Debunking the myth of new car depreciation

5051 Views 13 Replies 9 Participants Last post by Redlinez, Jun 21, 2014

Parker

Discussion Starter · May 23, 2014

I'm sure you ALL heard the "don't buy a new car! It loses so much value after you drive it off the lot" crap. I heard it from everyone. But then today I got a very interesting call

I bought a black ST without any options for 21k about a month ago. A guy from a local dealer (I traveled all the way to vegas to get mine, was well worth the trip) called me today saying they have a used orange ST at a tent sale. It has painted wheels and a moonroof. and SIX thousand miles. They are asking $25,401 for it!!! I almost died. A tent sale.... 6k miles... and that's almost how much you'd end up spending on a brand new one. What a freaking joke.

Made me feel a heck of a lot better about my purchase. I can probably turn this thing around for a profit right now! But I would never do that

I love my baby too much. Anyways thought you'd all enjoy that. Have a good weekend!

here is the car listing for those interested - http://www.lhmauto.com/used/Ford/2014-Ford-Fiesta-dab796580a0a00022782392cdfb87e85.htm#packages

If you want the sales guy (who honestly is a douchebag, but he said I get $100 if I sell it) his number is 801-687-5770 and his name is Doug

Save

1 - 1 of 14 Posts

silvertoy

· #11 · Jun 20, 2014

Redlinez said:
The best way to buy a new car is with the fewest options you can get. The real depreciation is what they add on for the options. It's a joke. Just another reason I'm glad I have a 0 option oxford white FiST. I'm in the business and have had over 50 cars, and I'm 42. I've done it a few times.

This is certainly the best way if you only keep them for a short while and you do not lease. After a few years, all of those options are not worth anything in reasale, but if you're not happy without them, then you'll be more likely to sell it, vicious cycle

The difference between the Fiesta ST I leased with every option except recaros and a stripped out ST was like 7 dollars. The recaros would have been another 15$ a month, but after having them on my Focus ST I decided they were too uncomfortable for me.

Save

1 - 1 of 14 Posts

This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.

Top Contributors this Month