Deprecation... - Ford Mustang Forum
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post #1 of 8 (permalink) Old 09-30-2019 Thread Starter
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Depreciation...

Anybody else notice the new Mustangs while their starting price is higer and higher each year all seem to depreciate a little faster and are seeming to end up all in the same place? 2011-2012 seems to have leveled out around 18-22K depending on miles and the 2015-2016's are getting close to that price now. Kinda makes buying a Mustang hard. haha I want new so I can know the car is taken care of, but can't justify losing half my up front cost in 3 or so years. haha I found 2 options I want to act on, but can't seem to pull the trigger.

I know none of us have a crystal ball, but I wonder how this next recession that is inevitable near (based on history and not politics) will fair as far as values? Hmmmmm

(If this topic needs to be moved to the hot zone due to the last part can a mod do that? I figure it isn't really a "hot" topic, but I could be wrong...)


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post #2 of 8 (permalink) Old 09-30-2019
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Well it is well known that buying a new car is about the worst fiscal decision you can make because of depreciation.

I don't concern myself with depreciation because i keep my cars 7 to 10 years and put 200,000+ miles on them so there is not much value left so i wind up giving them to a family member in need or trade them in for whatever they offer just so i don't have to deal with it anymore.

If depreciation is a real concern i would recommend not buying new. A 2 or 3 year old car will have had its largest percentage of depreciation and from that point on it will depreciate at a much slower rate.


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Last edited by kenv; 09-30-2019 at 08:57 PM.
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post #3 of 8 (permalink) Old 09-30-2019
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I agree, if your concern is depreciation then you shouldn't be looking at any new vehicles. I too have been hit by the same common sense way of thinking in the past few years, which has stopped me from buying anything. I have an twelve year old family vehicle (2007 Expedition) that we bought new that now has 60,000 miles and my daily driver 1993 Mustang LX 5.0 that I also bought new that now has just over 130,000 miles.
My wife is always telling me I need to go get something new and she is awesome about it, as far as she's concerned I just need to keep it under $75,000 but I can't get my self to do it for the big seven mile round trip run to work every day. I have said all along I will get something new when my Mustang stops running but I don't see that happening anytime soon with the way I maintain it and the low milage I put on it. I just keep dumping the money in the 401k and Roth IRA's!

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post #4 of 8 (permalink) Old 09-30-2019
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I agree with above....we typically have always kept our vehicle for 15-20+ years....and yes, we probably spend a little more on maintenance than most do...but, you can get into any of them, turn the key, they will start and drive 1000+ miles with no concerns. The new ones especially in the past few years all have such significant QA/design/production issues...no, I'm just not spending $ for something of that QA. I had to laugh the other day...as I pulled into a parking spot at the club we belong to, there was a Porsche SUV parked just ahead of me....initial view...yes, it looked nice....then as I walk around the Porsche I see a sign on it that says..." Porches QA - Rust through and paint peeling in 3 years! - and not covered by warranty"

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post #5 of 8 (permalink) Old 09-30-2019
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My `13 GT is not depreciating at all,since I have no plans to sell it. It just turned 2,049 miles

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post #6 of 8 (permalink) Old 10-01-2019
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The newer mustang's really take a hit on depression and I think its because they are overpriced and dealers no longer give discounts and incentives like they used to. Drive it off the lot and then the cars true monetary value hits home.

Look at what Ford has in the way of cars in their lineup today. A Fiesta, a Fusion and the Mustang. And who knows if the fiesta will even be sold in 2020 because only the Fusion and Mustang are listed under 2020 models so far on Fords car site. Ford knows anyone wanting to buy a Ford performance car has one choice and that choice is a Mustang. Its Fords iPhone.

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post #7 of 8 (permalink) Old 10-01-2019
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Quote:
Originally Posted by kenv View Post
My `13 GT is not depreciating at all,since I have no plans to sell it. It just turned 2,049 miles
That's exactly the type of barn-find a member mentions in their intro that they picked up dirt cheap.

Edit: Typo.
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Last edited by ONEZ ST; 10-01-2019 at 02:11 PM.
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post #8 of 8 (permalink) Old 10-09-2019 Thread Starter
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Quote:
Originally Posted by B.Cooper View Post
I agree, if your concern is depreciation then you shouldn't be looking at any new vehicles. I too have been hit by the same common sense way of thinking in the past few years, which has stopped me from buying anything. I have an twelve year old family vehicle (2007 Expedition) that we bought new that now has 60,000 miles and my daily driver 1993 Mustang LX 5.0 that I also bought new that now has just over 130,000 miles.
My wife is always telling me I need to go get something new and she is awesome about it, as far as she's concerned I just need to keep it under $75,000 but I can't get my self to do it for the big seven mile round trip run to work every day. I have said all along I will get something new when my Mustang stops running but I don't see that happening anytime soon with the way I maintain it and the low milage I put on it. I just keep dumping the money in the 401k and Roth IRA's!
Yep I too have saved a good bit of money now not owning a Mustang right now, but I keep saying what fun is having money in the bank if you aren't going to enjoy it. Right?

Quote:
Originally Posted by ONEZ ST View Post
The newer mustang's really take a hit on depression and I think its because they are overpriced and dealers no longer give discounts and incentives like they used to. Drive it off the lot and then the cars true monetary value hits home.

Look at what Ford has in the way of cars in their lineup today. A Fiesta, a Fusion and the Mustang. And who knows if the fiesta will even be sold in 2020 because only the Fusion and Mustang are listed under 2020 models so far on Fords car site. Ford knows anyone wanting to buy a Ford performance car has one choice and that choice is a Mustang. Its Fords iPhone.
I too agree that the MSRP's on these Mustangs is way out of hand and that is why I don't have a Mustang right now... Back in 2013-2014 60K got you a GT500 with over 600HP. Today 60K gets you a GT350, but the performance doesn't match and thats why 2013-2014 GT500's are same price as 2015-2017 GT350's... Same starting price, but have held value much better... Hell a MSRP of 55K for a optioned out GT is just insane and right at the MSRP for a Porsche Cayman which even the base Cayman is almost optioned like a optioned out GT... Just crazy!! Now I don't know how much off MSRP Porsche dealers will come off, but I do know on a GT most come off about 5,000-8000 off this time of year to make room for next model so that helps, but still close to 50K for a GT is crazy!!


Quote:
Originally Posted by ONEZ ST View Post
That's exactly the type of barn-find a member mentions in their intro that they picked up dirt cheap.

Edit: Typo.
If I could find a 2013-2014 manual GT premium with or without track pac, super low miles, and 1 owner for low to mid 20's I would buy it right this second no questions asked... Seen a couple pop up in past couple weeks, but they sell before I get the chance to get it... Honestly seems like there are less and less good used Mustangs out there these days...

Current Garage
(11.)2012 GT500 silver with red stripe, SVT performance package, and Recaro seats.
2018 Honda Civic Type R
Past Mustangs in order and color of text.
(1.)2000, (2.)2004, (3.)2006GT/Auto traded for (4.)2006GT/Manual, (5.)1996, (6.)2011GT, (7.)2003GT, (8.)2006GT, (9)2013 Boss 302, and (10.) 2002GT
(I have owned a few non Mustang cars over the years as well, but always try to have a Mustang with it or come quickly back to a Mustang!)
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