Residuals

[DSLiverpool]

I thought you guys would be interested in the residuals I have been quoted of £17k for 4 years and £19.5k for three years for my GT convertible custom with paint.

55% loss on 3 years - a bit high ? thoughts ?

Anyhoo Ford Finance beat Oracle, just waiting for Nat West and Lombard now and thats that.

[Roo]

Not my Mustang but I bought a new, to me, car in February.

15 months old with 13,000 miles on it. I paid, retail, 55% of its new list price. That's depreciation.

[acr_nick]

That's a fire sale

[ozzuk]

I went with santander for finance, worked out 2k cheaper than Ford at 3.9% apr.

Residuals...I fully expect to lose a lot of money, but I'll have a smile on my face all the way.

Off to pick my car up now!

[KevinCorvetteC6]

Don't forget the finance companies generally quote 'worst case' residuals, particularly or a car that is new to the market. Do not take those values as anything other than an estimate.

[DSLiverpool]

KevinCorvetteC6 said:

Don't forget the finance companies generally quote 'worst case' residuals, particularly or a car that is new to the market. Do not take those values as anything other than an estimate.

Yep understand but still with a 12 month waiting list circa I would have thought a little higher

[CaptainSensib1e]

DSLiverpool said:

Yep understand but still with a 12 month waiting list circa I would have thought a little higher

FYI, I emailed Karne last week as I'm consiering ordering for delivery next Spring, and apprently they are quoting 7 months now for delivery. The wait is coming down.

[KevinCorvetteC6]

DSLiverpool said:

KevinCorvetteC6 said:

Don't forget the finance companies generally quote 'worst case' residuals, particularly or a car that is new to the market. Do not take those values as anything other than an estimate.

Yep understand but still with a 12 month waiting list circa I would have thought a little higher

It's all to do with the fact that this is a totally new car to the UK, no data on resale value is available, therefore a very much worst case at the moment. Given a couple of years this will get reviewed.

[david_b]

CaptainSensib1e said:

DSLiverpool said:

Yep understand but still with a 12 month waiting list circa I would have thought a little higher

FYI, I emailed Karne last week as I'm consiering ordering for delivery next Spring, and apprently they are quoting 7 months now for delivery. The wait is coming down.

The price has gone up as well - they're £2K more now compared to the original price list, there's been 3 separate increases. Not sure how that will be reflected in the residuals of the early-ordered cars (if at all) though!

[DSLiverpool]

Ive paid £40,900 for mine which I think is the most you could spend at the time, indeed it's near £2k more now.
I've done a pcp over 3 years at £440 a month and was accepted despite declaring my income as only our child benefit so they seem quite flexible.
I am just negotiations the RTi now they want £399 I've offered £250, will advise outcome.

I see this as a first mustang for myself not my forever mustang it's not quite special enough and I look forward to the more exotic ones launched over the next few years.

[david_b]

DSLiverpool said:

Ive paid £40,900 for mine which I think is the most you could spend at the time, indeed it's near £2k more now.

Ah, hadn't realised the price rises weren't consistent - the fastbacks (either engine) have gone up by £2k, the convertible missed out on the third increase that came in at the start of this month so is "only" £1500 more! Either way, a handy extra buffer hopefully.

[Roo]

DSLiverpool said:

Ive paid £40,900 for mine which I think is the most you could spend at the time, indeed it's near £2k more now.
I've done a pcp over 3 years at £440 a month and was accepted despite declaring my income as only our child benefit so they seem quite flexible.
I am just negotiations the RTi now they want £399 I've offered £250, will advise outcome.

I see this as a first mustang for myself not my forever mustang it's not quite special enough and I look forward to the more exotic ones launched over the next few years.

Have a look at ALA for RTI. You can get a pistonheads discount. There's a code in the sticky in GG. They were cheaper than anyone else when I bought a GAP policy recently.

[DSLiverpool]

Roo said:

Have a look at ALA for RTI. You can get a pistonheads discount. There's a code in the sticky in GG. They were cheaper than anyone else when I bought a GAP policy recently.

Trust Ford have done a deal on RTi as I threatened to not use their finance. I feel comfier with the Ford product (I know I know).

My last brand new car was a 2010 Jag XFR and that was a heap of crap (you will never see a straight steering wheel on one) but the handover was great, lets see how a busy "wooly back" Ford Store does ;o)