It seems to me, at least in my part of the US (Phoenix, AZ), that the prices on used Mustangs are pretty high. For example... 2008 GT base. The only thing I wish it had were gears.
http://usedroberthorneford.netlook.c...a-a800051.html

Original sticker on the car was $27,905. I can't seem to figure out when it was built. Maybe the PDF stickers don't show that info? So really, this car could physically be 3 years old. Low mileage though.
http://fordlabels.webview.biz/webvie...HT82H485169929
Of course I have no way of knowing what the original owner paid, how many owners the car has had, etc, but only 20% depreciation over 3 model years? I would expect it to be "worth" (being subjective, of course) around $16-17k. Am I being unreasonable, keeping regional fluctuations out of the equation?
IOW, how hard would me *** be kicked if I offered that to the dealer?
j/k..... no, really, how hard?

That's only one example, but it seems to be the norm. If I can walk in and buy a leftover '10 GT for 24-25k, these used ones should be cheap.

 

The worst they can say is NO.
I offered below KBB blue book wholesale (trade in value) for my latest car.
The salesman said "no way" when I told him what I was willing to pay.
I checked the car out carefully and liked it.
I sat with him in the showroom and let him know I would buy today at my price.
I only had to go up a couple hundred before they gave in.
I was still under trade in value including all fees out the door.
What matters is what they paid for it and they ain't tellin'.
You have to make an educated guess, stand pat and hope they can let it go cheap.
Always be very willing to walk away.
https://themustangsource.com/f657/wh...-again-483883/

 

I always search autotrader and ebay etc and I definetly noticed that the 05-09 prices are up. I have heard several different opinions about the subject. I have seen 07 GT's with 12k miles for 27K!! I'm not selling but the prices for the 05-09 are high right now from what I can see. emoticon - dunno

 

I am impressed by the resell values of these cars. When my car got in an accident, I was told the value was around $21k. That was back in Nov 09. My car is an 05 GT with about 14,000 miles and very clean.

 

In my opinion, the 05-09 body is the next 69 mustang...prior to 05(and after) I'd bet at least half of the folks on earth woulda picked the 69 fastback as the best looking mustang, and I'd be one of them- but the 05 is a real close second looks-wise, and infinitely better every other way...classic looks never go out of style. the latest version is even better by any yardstick except possibly looks, but IMO the 10~14 wont be seen as one of the best looking mustangs ten years from now- mostly it looks good, but IMO the 05 was a lot better.

With most of the new GTs Ive seen magazine tested, the new ones are most often stickered in the mid/high 30s, and I think thats definitely not a good number for a v8 Mustang. IMO Ford needs to get that basic GT back down in the 25xxx range tops...that can still be a 500.00 payment, and these days just cant see many folks signing up for 6~700.00 car payments. So its got a high tech engine- AAI's tooling should be mostly written off already, new external sheetmetal dies arent cheep, but compared to the massive undertaking of engineering/building the 100% new 05, its pennies on the dollar...wish they could see things from that standpoint too. I just really think the stripper GT should be available for 25- and still be profitable...if mustang volume dips even lower due to percieved 'out of my pricerange' issues, it will be a sad day.

My neighbor(78 yrs old) was looking again, saw a 10 Shelby they wanted 57 for, he said just no way a mustang should cost that much, and I agree...think maybe he's regretting not getting a new 09 when he could- deals then were everywhere...

so, high trade in I attribute to:
1) better looking than the new one
2) were really a bargain new, compared to the new ones now

 

I know others have debated this with you before but looks are subjective. I don't see the minor changes being a deal breaker for most buyers. Some people complain about the rear but truthfully I don't think Ford got it right back in 05 either. The rest of the car is just as retro in fact more agressive than the 05 car. The reaction to the 10-up car reminds me quite a bit of the release of the 1999 model. After the fox-body was laid to rest the new for 1994 Mustang seemed as big a deal as any Mustang before it and many consider it the first retro inspired Mustang. This car was embraced and loved a great deal and when the 1999 came out there was a backlash of people who didn't like the styling. After a couple years people got used to the newer look and in my estimation more people like the look of the 99-04 car more now than the 94-98 car (like the 10- up cars I'm sure more power and refinement didn't hurt either) The whole deal with the 1969 Mustang being the best looking ever is also subjective. Most consider the 1965-70 as the best looking ones (though I personally agree 69-70 is my fav too) I think the reason for the high ASKING PRICES are that the newer higher content cars cost much more. IT is sad and I agree that Ford may be pricing the car out of it's current market but then again all makes and models of cars in general go up in price year after year. If the consumer wants 400+HP, 6 gears, navigation, a decent interior and more it is going to drive up the cost.

I think the particular cars posted are overpriced and I have seen low mile 05-09 GTs sell more much less. As far as it being a bargain new I also disagree the sticker price for the 09 GT is only within a couple thousand of the 11 model. Keep in mind where the extra money is going... we are not talking a 40HP bump like we got in 05 we are talking 100HP bump in the GT don't forget finally getting a 6th gear, hell a new V6 has more HP than the mighty 05 Mustang GT.... I think it is a simple case of getting what you pay for and also some people ask too much for the vehicle.
Don't mean to be out of line but I guess we have a difference in opinion. just my .02

 

I just read an article in a newspaper this morning that mentioned that used car prices have risen as much as 30% in the last year. The reasons listed included less available used cars on the market due to last year's cash for clunkers program. Other key factors include that during the automotive downward spiral of sales led to most car companies offering less vehicles for lease which once again provided less used cars on the market. Finally another reason is the economy. So hope this helps explain why used Mustangs are selling as high as they are. I'm pretty surprised considering that 09 GTs brand new could have been had for the price of some of these used models.

 

When I bought my used '06 GT Vert Premium in April '09, I only paid $14,500. Granted it had a decent number of miles on it (about 60K), but I think I got a pretty good deal.

Always make an offer - don't accept sticker price on any car

 

then why cant I sell my shelby for 25.5k?

https://themustangsource.com/f721/20...lby-gt-483890/

 

you need to look around more. im in phoenix, and i know of 05-09 gts for cheap, one of them for under 12k (and at a dealer to boot)

 

Fazm, are you talking about the screamin' yellow '05 on Power's discount lot with over 100,000 miles? Maybe there's a reason there are no pictures of it online. I've debated driving down to look at it, just for grins.

 

I think the main thing to understand here is that for true value assessments you can't look at what a vehicle is listed for. You instead need to look at what they are selling for.

I can list my car for sale at $25,000 all day long. That doesn't mean it's going to sell at that price. In this market I don't see anybody getting over 20,000 for any 05-09 GT unless it's superbly mint with ultra low miles and you find the right buyer that wants that specific car.

 

just remember that it is easier to walk down hill then to fight up hill.

its would be hard for a dealer to ask for more money once you get to the dealer then to over charge and drop 5k off.

 

Current vehicle prices dictate what used car prices are. If current new models are priced high, the late model used market will reflect that of new vehicles (have higher resale). Some people are not willing to pay 37k for a GT.

 

I agree but I think this will be short term. Once the 5.0 cars become more common and more readily available I think the 05-09 cars will drop a great deal. For some reason It seems that GT500 prices are dropping more than GT prices. Part of the problem right now seems that there are not many base optioned cars on dealer lots. I remember this being a problem for a lot of people when the 2005 came out. People were having a hard time finding GTs and few of them had manual transmissions. Now with the 2011 every GT I see at local dealerships are premium models with many over or near $40,000 for the GT and about $30,000 for a V6.