Trade in Value

[voxel]

We tend to keep our cars a long time, and I have no reason to think I will sell my MME for at least 8 years.

I highly doubt many of these first gen EVs will last 8 years without a major repair.

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[Randy]

Hey Randy:

Unfortunately the greyhound in the picture, Tor, passed away last year because of Gastric dilatation-volvulus known as bloat. We now have a galgo also known as a Spanish Greyhound. A sighthound but not a greyhound. A hunting dog used in Spain by a certain class of hunters for running down rabbits and hares. Badly treated. Set out on the streets or killed after one or two hunting seasons. https://galgosdelsol.org/what-is-a-galgo/.

As to why we traded in the Mustang, there were a variety of reasons. I found it overly complicated; feared an imminent breakdown; coming from an Explorer, I found it too small and sitting too low to the ground; range anxiety; too long between OTAs; and a lack of trust in Ford.

My wife said that the Lexus is the last car I’m going to get. At my age, she’s probably right.

Well a small world we live in, we too have a couple of galgos and one of them (Nizo) is from Galgos Del Sol and the other (Taba) from 112 Carlota Galgos. Also, sadly we just lost our black Greyhound (Amy) last month, at 12 years she had a good long life.

 

[redranger04g]

I highly doubt many of these first gen EVs will last 8 years without a major repair.

There’s way less to repair on EVs than other cars. Other than the battery what else would be a major repair? I wouldn’t have bought this car if I didn’t think it could go 8 years and 100,000 miles.

 

[woody]

New vehicles traditionally have lost ~20% of their value as they are driven off the lot.
The large resale value of the MME in '21/'22 was a fluke. Probably not to be seen again. Just as getting $3,000+ more than the blue book value of your used car during the same time period. Good for the guys who were able to take advantage of this "fluke".
Welcome to reality now.
Ford is mightily struggling: mismanagement (decades long), poor quality, HVBJB, dealership model, etc. Ford has no interest in improvement. Just plug along, to big to let fail philosophy.
Remember, you as a consumer is of no concern to Ford (just read this forum).
We are now stuck with our MMEs. Ford is quite aware of this.
We have to try and make the best of our mistake for the next 5 - 10 years.
As one poster said " never made this big of a purchasing mistake before. "

 

[Nklem]

If we

I sold both my Select AWD for close to or more than I paid for them last year - The market tanked. Both are still sitting in inventory at Vroom for $5-8K less than they paid me for them. The first one has been in their inventory since Dec 2021 and the second since Sept 2022. Use models are not selling, even at dealerships (because they owe too much on them too).

The suckers who paid ADM are so upside down you'd rather an accident that totals it (+ gap insurance) to not be drowning

If we could only have that market again. Whoever bought my Premium ER AWD in July 2022 lost over $12k selling it in January of this year And paid me a mint for it. But it’s across the board. Hyundai, Tesla, Kia- EVs, Lightning, Mini’s etc. just back to the way it was prepandemic, expect to lose 20% off the lot. Who would have ever thought they would have appreciated in value Above MSRP after a year of driving . It’s something to tell our grand kids….I remember when…..

 

[RickMachE]

well right now like it or not EVs aren't doing so well. I really think this big innovation that was gonna take over everything just kind of fizzled. where i live hardly anyone has an EV and i live in a county of 300k people. I trade cars a lot and the dealers around me wont even take evs right now in trade especially teslas. if they do take them its at a very low offer cause they dont really want them. used evs are sitting on lot 90 plus days and that is something no dealer wants. I think all the negative press didnt help and all the lies spread of places like facebook. even after people ride in my car and I let them drive it they say they still would never buy one.

The online places offers are low now becasue they bough so many cars over priced to boost their stock and now its bite them in the back side and they have evs sitting that they are trying to get new prices out of. plus most people now dont want a used ev and if they do they want it cheap so then that means dealers offers are low because they have to sell it cheaper. no one wants a used car that cost dang near the price of a new one. i would expect if you buy a car now for 60k and then try to sell it you are going to get offers of about 45. the customer is gonna want to save most likely 10k off the price of a new car for a used one and the dealer is gonna want to make at least 5 k.

