Looking at buying a new mustang! Just a few questions....
08-09-2008, 12:12 PM
#11
Cut & Paste Expert
Join Date: May 2007
Location: NW Arkansas
Posts: 13,322
RE: Looking at buying a new mustang! Just a few questions....
Own it or trade it in, either way.
OWNER LOYALTY CASH
It has to be a98 year model or newer.
I think you have to prove ownership
and jump thru a hoop thats on fire.
$2,000 Customer Cash + $2,000 Owner Loyalty Cash + $500 Ford Credit Bonus Cash. Owner Loyalty Cash available to customers that currently own or lease a 1998 or newer Ford car, SUV, or truck through F-550 and purchase a new 2008 Mustang. Offer not available on Red Carpet Lease or with Lease Renewal Cash. Proof of ownership required. Trade-in not required. Ford Credit Bonus Cash requires Ford Credit financing. Not all buyers will qualify. Residency restrictions apply. Excludes Mustang Shelby GT, GT Bullitt, and Shelby GT500. Take new retail delivery from dealer stock by 9/2/2008. See dealer for qualifications and complete details. *EPA-estimated 17 city, 26 hwy mpg, V6 manual transmission. Based on CYTD sales 1985-2008.
OWNER LOYALTY CASH
It has to be a98 year model or newer.
I think you have to prove ownership
and jump thru a hoop thats on fire.
$2,000 Customer Cash + $2,000 Owner Loyalty Cash + $500 Ford Credit Bonus Cash. Owner Loyalty Cash available to customers that currently own or lease a 1998 or newer Ford car, SUV, or truck through F-550 and purchase a new 2008 Mustang. Offer not available on Red Carpet Lease or with Lease Renewal Cash. Proof of ownership required. Trade-in not required. Ford Credit Bonus Cash requires Ford Credit financing. Not all buyers will qualify. Residency restrictions apply. Excludes Mustang Shelby GT, GT Bullitt, and Shelby GT500. Take new retail delivery from dealer stock by 9/2/2008. See dealer for qualifications and complete details. *EPA-estimated 17 city, 26 hwy mpg, V6 manual transmission. Based on CYTD sales 1985-2008.
08-09-2008, 01:11 PM
#12
3rd Gear Member
Join Date: Jun 2008
Location: Land of Lincoln
Posts: 707
RE: Looking at buying a new mustang! Just a few questions....
Good luck getting rid of the truck. You need to sell it outright...no dealer is going to give you ANYWHERE near KBB or NADA...expect 60-70% of "good" trade in...max. Some dealers dont even want them at all.
FWIW, I just picked up a loaded 208 V6 premium pony with everything...leather, heated seats, abs etc...beautiful car and drives/handles great. Been averaging 26 mpg too (400 miles per tank)...as my daily driver, I could not be happier! Out the door for cash it was $20K (taxes were on me). I had $2500 in rebates in there I believe.
Some extra bucks for some gofast parts, tune etc...and I have a screaming deal...could not be happier.
I dumped my Durango...12 mpg was just silly. I lucked out and found someone with horses that needed a trailer puller. I did ok on it. Trade-in was around $17K...the highest offer I got from three dealers was $11K...ouch! Sold it for $18K cash.
If you are flexible...look into Carmax. They have great prices and literally hundreds of Mustangs to pick from. They will ship them from any location to an east coast location for a small fee if you arrange a deal. Gotta dump that truck though first.
I live in St. Louis where they make the Ram's. There are 50K+ new trucks sitting in their hold lot with no place to go....it is literally 1000 acres of new trucks with no buyers...amazing. Dodge can turn them out at full bore or shut down...there is no in between. That flood of new trucks with $7-12K rebates is killing your value.
FWIW, I just picked up a loaded 208 V6 premium pony with everything...leather, heated seats, abs etc...beautiful car and drives/handles great. Been averaging 26 mpg too (400 miles per tank)...as my daily driver, I could not be happier! Out the door for cash it was $20K (taxes were on me). I had $2500 in rebates in there I believe.
Some extra bucks for some gofast parts, tune etc...and I have a screaming deal...could not be happier.
I dumped my Durango...12 mpg was just silly. I lucked out and found someone with horses that needed a trailer puller. I did ok on it. Trade-in was around $17K...the highest offer I got from three dealers was $11K...ouch! Sold it for $18K cash.
If you are flexible...look into Carmax. They have great prices and literally hundreds of Mustangs to pick from. They will ship them from any location to an east coast location for a small fee if you arrange a deal. Gotta dump that truck though first.
