Used GT prices are ridiculous....
- Thread starter radtexas
- Start date
My point is that the newer 2005-2007 Mustangs cost much much more than what the 2000-2004 Mustangs cost at MSRP. Ford increased the prices on the MSRP on the 2005-2007 Mustangs a lot. And my point is that these cars are NOT worth what Ford is getting for them. They are ridiculously overpriced.YardSpecial said:
All that I ask for is for Ford to give rebates on the 2007 Mustang so they can be close to the MSRP price ranges that the 2000-2004 Mustang GT's and V6's were once at. That's all.
RED2001GT said:
What do you mean these same cars were selling at those prices? Today's Mustangs are in no way the same as the 2003-04's. As you are well aware of, they are built on a completely new platform, of much higher quality than any other Mustangs ever built. The old tooling and design work was amortized out many years ago, and now they have to do the same for the money invested in the new platform. Not to mention that the S-197's look and drive much better than the previous types. I was THRILLED to get my '06 Redfire 'vert for a-plan plus 72 months free financing, and I would have never considered a 2003 or 04 at ANY price - They just weren't attractive to me, they were on an antique, outdated platform, and just don't feel as good to drive.
Lee
CBus 06 GT
Active Member
Sounds good... as long as you go tell your boss that you want your pay cut to 2000-2004 levelsRED2001GT said:
As mentioned above, the S197 platform is far superior to the SN93. I also wasn't interested in a SN93 for any price, but gladly shelled out the $$$ for my '06 GT, just like 06RubyGT, and we apparantly aren't the only ones if Ford can sell 180,000+ units per year for the first 2 years w/o resorting to big rebates.
SN95.CBus 06 GT said:Sounds good... as long as you go tell your boss that you want your pay cut to 2000-2004 levels
DukeOfValencia
Member
RED2001GT said:
According to the previous posts in this thread, these cars haven't been depreciating very much...
And...
Sure, Ford should roll back the 2007 prices to match the 2000 prices... and when the new Camaro comes out, I'm expecting to pay the same prices as when they came out in 1967... you need to be realistic. The sticker price for the 2007 GT isn't so bad, and it'll look even better when the Camaro and Challenger come out.
I paid sticker for my 2005 GT in April 2005 and I couldn't be happier with the investment. Ford finally has a product with broad market appeal, and decent quality (hey, I have no complaints). They've created a product (2 products if you count the GT500 as a separate car) that people have been willing to pay over the asking price. We should be applauding Ford, not criticizing.
RED2001GT said:
I hate to burst your bubble, but the Mustang had another excellent sales month in September with 14,341 sold. This was the HIGHEST Mustang September sales since 1986. August 06 was the HIGHEST Mustang sales month since 1981.
So my point is that in calander year 2005, 160,975 Mustang customers apparently did not feel the 2005 Mustang is ridicuously over priced.
And at the present sales rate (adjusted up from my last post) it appears in 2006 about 170,000 Mustang customers will also be disagreeing with you.
Inflation has been averaging about 3.5% per year. So a Mustang GT that sold for $24,000 in 2003 should sell for $26,600 today adjusting only for overall inflation. But raw materials have increased far more than total inflation. In the last 5 years steel +30%, aluminum +50%, copper +200%. Somehow the customer has to pay for these sorts of materials cost increases. In addition, as other's have pointed out, the S197 is so improved over the SN-95 it's worth more not even counting inflation.
I don't believe that anyone is forcing you to buy a new or used S197 Mustang. If you don't want to pay what they are going for, then you can choose not to buy one.
351CJ said:
I agree with inflation going up, but most people's salaries have NOT increased with the rate of inflation. So, the price increases should occur ONLY if people's salaries go up with the rate of inflation. This has NOT happened making the new 2005-2007 Mustangs seem ridiculously overpriced.
I am not trying to go against the new Mustang, but I am only against the fact that Ford increased the prices on this particular car too much. TOO MUCH!
Increase prices a little bit (a few hundred dollars), but NOT a few thousand dollars like Ford did on ALL the new Mustangs.
Increase prices a little bit (a few hundred dollars), but NOT a few thousand dollars like Ford did on ALL the new Mustangs.
You are right! I did freak out when I saw the price of the new 2 seater Thunderbird. That's another example of Ford price raping their customers. The Thunderbird didn't sell very well because it was overpriced.06RubyGT said:
Ford has no excuse to increase the price of the Mustang by a few thousand dollars more than what it was in 2001-2004. And all the reasons that were mentioned here in this thread are all BS. I don't believe it. It's a lame excuse.
