How much is my mustang worth?
#1
How much is my mustang worth?
Hey guys, I have toying around with the idea of selling my mustang to save for a newer one. With the mods I have, how much do you think is fair? It has 52,000 miles on it, in great condition.
To be honest, I probably won't sell, lol. I'm attached to this one and the big thing is, it's paid off. But it is getting old...
Thanks for reading.
To be honest, I probably won't sell, lol. I'm attached to this one and the big thing is, it's paid off. But it is getting old...
Thanks for reading.
#3
I don't want to be that guy, but here is my opinion. You have a very nice car and I bet it is a blast to drive, just keep that in mind. There is one little problem, the KBB for a 2011 GT Premium isn't all that much more expensive than yours considering it is four years younger. There is about a $4500 price difference. It’s already at a little over 400 hp (granted that’s not at the wheel). The big thing here is there is still tons and tons of room to grow. According to American Muscle, the Vortect V3 for the 11 GT will sit the car at 605 HP and 473 lb/ft tq. Then comes the additional 5-20 hp and tq things like exhaust, cai/tune, throttle body, etc.
I’d take about ½ the price of the supercharger, complete exhaust system, drive shaft, and maybe the short throw. In my experience, rims and tires don’t tend to add a lot of value (if any really); same for most cosmetic mods. Then add that number to the KBB of about $14,000. I’m lazy and I’m just gonna guess in the $20k range. I think the best option would be for you to find someone who wants a built car, but doesn’t actually want to build it themselves.
TL;DR- Trying to include your mods into the price makes an almost 10 year old car the same price as a 3-4 year old car.
I’d take about ½ the price of the supercharger, complete exhaust system, drive shaft, and maybe the short throw. In my experience, rims and tires don’t tend to add a lot of value (if any really); same for most cosmetic mods. Then add that number to the KBB of about $14,000. I’m lazy and I’m just gonna guess in the $20k range. I think the best option would be for you to find someone who wants a built car, but doesn’t actually want to build it themselves.
TL;DR- Trying to include your mods into the price makes an almost 10 year old car the same price as a 3-4 year old car.
#5
Mods don't add value, they just narrow your customer base. Few people want to buy a modified car, even a nicely done one. You might get 20 out of it to the right person, if you gave everything away with it but, for roughly that, in the US, you can get an 11-12 Coyote which is a better platform and that makes your negotiating position weaker. You put a lot into this, if you are still happy, honour that and stick with it. One of the great gifts of age and wisdom is I know when I'm happy and enough's enough.
#7
I had an '87 Turbo Coupe I bought for $1250 in 2003. I put tons of work into that car, mild engine build, new clutch, subframe connectors, etc. All told I probably sank $4000 into that car during the 7 years I owned it. Unfortunately it had gotten a bad repaint during its life and the clearcoat started peeling off the top of the car about 3 years after I got it, and it had some light body damage.
In 2010 I finally decided I wanted to get rid of it and move on...so here I have this 20+ year old car that I put all this time and money into, and it looks like hell. Had very little interest in it and ended up taking $2000 for it just so I could get rid of it. What can you do...
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03-11-2016 01:33 PM