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Old 11-27-2015, 11:47 AM   #1
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03 GT Conv Low Miles Demand?

So about a year ago, I came across a one owner, 2003 GT convertible, sonic blue, Bullitt rims, that had been dealer prepped with a shaker hood kit and light bar. The car had 12,700 original miles, and other than the dealer prepped items, was completely original.
A year later, the car has 13,700 miles, is still original, and I enjoy driving it in nice weather. Since this is a 3rd car in a two driver household, it is used strictly for pleasure.
But I feel like I am at a cross roads. My youngest child is 12, and will not need a car for at 3 more years. And to be honest, I am not sure that I would want her first car to be a convertible.

So, here is what I am looking at:

1. If I keep the car, I want to spend about $1,300 on a wheel / tire kit to put some nice looking Bullitt wheels / tires (17x10.5 rear and 17x9 front) to make improve the stance and keep the car for a few more years.

2. Or, I can put the car for sale and let a Mustang enthusiast enjoy this low mileage, all original GT, and use the money to buy a car more appropriate for a 16 year old’s first car.

What do you guys / gals think the demand would be for a 99-04 Mustang like this, if I decide to sell it?
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Old 11-27-2015, 12:04 PM   #2
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My 16 year old daughter drives an 04 Stock GT convertible. She would probably be fine with it. Stock they aren't bad to drive.


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Old 11-27-2015, 12:10 PM   #3
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Pics???? I would say at least 8-10k depending on your area, at least that's what it would sell around me for.. Every place is different you'll get all kinds of answers, I say keep it and enjoy it for more than a thousand miles that you've drove it though..


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Old 11-28-2015, 02:00 AM   #4
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8-10k around me too. Nice, clean, unmolested, and low miles. That is something that is rare and people will love about it.

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Old 11-28-2015, 09:06 AM   #5
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Quote:
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Pics???? I would say at least 8-10k depending on your area, at least that's what it would sell around me for.. Every place is different you'll get all kinds of answers, I say keep it and enjoy it for more than a thousand miles that you've drove it though..


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Once it stops raining, I will take a few pics.
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Old 11-28-2015, 09:40 AM   #6
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I would like to see it as well! Sounds like a nice car


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Old 11-28-2015, 10:25 AM   #7
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I would like to see it as well! Sounds like a nice car


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I know right.. I wanna see that sonic blue with the shaker hood,, and seems to be a clean car as well..


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Old 11-28-2015, 01:35 PM   #8
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Would like to see some pics as well. Always love a clean SB new edge.

It's hard to say which cars will be collectors 20-30+ years from now. Right now the obvious choices are the Shelby's, the bone stock Terminators/Mach 1's in low volume color/package combinations etc. But you never know if some higher production cars like the GT's might hold some value.
I bet a lot of people never expected the 60's 200 CI straight six cars to become as popular as they have. Most of them were either junked or 289 swapped, making the survivors more sought after.

As far as selling, I would say the 8-12k range is reasonable, as others have said. There might be a v6 owner that really wants to upgrade to a GT, and that would make for a perfect platform to get into. Really depends on what the market is like in your area.

Two things I would keep in mind, if you do sell, will you find another car that clean that you know the history of? If you really enjoy the car it's best to keep it imo.
Also, if you give the car to your daughter to drive as her first car, there will most likely be some mishaps. New drivers have accidents/dings/scrapes simply due to inexperience, good chance it'll happen at some point.

If you can, save up what you can for the next 3 years and get her something that won't make you cringe if it does get beat up.
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Old 11-30-2015, 03:58 AM   #9
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Still hasn't posted pics (which id still like to see) and if it does exist it's worth what someone will pay. A guy in our Mustang Club paid 14K on a bright yellow convertible with those type miles because that's was his dream car. I think 12-14k is where it should be if it's as pristine as its portrayed. I would not accept 10k with that low a mileage unless you needed the money.


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Old 11-30-2015, 07:04 AM   #10
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Still hasn't posted pics (which id still like to see) and if it does exist it's worth what someone will pay. A guy in our Mustang Club paid 14K on a bright yellow convertible with those type miles because that's was his dream car. I think 12-14k is where it should be if it's as pristine as its portrayed. I would not accept 10k with that low a mileage unless you needed the money.


