Refreshing

[AZmom]

Hi everyone,

I traded in my 2014 Explorer Limited in Sunset for a Sport a week ago. The dealer was able to sell it immediately. I don't know the final price, but it was advertised the same (slightly above) what they gave to me in trade.

It seems whether new or slightly used, that these move quickly... Whether it's a holiday weekend or not. . Just a refreshing thought and experience I wanted to share. My experience is that these vehicles retain their value and do not depreciate as fast as other vehicles I have owned.

 

[peterk9]

The dealer talked me out of my 2011 Limited with a year left on a 4 year lease. They paid off the lease, bought the vehicle from Ford (residual after 4 years was $19,100) and sold it the same week.

Peter

 

[182RG]

My experience is that these vehicles retain their value and do not depreciate as fast as other vehicles I have owned.

Um...If I read correctly, you owned it for 4 months, no? Not exactly common.

Check KBB on an 11 or 12....different picture.

 

[AZmom]

I paid 39k and traded in for almost the same. Typically you take a 5k or more hit and I didn't. That's refreshing. Kbb and other value guides don't always depict what regional demands are. Sports are hard to come by and now Limiteds are not plentiful. Basic economics - supply and demand.

 

[PMAX6]

Congrats on the new Sport! You will love the added power, I would miss the rain sensing wipers here in Seattle however in AZ I doubt it would be missed much!

 

[dtr]

As a rather savvy engineer who started taking 4 months off the summer I turned 54 and 6 months + each summer there after, I will tell you my assets were not enhanced by trading vehicles frequently.

I am reluctant to believe the dealers or Ford suffered on any of these deals. Your portfolio and portfolio compounding should be your focus imo.

 

[peterk9]

I fully agree that Ford didn't lose anything in my deal. I didn't even counter their proposal. Happy with what they offered. I'll be 68 this year. Retired with full gov't pension at 55. I'm still able to put $$ away in my investments each year and don't foresee having to draw on them at all. So I don't have a problem switching every 3 or 4 years.

Peter

 

[AZmom]

I don't think any dealer is suffering, at least around here. I agree about putting money away, I have to work to support my hubby as he needs to retire (almost 20 years) He will be of retirement eligibility whereas I can't for awhile. I suppose I can bring home the bacon, since I'm not of age. Lol.

Since life is short, hubby and I agreed we need to be happy with our rides but not at the risk of being car or house poor. We still have family vacations planned. Lately we have had a lot of issues with wrong way drivers, and let me tell you with the fatalities and how close to home it hit we realize you only live once. So here we are, and my car payment went up $5.00 a month...same term. So still refreshing from our standpoint.