2019 DEPRECIATION

[REMIX]

That's nuthin. If you really want to get screwed, go buy a luxury sedan. I traded in a near perfect, garage kept, low mileage, not a scratch on it, loaded, V8 G80 Genesis sedan that I bought used in July of 2018 for $27,500. I went to several dealers, including Carmax for ***** and giggles, and was offered $17,000 from one Ford dealer on trade, $16,000 from CarMax and $18,500 ultimately on my trade for the Raptor. This is a car that stickered for $57k new in 2016. That is insane depreciation.

 

[Kashoggio]

That's nuthin. If you really want to get screwed, go buy a luxury sedan. I traded in a near perfect, garage kept, low mileage, not a scratch on it, loaded, V8 G80 Genesis sedan that I bought used in July of 2018 for $27,500. I went to several dealers, including Carmax for ***** and giggles, and was offered $17,000 from one Ford dealer on trade, $16,000 from CarMax and $18,500 ultimately on my trade for the Raptor. This is a car that stickered for $57k new in 2016. That is insane depreciation.

It’s a Genesis, hardly a luxury sedan. Once they distance them selves from Hyundai then maybe but till then no one wants to buy them

 

[REMIX]

It’s a Genesis, hardly a luxury sedan. Once they distance them selves from Hyundai then maybe but till then no one wants to buy them

AMG S63s (actually any Benz that's a sedan) are no better and what do you call those?

 

[JohnC12]

It’s a Genesis, hardly a luxury sedan. Once they distance them selves from Hyundai then maybe but till then no one wants to buy them

While I won't disagree that a Genesis will likely depreciate fast than some other luxury brands, have you ever been in one? I recently rode in the back of a G90 and thought I was riding in a Bentley. I was shocked at how nice it was.

 

[Russ103]

I agree, German vehicles are TERRIBLE.

Speak for yourself.

Nothing feels like a German car (Mercedes and BMW especially) on the highway. Not even close

 

[Russ103]

AMG S63s (actually any Benz that's a sedan) are no better and what do you call those?

An S63 Benz is not “any Benz that’s a sedan”

It’s like calling a Raptor similar to a base model fleet work truck F-150 that cost $18k

 

[REMIX]

I think you misunderstood what I was getting at. AMG sedans are among the fastest depreciating vehicles out there, and that's saying a lot. Sedans in general have little to no appeal these days and that is reflected in trade-in and resale. The G80 I had was an extremely nice car, on par with the AMG CLK class I had a number of years ago. Lot of issues with both vehicles, though. The main problem with the Genesis brand is it being co-mingled with Hyundai. Their two big sedans are so entirely removed from the typical Sonata/Elantra lines they might as well be from completely different planets.

When in for service, at least they always gave me a loaner, no questions asked. I am concerned what kind of experience I'm in for if I have problems with this Ford. I'm used to getting loaners when I need to leave my car with the service department (in the past 2 Lexus, 2 Acuras, MBZ and this Genesis), so we'll see.

 

[pfred]

The only people that care of depreciation on a high performance luxury sedan (like an AMG S63) are people that don’t own them. Its a line item expense on a spreadsheet.

If you want resale value go buy a Wrangler or Taco.

Enjoy your truck.

 

[REMIX]

This thread is about Raptor depreciation which, relative to almost all other cars, isn't bad at all.

That was the point as per the OP - it could be way worse.

 

[WhatExit?]

Remember , the more the vehicle is discounted, the more it depreciates.

Actually, "the more a vehicle is discounted after you bought it, the more your vehicle depreciates."

The "more the vehicle is discounted" has nothing to do with its resale value or depreciation from its purchase price.