This one has been on my mind for a while, but i can't seem to figure it out. How come our cars depreciate so fast? Its not a "common" car you see every day, its produced in limited numbers, most have all the bells and whistles, its fast, seats 4 comfortably, has a massive trunk, nice ride, and it stands out from the crowd. So why just 2 years after the first owner took delivery of a $45k car, I came along and bought this big slab of car (with the PP) for just $20k, just boggles my mind. Any thoughts?
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Depreciation
- Thread starter jtoddk98
- Start date
It never really matters what you pay for a car but rather what people will pay for a second hand car ...pretty hard to fork out 30k on something used that's been titled previously...a 7 series 2005 Is a nice ride but I wouldn't pay 60k for one...usually the more expensive a car the bigger hit u will take when u trade/sell
I loved the people that wanted 35k for a used sho when I was looking for mine and I was like I'll just spend a few more grand and get one new that people didn't touch and was never titled.
Id say the market makes used cars worth less ,not because they are that much more deteriorated but rather new cars come at a premium because people are willing to pay for the exclusivity of being the first one on the title
I loved the people that wanted 35k for a used sho when I was looking for mine and I was like I'll just spend a few more grand and get one new that people didn't touch and was never titled.
Id say the market makes used cars worth less ,not because they are that much more deteriorated but rather new cars come at a premium because people are willing to pay for the exclusivity of being the first one on the title
PokerMunkee
New member
Because it's a Ford and people want a brand with prestige when forking over $40K+ for a sedan. Plus the huge discounts on new ones also don't help.
I wish SUVs did the same, would love to get a 2015 Yukon Denali for under $50K.
I wish SUVs did the same, would love to get a 2015 Yukon Denali for under $50K.
But for $45k in a premium brand would get you a base 5 series with no options and vinyl seats. Just doesn't make sense to me. Guess it's all about having that badge. So much more value for money on the used market. Even CPO cars are cheap and come with the big better than new warranty.
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CL Donttry
New member
I'm not so sure about that I bought my 2010 BMW 538i Xdrive with 28K miles for only 22K only 4 years old my 2012 SHO with 29K miles for 23K. The depreciation is about the same when you consider a 2010 BMW listed for 50K and the SHO 42K.
wasinger3000
New member
I wish those jeep diesel's would hurry up and drop... lol I want a new toy. ;D
PokerMunkee
New member
Good to see new Power Wagons are $10K off.
I think I found my new toy: http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?featureCodes=1132&zip=80863&endYear=2016&modelCode1=RM2500&modelCode2=RAM25002WD&makeCode2=DODGE&showcaseOwnerId=100004682&startYear=2014&makeCode1=RAM&searchRadius=0&showcaseListingId=380637792&mmt=%5BRAM%5BRM2500%5BRM2500%257CPower%2BWagon%5ERM2500%257CPower%2BWagon%2BTradesman%5D%5D%5B%5DDODGE%5BRAM25002WD%5B%5D%5D%5B%5D%5D&listingId=398452862&dealer_id=68086305&ncal_id=11739611&Log=0
I think I found my new toy: http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?featureCodes=1132&zip=80863&endYear=2016&modelCode1=RM2500&modelCode2=RAM25002WD&makeCode2=DODGE&showcaseOwnerId=100004682&startYear=2014&makeCode1=RAM&searchRadius=0&showcaseListingId=380637792&mmt=%5BRAM%5BRM2500%5BRM2500%257CPower%2BWagon%5ERM2500%257CPower%2BWagon%2BTradesman%5D%5D%5B%5DDODGE%5BRAM25002WD%5B%5D%5D%5B%5D%5D&listingId=398452862&dealer_id=68086305&ncal_id=11739611&Log=0
wasinger3000
New member
I still don't understand why the made a "power wagon" without a diesel engine.PokerMunkee said:Good to see new Power Wagons are $10K off.
I think I found my new toy: http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?featureCodes=1132&zip=80863&endYear=2016&modelCode1=RM2500&modelCode2=RAM25002WD&makeCode2=DODGE&showcaseOwnerId=100004682&startYear=2014&makeCode1=RAM&searchRadius=0&showcaseListingId=380637792&mmt=%5BRAM%5BRM2500%5BRM2500%257CPower%2BWagon%5ERM2500%257CPower%2BWagon%2BTradesman%5D%5D%5B%5DDODGE%5BRAM25002WD%5B%5D%5D%5B%5D%5D&listingId=398452862&dealer_id=68086305&ncal_id=11739611&Log=0
jtoddk98 said:This one has been on my mind for a while, but i can't seem to figure it out. How come our cars depreciate so fast? Its not a "common" car you see every day, its produced in limited numbers, most have all the bells and whistles, its fast, seats 4 comfortably, has a massive trunk, nice ride, and it stands out from the crowd. So why just 2 years after the first owner took delivery of a $45k car, I came along and bought this big slab of car (with the PP) for just $20k, just boggles my mind. Any thoughts?
