Depreciation
11/11/04, 09:16 AM
#2
Shelby GT500 Member
Go to Kelly Blue Book (www.kbb.com) and see what a 2003 Mustang is worth in 2004. Then go to Ford Direct (www.forddirect.com) and see what a similarly equipped 2004 is worth. Find the % difference and there's a ballpark figure to look forward to.
11/11/04, 12:33 PM
#4
Shelby GT500 Member
Fords = bad resale value in almost every catagory. It's not even worth thinking about. Perhaps this one will surprise us, but I'm not going to count on it.
My 5 year old Escape XLT was $26,000 new and is worth about $10,000 today. Talk about depriciation!
My 5 year old Escape XLT was $26,000 new and is worth about $10,000 today. Talk about depriciation!
11/11/04, 02:47 PM
#5
Tasca Super Boss 429 Member
Originally posted by 97svtgoin05gt@November 11, 2004, 1:36 PM
Fords = bad resale value in almost every catagory. It's not even worth thinking about. Perhaps this one will surprise us, but I'm not going to count on it.
My 5 year old Escape XLT was $26,000 new and is worth about $10,000 today. Talk about depriciation!
Fords = bad resale value in almost every catagory. It's not even worth thinking about. Perhaps this one will surprise us, but I'm not going to count on it.
My 5 year old Escape XLT was $26,000 new and is worth about $10,000 today. Talk about depriciation!
How do you have a 5 yr old Escape? The first model year was 2001.
11/11/04, 02:49 PM
#6
Tasca Super Boss 429 Member
Originally posted by AnotherMustangMan@November 11, 2004, 9:45 AM
Well i dont quite have my funds in order to buy now, but what do you think an 05 (GT, black, red interior w/IUP) will cost in about 4 years?
Well i dont quite have my funds in order to buy now, but what do you think an 05 (GT, black, red interior w/IUP) will cost in about 4 years?
11/11/04, 04:04 PM
#7
Shelby GT500 Member
Originally posted by holderca1+November 11, 2004, 3:50 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (holderca1 @ November 11, 2004, 3:50 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-97svtgoin05gt@November 11, 2004, 1:36 PM
Fords = bad resale value in almost every catagory. It's not even worth thinking about. Perhaps this one will surprise us, but I'm not going to count on it.
My 5 year old Escape XLT was $26,000 new and is worth about $10,000 today. Talk about depriciation!
Fords = bad resale value in almost every catagory. It's not even worth thinking about. Perhaps this one will surprise us, but I'm not going to count on it.
My 5 year old Escape XLT was $26,000 new and is worth about $10,000 today. Talk about depriciation!
How do you have a 5 yr old Escape? The first model year was 2001. [/b][/quote]
Typo, bought in Sept of '01.
11/11/04, 05:00 PM
#8
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Originally posted by holderca1+November 11, 2004, 3:50 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (holderca1 @ November 11, 2004, 3:50 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-97svtgoin05gt@November 11, 2004, 1:36 PM
Fords = bad resale value in almost every catagory. It's not even worth thinking about. Perhaps this one will surprise us, but I'm not going to count on it.
My 5 year old Escape XLT was $26,000 new and is worth about $10,000 today. Talk about depriciation!
Fords = bad resale value in almost every catagory. It's not even worth thinking about. Perhaps this one will surprise us, but I'm not going to count on it.
My 5 year old Escape XLT was $26,000 new and is worth about $10,000 today. Talk about depriciation!
How do you have a 5 yr old Escape? The first model year was 2001. [/b][/quote]
They do REAL good. One of the reasons I got my 04 F150 4x4 for $140 a month on a 2 year lease--great residual value!
I bet these stangs will have a pretty good resale value (for a mustang).
11/11/04, 05:16 PM
#9
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Originally posted by holderca1@November 11, 2004, 3:52 PM
Typically the average car will lose half its value in the first 4 years.
Typically the average car will lose half its value in the first 4 years.
11/11/04, 06:47 PM
#11
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Unfortunately a new Mustang is not nec. a good fiscal move, as Fords typically don't have great resale value. However, if demand for the restyled model remains reasonably strong and Ford does not have to resort to huge incentives on new ones then resale might not be too bad. But at this point it is really too early to tell.
11/11/04, 07:58 PM
#12
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Originally posted by Maindrian Pace+November 11, 2004, 7:19 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Maindrian Pace @ November 11, 2004, 7:19 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-holderca1@November 11, 2004, 3:52 PM
Typically the average car will lose half its value in the first 4 years.
Typically the average car will lose half its value in the first 4 years.
I would guess its an 03? anyway one never could trade in a one or two year old vehicle with out loosing an arm and leg over the deal. That is why people turned to leasing. Then leasing financers turned into pigs. So now I just keep them till the lost slows down. Plus the reason not to over pay for any vehicle. Unless your money comes fast and easy.
11/12/04, 12:18 AM
#14
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Simple...dont ever sell it! Think how you feel when you see nice 64-65 stang.Now imagine yourself in your classic 05 mustang in 2045.While everyone around you will be driving chinese electric bubble cars,you will be driving your beautiful stang still.
11/12/04, 08:54 AM
#16
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Originally posted by tom_vilsack@November 12, 2004, 1:21 AM
Simple...dont ever sell it! Think how you feel when you see nice 64-65 stang.Now imagine yourself in your classic 05 mustang in 2045.While everyone around you will be driving chinese electric bubble cars,you will be driving your beautiful stang still.
Simple...dont ever sell it! Think how you feel when you see nice 64-65 stang.Now imagine yourself in your classic 05 mustang in 2045.While everyone around you will be driving chinese electric bubble cars,you will be driving your beautiful stang still.
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