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I understand your point but it just shows that used can cost more than it should! No one mentioned the supply issue, dozens if not hundreds of new identical trucks are for sale right now so you just need to haggle a few different dealers to get the best price.
On the used market there are less identical models available so the haggle part of the equation isn't in your favor.
Dealers typically have more room to negotiate on used. The average per unit profit margin of used sales is usually 2X (or more) of new. So even if there is more of a constrained supply that doesn't mean a dealer won't negotiate on a used truck as much.
My whole point before was you can't compare a price in one time period to a price 4-years later. The decision has to be what is a new one vs a used one at the time you buy it. Then you can make a decision. I'm generally a new car buyer but I have done both. Got three cars in the garage now, two I bought new and one I bought used.
Ford made the Mazda, not the other way around, for what it's worth. Rangers were darn good trucks and popular. Ford only stopped making them when they changed the CAFE rules and the Ranger no longer added value there. Ford lost too much money on each one they sold. The new Ranger program should have a better financial equation for Ford.
Fair enough, I'm no car guy (obvioisly) I work on them but I say: "I bang my head on the block till its fixed"
Point being I was scared of Rangers because in the 90's everyone I knew either loved it or called it the worst lemon they'd ever seen, and I don't like that variable. ... but another look showed they fixed the issues for the year range i looked for.
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Quote:
Originally Posted by iamweasel
Ford only stopped making them when they changed the CAFE rules and the Ranger no longer added value there. Ford lost too much money on each one they sold. The new Ranger program should have a better financial equation for Ford.
The also found it nearly impossible to compete with the Toyota Tacoma. Rangers are great trucks but given they sold for pretty much the same money as the equivalent Tacoma (but now crew cab option) toward the end only the Ford guys bought them. Apparently they are bringing it back with a crew cab option so it may sell pretty well.
You can find a unpopular/undervalued but still excellent quality vehicle for (in my case) less than half the cost of more popular models, and even MORE of a discount under new (price per mile)
Last edited by Themanwithnoname; 10-30-2017 at 11:03 AM..
Using their calculator the payment difference is about $44 a month. However if the new one has better financing than 4.9......lets say 0.9 then the new one is actually about $30 a month cheaper! Same car, same color, same trim level and the new one is cheaper!
Remember this is a no haggle dealership, the price is what it is so you can't negotiate the price lower.
The used one has a CPO warranty on it so that may be part of the reason the price spread is not where you'd think it should be. The cost of that CPO warranty may be baked into the price so someone may be able to buy it without the CPO warranty at a lower price.
Another factor in-play here is the new one is being advertised with the following:
Price includes: $500 - Ford Credit Retail Bonus Customer Cash. Exp. 01/02/2018, $500 - Retail Bonus Customer Cash. Exp. 01/02/2018, $4,000 - Retail Customer Cash. Exp. 10/31/2017 Must Finance with Ford Motor Credit $500 - Exp. 11/01/2017
The rate with FMCC might be higher than what a customer can normally get at their own bank or whatever. If they customer elects to finance with another source then most or all of those rebates get taken away. So to get that $36,923 price the customer may have to deal with a higher than normal interest rate.
But all things being equal, nobody in their right mind would pay $33,900 for a used one if you can get a new one for $36,900. That would not make any sense so eventually that dealer would have to sell that used one for less. (Unless they get lucky and a customer who doesn't know any better buys it.)
Currently used car prices are extremely high (People can check the Manheim index if they disagree).
As such, especially when considering a lot of year end incentives and having to worry about repair costs...buying a "basic" new car may be the better choice.
But, it's such a complicated, individual question that there is no one silver bullet.
Just watch out for people selling the latest batch of "flood cars" from Houston etc.
The also found it nearly impossible to compete with the Toyota Tacoma. Rangers are great trucks but given they sold for pretty much the same money as the equivalent Tacoma (but now crew cab option) toward the end only the Ford guys bought them. Apparently they are bringing it back with a crew cab option so it may sell pretty well.
Sales volume or demand is not why the Ranger was discontinued. It was always a good selling truck and a good performing truck. It was 100% a cost structure issue and that's why there weren't many big redesigns of it during the latter years.
Sales volume or demand is not why the Ranger was discontinued. It was always a good selling truck and a good performing truck. It was 100% a cost structure issue and that's why there weren't many big redesigns of it during the latter years.
Exactly. They could build an F150 for about the same raw cost and of course sell it for more, thus making a greater profit.
Exactly. They could build an F150 for about the same raw cost and of course sell it for more, thus making a greater profit.
It wasn't the same but it was closer than most people would realize. Heck, I could say the same of the difference between a Fiesta and an F-150. The build cost between those two vehicles is not nearly as large as the retail sales price difference is.
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