They say a GT350 Mustang is $30,000-$40,000?

Discussion in 'Shelby GT350 Mustang' started by 95CobraR, Mar 8, 2020.

  1. Dusten

    Dusten Well-Known Member

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    https://www.cargurus.com/Cars/link/262893242

    https://www.cargurus.com/Cars/link/263563761

    There are 3-4 more like that....
     
  2. jpindustrie

    jpindustrie Well-Known Member

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    The 2016 Track pack cars are the anomaly... I remember looking hard and long for a leftover 'track pack' but each time was greeted with a markup.
     
  3. thill444

    thill444 Well-Known Member

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    Yeah no way I would pay over high $30K range for a 16 tech pack

    I will say this. I was looking at 350's late last year in November I found a 17 with under 6K miles for $42K. It looked pristine except it needed two new tires. But had catch cans, and was very well maintained. It was early November and it had been on the market for awhile. Seller told me he would take $41K take it or leave it. It was the wrong color (Yellow) so I hesitated a few days and by the time I contacted him again it sold. But yeah. $41K for a low mileage 2017 with clean title, no accidents, and very good condition. That was 4 months ago.
     
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  4. nastang87xx

    nastang87xx Well-Known Member

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    A used Track Pack car, listed for a price and then WITH a mark up on top of that which wasn't specified on the list price? That sounds like bait and switch.
     
  5. shogun32

    shogun32 Well-Known Member

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    A car is only what someone will pay for it. And the marginal buyer sets the new lower bar for every transaction after that. Once someone pays say $45k for an '18 (non-R) with less than 3000 miles on it, that's the new high bar and successive bid goes below that. Anyone trying to sell a '17 gets a fresh kick in the teeth. Subject to local market distortions.
     
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  6. jpindustrie

    jpindustrie Well-Known Member

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    Im talking about back in 2017
     
  7. Amacron

    Amacron Well-Known Member

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    Just had a friend of mine buy a used 2018 Gt350 2k miles excellent shape payed 45k from a dealer. He got an awesome deal.
     
  8. Dr. JL

    Dr. JL Well-Known Member

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    I don't think we are at the "$30K" GT350 just yet. A Tech Pack traded in at $47K and a 7K mile '16 R sold slightly below MSRP, just two years ago. BL, it's up to supply versus demand.

    I recently picked up GR378 for way less than I paid for GR227. Same car, fewer miles, better shape and purchased from the same town with two years between purchases. I have no idea how much the original owner of GR378 paid new, be they clearly didn't care about recouping that cash when sold. Some folks don't care, they just want something different/newer. Their loss...my gain and of course, the dealer made a profit. So let the trading begin. May your timing be perfect and cash be overflowing so you, too, can get that GT350 for whatever it's worth to you.
     
  9. B0N35

    B0N35 Well-Known Member

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    Local(ish) dealer has a 2018 w/4k miles listed for nearly $53k, I started the offer at $50k OTD (it's been on the lot for over 6 months) and they basically told me to fk off.
     
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  10. onlyturbo

    onlyturbo Well-Known Member

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  11. newmoon

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    Try to trade in a very low mileage 19+ model and you will be lucky to see 48k, the discounts offered to move last years inventory put a knife into used values imo. I am not surprised to see used older models in the 30s to low 40s.
     
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  12. Dusten

    Dusten Well-Known Member

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    42k
    26k miles
    2 owners
    Clean Carfax

    Happy?

    The market is coming down on these. There's a clean title 2016 for 29k
    There are at least ten, private party rigs for under 43k asking. Sale price on those will be much closer to 40k or less
     
  13. TxGT350-52

    TxGT350-52 Well-Known Member

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    When I was looking at used GT350s last year, there were several that popped up in a nation-wide search that were $5-6K lower than others with similar features and miles. One of them was one of my preferred colors, so I contacted the dealer only to learn it was an engine-replacement Ford Buy Back. I inquired about a couple of the other low cost options and they were all Buy Back or Lemon Law cars. I decided I did not want a Buy Back, so I held out for a low mileage, single-owner 2018 with all of the original paperwork. I felt it was worth the extra cost to have a clean title and know the full history of the car from one owner.
     
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  14. Johnnydarkgt350

    Johnnydarkgt350 Well-Known Member

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    As a past owner of a 2000 cobra R; I purchased it five years into its life in 2005 ! Depreciation sped to a stop ! As history repeats itself a five year old GT350 purchased right will not move downwards much ! Buy a wonderful 16” and own it for free (or close to) for the next multiple years and relish the ride ! Remember if you can afford it! It’s is not what you paid for it !! it’s what it’s worth when you’re Ready to move on! I own a 16 “ R” and I will see very light depreciation! Thanks for considering my advice! ( 30 years in the car biz on my 25th Mustang) !
     
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  15. Johnnydarkgt350

    Johnnydarkgt350 Well-Known Member

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    P.S. if anyone wants to enlarge this “ cost Vs depreciation “ discussion! I would be willing to list all 25 Mustangs and let know which ones I lost money on and which ones I either made or lost no money on ! We all have our stories and I would love to hear your experiences as well ! It might give some growth on their future purchases!
     
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