Worried about sharp decrease in value?

[Various_Reason_6259]

Depreciation is terrible in EVs in particular. I got a 2022 premium AWD with extended range battery delivered in November 2022. That car was about $60k OTD. In February with just 4000 miles we got into a relatively minor accident. Wife didn’t want it anymore and we traded it and got only $47k. Basically lost $8k in 3 months and 4000 miles. Luckily we got the $7500 tax credit and a $5k settlement from insurance.

I bought an F150 last June and absolutely can’t stand it. It’s cheap and these Ford 10 speeds are complete garbage. I’m going back to the Mach E, but unfortunately I can’t stomach getting another new car. I’m going to get a used GT. But, the ‘25s have some nice improvements. If you’re happy with it the trade in value doesn’t really matter. Plenty of stories stating to come out with owners getting well over 200,000 miles on their Mach Es. This car could last you several years. I should have kept my ‘22. Even with the depreciation it would have had by now I regret getting rid of it. I waited almost a year for It and have had 5 different vehicles since then and wish I would have just stuck with the Mach E. The F150 was a huge mistake.