Try to sell your car Private Party. Best way is to look at asking prices for similar Mustangs and price yours $1,000 less.

With the new 2010's in the trade-in on earlier S197's has dropped like a rock. The OP will not get much for a car with 30,000 miles. And no car with that many miles qualifies as "Excellent". Those prices are for collector cars that have no miles.

I advise anyone considering trading up to do the math first. First, figure out how much a new, $35,000 2010 GT is going to cost, including the insurance. Oh, and don't expect good finance rates. The banks are squeezing onto the TARP money so hard that they are trying to squeeze more pennies out of it. They wanted over 6% for a mere $10,000 loan and I have a FICO of 829.

Do not go to the dealer expecting to get $15,000 for your used Mustang. It won't happen. Look at the lowest KBB trade-in and then deduct $3-5,000K. Is it really easier to just do a trade-in while losing that much money that you could get by selling it yourself?
Spend the money on advertising your Mustang and showing it over the weekend.

 

excellent advice

I wish more people were aware of the actual Trade-in process. And that the Auction Prices were available to the public at large.

It would make the whole trading process easier...and more honest. It's kinda bull**** that the Dealerships are able to hide these transactions and charge on average $5-6k of pure profit over what they actually paid for a car.


very common. the new Pony (2010) is on the block and nobody wants the older models now.

It happens every single time a "new" model comes out. Give it a few months.



New car sales aren't recovered yet...and this Cash 4 Clunkers crap is going to drive up the Used Car Market. All of the cheap POS cars are getting canned and people are still going to need decent used cars that aren't at new car prices.

In a few months the 05-09 Mustang prices will stabilize out. Right now the 2010's are just killing our resale value. Nature of the game.