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?

1 2

You'll need to log in to post.

Also on Grassroots Motorsports

From the GRM Vault: A Dual-Engine Honda CRX and 10 Other Cool Cars Hit the Dyno

1 hour ago in Articles

Back in 1997 we put 11 cool cars on the dyno in search of horsepower and truth.

You Need This: Our Mustang GT CAM-C Project Car

3 hours ago in News

Soon for sale: Our Mustang GT autocross project.

Deal of the Month: Christmas in July!

4 hours ago in News

Get a year of our magazine for just $10.

Your Projects: Smith College's $2017 Challenge Miata

4 hours ago in News

Smith College is entering the Grassroots Motorsports $2017 Challenge

Big News From Mazda's Prototype Racing Effort

12 hours ago in News

This just in: Mazda's prototype racing effort is changing hands.

Grassroots Motorsports LIVE! on Wednesday, July 19: Track Prep Your Daily Plus a Look at the Only Stick Shift GT3 RS

1 day ago in News

Tune in as we discuss pre-event inspection and prep. Also, a special appearance by a very cool Porsche.

Project Ridgeline Tows Home Another Project

1 day ago in Project Cars

We may or may not have gotten sidetracked on our Smoky Mountain Tour.

You Need This: Supercharged Toyota MR2

2 days ago in News

Rebuilt engine? Check. Extra power? Check. Early MR2 cool factor? Double check.

2017 Volvo V90 Cross Country T6 AWD

2 days ago in New Car Reviews

We're keeping the all-wheel-drive wagon theme rolling. We reviewed the Subaru Impreza last week and the Volkswagen Golf SportWagen before ...

Taking on the World Rally Championship With an E30

2 days ago in Articles

Bill Caswell invades the World Rally Championship with a 20-year-old BMW.

Your Projects: UR Quattro Resurrection

2 days ago in News

Team Illuminata is breathing life back into this old Quattro.

Project Turbo Miata: A Fresh Engine for Our Endurance Racer

3 days ago in Project Cars

Our turbocharged Mazda Miata racer gets a new heart.

OUR SPONSORS

Grassroots Motorsports Magazine

Subscribe Today

Also get your instant access to the digital edition of Grassroots Motorsports Magazine!

Learn More
ytwYlCbpw0JgIvqGgkK3GXTOIOLToklU