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Too much money for this 2003 GT Premium convertible?

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Old 08-06-2013, 07:14 PM
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trvsky3256
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Default Too much money for this 2003 GT Premium convertible?

I really want to get a convertible mustang seeing as how I live in San Diego but I don't know enough about them to figure out if this is a good deal or not. The dealer is asking $8,999 for a 5-speed 2003 GT premium convertible that has 77k miles on it. KBB values it at around $13k in excellent condition but edmunds priced it at just over $8k. If I could knock a few hundred off of the asking price, is this GT worth buying for somewhere between $8000 - $9000? Any input would be much appreciated. Thanks!



http://www.tuffcarsusa.com/detail.as...=9899131&.aspx
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Old 08-06-2013, 07:45 PM
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WhiteFaleen2001
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Those seats are interesting. I have never heard of white seats before. Could try and have them knock down the price for that if those aren't original.
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Old 08-08-2013, 03:13 PM
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'02gtgarrett
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seems like an okay deal to me. I payed $9k for my old '02 with 47k miles on it back in 2011. The miles on the one you're looking at are not bad. But for that price i think you could do better and you could do worse. I'd at least check it out and see what you can do.
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Old 08-08-2013, 04:03 PM
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Sonic Mustang
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If the OP is coming on line to ask the value of a car, it means he hasn't looked at enough cars.

He needs to figure out the San Diego GT convertible market by looking at used GT convertibles in San Diego.

Additionally,asking if offering X dollars less is pointless. You need to figure out the local market price first. Figuring out how much less the seller will take depends on the seller.

It seems to me a lot of guys are afraid of coming in with an offer under asking price. Watch a few episodes of Pawn Stars. The worst that can happen is getting rejected, but you can always up your offer.

It would also help to know a little about cars in general and the specific model. I'd knock money off for that aftermarket interior and the clouded headlights. Even if I was looking for a modded car, I'd argue original cars are worth more....

Finally, knowing something about the seller's situation can be the key to getting a good deal. For example I know the principal of a very large Ford store who rotates his used cars every 60 days. If a used car doesn't sell in 60 days, it's wholesaled to the auction. Can you make a better deal on day one or day 59?
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Old 08-08-2013, 05:13 PM
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My02convertible
 
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I think it sounds pretty fair. I just paid 11 for my 02 conv. GT with 21k miles. Car looks pretty clean. Seats are different and headlights look cloudy but all in all a very nice car.
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Old 08-09-2013, 07:16 AM
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luke1333
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looks to be decent. wish it was triple white or black with white top and white seats

and to give you an idea i have 50k miles on my 02 and cant get 10k for it with some suspension upgrades so i would try to work them down
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Old 08-09-2013, 08:50 AM
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cliffyk
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Insist on seeing a CarFax report before even talking price--Always be suspicious of cars being sold by used car dealers, they likely got it at an auction because whoever took it in trade didn't want it. This can be for a number of reasons, not all bad, but look closely at the car's history...
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