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Buying Used 2018 - Good deal?

Rodpwnz

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Hi guys!

I'm a new member to the forums and the world of mustangs. I'm currently driving a 2009 MB C300 and have been itching for something sportier and more powerful for a while now. My family and I have mostly only ever owned German or Japanese for the past 30 years so this would be something different. I was actually looking at BMW M240i's at first but a friend convinced me to try the GT. Both are loads of fun to drive, especially the low end TQ on the BMW but the sound and feel of the V8 is what sold me. I plan on keeping the car for a couple years or so - not long term like my current mercedes. Might eventually get on that BMW B58 inline 6 turbo after the stang...or maybe not :wink:


I'll be daily driving in rush hour traffic and occasionally tracking the GT, and want something with all the creature comforts my merc had. Don't want a convertable, not a fan of the soft top look. For sure the 10 speed for traffic, performance and ease of use. I want the Magnaride for the rough CA roads and performance, PP1 for performance and magnaride. Premium package for the leather seats, creature comforts and android auto. Digital dash is cool, so is active exhaust but neither are necessary to me. Would rather have active exhaust over dash tho. Also all the cars my fam has are on the grey scale - would be really cool to get an Orange, red or blue stang. I want used 2018 for the cost savings and updated features, I don't care about having a new car as long as its in good condition. However, it's really hard to find a 2018 GT with all these options since most leases are 3 year 36 month and anything else on the market is a premium 1 rental.

So here I am about to pull the trigger on a grey 2018 PP1, premium mustang GT 10speed with digital dash and magnaride. I drove it and it was just as awesome as the other 2018 GT's I've driven. Has over a year of bumper to bumper warranty and over 3 years of powertrain warranty left. Meets all my required packages and even has the digital dash as well. This is all great right? I found it on craigslist from a small one man operation used car dealership in my area. I was told by the salesguy that it was a 2 year lease and previously wrapped. My fam, friends and I always buy from an authorized dealer so this is uncharted territory for me.

I have some hesitations with the car though. He(salesguy) unwrapped it himself, and the paint looks mostly good but left some paint chips near the GT badge - probably when removing the wrap. The paint also has tape residue on it still in some places. On the test drive there was a slight rattle in the shift knob area and the sales guy said that the dealer would easily fix it under warranty. It took almost a decade for my mercedes to develop any rattles. The stang has 24k miles on it - I figured this was actually a 3 year 36 month lease with 8k miles allowed a year for a total of 24k miles over 3 years. So maybe the leaser wrapped it, and drove it a bunch within 2 years to the point where they hit the mileage limit. The front tires are continentals and he replaced the rears with new michelins since the rears were super worn.

He wouldn't go below $34.5k for the car...is this a good deal? Most Gt premiums in my area with half the miles go for $30kish. I'm in no rush to buy an new car since my current one works well, but I've been looking for months and this is the only one in my area with all the options I wanted. I'm thinking I could wait another year for all the 3 year leases to end and I would have a lot more options for 2018 GTs. If the new S650 is really delayed past 2021, the 2018 won't be the old body style either so thats a plus.

What are your thoughts on this guys? I'm going to call the salesguy to see if he could move a little more on the price.


Thanks! :like:
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ihc95

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$35k is a lot of money for a 2 year old GT with 24k miles. You can get a brand new Premium w/ 10 speed for that. It probably won't have Magneride and/or digital dash, but I'd much rather have a new car than those features.
 

lacanteen

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Look for left over new 19s. The deals will get better as time goes on.
 

Stang 19

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Hey, if you are ok with 6 speed manual, get the PPL2... if you equip it with the 401a you will have a track car plus a very comfortable Street cruiser the transmission actually is very easy to drive in traffic please test drive you’ll see ! Send me a PM and ill share lots more...
 

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I can’t say it’s a good deal.

I paid significant less than that for my car new. 18 301a A10 no other options. Mine is prob worth 22-25k now.

I would say 29-31k would be a fair deal. New that car was prob mid 40s.
 

