Has anyone compared their reality vs what Edmunds suggests? Immediate flags are:
2018 @ https://www.edmunds.com/ford/expedition/2018/cost-to-own/
2020 @ https://www.edmunds.com/ford/expedition/2020/cost-to-own/
1. Can't modify anything so the values are generic
2. Price is off,
3. Finance costs are off. For new, can't account for dealer incentives or 0% APR
4. No way to account for intangibles of # of trips to the mechanic warrantied or not
BL: Anyone find value or truth to their experience on these?
Commentary:
Torn between buying a 18 CPO 202 A ($43k after tax) or a 2020 201A w/pano ($55k after tax).... I think i'm trying to convince myself that the new car payment ($733 * 60 months, 0%) is a better value over the long haul than the used car ($634 * 60 months, 4%) payment.
More depreciation with the new car, but more used financing interest total payment ($3,612).
Cash flow neutral but... Could invest that $100 a month and earn 8%
Beyond the $$, I need to assess personal value of the 201 vs 202 packages (I don't think much).
EDIT I spreadsheet this and I came up with at the 5yr mark, the 2018 costs $10k less than the 2020 with less debt to income (minor credit difference), better options package, but will probably have more mechanic visits some of which could be lengthy. This confirms what others have said often, buy a gently used.
I just wish I could put a value on the worries of the 2018 model year (42K miles) vs the ones they figured out in 2020.
2018 @ https://www.edmunds.com/ford/expedition/2018/cost-to-own/
2020 @ https://www.edmunds.com/ford/expedition/2020/cost-to-own/
1. Can't modify anything so the values are generic
2. Price is off,
3. Finance costs are off. For new, can't account for dealer incentives or 0% APR
4. No way to account for intangibles of # of trips to the mechanic warrantied or not
BL: Anyone find value or truth to their experience on these?
Commentary:
Torn between buying a 18 CPO 202 A ($43k after tax) or a 2020 201A w/pano ($55k after tax).... I think i'm trying to convince myself that the new car payment ($733 * 60 months, 0%) is a better value over the long haul than the used car ($634 * 60 months, 4%) payment.
More depreciation with the new car, but more used financing interest total payment ($3,612).
Cash flow neutral but... Could invest that $100 a month and earn 8%
Beyond the $$, I need to assess personal value of the 201 vs 202 packages (I don't think much).
EDIT I spreadsheet this and I came up with at the 5yr mark, the 2018 costs $10k less than the 2020 with less debt to income (minor credit difference), better options package, but will probably have more mechanic visits some of which could be lengthy. This confirms what others have said often, buy a gently used.
I just wish I could put a value on the worries of the 2018 model year (42K miles) vs the ones they figured out in 2020.
