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

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Sil3nt611

· #2 · May 23, 2014

That's more than MSRP for that car new with the options it has...throw in the Recaro package and it's still a couple hundred too much. Only reason I'd buy a used car with 6K miles over a new car with 6 miles is for money savings. And if considerable money savings are not there I'd rather buy new... It's worth what someone is willing to pay for it, and if someone pays that much for a used ST with those options, they overpaid for a new car and got a used one instead.

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