Thanks,

 

Hey, 05fordgt -

You sure about this??

"While the value of the cars do drop about 40-50% the 1st year, the values do climb back up a bit and then slowly decline again. Its normal. "

The 40-50% in a 12 month period sounds WAY out there because that kind of drop has not been my experience. In the first 12 months, I have seen more like 20-30%. I am thinking you made a typo here. Thanks for any clarification!

 

IMO 30% would be more likely on the Mustang.
But, to re-iterate my experiences...
My $30K+ 1999 Buick LeSabre was worth 15K just one year later with low miles.
My point being, it can happen.

 

The more options and bling added, the higher the drop in value. No one goes to a car dealer and asks to see the high mileage luxury vehicle that still costs an arm and a leg.

 

Oh, I have no doubts it could happen...my question was asked because the point was phrased "while the values of cars drop...", without a qualifier that indicated a typical or average frequency, whether for the Mustang or across the industry in total.

 

Hey, Tony
I got great deal today buying new Bright red 2009 V6 fulling loaded with class roof for $19,275.00 for my mom for Chirstmas , been at my Ford local Dealership since last Oct of 08. it only have 22 miles it. plus $1,500.00 rebate to,

 

Frankie - sounds good!

 

I think I type'oed on that one Tony. Its around 30% or so, but depending on the type of car, it can be up to and over 40%. I've seen it. It all depends on the car and what the next model year has in regards to incentives, and such. For example, if someone wanted to trade in a 2009 Edge, the value is based on what a 2010 can be bought at at the time of trade, and what ever the incentives are available (either rebates or APR). Each manufacturer is different.

 

One thing I've learned with regard to resale value is to check the Blue Book before buying to see what trim levels and options bring back the most at trade-in time. Some nice-to-have options add $$$ to the purchase price but bring little or nothing when selling/trading, in my experience.

 

Or you can do what I do and lease the vehicles I don't plan to keep, and drive the ones I buy into the ground.

 

Tony are going buy 2012 GT or 2011 GT?

 

Thanks, Jeff - makes sense! And I full know well how the value on the SN-95 Mach 1s were affected by incentives, as I bought mine early in the run, missing out on the $3000 incentives 8 months later - bummer!

 

I might buy a 2010 GT...I am looking at one that would replace my 2007 and be the new daily driver. While I'd love to buy a 2011 GT, I am thinking daily driving a 400hp car might cost me some serious fuel $$ :-)

 

I wouldn't unless you get a serious rebate. If gas mileage is your thing, you would be much better off getting a 2011 V6.

 

Yes, I am looking at some serious rebates! And regarding gas mileage, a 315 hp V8 that takes 87 octane fuel vs. 400 hp V8 that might need premium, along with what I suspect might be some drop in economy around town when I put my foot down, is enough threshold for me.

That's because the sound and the torque of a V8 are meaningful parts of my daily commuter experience...no disrespect to the upcoming powerful and highway fuel efficient V6 with 6-speed transmission, of course!

 

Tony, I have a good feeling, the 5.0 won't need premium. The reason I say this, as the SHO doesn't need premium either. Ford only says Premium is "recommended" not "required". There is a difference and its great to have choices.

 

I agree 100%, Ford has done a good job so far of keeping the fuel requirements to reg. unleaded on most of their cars. Sure, the premium wakes the car up a little more, but if you're in a pinch, regular will do. I don't suspect the 5.0 will be any different. IIRC, both the Camaro and Challenger run on regular as well, so that would be something else to consider.

 

How much will the well-equipped 2011 GT cost? $40k?

 

I wouldn't say that. I just sold a 2010 Trackpack GT. 5-speed manual, security group, comfort package, standard 500W stereo, and it was just over $35K. If you want Navigation, or the glass roof (or both), yeah, it will reach $40K. But I figure a well-equipped car will still be several thousands less than $40K.

 

Hey Jeff, what would your X-Plan price be for that combo?