Depreciation

[jtoddk98]

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?

[AJP turbo]

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

[PokerMunkee]

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.

[jtoddk98]

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]

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]

I wish those jeep diesel's would hurry up and drop... lol  I want a new toy.

[PokerMunkee]

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

[wasinger3000]

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 still don't understand why the made a "power wagon" without a diesel engine.

[pjw315]

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]

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.

Holy price drop. I'd hate to be a new mks owner.

[ZSHO]

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.

Holy price drop. I'd hate to be a new mks owner.

YUP,just take a look Dodge and especially BMW,Mercedes they loose half there price in two years from retail. Z

[sunwolf]

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.

Holy price drop. I'd hate to be a new mks owner.

YUP,just take a look Dodge and especially BMW,Mercedes they loose half there price in two years from retail. Z

Which is great when you can buy a bmw with 12k on the clock for half price and still have 4 years of warranty.

[14SHOCAR]

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...

[ZSHO]

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...

It would of been great if your friends insight updated you that there was a PP SHO available.LOL. Z

[wasinger3000]

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...

It would of been great if your friends insight updated you that there was a PP SHO available.LOL. Z

Lol