new BUY 04 gt
11-07-2011, 08:30 PM
#1
2nd Gear Member
Thread Starter
Join Date: Feb 2007
Location: Maryland
Posts: 342
new BUY 04 gt
Im looking at a 2004 GT with 28000MI. the car seems to be in great shape, haven't driven it yet but the guy sounds old, he works on the local base and he said it was a weekend driver. He's asking $12,200 does this sound like a good deal? Thanks for your help
11-07-2011, 09:35 PM
#2
speed'n
Join Date: Apr 2009
Location: MN
Posts: 2,248
If you could get it for about 1500 dollars less I'd say it would. I'd lowball him and them make him work down as you work up until you get what you want. Now this all considering you like the car and it check outs okay.
11-09-2011, 09:06 PM
#6
2nd Gear Member
Join Date: Sep 2011
Location: Nebraska
Posts: 194
Being a 04 with 28k I think you are doing ok on that deal for the gt. What you can buy for the money is a completely different thing so don't worry about that. I'm happy as hell with my gt even though it doesn't have a 4v.
11-10-2011, 01:00 AM
#7
Moderator
Join Date: Sep 2007
Location: Michigan
Posts: 3,264
Every time I come onto a forum about a price everybody says oh "this" car isnt worth that blah blah. Sometimes that is true. But what it's worth and what it will sell for are different. I paid $14,500 for my Mach. I'd say it wasnt a smoking deal, but not too bad either. I'd say around $11,000 for a GT IMO. It's it's really that nice of a car and it's exactly what you want, bite the bullet and spend $12,500.
11-20-2011, 01:19 PM
#10
TECH SAVANT
Join Date: Dec 2006
Location: Saint Augustine, FL
Posts: 10,938
I paid $12k for my '03 GT with 30k miles on it--in December of 2006...
A very motivated seller, he had planned on a quick private sale to pay off the loan so he went out and bought a brand new F-250 King Cab diesel 4x4 for 0% down. Next he found out that selling a car in a private sale, for more than $8k to $10k, is rather difficult--banks don't like to finance them, few people have that kind of cash lying about, and those that do are not interested in 3-year old modified Mustangs.
By the time I saw it he had it advertised for over 5 months (eBay and AutoTrader for $16k down to $13.5k) with nothing but tire kickers looking at it.
Someplace over that time his GF got into that "delicate" condition, they got married and he inherited the payment on her 2005 BMW; 325 to go along with the notes on the Mustang and the F-250.
A very nice fellow, I asked him "What do you owe on it?"
Turned out to be $12k, so he and I went to the bank and got the title...
A very motivated seller, he had planned on a quick private sale to pay off the loan so he went out and bought a brand new F-250 King Cab diesel 4x4 for 0% down. Next he found out that selling a car in a private sale, for more than $8k to $10k, is rather difficult--banks don't like to finance them, few people have that kind of cash lying about, and those that do are not interested in 3-year old modified Mustangs.
By the time I saw it he had it advertised for over 5 months (eBay and AutoTrader for $16k down to $13.5k) with nothing but tire kickers looking at it.
Someplace over that time his GF got into that "delicate" condition, they got married and he inherited the payment on her 2005 BMW; 325 to go along with the notes on the Mustang and the F-250.
A very nice fellow, I asked him "What do you owe on it?"
Turned out to be $12k, so he and I went to the bank and got the title...