New Mustang depreciation
Discussion
Went and test-drove a 5.0 GT at the weekend and both MrsC and I liked it, so we're thinking of having one as a toy for a couple of years. Fully accept that that will cost us some money; the question is, how much?
We would buy outright, not finance it. Options would be:
- Order a brand new one now. 5.0 GT Manual with the custom pack comes in at a shade under £40k. That includes the (irrecoverable) £2300 first year tax charge, and will attract the usual "drive off the forecourt" depreciation. But it would be new. The again I might wait until after winter.
- Look around and find a low-mileage one-year old in the colour and spec we want. But if it's pre-April 17 then it's £500+ road tax. Not a deal-breaker, my current FFRR is in that band and my old Monaro was too, but the child in me would be gleeful at paying £140 for a car like this
- (Following the salesman's input), wait until the 2018 model is announced, at which point he suspects that Ford may discount any remaining 2017 models in stock (currently Ford dealers are not allowed to discount the car at all apparently). Whether they will, and by how much (and availability) is a gamble. He also thinks the 2018 model will definitely nudge over £40k and thus fall back into the higher tax bracket.
What I would like to do is to look at all three options from the point of view of what the car would be worth in 2 or 3 years time. I've Googled but I can't find anywhere which suggests what the depreciation would be. I don't know; 20% year one then 10% p.a. (for a new one)? Or more, or less? Current one-year olds seem to be on offer at £34k ish, which would be only 15%, which seems very low for year one.
Is there somewhere definitive which can give an estimate of those percentages? Would really help in the decision making and financial planning.
Thanks.
We would buy outright, not finance it. Options would be:
- Order a brand new one now. 5.0 GT Manual with the custom pack comes in at a shade under £40k. That includes the (irrecoverable) £2300 first year tax charge, and will attract the usual "drive off the forecourt" depreciation. But it would be new. The again I might wait until after winter.
- Look around and find a low-mileage one-year old in the colour and spec we want. But if it's pre-April 17 then it's £500+ road tax. Not a deal-breaker, my current FFRR is in that band and my old Monaro was too, but the child in me would be gleeful at paying £140 for a car like this
- (Following the salesman's input), wait until the 2018 model is announced, at which point he suspects that Ford may discount any remaining 2017 models in stock (currently Ford dealers are not allowed to discount the car at all apparently). Whether they will, and by how much (and availability) is a gamble. He also thinks the 2018 model will definitely nudge over £40k and thus fall back into the higher tax bracket.
What I would like to do is to look at all three options from the point of view of what the car would be worth in 2 or 3 years time. I've Googled but I can't find anywhere which suggests what the depreciation would be. I don't know; 20% year one then 10% p.a. (for a new one)? Or more, or less? Current one-year olds seem to be on offer at £34k ish, which would be only 15%, which seems very low for year one.
Is there somewhere definitive which can give an estimate of those percentages? Would really help in the decision making and financial planning.
Thanks.
With reference to your option 3:
I bought mine as a cancelled order a month ago and out of the entire UK list there were only a couple of new cars with the engine/gearbox/roof combo I wanted and none in my first or second choice of colours. If you intend to go this route, bear in mind you're unlikely to get exactly what you wanted.
I bought mine as a cancelled order a month ago and out of the entire UK list there were only a couple of new cars with the engine/gearbox/roof combo I wanted and none in my first or second choice of colours. If you intend to go this route, bear in mind you're unlikely to get exactly what you wanted.
I know the price has gone up a lot since I took delivery of my GT back in January 2016 at only £34k with parking sensors and Sat Nav/Shaker Pro as extras but there are people that say, on Mustang 6G, that they have got close to what they paid even after 1.5 years of ownership.
WBAC currently says £27k for mine at coming up for 2 years and 14k miles, so that's about 20% but not after a year and it's a lowball offer.
There are more Mustangs sitting around the country now, many advertised at silly money. I'd love to know if any are selling.
