The case for or against trading in 2022 for a 2023 Corsair

NJRonbo

NJRonbo

Junior Member
Joined
Jul 16, 2015
Messages
878
Reaction score
610
Points
93
There may be no exact answer to this question. It has been something that has been running through my head these past few days...

Just bought a new 2022 Corsair Grand Touring in January.

Wasn't my first choice of vehicle but I have come to really like it. My biggest regret in buying this vehicle is the outdated infotainment system.

So, I was wondering...

How much would I stand to lose for trading in this vehicle with approx. 5,000 miles for the upcoming 2023 revamped Corsair GT?

I know these cars depreciate substantially when you drive off the lot, but it seems to be a crazy market right now and I am not certain it's going to change that much by year's end. Used cars are in demand.

Would it be a smart move to even think about doing this?
 
NJRonbo said:
There may be no exact answer to this question. It has been something that has been running through my head these past few days...

Just bought a new 2022 Corsair Grand Touring in January.

Wasn't my first choice of vehicle but I have come to really like it. My biggest regret in buying this vehicle is the outdated infotainment system.

So, I was wondering...

How much would I stand to lose for trading in this vehicle with approx. 5,000 miles for the upcoming 2023 revamped Corsair GT?

I know these cars depreciate substantially when you drive off the lot, but it seems to be a crazy market right now and I am not certain it's going to change that much by year's end. Used cars are in demand.

Would it be a smart move to even think about doing this?
Click to expand...

Hi NJRonbo. You are asking for opinions, so here is one: Would it be a smart move? No. You can go broke chasing the latest tech in a new vehicles.

First, SYNC 3 is not an "outdated infotainment system". It is better than some, and bettered by others. Your main issue has seemed to be the smaller screen size, when compared to some new models, such as SYNC 4 in the new Nautilus etc. But SYNC 3's main drawback (infotainment wise) is simply a smaller screen. Yes, voice commands with SYNC 4 are more natural (like Siri/Alexa etc/). And it will also be able to receive OTA updates, which is a big plus.

However...how big a screen do we need? You sell your 2022 for a 2023. Then the 2024's or 2025's will have some other sort of SYNC 4 or other improvement. One which may or may not be up-gradable to. Like SYNC 4.X. Or even SYNC 5. Or a bigger, wall to screen/screens. Or a complete vehicle redesign.

So as I stated, my opinion is you can go broke (and would) chasing the latest fad/tech/styling in new vehicles.

Concerning trading, and losing money: Yes, you will take a hard hit. Yes, used car prices are at a premium now. However used car prices are at a premium because new car prices are at a premium. It is new car pricing that determines and sets used car pricing. So you will lose just as much money, if not more, than if you had traded in a 1 year old vehicle to purchase a new one before the pandemic.

I would offer the analogy of someone thinking it was a good time to sell their smaller house to buy a bigger one during the housing bubble. They would say..."But I can get a great price for my old house now!". The problem was, yes, they could get a great (overinflated) price for their old house. However they forgot to factor in that they were also paying a higher, even more overinflated price for the new, bigger house they had to purchase.

So yes, you can sell your 2022 for more than it would normally be worth, due to the pandemic shortages. But you will also be paying more for the 2023 than you would normally pay.

One more word of advice..If you decide to go ahead anyway...Never automatically trade-in your vehicle to a Dealer. If you are concerned about getting the most for your money, try to sell it privately first. Trading in a vehicle simply hands the Dealer more money out of your pocket. And the plus side to trying to sell privately is...If you can not sell it privately, you can still trade it in to the Dealer, sell it to Carmax etc. Whoever, offers the highest price. Also, with Dealer stock low (and premium asking prices), now often needing to factory order a new vehicle gives us plenty of time to sell our used vehicle privately and make more money.

Anyway, just my personal opinion.

Keep us updated and good luck.
 
Last edited:
Opinion - I overcame the biggest shortfall on the infotainment by adding a $100 wireless adapter - I now enjoy instant connection to Apple's Carplay with Siri at the touch of the steering wheel button and Waze (with traffic and police alerts) as my navigation.