The SHO holds it value better than the MKS. I was going to buy a 2013 SHO but I couldn't touch one under 30,000 Miles for under 28K. I ended up with a 2013 MKS that stickered for $58,500 for $25k with 30,000 miles.
wasinger3000
New member
Holy price drop. I'd hate to be a new mks owner. :-[pjw315 said:jtoddk98 said:This one has been on my mind for a while, but i can't seem to figure it out. How come our cars depreciate so fast? Its not a "common" car you see every day, its produced in limited numbers, most have all the bells and whistles, its fast, seats 4 comfortably, has a massive trunk, nice ride, and it stands out from the crowd. So why just 2 years after the first owner took delivery of a $45k car, I came along and bought this big slab of car (with the PP) for just $20k, just boggles my mind. Any thoughts?
The SHO holds it value better than the MKS. I was going to buy a 2013 SHO but I couldn't touch one under 30,000 Miles for under 28K. I ended up with a 2013 MKS that stickered for $58,500 for $25k with 30,000 miles.
YUP,just take a look Dodge and especially BMW,Mercedes they loose half there price in two years from retail. Zwasinger3000 said:Holy price drop. I'd hate to be a new mks owner. :-[pjw315 said:jtoddk98 said:This one has been on my mind for a while, but i can't seem to figure it out. How come our cars depreciate so fast? Its not a "common" car you see every day, its produced in limited numbers, most have all the bells and whistles, its fast, seats 4 comfortably, has a massive trunk, nice ride, and it stands out from the crowd. So why just 2 years after the first owner took delivery of a $45k car, I came along and bought this big slab of car (with the PP) for just $20k, just boggles my mind. Any thoughts?
The SHO holds it value better than the MKS. I was going to buy a 2013 SHO but I couldn't touch one under 30,000 Miles for under 28K. I ended up with a 2013 MKS that stickered for $58,500 for $25k with 30,000 miles.
Which is great when you can buy a bmw with 12k on the clock for half price and still have 4 years of warranty.ZSHO said:YUP,just take a look Dodge and especially BMW,Mercedes they loose half there price in two years from retail. Zwasinger3000 said:Holy price drop. I'd hate to be a new mks owner. :-[pjw315 said:jtoddk98 said:This one has been on my mind for a while, but i can't seem to figure it out. How come our cars depreciate so fast? Its not a "common" car you see every day, its produced in limited numbers, most have all the bells and whistles, its fast, seats 4 comfortably, has a massive trunk, nice ride, and it stands out from the crowd. So why just 2 years after the first owner took delivery of a $45k car, I came along and bought this big slab of car (with the PP) for just $20k, just boggles my mind. Any thoughts?
The SHO holds it value better than the MKS. I was going to buy a 2013 SHO but I couldn't touch one under 30,000 Miles for under 28K. I ended up with a 2013 MKS that stickered for $58,500 for $25k with 30,000 miles.
Back to the question at hand by the OP.
I have several friends in the the car industry which gave me insight in to this car. The Taurus SHOs really don't move quickly on lots if at all. The Lincoln MKS is at a price point right now with dealer incentives where you can get a model year newer (2015) for the same price as a used 2014. This means that the price of the car drops as its perceived as a lower value. Most dealerships get rid of the SHOs under their cost to free up the capital for other purchases. In my case, I bought mine under cost but they got me on the trade in. I got my 2014 in March with 25k on it for about $21,500...
I have several friends in the the car industry which gave me insight in to this car. The Taurus SHOs really don't move quickly on lots if at all. The Lincoln MKS is at a price point right now with dealer incentives where you can get a model year newer (2015) for the same price as a used 2014. This means that the price of the car drops as its perceived as a lower value. Most dealerships get rid of the SHOs under their cost to free up the capital for other purchases. In my case, I bought mine under cost but they got me on the trade in. I got my 2014 in March with 25k on it for about $21,500...
It would of been great if your friends insight updated you that there was a PP SHO available.LOL. Z14SHOCAR said:Back to the question at hand by the OP.
I have several friends in the the car industry which gave me insight in to this car. The Taurus SHOs really don't move quickly on lots if at all. The Lincoln MKS is at a price point right now with dealer incentives where you can get a model year newer (2015) for the same price as a used 2014. This means that the price of the car drops as its perceived as a lower value. Most dealerships get rid of the SHOs under their cost to free up the capital for other purchases. In my case, I bought mine under cost but they got me on the trade in. I got my 2014 in March with 25k on it for about $21,500...
wasinger3000
New member
:-[ZSHO said:It would of been great if your friends insight updated you that there was a PP SHO available.LOL. Z14SHOCAR said:Back to the question at hand by the OP.
