Used S550 Prices

[BlueSteel]

I'm sure it varies by area, however here in the Chicago area the prices on used 2015 Mustangs are really high. Like only a few thousand below msrp new. When can we expect used prices to come down? Or are they going to get any lower at all?

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[HoosierDaddy]

I'm sure it varies by area, however here in the Chicago area the prices on used 2015 Mustangs are really high. Like only a few thousand below msrp new. When can we expect used prices to come down? Or are they going to get any lower at all?

It may be partly from a shortage of 5 gens. All the Ford dealers near me have a bunch of used S197s they can't/won't sell yet because they are waiting for replacement airbags.

 

[Chris796]

The used prices here in AZ are very high as well. Went to the dealership this morning and they had a 2015 GT PP with 5700 miles for $31,000. I can get a brand new 2016 GT PP for that


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[jsowell]

My experience has been the dealers want more for a used vehicle than I can get a new one for. I guess folks pay it but I don't get it.

 

[Shouldhavegotthegt]

The used ones seem hard to come by. I've come across some killer deals but just haven't been in the position to buy yet. I want to have about $8k down so I don't have to pay $600 a month. There was a GT PP premium with recaros for sale for $33k and only 5500 miles. Crazy deal. Wish I had the cash ready. I've seen a few base GTs under $30k. But yeah pretty much no 13-14s for sale.

 

[LAK3RS]

I've finally found an S550 I'm interested in and it's used. A little under 10k miles, and the asking price is $31.9k. Anyone know if that's a good deal? It's CPO as well (7 Year/100k mile powertrain)

GT Premium - Triple Yellow, Auto, 401A, Nav, Reverse System, Enhanced Security

My goal is to spend no more than 29k for a used GT Premium, but I'm greatly considering this if we can get the price down some more.

KBB seems to sit at 28.5-31.5k trade in on this car. I'm considering trading in my Vette as well depending on what I can get for it. They're just not negotiating much on the car right now...

 

[Shouldhavegotthegt]

$32k is decent deal. I wouldn't expect to find a premium under $30k from what I've been seeing. Base GTs are hovering at $29-30k. I haven't been looking at autos though. I always select manual in my searches.

 

[jsowell]

I think you probably have a little room, but not much. I have been trying to find a good deal on a used one, either base or premium, manual. However, koons is cheaper for a new vehicle nine times out of ten. The best I have been able to do is 29.5 for a premium and 26.5 for a base, manuals. At the time koons had similar cars for 30.1 and 27.1. It seems I will likely end up just going new from them.

 

[stang305]

Looks hard and be patient I got my 15 premium Gt track pack with 600 miles in comp orange with navigation recaros and back up sensors for 33.9k

 

[stang305]

I pay 470 a month with only 3k down the 33.9k did not include taxes and title

 

[1320']

It's only been recently that dealers have decided that they can settle for less than MSRP on used 2011-2014's...

It's going to be a while. Used cars are the dealers fat cash cows, and they along with the service counter are where the dealerships make their bank.

 

[jsowell]

I totally understand dealers selling them for high prices, because apparently they can. What is somewhat surprising to me is that there are enough people that pay more for a used car than what they could get a new one for.

 

[1320']

I totally understand dealers selling them for high prices, because apparently they can. What is somewhat surprising to me is that there are enough people that pay more for a used car than what they could get a new one for.

It's a mindset with people

Used cars=money savers, generally. So instead of say...taking advantage of 2.9% financing through Ford Corp on a new car..they think they're actually saving money by going used.

Mind you, that is unless you're buying a used 2011/2012 for $23,000...then you really are saving money.

 

[ElAviator72]

Don't know,

but if Kelly Blue Book values are any hint, it seems that the S550 drops pretty rapidly in value (at least here in the Pacific Northwest, where if it isn't a Honda or Toyota it sucks :frusty: ).

When my 2015 car got totaled out by the insurance company, it took about a $3,000 hit (according to their valuation tools), and this was after I argued with them over the fact that it was a performance package car ($1,995) and had an extra cost paint color (Ruby Red, $395). The car also had about 7,500 miles on it...The MSRP on the sticker was $28,310 (which I didn't pay )

P.S. Their valuation tools go off wholesale prices (i.e. what a vehicle actually sells for).

I saw one 2015 Ecoboost Premium car w/automatic pop up at my local Ford dealer for an asking price of $28,000 (around Christmas). New, that car would have sold for around $34k...

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