Unlike the Tesla Model 3, Ford expecting Mach-E to depreciate rapidly

Ford Mach-E home wall charger

The Ford Mustang Mach-E hasn’t even hit the streets yet, but based on internal documents the automaker is expecting it to have very poor resale value.

Save with big discounts at your favourite Tesla accessories stores, like 10% off at Tesmanian, TesBros and Nikola Pro, plus many more. Coupon codes at DriveTeslaCanada.ca/deals.

According to a lease residual value bulletin sent to dealers in advance of the first deliveries, Ford is predicting its Mach-E to be worth just 39% of the original MSRP after three years. After four years, the number is slightly better, bottoming out at 32% among the various trim options.

Ford Mach-E lease residuals
Chart via MachEClub.com

 

These numbers are in stark contrast to Tesla Model 3 resale values, which have proven to be the best in the used car market. Earlier this year iSeeCars conducted a study on the best cars to buy new over used. The results found the Model 3 lost just 5.5% of its value after one year, or $2,529 USD.

There are a few caveats to be aware of in the comparison between the Mach-E and the Model 3. The first is the Mach-E values are based on 3 and 4 year terms, whereas the Model 3 was based on just 1 year.

The second is that the Model 3 is a sedan, and the Mach-E is an SUV. The Model Y might be better vehicle to compare against, but there is limited data available on its residual value.

According to CAREdge.com, the Model Y will be worth 58.43% of its original value after three years, and 50.04% after four years. Still quite a bit better than what Ford is anticipating.

Model Y depreciation
Chart via CAREdge.com
About Darryn 1847 Articles
Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca