Mustang Trade In
6/9/04, 10:02 AM
#1
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I am about to order my 05 GT. I own a blue 2000 GT, fully loaded, with about 39,000 miles in above average shape. I owe less than $3,000 on it through FMC. I don't what the hassle of selling it myself so I want to trade it in towards the new one. There is a lot of advice on the internet about dealership trade-ins, but I still don't have a clue as to what I can reasonably expect from the dealership. Can any of the sales "experts" out there help me with some price info? I live in Dallas, Texas. I really appreaciate all the great pics and info on this site--many thanks to everyone.
6/9/04, 10:55 AM
#3
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6/9/04, 10:56 AM
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Incase you need this info in the future just go to www.kbb.com
Kelly Blue Book will give you the value of your car as a trade in or even if you plan to sell it on your own. Oh yeah... It also tells what the dealer "should sell it for". B)
EDIT: Ahh ghost you beat me!
Jason
Kelly Blue Book will give you the value of your car as a trade in or even if you plan to sell it on your own. Oh yeah... It also tells what the dealer "should sell it for". B)
EDIT: Ahh ghost you beat me!
Jason
6/9/04, 12:01 PM
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In my opinion, it would be worth while to drive to NE Fort Worth and go to 5 Star Ford. Skip, the sales manager is a great guy, and he's already stated on the local Mustang forum that there will be no "market value adjustment". By that, he means that there will be no gouging just because the cars are new and in demand.
6/9/04, 12:44 PM
#6
Originally posted by BLAKE@June 9, 2004, 1:04 PM
In my opinion, it would be worth while to drive to NE Fort Worth and go to 5 Star Ford. Skip, the sales manager is a great guy, and he's already stated on the local Mustang forum that there will be no "market value adjustment". By that, he means that there will be no gouging just because the cars are new and in demand.
In my opinion, it would be worth while to drive to NE Fort Worth and go to 5 Star Ford. Skip, the sales manager is a great guy, and he's already stated on the local Mustang forum that there will be no "market value adjustment". By that, he means that there will be no gouging just because the cars are new and in demand.
6/9/04, 07:57 PM
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KBB Values are lower than the actual retail and trade in value of the vehicle.
I work in the valuation industry, and KBB is a joke due to their influence in the dealer marketplace. The dealers influence KBB, and in turn their values are lower than the actual retail value of the market. For your car, you should get $11.5K out of it if you sell it private party. If you see your car on a dealer lot, the asking price will be more like $12,500+
Black Book is worse.
For the love of God, put your car in the paper for a week and see if anyone purchases it. It will make you at minimum $1000-$1500 more than trading it in, as dealers won't get you close to what the car is worth.
Valuation is regional also.
On the west coast, dealers use KBB, in the midwest, people use Red Book, on the east coast they use NADA and Black Book. It's all subjective. Look on auto trader and see what others are asking for like cars.
I work in the valuation industry, and KBB is a joke due to their influence in the dealer marketplace. The dealers influence KBB, and in turn their values are lower than the actual retail value of the market. For your car, you should get $11.5K out of it if you sell it private party. If you see your car on a dealer lot, the asking price will be more like $12,500+
Black Book is worse.
For the love of God, put your car in the paper for a week and see if anyone purchases it. It will make you at minimum $1000-$1500 more than trading it in, as dealers won't get you close to what the car is worth.
Valuation is regional also.
On the west coast, dealers use KBB, in the midwest, people use Red Book, on the east coast they use NADA and Black Book. It's all subjective. Look on auto trader and see what others are asking for like cars.
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