Would never consider a Fiesta. Focus, maybe. But just like Golfs they’re way overpriced and I reckon it’s got to do with the masses of people that are willing to pay silly money for them because of their die hard VW fan friend or Ford friend (of which each person probably knows a few, I certainly do).
Try thinking more generally about the price of things, cars are weird when it comes to value.
You pay £30k for a brand new car, in 3 years time it will still in essence be a perfectly good new car but is now only worth £12k
Buy a £30k piano, in 3 years time it will still be worth £25-30k
Buy a £30k watch, in 3 years if could very easily still be a £30k Watch.
You can buy a watch for half a million quid, enough to buy a large 4-5 bedroom house. Yet the amount of work that goes into a watch compared to the amount of materials and work that goes into a car, how can you justify £500k on a watch? The simple answer is you can’t. The reason the price of anything is what it is, is simply that’s what someone is willing to pay. A half million point watch doesn’t have half a million pounds more worth of materials and work go into it, even compared to say a £10k Rolex with gold and diamonds, but it’s worth that much because some one will pay a higher amount.
The flip side of that is the price of something will keep dropping till it reaches a level that is attractive to a buyer, Fiestas and golfs will sell all day everyday because that’s what people want and are willing to spend their money on, you may think they are over priced but that is only in your eyes. Not the eyes of the people buying them.
Simply put, if a car is cheap then it’s because people don’t want it.