Is it a good time to buy a mustang?

[Mechanic2022]

Hi guys, I’m thinking to buy a mustang and found a 2018 Kona blue ecoboost convertible (201A package) with 20k miles for $27k. Do you think it’s a good time to buy one? Will the prices drop down when the new one comes out?

please let me know what additional details I can provide about the car.

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[young at heart]

Hard to say, but since it’s only a couple weeks I might wait. That is, unless I found an incredible bargain now then I’d jump. Reality is it probably won’t make a lot of difference on the price of a 2018.

 

[Mechanic2022]

Hard to say, but since it’s only a couple weeks I might wait. That is, unless I found an incredible bargain now then I’d jump. Reality is it probably won’t make a lot of difference on the price of a 2018.

But do you think $27k is a good price?

 

[Shelbeast]

Recession and market should drop in next year. But, the chip manipulation could keep car prices up.

 

[Mspider]

anything on the used market is overpriced to some degree.

 

[Bikeman315]

But do you think $27k is a good price?

Depending on condition, transmission and other options its definitely in the ballpark.

 

[Mechanic2022]

.

 

[Bikeman315]

.

OK then, yes I think this is a fair price for this car, especially in the current market.

 

[Mechanic2022]

how much should these go for if it wasn’t a bad car market?

 

[shogun32]

You can't trust KBB's "affordability" wdges, heavily distorted.

(40.3 + 0.9) x 0.85 x 0.93^3 = 28k would be absolute max. Should be 26k.

 

[Mechanic2022]

You can't trust KBB's "affordability" wdges, heavily distorted.

(40.3 + 0.9) x 0.85 x 0.93^3 = 28k would be absolute max. Should be 26k.

What is that calculation?

you mean 26 if it wasn’t this bad car market?

 

[young at heart]

how much should these go for if it wasn’t a bad car market?

You‘re trying to pin something down way too tight that is both a totally negotiable item and also captive to the subjective whims of buyers and sellers at any given point in time. It’s impossible to pinpoint it with that much certainty. Nobody can do more than an educated guess.

Just make sure you aren’t getting totally hosed, buy the car, forget about the price and enjoy it for goodness sake. Perfection is often the enemy of good enough.

 

[Bikeman315]

You can't trust KBB's "affordability" wdges, heavily distorted.

(40.3 + 0.9) x 0.85 x 0.93^3 = 28k would be absolute max. Should be 26k.

OK, well I just used it as a ballpark. Your numbers are +/- $1k so like I said $27 is reasonable. $26k is better if there is some negotiating involved.

 

[Bikeman315]

What is that calculation?

you mean 26 if it wasn’t this bad car market?

The market is what it is. You're overthinking this. Sure if this was 2019 pre-Covid and you were looking at a 4 year old car maybe you would be looking at $23-$25k, but who knows.

If you like this car go for it. You would not be overpaying at $27k. Try for less as it can't hurt.

 

[aham23]

it really is not a good time to buy any car....that being said do what works for you.

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