Has Ford Simply got it Wrong?

[PG2]

Originally Posted by 2011G6E

The general public is far better informed about depreciation than they once were.
People know that instead of shelling out big bucks for a brand new car, they should hunt around for one that's a year or two old with a good service history...something that's current enough to be the current model shape and spec, but on which the first owner has taken the whack of depreciation.

When we were hunting for a four wheel drive early this year to trade the G6E on, we looked at new ones, but were staggered by some of the prices. So we started looking second hand, and eventually found a mid-2011 Triton GLX-R dual cab with canopy, tray liner, tow bar, bullbar, and in a nice metallic dark grey. Amazingly it only had 18,000km on the clock too. It was priced at $36,990...the original owner had paid about $52,000 for it a year and half earlier. We got the balance of the five year warrantee, so in effect, we have a "new" car.
Plenty of other four wheel drives were the same...a year or maybe two old, and up to half the price a new one would cost.

Seeing as how we were only offered a maximum of $19,000 for our well-equipped G6E that had leather guts and sat nav and premium stereo, and we paid $50,000 for it two years earlier, you can see how the sums work out.

Why buy brand new? Let the first sucker take the depreciation...and it's not like new cars these days are in any way "worn out" after only a year or two use. Check the log book, make sure you get the balance of the warrantee, and away you go.

I agree with this - I did it myself with a Falcon purchase several months ago. Saved myself $10,000 and still have 20 months new car warranty.

So this scenario of buying a used car instead of buying a new car is not just Ford specific? It is across the whole market with all brands? That would mean that all brands have this problem but are still increasing their market share.