FlightService SuperDork
March 18, 2012 8:46 a.m.

2007 Mustang GT for $21,800

Am I the only one who thinks he is hitting the wacky weed on this one?

Ian F UltraDork
March 18, 2012 8:51 a.m.

Judging by the mods and the mileage, this is obviously someone's baby and pricing reality tends to get lost in emotions.

mad_machine MegaDork
March 18, 2012 9:02 a.m.

sadly, the mods only dimminsh it's value to the average buyer.. would have been better to return to stock and sell the parts seperatly

Ian F UltraDork
March 18, 2012 9:15 a.m.

Yep, but like I said, that would be logical.

Unfortunately, we are going through a similar issue with my late friends MINI. He dumped buckets of money into the car to suit his dreams. Before he passed, he thought he could sell the car for $25-30k when in reality, it might be worth somewhere in high teens (it is a Jcw with very low miles). Fortunately, his g/f who he left the car to is a little more realistic.

Ranger50 SuperDork
March 18, 2012 9:36 a.m.

That seems about fair... Although reality probably means 17-18k. I would offer to buy at 16 with 18 as the limit.

Racer1ab Reader
March 18, 2012 11:07 a.m.
FlightService wrote: 2007 Mustang GT for $21,800 Am I the only one who thinks he is hitting the wacky weed on this one?

"Yes dear, I did put the Mustang up for sale."

Snowdoggie
Snowdoggie Dork
March 18, 2012 1:20 p.m.

On a collectors car site?

Are 2007 Mustangs collectors cars now??

RedS13Coupe Reader
March 18, 2012 4:19 p.m.

I think you missed the part where the kelly blue book clearly stated the car was worth even more then he is asking.

fasted58 SuperDork
March 18, 2012 4:46 p.m.

sooo, if GRMers owned this car what's the asking price and the bottom line you'd take?

<6K mi. w/ speed goodies

DILYSI Dave MegaDork
March 19, 2012 8:26 a.m.

Yes / No.

His is uber low mileage, has tasteful mods, and looks to be in pretty impeccable condition. So while it's pricy for a 5 year old Mustang, it's a pretty damn nice Mustang.

On a side note, how do you buy a fun car and only drive it 1000 miles a year?

Sky_Render Reader
March 19, 2012 8:51 a.m.
DILYSI Dave wrote: Yes / No. His is uber low mileage, has tasteful mods, and looks to be in pretty impeccable condition. So while it's pricy for a 5 year old Mustang, it's a pretty damn nice Mustang. On a side note, how do you buy a fun car and only drive it 1000 miles a year?

Unfortunately some Mustang owners are like that. Cobra GT500 owners are almost as bad as Corvette owners.

"No, I don't race this car. I only drive it to car shows on sunny weekends while always observing the posted speed limit."

This is what you're supposed to do with your "fun car":

BBsGarage HalfDork
March 19, 2012 8:56 a.m.

Is it normal to accept MC and VISA these days?

pinchvalve PowerDork
March 19, 2012 9:00 a.m.

Apparently, you all missed the 8" shorty antenna. See? Yep. NOW it seems worth it, doesn't it?

mndsm UberDork
March 19, 2012 9:12 a.m.

Meh, it's a Mustang. It's a GT. in 10 years it'll be worth about as much as other GT's.

unevolved Dork
March 19, 2012 9:27 a.m.
RedS13Coupe wrote: I think you missed the part where the kelly blue book clearly stated the car was worth even more then he is asking.

Exactly. I don't understand the uproar. He's about dead on the money for KBB value.

http://www.kbb.com/ford/mustang/2007-ford-mustang/gt-coupe-2d/?vehicleid=83705&intent=buy-used&mileage=5000&category=coupe&condition=excellent&pricetype=private-party

Ranger50 SuperDork
March 19, 2012 9:37 a.m.
unevolved wrote:
RedS13Coupe wrote: I think you missed the part where the kelly blue book clearly stated the car was worth even more then he is asking.

Exactly. I don't understand the uproar. He's about dead on the money for KBB value.

http://www.kbb.com/ford/mustang/2007-ford-mustang/gt-coupe-2d/?vehicleid=83705&intent=buy-used&mileage=5000&category=coupe&condition=excellent&pricetype=private-party

But it's still a stock Mustank with ugly wheels. He would be better off to put some FR/GT500 knockoffs or something on it and sell the 19's separately.

Osterkraut UltraDork
March 19, 2012 9:43 a.m.
mndsm wrote: Meh, it's a Mustang. It's a GT. in 10 years it'll be worth about as much as other GT's.

But in 30 years...

Chris_V SuperDork
March 19, 2012 9:50 a.m.

It is about where KBB puts it. BUT... I only paid $16k last year for my '06 GT Premium convertible with fairly low miles on it. And KBB put it at $22k.

DILYSI Dave MegaDork
March 19, 2012 9:54 a.m.

I'm really hoping to be financially ready to pull the trigger on my Mustang around the same time gas hits $5/gallon. The prices should plummet.

Appleseed PowerDork
March 20, 2012 2:11 a.m.
DILYSI Dave wrote: On a side note, how do you buy a fun car and only drive it 1000 miles a year?

That's 4,000 trips down the dragstrip.

novaderrik SuperDork
March 20, 2012 3:43 a.m.
Appleseed wrote:
DILYSI Dave wrote: On a side note, how do you buy a fun car and only drive it 1000 miles a year?

That's 4,000 trips down the dragstrip.

only if it's a 1/8 mile track- you have to factor in the return road and driving thru the pits..

FlightService SuperDork
March 20, 2012 7:13 a.m.
Chris_V wrote: It is about where KBB puts it. BUT... I only paid $16k last year for my '06 GT Premium convertible with fairly low miles on it. And KBB put it at $22k.

Yeah KBB isn't worth the electricity it takes to put it on your screen. I use it to bait people who know no better.

Now Black Book on the other hand...

ThePhranc HalfDork
March 20, 2012 7:21 a.m.
BBsGarage wrote: Is it normal to accept MC and VISA these days?

You can with a 'Square' dongle, app and a smart phone.

It's getting more common to use credit cards for personal transactions.

Chris_V SuperDork
March 20, 2012 8:09 a.m.
mad_machine wrote: sadly, the mods only dimminsh it's value to the average buyer.. would have been better to return to stock and sell the parts seperatly

When I was selling my modded cars, and people said that to get the car cheaper I'd always respond with "Oh, you want a STOCK car? Those are down the street at the dealer. If you're here looking at THIS car, it's because you want these mods. And they aren't free."

Never lost money on a modded car, and I've sold over 50 of 'em. If you want a stock one, buy a stock one. Don't try to chew down the price on a modded one. To me it's no different than trying to steal the parts that were installed.

March 20, 2012 8:28 a.m.

I've looked at a lot of Mustangs lately, and it is in the ballpark with most. More importantly, have you priced new ones?

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