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Should I buy 2005 Mustang coupe with 71,000 miles?

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Old Oct 12, 2008 | 11:40 AM
  #1  
corsair13's Avatar
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Should I buy 2005 Mustang coupe with 71,000 miles?

Greetings...
I am looking at a clean 2005 V6 coupe with 71,000 miles.
It is priced at $11,000 on a dealer's lot.
My concern is the mileage.
Any idea what "high mileage" is on these cars?
Any help appreciated!
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Old Oct 12, 2008 | 06:13 PM
  #2  
topoffGT's Avatar
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Joined: November 13, 2006
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From: Fort Mill, SC
I agree, the mileage is too high for $11k. You can get a much lower mileage V6 from a private seller at that price. Do a search on Autotrader. The way the economy is now, I'd make an offer on a car and walk away if they don't take it. Move on to the next car until someone bites. Be patient and you'll get a great deal.

I wouldn't buy an 05 V6 without the pony package. It comes with upgraded suspension and fog lights in the grille. Good luck!
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Old Oct 12, 2008 | 06:43 PM
  #3  
Glenn's Avatar
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Joined: August 7, 2006
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From: In Boredom
what Topoff said or for a few bucks more get one with a lot fewer miles on it
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Old Oct 12, 2008 | 09:04 PM
  #4  
SD CALSPCL's Avatar
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From: South Dakota
For what it is worth, $11,000 is way over the top for that mileage. A friend, who is in the business once told me to subtract $2000 to $3000 off the asking price, for a used car, at a dealership. Then you are more in line with what the car is worth.

Make them an offer of $8500. and ask for an extended warranty on the powertrain. Asking for anything never hurts, all they can do is say.."no". The $8500 offer lets you negotiate to $9000, if you are comfortable with that amount. But only in $100. increments. Make them earn the money.,

And, remember, you are in the position of power, you have the checkbook. Don't let them browbeat you. Just walk away. If they really want to sell it, they will stop you or call you the next day. If you have your own financing, walk in with a check in the amount you want to offer. That let's them know you are serious, and it is a take it or leave it deal.

I took a week to make the deal on my 07 Mustang GT/CS. Drove the dealership nuts, but I got everything I wanted.

It is a buyer's market!! Good luck.
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Old Oct 12, 2008 | 10:23 PM
  #5  
jay_wx's Avatar
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Joined: August 23, 2004
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From: Austin TX
Dealership here in central TX was selling base Mustangs for 13,999, no way I'd pay that much for one with that kind of mileage. You can definitely find a much better deal!
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Old Oct 13, 2008 | 07:57 PM
  #6  
the procrastinator's Avatar
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Joined: February 17, 2008
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Originally Posted by SD CALSPCL
For what it is worth, $11,000 is way over the top for that mileage. A friend, who is in the business once told me to subtract $2000 to $3000 off the asking price, for a used car, at a dealership. Then you are more in line with what the car is worth.

Make them an offer of $8500. and ask for an extended warranty on the powertrain. Asking for anything never hurts, all they can do is say.."no". The $8500 offer lets you negotiate to $9000, if you are comfortable with that amount. But only in $100. increments. Make them earn the money.,

And, remember, you are in the position of power, you have the checkbook. Don't let them browbeat you. Just walk away. If they really want to sell it, they will stop you or call you the next day. If you have your own financing, walk in with a check in the amount you want to offer. That let's them know you are serious, and it is a take it or leave it deal.

I took a week to make the deal on my 07 Mustang GT/CS. Drove the dealership nuts, but I got everything I wanted.

It is a buyer's market!! Good luck.
$11,000 is right around blue book which means nothing in this economy. You can definately do much better.
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Old Oct 13, 2008 | 09:45 PM
  #7  
Deric's Avatar
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Joined: September 11, 2006
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+1 to all above. I've seen brand new V6's for around 16K. I would look for something else. Also check private sellers. I've seen Used GT's for 15K
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