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Why so many Five Hundreds on the lots for so long?

4 messages,  Last post on Jan 20, 2009 at 12:53 PM

You are in the Ford Five Hundred/Mercury Montego Forum. Your Hosts are pat & karens

What is this discussion about? Ford Five Hundred, Mercury Montego, Car Buying, Sedan


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#2 of 4
Re: Why so many Five Hundreds on the lots for so long? [WBD] by donl1
Jan 14, 2009 (11:52 am)
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Replying to: WBD (Jan 13, 2009 5:55 pm)

As a previous owner of a 05' Five Hundred I know why they are just sitting there. I had mine less than a year and dumped it. A disappointing car in too many ways.
#3 of 4
Re: Why so many Five Hundreds on the lots for so long? [donl1] by WBD
Jan 14, 2009 (3:44 pm)
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Replying to: donl1 (Jan 14, 2009 11:52 am)

"As a previous owner of a 05' Five Hundred I know why they are just sitting there. I had mine less than a year and dumped it. A disappointing car in too many ways. "
 
Really? What kinds of issues did you have?
#4 of 4
Be careful by scottl
Jan 20, 2009 (12:53 pm)
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The Five Hundred/Montego have absolutely NO recognition among the buying public. Most were fleet cars. I bought a 2006 Five Hundred recently, and when I tell people that I bought a Ford Five Hundred, 90% have no idea what it is.
 
No recognition means no resale. Do not buy one of these cars if you plan on trading it someday, unless you want a total financial bath.
 
Buying from the dealer pretty much insures you will pay too much for one of these cars. Dealers are taking in lease returns and trying to get as close to the lease residual as they can. You are much better off finding a desperate private party owner.
 
I bought a 2006 AWD Five Hundred SE with 94K miles at an auction for $5300. Let's say you can find one with 45K miles. I wouldn't pay more than $8000 for it. Within three years the car will be worth almost nothing.
 
I love the car, but it is not a wise investment unless you get one really cheap.

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