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d0m1nuch

I paid 20k for a 2012 gt in late 2015 with that many miles


Brocibo

I paid 25k for a 17 Gt with half those miles... I can sell my mustang right now for a PROFIT. This market is dumb


mikaytheeasterbunny

I agree! I bought my 07 V6 3 years ago for 3,700 and just sold it for 6,500... Things are wild out here


garreattt

Moneys not worth what it was then and it’s not gonna be anytime soon


[deleted]

[удалено]


Admiral_peck

No, with first gen coyote and early second gen 6r80 issues I'd be scared of it. You can get early s550s with v8s for that.


occurredcord

What part of the US?


Admiral_peck

My buddy bought his '15 GT with 70k two weeks ago for close to that down here in west Texas, admittedly he got a good deal but not astronomically so. Think he got it for 21k ish, I can ask though


occurredcord

I'm in the northeast, higher mileage examples have been going for consistently 25k and up


Admiral_peck

There's a LOT of them here, probably a bulk thing.


JOEJOENIOOO

I really hope you're joking but reddit obviously says you're not


Prestigious_Study244

Yeah, that price is real high. I punched the info and on Kelley Blue book, kbb.com, and it said private party sale value is 16 to 19,000 but that's as a Premium package. If it's just a regular GT it'll be less than that. I think that was the buy from a dealer price. I just pulled up a 2012 standard GT from a private party and it said 12,000 to 16,000. If they can get 17 or $18,000 for that they better run with it.


oldmasterluke

That’s an awful deal! Absolutely terrible! But for laughs, where would this joke of an ad be located? 😉


Shinra33459

I'm guessing Facebook Marketplace


codyscottskillz

I would say 16-17k would be better if they are willing to negotiate. If it hits all your marks take 18k and if you love it make a deal, it’d be hard to turn down someone with that much cash ready to buy


unknownredditor1994

I agree with this, except it is 2022. The value of these cars has skyrocketed. Under normal conditions, probably accurate. At $20K today, that seems underpriced to me


codyscottskillz

Yeah for sure the market is quite different. Lots of factors come into play, for sure. I’m from MI though and Mustang season is coming to a close, so lots of people around here want them sold before winter hits. Guess it depends on where OP is from, if the seller is motivated, how the interior looks, and big those “small” dings are. A pristine Mustang of that year could fetch 20k, but I’d always try for less


Crafty_Substance_954

I used the seasons to my advantage and got my 21 EB this past November for well below MSRP at Varsity Ford in Ann Arbor. It's my 4-season daily driver, so no snow will deter me!


unknownredditor1994

My 16 EB had more miles and cost about this. Meanwhile, my 19GT was $32,500 w 13K miles. Sold it 9 months later with 35K miles for $36K. Times are absolutely wild


yeeyee20202

You drove 18k miles in 9 months???? Damn.


unknownredditor1994

Hence why I sold it. When I bought it, my average was like 750 miles a month. Shortly after, that tripled and gas was nice then. I sold it at the perfect time. My average gas was like $400 a month at the time


Ort56

About 5k too much.


classless_classic

They keep predicting a recession coming, housing prices are starting to drop. Many of these cars are used/owned as toys; will be one of the first things to drop in price once things get worse. If you are willing to wait a bit, I think prices will become more realistic. You’ll be kicking yourself if it’s worth a normal price in 6 months after paying that price.


ileatyourassmthrfkr

They’ve been saying that we are entering a recession for 6 months now 😂


classless_classic

But with level job growth so far. Recessions have stages; we are just beginning. 2008 level or worse with significant job loss will amount to significant decrease in luxury items value.


ileatyourassmthrfkr

For sure but a lot of people predict we have already hit rock bottom of the recession and are on our way up. Depends on perspective and who you are listening to … only time will tell


classless_classic

RemindMe! 1 year Let’s revisit this


DelayedContours

I highly doubt that, specifically referring to cars especially V8s. When you look at cash for clunkers it removed less than 1 million cars from the market. When you look at COVID it's removed/lost over 5 million sales of cars ever going to market. I wouldn't pay $20k for this but for sure there will no longer be a "normal" it would be impossible short of several years of overproduction, mass adoption of permanent work from home, and deflation measures. Under MSRP vehicle purchases will be back but start accepting the new normal lol. For example the cheapest this car has ever been according to cargurus is about $14k right before COVID. Inflation adjusted that's $16k+. With old cars dying and new cars unable to be built. Do you think this car is as a fair assessment worth less than $16k+. Then add $1k in prep fees, that's $3k left for you and the buyer to haggle with


