Hi all i have been lurking her for a while. I drove GTs back when I was a teen and have been thinking about purchasing a used one as a weekend car. Been reading the forums and watching the prices on-line. I am ready to pick one up and have decided that somewhere around 20K is a good cap for a car that is going to sit five days a week. I do plan on upgrading wheels/tires, suspension, and seats. The cars I have come across;
2008 GT Premium $21K - 11K miles. Leather and shaker 1000. A one owner car. A few scratches but otherwise the car is like new. Private party value on this car in excellent shape is about 19 and retail is about 21. The guy wont budge from 21K.
Premium also $21K - 33K miles on it in 18 months of ownership. Only option on the car is a 3.55 axle. I found this car at a non-ford dealer. Sales guy hands me a printout of the work they did to it to make it legal. Everything on the printout is related to the lighting system. Replacing all types of bulbs and headlight and taillight assemblies. He tells me it came in with all non legal lighting. Plus new tires they have 3K of prep into it. I go look at the car and look under the hood; looks like aftermarket valve covers (red in color), but I can't tell if anything else under the hood has been modified since the rest of it appears stock at this point. Interior is like new. A look under the rear end; exhaust appears factory like its about two years old, the front of the rear differential is soaking wet with oil and there is a 4" spot on the ground from dripping (i understand the pinion seal and breather vent is an issue on these cars.) I grab the top of the rear tire and shake it in and out and it feels like at least a quarter of an inch of play so I imagine it also needs wheel bearings but i did not hear any bearing noise while driving it - both rear wheels have the same exact amount of play. There is still 3K miles on the factory bumper to bumper warranty so I would guess these items are still covered if not under the powertrain warranty. I am not sure if this car is a good deal for 21K or something I should run from. I think retail on it in excellent condition is 26K.
There are a lot of 05-09 models out there and they all have 30K-80K miles on them and priced from 13K-19K. I don't have a problem picking one of these up it's just a little more difficult to find one that is clean and not too beat up other than normal wear and tear.
Obviously I would like a 5.0 over a 4.6 but except for the one I noted above, they all start in the mid 20s which is more than I want to spend on a weekend car. So I am asking for some input in what you all think I should be looking at for a not too beat-up weekend car. The 5.0 is sweet since it has the bigger numbers to put down and also has noticeably less road noise than even the 08 with 11K miles on it.
After reading the forums here I imagine some of you are going to say - get the 5.0 you cant go wrong. And others will say - save the money and by a 4.6L with 80K for $13-14K since there is no value to be gained by spending more for less mileage. Maybe I just answered my own questions...
Any suggestions on which way to lean would be appreciated thanks. - John