REALLY?! $20k for an 08!!! - Mustang Evolution

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Old 11-17-2011, 11:18 AM   #1
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REALLY?! $20k for an 08!!!

Sssssooooo......here's the deal. Imma a pretty dedicated and hardcore car guy. I have been watching a LOT of car prices as i've grown up. Mostly on all cool s*&t....ie-mustang, ferrari, lotus,etc. which brings me to my point.....

In this day and age...you can find 1st gens thru foxes for about $1k or there abouts all day. SNs for about $3-5(depending on trim model and such). New edges for about $5k for a V6 and $10k for a cobra. bear in mind, these are rough figures, stick with me, building up to the much bigger point........

Which brings me to this......what the f&%k is up with the S197s???!!!!!!! Seriously? an 05 for $15 with 100,000mi(hope your picking my sarcasm). Just left my local ford dealership from picking up a part, they had a bright red 08 Mustang GT, tan inter, stick, twas rather sick as s*&t....didn't post the mileage on it, but they were asking $20,000 for a 3yr old car!!!! $20!!! Wtf!!! I can see $15k, I'll even give you $17k. But $20k? Really? What is up with this current S197 gen? Why are they STILL going for SO much even 6yrs down the road? Would love and am eager for some insight.

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Im coo coo for coco puffs over this current gen like everyone else is, don't get this misconstrued, its just effing resale thats gots me sh*tin' a chicken.
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Old 11-17-2011, 11:40 AM   #2
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I paid 16K for my 05 with 150.000 miles and she came with procharger I'd sell her for 20K now cause of the work that's gone into her
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Old 11-17-2011, 11:51 AM   #3
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It's all about negotiation, never pay sticker price. I picked up my '11 GT in July of '10 at a final price of $28,400 after TT&L. MSRP was $34,900. What was funny was that they had a '10 GT with 1,500 miles on it going for $28,000. Lol
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Old 11-17-2011, 11:55 AM   #4
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Re: REALLY?! $20k for an 08!!!

its only 3yrs old that why still 20k. It was what 30k new. That is a big discount.


Ad if y ou buy a fox for 1k then you wil get what you pay for. A pile of ****. Every Fox i have looked at in the last year has been least 4k. That is solid body, still running with no engine or tranny issues.

---------- Post added at 11:55 AM ---------- Previous post was at 11:54 AM ----------

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Originally Posted by primer2tone View Post
It's all about negotiation, never pay sticker price. I picked up my '11 GT in July of '10 at a final price of $28,400 after TT&L. MSRP was $34,900. What was funny was that they had a '10 GT with 1,500 miles on it going for $28,000. Lol
Same here. They had a used 2010 for 29k. loaded to gills with 2200 miles on it.
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Old 11-17-2011, 11:56 AM   #5
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I'd hate to see what the blue book value is on my stang. I'm sure I'm still upside down.
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Old 11-17-2011, 01:05 PM   #6
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Re: REALLY?! $20k for an 08!!!

I hate the prices for cars now adays
It almost makes me sick considering its all effin plastic
To me no plastic car is worth over 10k
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Old 11-17-2011, 01:49 PM   #7
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If it was at a dealer, that's a given its going to be way overpriced than average book value.

When mine was stock it was selling for 15K out the door, just a 2006 sixxer that had about 74k miles on it. Ridiculous right?
Got it for 9.3k out the door, the guy was pissed, but were good flirts and arguers. Ha!
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Old 11-17-2011, 02:59 PM   #8
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I test-drove a Mach 1 with KB supercharger and they wanted almost $17k + $5k cash down for the super charger. Said screw it, was fun to drive. We wanted to take it home. It has still been sitting up in Jax now for $13k.... Those guys were ridiculous.

Wanted to give me $4k for mine and they had a super busted super ugly 04 V6 on the lot for $8k.

And there's an S-197 GTCS at the Toyota dealership but I'm worried about how much they want to sell it for... I do want a Cobra or S-197 GT eventually.
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Old 11-17-2011, 03:16 PM   #9
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paid around 15k gt premium with 35000 miles now bout 33000 when i got it
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Old 11-17-2011, 03:17 PM   #10
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That's not a bad deal and low mileage... Gives me a lil hope.
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Old 11-17-2011, 03:18 PM   #11
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There is also a guy selling his 05 with 57k for bout 11000 around here
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Old 11-17-2011, 03:30 PM   #12
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Where at?? I feel like Jax over prices everything!!
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Old 11-17-2011, 03:42 PM   #13
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Re: REALLY?! $20k for an 08!!!

there's a Shelby GT at a local dealer up the street ,it has around 17,000 miles on it and their asking $23,900 ,its mint
I remember they were going for above sticker when they came out ,in the $40's ...
I almost traded in the v6 ( Witch i GOT LAST YEAR FOR $12,000 WITH 40,000 MILES ON IT ) ,but refrained from going further onto debt ,
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Old 11-17-2011, 04:09 PM   #14
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Quote:
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Where at?? I feel like Jax over prices everything!!
TN
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Old 11-17-2011, 04:29 PM   #15
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Re: REALLY?! $20k for an 08!!!