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Bikeman315

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I have some hesitations with the car though. He(salesguy) unwrapped it himself, and the paint looks mostly good but left some paint chips near the GT badge - probably when removing the wrap. The paint also has tape residue on it still in some places. On the test drive there was a slight rattle in the shift knob area and the sales guy said that the dealer would easily fix it under warranty.
You just answered your own question. You have no history on this car and your buying from a one man used car dealer. You really do not know if you have a warranty or not. All that and the price is to high. STAY AWAY!!!!!!!!!
 
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Rodpwnz

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$35k is a lot of money for a 2 year old GT with 24k miles. You can get a brand new Premium w/ 10 speed for that. It probably won't have Magneride and/or digital dash, but I'd much rather have a new car than those features.
I'm in the SF bay area and over here car prices are ridiculous. I sat with the dealer in the back room making a deal and the absolute lowest they went for a 2019 PP1, premium with active exhaust and 100 miles was $42k. This is on a 2019 model that has been sitting while 2020's are already on the lot...The $42k car MSRP'd at $48k


Look for left over new 19s. The deals will get better as time goes on.
I was hoping so but the selection on 2019's is dwindling, and with the prices I'm seeing it's not very enticing compared to a used 2018. But you're right, I could always keep looking.

Hey, if you are ok with 6 speed manual, get the PPL2... if you equip it with the 401a you will have a track car plus a very comfortable Street cruiser the transmission actually is very easy to drive in traffic please test drive you’ll see ! Send me a PM and ill share lots more...
Sorry, as much as I want to, I can't do the 6 speed. I've only ever driven stick on my friends cars and I'm beginner level. Besides, with the stop and go traffic I deal with, its not going to be fun rowing for almost 2 hours a day at 5 mph.

I can’t say it’s a good deal.

I paid significant less than that for my car new. 18 301a A10 no other options. Mine is prob worth 22-25k now.

I would say 29-31k would be a fair deal. New that car was prob mid 40s.
Yeah I see alot of premium GT verts no pp with 10-15k miles for around $30k - too bad I don't want the vert and I really want the options...

You just answered your own question. You have no history on this car and your buying from a one man used car dealer. You really do not know if you have a warranty or not. All that and the price is to high. STAY AWAY!!!!!!!!!
Yeah, maybe this isn't the way the to do it. I'll see what else I can find, its just within months of looking - this is literally the only GT I've found in the entire state of CA that has all the options I want, especially magnaride. I could always ask the dealer if the car is still under warranty before I buy - I see no reason why it still wouldn't be.


BTW guys, I spoke to him and he went down to $34K flat - He promised to fix the rattle and get a paint touch up kit for the paint chips.

I told him I would let him know if I'm buying by tomorrow. So far, I'm leaning towards not getting it...:computerrage:

Just hope I don't regret passing on a car that has all the options I wanted...:whew:

Thanks for all your help and advice so far guys!
 

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Hi guys!

I'm a new member to the forums and the world of mustangs. I'm currently driving a 2009 MB C300 and have been itching for something sportier and more powerful for a while now. My family and I have mostly only ever owned German or Japanese for the past 30 years so this would be something different. I was actually looking at BMW M240i's at first but a friend convinced me to try the GT. Both are loads of fun to drive, especially the low end TQ on the BMW but the sound and feel of the V8 is what sold me. I plan on keeping the car for a couple years or so - not long term like my current mercedes. Might eventually get on that BMW B58 inline 6 turbo after the stang...or maybe not :wink:


I'll be daily driving in rush hour traffic and occasionally tracking the GT, and want something with all the creature comforts my merc had. Don't want a convertable, not a fan of the soft top look. For sure the 10 speed for traffic, performance and ease of use. I want the Magnaride for the rough CA roads and performance, PP1 for performance and magnaride. Premium package for the leather seats, creature comforts and android auto. Digital dash is cool, so is active exhaust but neither are necessary to me. Would rather have active exhaust over dash tho. Also all the cars my fam has are on the grey scale - would be been really cool to get an Orange, red or blue stang. I want used 2018 for the cost savings and updated features, I don't care about having a new car as long as its in good condition. However, it's really hard to find a 2018 GT with all these options since most leases are 3 year 36 month and anything else on the market is a premium 1 rental.

