With Heavy Heart, We Sell to CarMax - 2015 Ford Mustang GT Long-Term Road Test
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With Heavy Heart, We Sell to CarMax - 2015 Ford Mustang GT Long-Term Road Test
Breaking up is hard to do, especially when you're saying goodbye to a souped-up 2015 Ford Mustang GT.
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Not surprised the mods didn't add value - they rarely do unless you find the exact right person, but lots of guys that will mod their cars don't want to buy somebody else's modded car. Wonder how you guys would have done putting it back to stock and selling the parts separately.
Makes a strong case for buying used if you have some confidence that the first owner didn't pound the ^## out of it.
Modifications are a strange lot. Some can in fact bring in a couple extra trade-in dollars - like a high quality tow hitch, tasteful wheel/tire upgrades, etc. Others can hurt a car's trade value - think cut springs, Fast and Furious spoilers, obnoxious exhaust systems. One thing for certain, though. You never get the amount you put into a mod back.
It doesn't hurt to hope though!~
Second, is there any used sports car that DOESN'T depreciate horribly? Everyone assumes a sports car is going to be joined, so it drives the price down in the used market.
Mods rarely add value - occasionally they can help you sell a car faster. Even a "nice" towing rig would give me pause - what were they towing and how overweight were they?
Every since the economy fallout, used car values have skyrocketed. The whole "depreciates 25% off the lot" is no longer even close to true for reliable, in demand cars. Now, of course that 50% depreciation from the i3 would make it a pretty good deal if you're willing to roll the dice on a BMW pure electric.
We also have True Cost to Own for playing with depreciation numbers.
I've (helped) purchase one truck here and sold two cars in the last couple of years using craigslist. And yeah, even the easy deals are still a bit of a hassle compared to simply selling to a dealer.
whoever traded the 3 yr old pilot with 38k miles did not get the retail price for trade-in. subtract another $3-4k or so off the retail price and that might give you an idea as to what they got for trade-in. so, your 10% number is incorrect.
having said that, i generally agree that it makes more sense to buy a new toyota or honda vs one that is only 1 or 2 years old.
while generally i agree with you, you have to remember they bought one of the first new '15 mustangs. back at the intro of S197 mustang i heard many stories of people buying new '05 mustangs over sticker... vs my new '06 at $250 over invoice and 0% for 72 months.
And PLEASE if you get an EB, skip the Recaros. We now have 3 different data points on these seats (Focus/Fiesta/Mustang) and will certainly have a 4th when you eventually add a Focus RS to the LT fleet. It would be nice to know how comfortable the standard seats are.