I got my F-TYPE appraised at CarMax. I knew it wouldn't be great but man...its brutal. I have a 2016 F-TYPE base with all options except vision pack. $37000 for a car that stickered at $76095.

 

The depreciation curve on F Types is savage. Its essential to get a 20%+ discount on new price to make it worthwhile unless you love throwing money away. Selling at just 1 year old is eye wateringly brutal!

Dread to think how much I have lost on my V8S. Had it for 3.5 years now and will keep it a while longer to make the hit more palatable.

 

I did one through KBB and even with my insane low mileage, all I got was $41,700...payoff through 10/12 is $45,980.

Just talked to my local dealer about them buying the car and after researching and crunching all the numbers, he said they weren't interested because used F-Types just don't sell well for them here...and I can believe that. Possibly if I tried one of the Bay Area dealers I'd have better luck.

 

I got an appraisal from carmax and a week later I sold privately for 20% more.

Another dealer offered me around 8% more than carmax. It pays to check around, if you don't want to sell privately. Many dealers purchase cars outright.

 

Simple. If frugal, but used. Many nice examples of 2015 - 2016 models at a 50% haircut over new MSRP.

If you have money to blow, purchase new.

Even when you purchase used, figure 10%-15% depreciation yearly.

Pay to play, always.

 

Thankfully some of us here ain't selling. Ever!

 

+1.

 

+2

 

White Tardis, try Trade-in solutions on Irvine Center Drive.

 

What was your purchase price?

 

+3

 

Don't have a F Type in the stable... Yet, but.. +4 when I do.

 

and that's why I decided to give leasing a try for the first time.


After the loss I took selling my last car, I decided to lease the F-Type. It kills me that I'm throwing money away leasing, but sometimes more money gets thrown away when selling your car after you purchase it.


Bottom line, enjoy what you drive because regardless if you buy or lease, chances are you'll loose money in the end (of course there are the rare exceptions)!

 

Carmax has gotten pretty bad with their quotes. I just traded my 14 v8s with 18k on it for $52,000 two months ago. I had it for a year, paid $55,000 originally.

Looking at this way if I purchased it new for say $90,000-$100,000 and traded it in a couple of months ago and it depreciated 40-50k. That would be hard to swollow.

 

Why would this surprise ANYONE? CarMax offers are to buy your car for WHOLESALE, not retail so what you are seeing is the WHOLESALE value of the car and it's pretty darn accurate. OBVIOUSLY you would get more selling to an individual which is RETAIL which would logically be a couple of grand higher. You also probably got the same HUGE discount off list that most others did and probably only paid $65K or less so your yearly operational costs are probably less than $10K/year which is about average for any luxury car, right?

 

Whats with the tone? What difference does it make what I paid for it? Its a lease anyways. And no..wholesale at auction on this car is higher than what CarMax offered.

 

CarMax is in it to make money. Not certain where you are getting your auction values but a BASE F-Type at manheim is around that $37K figure. Options don't matter much in the wholesale market but they do help significantly in the retail market. Here is a small excerpt of those ACTUAL Manheim # as of a few minutes ago...(notice that the higher figures were from a number of months back & that the trend is moving towards $35K (for a 4.2 level, super clean) car...

Date Sale Price Mileage Condition
9/8/17 $35,000 22,783 4.2
9/1/17 $38,500 29,582 4.0
7/12/17 $44,800 11,457 4.4
5/10/17 $44,600 18,416 4.8

A lease is designed so that the residual will be pretty darn close to wholesale at the end of the lease period. I do realize that some people try to make money by selling a car prior to lease turn in but that seldom works out so the fact that it does not appear to be viable here is of little surprise... at least to most of us.

As for the price you paid... All purchases and leases work down to the same financial basics. You determine how much you are willing to spend on a consumable and then determine how good you did on that objective by reviewing the actual cost. This is applicable regardless of the type of acquisition (lease or purchase is irrelevant) so.. the bottom line is "what will it cost you on a monthly or annual basis". Some people are comfortable with spending $900/month for a lease and walking away at the end of the term with no equity. Others may buy a vehicle and make higher payments (e.g. SVR @ $900/month is more like $1,200/month for a purchase) but at the end they have equity that they can get back out of it (like from a CarMax). The fact that there is no equity in a lease should not really be of a surprise to anyone

 

I've never traded in a vehicle or sold it to a dealer. I always get top dollar for my cars when I sell them because usually they are in such exceptional condition that the buyer travels a couple hundred miles to come get it. I can get several thousand more than I've been offered by dealers. Unless you're ok with throwing away money, or if selling privately is too burdensome in some way, I would sell privately.

 

My figures are from Manheim as well:

8/23/17 $49,250 9,856 4.8 6G/A White Lease Midwest Milwaukee
7/7/17 $40,000 8,309 2.7 6G/A Black Lease Northeast Pennsylvania
6/21/17 $40,000 15,780 4.4 6G/A White Lease Southeast Atlanta
4/6/17 $52,800 1,588 4.9 6CY/A White Regular Southeast Atlanta
3/23/17 $48,800 1,252 5.0 6G/A White Lease Southeast Atlanta
3/17/17 $46,800 11,832 4.1 6G/A Black Lease Southeast Palm Beach

 

+1, Never trade a Jag, never sell a Jag for wholesale, never take a Jag to an auction. If you have the time and your car is in good to excellent condition you can get a premium price, every time. The country is chuck full of people willing to pay a premium for a premium car. BUT you must have the TIME to sit and wait.