Last post on Nov 25, 2013 at 9:09 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Ford Mustang, Ford Mustang SVT Cobra, Coupe, Convertible
#950 of 1138 Re: What will the Corvette be worth in 10 years? [mschmal]
Apr 25, 2007 (11:02 am)
Ten years ago (1997 model year), Ford produced only 3088 Mustang Cobra SVT Convertibles. According to Edmunds Used Car Values, a fully loaded 97 Ford Mustang Cobra SVT Convertible in outstanding condition with only 5000 miles is worth all of $8,689.
While the Shelby and the SVT Cobra Convertible are not perfectly analogous, the SVT was Ford's rarest, hottest car that year. Assuming you paid nothing more than the $20k "market adjustment" the dealers are currently getting for the Shelby, you still would have lost more than half your investment.
Again, I realize that the Shelby is not the same as the SVT and might hold its value better, but dealers were charging more than MSRP for the SVT in 97 because supply and demand allowed it...While some suckers might be willing to pay 50% more than sticker price for a Shelby because of high demand, that doesn't make it a wise investment.
By the way, a run-of-the-mill 97 Vette is worth about twice as much as the pristine Mustang (and cost the original purchaser about the same).
#951 of 1138 Re: new v8, Premium [jdt141]
Apr 27, 2007 (11:38 am)
You only get two of the rebates. If the car was built before 9/1/06 you get $1,000 + $995 = $1,995. If built after 9/1/06 you get $1,000 + $645 = $1,645. You do not get all three.
#952 of 1138 July Incentives
Jun 27, 2007 (5:50 pm)
Anyone hear what the July incentives will be for the Mustang GT's?
#953 of 1138 Re: July Incentives [novell]
Jun 30, 2007 (12:32 pm)
Well, right now there's $1500 cash that we KNOW about not to mention hidden dealer cash. I'd expect in late July or August you'll be able to grab a 2007 Mustang around -$2000 from invoice. I'm in a holding pattern to see what the incentives will be as I'd like to get a base GT with an MT for under $23k.
Now then, next year at this time of the year there will be HUGE discounts on the 2008's cause in the 09MY there's going to be "new" engines under the hoods of the 6's and 8's.
#954 of 1138 Re: July Incentives [1000hours]
Jul 01, 2007 (11:49 am)
Their is an additional $645 for the auto, brining the rebates for me to $2145. Went to the dealer this past Thursday and couldnt agree on a price. I am in no rush, however I am having a hard time finding a loaded (Premium) GT Auto here in MD/Northern VA. They have the model I am looking at in Frederick MD, I just didnt think they were budging enough for me, time will tell. Good luck to you as well.
#955 of 1138 Re: July Incentives [novell]
Jul 03, 2007 (11:22 am)
Just wait till around the 3rd week of July... You'll see the dealers scrambling to get the 07's off of their lots to make room for the 08's.
I work in automotive and I was recently at the plant where the Dodge/Chrysler Caravan is built (1 of the 2 plants), and they are pumping out the 08's as we speak, and look at the discounts on the 07 Caravan... Monumental discounts! Just wait and be patient and you'll see even more discounts on the Mustang.
#956 of 1138 Re: July Incentives [1000hours]
Jul 03, 2007 (5:36 pm)
I wound up buying a loaded Black/Red GT Auto today. Supplies for the Mustang I wanted (heavily optioned) were difficult to come by and didnt want an 07 to pass me by. Got 2.9 APR for 4 years and the $645 rebate. Wife aint crazy about it with 2 small kids but that us why we have the minivan. I am happy with the deal I got. With a grand down I am paying the same amount as my Accord. Cant wait for a long trip.
#957 of 1138 Couldn't wait...
Jul 03, 2007 (10:23 pm)
Central California. Got a stripped down '07 GT Deluxe for $700 below invoice. It's hard to find minimal options, and wanted my colors How bad a deal did I get?
#958 of 1138 Re: Couldn't wait... [mbrowne]
Jul 04, 2007 (8:39 am)
Sounds good to me, assuming you got the $1500 rebate as well. Holdback from what I read was 3% of MSRP.
#959 of 1138 If you are looking for a 07,
Jul 05, 2007 (6:36 am)
Its you that is going to be scrambling, to find what you are looking for. Ford is not having any trouble at the moment selling down 07s. At my dealership we take all we are allocated and ask for more. At this moment, we won't receive our first 08 Mustang until end of July and the second won't be until August.
We might run out of 07s. Worry about finding your dream options/colors first. Then worry about the deal. You chase the deal and you might not get the car you want.
I'm not saying you should pay sticker price but don't think this is like employee pricing 2 years ago when dealers were begging for someone to buy a car.
IMHO, the best way to get a deal is to use one of the websites that will connect you with a Ford employee who can get an "Friends and Family" X-plan pin for you.
X-plan is around $50 or slightly more below invoice plus you get any rebates, dealer cash, and/or financing that is out there and you save on the documentation fee.
X-plan might be a price you could get to on your own after hours of negotiation. But think of the convenience of walking into a dealer and getting a great deal right off the bat.