Want to sell my old mustang for a new one...

[MustangMark83]

I have a screaming yellow 2001 mustang GT. It was 1 year old when I bought it and I've owned it for the last 12+ years. It's got 166,000 miles on it. Here's the list of things that are wrong.

Engine burns oil at a rate of about a quart every couple months
Driver side window is off the track so it rolls down but you have to forcefully pull it up.
Small hole in driver's leather seat
Exhaust leak coming from header
Clearcoat is peeling in various spots
Suspension is squeaking (original shocks and springs)
Tint has completely peeled off
Steering wheel is spongey
Car is filthy inside and out, carpets can't be cleaned, would need to replace.
Transmission grinds sometimes when you shift into 5th gear
ABS light on
Cruise doesn't work anymore (might be simple fix?)


The mods I have are
BBK offroad H pipe w/ flowmaster exhaust
K&N air filter
Saleen body kit , saleen rims (not sure if these add value)
Screaming yellow paint job conversion from zinc yellow ($2500) in 2004

Kelly Blue book puts the car around $4k-$6k depending on condition

I'd like to sell it and use the cash as a down payment on a 2015, but I'm curious what I should list it for, and would anyone buy the car in it's current condition? Would it make sense to fix some of the issues, and if so, which ones?

Thanks!

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[Waylap1]

Drive South on US 27 until you're in the middle of nowhere. Set it on fire.
Or
Leave it parked with the keys in it, a five dollar bill on the dash in
Belle Glade or Immokalee

 

[MustangMark83]

Drive South on US 27 until you're in the middle of nowhere. Set it on fire.

Insurance fraud?

 

[MustangMark83]

If I were to make the car perfect I would have to put probably 10k into it, and I'd sell it for close to that much (with the car being repainted, engine rebuilt, fresh tint, new interior). Not worth it. Maybe someone would buy it as a project car for cheap. Lots of people still enjoy the look of the early 2000's.

 

[cbrookre]

If I were to make the car perfect I would have to put probably 10k into it, and I'd sell it for close to that much (with the car being repainted, engine rebuilt, fresh tint, new interior). Not worth it. Maybe someone would buy it as a project car for cheap. Lots of people still enjoy the look of the early 2000's.

Honestly I have no idea how to help you here, I am facing a similar issue with my car that it is failing in several ways. Best advice would be to cut your losses, and sell it for whatever you can get for it. There is a for sale section that may be more relevant to you.

Best of luck!

Chris

 

[DHG1078]

If I were to make the car perfect I would have to put probably 10k into it, and I'd sell it for close to that much (with the car being repainted, engine rebuilt, fresh tint, new interior). Not worth it. Maybe someone would buy it as a project car for cheap. Lots of people still enjoy the look of the early 2000's.

Even if you dump $10k into your car to make it perfect, I doubt you would find someone willing to pay that for your GT.

 

[OH5GT 2 S550]

If I were to make the car perfect I would have to put probably 10k into it, and I'd sell it for close to that much (with the car being repainted, engine rebuilt, fresh tint, new interior). Not worth it. Maybe someone would buy it as a project car for cheap. Lots of people still enjoy the look of the early 2000's.

My best advice is Craigslist. Someone will buy it as long as you're not asking an arm and a leg for it!

 

[Brent302]

Craigslist for $7500. Make sure to wash and USE TIRE SHINE its like snake oil for the eyes.

Let the person negotiate down to 6k and they think they got a deal. Easy.

 

[MustangMark83]

Even if you dump $10k into your car to make it perfect, I doubt you would find someone willing to pay that for your GT.

http://www.autotrader.com/cars-for-...ius=0&minPrice=8000&listingId=353890328&Log=0

2004 mustang gt , 105k miles and it's listed for $12,000

They're holding their value well.

http://www.autotrader.com/cars-for-...ius=0&minPrice=8000&listingId=374555869&Log=0

2001 mustang gt , 126k miles listed for $10,500

 

[MustangMark83]

Craigslist for $7500. Make sure to wash and USE TIRE SHINE its like snake oil for the eyes.

Let the person negotiate down to 6k and they think they got a deal. Easy.

Do I be honest about everything that's wrong with it? I would hate to show them the car and be like "ok so this is wrong, and that's wrong, and that right there needs to be fixed"

 

[Clink]

W/out seeing pics of this car, based on everything you were nice and up front with, I'd say $2500 is about it but I hope I'm wrong you get more than that!

 

[Brent302]

Do I be honest about everything that's wrong with it? I would hate to show them the car and be like "ok so this is wrong, and that's wrong, and that right there needs to be fixed"

Yes be 100% honest about all the negatives BUT make sure to give positives after your negatives.

 

[OH5GT 2 S550]

Do I be honest about everything that's wrong with it? I would hate to show them the car and be like "ok so this is wrong, and that's wrong, and that right there needs to be fixed"

If it's everything that you stated earlier, all that stuff is obvious. I would let buyers that you felt were serious test drive the car with you in it. Not just people that are out kicking tires, THAT WILL HAPPEN! If they ask, be honest, but all the stuff you listed earlier is obvious stuff to me!

 

[MustangMark83]

W/out seeing pics of this car, based on everything you were nice and up front with, I'd say $2500 is about it but I hope I'm wrong you get more than that!

Thanks

It's really not worth the effort to fix up. Probably just gonna let someone think they got a deal and they can do the fixing up with their own $

I just want something small for a down payment on a 2015. I haven't had a car payment in 8 years so I guess I'm ready. I told myself I'd never have another car payment again, but here we are, the 2015's are here!

 

[Diode Dynamics]

http://www.autotrader.com/cars-for-...ius=0&minPrice=8000&listingId=353890328&Log=0

2004 mustang gt , 105k miles and it's listed for $12,000

They're holding their value well.

http://www.autotrader.com/cars-for-...ius=0&minPrice=8000&listingId=374555869&Log=0

2001 mustang gt , 126k miles listed for $10,500

There's a big difference between "listed price" and what it will actually sell for

You can score an S197 for $12K in decent condition

But if you can get over $10K for your SN95 or New Edge, do it!

Nick C.

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