2021 that I appear to be about $4k upside down based on my estimates. This happens because of the Ford Options with low payments that result in a $16k residual after 4 years of payments. I have a remaining balance nearly $27k right now, hence the $0 offer with payoff, and I will need a new set of tires soon. So, I get out of $677 per month that still leaves $16k at the end and also no new tires, in exchange for $845 per month for a GTPE with more comfort and power and 25,000 fewer miles than my RT1. Bottom line, purchase price on the GTPE is about the same as what i paid for my CaRT1 3 years ago. MSRP on this car is $72,500 on sticker, so I am getting a GTPE for $52,500. I understand the car has aged while sitting still, so on paper this is probably only a fair price, not the bargain of the decade.

 

[HuntingPudel]

Don't forget that the 2024 GT (pretty much what the GT-PE is currently, having Magneride and the larger front Brembos) was announced to have an MSRP of about $61K, plus the "Performance Pack" (whatever that is) at $995. Ford has not announced whether the glass roof and Co-pilot 360/Active 2.0 will still be standard on the GT, but I would assume so (I would prefer that the glass roof is not were I in the market for a new one) since they're standard on the current GT and GT-PE. That's still a price drop from my 2021 GT-PE of about $4K. ?‍?

 

[RickMachE]

Thanks for your thoughts, @AKgrampy. They are discounting this last 2022 in their inventory about 25% under MSRP. The 2023 units are being discounted by Ford about 4% ($3000). I cannot take the $7500 tax credit on either year, nor on the 2024. The 2024 may have a new, longer range battery chemistry. That is good, because I would be going from 300+ miles on my CaRT1 to 260 miles on the GTPE. Since I am near retirement and not contemplating using this for long trips, the range drop does not concern me.

The Mach-E no longer qualifies for the federal tax credit, regardless of model year.

No ERs have new battery chemistry.

 

[generaltso]

Good comments, @Mach1E. The savings off the 2022 MSRP started at $20,000 this morning. Then they offered a trade in value of $0 net on my 2021 that I appear to be about $4k upside down based on my estimates. This happens because of the Ford Options with low payments that result in a $16k residual after 4 years of payments. I have a remaining balance nearly $27k right now, hence the $0 offer with payoff, and I will need a new set of tires soon. So, I get out of $677 per month that still leaves $16k at the end and also no new tires, in exchange for $845 per month for a GTPE with more comfort and power and 25,000 fewer miles than my RT1. Bottom line, purchase price on the GTPE is about the same as what i paid for my CaRT1 3 years ago. MSRP on this car is $72,500 on sticker, so I am getting a GTPE for $52,500. I understand the car has aged while sitting still, so on paper this is probably only a fair price, not the bargain of the decade.

You should re-read your options contract. There’s no such thing as negative equity since you can just sign it over to Ford Credit at the end if it’s worth less than the balloon.

 

[Mach1E]

Good comments, @Mach1E. The savings off the 2022 MSRP started at $20,000 this morning. Then they offered a trade in value of $0 net on my 2021 that I appear to be about $4k upside down based on my estimates. This happens because of the Ford Options with low payments that result in a $16k residual after 4 years of payments. I have a remaining balance nearly $27k right now, hence the $0 offer with payoff, and I will need a new set of tires soon. So, I get out of $677 per month that still leaves $16k at the end and also no new tires, in exchange for $845 per month for a GTPE with more comfort and power and 25,000 fewer miles than my RT1. Bottom line, purchase price on the GTPE is about the same as what i paid for my CaRT1 3 years ago. MSRP on this car is $72,500 on sticker, so I am getting a GTPE for $52,500. I understand the car has aged while sitting still, so on paper this is probably only a fair price, not the bargain of the decade.

This is what I was afraid of.

Ignore the $72,500 MSRP. That’s a totally bogus number as of 2024.

The 2024 GT is $60k and comes with mag ride and more horsepower. So it’s basically a GTPE now.

I wouldn’t buy a 2022 for $52k.

Low mile 2022 GTPE near you for for about $10,000 less than that.
https://www.cargurus.com/Cars/inven...2990&zip=90210#listing=376444483/NONE/DEFAULT

There is a reason that car hasn’t sold in 2 years. It is overpriced!

 

[engnrng]

You should re-read your options contract. There’s no such thing as negative equity since you can just sign it over to Ford Credit at the end if it’s worth less than the balloon.

Yes, you are correct about the option to walk away at the end of the contract a year from now. In this instance I can walk away now, and purchase a GTPE at a reduced price. That is a good way to think of this! I can walk away a year early at no cost. I should be looking at this as 2 separate transactions and decide if buying an upgraded car that is 2 years old with 200 miles on it is worth it at a discount of $20,000. @generaltso, this is exactly why I love this Forum: so many smart, clear thinkers like you! Thanks!

 

[AKgrampy]

Yes, you are correct about the option to walk away at the end of the contract a year from now. In this instance I can walk away now, and purchase a GTPE at a reduced price. That is a good way to think of this! I can walk away a year early at no cost. I should be looking at this as 2 separate transactions and decide if buying an upgraded car that is 2 years old with 200 miles on it is worth it at a discount of $20,000. @generaltso, this is exactly why I love this Forum: so many smart, clear thinkers like you! Thanks!

One last thought - the bottom line on any deal is if you are satisfied and not the rest of us. We can give you different views but it is only your view that counts. One of the funniest things I find these days are people who purchase something then search the web and find better pricing, etc and end up with buyers remorse. I think you are doing the right thing seeking advice but remember it is only advice.

 

[Eagertrader]

Regarding range, on my straight GT I have gotten as much as 308 miles in the Sumer, driving Whisper and 1 pedal. Typically I get between 290 and 300 miles, on level 1 charging.

 

[Rocket Man]

: so many smart, clear thinkers like you! Thanks!

"in exchange for $845 per month for a GTPE"

Wow, $845?
Kinda contradictory info don't you think?

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