Mach-E resale value

[mkhuffman]

This is such a stupid topic. Cars depreciate. If you don't like depreciation, don't buy a new car. Like I did. LOL.

In the year of COVID, when there were shortages of everything, I freaking had to have my MME GT. I got a "great" deal with Ford Options and a discount for being a Mustang club member. I paid $62k.

Now I am considering a Rivian. What will they give me for a trade in, less than 3 years later? LOL.

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[silverelan]

It’s only expensive if you don’t drive it.

 

[Mach1E]

This is one of the rare times I actually like that someone bumped a very old thread.

It’s interesting to read the predictions from 2020. Seems like most were spot on (50% drop in 3 years expected).

Only during the unprecedented used car market of 2021-2022 did opinions change (when people here would yell at anyone who didn’t try to sell their used car back to the dealer for over MSRP).

 

[dbsb3233]

This is one of the rare times I actually like that someone bumped a very old thread.

It’s interesting to read the predictions from 2020. Seems like most were spot on (50% drop in 3 years expected).

Only during the unprecedented used car market of 2021-2022 did opinions change (when people here would yell at anyone who didn’t try to sell their used car back to the dealer for over MSRP).

And people had a tendency not to subtract the tax credits when calculating the depreciation.

The MSRP on my First Edition was $59k. But like everyone else, other federal taxpayers subsidized $7500 of that. (And in my market, state taxpayers subsidized another $2500 of that.) That means I paid $49k, as nearly everyone in my market would have too. THAT's the baseline to measure against, not MSRP.

If mine is worth $28k now, that's 43% depreciation (from $49k), not 53% depreciation (from $59k).

 

[Blue highway]

And people had a tendency not to subtract the tax credits when calculating the depreciation.

The MSRP on my First Edition was $59k. But like everyone else, other federal taxpayers subsidized $7500 of that. (And in my market, state taxpayers subsidized another $2500 of that.) That means I paid $49k, as nearly everyone in my market would have too. THAT's the baseline to measure against, not MSRP.

If mine is worth $28k now, that's 43% depreciation (from $49k), not 53% depreciation (from $59k).

+1 on this. Seeing the articles on depreciation that are completely unaware of this reinforces my dim view of "journalists"

 

[Teslaeata]

Resale value only matters as/when you sell when the perceived loss crystallises.

After 3-4 yrs and with over 130,000 miles the cars I give away or otherwise dispose of aren’t worthmuch to me, they’ve generally paid for themselves so I’m really lucky there.

Gave my Outlander away to one son & family, other son’s got his eye on Stangy when I’m done with that ?

 

[Mach1E]

+1 on this. Seeing the articles on depreciation that are completely unaware of this reinforces my dim view of "journalists"

Always been this way- use MSRP to calculate depreciation.

US manufacturers historically look worse because they don’t take into account the thousands more in rebates and incentives that imports don’t have.

Should take into account “real world” pricing. That info is readily available from multiple sources.

But it doesn’t make for a good headline.

On the flip side of the Mach E though, don’t forget that some paid ADM and others didn’t qualify for tax credits based on their income. So they would be much worse than average on resale.

 

[Teslaeata]

Mine’s worth £13,000 now at 39mths @ 94,5000 miles.

If son don don’t want it I’ll probably keep & run it as a project, see how long it lasts with a usable range.

 

[Snakebitten]

Me too. (passing vehicles to next owner)
Family and close friends usually end up with my high mileage vehicles. And even the ones I trade in often go to them via an in/out transaction with the dealership for a $500 fee.

I think it comes from a reputation for having taken good care of the vehicle, as well as my passion for the vehicles I acquire. It can be infectious.

 

[RonOinAZ]

The way I look at it, buying this car was like buying a stock because it pays great dividends. It doesn't really matter what happens to the price of the stock as long as I don't sell it and it continues paying the dividend I was expecting when I bought it. This car pays a dividend every time I pull it out of the garage. Plus, there's a bonus; it makes me happy.

 

[dbsb3233]

The way I look at it, buying this car was like buying a stock because it pays great dividends. It doesn't really matter what happens to the price of the stock as long as I don't sell it and it continues paying the dividend I was expecting when I bought it. This car pays a dividend every time I pull it out of the garage. Plus, there's a bonus; it makes me happy.

Yep. Anyone looking at a car as an investment is looking at it wrong anyway. Cars like this aren't gonna be collector's items that appreciate. It's an appliance. As you alluded to, the value is in the usefulness it provides to the owner along the way.

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