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

[Mach1E]

Any car that you buy is a depreciating asset 99% of the time. I got my 2023 GTPE in Oct 2023 for 61k and am getting the $3750 tax credit. Its a great car, long term car, so I don't give a crap what the resale value is.

Not caring about resale is as silly as not caring about purchase price.

They are both halves of the cost of ownership formula.

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[smoke20]

I have no expectations. As I said before, I simplify shared what I had learned when I called them. Apparently, from what the representative told me, several others have had the same questions so I'm not the only one. Its just a work vehicle for us so we'll run the wheels off of it and send it to the scrap yard when its done. But lesson learned, I'll keep my thoughts and experiences to myself form now on.

Hahaha....you are a good sport. You tossed a softball and it got sorta crushed out of the park. Please do not allow this to inhibit your participation; this is what makes the forum great. And I think this is one if the best I have ever been a part of. I bought my 23 GTPE in Feb 23 for sticker price of something like $71K...or $72K....I thought I was a star for finding one without ADM. Now look at me, LOL. Luckily, it is still just a paper loss because I really like it and have no interest at this time in trading it.

 

[lesz]

We are approaching our 1 year anniversary with our Mach E GTPE. Watching the price drops is making me sick. I totally understand that generally vehicles are poor investments. However, I certainly didn't expect the drastic depreciation on a Ford. Maserati, or the like, absolutely, but not Ford. I can buy a new GTPE for around 18K less than we paid for ours. And if I wanted to trade it in, with 5500 miles on it, I would probably take a 50% hit. I called Ford to see if they were doing anytihing for those of us who purchased at the higher price. While they do not have any plans of doing anything, the agent did tell me they were taking notes for the powers that be. He also said he was seeing several calls for the same reason. Maybe if enough of us call and complain something will happen. In the past year and a half we have spent around 300K on Ford vehicles. I had never owned a Ford until then. Not sure after this if I'll buy another one. I do understand prices tend to come down over time, especially on products with lots of tech, but this seems ridicules. If you want to call Ford, here is the number. (800) 392-3673

Bought my ‘22 GTPE new (built in September 2022) in August of last year. The sticker is $73,205. When I factor in the price the dealer gave me and the tax rebate (money right in my pocket), I paid $56,250. My point is, some of this may be just the deal you got on your car from your dealer.

 

[Ghost Ryder]

People get upset when things happen that cost them money.

Price cuts on new cars definitely affect used car values.

Being upset about losing money seems like a reasonable response. Not freaking out of course, but not being happy.

I’m not mad at Ford, they have to drop prices to clear out the 2023s. But I definitely haven’t enjoyed watching my resale value this last year.

A year ago, I was eyeing the Macan EV, hoping that it would come out and I could possibly trade in for one for a reasonable amount.

But I’m definitely not gonna do trade plus $70,000 to get one right now. ?

Porsche definitely waited too long to release the Macan EV. Going to be a hard sell at 100k+. There are used taycan turbo with less than 20k miles going for less than 100k. These things were stickered at 170k+, lots selling for over 200k. If I was in that market, I rather pick up a slightly used taycan turbo wagon, than a Macan EV at this point.

 

[GreaseMonkey]

Any car that you buy is a depreciating asset 99% of the time. I got my 2023 GTPE in Oct 2023 for 61k and am getting the $3750 tax credit. Its a great car, long term car, so I don't give a crap what the resale value is.

Everyone knows that a car is a depreciating asset. It’s not about the fact that it’s depreciating. It’s about how much it depreciates. And while the loss becomes real only when you sell, people like the flexibility of switching sooner without taking a bloodbath. Cause taking one will make you less likely to buy a Ford again, damaging the brand. Now, was it Ford’s fault? I think it was. In Jan 2023, the idiot marketing guy was mocking Tesla for dropping the price 20%, while he sat on his ass doing nothing. Nothing, including informing his bosses that demand is shit and they ought to consider slowing down plant output and adjusting the price. It took Ford a bit to adjust the price a little. But they never slowed the factory down enough and accumulated a shit ton of inventory. That is hurting the brand, and customers who bought, especially 2023s.

