Is it reasonable, 2006 Mustang

[Agente007]

I'm not sure if i am posting this in the correct place but i have a question.

I am looking to buy a used 2006 mustang coupe for $10,400.
Is that a reasonable price, the asking price was $11,000 which was lowered from $12,000 three months ago.

It is a white mustang, 18" black alloy rims, leather seats, black painted hood with hood scoop and black spoiler. It does have a cold air intake and dual exhaust.

It currently has 78,000 miles and would soon need new tires.

Thanks for any feedback View attachment 160803

 

[streethorse]

Sounds like a bang up good deal to me. If its in great shape,clean, and only needs tires.

 

[Hoowasat]

OO7 - I must be missing something because I can't tell if you're talking about a V6 or GT model. Seems a little high-priced if it's a V6.

 

[Agente007]

Sorry it is a V6 coupe

 

[Hoowasat]

Well, I haven't checked KBB or NADA values, but that's more than I would spend for a V6. When we sold my wife's 2005 V6 in 2007, it had 24k miles and it went (quick) for $14K.

 

[BackInBlack]

My 07 V6 with about 24k miles went for 16k....I got 11 for it. Good thing my dad was with me. they had no chance of riping me off. once we got 11k we got a 008 gt/cs for 20k...but yet it had 30k miles on it.

With that said, be careful with the miles being that high. once you get to 100k miles you need to do some tuning. and I thought dealerships if thats where ur getting it have to sell a decent car with good tire tread and brake life left.

 

[Noobz347]

I recently bought an o6 V6 Vert for the wife for $10K out the door. It had 115K miles on it.

I got a great deal as the car is worth more than aht I paid for it. The retail book value was $1500 more than what I paid for the car.

So $10.4k with 78K miles? Yeah... I'd say that's a good deal.

 

[Hoowasat]

OK, I'm surprised. KBB says a 2006 V6 with leather, 78K miles, alloy wheels, and automatic in "good" to "very good" condition is worth between $10,200 and $10,500 in my zip code ... and that's a "private party" sale ... will be higher at a dealer.

 

[stanmckinney]

I think it is high for a V6, unless it is low miles (which it is not) and is fully optioned and in great shape. I would want to buy a GT for that.

 

[Noobz347]

OK, I'm surprised. KBB says a 2006 V6 with leather, 78K miles, alloy wheels, and automatic in "good" to "very good" condition is worth between $10,200 and $10,500 in my zip code ... and that's a "private party" sale ... will be higher at a dealer.

Yep... those are real similar to the numbers that I saw as well. I bought mine from a dealership so the numbers that applied were retail. What's more, when I went to the bank to get a loan, I had the check in my hand inside of 30 minutes. They told me that the loan to value was so good that it was a no-brainer.

 

[Hoowasat]

Congrats, and I hope you enjoy your new-to-you Mustang!