Resale value....ouch

[Bald Menace]

I traded my loaded 2016 Scat Pack in on my new 2018 GT. The Scat stickered at 48k and had 3500 miles when traded in and the best offer i got was 33k.

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[randotheking]

Anyone who buys a new S550, base or top of the line Shelby (or insert other “packaged” S550’s here) as any sort of investment or thinks they will get top dollar on a trade is dreaming.

Question this:
Why would anyone pay $40k for a base GT w/400+HP or $50K+ for what is still a boxed GT w/some options and still 400+HP, when you can get an 800hp GT from Lebanon Ford for $39k....

http://www.lebanonford.com/lfp-800hp-mustang.htm

Beechmont Ford as well

 

[randotheking]

Keeping my miles low will help me get an extra couple grand. I don't see this being my final Mustang, I hate black paint now. Thankful I can car pool to work

 

[Arthonon]

I would be interested to see what the market thinks but I doubt you will actually get 25k for a used 2014 Mustang GT.

I don't know what it would sell for retail, but I just got an offer to sell my 2014 GT to a dealer for $20K, so retail would have to be somewhere above that.

 

[NoVaGT]

Mustang's re-sale value is fine, mines worth more than I owe on it.

 

[Fatguy]

Just as a lark I checked the asking prices at CarMax vs. what I paid and they are almost the same. Adjusting for some haggling down and it’s still good, the base Mustangs seem to hold their value best. Who would have known but I didn’t check the base GT prices.

I would suspect the premium cars suffer the most as options are a rip off and worthless at resale. PP packages probably worthless or even degrade the resale price. Stripes and fancy paint similarly worthless at resale I would suspect.


Don’t even ask about magneride.

 

[2018OFPP1?2]

Anyone who buys a new S550, base or top of the line Shelby (or insert other “packaged” S550’s here) as any sort of investment or thinks they will get top dollar on a trade is dreaming.

Question this:
Why would anyone pay $40k for a base GT w/400+HP or $50K+ for what is still a boxed GT w/some options and still 400+HP, when you can get an 800hp GT from Lebanon Ford for $39k....

http://www.lebanonford.com/lfp-800hp-mustang.htm

Because I don't live in Ohio, and that car isn't smog legal in Cali :shrug:

Oh yeah, I also don't want a base gt

 

[MyFirst5.0]

I knew the Mustang's resale value was bad but when checking out used 392 challengers (love them lately esp low end torque and gearbox) i turned to the internet to see what my GT's worth.

Not much. But the Camaro and Challengers seem to hold their price better.

Oh well...keeping the Mustang then.

so what did they offer you?

 

[youra6]

Because I don't live in Ohio, and that car isn't smog legal in Cali :shrug:

Oh yeah, I also don't want a base gt

Exactly with 800hp you definitely don't want to be in the stock brakes, tires, half shafts, etc.

Its gonna end up costing way more than 39k anyways.

 

[CVCashmere]

What he said.

3 Years Left on the car payment. Then...I will entertain the idea of a new one.

CVCashmere

Keeping mine until it's paid off and then some.

 

[CarGuy85]

It seems that the value issue is plaguing the S550 only. My 2014 GT Premium had a window sticker of $36k. As everyone knows, there were incentives on the '14s just like there are on the newer cars, so I didn't pay MSRP. It seems that after 4 years, the '14 GT may still be worth around $25k in the retail world. I don't know what trade in value on that car is, but at retail, it's holding its value well.

On the other hand, my '17 GT Premium had a $44k MSRP and I'm seeing trade offers in the $28-30k range. I can probably get more on a retail sale, but not sure how much.

Can I ask how many miles do you have on your GT? I was looking to pick up a '14 GT Premium w/ the track pack. It has only 20K miles on it and the dealer won't budge from the 26K asking price.

 

[Fatguy]

Mustang resale...


[ame="[MEDIA=youtube]6WeBzQJK8Zo[/MEDIA]"]


Long story short it dropped 44% in three weeks.

 

[TomcatDriver]

Mustang resale...





Long story short it dropped 44% in three weeks.

CARMAX lowballs pretty much everything. They make money by making it easy, not cheap. While they offered $28K for a 2018, they are selling 2017s with 10K miles for $29K. Doug DeMuro has done a whole string of cars on Carmax. They always offer wholesale price.

 

[Rebellion]

Mine was 29k, without putting recaros and black accent on the price. I really don't expect much resale money in return.

I plan to keep it until it absolutely goes to hell, which at my current rate of driving will take forever (retired from daily duties)...or maybe after 2 kids. I don't even have one yet, already have a recaro child seat planned on my "mod list." :cheers:

 

[2018OFPP1?2]

Mustang resale...





Long story short it dropped 44% in three weeks.

Anyone who thinks they're getting anywhere near FMV from a dealer needs to step away from the pipe!

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