The health of the EV market is not determined by Buncombe County, NC. EV sales are significant in other states. Your state is rapidly growing in EV adoption.

See how poorly your county ranks here: https://www.ncdot.gov/initiatives-p...imate-change/Pages/zev-registration-data.aspx

 

[Mach1E]

There’s way less to repair on EVs than other cars. Other than the battery what else would be a major repair? I wouldn’t have bought this car if I didn’t think it could go 8 years and 100,000 miles.

There is less maintenance (no oil changes).

But I don’t think there is “less to repair.” We have pretty much the same amount of components (things that can break) as an ICE vehicle.

And there’s a reason why most ICE come with huge powertrain warranties- powertrain doesn’t usually break during the warranty period.

I spend a lot of time on the car forums for every car I’ve owned. And I don’t even remember reading a single case of an engine or transmission replacement under powertrain warranty for my last few cars.

 

[Triggerhappy007]

I spend a lot of time on the car forums for every car I’ve owned. And I don’t even remember reading a single case of an engine or transmission replacement under powertrain warranty for my last few cars.

I guess you've never had a Chrysler/Fiat/Stellantis group vehicle before. ?

 

[RickMachE]

I guess you've never had a Chrysler/Fiat/Stellantis group vehicle before. ?

Funny you mention that.

We had a 1981 Chevrolet Malibu. Last GM product I ever owned.

We bought 3 Chrysler minivans over the years. Last was so bad I won't buy those products again.

Owned a Jeep when AMC owned them, then Chrysler bought them. So no Jeeps.

Had one Mazda, never again.

 

[redranger04g]

OTD price is irrelevant, need to remove taxes to keep an even comparison. So if MSRP was $68k (less 10.4% taxes) you are worried the car will drop below $30k within 3 years? That's actually a fair argument and I see your point. After rebates and tax incentives our Mach E (Premium, SR, RWD)was right around $36k with our balloon payment of $19k, so our situation I'm less concerned the value will drop below $19k. If I can start getting used MMEs for $15k I won't be selling mine I'll be buying a second for my daily driver. Interesting comparison though since we got one of the lowest priced MME and you got one of the highest. Thanks for the insight on that, it does change the thought process for sure.

 

[kennethjk]

I guess you've never had a Chrysler/Fiat/Stellantis group vehicle before. ?

Or Range Rover

 

[azerik]

Just think about when all these coolant hoses need to be replaced and Forscan is required in order to burp the coolant. Dealers have plenty of ‘little shiit to keep them employed even if they can’t push updates. But this isn’t ‘major things by any means

 

[Maquis]

There is less maintenance (no oil changes).

But I don’t think there is “less to repair.” We have pretty much the same amount of components (things that can break) as an ICE vehicle.

And there’s a reason why most ICE come with huge powertrain warranties- powertrain doesn’t usually break during the warranty period.

I spend a lot of time on the car forums for every car I’ve owned. And I don’t even remember reading a single case of an engine or transmission replacement under powertrain warranty for my last few cars.

Maybe not under warranty, but all 5 Fords with automatics that I’ve owned since model year 1988 have needed a transmission right around the 100K mark. I’m confident my EVs will not incur that level of expense in that time.

 

[Mach1E]

Maybe not under warranty, but all 5 Fords with automatics that I’ve owned since model year 1988 have needed a transmission right around the 100K mark. I’m confident my EVs will not incur that level of expense in that time.

We shall see I guess.

But your experience? Definitely not normal. What are you doing to your Fords?!?

Probably the only things we could compare would be 100k+ mile Teslas to 100k+ mile ICEs. Would be interesting to see the long term repair costs out of warranty.

But either way, I still think we have just about as many components that “can break.”

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