Marine One
New Member
I have really, REALLY tried to stay out of this one, but just can't. Although I didn't own one of the last generation (99-04) Mustangs, I did own two mid 90's era Stangs; a 95 GT and a 96 Cobra. Each was purchased used with low mileage (29k on the GT, 35k on the Cobra). Both were convertibles. I sold each when they had just under 85k on them. I put 100k on that platform, so that's the perspective from which I speak. First of all, both of these cars were reliable and almost 100% trouble free. Neither had a mechanical breakdown (aside from a dead battery on the 95) and each went out the door with 100% of their original components (starter, alternator, fuel pump, clutch, etc.) still intact. I enjoyed owning each of them very much. Had my experiences with them not been so positive, I certainly wouldn't have shelled out the $$ that I did for a new one.
Having said all that, it's my opinion that my 2007 GT Convertible is a much better car. It drives & rides much better, is smoother & more refined in operation, and is faster than either of my previous cars. And for as much as I've read in the 2005+ Talk postings here about the quality of interior materials in the new cars, to me the fit, & finish are much superior to the earlier cars. The plastic door panels in the 95 & 96 creaked constantly. I've experienced none of that with the 07. It just feels like it's put together better.
I loved my 96 Cobra, but truth be told it was a hard car to live with as a daily driver. The ride was rough to the point that it was downright punishing. Last May my wife and I took the Cobra from where we live in NC down to Amelia Island Florida for a week. The ride back, particularly on the stretch of I-95 North through South Carolina (does anyone know what the state of SC is doing with their federal highway funds, because they certainly not using them to maintain the surface of I-95 north), was almost unbearable. And both the GT & the Cobra suffered from front tire wear problems, no matter how many times they were aligned & the tires were rotated. In addition, both cars steered as though the front tires were never quite balanced out 100% right. Each had a slight steering wheel vibration at highway speeds. It was almost as though there was some kind of design flaw in the platform or something.
In the past month that I've owned the 07, I've had many people ask me about it and if I like it. A few have asked me what it cost. I tell them the truth; that it stickered for slightly under $34k and that I paid just just over $31 for it (I got it at invoice). People are genuinely surprised at how little the car costs. And when you think about what you're getting with a GT convertible, particularly if you are able to get a good deal, to me it is a bargain. For less than $32k, you're getting a car with a 300 horsepower V-8, engine, all the necessary options; air, cruise power everything leather, alloy wheels, a stereo with satellite radio & a 6-CD changer, anti theft, side airbags and a cloth top. Compare that to any of the other V-8 convertibles presently on the market and I think you'll come to the conclusion that the GT Convertible is a great value.
Interestingly, the MSRP on my 1996 Cobra Convertible was right at $30k. And that was in 1996 dollars. When compared to that, the new GT is much more car for the money. I agree that the prices for the used GT's do seem high. In fact, it's what pushed me into buying new. My hunch is that the high resale value of the 05's is directly tied to the high prices that those cars commanded when sold new. Perhaps another reason that they are holding their value is because of their popularity, and because they are a good value for the money.
Having said all that, it's my opinion that my 2007 GT Convertible is a much better car. It drives & rides much better, is smoother & more refined in operation, and is faster than either of my previous cars. And for as much as I've read in the 2005+ Talk postings here about the quality of interior materials in the new cars, to me the fit, & finish are much superior to the earlier cars. The plastic door panels in the 95 & 96 creaked constantly. I've experienced none of that with the 07. It just feels like it's put together better.
I loved my 96 Cobra, but truth be told it was a hard car to live with as a daily driver. The ride was rough to the point that it was downright punishing. Last May my wife and I took the Cobra from where we live in NC down to Amelia Island Florida for a week. The ride back, particularly on the stretch of I-95 North through South Carolina (does anyone know what the state of SC is doing with their federal highway funds, because they certainly not using them to maintain the surface of I-95 north), was almost unbearable. And both the GT & the Cobra suffered from front tire wear problems, no matter how many times they were aligned & the tires were rotated. In addition, both cars steered as though the front tires were never quite balanced out 100% right. Each had a slight steering wheel vibration at highway speeds. It was almost as though there was some kind of design flaw in the platform or something.
In the past month that I've owned the 07, I've had many people ask me about it and if I like it. A few have asked me what it cost. I tell them the truth; that it stickered for slightly under $34k and that I paid just just over $31 for it (I got it at invoice). People are genuinely surprised at how little the car costs. And when you think about what you're getting with a GT convertible, particularly if you are able to get a good deal, to me it is a bargain. For less than $32k, you're getting a car with a 300 horsepower V-8, engine, all the necessary options; air, cruise power everything leather, alloy wheels, a stereo with satellite radio & a 6-CD changer, anti theft, side airbags and a cloth top. Compare that to any of the other V-8 convertibles presently on the market and I think you'll come to the conclusion that the GT Convertible is a great value.
