What's this Mustang worth?

Mr. B

New Member
Jul 12, 2007
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No one's going to believe this story but here goes...

In 1994 a friend of mine helped his mother find a brand new 5.0L GT. At the time she was 74 years old. She had been driving a 91 5.0L coupe, and decided she wanted the new body style. To make a long story short, she now wants to sell the 94 and get a new Shelby Cobra and it seems like I may have the chance to buy the 94 model.

It only has 44 thousand miles on it, and basically has never gone over the speed limit. She does drive it about three days per week so I'm not really worried about issues from it sitting too long. It has always been garage kept, and it's completely BONE stock as it came. It's the red color and has the 17 inch wheel package that it came with. The interior is solid black with leather seats and the drivers seat looks like it's never been sat in.

She lives near Highland Park in Dallas and has always had the same shop do every oil change for her. The car has never needed any major service to the drivetrain, and still has the original A/C system, water pump, etc. The only thing replaced by the shop was hoses and a belt a while back because they convinced her that it was needed.

Several years ago a car next to her at a stop light was hit and pushed into the driver's side door. She's so particular about her cars that she demand the insurance company put a new Ford door on the car instead of fixing the damadged one. I personally know the body shop who did the work and saw the car after it was done and everything matched down to the amount of orage peel in the paint. It was flawless work.

The ONLY thing wrong with the car now is that recently she opened her door to enter the code on her community gate keypad and bumped the door into it. She was so upset that the door was scratched she wanted to have the same guy who fixed the door last time do it again.

This is literally the car that everyone is looking for. You know, the one a grandma only drove to church and back. The darn thing looks and drives like new and has never had an aftermarket part bolted on it, or a french fry dropped on the floor. These types of situations don't come along that often so I hope when she decides to sell it I get the call. I've already told my friend that I'll take it unless she wants some astronomical price for it. The only thing it has that I don't like is an automatic transmission, but people are telling me that's not really that big of a deal.

So...

What's this car really worth?
 
Yeah... um, I looked at KBB and NADA about 5 seconds after I found out I might have a chance to purchase the car. The point is that it's obviously worth more than most because it's cleaner than any other 94 GT out there. I can also personally vouch for the fact that it's never been ragged on.

BTW, KBB's high value is $4,800 and NADA's high value is $7,000. I've never understood why KBB is so much lower than NADA but it always is.
 
its nice but if no parts have been changed or replaced yet, you can expect that they will all fail under your ownership and you will be the one doing the majority of the work. PS. I had an automatic mustang and hated it.
 
Nice fine, oh KBB is lower cuz most of the time people use it to sell ther own personal vehicles. Most dealerships will use NADA, see the higher prices. Go to a car lot and get a car and they raise the price on it like 2-3k so they can make some money. But like i said most dealerships will use NADA for pricing out ther used cars.
 
Thanks everyone. I was thinking it was worth anywhere from 6 to 9 thousand. I know that she is aware that it has some value, I'm just not sure if she's going to care about making top dollar or not. She's loaded and will pay cash for the Shelby GT she wants when she finds one. Maybe that means she'll want a fair price for the 94 rather than an arm and a leg.
 
Well as usual the car was not in as good of shape as I had hoped. It seems at 87 the owner is driving more by feel then my sight. She's obviously bumped into a few things. the mileage is correct (43,709), it's bone stock, and it's never been ragged on by anyone. It runs and drives great. There are no mechanical issues with the car. Take a look at the cosmetics though and tell me what you think it's really worth.

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wait a minute, she's 87 and wants a Shelby GT??? Can she even drive a stick??? judging by the one she has now, i say no! she will ruin a prefectly good car...as for price on the 94, no more than 6K if it were me, it needs about 1-2K work on it right off the bat...
 
wait a minute, she's 87 and wants a Shelby GT??? Can she even drive a stick??? judging by the one she has now, i say no! she will ruin a prefectly good car...as for price on the 94, no more than 6K if it were me, it needs about 1-2K work on it right off the bat...

True. She's going to ruin the next car she buys. Anyone else have some thoughts on the 94?
 
I would say $3500-7000...

I am giving a huge range here as I am not able to inspect it myself or drive it. By the body I would say lean towards the $3500, but the fact the interior should be mint and it is low mileage, lean towards the $7000.
 
i wouldn't give a dime more than 6K for it, no matter how mint the interior is. like one poster said, not only will he have to have the body work done and painted, but anything that goes wrong with the car will be on him as well, since nothing has been replaced before. if it were me, i would offer her $3500, and start haggling from there, if she is wanting to get rid of it, she might take less than you'd think...but if at all possible, talk her out of the Shelby and maybe into a v-6 Mustang, if she just has to have a Mustang...a new Edge or Fusion is probably more to her liking at this point...
 
Just an update...

I bought the car for 5K and I'm loving it. I've got it running great now and looking a lot better. Should be able to get my Eibach Sportlines and Tokico shocks/struts on in a few weeks. Here's some pics I took today.

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