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Prices Paid: Buying & Leasing Experiences Ford Mustang Prices Paid and Buying Experience
1060 messages, Last post on Aug 29, 2009 at 9:21 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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As any 9th grader should be able to tell you, the price of any merchandise is determined by supply and demand. Ford has sold between 140,000 and 180,000 Mustangs per year going on 10 years now. Thats a lot of cars! For comparison, Mercedes Benz only sold about 240,000 units all models combined in 2006. Mark. |
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2007 GT Convertible approx $34000 sticker. I'm figuring less $2500 to get to invoice, less $2000 rebate, another $500 discount, 3% holdback...plus it's an 07, its end of year, it's a convertible and it's winter, etc. Can this car be had for $28000? If not, where do I start? I'm in Philadelphia area. Thanks.
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$28,000 sound pretty close man. Mark. |
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Replying to: ckone0814 (Dec 13, 2007 7:24 am) Again, using Edmunds.com to get the TMV of an '08 GT Prem conv with typical equipment, list $34,180 and TMV after incentives is $31,576. At least, that's my 2 cents. |
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Replying to: ckone0814 (Dec 13, 2007 7:24 am) Why not throw that number at the dealer and take it from there?
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Replying to: cccompson (Dec 15, 2007 6:07 am) I'm surprised (and bummed) they let a cash deal go. This car will be two years old in 15 days!
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Replying to: ckone0814 (Dec 15, 2007 11:55 am) Nothing could be further from the truth because cash denies them the ability to make money by handling the financing. While it's possible that you might hit a store at precisely the right time to get a fantastic deal (example: they're one unit away from hitting a bonus), your earlier reference to them giving you their holdback and $500 seems to me to be unrealistic.
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Replying to: cccompson (Dec 15, 2007 7:10 pm) Yes, I'm beginning to realize that I'm not going to get the car at the price I mentioned. I feel confident that my local dealer is at their bottom because a few other dealers (whom also don't have the car) told me that the price I was given would be the same as what they could do. All told me the only dealership who could do any better would be the one who actually had the car - because only they had access to the holdback and may (or may not) dip into that holdback to sell the car. Basically, at this point all anyone is willing to do is invoice less rebates. On a 2007 that just does not seem to be enough to me but...I am also beginning to see that what I'm looking for - 2007 GT/manual/conv is pretty rare (as others told me on CS). In fact, a competing dealer told me flat out, "It's the exact car you want at a good price. It's an awesome car, go buy it and enjoy it. If you play around too much you're gonna lose it". I also get your view on making money back on financing - I though that would be the case.
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Replying to: ckone0814 (Dec 16, 2007 5:09 am) Now, I will tell you that the days of great resale on the S197 are gone so be prepared for typical depreciation if you buy new. My '06 GT 'vert stickered at $35,030. It only has 1800 miles on it and I'd be lucky to get 22K on a trade now. But I'm not complaining. It's a fun car with pretty good build quality that I expect to keep for many years.
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