If you have a Mach E and feel screwed by the price slash, call Ford, or don't. LOL

[SpaceEVDriver]

I bought the car I wanted to buy, at the price that I thought was fair enough to pay, though it was higher than I would have preferred. I never purchase any vehicle with the hope or expectation that its value to someone else will do anything other than decrease from what I paid while I own the vehicle. My expectation is that the value to someone else will be around $0.00 when I'm ready to be done with the vehicle. If its value is higher than that, then I come out ahead of my expectations.

The value of the Mustang is, to me the same as it was when I bought it.
No, that's not true. Its value has increased substantially since we bought it.

But then to me "value" isn't only based on what I could sell it for, but also what I get out of the vehicle: So far, it's been 33,000 fun-filled miles exploring our fantastic, diverse world.

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[Ghost Ryder]

I've owned over 15 cars in my life, ranging from toyotas to Porsches. And so far the one that made me money was the 911. So the moral of the story is to buy more expensive Porsches. If only I could convince the wife that it makes financial sense to get a 911 gt3.

 

[Crashxx]

I've owned over 15 cars in my life, ranging from toyotas to Porsches. And so far the one that made me money was the 911. So the moral of the story is to buy more expensive Porsches. If only I could convince the wife that it makes financial sense to get a 911 gt3.

I like that idea. If you figure out how to convince her, let me know your methods.

 

[Logal727]

This isn't Sam's club

 

[Logal727]

I've owned over 15 cars in my life, ranging from toyotas to Porsches. And so far the one that made me money was the 911. So the moral of the story is to buy more expensive Porsches. If only I could convince the wife that it makes financial sense to get a 911 gt3.

Only one I've ever made money on was a 2019 Honda Odyssey that was on lease that dealer did a buyback and we pocketed $10k cash... 2021 was crazy!

 

[Crashxx]

This isn't Sam's club

Does Sam's Club sell cars?

 

[devmach-e]

We have a 2023 so not sure what your point on buying a 2023 is? I guess you and I see things differently. If I wanted depreciation like that, I would have bought a luxury vehicle. I doubt anyone buys an F-150 or any Ford for that matter and is good with the thought that in 1 year it will be worth 1/2 of its new price with just a few thousand miles on it. But each to their own. I am unaware of any other Ford that tanked like this, if there is one, please enlighten me.

Do you trade your cars in every year or two or three? Have you ever bought a house at the top of a housing bubble, and then watched your house's value tumble because the bubble burst and suddenly you were under water? (hello 2008!).

Cars are lousy investments. They're meant to be driven and used. I learned a long time ago that the key to being happy with a car is to be okay with the price you paid for the car and the features it came with. There will always be something cheaper, faster, better, etc, just around the corner that makes the thing I own not worth as much as when new. That's life. The way to get the maximum value of it is to drive it as long as possible while it's still economical to keep it running.

 

[Thunderbuck]

I don't blame anyone for being pissed at this, but it's not all on Ford, either.

Tesla's price cuts last year were a disaster. They killed a LOT of value in the EV sector for a lot of automakers. I don't think they were even good for Tesla, not in the long term. The cuts Ford put in place are just to keep enough volume flowing to keep the lights on. And they've got a bunch of dealers who had bought in to the idea of selling EVs, only to have the rug pulled out from under them.

 

[Crashxx]

Do you trade your cars in every year or two or three? Have you ever bought a house at the top of a housing bubble, and then watched your house's value tumble because the bubble burst and suddenly you were under water? (hello 2008!).

Cars are lousy investments. They're meant to be driven and used. I learned a long time ago that the key to being happy with a car is to be okay with the price you paid for the car and the features it came with. There will always be something cheaper, faster, better, etc, just around the corner that makes the thing I own not worth as much as when new. That's life. The way to get the maximum value of it is to drive it as long as possible while it's still economical to keep it running.

I do not trade cars every year or two or three. I have never bought a house at the top of a housing bubble. We own 100+ pieces of property and every one of them is worth considerably more than we paid for them dating back to 1967. Are we debating cars or real property? Apparently I've struck a nerve with several forum members. We keep most of our vehicles for 10 years +. That's not what this is about. The point is this is extraordinary depreciation. Is it Teslas fault, Fords fault, the market, a combination of all the above? I'm just saying it never hurts to ask. All they can say is no.

 

[Thunderbuck]

I saw sales for the Mach-e were down 51% in January likely due to the overall feeling of pure electric cars (they seem to be falling out of favor) and the price cuts from Tesla so not sure Ford had much of a choice but to drop pricing.

Yes, there's been a downturn in "consumer sentiment" toward EVs. Some of it was inevitable, some of it's been driven by Petrohead FUD, and some is... legit. But it's going to recover over time. People will ride in their buddy's EV, or an Uber EV, or they'll rent one (yes, Hertz IS still renting Teslas, at least in some places) and they'll realize they're not horrible at all. With every new charging station that goes up, the practicality for a potential EV purchase improves for someone.

I think we're going to go through a period of cheap used EVs and even MORE people will drink the Kool aid. It's just a rough patch.

 

[Crashxx]

Yes, there's been a downturn in "consumer sentiment" toward EVs. Some of it was inevitable, some of it's been driven by Petrohead FUD, and some is... legit. But it's going to recover over time. People will ride in their buddy's EV, or an Uber EV, or they'll rent one (yes, Hertz IS still renting Teslas, at least in some places) and they'll realize they're not horrible at all. With every new charging station that goes up, the practicality for a potential EV purchase improves for someone.

I think we're going to go through a period of cheap used EVs and even MORE people will drink the Kool aid. It's just a rough patch.

I agree, while I would NEVER recommend an EV as someone's only car, at least people who live in a rural area like us, I love ours. It would perfectly for why we have it. I hope you're right about the rough patch. I don't plan on selling it, but I do like for my possessions to maintain some value.

 

[Timelessblur]

Honestly, these drops mostly just make up for the reduction in Tax credit. from $7,500 to $3,750 to 0. and the removal of features. Is it really not that much better of a deal. It doesn't feel like it to me. We bought over the summer at way less than MSRP and now get the tax credits.

Will say that the confusion from Job 1 to Job 2 2023 over the summer and fall was a disaster for dealers... how did Ford expect consumers to understand when the dealers did not even understand. Ford had a huge press release that they were dropping MSRP in early 2023. Then dealers had to try to sell existing cars on lots at older higher MSRP. They should have changed the stickers on all the cars at that point. Instead they offered rebates and mass confusion. No wonder why sales stagnated. and then to lose $7,500 rebate in 9 months. They had to reduce MSRP just to be equal.

I believe this is the big one and one thing that always drove me crazy about people companing about the rapid depreciation on EVs. If you factor in the tax credit as the sells price then they depreciate about the same rate as a normal car. Just having to absorb the 7500 day one hurts.

The other thing that is killing the resell value of EV is the used EV tax credit with a cap at around 25k for the sell value. That puts a huge downward price push on EVs. I personally think that used EV price credit is pretty bad and should be based on a new price and gooing down from there with depreation factored in.

 

[AliRafiee]

I feel left out. I don’t know anything about this goodwill payment thingy.

 

[AKgrampy]

Please , please, please let this occur again in April of 2026 when my Option Agreement expires!

 

[SpaceEVDriver]

Please , please, please let this occur again in April of 2026 when my Option Agreement expires!

This is the one reason we might give up our '22 Mustang: if the purchase price of a new Mustang is lower than what we owe on the Options balloon in a year, then we'll give this lovely car back and get a new one.

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