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Need advice on MKZ buying decision


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6 replies to this topic

#1 hitops

hitops

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Posted 24 October 2017 - 10:48 AM

I'm in Canada, and I'm new to lincoln.  Looking for advice regarding the value of keeping vs trading an MKZ. 

 

I just bought a used 2015 MKZ FWD base with 18,000 km (11,184 miles) through a private sale for $21,000 ($16,577 USD).  Rides really great, and I love it.  Because of buying private, have not paid tax.  I will have to pay 6% PST when I register it, which I have about a week to do (at which point temporary insurance and registration run out and it needs a permanent plate).

 

I have the option to trade it before then (and avoid paying the tax), for a used 2017 with 10,000 km (6213 miles) that I like quite a bit better at a dealer (reserve, driver package, luxury package, multi contour seats, 3.0T, AWD, apple car-play, new front end etc etc) but which is also quite a bit more expensive at around $48,000 ($37,902 USD) + 11% tax (pay more tax when buying through dealer vs private).  This vehicle was MSRP $67,000 ($52,928 USD) when new.  I don't know yet how much they will credit me for the 2015.

 

I'm looking at the value proposition.  On the one hand, if I make the trade now vs wait for other used 2017's later, I can avoid paying tax twice (would be about $1000 to permanently plate the 2015), and I can probably get significantly more for the 2015 than I paid, judging by current comparable listings.  On the other, I suspect that in 6 to 9 months, a 2017 3.0T might be significantly cheaper than today, probably a lot more than the $1000 tax I would save today, and there will be far more available (lease returns etc).  However, I think it might be hard to find another used 3.0T with as many options as the one I'm considering now.

 

What do you guys think?


Edited by hitops, 24 October 2017 - 10:51 AM.






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#2 Airflow

Airflow

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  • Current Vehicle:2017 Lincoln MKZ 3.0T AWD Driver's Package

Posted 24 October 2017 - 11:21 AM

Money is money and if you step up to the 2017 it will cost you more in the long run.  However, the 2017 with 3.0T and Driver's package is a totally different machine than the base 2015 FWD.  If you can afford it, get the 2017.  You will NOT regret it!


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#3 hitops

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Posted 24 October 2017 - 11:27 AM

Money is money and if you step up to the 2017 it will cost you more in the long run.  However, the 2017 with 3.0T and Driver's package is a totally different machine than the base 2015 FWD.  If you can afford it, get the 2017.  You will NOT regret it!

 

My thought, based largely on how much the 2015 depreciated since 2015, is that in 6 months I could get the 2017 3.0T for maybe $5000 - $10,000 less than today, but still get more for my 2015 than I paid or at minimum break even.  Is this realistic?

 

I did test drive a 3.0T and it was awesome.


Edited by hitops, 24 October 2017 - 11:29 AM.


#4 Airflow

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Posted 24 October 2017 - 11:35 AM

Maybe if the numbers turn out to work in your favor.  I doubt the 17 will be worth $10,000 less in six months though.  And then you miss out on 6 months of 400hp/400 torque fun!



#5 jm98

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Posted 26 October 2017 - 01:11 PM

Looks like you get a great deal on 2015.  If you enjoy it then keep it for few years.  It's likely to bring $10k in trade value in 2020/21.  The depreciation will slowdown and car should retain value from now on.  I am amazed how cheap three to five years old MKZs in used/pre-owned/certified market. 

 

I notice today that 2012 MKZ value are stable if you like to compare it just for research.



#6 hitops

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Posted 05 December 2017 - 07:50 AM

Looks like you get a great deal on 2015. If you enjoy it then keep it for few years. It's likely to bring $10k in trade value in 2020/21. The depreciation will slowdown and car should retain value from now on. I am amazed how cheap three to five years old MKZs in used/pre-owned/certified market.

I notice today that 2012 MKZ value are stable if you like to compare it just for research.


2018’s are at dealers now. But they still have a ton of 2017’s left over. Where are the incentives to move them? Still asking full price, same as 18’s, as far as I can tell

As a rough comparison, there are caddy's left over, and they are 11-15K reduced. I believe the GM inventive is 11K for them.

Can I expect something similar from Lincoln in the near future?


Edited by hitops, 05 December 2017 - 10:10 AM.


#7 JeffASfBay

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Posted 07 December 2017 - 08:14 PM

2018’s are at dealers now. But they still have a ton of 2017’s left over. Where are the incentives to move them? Still asking full price, same as 18’s, as far as I can tell

As a rough comparison, there are caddy's left over, and they are 11-15K reduced. I believe the GM inventive is 11K for them.

Can I expect something similar from Lincoln in the near future?

Does KBB or Edmunds have a Canadian variant? In the US, Lincoln is offering a bit of cash (hard to fully understand due to not understanding some of the lingo). But what we (US market) do have is a decent selection of used, low mileage 2017 MKZ's (unfortunately though, not many 3.0T AWD versions).








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