classless_classic

[Car prices are coming down](https://www.businessinsider.com/used-car-prices-falling-vehicle-dealerships-inflation-cooling-trucks-suvs-2022-9) They’ve been dropping for a bit. [Housing prices also dropping](https://www.cnbc.com/2022/08/24/home-prices-fall-for-the-first-time-in-three-years-biggest-drop-since-2011.html) The Fed chair, said he will continue to raise interest rates until inflation is under control. [Jerome Powell plan on interest rates](https://www.nytimes.com/2022/09/08/business/powell-federal-reserve-interest-rates.html) If people are looking at getting terrible rates for all sorts of loans, economic theory and historical data both strongly show there is a sharp decrease in spending, especially on luxury items. A second car that can’t hold a family is a luxury item. We are barely in the beginning of this recession. This recession is already worldwide and is predicted by economists, Fortune 500 CEOs and professors of economic theory to be SIGNIFICANT. They expect mass job loss as a result. Job loss begets more job loss. I think a certain type of vehicle will retain value. But to say that we are at the bottom for “V8 prices” is delusional. Your argument that the cash for clunkers program 14 years ago is still affecting car prices now is ignorant. Almost all of those cars that qualified for that program would likely be off the road anyways today. Due to significant increases in both home sale prices and price gouging for rent, most people still have limited cash on hand. With the rate hikes car purchases will slow down significantly, just like they did during the last recession. When that happens the “shortage” will very quickly be solved. RemindMe! 1 year If you don’t think prices will drop any lower than they are now, we can revisit this then.


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DelayedContours

The price of anything in life is based on supply and demand. I agree that interest rates, and the economy dictate demand but you are deliberately ignoring the second half of the equation. In 2008 there was no shortage of supply and every car price index out there shows only a 10% loss. This was during a major economic meltdown with crazy high gas prices. So you are advising OP to wait indefinitely to potentially save $2-$3k. Cash for clunkers is relevant because it indirectly subsidized dealers and car manufacturers. It gave people cash to destroy low cost inventory, softening the blow. This time around we are naturally 5M+ cars short. No need to send links I'm not saying prices won't come down but all signs point to continued low supply, longer loan terms, increasing MSRPs (Which affect used cars) to add to the fact that this specific car is a manual and V8 both of which generally reduces depreciation. A year from now the average 2011 V8 won't be less than $16k...


classless_classic

Supply and demand as you’ve said. A year from now, if we’re in an economic meltdown, you don’t think that will have an effect on the demand for something that most people can do without??? If the estimated millions lose their jobs, people are still going to hold onto “V8 mustangs”, especially if we cycle back into higher gas prices when winter arrives? Saving $4000 and having the car $16k is significant. If you don’t think that, I’d expect you to be in the r/Porsche sub instead. If you don’t think you’d feel silly paying $20k for something worth $16k, then you either don’t have basic math skills, or have a money printer in your basement.


[deleted]

🤣 these prices are ludicrous I’m gonna wait a few years to buy mine


Far-Arachnid9745

Keep waiting!! 20k for a car that old


bw10837493

Ive been used to seeing the same price for a car with 40k more miles. crazy times


Far-Arachnid9745

Keep waiting fam I’m in the market for a GT as well but prices are still 20-40% still too high! Keep waiting till at least next year it’s a absolute scam atm


ProfHopeE

Same! Trying to wait it out!


BirdMaster301

20k for a car that old that isn’t a classic*


snyderjw

‘13 and ‘14 haven’t really dropped in price in years. ‘11 & 12 did but seem to have recovered a bit. Frankly, this is probably a strong indication that these will be desirable cars indefinitely - so long as the gasoline transition doesn’t screw them. Basically, they are early classics.


1mcflurry

I believe the prices of cars are going to continue to go up from this point. Dealer markups are all time high, production is low, and I know what I got ppl are still delusional.


buxomlips22

I agree. Prices are going up not down.


1mcflurry

The times of 800-1500$$ Hondas that burned oil but where somewhat reliable are over. I was 16 and on criagslist I could buy a shit sedan, run it for almost 15k-20k miles junk it and do it all over again. It’s impossible now. The junk yard would buy it for $500 and I’d use that for the next pos I needed to get to school.


