I bought a used Fusion in 2009. It is currently worth what I paid for it then. In checking lots here, Camrys are dropping in value rapidly while the Fusion is rapidly INCREASING in resale value. With the Fusion rated far ahead of Camry in every category and ranking fully SIXTEEN notches higher than Camry in initial build quality, I fail to see how Camry resale values could possibly keep pace with the far better, higher rated Fusion.
Unless you got $$7,485 off of MSRP, you won't be getting what you paid for the car today. Booking the base Fusion from 2009 with 15K miles (which is low), I got $20,145 for a new base AT and it books now for $12,550. That is also KBB, which is really high by any dealers standards. You'd be lucky to get $10K for it on trade in really. You may get around that for a private sale or maybe a little bit more, but it won't be enough to eat up the tax difference for trading it in anyhow, so why bother? If you have higher than a base model, expect a greater loss on it. The reality of the market is a lot different than booking it, usually not in your favor as a seller. The last time I sold my car, I had to take much less than book as the market was tough. It is even tougher now for any private sale, as it is really hard to get a loan for a large purchase.
Sorry to be so long winded, but claiming you haven't lost any money on a new car that now is two years old just isn't the case. It never has been and never will be. I've been in the business, trust me. Dealers don't sell cars and then take them back for anywhere near what you paid for them.
It's tiresome reading comments from people who obviously are so intent on refuting a pro-domestic comment that they don't even READ the comment they are refuting!!
The comment CLEARLY STATES "I bought a USED Fusion". It was a 2006 with 20,000 miles. It was purchased for $12,500 in 2009. There is an IDENTICAL Fusion (same color, same equipment) on the same lot I bought mine from with 20,000 more miles than mine currently has. It is priced at $5000 MORE than I paid for mine. Considering that mine originally had an asking price of $13,995, I assume the dealer would drop the asking price by about the same amount. That means mine STILL has a retail value of MORE than $3000 MORE than it did in 2009. You can't go by Kelly Bluebook now. Dealers here laugh in your face at the suggestion that they go by KBB. The Fusion is skyrocketing so fast in resale that it varies day to day. Even FINDING a used Fusion here is hard (no one ever let's go of them and they never break down). On the other hand, the Toyota implosion is making used Camrys drop like a brick in resale. A one-year-old Camry LE was advertised at $12,995 recently. It's probably lower today.
In a recent car test, the Honda Accord was tested, and the test driver made the statement that anyone regarding the Accord as king of the sedans is either out of touch with the times or extremely biased in favor of Honda. The Accord was compared unfavorably to the much more reliable and sophisticated Ford Fusion. Having driven both I couldn't agree more. Ford has outdistanced all the competition by light years. Resale values are changing to reflect that (and incidentally, last year the best resale value of any car was a GM SUV, not an import).
"The Fusion is skyrocketing so fast in resale that it varies day to day. Even FINDING a used Fusion here is hard"
I am sure this is true story with the rising resale values of Fusion. Before I bought my Fusion in 2008, I checked out the resale values. They were shockingly low. Resale value really does not affect my new car buying decisions because I always keep my cars at least six years.
This particular situation of a rising resale value is a once in a lifetime event however. The resale value of the Fusion was dragged down by the abysmal resale value of the Ford Taurus (1997 to 2005 model.) The market assumed a similar result would apply to the Fusion. But Ford is not dumping Fusions into the rental car agencies, the public opinion of Ford has climbed, and the Fusion is a hugely improved car in nearly every way you can imagine. Now that I am accustomed to my Fusion, I can hardly stand to drive my Taurus. I only keep it to transport my dogs to the veterinarian and to loan out to visiting relatives. (The dogs are the better customers by the way. They don't collect red light camera speeding tickets, and they don't forget to come to a full stop before shifting from reverse into drive.)
The Fusion is still on par with the Toyota Camry of the same year and basic model type as far as KBB is concerned. Book the two and you won't see much of a difference between the % of value loss on the two separate models.
Where people come up with these magical figures is beyond me... Oh wait there are no figures quoted on here, and people just make quotes based on... well I don't know! Go book the two of them and list your findings on here please so we can see just how much the Fusion has supposedly gained in value.
I booked a 2009 Fusion the other day in comparison to a Toyota Camry. They both stickered at around $20K or so, and they both were valued at around $12,500 today with only 15K miles on them. I did trade in values as that is what 85% or more of people do with their old cars. Not such a huge gain in value, and you have to add in the fact that no dealer even uses a KBB value anymore, and they go with auction prices, which are significantly lower. You could expect about a $10K offer on trade in at any given dealer right now for a 2009 Fusion base AT with 15K miles on it. Don't argue it until you actually go to a dealer and get your significantly higher value.
Toyotas of old were the best cars imaginable. Smooth, reliable, and a bit quirky too (Toyota Soarer, Cressida etc). Now all they make is boring, ugly, dynamically compromised trash that doesn't even have competitive build quality anymore. Comparing a Honda Accord to a Camry is like comparing the bullet train to the Kabul Express.
I too laugh at the "Ford Fusion will be worth more than a Toyota Camry" commercials. This certainly isn't the case if you look at history. A 2007 Ford Fusion SE I-4 automatic sold new for $18,360, and a used one with 50K miles in excellent condition now books at $12,885, meaning it's retained about 70% of its value, and has depreciated by $5,475. A similarly equipped 2007 Toyota Camry LE I-4 automatic sold for $20,975 new, and a used one in the same condition and mileage of the Fusion mentioned above books for $15,700, meaning it's retained about 75% of its value, and depreciated by $5,275.
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