More Ridiculous Used Mustang Prices (and a few Corvettes)

[wazslow]

Dam why is that 16 Premium GT going for $46,550 ?

Only 11k miles but Geez


Mine only has $25k. Always tempted to sell but then I think - Its kinda like the end of the world now and these things may never come back and at least I have one

Yup, that's nuts.

I'd sell the car in my sig with 21k miles and $20k worth of mods for less!

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[wazslow]

It may be a geographic thing with Ford Credit, but here you can get 0% for up to 38 months, 1.9% up to 60, 2.9% up to 72 and 3.9% for 84 (none of these apply to Mach 1/GT500), but those rates are still very attractive compared to standard used car rates of 8%

The interest rate on new vs used, financing $40,000 for either, the new car is $112 per month less. (both at 60 months)

Who is paying 8% on a used car? You would have to have bad credit to receive that rate. It's easy to get low 2% rates on used cars at 60 months.

 

[94gt]

Who is paying 8% on a used car? You would have to have bad credit to receive that rate. It's easy to get low 2% rates on used cars at 60 months.

That's FMC's standard non-incentive rate for new vehicles...I haven't shopped used in a long time, so I am just going by the difference of what they offer incentive wise vs their "standard"

 

[Cory S]

Bought my 2016 Premium 2 years ago for $24,900.00 with 19K on it.

 

[Firsttexan]

$1,000-$1,500 off is a joke. Especially when they'll add in some "doc fees" to make most of that right back up.

I got 7K off my car.

What dealership is discounting from sticker?

You asked to see who is selling below sticker. I showed there are plenty. You didn't say how much below sticker.


Even at the price they list, I think the GT is a hook. That price will change when you try to buy it.

The Ecoboost seem to be the only ones with real discounts.

I am glad I am not looking. I bought mine before things got nuts.

 

[MNstang]

Looks like I should look at selling my used car! Those prices are high!

 

[Bikeman315]

85% of car buyers are subsubsub prime....it's hilarious. Driving new cars can't even afford shoes with no holes.

Please provide the data to backup this ridiculous statement.

 

[KingKona]

Depends on what trim and options it has on it. A base GT may only have 2k of mark up on invoice. Volume dealers will typically sell at invoice to try and and hit the volume discount tiers which are usually really good and a very closely guarded secret.

None of this is happening right now. Most Mustangs are going for sticker, or slightly below at the moment.

 

[Jimmy]

You guys think these prices will hold for much longer? I wanna get rid of my 19 GT and get a beater but waiting a few months cause nobody wants to buy a muscle car when there's snow on the road.

 

[Bikeman315]

You guys think these prices will hold for much longer? I wanna get rid of my 19 GT and get a beater but waiting a few months cause nobody wants to buy a muscle car when there's snow on the road.

Well, here's mine.

Seriously, I think sooner better than later. Why? Because nobody really knows. Get online and start making inquiries. Track them week to week. You'll notice when the prices start to change, up or down.

 

[Mdtaylorjr]

None of this is happening right now. Most Mustangs are going for sticker, or slightly below at the moment.

As I said I'm not speaking out of my ass. I just purchased a 2021 last week and got $1800 off sticker and every GT they had on their lot was about the same discount. Volume dealers are still discounting because of back side deals where they get money back for selling a certain # of vehicles. Yes your local mom and pop dealer who will never sell enough to get those discounts are selling at sticker or some dealers I've seen here in Texas are adding $2500 to the sticker or they add packages like paint protection for $5k or anti theft insurance for $3k which is I see I walk away.

 

[KingKona]

As I said I'm not speaking out of my ass. I just purchased a 2021 last week and got $1800 off sticker and every GT they had on their lot was about the same discount. Volume dealers are still discounting because of back side deals where they get money back for selling a certain # of vehicles. Yes your local mom and pop dealer who will never sell enough to get those discounts are selling at sticker or some dealers I've seen here in Texas are adding $2500 to the sticker or they add packages like paint protection for $5k or anti theft insurance for $3k which is I see I walk away.

I understand that.

As I posted earlier, $1,800 off sticker (any "doc fees" in that?) isn't much of a good deal. I got $7,000 off before this whole non-sense started with COVID and chips and such.

 

[Mdtaylorjr]

I understand that.

As I posted earlier, $1,800 off sticker (any "doc fees" in that?) isn't much of a good deal. I got $7,000 off before this whole non-sense started with COVID and chips and such.

I'm not doubting your deal it's just not a normal one for a mustang. The only way I'm thinking you got that much off is if it was end of model year and there were Hella incentives. I used to work at a Ford dealer and A-plan pricing is not even that much off on a mustang. There's only about 2k-3k mark up on a mustang unless you're into mach 1 or Shelby territory.

 

[KingKona]

I'm not doubting your deal it's just not a normal one for a mustang. The only way I'm thinking you got that much off is if it was end of model year and there were Hella incentives. I used to work at a Ford dealer and A-plan pricing is not even that much off on a mustang. There's only about 2k-3k mark up on a mustang unless you're into mach 1 or Shelby territory.

Here in this area, are two competing large-volume dealers. The prices (were) amazing.

Now they suck.

 

[dsiggi]

I have a 12 SuperDuty I need to sell. I'm in Myrtle for a few more weeks, I may have to make a trip to beach ford to see what they would buy it for. Was going to wait until I got back to Michigan.

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