2005-2009 Mustang Information on The S197 {Gen1}

Depreciation hit... OUCH!

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Old Oct 15, 2005 | 09:09 AM
  #1  
daveyramone's Avatar
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From: Victoria BC
Grabbed the latest AutoTrader last night and low and behold, there's a 2005 GT in there with 14,000 kilometers on the odo for $25,900 Canadian! That's $10K off new MSRP for a mere 14K kms. Scary seeing that mine's got 12K on the clock already. Who would have thought the values would plummet this fast!?!
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Old Oct 15, 2005 | 09:14 AM
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Maybe where you are at. I just saw a used 1 for 32K.
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Old Oct 15, 2005 | 09:16 AM
  #3  
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From: Volo, IL
When you have a sports car that is made in almost 200,000 units a year...you can't expect it to hold its price...

Its just part of having the best value car around...
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Old Oct 15, 2005 | 09:31 AM
  #4  
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they offered me 30k for my 06
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Old Oct 15, 2005 | 09:53 AM
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Thats strange because in Georgia dealers have prices on a used GT as high as a new 06. I saw a black GT that had 11,000 miles with ICAP,IUP, Shaker 1000, and air bags for 29K. They had a 2006 with almost the same options for 30K
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Old Oct 15, 2005 | 10:15 AM
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Originally posted by Southern_stang@October 15, 2005, 11:56 AM
Thats strange because in Georgia dealers have prices on a used GT as high as a new 06. I saw a black GT that had 11,000 miles with ICAP,IUP, Shaker 1000, and air bags for 29K. They had a 2006 with almost the same options for 30K
It's about the same where I am at, at least on the GT anyways. All these dealers around here hardly have a GT in stock, so with that kind of demand, the used ones are going for high dollar.
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Old Oct 15, 2005 | 11:34 AM
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local dealer has an 05GT coupe, 14k miles ICAP, torch red, "certified" used with warranty for 35K, my guy there admits its high and they will most likly deal on it, but if someone wants it bad enough, its theirs
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Old Oct 15, 2005 | 12:09 PM
  #8  
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Originally posted by daveyramone@October 15, 2005, 10:12 AM
Grabbed the latest AutoTrader last night and low and behold, there's a 2005 GT in there with 14,000 kilometers on the odo for $25,900 Canadian! That's $10K off new MSRP for a mere 14K kms. Scary seeing that mine's got 12K on the clock already. Who would have thought the values would plummet this fast!?!
I don't personally care what my 06 GT will be worth, because I will probably never sell it.

I bought my 66 Shelby GT in HS for a mere $3800 (lots of money back then), it's now probably worth $80K - $100K plus.

Don't worry; just drive it like you stole it!
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