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.

 

Trade-In Value (good condition)
$9,000

Private Party Value (good condition)
$10,700

 

Kelly Blue Book
Edmund's Appraisal

 

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

 

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.

 

http://forums.bradbarnett.net/index.php?showtopic=2490

 

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.

 

Thanks to all of you for the great advice. When the due date arrives for the new car I may try selling my current car through the newspaper before trading it in.

 

If you are getting a 2005, sell it now! By sitting on it for 6 months, it's only going to depreciate more...

 

Yup, I sold mine 6 months ago

 

if you only owe 3,000 why not just pay it off and keep it for a beater?

 

That's a high insurance price tag for a beater.