Good move?
Logistics Pro
Joined: Nov 2002
Posts: 4,788
Likes: 20
From: Mansfield, TX USA
Originally Posted by sulldog66
I just ordered a fully-loaded 2007 EL and the total came to about $47,000. I'm wondering if it will be worth it or will the EL be worth $18K in two years.....and I'm wasting money....
More Turbo
Joined: Jul 2005
Posts: 683
Likes: 6
From: Long Island, New York
The residual value as per Ford after 3 years is 49%. I'd say that's normal for a full size SUV in today's world.
It only hurts when you sell it so if you plan on keeping it for awhile, don't concern yourself about the loss of value, just enjoy it.
It only hurts when you sell it so if you plan on keeping it for awhile, don't concern yourself about the loss of value, just enjoy it.
Elder User
Joined: Jan 2006
Posts: 629
Likes: 0
If it were my money, I'd wait a few months. This will help get the pricing and incentives down to a manageable level, as you're avoiding the typical high-demand most vehicles have right at launch.
Especially for a large SUV in today's market, where demand is softening.
Then again, I own a bunch of Ford stock (bought it on sale!) so I'd really rather you not have to rely on factory incentives!
Especially for a large SUV in today's market, where demand is softening.
Then again, I own a bunch of Ford stock (bought it on sale!) so I'd really rather you not have to rely on factory incentives!
New User
Joined: Aug 2006
Posts: 1
Likes: 0
I would wait because the new Expediton will be nailed to dealers showroom floors, and HUGE discounts will be here by christmas. also , yes, basically your Expedition will be worth about 20k in 2 years: figure a drop of at least 55 % of msrp after 24 months and less than 25k miles in Excellent condition.(asumes new vehicles are not being heavely rebated at the time of trade/sell.) Also be advised that a more powerful engine is on the way for '08.
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