How well do you think the CX-5 will hold its value?

[P5stillalive]

For the first time ever we decided to lease a car. Since my wife drives just a few miles a day it seemed to make sense. In the 11 years of owning our Protege 5 we have put just a hair over 60k on her. I figured I would just hand the CX-5 in but I am really loving it and since we hold onto cars forever (just sold our 2000 BMW 528 touring with 200k) I dont think 3 years is along enough to have a relationship with a car. My buyout is 15k with 45k on the clock.
Considering it is the GT with TP, do you think it would hold that much value in 3 years?

 

[SayNoToPistons]

Pretty damn well considering the demand is quite high. Mazda has a hard time keeping up with production to meet with the demands that are three times stronger than predicted.

 

[under200]

It's Japanese, it will hold it just fine.

 

[jtl]

According to those numbers that is about a 48% depreciation factor, most cars are over 50% so that is better than average. Lease buyout figures are usually a pretty good indicator of residual value. I bet over the next 6 years it will not drop more than another 50% based on how few miles you will have on it. I just sold my 11 year old Passat with 51K on it for $5000 which was about 20% of the original cost.

 

[Mithan]

Don't buy a new vehicle if you care about resale value.

 

[chinq6t]

Agreed. My 2008 Cooper S bought for $27k new, just traded it in for CX5 at $10k with 65,000 miles. Condition: good. At time of purchase I was confident that it'd hold its value very well after reading Mini forums. Not exactly now. Plus, it's a German car vs Mazda.

 

[P5stillalive]

According to those numbers that is about a 48% depreciation factor, most cars are over 50% so that is better than average. Lease buyout figures are usually a pretty good indicator of residual value. I bet over the next 6 years it will not drop more than another 50% based on how few miles you will have on it. I just sold my 11 year old Passat with 51K on it for $5000 which was about 20% of the original cost.

To top that my 12 year old BMW 528it - 5 speed- has a blue book of 3k while it sold for nearly 60k. I got 6 for it only bacuse its a rare manual and was mint.

 

[IHeartGroceries]

To top that my 12 year old BMW 528it - 5 speed- has a blue book of 3k while it sold for nearly 60k. I got 6 for it only bacuse its a rare manual and was mint.

Man, that's nuts.

I could sell my pickup for probably $3,000 or so, which is about what it cost brand new in 1972.

$3,000 adjusted for inlation is about $16,500 in 2013.

Automobiles are just a total crap shoot when it comes to value. If you plan on keeping a vehivle for a very long time, it shouldn't matter. If you're the type that likes to be in a new vehicle every couple of years, I'd be a little more mindful of it.
Because I plan to sell my Speed6 later this year, or early next, it makes more sense to sell it now, so that I am not driving the equity out of it...

 

[Exmoor]

For the first time ever we decided to lease a car. Since my wife drives just a few miles a day it seemed to make sense. In the 11 years of owning our Protege 5 we have put just a hair over 60k on her. I figured I would just hand the CX-5 in but I am really loving it and since we hold onto cars forever (just sold our 2000 BMW 528 touring with 200k) I dont think 3 years is along enough to have a relationship with a car. My buyout is 15k with 45k on the clock.
Considering it is the GT with TP, do you think it would hold that much value in 3 years?

I can't predict the future, but used car prices are a bit insane at this moment. It seems like lots of people heard the "buy used" advice and the recession finally made them accept it, to the point of insanity. You see dealerships asking $15,000 for a 2010 Honda Fit, a car that topped out at $16,410 MSRP NEW. Under this market, the idea that a CX-5 is going to depreciate 50% in 36 months is a bit strange. I just pulled up some similar 2010 models to try to get an idea what a 3 year old SUV depreciates. I looked up asking prices for CRV's and RAV4's which were the two most comperable vehicles I could think of and I could not find anybody asking under 20k locally. Admittedly, probably inflated since they were mostly dealers, but even if they give you 10% off, this is still $18k for a car that topped out at 27k. I suspect that many of these models sold for more like $24k so you're talking 25% depreciation rather than the 50% your dealer is expecting. Hondas and Toyota's do tend to carry their resale value a little better, but Mazda is no slouch.

Luxury cars (European ones especially) tend to drop like rocks due to reliability issues and the fact that people willing to spend 35k on a sedan don't want to be seen in last years model, but unless there's a technological revolution in the next couple of years I suspect that there will be plenty of folks looking for a large family hauler that gets 30+mpg and has a lot of comforts.

 

[xtrailman]

The CX5 will hold its value for the first 3 years max, once they come onto the market in numbers the residuals will fall away.

I've seen this many times with all makes.

When i bought my first xtrail the predicted residuals was 60%, by the time i sold it 4 years later, the residual prediction was in the 40% area.

 

[Exspeedaway]

I paid my previous Speed3 2008.5 32k in 2008.
Trade it for my CX5 and i got 18500$ for it at the dealer with 42000km on it.
So it's like 42% depreciation, i know that a Speed3 is a bit more rare but this is an excellent indicators of how well Mazda hold their value i think.