Grab a quick sell value from Carmax. They don't pester you after asking. When looking to sell my VW EOS back in September, of all the online service and a local dealer, they gave me the best number by 30% - I used that figure as my base and then sold to a friend.

However, thinking like you that used cars were in high demand, I checked Carmax a month after I bought my Corsair (<1000 miles) and to my surprise they offered almost $10K less than I paid for the Corsair.

This article from Ford Authority speculates about the "refresh" on the Corsair and a hybrid only version (what? I love the plug in feature), and some hands free improvements ("this Corsair prototype also has a noticeable front protrusion that could possibly indicate that the 2023 refresh will introduce Lincoln’s ActiveGlide hands-free highway driving technology") but nothing to make me jump to a new model - yet...
 
Last edited:
Thanks for the feedback, guys, as always. You both are always willing to give a thorough, insightful response.

I'm listening here. Just thoughts going through my head. Just for kicks, I'll look at the Carmax value at the end of the year when the 2023 models go on sale, but I am sure I'll take a considerable hit.

And if Lincoln tosses the plug-in feature (which doesn't make sense since they are moving all-electric), it won't make sense at all to upgrade.

And, I did overcome the biggest obstacle to the infotainment system, like Pabaldeagle did, by purchasing a wireless CarPlay adapter. It works beautifully and I chuckle to myself nearly every time I get into the vehicle, start it up with the phone in my pocket, and CarPlay is on the screen.
______________________________
 
Hi gang. Just to avoid any confusion: If the article is reread more carefully, it does not state or infer that the PHEV (plug-in) model is being eliminated. It states that the Hybrid would be an addition to the current lineup, while Lincoln moves to an all-electric lineup in the future.

Good luck.
 
Last edited:
Yep. Never said PHEV eliminated. Likely all ICE will have some hybrid added. Makes sense!
 
NJRonbo said:
There may be no exact answer to this question. It has been something that has been running through my head these past few days...

Just bought a new 2022 Corsair Grand Touring in January.

Wasn't my first choice of vehicle but I have come to really like it. My biggest regret in buying this vehicle is the outdated infotainment system.

So, I was wondering...

How much would I stand to lose for trading in this vehicle with approx. 5,000 miles for the upcoming 2023 revamped Corsair GT?

I know these cars depreciate substantially when you drive off the lot, but it seems to be a crazy market right now and I am not certain it's going to change that much by year's end. Used cars are in demand.

Would it be a smart move to even think about doing this?
Click to expand...
Just keep in mind that Ford/Lincoln just announced the cancellation of the Edge and Nautilus and said they want to only sell and build EVs. Ford has said 2023 will be the last model year for most ICE-based vehicles. 2024 will be the factory floor conversion to EV production. Lincoln has claimed they will attempt to convert many of their lineup to EV by 2027. If so, why would they bother puting Sync 4 in any current vehicle that does not already support it?
 
PaddyH01 said:
Just keep in mind that Ford/Lincoln just announced the cancellation of the Edge and Nautilus and said they want to only sell and build EVs. Ford has said 2023 will be the last model year for most ICE-based vehicles. 2024 will be the factory floor conversion to EV production. Lincoln has claimed they will attempt to convert many of their lineup to EV by 2027. If so, why would they bother puting Sync 4 in any current vehicle that does not already support it?
Click to expand...
Hi Paddy. All reliable automotive sources state that the Corsair will receive SYNC 4 for the 2023 model year refresh. Just two examples below:

fordtips.com - fordtips Resources and Information.

fordtips.com is your first and best source for all of the information you’re looking for. From general topics to more of what you would expect to find here, fordtips.com has it all. We hope you find what you are searching for!
www.fordtips.com www.fordtips.com

After all, Lincoln still needs to sell vehicles until the switch over to all-electric occurs. And that will not occur for at least several more years, at the earliest. In the meantime, offering/selling stale and outdated vehicles would not be a good idea. And it would certainly harm the Lincoln name.

