Last post on May 20, 2013 at 3:13 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Ford Mustang, Ford Mustang SVT Cobra, Coupe, Convertible
#63 of 1125 Re: coming off the sales of Stangs for $15k [m1miata]
Mar 02, 2005 (5:14 am)
Yes, I have to agree with you m1miata. My wife purchased a new 2004 GT premium last October for well below the sticker including rebates. It is a shame that Ford finally has a mass-produced vehicle that produces some excitement for the average Joe who remembers the 65 experience and then reverts to the mark-up mania usually reserved for truly "got-to-have" vehicles like the Ford GT. There are few of us who can see one of these beauties much less sit in one. Oh well, maybe in the spring or during the 06 model year the market may return the base Mustang to a more realistic price structure. Hopefully, customers who were turned-off by the current price mania may still be in the market for a new vehicle.
#64 of 1125 Keep on topic
Mar 02, 2005 (7:30 am)
If you wish to discuss other cars, please use the pull-down menu on the left to locate discussions about various make/models.
This discussion is ONLY about Prices Paid & Buying Experiences of the Mustang.
#65 of 1125 A Couple Of Things...
Mar 02, 2005 (7:41 am)
The manufacturer has nothing to do with the dealers' price gouging. I've learned in the past that dealers can basically run their businesses however they want since it's a franchise. They only have to adhere to some very loose and unpoliced guidelines set by the manufacturer. Outside of applying rebates and servicing the cars, it's a free-for-all in how they do their business. The domestic manufacturers need to pull in the reigns a bit, like the Japanese manufacturers.
The other thing is that price is also ruled by demand. Right now, the supply is nowhere near able to keep up with the demand (for GTs, at least). That's why most dealers aren't willing to move off MSRP or higher. It's also why there's so much gouging going on, though I can't understand why there would be a markup on a V6 Mustang. Then again, it could be because the V6 has closed in on the GT in everything except power. Before, the V6 was as different from the GT as the GT was from the Cobra. Now, the V6 has the same suspension, interior treatments, etc. as the GT. Only thing missing is the snarly V8 and some exterior appointments.
At the risk of sounding selfish since I already have mine, I hope the pricing stays that way for a good, long while. It helps keep the value of my GT up. As soon as the market gets flooded with these cars, we are going to take a depreciation hit like crazy! I was one of the "lucky" ones who was able to get one "simply" at MSRP. Normally, I would've run right out the door. But in this case, it is loaded with every option, except automatic and spoiler delete, and it had never even been driven other than at the shipping yard and for PDI; she only had 4 miles on the odometer when I bought her. The peace of mind in knowing that I truly am the "only" one to have driven it was worth paying MSRP to me. I don't have to worry about how badly it was abused on test drives, how many people have been touching all over it, etc. If a problem crops up, I know that it is either a manufacturing defect or something that I did. I don't have to wonder what somebody else could've done to cause it or how much abuse it was put through to get to that point.
Peace of mind is a valuable thing.
#66 of 1125 Mark-ups
Mar 02, 2005 (3:11 pm)
Even here in New England where we have relatively few 05 Mustangs compared to the south where more of the inventory has been shipped, we have dealers discounting their new Stangs to reasonable prices. I am paying $500 over invoice for my V6 Premium. Others in the northeast are getting decent deals too. Any dealer marking up from MSRP doesn't deserve consideration from a serious buyer.
#67 of 1125 Re: Why I will not give my money to Ford! [tayl0rd]
Mar 03, 2005 (7:05 am)
An interesting letter and observations. Just wondering why you didn't try the 350Z or RX8?
#68 of 1125 Re: IUP [tpken]
Mar 08, 2005 (3:43 pm)
No IUP or other interior upgrade. None available when I bought. Beige cloth interior. I would have liked the IUP and will probably upgrade the steering wheel later when there are some at a salvage yard. Still love the car.
#69 of 1125 Re: Surprised By Price Mark-Up [1panky]
Mar 08, 2005 (4:00 pm)
If you haven't already tried, cross over to Northern VA. I bought my V6 at World of Ford on Route 1 (Richmond Highway) in Alexandria. They discount without a problem. I was able to buy on the Ford X plan when other dealers would not sell at that price.
I think the car is priced right at list, but less money is always better. I agree that at 2K over on a V6 the Maryland dealer will have lots of inventory.
#70 of 1125 Re: Surprised By Price Mark-Up [carprof1]
Mar 09, 2005 (5:36 am)
carprof1 Thank you for the information. I am located in the DC metro area, an easy commute to Alexandria.
Mar 09, 2005 (7:12 pm)
I really appreciate this board so I'll share my experience too.. I just pulled my black on black GT Convertible into the garage (30 miles on it now, 4 when I picked it up this afternoon).
I live in Sacramento, and the biggest dealer in town called me triumphantly on Sunday to tell me that they just got a few GT Convertibles.. they are marking them up $10K (but it's "negotiable").
So I decided to get some other car...
While researching the "other car" yesterday a salesperson at another local dealer told me "I have a GT Convertible on the way right now, should be here by the weekend". I winced and said "how much"? She said MSRP. I put the deposit down yesterday, and took delivery today.
I don't care what happens with this model in the future price-wise, I gotta say that this car at full MSRP is the best value I have ever seen in my life. It would be easy to spend $80K and not turn as many heads!
Anyway - just thought I'd share my .02.
By the way, the person who sold me the car said her dealership isn't doing "plan A" on GT Mustangs...
Enjoy your cars!!! Even if you paid a markup ... "so what". I'm happy you have an '05 Mustang and you should be too!!
#72 of 1125 New 05 V6 Premium at invoice
Mar 10, 2005 (10:46 am)
I picked up my car on Monday - after waiting since Oct for the order to be pulled and built. I had been told by other dealers that MSRP was the price - no discounts - but a friend of mine who is the internet sales rep at my dealer quickly agreed to $500 over invoice - and I get the $500 rebate from AQHA to bring the net price back down to invoice (including holdback) so it's a $22.9K car for $20.3K net. The dealer did screw up the paperwork pretty badly at the point of sale and it took a while to get the price correct but otherwise the experience was fine. Can't wait now to start using the car regularly once our winter weather here in northern New England lets up!