Interestingly, the MSRP on my 1996 Cobra Convertible was right at $30k. And that was in 1996 dollars. When compared to that, the new GT is much more car for the money. I agree that the prices for the used GT's do seem high. In fact, it's what pushed me into buying new. My hunch is that the high resale value of the 05's is directly tied to the high prices that those cars commanded when sold new. Perhaps another reason that they are holding their value is because of their popularity, and because they are a good value for the money.
YardSpecial
New Member
From my price source:
01 Cobra $29,195.00 Sold for $14K 2006
02 GT Vert $27,475.00 Sold For $14K 2005
03 Cobra $34,460.00 Sold for $25K 2006
97 GT $20,445.00 Still own
Now reginal dealer markup for WA, the 05-07 GT's are a BARGIN in price!!
S197 cars are a killer deal for the price, IMOP.
01 Cobra $29,195.00 Sold for $14K 2006
02 GT Vert $27,475.00 Sold For $14K 2005
03 Cobra $34,460.00 Sold for $25K 2006
97 GT $20,445.00 Still own
Now reginal dealer markup for WA, the 05-07 GT's are a BARGIN in price!!
S197 cars are a killer deal for the price, IMOP.
Marine One
New Member
YardSpecial said:
And mine:
95 GT Conv purchased Mar 2000 (29k mi) for $13,500, sold Nov 2002 (at 85k) $10,500
96 Cobra Conv purchased Oct 2002 (36k mi) for $16,000, sold Sept 2006 (at 82k) $11,500
DukeOfValencia
Member
RED2001GT said:
I guess "overpriced" is a matter of opinion. After all, I think Lamborghini's are ridiculously overpriced. However, I don't go to Lambo boards complaining about it... You have to compare the price of what you are getting to what other companies offer... a comparible vehicle might be the 350Z. The MSRP of the 2005 350Z was $27,450. So I'd say the Mustang is priced about right.
I'd like to know where the idea that MOST people's salaries have NOT increased with the rate of inflation comes from. Any data to back it up? Just asking because my salary has far exceeded inflation.
RED2001GT said:
First, it sounds like you need to find a new job. In my younger years I went through many jobs before I got a job at a company that paid me what I was worth. Life's not a free ride. If you want to make it you have to get out and hussle to find a good opportunity.
Second, the price of the last generation Mustang was artifically low because the last generation Mustang was not a great car. Its platform that dated back to 1979 was hoplessly out of date and in the years 1999 - 2004 it did not meet competitive standards for ride, noise harshness, handling, comfort, etc. (Don't argue with me, I own a 2001 Mustang GT, I know how bad SN-97 Mustangs are, Ford had to put big rebates on them to keep selling them).
The sticker price on my 2001 Mustang GT Premium Coupe with no options had a sticker of $ 24,285. Using 3.5% inflation / year that means based on only inflation the sticker on a 2007 Mustang GT Premuim Coupe should be $29,852. Add in the extra equipment and improvements in the S917 and that's worth at least $2K more making a "reasonable" sticker price for the 2007 Mustang GT Premium coupe w/o options $32,000.
Sounds to me like Ford has managed to keep pricing of the 2007 Mustang below the inflation rate.
351CJ said:
All that I have to say is that all you people who purchased the 05-07 Mustangs paid too much for them. And I disagree with you that the the 99-04 Mustangs were not great cars. They were more affordable than the 05-07 Mustangs. I am not the type of person who wants to overpay for a vehicle, whether it be a Ford Mustang or anything else. I'm glad that I got a really good deal on my 01 Mustang GT and on my 02 V6 Mustang. I would never pay the outrageous prices that they are currently asking for the new 07 Mustangs. The 07 Mustang GT Coupes are not worth more than $24,000 TOPS. But there are people out there who will pay $28,000 and $30,000 for them just because they want to own one. I say all the power to you if you like getting raped by Ford.
SVTdriver
Founding Member
RED2001GT said:
In YOUR opinion we paid too much for them. As for your statement about people buying them because they want to own one. If you are not buying a car because you want it. Then you are stupid and not going to like your purchase. As for your idea of overpriced. Let's do some quick math.
MSRP for a base 2003 gt $23500 times that by 3.5% inflation per year. In year 2004 the MSRP adjusted for inflation would be approximately $24322.50. By the year 2005 the adjusted MSRP is $25173.79. Now in 2006 the adjusted msrp would be $26054.87. These are mind you rough numbers. But the base gt msrp is listed on Ford's website as $26370. Which is approximately $316 more than the adjusted msrp. I can't really see the ridiculous overpricing. Once you actually pay attention to real numbers not opinions. If I think about it more. Then $316 seems cheap to get an entirely new chassis, suspension, body, interior, engine (Which has as much power but seems like more as my 97 cobra) My wages have gone up more than inflation. And I can afford easily the to me ridiculously low monthly payment I have. I was paying more per month on my cobra. And the Cobra loan was for only 1 year less.