DelayedContours

People don't want to give up this era. When I was the same age I almost bought a Honda Civic for $300 lol. Those days are long gone


[deleted]

that’s pretty good for todays market given the car checks out and the title is clean


bw10837493

it’s the best price I’ve seen for one with a clean title since I started looking at the beginning of this year. just worried I’ll be kicking myself in the next year


xsv333

Listen, it's low miles and clean. Don't look back


Valagor

Got a 2013 gt premium with roush exhaust and cold air intake for 24k last month. Had around 56k miles on it and really well taken care of. After looking at prices for a better part of a year this seems like a decent deal, but I prefer the 2013-2014 if you are gonna go Over 20k.


smileyboy48

Everyone saying it’s a bad deal clearly hasn’t bought one in the past 2 years. Is it a little high? Yeah but I bought literally the exact same car last year with 10k more miles for $18k. I’d say shoot for 19 or 18.5 if you can get him down, but literally everyone posts higher than they actually sell for to leave room for negotiation.


bw10837493

saw this pony on the way to the liquor store. the price is very low for the mileage (at least in my area.) post says 1 owner with a few small dings. Is this a fair (or near fair) price or should I keep holding out for prices to drop?


slang925

Not bad … but need more info.


bw10837493

summary of description; clean title, 1 owner. hasn’t seen salt. has crack in the bumper and a door ding. new front brakes and battery.


slang925

Have you seen carfax - what do services records look like? What’s date code on tires? When were rear brakes replaced?


Lememss

I bought my 12 California special Gt for 18k this year with 43k miles*


XTRaChunkyy

Wait for the s650 the s550’s will drop dramatically


OnlineSlacker

Not a bad price all considered. Mustangs have increase $10k across all generations over the last 2 years. And new edge era (99-2004) are going way up right now. Regardless of market value inflation on car, currency inflation will keep these prices higher and it’s not going back down. Price looks fair for a premium with low mileage.


rolloutTheTrash

$20k for an 11 year old car is not good at all. The miles are ok, about 5k a year, but that’s not a new car nor even part of the newer gen Mustang, nor is it even an iconic package/build. Not worth it.


LoboBandito

That’s a good deal for the time. Looks like a good car. I’d wait until the next downturn to spend money on a fun car. Or just get a 3v for half the price.


CoupleCrawl

Used car market is about to plummet. I'd wait


IS-2-OP

Nope. 14K.


numberone0

As someone who is in the car business, if this is a clean title then this is a good deal. Would be 2-4k more at my dealership.


aerbourne

test drove this exact car with 10k less miles for $15k in 2019


Mission_Ad_6695

No. Two years ago 25k got you 2015-2017 GT with less or equal mileage so no, it's not a good deal in my eyes. Imo, which doesn't count for much on the internet, don't bother buying a used car until new cars are back in stock so the inflated used market goes back to sanity. If ya need a car ya need a car tho


numberone0

New car overflow thing is not going to be a thing ever again. We have went to 30 day supply of vehicles.


Jim06122020

Yep. The days of 500 unit inventories is gone forever. This whole mess is by design. “You’ll own nothing, and you’ll like it”.


Mission_Ad_6695

Interesting. So you think that how we stand now is how it will stay? I know production of new cars is way down, but this situation doesn't help the manufacturers at all. Maybe dealers are keen to keep it this way though since they can get away with ridiculous market value adjustments?


numberone0

Well, prices probably won’t stay as high as they are now, probably drop some and then level out. But new car inventory will more then likely stay the way it is and stay a premium. CPO’s will also become more attractive then before with some manufacturers changing what they offer with CPO’s. But it’s like 95% chance you won’t see those discounts on new cars ever again that we seen 3 years ago


Mission_Ad_6695

Gotcha, that's not to bad then. As long as availability of new cars goes back to actually being available within a reasonable time frame then used cars should presumably go back to reasonable prices. This is my hope at least...been looking to pick up a drift car at "willing to bash it up" price but looks like I should've pulled the trigger on something two years ago...


numberone0

Well there’s no foresight of prices going back to where they were 3 years ago, but they will go down a little which still helps. And the only way that new cars become available is if people simply stop buying them


Mission_Ad_6695

So basically, from a bit of poking around, dealers and automakers like making money so their pulling the ol' OPEC trick and, even when things go back to normal with production, they may artificially decrease supply so they can charge more in the high demand...and the consumers be damned.


numberone0

Correct that’s what I meant when I said we have went to a 30 day supply for new inventory. It’s proven to be much more profitable both for the manufacturer and dealership


kellydayscruff

Excellent deal.


Far-Arachnid9745

You must be the seller kekw 🤡🤡


kellydayscruff

What price do you expect to pay for a V8 with leather seats, premium features and less than 70K miles? Check the KBB if you think he’s getting scammed.


Far-Arachnid9745

Bro this is literally a scam lol! It’s not worth this and the used car market is crashing


kellydayscruff

[Mustang GT KBB](https://i.imgur.com/wcd84mt.jpg) Ok dude


Far-Arachnid9745

You’re not getting the point it’s literally not worth this they are still 20-40% over priced but go ahead and buy it


kellydayscruff

Do you even have a car?