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Dave, it has been raining for the last 3-4 days non stop here in Texas. I plan on getting it out of the garage once it is sunny, and taking a pic or two to post.
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Old 11-30-2015, 07:44 AM   #11
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Dave, it has been raining for the last 3-4 days non stop here in Texas. I plan on getting it out of the garage once it is sunny, and taking a pic or two to post.

That's cool....Looking forward to seeing it!


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Old 12-06-2015, 12:07 PM   #12
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Well, the weather finally got sunny here, so I was able to take a few pics.
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Old 12-06-2015, 02:29 PM   #13
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I think I would ask $18,500 OBO for that car. I think you'll get close to that especially if your patient. Nice Car!


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Old 12-06-2015, 03:28 PM   #14
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Thanks for the kind words dave.
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Old 12-06-2015, 03:53 PM   #15
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With that exterior/interior color combo, the low miles, the dealer installed shaker, and the condition there is rarity there. Someone will pony up for it ask $18,500 take 16k at the lowest you will get it. It's a perfect Mustang club cruiser.


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Old 12-06-2015, 06:02 PM   #16
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03 GT Conv Low Miles Demand?

KBB says 10k but your car has a few things going for it. It's the perfect compromise car for an older middle aged couple that want a weekend convertible. The color combo is appealing to both its got the shaker hood for Dad, tan interior and light bar for Mom. It's worth more than book. How much? who knows? I would like to have it.


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Old 12-06-2015, 06:38 PM   #17
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Man the car looks so nice clean that shaker hood loving it

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Old 12-06-2015, 06:44 PM   #18
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It's definitely a nice piece.


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Old 12-06-2015, 06:54 PM   #19
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I'd say the auto would kill the demand for it but asking $16k for a known rare car with a great color combo is probably correct. I'd say $12-$16k depending on what you feel its worth but be prepared to wait for the right buyer.

If you have a real late build date in 03 you might want to check and see if its the 75w trans which you can use as an added bonus for selling it. But most 03s were the 70w.
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Old 12-06-2015, 07:01 PM   #20
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03 GT Conv Low Miles Demand?

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Originally Posted by scottydsntknow View Post
I'd say the auto would kill the demand for it but asking $16k for a known rare car with a great color combo is probably correct. I'd say $12-$16k depending on what you feel its worth but be prepared to wait for the right buyer.

If you have a real late build date in 03 you might want to check and see if its the 75w trans which you can use as an added bonus for selling it. But most 03s were the 70w.

I agree on the price but the automatics have a demand with the convertible crowd. That was one of the reasons I said it was a perfect compromise car for a middle aged couple. Mom can drive it. I've heard the story how Man has heart attack and wife Cant drive the car more than once.


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Old 12-06-2015, 07:06 PM   #21
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I agree on the price but the automatics have a demand with the convertible crowd. That was one of the reasons I said it was a perfect compromise car for a middle aged couple. Mom can drive it. I've heard the story how Man has heart attack and wife Cant drive the car more than once.


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That or she claimed she couldn't drive it and collected that life insurance...



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Old 12-06-2015, 07:09 PM   #22
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That or she claimed she couldn't drive it and collected that life insurance...








I thought that too. Lol


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Old 12-06-2015, 09:11 PM   #23
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Very clean.. I think I'd keep her, but if you are leaning toward selling you should have no problem getting well over kbb value


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Old 12-06-2015, 09:27 PM   #24
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I also would be a little hesitant to give that car to a brand new driver regardless of whether they are male or female or purple or whatever. Solid rear axle V8 limited slip etc... I mean its obviously a judgement call and nobody is telling anyone else how to raise their kids but that's just what I would do me personally. I remember how I was as a teenager in my old Fox...
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Old 12-07-2015, 11:59 AM   #25
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All good conversation... I don't think I would expect high teens, but if a serious offer came in, somewhere close to the mid teens, I would think about selling it to the right person. Also, how do I lookup the build date? Is that coded on the VIN? Thanks in advance.
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Old 12-07-2015, 02:51 PM   #26
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Its on the sticker in the door jamb it'll have the month and year

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---------- Post added at 08:51 PM ---------- Previous post was at 08:50 PM ----------

Mine was late 03 and has the 75r tranny

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Old 12-07-2015, 05:04 PM   #27
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Like I say that car has a lot going for it You'll get your mid teens.


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