I live in St. Louis where they make the Ram's. There are 50K+ new trucks sitting in their hold lot with no place to go....it is literally 1000 acres of new trucks with no buyers...amazing. Dodge can turn them out at full bore or shut down...there is no in between. That flood of new trucks with $7-12K rebates is killing your value.
08-09-2008, 01:33 PM
#13
1st Gear Member
Join Date: Jul 2007
Location: Michigan
Posts: 101
RE: Looking at buying a new mustang! Just a few questions....
I just got back from the MCA show in Oakville, ON. The local dealer had a '09 Shelby GT 500 on display there. On the window sticker they were giving a $1000 off the MSRP price if bought at the show! I was surprised at this as all the dealers in Michigan, where I'm from are still jacking up the prices on any GT500. It also said on this car that they wouldtake XYZ plan discounts offall their remaining 08 Shelby cars in stock.....WOW! So, if they are doing this for Shelby Mustangs I can only wonder what kind of discounts you might get on regular '08 GT Mustangs in their stock. I don't remember the dealer name but they are somewhere in the Oakville, ON area. Might be worth checking out.
08-09-2008, 01:56 PM
#14
3rd Gear Member
Join Date: May 2006
Location:
Posts: 700
RE: Looking at buying a new mustang! Just a few questions....
If you're looking to purchase new, then you should probably wait for the refresh. You're only a few months away.
The 2009 model year is abbreviated. The new 2010 Mustang will be here in the first few months of 2009 to compete with the Camaro.
Your truck has probably depreciated quite a bit because of the gas crisis. (Mustang prices have been dropping, too!) Have you consider buying looking at used cars? My 2006 GT has 9,500 miles on it and I doubt it's worth anywhere near $20k on a trade in.
I've owned eight cars. Six used and two used. I may not buy a new car again. There's always a 4 or 5 year old, well kept, low mileage vehicle out there.
A quick search on Autotrader.com for a:
2005+ Mustang GT
Automatic
< 15,000 miles
< $22,000
< 100 miles of where I live...
Netted about 40 cars! Convertibles and coupes. There are no shortages of used, near mint Mustangs out there.
If you just want a V6, then you can pick up an '07 for about $15k. It took about 30 seconds for me to find several online with about 10k to 15k miles on them....some convertibles, some coupes.
Why look at only 2008 models? What's the advantage? Warranty? Cars are built so well nowadays that I consider anything under 20k miles to be new.
Heck, even a Mustang with 50k miles should last you at least 100k or 150k miles with out much trouble. Probably longer than that.
The 2009 model year is abbreviated. The new 2010 Mustang will be here in the first few months of 2009 to compete with the Camaro.
Your truck has probably depreciated quite a bit because of the gas crisis. (Mustang prices have been dropping, too!) Have you consider buying looking at used cars? My 2006 GT has 9,500 miles on it and I doubt it's worth anywhere near $20k on a trade in.
I've owned eight cars. Six used and two used. I may not buy a new car again. There's always a 4 or 5 year old, well kept, low mileage vehicle out there.
A quick search on Autotrader.com for a:
2005+ Mustang GT
Automatic
< 15,000 miles
< $22,000
< 100 miles of where I live...
Netted about 40 cars! Convertibles and coupes. There are no shortages of used, near mint Mustangs out there.
If you just want a V6, then you can pick up an '07 for about $15k. It took about 30 seconds for me to find several online with about 10k to 15k miles on them....some convertibles, some coupes.
Why look at only 2008 models? What's the advantage? Warranty? Cars are built so well nowadays that I consider anything under 20k miles to be new.
Heck, even a Mustang with 50k miles should last you at least 100k or 150k miles with out much trouble. Probably longer than that.
08-09-2008, 02:30 PM
#15
1st Gear Member
Thread Starter
Join Date: Nov 2006
Location: Ontario
Posts: 66
RE: Looking at buying a new mustang! Just a few questions....
Thank you all for your help. I have managed to find a Mustang GT, with leather and most goodies, for pretty cheap. Lots of chit chat with the dealer, and he marked it down to 22k. I cannot argue with that at all for brand new! Provided I can toss the truck, I'll be picking it up.
Yeah, I have noticed the issue. The truck I have is a pretty fancy one though, so it's not quite as badly priced as other trucks. Dealerships are offering 12-20k for it, and the one that gave me the nice deal on the mustang even gave me advice on how to do a private sale. Says I should be able to sell it for 23-24k. So we'll see how that goes.
Can't wait to get a mustang again!
ORIGINAL: illin
Good luck getting rid of the truck. You need to sell it outright...no dealer is going to give you ANYWHERE near KBB or NADA...expect 60-70% of "good" trade in...max. Some dealers dont even want them at all.
