Good price for 2005 GT???

99CobraJMS

Founding Member
Sep 10, 2001
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Austin
I am looking to buy a 2005 GT. I passed by one on the used car lot for 23,999 is this a good buy? Original price was 26,999.

Here is what it has:

black coupe
black leather
shaker 500 stereo
auto transmission
theft recovery system

John
 
The price means nothing without knowing the mileage and condition of the car.

If you've read some of the other threads you'll see that discounts are now available on 06 Mustangs, including GTs, so I'd have to think that assuming it has around 12K miles and is in very good condition Original MSRP - $5K would be more like it.
 
I forgot to post. This 2005 GT has 17K miles. I assume it still has 19K miles under the standard Ford coverage. Anway, 17K seems like a lot of miles and the car has been on this lot for 3 months ( at 26,999), they just lowered the price few days ago to the 23,999 mark

John
 
fbb says
Retail = 27,600
trade in Excellent=22,250, Good 20,800, Fair=18,575

I think I will just go new, since someone mentioned some deals now. I also qualify for the X-plan. Last I checked in Oct/2005 the one dealer I was at said no deals on the 2005 GTs only V6s and no x-plans.
 
99CobraJMS said:
fbb says
Retail = 27,600
trade in Excellent=22,250, Good 20,800, Fair=18,575

I think I will just go new, since someone mentioned some deals now. I also qualify for the X-plan. Last I checked in Oct/2005 the one dealer I was at said no deals on the 2005 GTs only V6s and no x-plans.

Good decision, $24K is too much for $17K miles on it. Prices are now rapidly dropping.
 
66Satellite said:
When are you getting yours? :p

When I find one at a bargain price.:lol:

Let's face it cars are depreciating assets, it's silly to pay a premium for any car. Especially, in my case, where my Mustang is a toy, not a daily driver and I rarely drive my Mustang in the winter.

My 2001 GT has only 27K miles on it and is in nearly mint condition, so there is no reason for me to rush out and get a S197 Mustang other than I'd like to upgrade from my old obsolete SN95 to a much more modern and niceer S197.

Given the Mustangs poor sales for the last 6 months I may be convinced to buy when Ford puts some good incentives on the 06s or I may pick up a used 05 if I find one at the right price. In another 6 or 7 thousand miles the tires on my 01 will be shot, that will probably be the time to get rid of it and get a S197. :p
 
Keep looking around for a dealer that will take x-plan. You should be able to get a new one(may have to order) for around $25,000.

No way would I pay that much for a used one with 17,000 miles on it when you can get a new one for a couple of thousand more.