Mondeo depreciation

IanC · 16-08-2015, 06:02 PM

Looking at 2 year old station wagons, the redbook value on a Mondeo was around $10,000 less than for a Mazda 6 or a Hyundai i40. New prices on the base models were about the same but the Ford seems to be worth much less second hand. How come? Whats wrong with the Mondeo?

It was the same with the Falcons for years and I have run a second hand Falcon for 10 years with few problems. Are the petrol Mondeos dogs that every one avoids? Are the Jap and Korean cars that much better?

SumoDog68 · 16-08-2015, 06:28 PM

Quote:

Originally Posted by IanC

Looking at 2 year old station wagons, the redbook value on a Mondeo was around $10,000 less than for a Mazda 6 or a Hyundai i40. New prices on the base models were about the same but the Ford seems to be worth much less second hand. How come? Whats wrong with the Mondeo?

It was the same with the Falcons for years and I have run a second hand Falcon for 10 years with few problems. Are the petrol Mondeos dogs that every one avoids? Are the Jap and Korean cars that much better?

Used cars are different market , cars sell on reputation and something like long standing model (Mazda 6/626) will have had built a loyal following . So those are in higher demand and command higher prices . Sometimes reputation can be wrong for a particular car - for example Magnas had horrific reputation but were good cars . That's why Magnas were a great bargain in used market.
Mondeo was never a big seller and resale struggles a bit - I think it might be a good used buy , you will still get remainder of factory warranty .
Also remember , Redbook is just a guide.

LG17 · 16-08-2015, 06:56 PM

We had an MA Mondeo for about 5 years and were very pleased with how it went and how it lasted. I sold it privately to get as much as I could for it as it was worth sfa as a trade in.

Binny · 16-08-2015, 08:02 PM

I think some people see the word Powershift and avoid it like the plague. The dodgy dry clutch powershift in the focus and fiesta is hurting more than just sales of those vehicles. Even though the Mondeo one is different and doesn't have the same issues it has the same name on it.
I think used Mondeos are a bargain.

Sabantien · 16-08-2015, 08:06 PM

I looked at Mondeos when looking for a new car. They were a bit much, and I ended up with a Falcon. The new Mondeo is a lot swisher than the old, so i wonder if that is effecting the prices now.

Crazy Dazz · 16-08-2015, 08:12 PM

It's a low volume seller with no big following in Australia.
If you're planning to keep it for a long time, then its an excellent choice 2nd hand.

IanC · 16-08-2015, 11:47 PM

Quote:

Originally Posted by Crazy Dazz

It's a low volume seller with no big following in Australia.
If you're planning to keep it for a long time, then its an excellent choice 2nd hand.

Large Fords don't seem to keep their value. The Falcons have a much lower resale than Commodores also. The Mondeos have low resale values in the UK too and are seen as being a fleet vehicle with few private buyers. In the UK buyers demand and get large discounts on new Mondeos which doesn't help the resale values of second hand ones.

I think you are right Dazz about the value of buying one second hand to keep in the long term. I usually buy an 18 month old vehicle and look to keep it 12 to 15 years. It makes for cheap motoring.

Ringo · 17-08-2015, 02:23 PM

I work in vehicle leasing where the resale value of a car plays a big part in calculating leasing costs to customers.

Cars that costs the same about to buy can have dramatically different running costs and resale values and thus leasing costs.

Used car values are determined by supply and demand mostly and demand is very badge based.

Non car people know some cars and that they is what they hunt for so Corolla for instances are extremely easy to sell for good money second hand…everyone knows them, they are reliable etc

Another common rule is that if its popular as a new car to private buyers it will be popular as a used car and thus have a good resale value -think Mazda, think SUV’s, think 4x4 Utes.

Mondeo’s are not popular as a new car and underappreciated in many ways so absolutely make for a used car bargain.

Yellow_Festiva · 17-08-2015, 04:03 PM

Same with the I30 vs Focus. Compare them on the used market and the I30 can be several thousand more than the Focus of the same age and km.

Often, the I30 had a lower new price compared to the Focus.

Used I30 and I40's hold their value very, very well.

b2428 · 17-08-2015, 07:21 PM

Trust me I feel the pain of shocking depreciation. I have a 2008 ma that had lost 12000 in the first 2 years that I had owned it. Bought it with 38000kms on it and went to off load it and was really shocked. The answer I got was due to it being a diesel as a trade Noone wants to touch them.

Morexbs · 18-08-2015, 01:59 PM

I bought an ex fleet 2012 Zetec Ecoboost hatch at auction last year.It had 25000 kms on it and I paid $15000 for it.In 18 months that's a pretty big tear up.
On the upside,I think it's the best car I've owned and if I wanted to sell it today I would probably get my money back. The basic petrol models are best avoided because they are pretty unpopular once they leave their first owner.

bathurst77 · 20-08-2015, 05:51 PM

Had a bog standard MA Zetec (NA Petrol) Hatch.
Was OK.
Aircond never worked from day 1 (Make sure you test it before buying, common complaint of early ones)
Drivers interior door trim started to peel off and the faux chrome on some of the buttons bubbled.
The fuel gauge sensor failed so I ran out of fuel once, coz of the funny self sealing cap thing I couldn't fill it from a funnel and it had to be towed. Battery died after 5 years and triggered the engine immobiliser and it got towed again.. $600 later the ford dealer got it going.

Other than that I put 230,000 KM on it and it was reliable enough.
Bought it new for about 30, sold it for about 7..... Mind you it was 7 years old and showed its miles were done hard....

stig_3754 · 20-08-2015, 06:34 PM

Quote:

Originally Posted by bathurst77

Had a bog standard MA Zetec (NA Petrol) Hatch.
Was OK.
Aircond never worked from day 1 (Make sure you test it before buying, common complaint of early ones)
Drivers interior door trim started to peel off and the faux chrome on some of the buttons bubbled.
The fuel gauge sensor failed so I ran out of fuel once, coz of the funny self sealing cap thing I couldn't fill it from a funnel and it had to be towed. Battery died after 5 years and triggered the engine immobiliser and it got towed again.. $600 later the ford dealer got it going.

Other than that I put 230,000 KM on it and it was reliable enough.
Bought it new for about 30, sold it for about 7..... Mind you it was 7 years old and showed its miles were done hard....

The car should've come with a special funnel that will fit through so you're able to fill it if you're ever in that situation. I'm guessing you didn't get one?

mik · 20-08-2015, 09:55 PM

i think european cars have another mark against them also as far as parts availability too, we have heard many horror storys on various model imports, fords included with blokes waiting yonks for parts that should really be available in days , not weeks or months.

esppwr · 20-08-2015, 10:09 PM

Mondeo's don't have a great reputation for reliability or low running costs and don't have any standout features, style or capability. Hence they struggle to attract private buyers.
Most are sold as heavily discounted fleet vehicles, then when the lease is up it's a case of supply v demand.
Australian manufactured cars had similar resale issues when they were preferred by fleet companies. Now that mostly imported cars are preferred by fleet companies, Aus manufactured cars resale values have improved.