rangerheave

As the title implies, Im thinking of trading in my 2010 Mustang GT premium. Right now there are only about 13k miles on it. Its a long story as to why I want to trade it in so for now, lets avoid all of that. My question to all of you is I want some understanding on how the slight modifications that Ive made to my car may impact the value of my car as seen by the dealership. I have done the following:

JLT CAI
Bama/SCT Tune
went from 3:31 to 3:73 gears.
20% tint
Side scoops

I am looking to trade for a 2011 F-150 S/C 4x4. I am an "A" Plan buyer which means I can get a massive savings in addition to some pretty nice factory incentives. The truck I am looking at right now stickers at $45k and I can get it for just slightly over $34k.

The problem is I owe $28k on my car still and have some obvious negative equity.

Thoughts?

ironh19

mods dont do crap for the value of your car other then hurt it. maybe with some luck all your incentives, will absorb that negative equity. It depends on how much they give you for the GT.

rangerheave

i think I may have poorly worded that. Im certain that the mods will do absolutely nothing to ADD value. Im wondering how badly it will detract from the value. How bad will it hurt me?

I dont have the factory air box anymore so I cant go back to stock for that mod.

Forgot to mention, I also have Flowmaster Axle backs but still have the stock mufflers. Should I put those back on?

I have not been appraised yet but Im anticipating them offering me in the neighborhood of $22-23K for it. who knows.

Thanks for the input.

blackmamba10

Im not real sure how the negative equity would work in this situation, but can you try to sell it outright? You may be able to get more understanding of the mods from a buyer. And you'll most likely get more than you would for it on a trade in.

Last year before I bought my mustang I had a wrangler. Each dealership I went to offered me either $900 or $1000 bucks for it. A week later I sold it outright for $4000.

Nuke

Unless the dealer thinks that HE can unload it at a good price, I think you'll be disappointed with the dealers appraisal. Matter of fact, I'm almost sure of it. As stated above, I'd try selling it outright. But most folks don't care for that hassle and accept the dealers offer. Bottom line is, they'll get you one way or the other. You want the other vehicle and the dealer can sense your desperation. They're pros. You're cooked unless you can out-******* them.

Lv XLR8N

Unless he has cash to sell it outright, he will find it hard to find anyone to pay the $28k he owes. Although u will get more selling it outright vs taking the dealers offer for it.

If you trade it in, Id try to find the stock airbox cheap and sell off the JLT combo try to recoup as much $ as u can for the truck. Put the stock exhaust back on, and sell the flowmasters.

rangerheave

as it stands right now, the truck im looking at has a sticker of $44,145. With the "A" plan it takes the price down to $38,894. Incentives are $3k factory cash back, $1k for financing with Ford and $750 "Trade assist".

Adjusted price is $34,144.

Im going to wait until after December 3rd to back to the dealership. This is the date each month when the new factory rebates come out. Last month of the year to sell off all of the 2011 models before they start putting the 2012's on the lot. Should be good for another $500-$1500 of incentives in guessing.

Wil

I was thinking of selling mine too but at the end, I knew I would be screwed and end up throwing my money away.

rdsx18

You'd be throwing a lot of money away, either try to sell it outright for what you owe, or don't bother. Just my opinion.

acrbill

I just traded my Base 2011 GT in for a 2011 premium with an auto trans. They offered 21k for the trade and I got them up to 23,300. They tossed it on the lot for $26. Thing is I bought that leftover 2011 that stickered for $37,200 for a tick over $31k. I rolled $1,500 or so of negative equity into the new car.

You should plan on them giving you $21-22k for your 2010 premium. You will obviously have negative equity but you should not have an issue getting a loan since the sticker on the truck is so high. I would go into the dealer next week and get some preliminary numbers. That way you can work back and forth on your trade value and when the rebates come in on the third you will be ready so sign and drive away.