2008 Mustang GT - Good Deal/Fair Price?
11-21-2010, 09:17 PM
#1
Thread Starter
Join Date: Nov 2010
Location: Wisconsin
Posts: 13
2008 Mustang GT - Good Deal/Fair Price?
I've recently decided to follow up on my long time interest, and purchase a Mustang. With this being such a large investment - I really would like to get the exact model/options I want, which has lead me to the following vehicle... however I'm not sure that the price is fair. It is a 2008 Manual GT - 26,XXX miles - interior upgrade, red leather with useless but cool ambient light and yadda yadda, all the options I'm looking for. I'm located in Wisconsin, and from what I've seen the pricing seems competitive. Posting can be found here (links to Auto Trader site):
http://www.autotrader.com/fyc/vdp.js...TAFSRCHUSDTEXT
Hope the link works. Currently the dealer will only go down to $18,334 and I know I'm going to end up paying high at a dealer, but due to financing I have to use that venue. Vehicle was first titled in late '09 - and the dealer is saying factory warranty expires 12/2012 or at 36K (with only being my seasonal car it won't see 36K first). Does the warranty justify paying more? I apologize as I'm sure the forum sees a ton of these buy/sell questions, but any input at all is appreciated, thank you!
http://www.autotrader.com/fyc/vdp.js...TAFSRCHUSDTEXT
Hope the link works. Currently the dealer will only go down to $18,334 and I know I'm going to end up paying high at a dealer, but due to financing I have to use that venue. Vehicle was first titled in late '09 - and the dealer is saying factory warranty expires 12/2012 or at 36K (with only being my seasonal car it won't see 36K first). Does the warranty justify paying more? I apologize as I'm sure the forum sees a ton of these buy/sell questions, but any input at all is appreciated, thank you!
11-21-2010, 09:33 PM
#2
1st Gear Member
Join Date: Jul 2010
Location: Massachusetts
Posts: 117
I just did a quick eval at KBB.com and this car came up with a retail value of $23,400 in excellent condition. So $18,344 seems like a darn good price to me. Be sure to check the Carfax to see if it's had any collision damage or unusual service activity. If you have any question, be sure to have someone with knowledge check the car over for you. If you know cars, then you're on your own!! LOL
If you get it or another like it, you're going to have a blast! Be sure to check some of the other areas of the Forum and you'll read a lot of interesting stuff that you can do to your car. Basically, not many people leave them bone stock. It's fun thinking about how you want your car to eventually look and run!
If you get it or another like it, you're going to have a blast! Be sure to check some of the other areas of the Forum and you'll read a lot of interesting stuff that you can do to your car. Basically, not many people leave them bone stock. It's fun thinking about how you want your car to eventually look and run!
11-21-2010, 09:44 PM
#3
2nd Gear Member
Join Date: Aug 2010
Location: california
Posts: 200
I don't know if this will help your decision or not, but about 6 months ago I bought an 07 CSGT with 6900mi for 17K, however I got no warranty but for me that was not an issue because I have been moding the car pretty heavily, I got what I wanted for what I thought was a fair price. The dealer told you that's as low as they'll go, that's BS, what did you expect him to say, offer 17750, that's a fair price.
11-21-2010, 09:49 PM
#4
2nd Gear Member
Join Date: Aug 2010
Location: california
Posts: 200
I don't know if this will help your decision or not, but about 6 months ago I bought an 07 CSGT with 6900mi for 17K, however I got no warranty but for me that was not an issue because I have been moding the car pretty heavily, I got what I wanted for what I thought was a fair price. The dealer told you that's as low as they'll go, that's BS, what did you expect him to say, offer 17750, that's a fair price.
11-21-2010, 09:55 PM
#5
3rd Gear Member
Join Date: Oct 2010
Location: Nevada
Posts: 544
It's not really a screamin' hot deal, but you're not getting ripped-off either. A 2008 with roughly 25k miles on it is valued (for private sale) at anywhere between 17K and 23K depending on condition. If this one is in great shape, and with the premium interior/shaker500, you've got a decent deal here.
11-21-2010, 10:20 PM
#6
Banned
Join Date: Mar 2010
Location: missouri
Posts: 502
It's not really a screamin' hot deal, but you're not getting ripped-off either. A 2008 with roughly 25k miles on it is valued (for private sale) at anywhere between 17K and 23K depending on condition. If this one is in great shape, and with the premium interior/shaker500, you've got a decent deal here.
11-21-2010, 10:37 PM
#8
I say wait just a little bit longer, wait for the new 5.0 Coyotes to become more prolific on the streets, and anything 4.6L will be sold at a much more drastically reduced price.
For example, if you wait until 2011 when the 2012 5.0 GTs are being sold, there will enough '11 & even some '12 5.0 GTs that the 4.6L GTs will sell for much cheaper.
If you still want to buy from these sellers, use this logic as your leverage. And if they don't budge, go to another seller with another similar year 4.6L and use the same logic. Someone will give you a deal for a 4.6 somewhere.
For example, if you wait until 2011 when the 2012 5.0 GTs are being sold, there will enough '11 & even some '12 5.0 GTs that the 4.6L GTs will sell for much cheaper.
If you still want to buy from these sellers, use this logic as your leverage. And if they don't budge, go to another seller with another similar year 4.6L and use the same logic. Someone will give you a deal for a 4.6 somewhere.
