I agree you will get a bigger tax deduction by donating to cars for kids. I am spending $3000 + on my 09 accord to fix it up for my granddaughter. It is mechanically sound. It needs a Catalytic converter and a tune up. Worth more to my granddaughter than a trade in.
When I bought my Mav back in March,the dealer had an incentive of $2500 minimum for your trade. I had a 94 Ranger with 353,500 miles; radio and A/C didn’t work. Turn signals quit working about a year earlier which was frankly unsafe for me drive around in. I developed a really bad oil leak about two months earlier and realized it was time for a new truck.
Don't let my comment affect your decision, I really like my Maverick, I was just hoping to avoid the battery harness issue as Ford chose not to proactively address this problem, rather wait until customers get stranded and require a tow. This can be much more than a nuisance issue, especially as some have waited weeks or longer for parts.
I certainly don't want to wait a year for a maverick, but I can. I might pay $2,000 over if a dealer had what I wanted now, but not more than that. It won't be long before supply catches up with demand.
For sure, however IRS forces people to take RMD from retirement accounts every year starting in your early 70's so it won't sit there growing tax free forever. We figure those accounts will mostly be spent on old age care as needed, so at least there is that. I do joke about my plans for taking some stuff with me though: This year I bought my new Maverick, a new dirt bike and a new trailer to haul behind my Maverick. All paid for. I told my wife when my time Comes, just put me in the Maverick with trailer and bike hitched and get dozer to dig a suitable trench in the yard and roll me into my final resting place
Used vehicle prices are are tanking, and interest rates are up. The Mavericks will hold extra value longer in the market due to being "new and hot", but as those who really want them acquire them, demand will drop on them too. When the flip value is gone, so will all the multiple orders. You will be able to walk into a dealer and pay MSRP at virtually any one before 2023 is over. Interest rates are killing car sales already. The higher interest rates were needed to reel in high inflation though.
In addition, the auto micro-chip shortage seems to be easing. XLT Lux, Lariat Lux, CP360 and WiFi hot spot were all constrained for 22s due to chips. None are constrained this year.
Used vehicle prices have been dropping since July. Used vehicle prices are what's driving ADM's on new cars. Plenty of used Mavericks out there for sale, more than new actually. And soon they will be dropping in price like all the other used cars.
Non hybrids are no big deal
You can find stories both ways
