Ford offer

[Triggerhappy007]

I did not forget. I’m comparing selling price to trade-in value.
The amount of the tax credit, if any, has varied too much to consider it as a factor, in my opinion. (Both vehicles had a $7,500 credit for at least some of 2023.)

I'm talking about right now. You can get a new 24 Model Y LR for $38k after tax credit. Your picture shows the price of a used one for almost the same price so there's hardly any depreciation. So right now the MME depreciates a lot more than the TMY.

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[GatorGrowl]

Alright, I see where you are coming from.
The thing is, if I had purchased the Model Y
in 2023, it was the same price I paid for my Mach-E. The total difference between specifically what I paid/would have paid in 2023 and the estimated trade-in value today is what I am looking at.

If a 2024 Model Y costs the same as a 2023, I would expect that the used value has gone down as well. Since those Tesla price cuts are so new, the price estimator likely hasn’t caught up. It takes time to gather deal data and process it.

I could also compare the drop 2021 models experienced. A Model Y LR sold for $51,190 and the MME 4X sold for $51,400. The estimated trade-in values are $29,855 and $28,260. In that case, the Tesla depreciated less.

We can pick nits all day. I was just looking at one specific example: mine.

 

[J5hort]

Got a 2021 Select and am on the 4 year Ford Option. Due to state rebate (MOR-EV) I need to keep for at least 3 years. My anniversary for the car is September 2024. I will either exercise Ford Option (48th pmt is 18K) or sell privately. My break even (if you will ) is 26K at the 3 year mark. All things relative as new prices have subsided with used prices. With loads of Mach-e's on lots, I should be able to find a replacement, not sure how resale will go and I will actively be test driving all EV's I can in spring/summer. Hate to say it by $7500 tax credit will likely be a deal breaker, unless comparable price with other EV's.

 

[dimes4slim]

My Options contract is up next month, but I'll probably just buy it out. I'm not going to be able to find a better car for $24k.

Can I ask your mileage?

 

[generaltso]

Can I ask your mileage?

13,600

 

[MrPeanut]

The depreciation isn’t that bad, IMHO. This is what I got for mine, which I paid $49,900 for:

What source did you use for this pricing?

 

[GatorGrowl]

What source did you use for this pricing?

Consumer Reports https://www.consumerreports.org/cars/car-value-estimator/

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