I keep thinking of selling mine as I need the cash but the fact that I waited a year for it (Some say all my life) and it was one of the first RHDs in the country as well as being Competition Orange (Now Discontinued), makes me think that I should hold on to it, come what may.
Plus it's a hoot to drive
WBAC currently says £27k for mine at coming up for 2 years and 14k miles, so that's about 20% but not after a year and it's a lowball offer.
There are more Mustangs sitting around the country now, many advertised at silly money. I'd love to know if any are selling.
I keep thinking of selling mine as I need the cash but the fact that I waited a year for it (Some say all my life) and it was one of the first RHDs in the country as well as being Competition Orange (Now Discontinued), makes me think that I should hold on to it, come what may.
Plus it's a hoot to drive
I bought mine in March 16, just sold last month. It cost me £35.5K and sold for £31k. I did 7.5K miles as it was a weekend car.
I make that £250 per month depreciation, which was pretty good - much better than anything else new at the price.
I suspect there may be some discounts on the run out model, I dont think the new model price is known as yet so its very difficult to know whether to hang on for what will be a better car - or take the current model.
For what its worth there are some colours that are limited run, I had a comp orange with a factory black roof, some others had guard green - I suspect longer term the limited edition colours will hold their value better.
Bennno
I make that £250 per month depreciation, which was pretty good - much better than anything else new at the price.
I suspect there may be some discounts on the run out model, I dont think the new model price is known as yet so its very difficult to know whether to hang on for what will be a better car - or take the current model.
For what its worth there are some colours that are limited run, I had a comp orange with a factory black roof, some others had guard green - I suspect longer term the limited edition colours will hold their value better.
Bennno
bennno said:
I bought mine in March 16, just sold last month. It cost me £35.5K and sold for £31k. I did 7.5K miles as it was a weekend car.
I make that £250 per month depreciation, which was pretty good - much better than anything else new at the price.
That's more than acceptable. Did you buy new or used?I make that £250 per month depreciation, which was pretty good - much better than anything else new at the price.
CAPP0 said:
That's more than acceptable. Did you buy new or used?
new. may get an 18 model at some stage, but think the mustang is a bit like the nissan gtr - price creeping upwards which makes this residuals fairly solid on the early cars. Only risk is whether Ford has any old model inventory stock to clear over the next few months....
CAPP0 said:
Went and test-drove a 5.0 GT at the weekend and both MrsC and I liked it, so we're thinking of having one as a toy for a couple of years. Fully accept that that will cost us some money; the question is, how much?
We would buy outright, not finance it. Options would be:
- Order a brand new one now. 5.0 GT Manual with the custom pack comes in at a shade under £40k. That includes the (irrecoverable) £2300 first year tax charge, and will attract the usual "drive off the forecourt" depreciation. But it would be new. The again I might wait until after winter.
- Look around and find a low-mileage one-year old in the colour and spec we want. But if it's pre-April 17 then it's £500+ road tax. Not a deal-breaker, my current FFRR is in that band and my old Monaro was too, but the child in me would be gleeful at paying £140 for a car like this
- (Following the salesman's input), wait until the 2018 model is announced, at which point he suspects that Ford may discount any remaining 2017 models in stock (currently Ford dealers are not allowed to discount the car at all apparently). Whether they will, and by how much (and availability) is a gamble. He also thinks the 2018 model will definitely nudge over £40k and thus fall back into the higher tax bracket.
What I would like to do is to look at all three options from the point of view of what the car would be worth in 2 or 3 years time. I've Googled but I can't find anywhere which suggests what the depreciation would be. I don't know; 20% year one then 10% p.a. (for a new one)? Or more, or less? Current one-year olds seem to be on offer at £34k ish, which would be only 15%, which seems very low for year one.
Is there somewhere definitive which can give an estimate of those percentages? Would really help in the decision making and financial planning.
Thanks.