I bought a used 05 GT with 40,000 miles on it three years ago for $16,000 and traded it in on my 07 Roush a year and a half ago for the same price...
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Old 11-17-2011, 06:08 PM   #16
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Re: REALLY?! $20k for an 08!!!

Depending on where you live the used car market is HOT due to a low supply. Many people are just buying used cars, to save money or their credit won't allow them to buy a new car.
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Old 11-17-2011, 10:38 PM   #17
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In 2008 I paid 24k for my 07 gt with 1300 miles on it.
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Old 11-18-2011, 12:08 PM   #18
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Re: REALLY?! $20k for an 08!!!

Went to Nashville last night with some friends, we stopped off at a bp station for drinks and snacks and jazz, looked at a used/trader car magazine, stumbled across an 07 V6 for $10k.......with 150,000mi. Am I missing something here? Is the used car market THAT hot for S197s right now? are they in THAT much demand that ppl are overlooking mileage no matter what it is and paying premium dollar for it? cuz, if that's the case, then, that makes sense, I can see that.
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Old 11-18-2011, 01:34 PM   #19
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Re: REALLY?! $20k for an 08!!!

a friend of mine TRADED his 08 in for 19k to a dealership about 4 months back
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Old 11-18-2011, 07:26 PM   #20
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Re: REALLY?! $20k for an 08!!!

i paid 8k for my gt premium vert, dealing with it all over the phone from ohio to North Carolina, and she only had 48k on her.
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Old 11-19-2011, 01:41 AM   #21
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Re: REALLY?! $20k for an 08!!!

Now, Josh, thats decent. thats a h*ll of a find. I assume the car of topic is the one in the pic. 8k for a new edge GT with 48k. thats a decent and fair find.

Now spector, traded for 19k??!!! No body's answered my question yet......

Is the used car market THAT hot for S197s? Are they in THAT much demand that ppl are overlooking mileage whatever it may be?
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Old 11-19-2011, 10:41 AM   #22
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Quote:
Originally Posted by rinfield2004
Now, Josh, thats decent. thats a h*ll of a find. I assume the car of topic is the one in the pic. 8k for a new edge GT with 48k. thats a decent and fair find.

Now spector, traded for 19k??!!! No body's answered my question yet......

Is the used car market THAT hot for S197s? Are they in THAT much demand that ppl are overlooking mileage whatever it may be?
I can answer from my own experience, everyone else could be different, when I went to upgrade to a gt I found 06s for 9-10k but the mileage disgust me so I kept looking til I found the right one, just be patient and you can find a good deal
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Old 11-20-2011, 09:06 AM   #23
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It seems that cars that come from up north maybe the key to lower miles. I didn't realize that they put them away for such long periods of time.
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Old 11-20-2011, 06:35 PM   #24
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Re: REALLY?! $20k for an 08!!!

I think people dont realize cars are just like houses... the marketed area effects everything. Look at the price of a car in your area, then look in a small town. or if you are in a small town, look at a big city.
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Old 11-20-2011, 06:46 PM   #25
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Quote:
Originally Posted by ThatGiRLKriSsiE
It seems that cars that come from up north maybe the key to lower miles. I didn't realize that they put them away for such long periods of time.
Up here (Ohio) most people put their stangs in storage(or garage) for the winter months. Altho there there are some people that drive them all year long, why? Only thing I can figure is it's their only vehicle. You'll never catch me in my mustang or any mustang for that matter in the winter lol.
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Old 11-22-2011, 05:31 AM   #26
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I don't think it's that far out of line *depending* on mileage, condition and options. The MSRP on my 05 GT (premium, fully loaded) was @29,000. I paid 16.5 last year from a Toyota dealership. The car has relatively low miles, is in great shape and I got the warranty in there too. I'd hope the price you saw on that car left room for haggling.

And really, it doesn't bother me that prices stay up on the S197s, it means our cars are holding their value pretty well.
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Old 11-22-2011, 05:02 PM   #27
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Re: REALLY?! $20k for an 08!!!

go to that same dealership on like the last 2 or 3 days of the month and just hear the difference in the tone of their voice! lol At the end of the month at least at major dealerships it simply turns into a moving unit's game and profit margins take a back seat in most cases when they are short of there selling quota! Thats how I ended up with my 05 GT. It was the end of the month and they were 3 cars short for their sales quota. I walked in and said I wanted a used gt 5speed convertible or cobra, they said that they had none of those so I turned around to leave and THE SALES MANAGER RAN!!!! blocking my way to the door and pleeded with me to take a look at this 2005 gt premium and promised to make me an offer I couldnt refuse. I asked what the price was and he said never mind the sticker price just go look at it, hear... take the keys go drive it! lol Well he was right because the first non convertible mustang I have ever owned now sits hear at home!
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Old 11-25-2011, 09:11 PM   #28
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As long as someone somewhere is willing to pay, the prices will remain high. Personally I like seeing higher than avg used prices for the S197s' just means my 2008 GT is holding on to it's value longer.
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