I have several friends in the the car industry which gave me insight in to this car. The Taurus SHOs really don't move quickly on lots if at all. The Lincoln MKS is at a price point right now with dealer incentives where you can get a model year newer (2015) for the same price as a used 2014. This means that the price of the car drops as its perceived as a lower value. Most dealerships get rid of the SHOs under their cost to free up the capital for other purchases. In my case, I bought mine under cost but they got me on the trade in. I got my 2014 in March with 25k on it for about $21,500...
Lol
ZSHO said:It would of been great if your friends insight updated you that there was a PP SHO available.LOL. Z
OUUUUUCH. Honestly he has so many used cars on his lot -- and he moves like 40 cars a month and has been doing this for 50 years-- he doesn't know every feature of every vehicle.
He just knows what cars move quickly (Impala', Camry's, Compact SUVs, F150s, Cameros, Etc)....
When I asked him about the SHO, there weren't any going through the Chicago auction. They just don't move. That is both a good -- and a bad thing for us. That means there is no market for the car... which lowers your value. HOWEVER, on the flip end, it has a higher chance of being more collectible.
Domestic cars always depreciate at least 30% in first couple years. In fact, you lose about 10% driving it off the lot.
Remember the old acronym for Ford back in the 70's? A well earned one at that. A lot to overcome. While I believe all of the domestic cars are so much more reliable, just as and more so than many of the imports, that stigma and perception by masses is a hard thing. Then when Ford had it right at least through public perception, they killed the Taurus name. I remember reading of various fallouts by people who wanted the Taurus to remain. A lot of them didn't realize the Five hundred was its replacement. Those that did, didn't like it. Five hundred got another name change and became Taurus of today.
But the cars resale value means very little if you are not selling your car. Unless thats your plan, I say who cares. If you like your car, then love it! The monetary value doesn't compare with sentimental value. Remember Mercury Cougars? A luxury Mustang. With all the get up, go fast goodies but not very popular. But a very capable ride for its time. As is the SHO of today.
FYI,
I bought my 2011 at end of 2013 for $17k. Just about 60% off what it retailed for couple years sooner, and with new 2014 models on the floor for $45k.
http://www.autotrader.com/research/article/car-shopping/238915/a-look-back-at-the-ford-taurus.jsp
http://www.mobilemag.com/2006/10/20/ford-officially-kills-taurus-after-21-years-of-service/
http://www.automotive.com/ford/five-hundred/t3-13-3/#__federated=1
http://www.musclecarclub.com/musclecars/mercury-cougar/mercury-cougar-history.shtml
Remember the old acronym for Ford back in the 70's? A well earned one at that. A lot to overcome. While I believe all of the domestic cars are so much more reliable, just as and more so than many of the imports, that stigma and perception by masses is a hard thing. Then when Ford had it right at least through public perception, they killed the Taurus name. I remember reading of various fallouts by people who wanted the Taurus to remain. A lot of them didn't realize the Five hundred was its replacement. Those that did, didn't like it. Five hundred got another name change and became Taurus of today.
But the cars resale value means very little if you are not selling your car. Unless thats your plan, I say who cares. If you like your car, then love it! The monetary value doesn't compare with sentimental value. Remember Mercury Cougars? A luxury Mustang. With all the get up, go fast goodies but not very popular. But a very capable ride for its time. As is the SHO of today.
FYI,
I bought my 2011 at end of 2013 for $17k. Just about 60% off what it retailed for couple years sooner, and with new 2014 models on the floor for $45k.
http://www.autotrader.com/research/article/car-shopping/238915/a-look-back-at-the-ford-taurus.jsp
http://www.mobilemag.com/2006/10/20/ford-officially-kills-taurus-after-21-years-of-service/
http://www.automotive.com/ford/five-hundred/t3-13-3/#__federated=1
http://www.musclecarclub.com/musclecars/mercury-cougar/mercury-cougar-history.shtml
I don't plan on ever selling my car. I'll be the last owner lol. I've had too many good memories in it, it's sentimental value is worth more then it's cash value to me. I'll drive it till it dies, and when and if it does die, I'll keep it till I can afford to restore it. One day, the SHO will be a classic
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IHeartGroceries
New member
Low desirability and massive manufacturer incentives.
Luckily for many of us, there were still enough buyers to take the initial bite, and there're plenty on the market to be snatched up at a great value. There will always be those willing to pay the premium to be the first to fart in the seat.
Luckily for many of us, there were still enough buyers to take the initial bite, and there're plenty on the market to be snatched up at a great value. There will always be those willing to pay the premium to be the first to fart in the seat.
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