So here I am about to pull the trigger on a grey 2018 PP1, premium mustang GT 10speed with digital dash and magnaride. I drove it and it was just as awesome as the other 2018 GT's I've driven. Has over a year of bumper to bumper warranty and over 3 years of powertrain warranty left. Meets all my required packages and even has the digital dash as well. This is all great right? I found it on craigslist from a small one man operation used car dealership in my area. I was told by the salesguy that it was a 2 year lease and previously wrapped. My fam, friends and I always buy from an authorized dealer so this is uncharted territory for me.

I have some hesitations with the car though. He(salesguy) unwrapped it himself, and the paint looks mostly good but left some paint chips near the GT badge - probably when removing the wrap. The paint also has tape residue on it still in some places. On the test drive there was a slight rattle in the shift knob area and the sales guy said that the dealer would easily fix it under warranty. It took almost a decade for my mercedes to develop The car has 24k miles on it - I figured this was actually a 3 year 36 month lease with 8k miles allowed a year for a total of 24k miles over 3 years. So maybe the leaser wrapped it, and drove it a bunch within 2 years to the point where they hit the mileage limit. The front tires are continentals and he replaced the rears with new michelins since the rears were super worn.

He wouldn't go below $34.5k for the car...is this a good deal? Most Gt premiums in my area with half the miles go for $30kish. I'm in no rush to buy an new car since my current one works well, but I've been looking for months and this is the only one in my area with all the options I wanted. I'm thinking I could wait another year for all the 3 year leases to end and I would have a lot more options for 2018 GTs. If the new S650 is really delayed past 2021, the 2018 won't be the old body style either so thats a plus.

What are your thoughts on this guys? I'm going to call the salesguy to see if he could move a little more on the price.


Thanks! :like:
Make Sure to get car fax.the only way that car winds up at an Indy lot is the dealers didn't want it,and it went thru auction to this guy.maybe the wrap scared them
Who knows
 

Ecoboosted

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Find the exact car you want out of state and fly out to get it. The dealer will pick you up at the airport. You get to know the car while you drive it home.
 
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Rodpwnz

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Make Sure to get car fax.the only way that car winds up at an Indy lot is the dealers didn't want it,and it went thru auction to this guy.maybe the wrap scared them
Who knows
It was exactly that, the wrap scared them. It was a metallic-rainbow wrap - the sales guy told me he unwrapped it because it was attracting the wrong type of customers and because he wanted to be sure the paint wasn't damaged. To be honest this one man operation seems less sketchy compared to some of the other used car salesmen I've seen. He printed out the entire Carfax history for me and even warned me that sometimes insurance companies don't report previous accidents for months so even a Carfax can be out of date... and lots of dealers will use Carfax dated from months ago to further take advantage of this. Lol seemed kinda counter intuitive to tell me that - I was thinking that there wasn't anything stopping him from pulling the same stunt on me. He wanted to show me he's not out to get me by giving me a fresh, same day Carfax report.

Find the exact car you want out of state and fly out to get it. The dealer will pick you up at the airport. You get to know the car while you drive it home.
Depending on how far that state is, this may not be feasible for me. Besides, I'd rather avoid a car that was ever on any salted roads, exposed to heavy humidity or to extreme hot/cold. Aka AZ,TX or any east coast state.

But I'm still looking Nationwide too! Found some really cool colors in other states!

Mustangs GTs are popular cars! Everyone must love them and want to keep them if they aren't flooding the market.
 

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Dadillac

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I'm in the SF bay area and over here car prices are ridiculous. I sat with the dealer in the back room making a deal and the absolute lowest they went for a 2019 PP1, premium with active exhaust and 100 miles was $42k. This is on a 2019 model that has been sitting while 2020's are already on the lot...The $42k car MSRP'd at $48k




I was hoping so but the selection on 2019's is dwindling, and with the prices I'm seeing it's not very enticing compared to a used 2018. But you're right, I could always keep looking.