Mine was £39860 3 weeks ago ex static showroom demo race red 5.0 GT road tax £140. I'm planning to keep it long term and leave it to my daughter. I'm 53 so the longer i live the less the annual depreciation will beWe would buy outright, not finance it. Options would be:
- Order a brand new one now. 5.0 GT Manual with the custom pack comes in at a shade under £40k. That includes the (irrecoverable) £2300 first year tax charge, and will attract the usual "drive off the forecourt" depreciation. But it would be new. The again I might wait until after winter.
- Look around and find a low-mileage one-year old in the colour and spec we want. But if it's pre-April 17 then it's £500+ road tax. Not a deal-breaker, my current FFRR is in that band and my old Monaro was too, but the child in me would be gleeful at paying £140 for a car like this
- (Following the salesman's input), wait until the 2018 model is announced, at which point he suspects that Ford may discount any remaining 2017 models in stock (currently Ford dealers are not allowed to discount the car at all apparently). Whether they will, and by how much (and availability) is a gamble. He also thinks the 2018 model will definitely nudge over £40k and thus fall back into the higher tax bracket.
What I would like to do is to look at all three options from the point of view of what the car would be worth in 2 or 3 years time. I've Googled but I can't find anywhere which suggests what the depreciation would be. I don't know; 20% year one then 10% p.a. (for a new one)? Or more, or less? Current one-year olds seem to be on offer at £34k ish, which would be only 15%, which seems very low for year one.
Is there somewhere definitive which can give an estimate of those percentages? Would really help in the decision making and financial planning.
Thanks.
Merc 450 said:
Mine was £39860 3 weeks ago ex static showroom demo race red 5.0 GT road tax £140. I'm planning to keep it long term and leave it to my daughter. I'm 53 so the longer i live the less the annual depreciation will be
Yep, that's pretty much what he quoted us for a manual GT with the custom pack.The price stories coming out of the US aren’t for nice reading for the 2018 with the right spec.
I’ve ordered a 2018 here in Oz and will find out price in next few months but increasingly looking like I’ll just get myself a 2017, 1 yr old, save $30k and spend some on supercharging it and some changes and still be $$$$ better off.
I’ve ordered a 2018 here in Oz and will find out price in next few months but increasingly looking like I’ll just get myself a 2017, 1 yr old, save $30k and spend some on supercharging it and some changes and still be $$$$ better off.
Pommy said:
The price stories coming out of the US aren’t for nice reading for the 2018 with the right spec.
I’ve ordered a 2018 here in Oz and will find out price in next few months but increasingly looking like I’ll just get myself a 2017, 1 yr old, save $30k and spend some on supercharging it and some changes and still be $$$$ better off.
Whilst the salesman did say that he expected the 2018 to be dearer, surely not by anything like that much - they'd be shooting themselves in the foot surely?I’ve ordered a 2018 here in Oz and will find out price in next few months but increasingly looking like I’ll just get myself a 2017, 1 yr old, save $30k and spend some on supercharging it and some changes and still be $$$$ better off.
CAPP0 said:
Pommy said:
The price stories coming out of the US aren’t for nice reading for the 2018 with the right spec.
I’ve ordered a 2018 here in Oz and will find out price in next few months but increasingly looking like I’ll just get myself a 2017, 1 yr old, save $30k and spend some on supercharging it and some changes and still be $$$$ better off.
Whilst the salesman did say that he expected the 2018 to be dearer, surely not by anything like that much - they'd be shooting themselves in the foot surely?I’ve ordered a 2018 here in Oz and will find out price in next few months but increasingly looking like I’ll just get myself a 2017, 1 yr old, save $30k and spend some on supercharging it and some changes and still be $$$$ better off.
“Ooh look the new Mustang has an lcd dash (extra) magnaride (extra) 10 Spd (extra)” and so on.
I think if it goes above $80k here in oz and what, £45k in the uk then it won’t do anywhere near as well
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