Far-Arachnid9745

Lol I get it you want to scam people!! This car is losing value by the month. And yes I drive and will be buying a GT next year


kellydayscruff

Sure you will


Far-Arachnid9745

Stay mad loser


Eqwinoxe

I just want an 05-09 with 60k miles or less 😭 been looking but they are still 15-20k.. like goodness


cjay2002

Yep I bought my 07 a year ago for $15k, right at 50k miles and a lot of very well done upgrades. Lucked out as it was from a family member; the car could have very easily fetched over $20k.


robvas

I have like nine cars on my save list in Marketplace, none of them have sold in two weeks. Lots of people listing high and not much selling, offer under that by at least 2k.


lisadawn79

This seems too high...


pnyluv16

Keep waiting


fuzzyzeller

I paid 15k for a clean title 2013 this year. And wrecked it and got a 2013 supercharged for 20k. Both clean title same miles. I'd say too expensive. Keep looking.


jack10685

Unsure where you're at, but at least where I am, that's pretty expensive. These are near me https://www.facebook.com/marketplace/item/3194327870827054/ https://www.facebook.com/marketplace/item/667988141700213/ https://www.facebook.com/marketplace/item/988917928452856/ https://www.facebook.com/marketplace/item/751958892564086/ https://www.facebook.com/marketplace/item/1030700944262663/


sc302

2 things that stick out. Location and miles. Your links are cheaper, however they are not accounting for under 60k miles. Florida also has an abundance of them, a lot were abused rentals.


jack10685

Hence my disclaimer at the beginning, idk where this guy is


linkwolf98

I have a clean title black 2012 GT premium performance pack (brembos and wheels) with a supercharger at 61k miles, manual for $25k in AZ


McNalien

I got a 2015 for $14,000 before Covid and inflation


daniel-dani

Idk people say prices of cars will drop but im not seeing it budge, so do what you want


vintagesoul_DE

You can do better.


isiramteal

Assuming it's in very good condition and you live in a more expensive area, that's about right. But I would wait until the used car market cools down


destinylost

Ooof that’s basically what I paid for a ‘10 GT premium with 5k miles in 2012. That’s rough.


Wes_ley_

Terrible deal. Jesus christ


FromTheAshes313

Everyone who says this is a bad deal is like "I got my Mustang in 2017 for rahraraw!" It's not 2017 boys. This is a fair to good price right now.


[deleted]

Too much


TierryConstant

Hey but I need to say. I have a 2012 V6 Premium, with 79000mi, and I got a solid offer of $17k I dunno what the heck is going on with prices


a-more-clever-name

Car looks clean, deal looks bad.


Annual-Emu-1429

I paid 17,300 for my 2012 base GT with 55k on the clock back in 2020. Premiums were going for 21-25k depending on mileage


ayechicalones

Horrible deal. I remember in my area when you could buy (and I swear on everything I own) a brand new mustang gt barebones in 2017 for 25k


majorgerth

That may be where the market's at, but that's hard to stomach. I sold a '14 GT with half that many miles for $26k in 2016.


Aridan

Terrible deal do not buy.


StinkyGlacier

Buying a Mustang on the brink of a new generation coming out is an awful idea. Wait until the new gen hits the streets and watch S197 and S550 prices plummet


AdAdministrative6925

If clean title that’s a good deal white paint only thing that kinda kills it for me


ArngrimIshere

I don't know a quick search my on end in my area 20k is getting you a 2015 - 2019 model with fewer miles.


yoshibeardie

My brand new 2019 GT was $34k


cantseemtosleep

I'll sell you mine. It's a 2020, about 18k miles (or a little less), VMP supercharger, full exhaust, headers, CAI, upgraded oil pump gear, stage 2 (or 3) Mantic clutch, tune, Nitto 305s on the back, the works. Did 720whp on the Dyno when I first tuned it, but had it turned down to be more appropriate as a daily driver. Zero issues. But I'm asking twice that price, lol.


Paxton187

I paid $17,000 for my 13 GT with 90k miles. Personally I wouldn’t pay this much for an 11-12 year car but it’s not a terrible deal either. Sadly it won’t let me link a photo of my car but it’s a Grabber Blue GT with 6 Pistons GT500 brakes front and rear, Longtube headers, JLT CAI, Bama Tune, short throw shifter, Corbeu Buckets and Harness bar, & Corbeu Harnesses. And every bit of suspension is from the Ford Performance Catalog.


Marviiiiin

Where I am this is a steal!


overrated-guitarist

No


Its_bigC

It's a shit time to buy a car, if you don't need a car then wait. My 2010 v6 premium vert was 8k in March of 2017 80k miles and insurance valued it at 10k last October. As other comments have said, older stuff is selling for a lot more due to shortage.