Good luck getting rid of the truck. You need to sell it outright...no dealer is going to give you ANYWHERE near KBB or NADA...expect 60-70% of "good" trade in...max. Some dealers dont even want them at all.
Can't wait to get a mustang again!
08-09-2008, 05:03 PM
#17
Join Date: Jul 2008
Posts: 38
RE: Looking at buying a new mustang! Just a few questions....
i dont know if you want a v6 or v8 but here in nashville they are HURTING for sales i was up there actually the other day and saw a 08 v6 with pony package and they said they would let it go for 15,500 which we all no isnt quit the bottom dollar and the v8's are very low 20's high 19's
08-09-2008, 10:18 PM
#18
3rd Gear Member
Join Date: Apr 2008
Location: Kingston, TN
Posts: 734
RE: Looking at buying a new mustang! Just a few questions....
ORIGINAL: illin
Good luck getting rid of the truck. You need to sell it outright...no dealer is going to give you ANYWHERE near KBB or NADA...expect 60-70% of "good" trade in...max. Some dealers dont even want them at all.
FWIW, I just picked up a loaded 208 V6 premium pony with everything...leather, heated seats, abs etc...beautiful car and drives/handles great. Been averaging 26 mpg too (400 miles per tank)...as my daily driver, I could not be happier! Out the door for cash it was $20K (taxes were on me). I had $2500 in rebates in there I believe.
Some extra bucks for some gofast parts, tune etc...and I have a screaming deal...could not be happier.
I dumped my Durango...12 mpg was just silly. I lucked out and found someone with horses that needed a trailer puller. I did ok on it. Trade-in was around $17K...the highest offer I got from three dealers was $11K...ouch! Sold it for $18K cash.
If you are flexible...look into Carmax. They have great prices and literally hundreds of Mustangs to pick from. They will ship them from any location to an east coast location for a small fee if you arrange a deal. Gotta dump that truck though first.
I live in St. Louis where they make the Ram's. There are 50K+ new trucks sitting in their hold lot with no place to go....it is literally 1000 acres of new trucks with no buyers...amazing. Dodge can turn them out at full bore or shut down...there is no in between. That flood of new trucks with $7-12K rebates is killing your value.
Good luck getting rid of the truck. You need to sell it outright...no dealer is going to give you ANYWHERE near KBB or NADA...expect 60-70% of "good" trade in...max. Some dealers dont even want them at all.
FWIW, I just picked up a loaded 208 V6 premium pony with everything...leather, heated seats, abs etc...beautiful car and drives/handles great. Been averaging 26 mpg too (400 miles per tank)...as my daily driver, I could not be happier! Out the door for cash it was $20K (taxes were on me). I had $2500 in rebates in there I believe.
Some extra bucks for some gofast parts, tune etc...and I have a screaming deal...could not be happier.
I dumped my Durango...12 mpg was just silly. I lucked out and found someone with horses that needed a trailer puller. I did ok on it. Trade-in was around $17K...the highest offer I got from three dealers was $11K...ouch! Sold it for $18K cash.
If you are flexible...look into Carmax. They have great prices and literally hundreds of Mustangs to pick from. They will ship them from any location to an east coast location for a small fee if you arrange a deal. Gotta dump that truck though first.
I live in St. Louis where they make the Ram's. There are 50K+ new trucks sitting in their hold lot with no place to go....it is literally 1000 acres of new trucks with no buyers...amazing. Dodge can turn them out at full bore or shut down...there is no in between. That flood of new trucks with $7-12K rebates is killing your value.
well when i was gonna trade my truck in for an 08 charger (v6) all the dealers were quoting me 12,000 - 13,000 for my truck and knocking off some off the charger, anyway the best deal was $12,000 difference for a $21,000 sticker price car....went to the ford dealer and they said they would give me 16,900 for my truck, and out the door for a $28,100 mustang they did $8,000 tax and all...they are asking $21,000 now for the truck and suggested retail on it is only 19,000 lol...the guy that gave me the number for my truck just called his friend from the dodge dealer and without even looking at the truck told the guy thats what it as worth and the guy took it, dumbasses but whatever lol
08-10-2008, 03:27 AM
#19
4th Gear Member
Join Date: Dec 2007
Location: Pacific Palisades, CA
Posts: 1,834
RE: Looking at buying a new mustang! Just a few questions....
some dealers also still have some 07's lying around. they'll offer you a great deal, but at the dealership where i got mine (galpin) the 07's they had were either ridiculously priced saleen pj's or riced out moded from gas of course 07 gt's with hideous interiors.
hope that didn't make buying an 07 horrifying.
hope that didn't make buying an 07 horrifying.
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