dastanley

Hi all,
I'm looking at buying a used 2005 Mustang. As I am a college student, price is an issue and I am concerned about the resale value of the car.

In particular, I'm curious as to how the resale value will be affected when the new 2014 Mustangs come out. Since these cars are purported to have a new style, the 2005-2013 will no longer be the "current" generation. How will this affect their value?

In my specific case, the 2005 Mustang I'm looking at has ~110k miles and is selling for $7500. Are there any ideas how this value would be affected next year when the 2014 Mustang comes out?

Thanks

danzcool

Last I heard the new body was going to a 2015 model, and that was also going to be the 50 year... even though 40 and 45bwere 2004 and 2009. but I could be wrong.
I doubt there is going to be a big price change other than normal depreciation, it's going to be a new style, some will love it/some will hate it.

jdmcbride

The 05-09 models will not be affected by the new body style IMO. The retro theme is well loved and will be cherished by those that decide to keep them. The 05-09 GTs actually held up better than I thought they would when the 11s came out with the new 5.0.

dastanley

I see, thanks for the replies, this is good news.

I kind of assumed the price would drop based on the jump in price between 2004 and 2005 Mustangs. But I guess this is due to other reasons than just the fact that 2005 is the current generation?

ghunt

I looked up my car on KBB a couple weeks ago, and the current TRADE IN value of the car is about what I paid for it. Private party value is a few thousand more. Granted, I got a good deal, but I wouldn't worry that much about resale value. A Mustang is a Mustang-they're always desirable and hold their value better than most other cars.

dastanley

I'm guessing the opinions I get here might be slightly biased considering the forums I am on!

Sounds good though - I can move forward with this purchase now with more confidence knowing it will hold value well. Cheers

claudermilk

What? This forum is biased to Mustangs?! Say it isn't so!

baddog671

If cost:depreciation is a real concern, a Mustang is not for you. The entire mindset behind depreciation is for resell, but we try to take our Stangs to the grave with us

Beyond that, 110k sure is a lot. And people are going to *** with it at school constantly.

Entaille

you're worried about resale value on a likely 3rd/4th owner Mustang with 110k miles (when you take it, probably more like 150-200k+ when you're done with it) ?

you may be overthinking this one.

robs

Bought mine on Craigslist 3 years ago. GT's private party of the same year are still being listed for what I bought mine for.