Goldenpony

Yeah, I feel bad for the people that paid 5 grand over sticker back in '05 & '06 for regular GTs.

blueherd02gt

WTF did you guys think you were getting? That's why these cars make perfect weekend cars. I sold my 2002 GT in Dec 2006 for $16k because it had low miles. I bought it for $23k inOct of 2001 so a $7k loss isn't that bad IMO. My s197 will be around for as long as I'm alive so I don't care about value. I have other cars for that..

Powder_Coating_Pros

[/align]
More Photos [/align]








Condition
Value





Excellent [/align]
$18,750
[/align]





Good [/align]
$17,705
[/align]





Fair [/align]
$15,895 [/align]


Wow mine was 20k trade in a couple of months ago for good condition!

2008 killed our price.

JasonIsAGeek

You just have to look at cars as analagous to a really expensive computer. There's going to be something 'better' in a year or less and what you bought isn't going to be as extrinsically valuable.

How you feel about the car, on the other hand, has immense value. This is why I plan on keeping mine.

I haven't found build quality on foreign (can they really be foreign if they're made here in the U.S.?) cars to be all that much better. Not really sure why there's so much negative connotation with American car companies. Unless you've happened to have a lot of negative experiences with them. *shrug*

sliek0722

The bluebook value is insignifcant on these cars. Take your car to carmax and tell them to give you bluebook trade in on it. They'll laugh you out of the dealership.

The actual value is about $1500-$2000 less than bluebook. That's because of this online boom where people buy cars online and fly on an airplane to get them. People list their car $1000 below bluebook as it is for a quick sale. Then they get talked down another $1000 and accept because they want to get rid of it. Then everyone else has to drop their price because people are buying it for the cheapest price available.

I can't imagine that you could sell an 02 GT for 16k no matter how low the miles are. If you did, you got lucky. 02 GTs with 50k miles sell for $8500 today.

2cokeman

No worse than any other domestic car!

GidyupGo

Exactly. Lost $4K when it was a block down the road from the dealership. I always get blue book value+ for my trade ins.

Gene K

I paid $24,000 for a new 2007 GT. That $30,000 your using isnt a realistic price.
That was the "Ive got to have it while its HOT" price.

This is about what I would expect to get out of my 2007 in the used market.
2008 - 10,000 mi - $20,000
2009 - 25,000 mi - $18,000
2010 -40,000 mi - $16,000

Thats about $4000 loss the first year and $2,000 a year after that.

You never buy a new care based on economics as its always a losing proposition.

Diabolical!

Only people with more money than sense paid $30,000+ for GT coupes in '05 and '06. I bought my '06 GT brand new with every option except for shaker1000 and paid only $25,000. I knew when I bought it that the value would plummet after a couple of years, but I'm in the habit of modifying my vehicles, so I'm used to losing money through cars.

rshamekh

I'm trying to trade in my car for a manual, but I'm not getting more than $15,000 as a trade in value for my car! I got ita year ago for $21k. Second owner.