Never said I traded a CX-5 for a CX-5. I just used my example to show that a cx5 shouldn't lose $6k in less than a year when the vehicle I just traded lost only $11k in 5 years.
2013 CX-5 2.0L, thinking about upgrade to 2014 CX-5 2.5L
- Thread starter mazdadude
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Never said I traded a CX-5 for a CX-5. I just used my example to show that a cx5 shouldn't lose $6k in less than a year when the vehicle I just traded lost only $11k in 5 years.
Yes, you never said originally what you traded, until we asked. And now we know. If somebody has a diesel Dodge to trade, it certainly holds it's value well. Also 1st year depreciation for any vehicle (even a diesel Dodge) is largest portion of the accumulated 5 year depreciation.
Thanks for providing some good information.
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Depreciation is tricky, because as a buyer, you factor in taxes and everything else, sellers are different.
For example, the GT in Canada, with remote start and the tech package with Taxes is roughly $38-42k depending on your province. I priced mine out at $42k with taxes in Saskatchewan and that included the HomeNet, remote start, plastic protection package and the tech upgrade, plus 10% tax (5% GST and 5% PST).
GS with Nav and Remote Start is roughly $35-37k with taxes, depending on province, but my quote came to $38k with Nav/Plastic/Homenet and Remote Start.
Good luck selling that a year later for anything more than $28k for the GT or $25k for the GS. That is a $10-14k hit and roughly 30% depreciation in the first year, probably more and the main reason I am trying to hold off buying one, even though I would keep it for 8-10 years and it wouldn't matter much.
I want one, but if I can get a GS next year with less than 30k km on it for $22-25k, I would do it. That would save me about $12-15k.
I saw a "used" one sell here the other day. Grey GS with 1000km on it that sold for $28500 plus tax. Same one at the Mazda dealer with 17km was $32000 plus tax. Now, how did O'Brians have it for 1000km and not be at a Dealership, I don't know...but that is a significant savings amount.
I don't mind buying used personally, but you are always going to get "screwed" if you sell your car immediately after buying it new IMO.
Another example is a 2011 Tucson with 40k on it. They bought it 2 years ago for $42k with tax and no navigation and are trying to sell it today for $27000 "asking", which means it will sell for $25k if they are lucky. (No tax needed as it was used).
I also looked at a 2012 Mitsubishi RVR SE with 27k on it. Dealership price was $24k (plus GST and PST as it was an out of province inport). You could of picked it up for $25k taxes in, but that is about $12k savings from brand new in 1 year.
For example, the GT in Canada, with remote start and the tech package with Taxes is roughly $38-42k depending on your province. I priced mine out at $42k with taxes in Saskatchewan and that included the HomeNet, remote start, plastic protection package and the tech upgrade, plus 10% tax (5% GST and 5% PST).
GS with Nav and Remote Start is roughly $35-37k with taxes, depending on province, but my quote came to $38k with Nav/Plastic/Homenet and Remote Start.
Good luck selling that a year later for anything more than $28k for the GT or $25k for the GS. That is a $10-14k hit and roughly 30% depreciation in the first year, probably more and the main reason I am trying to hold off buying one, even though I would keep it for 8-10 years and it wouldn't matter much.
I want one, but if I can get a GS next year with less than 30k km on it for $22-25k, I would do it. That would save me about $12-15k.
I saw a "used" one sell here the other day. Grey GS with 1000km on it that sold for $28500 plus tax. Same one at the Mazda dealer with 17km was $32000 plus tax. Now, how did O'Brians have it for 1000km and not be at a Dealership, I don't know...but that is a significant savings amount.
I don't mind buying used personally, but you are always going to get "screwed" if you sell your car immediately after buying it new IMO.
Another example is a 2011 Tucson with 40k on it. They bought it 2 years ago for $42k with tax and no navigation and are trying to sell it today for $27000 "asking", which means it will sell for $25k if they are lucky. (No tax needed as it was used).
I also looked at a 2012 Mitsubishi RVR SE with 27k on it. Dealership price was $24k (plus GST and PST as it was an out of province inport). You could of picked it up for $25k taxes in, but that is about $12k savings from brand new in 1 year.
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Good points. I agree that first year depreciation can be pretty severe. Unfortunately, I have found it very difficult to find the perfect 1 year old car with a 20-30% discount. Also when something is that new, I begin to get concerened that something is wrong with it unless it is a program/lease car or something.
I purchased my Escape (in sig) used w/ 10k miles in October 2006 at a pretty steep discount. It took a lot of searching, but I found a dealership that had received a large shipment of low-mileage program cars. At the time Escapes were notorius for high depreciation so buying used made a lot of sense.
I purchased my Escape (in sig) used w/ 10k miles in October 2006 at a pretty steep discount. It took a lot of searching, but I found a dealership that had received a large shipment of low-mileage program cars. At the time Escapes were notorius for high depreciation so buying used made a lot of sense.
$20K for a Dodge Ram diesel is pretty good after 5 years considering is cost roughly $46K brand new. It's still a Dodge though...lol
Most every car looses 20% in year one. Slow drop off after that.
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Kind of a bad move -- I've been there twice selling new car after a year--not worth it in my opinion especially for 29hp. Why not keep your 2013 and turbo it a few years 
or just drive it the way it is OR actually upgrade to a vehicle with actual HP like a Forester XT, Kia Sportage SX Ford Escape Turbo etc. --- Kind of wish I got the Forester Now so much faster---but mpg suffers and interior is boring ....
or just drive it the way it is OR actually upgrade to a vehicle with actual HP like a Forester XT, Kia Sportage SX Ford Escape Turbo etc. --- Kind of wish I got the Forester Now so much faster---but mpg suffers and interior is boring ....
mazdadude
ZOOOOOOOOOM ZOOOOOOOOOM
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- '16.5 Mazda CX-5 Touring
Kind of a bad move -- I've been there twice selling new car after a year--not worth it in my opinion especially for 29hp. Why not keep your 2013 and turbo it a few years
I agree, not a wise move at all. It was more out of curiosity, I had a $ number in my head, and was curious what others thought it was worth.
However only 1 person out of over 2 dozen replies was brave enough to throw a number out there.
Well---we bought a 2013 GT in Canada with a few extras extended warranty out the door it 39,000 including taxes and all. We are currently at 9500kms and based on my past experiences and research I would say we probably could get around 29,000$. My last car that I took a big hit on after owning for a year was a 2006 WRX cost us 37,000 tax in etc. Sold a year later for 28,500 with 15,000kms but a WRX holds it's value better in my opinion.