Good luck.
______________________________
 
bbf2530 said:
Hi Paddy. All reliable automotive sources state that the Corsair will receive SYNC 4 for the 2023 model year refresh. Just two examples below:

fordtips.com - fordtips Resources and Information.

fordtips.com is your first and best source for all of the information you’re looking for. From general topics to more of what you would expect to find here, fordtips.com has it all. We hope you find what you are searching for!
www.fordtips.com www.fordtips.com

After all, Lincoln still needs to sell vehicles until the switch over to all-electric occurs. And that will not occur for at least several more years, at the earliest. In the meantime, offering/selling stale and outdated vehicles would not be a good idea. And it would certainly harm the Lincoln name.

Good luck.
Click to expand...
Sadly, the article you reference was from Nov 2021, several months now after Ford announced their move to cancel certain cars and move production of others out of Canada and Mexico and put their money into EVs. Things have changed in the last few months.
 
Last edited:
Hi NJRonbo. Oh...forgot...just to be clear...let me add one thing to my first reply concerning whether selling your 2022 Corsair to get a 2023 Corsair with SYNC 4 would be worth the not-insignificant cost: I want to make it clear that SYNC 4 is a major upgrade over SYNC 3.
OTA updates for major vehicle systems, wireless CarPlay/Android Auto, better voice control integration etc. are all major upgrades/improvements.

It is simply my opinion that it would not be worth the cost, when you are already driving a new vehicle which you just purchased ~two months ago.

I just don't want anyone thinking I feel SYNC 4 is not a major upgrade. It is. I just feel we can go bankrupt and crazy chasing the latest new thing in the automotive world. It's just not worth it.

Good luck.
 
PaddyH01 said:
Sadly, the article you reference was from Nov 2021, several months now after Ford announced their move to cancel certain cars and move production of others out of Canada and Mexico and put their money into EVs. Things have changed in the last few months.
Click to expand...
Hi Paddy. Gee, why did I know you would say that. ;)

You are confusing public announcements with what the company already knows in-house. Things have not changed that much, and an all EV lineup is years away.

SYNC 4 will be in the 2023 Corsair.

Good luck.
 
bbf2530 said:
Hi Paddy. All reliable automotive sources state that the Corsair will receive SYNC 4 for the 2023 model year refresh. Just two examples below:

fordtips.com - fordtips Resources and Information.

fordtips.com is your first and best source for all of the information you’re looking for. From general topics to more of what you would expect to find here, fordtips.com has it all. We hope you find what you are searching for!
www.fordtips.com www.fordtips.com

After all, Lincoln still needs to sell vehicles until the switch over to all-electric occurs. And that will not occur for at least several more years, at the earliest. In the meantime, offering/selling stale and outdated vehicles would not be a good idea. And it would certainly harm the Lincoln name.

Good luck.
Click to expand...
______________________________
 
JB IN AZ said:
And yet my STUPID dealer wanted more tan $3,000 OVER MSRP for a left over 2021 Corsair Reserve! They have lost a long time customer. Perhaps the dealer as well as Lincoln.
Click to expand...

Hi JB. Yes, it is ironic that so many members here who are recently purchasing, even most members recently purchasing, are complaining about having to pay MSRP and above, yet that article claims the average transaction price for Lincolns is ~$510 below. And even that amount is still far above what the ATP's were before the pandemic.

The other thing to keep in mind with loose informational articles like that, is that the "MSRP" is the suggested price for what the Dealer sells a vehicle for. MSRP or whatever a Dealer charges above MSRP is not what Lincoln makes from the sale.

The best thing anyone can do during these times, is to factory order their new vehicles. Dealers are charging what the market will bear for stock vehicles, even leftovers, because there are always people who will pay, out of necessity or inexperience.

And keep in mind that due to automotive franchise laws in the US, automakers have very little control over what Dealers charge for their vehicles. You'll get the same treatment nowadays form any brands Dealer. However, it is not Lincoln's/Cadillac's/BMW's/Mercedes/Honda's/Toyota's etc. etc. fault that Dealers are charging far over MSRP.

Good luck.
 
Last edited:
bbf2530 said:
Hi JB. Yes, it is ironic that so many members here who are recently purchasing, even most members recently purchasing, are complaining about having to pay MSRP and above, yet that article claims the average transaction price for Lincolns is ~$510 below. And even that amount is still far above what the ATP's were before the pandemic.

