Hello Folks,
In Feb. of 2014 I took delivery of my 2014 Oxford White Fiesta ST ($28,000.00 Cdn.) with only a Moonroof as an option. I never modded it with the expectation that it would support my future intent to use it as a valuable trade - in.
In September of 2018, when I was certain that 2019 would be the ST's last year, I found only one Toronto dealer willing to make a dealer order for the car so that I could own the last model year. What confirmed the deal was when the dealer offered $13,000.00 Cdn. as a trade - in on a five year old car with 66,000 Kms. for a 2019 version that was only $500.00 Cdn. more than five years previous.
Considering that the trade - in value is reduced from the price of the car prior to HST being applied that $13,000.00 actually was a $14,690.00 Cdn. value. (exceeding 50% of what I paid five years earlier)(remarkable value retention)
On Wed. April 17, 2019 I took delivery of a Platinum White Tri-Coat 2019 Ford Fiesta ST and expect that the value retention will exceed my first experience when I sell the un-modded vehicle to a young person in 5 - 8 years time.
I am certain that this will be the last car I own when taking into account where the industry is headed.
I am fully pleased with how my ownership of this fine vehicle has progressed and I completely expect this pleasure to continue. Rare = Value
MAJP
In Feb. of 2014 I took delivery of my 2014 Oxford White Fiesta ST ($28,000.00 Cdn.) with only a Moonroof as an option. I never modded it with the expectation that it would support my future intent to use it as a valuable trade - in.
In September of 2018, when I was certain that 2019 would be the ST's last year, I found only one Toronto dealer willing to make a dealer order for the car so that I could own the last model year. What confirmed the deal was when the dealer offered $13,000.00 Cdn. as a trade - in on a five year old car with 66,000 Kms. for a 2019 version that was only $500.00 Cdn. more than five years previous.
Considering that the trade - in value is reduced from the price of the car prior to HST being applied that $13,000.00 actually was a $14,690.00 Cdn. value. (exceeding 50% of what I paid five years earlier)(remarkable value retention)
On Wed. April 17, 2019 I took delivery of a Platinum White Tri-Coat 2019 Ford Fiesta ST and expect that the value retention will exceed my first experience when I sell the un-modded vehicle to a young person in 5 - 8 years time.
I am certain that this will be the last car I own when taking into account where the industry is headed.
I am fully pleased with how my ownership of this fine vehicle has progressed and I completely expect this pleasure to continue. Rare = Value
MAJP