Did our values just drop?
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154 Posts
Yeah, imagine a V6 convertible. The drop mine took was just stupid. It's the time of year. It'll jump $2000 back north in March.
My brother recently sold his 2008 Porsche Cayman S, which he bought brand new and sold with 17,000 miles. His car would swing $5,000 in value north and south based on spring and fall.
My brother recently sold his 2008 Porsche Cayman S, which he bought brand new and sold with 17,000 miles. His car would swing $5,000 in value north and south based on spring and fall.
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154 Posts
Doesn't help that incentives have really increased as they try to push the remaining 2014s off of dealer lots.
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1,243 Posts
At this point it is considered a year older, so a hit there, and when a new body design comes out for the new model year, the old body style takes an additional hit on top of being a year older.
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1,243 Posts
You got a double hit, a year older AND a new body style coming out this model year.
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226 Posts
It's funny though, this may be the only financial hit that I couldn't care less about, a rare thing.
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653 Posts
I have a feeling the 2015's are going to be a big sales flop. I had a 2015 Limited Edition ordered, then I saw a 2015, and was so disappointed I cancelled my order
So hope that will help the value of our cars
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364 Posts
I really like my car.......but I have NO DELUSIONS about what I bought.
IT's a Mustang........ you buy 'em because they are fun to drive.
As a value it's pretty good.
As an investment it's the WORST!
Focus on the right thing here you'll enjoy owning........focus on the wrong thing and you'll feel the fool.
Even as cars go in general a Mustang is pretty bad in the depreciation dept.
It's a catch 22........the same thing that makes it fun to own ensures so many are built that when you sell you're always up against more than just a few similar cars for sale.
Honestly? I'm surprised the car can generate anything much on re-sale. The GT is the kind of car owners drive HARD and it has enough power to break things. I wouldn't even consider a used Mustang no longer under warranty.
This is a car where you have to be able to afford the price of the car without worrying about depreciation over those first few years.......or you need to commit yourself to the idea of owning it long enough to feel you got ALL of your money's worth out of it!
IT's a Mustang........ you buy 'em because they are fun to drive.
As a value it's pretty good.
As an investment it's the WORST!
Focus on the right thing here you'll enjoy owning........focus on the wrong thing and you'll feel the fool.
Even as cars go in general a Mustang is pretty bad in the depreciation dept.
It's a catch 22........the same thing that makes it fun to own ensures so many are built that when you sell you're always up against more than just a few similar cars for sale.
Honestly? I'm surprised the car can generate anything much on re-sale. The GT is the kind of car owners drive HARD and it has enough power to break things. I wouldn't even consider a used Mustang no longer under warranty.
This is a car where you have to be able to afford the price of the car without worrying about depreciation over those first few years.......or you need to commit yourself to the idea of owning it long enough to feel you got ALL of your money's worth out of it!
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364 Posts
That's a bad bet. The new car is probably gonna sell really well.
I was reading and saying the same thing about the radical design change in a 2014 Corvette.......yet the '13s fell off a cliff in sales after the new car was introduced. The 2014 despite having a controversial look that had abandoned so many Corvette styling themes is actually just so much better a performer that it's now far more desirable despite the appearance controversy.
Like you I don't care for the look of a 2015 Mustang either........leaked pictures actually inspired me to go get a '14 in October of last year.
But I wouldn't count on our opinion being the popular one. The IRS plus what will probably be more HP is all but sure to win over the crowd......this despite the subjective opinion you and I might have that the '05-'14 models are better looking.
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Not to mention there will always be a segment that wants "The Next Big/Latest Thing". No matter what.
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4,556 Posts
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13,273 Posts
Yeah, we had one member here who stated that he only lost $1500 trading his GT after 6 months. Not sure anyone believed him. Even GT500`s lose more than that. Any car is a lousy investment unless you have a crystal ball. When I was a lot younger, we used to point & laugh at guys driving by in their Plymouth Superbirds, Dodge Daytonas and the like.
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2,387 Posts
Ken,Us old farts aren"t laughing now, had a 1966 GT 350,sure wish I had that today,along with my 428 CJ Mach 1 and my 69 Vette and my Charger 440 and a few others but we had fun LOL.
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4 Posts
Not only does the 2015 looks disappoint me, kind of turning Japanese in a way, but that there are no real performance gains, even some losses when you consider the V6, made me glad to pull the trigger on my 14 convertible. Live rear axel and all, I think it's the best mustang yet and I'll take a lot less of a hit on a $25,000 mustang than I have on my $62,000 Mercedes!
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559 Posts
Plus another one here!!
after reading this I suppose you are right. I don't feel quite as dumb anymore. I'll Just enjoy it for what it is and be happy that I had enough down to cover the ultra fast depreciation im experiencing.
hopefully after I pay it off I can still get a few thousand for the car, although at this rate, when the car is 5 years old it might be worth 5 grand smh
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