The other thing to keep in mind with loose informational articles like that, is that the "MSRP" is the suggested price for what the Dealer sells a vehicle for. MSRP or whatever a Dealer charges above MSRP is not what Lincoln makes from the sale.

The best thing anyone can do during these times is factory order their new vehicles. Dealers are charging what the market will bear for stock vehicles, even leftovers, because there are always people who will pay, out of necessity or inexperience.

And keep in mind that due to automotive franchise laws in the US, automakers have very little control over what Dealers charge for their vehicles. You'll get teh same treament nowadays form any brands Dealer. However, it is not Lincoln's/Cadillac's/BMW's/Mercedes/Honda's/Toyota's etc. etc. fault that Dealers are charging far over MSRP.

Good luck.
Click to expand...
I am NOT blaming Lincoln. I am blaming the dealer...which ultimately effects Lincoln. I am sure I am not the only educated buyer who refused to pay this extortion. There are other dealers, all within a very short distance from this one who are selling at MSRP. Really sad that this dealer has lost a good customer...and has caused Lincoln to lose this one as well.
______________________________
 
To be honest I don't know anyone who isn't paying msrp if not more if they want one off the lot as at least the dealers around me don't have any to sell. Good example is my dealer literally has one on the lot and its not a desirable configuration. I really don't get that article or where people are even finding below msrp vehicles for purchase.
 
Last edited:
JB IN AZ said:
I am NOT blaming Lincoln. I am blaming the dealer...which ultimately effects Lincoln. I am sure I am not the only educated buyer who refused to pay this extortion. There are other dealers, all within a very short distance from this one who are selling at MSRP. Really sad that this dealer has lost a good customer...and has caused Lincoln to lose this one as well.
Click to expand...

Hi JB. My reply was only meant to be informational, not an accusation. And I absolutely was not defending the treatment your Dealer gave you.

It was meant to point out the general fact that we will get the same treatment from the Dealers for any and all manufacturers right now (well, except maybe Alfa Romeo...lol), as that article pointed out.

So our current reality is...Before any of us decide to never buy a Lincoln again because of Dealer pricing tactics, we need to realize that we will get the same treatment right now from any and all Dealerships. That goes for Cadillac, BMW, Mercedes, Chevy, Ford, Honda, Toyota, Hyundai etc. etc.

Personally, there is no way I would purchase a new vehicle right now, unless I had absolutely no choice and needed the transportation to work and live. It's a sellers market. And we should never buy during a sellers market unless we have no choice and absolutely must.

Hope that explains my reply a little better.

Good luck. 🍻
 
Last edited:
If it makes you feel better a bmw I recently looked at to possibly replace my conti was 5k over msrp and it was picked up right after I said no. So people are definitely paying these crazy markups.
 
Last edited:
I paid MSRP for a new '22 Toyota Highlander Hybrid Platinum in January, and do not like it. (yes, my fault!) The Acura dealer is also selling at MSRP, as are two local Honda dealers ,and a Lincoln dealer 100 miles away. (I choose to buy from local dealers)

It looks like I will be buying the '22 Acura RDX Advance which is expected to arrive at the dealer between 3/13 and 3/18.

BTW, I just checked the local Lincoln dealer, and they have five Corsairs IN STOCK, and on the ground, including the one I tried to buy a few weeks ago, and three other '21's. It is MARCH 2022 now! (all three 21's Reserves, and one Standard...the '21 Reserve I tired to buy landed in their inventory in mid November!)
 
You must log in or register to reply here.
Great products:
- VIN Check
- Windshield repair kit
- Clean your leather!
- Safe Emergency Charging
- Chemical Guys HydroSpeed Ceramic Quick Detailer
- Chemical Guys HydroCharge High-Gloss Hydrophobic SI02 Ceramic Spray Coating
- Get a dash cam!
- Auto Buyers Market
- Foreign invaders vs USA gangs

Cars Connected in the Apple App Store Cars Connected in the Android App Store
Clip Cue Studio - Your professional agent for video planning and scripting!
Hot or not?
Protect your vehicle from code scanners #ad

Share this page

Back
Top