Generally speaking, I have always been against buying a new car for the simple reason that the novelty of having something brand-new is quickly tarnished by the realization that the value is rapidly depreciating. Knowing the 1st owners take the biggest hit.
And without either a trade-in, large down payment, or a short payment plan, you could easily find yourself "underwater".
Sobering to say the least....
However, with the realization that I have to sell my Bronco this year (too much maintenance due to rusted underbody), I needed a truck that was as good - if not better. This is how I was smitten by the Raptor.
I was 95% sold on buying one this June/July after lining up all my ducks in a row for the optimal scenario, however, I happened to run across another forum for another used vehicle (2008) that is a great value.
Without specifically naming the vehicle and potentially created more market competition. Think of something along the lines of a $80K+ luxury truck for the price that I am planning on buying a SCREW Raptor- $40K - $45K.
Thats a wakeup call! :158:
Sure the Raptor is "special" and I am sold on the concept and Baja look, however, that doesn't mean that there weren't other special trucks a few years ago that go under the radar. Meaning, special in other ways - say handling and performance while still maintaining decent towing ratings. Handling and performance is something that I am more likely to frequently appreciate as a daily driver.
I tried to do some research to figure out the 3 year anticipated depreciation and since this is a new truck, there is no good history to go off of.
The best I could do as a benchmark is a 2008 Ford F-150 Harley Davidson SCREW.
MSRP: $36,500
Current Value : $25,000 -$27,000
Thats a 30% loss of value in 3 years! Ouch!!
This doesn't take into consideration how many are made or the SVT moniker (not sure it really matters).
So what do you think the anticipated loss is in 3 years? Do you think it is worth it?
And without either a trade-in, large down payment, or a short payment plan, you could easily find yourself "underwater".
Sobering to say the least....
However, with the realization that I have to sell my Bronco this year (too much maintenance due to rusted underbody), I needed a truck that was as good - if not better. This is how I was smitten by the Raptor.
I was 95% sold on buying one this June/July after lining up all my ducks in a row for the optimal scenario, however, I happened to run across another forum for another used vehicle (2008) that is a great value.
Without specifically naming the vehicle and potentially created more market competition. Think of something along the lines of a $80K+ luxury truck for the price that I am planning on buying a SCREW Raptor- $40K - $45K.
Thats a wakeup call! :158:
Sure the Raptor is "special" and I am sold on the concept and Baja look, however, that doesn't mean that there weren't other special trucks a few years ago that go under the radar. Meaning, special in other ways - say handling and performance while still maintaining decent towing ratings. Handling and performance is something that I am more likely to frequently appreciate as a daily driver.
I tried to do some research to figure out the 3 year anticipated depreciation and since this is a new truck, there is no good history to go off of.
The best I could do as a benchmark is a 2008 Ford F-150 Harley Davidson SCREW.
MSRP: $36,500
Current Value : $25,000 -$27,000
Thats a 30% loss of value in 3 years! Ouch!!
This doesn't take into consideration how many are made or the SVT moniker (not sure it really matters).
So what do you think the anticipated loss is in 3 years? Do you think it is worth it?