2010-2014 Mustang Information on The S197 {GenII}

My 2011 GT is selling used, for more...

Old May 13, 2014 | 12:09 PM
  #1  
SVS's Avatar
SVS
Thread Starter
V6 Member
 
Joined: October 8, 2013
Posts: 96
Likes: 0
My 2011 GT is selling used, for more...

...than I paid for mine...
Pretty cool.. I paid 26K (before tax and title) and I see that used 2011 GT's are selling north of this based on a recent search of used GT's. What's the long term thought on the value of the 2011 -2014 GT?
Here is one for sale identical to mine for (asking) $26988



Mine
Reply
Old May 13, 2014 | 12:25 PM
  #2  
puma1552's Avatar
Mach 1 Member
 
Joined: January 12, 2014
Posts: 633
Likes: 0
Keep in mind that's an asking price, the cars likely are selling for less.

You can buy a brand new base GT for $26k-$27k if you look hard enough, so there's no way used ones are holding their value that well.
Reply
Old May 13, 2014 | 12:28 PM
  #3  
RubyRedMCA_Beast's Avatar
Bullitt Member
 
Joined: October 17, 2013
Posts: 428
Likes: 0
From: Metro Detroit
Yeah..we're going to see the value of used late model Mustangs drop a bit more since the new ones have such good deals.

Those that are looking at used rides in that price range will have no problem bumping up to something brand new for a bit more money.

You still got a great deal on your new ride though, not taking anything away from that. When I bought mine last fall the incentives were minimal, luckily I'm A-plan.
Reply
Old May 13, 2014 | 03:30 PM
  #4  
wanted33's Avatar
Shelby GT350 Member
 
Joined: February 26, 2012
Posts: 2,205
Likes: 392
From: Down south in Dixie
I glad I'm not the only one that thinks the price of the used '11's - '12's are too dayum high. I had the fleeting thought of buying a pre-owned just to fiddle with, but after seeing the asking prices I knew this wasn't going to happen. I'll wait until the '15's hit the lot, and see how the used prices go from there.
Reply
Old May 13, 2014 | 05:30 PM
  #5  
wannabe's Avatar
Legacy TMS Member
 
Joined: March 7, 2010
Posts: 993
Likes: 2
From: Texas
Originally Posted by wanted33
I glad I'm not the only one that thinks the price of the used '11's - '12's are too dayum high. I had the fleeting thought of buying a pre-owned just to fiddle with, but after seeing the asking prices I knew this wasn't going to happen. I'll wait until the '15's hit the lot, and see how the used prices go from there.
I wouldn't be looking for the '11-12's to magically drop when the 15s come out. There's too many folks that don't like the new one.
Reply
Old May 13, 2014 | 07:06 PM
  #6  
KushBandit's Avatar
Bullitt Member
 
Joined: April 21, 2014
Posts: 426
Likes: 4
From: IE, SoCal
I paid $24,500 after tax and license for my Ford CPO '11 GT/CS. I see base '11-'12 GTs advertised for 26K and up all over SoCal.

It's pretty ridiculous.
Reply
Old May 14, 2014 | 08:29 AM
  #7  
devilcaninex's Avatar
Bullitt Member
 
Joined: September 24, 2007
Posts: 370
Likes: 2
When I traded in my 08 GT/CS for my 13 GT, the dealership had my 08 (70,000 miles) on the lot for 23k.

They can ask whatever they want. Doesn't mean they will get it.

Same dealer back in 08 had a Shelby KR in the showroom for 125k Lmfao
They sold it year later for 78k

Last edited by devilcaninex; May 14, 2014 at 08:31 AM.
Reply
Old May 14, 2014 | 07:48 PM
  #8  
tstrick9's Avatar
V6 Member
 
Joined: June 19, 2010
Posts: 52
Likes: 0
From: South Carolina
When i traded my 2011 5.0 in march that dealer put $23995 on it and sold it in 3 weeks. It had 22000 miles on it.
Reply
Old May 14, 2014 | 08:05 PM
  #9  
sgallison's Avatar
Bullitt Member
 
Joined: October 24, 2012
Posts: 247
Likes: 0
From: East Lansing Michigan
Lightbulb Too High

That's way too high for an 11. I'd sell my perfect GHIG Premium GT with 3800 miles for $27k & I'd consider that just an OK deal !! Scott
Reply
Old May 15, 2014 | 05:48 AM
  #10  
ace72ace's Avatar
Cobra Member
 
Joined: February 13, 2011
Posts: 1,399
Likes: 0
From: Southern NH
The values for the 11 GT are pretty good. I had checked Edmunds to see what my wife's was worth with 98k on it. The Nav and glass roof added to the bottom line, which was 19.5 trade in, 21.5 private sale and 23.5k dealer retail. Nice!
Reply
Old May 15, 2014 | 10:06 AM
  #11  
puma1552's Avatar
Mach 1 Member
 
Joined: January 12, 2014
Posts: 633
Likes: 0
Originally Posted by ace72ace
The values for the 11 GT are pretty good. I had checked Edmunds to see what my wife's was worth with 98k on it. The Nav and glass roof added to the bottom line, which was 19.5 trade in, 21.5 private sale and 23.5k dealer retail. Nice!
Book values are almost useless, since the dealer will always just pull printouts of what's actually for sale.

Edmunds is usually way, way high - my '13 Jetta that I traded on the Mustang stickered for $26.3k, I paid $24.5k (already below invoice, not much markup on VWs like domestics), drove it for a year and put 18,300 miles on it and Edmunds said my trade value was like $21k.

Meanwhile VW dealers in the area were advertising certified '13s in the same trim with half the miles for just over $19k. In the end with the tax savings on the new car by trading (only pay sales tax on difference between new car and trade), I got the same as selling the car privately for $18.5k, so I couldn't complain (I was given KBB high trade value). My dealer has been trying to sell my car for $20k flat for six weeks now...good luck.
Reply
Old May 15, 2014 | 10:16 AM
  #12  
SVS's Avatar
SVS
Thread Starter
V6 Member
 
Joined: October 8, 2013
Posts: 96
Likes: 0
Originally Posted by ace72ace
The values for the 11 GT are pretty good. I had checked Edmunds to see what my wife's was worth with 98k on it. The Nav and glass roof added to the bottom line, which was 19.5 trade in, 21.5 private sale and 23.5k dealer retail. Nice!


with 98k on it.


She must have an insane commute to log that many miles
Reply
Old May 15, 2014 | 01:44 PM
  #13  
wanted33's Avatar
Shelby GT350 Member
 
Joined: February 26, 2012
Posts: 2,205
Likes: 392
From: Down south in Dixie
Originally Posted by wannabe
I wouldn't be looking for the '11-12's to magically drop when the 15s come out. There's too many folks that don't like the new one.

Oh, I have no illusions at all that I'll buy one. It was just a little dream. One thing though, it's good to see they do hold value.
Reply
Old May 20, 2014 | 10:05 AM
  #14  
scott9050's Avatar
GT Member
 
Joined: April 9, 2014
Posts: 127
Likes: 0
Even high mile 5.0's are holding their value.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Infamous_blackbeard
Introductions
5
Oct 8, 2015 10:45 PM
MustangConvert11
'10-14 V6 Modifications
2
Sep 30, 2015 08:01 PM


Thread Tools
Search this Thread

All times are GMT -6. The time now is 03:21 AM.