I personally paid $43.3 cash, pretax for a 2022 Premium AWD ER. I could care less what the price does in the short-term. But many others do and it hurts to see the price drop to the level of worthlessness. Even for what everyone knows to be a depreciating asset. Because it is not only a depreciating asset, it’s a practically worthless one.

 

[AKgrampy]

People keep saying this, but I don't understand how you can get a cheaper one. My Options contract is up next month and the balloon payment is $24k. How can I get a Mach-E for less than that?

You are so right. Mine has two more years. If nothing significantly better is released for 26, or some kind of issue develops, I will most likely purchase it.

 

[AlMelbourneFL]

For the record, I'm not mad at Ford. I just called to ask if they were doing anything for people who bought at the higher price and thought I'd share what I learned.

I leased a Mach E 6 days before the price change was announced. I’m not angry but I’d sure like to hear about any news of a retroactive price change for recent buyers.

 

[Deleted member 20140]

Just for fun I thought I'd reach out just to see what my MME was worth today. This is almost 5 months after purchase with 3100 miles. This represents a drop of just about $20,000.
BTW, this is AWD and ER battery.

Congrats Saul! You're on your way to selling your 2023 FORD MUSTANG MACH-E. Parks Ford Hendersonville will contact you soon to schedule your on-site appraisal. Or call (828) 761-0486

HISTORY-BASED VALUE $41,460 (Estimated Trade-In Value) Prepared for Saul Nathanson 2023 FORD MUSTANG MACH-E PREMIUM VIN 3FMTK3SU6PMA77435 3100 mi. | Excellent Condition

 

[nvabill]

Calling Ford and begging for money be like! ?

 

[naekk]

Thanks for this post.

I called my salesperson, asking her what’s next?

After a Ford conference call with regional dealers, she called me yesterday and asked me to come in, since “Ford finally updated their systems” to reflect the price reductions.

Happy to say that today, I resigned my loan changing it to 72 month, at 0% with a price reduction of $6,000. This was on top of the dealer incentives and other negotiated items when we bought the car. 2023 MME GT.

The sales manager said that they are contacting 2023 owners to discuss options. I asked, but he wouldn’t say much more than “it depends on the vehicles, terms of loan…”

 

[Vulnox]

Glad to see it if Ford does something for those that recently purchased. Not sure what the long term impact on Tesla will be, but there were some Tesla die-hards that had really unkind things to say when Tesla dropped prices and that was that shortly after they purchased.

I don't know how to feel about it overall, it's interesting the headlines involved when it's an MSRP price drop but for decades there were similar levels of changes through rebates/incentives and it didn't cause much of a stir. I got $9500 in rebates on my '23 F-150, not including A-Plan and the rest. If I had bought it a couple months earlier the rebates were only about $3500 (I only know because I ordered it in May and it arrived in July, so I was able to pick rebates). There were plenty of F-150 buyers that may have received a significant rebate bump by buying in July, and that kind of swing has been happening for most of our lives, it's just not as obvious when it's not on a sticker.

Doesn't change that if I were in a situation where I spent $71k on an MME and a week later Ford dropped the price to $63k that I wouldn't be at least a bit annoyed, but I have bought or leased vehicles before and then a month or two later rebates get far better (typically not $8k better to be fair, usually $1000 or $2000), I just look at it as part of the business. Don't buy anything you aren't able to survive just flat out losing entirely the next day.

 

[Konstantind]

Thanks for this post.

I called my salesperson, asking her what’s next?

After a Ford conference call with regional dealers, she called me yesterday and asked me to come in, since “Ford finally updated their systems” to reflect the price reductions.

Happy to say that today, I resigned my loan changing it to 72 month, at 0% with a price reduction of $6,000. This was on top of the dealer incentives and other negotiated items when we bought the car. 2023 MME GT.

The sales manager said that they are contacting 2023 owners to discuss options. I asked, but he wouldn’t say much more than “it depends on the vehicles, terms of loan…”

Would you mind to share when did you buy your car, thank you

 

[DaveP]

This is why I did the options plan financing. So glad I did!

 

[Konstantind]

This is why I did the options plan financing. So glad I did!

Could you please explain what is meant by "option plan financing"

 

[naekk]

Would you mind to share when did you buy your car, thank you

Last week. But they did confirm that there will be reach back for 2023 Mach E ’owners.

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