Resale value of Ford Kuga plummets following fires fiasco
Sellers say even dealers are offering less than book value for trade ins, and that private buyers are either too scared to purchase the cars or want to exploit fire fears
The flurry of Ford Kugas which have self combusted on SA’s roads have spooked owners of the family SUV‚ who fear that they will not be able to resell their cars. "Its terrible. I am so scared that my car is a ticking time bomb‚" said Doris Tshabalala. The mother of two said she had begun looking to sell her car following reports about the 2013-2014 Ford Kuga 1.6 Ecoboost models catching fire for as yet unconfirmed reasons. "I love it and we bought it for our family car. When I started making enquiries at different motor dealerships I was laughed at." The current book value of a 2014 Ford Kuga 1.6l Ecoboost Ambiente with roughly 57,000km on the odometer‚ according to the TransUnion Vehicle Trade Value Book‚ is R199,335. Tshabalala said she had been offered R120,000 for the car. "I have looked at selling it privately‚ but people out there are either scared themselves to buy the car or are trying to exploit people’s fears." For Fiona Pelman‚ selling her car is the only option. "It is n...
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