Sorry, as much as I want to, I can't do the 6 speed. I've only ever driven stick on my friends cars and I'm beginner level. Besides, with the stop and go traffic I deal with, its not going to be fun rowing for almost 2 hours a day at 5 mph.



Yeah I see alot of premium GT verts no pp with 10-15k miles for around $30k - too bad I don't want the vert and I really want the options...



Yeah, maybe this isn't the way the to do it. I'll see what else I can find, its just within months of looking - this is literally the only GT I've found in the entire state of CA that has all the options I want, especially magnaride. I could always ask the dealer if the car is still under warranty before I buy - I see no reason why it still wouldn't be.


BTW guys, I spoke to him and he went down to $34K flat - He promised to fix the rattle and get a paint touch up kit for the paint chips.

I told him I would let him know if I'm buying by tomorrow. So far, I'm leaning towards not getting it...:computerrage:

Just hope I don't regret passing on a car that has all the options I wanted...:whew:

Thanks for all your help and advice so far guys!
Same as here in New Jersey. I always read on car forums on how folks get unbelievable deals on cars. Those prices can not be had in NJ. Sometimes you just gotta say screw it and buy it and be happy. Example. I just bought a left over 2018 Ecoboost Premium plus. Dealer had it on their lot for 15 months. Best I could do, even after explaining how they need to sell this car more than I need to buy it, was $7500 off sticker. That is an absolute steal in NJ. Car dealers here have the mentality that they want to make big money on every car they sell instead of making it in volume. Anyway I just said screw it and bought it. That same car somewhere else in USA would probably heave been about $2000 cheaper. But what can you do

Don
 
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Rodpwnz

Rodpwnz

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Here is an image of the window sticker:
http://imgur.com/a/uByilYI

Please disregard the OTD pricing lol - my OTD will be slightly less since I negotiated more.

arpIk0D.webp

 
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Rodpwnz

Rodpwnz

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Same as here in New Jersey. I always read on car forums on how folks get unbelievable deals on cars. Those prices can not be had in NJ. Sometimes you just gotta say screw it and buy it and be happy. Example. I just bought a left over 2018 Ecoboost Premium plus. Dealer had it on their lot for 15 months. Best I could do, even after explaining how they need to sell this car more than I need to buy it, was $7500 off sticker. That is an absolute steal in NJ. Car dealers here have the mentality that they want to make big money on every car they sell instead of making it in volume. Anyway I just said screw it and bought it. That same car somewhere else in USA would probably heave been about $2000 cheaper. But what can you do

Don
Yeah we're in the same boat :asshat:. If you really want to feel my pain, check out the OTD costs after CA taxes and fees...:puke:
 

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He wouldn't go below $34.5k for the car...is this a good deal? Most Gt premiums in my area with half the miles go for $30kish.
On that observation alone, it's a lousy deal.
Options are only worth 40 cents on the dollar at best. Use autotrader, cars.com, cargurus and spend a few days looking around while casting a wider net. Since you're in CA life will be simpler to stay within the state instead of having to get a new car from out of state smogged and such. But if the deal is good enough...
 
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Rodpwnz

Rodpwnz

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On that observation alone, it's a lousy deal.
Options are only worth 40 cents on the dollar at best. Use autotrader, cars.com, cargurus and spend a few days looking around while casting a wider net. Since you're in CA life will be simpler to stay within the state instead of having to get a new car from out of state smogged and such. But if the deal is good enough...
I've been looking for months, nothing comes close to having all these features at this price point. New 2019 would have been $42k before tax and that was missing the digital dash and magnaride. I found a PP1 premium GT digital dash for $35k or less with 600 miles in red and I'm tempted but I think I'm going to wait some more.

Do you guys think within the next 3-6 months there will be off lease 2018 GT's with the options I want? Is this how it works? When the 3 year leases are up, does the market get flooded with off lease vehicles?
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