Should I sell my Mustang ?

[LordBritish]

I got an old 2005 Mustang GT that I've modified over the years that's still running good with 63,000 miles on it.

I was wondering if this is a good time to sell it while it's still running good.

Who know what'll break in the future.

What are your thoughts on this?

Do you think the car will get to 100K+ w/o something really expensive breaking.

Already broke the transmission many miles ago so hopefully that won't break again.

What do you think a modified 05 GT would sell for?

 

[quiksilver15]

http://www.s197forum.com/forum/showthread.php?t=114834

car had cams and bolt ons.

 

[LordBritish]

http://www.s197forum.com/forum/showthread.php?t=114834

car had cams and bolt ons.

Very sad.

I have a CAI, tune, suspension mods (shocks, struts, LCA/UCA).

I'll be lucky to get 13K for mine. I guess mods don't really add much to the value unless you got some serious mods like FI.

 

[quiksilver15]

full suspension on mine as well, I wanted to ditch the car before the S550 hits lots

 

[ksack]

You will make the most money returning it to stock. I demodded my 06 with 31k miles and got 14k cash. It appears others are getting 13-15k for theirs just depending on where they are located.

 

[TGR96]

I can't believe quicksilver got $13,600. I have seen similar 05's in my area go for as low as 10K.

 

[Mikes06GT]

My buddy just sold his 2007 GTCS with 52K miles in mint shape with hot rod cams full exhausts and other bolt ons to a used car dealership for $13500. I thought that was pretty good since they need to turn around and resell at higher price. And that was not a trade for another car. He went there with it, they cut him a check and that was it.

 

[302]

Why people think 100k miles on a vehicle is too much is beyond me...

 

[johnnyv8]

I'm over 100k, no real issues that racing didn't cause. The motor is still a virgin and very strong.

 

[05gtowner]

Why people think 100k miles on a vehicle is too much is beyond me...

Agreed modern engines are good to well over 200K and longer if maintained regularly and serviced.

 

[00blkvert]

luckily around me even the 3vs are a hot car. I was offered 13k for trade in when i was testing the waters of getting a focus ST

 

[TGR96]

IIRC, I think there is a thread on here about a guy who has put over 200K on his 3V with no issues. Just regular routine maintenance.

EDIT: here's the thread:

http://www.s197forum.com/forum/showthread.php?t=83066&highlight=200K+Miles

 

[quiksilver15]

I can't believe quicksilver got $13,600. I have seen similar 05's in my area go for as low as 10K.

Yah I started at 16k about 3 months ago, and slowly started lowering the asking price. Jumped at the first person with cash that offered over 13k

 

[Kylar]

Price can also vary alot depending on location, and also if its private party or dealer. 05-07's seem to go for $14-17k here depending on miles, etc.

I picked up my 05 premium with a ton of suspension mods and 20k miles for $12k, which was a really good deal for me.

 

[cm581978]

People want the latest and greatest

Why people think 100k miles on a vehicle is too much is beyond me...

 

[Greg Hazlett]

I think part of the 100K issue is that banks won't grant loans on vehicles with over 100K so people have to pay cash or get a personal loan.

 

[mustang02]

I think part of the 100K issue is that banks won't grant loans on vehicles with over 100K so people have to pay cash or get a personal loan.

Its the age of the vehicle mostly. Auto loan for a car over 10yrs old won't happen for the bigger banks. Credit unions might work with you. Or like you said take a personal loan usually with higher interest rates.

I wish I could keep a car to 30k miles let alone 100k.

 

[DDTCM]

My 07 MT with wheels,kooks full exhaust,CAI,tune,4.10s,52k miles and clean as a whistle sold for $18K here in TX......that was almost 4 years ago though. I had dealers offering me 14k at the time.

 

[GallopingFord]

I think part of the 100K issue is that banks won't grant loans on vehicles with over 100K so people have to pay cash or get a personal loan.

For the average credit, no. However if you are like a 775+ or have a lot of money down, it is very doable.

 

[torchred]

I am also confused how newer car owners think that at 100K the whole car is going to somehow self-implode. Call me jaded because most of my life I've only been able to afford 20+ year old fox bodies and GM products with 150K+ miles, but at 50K miles, I feel my 06 GT is just BARELY getting broke in.....not a spot of rust on mine, bushings all appear factory new........so its new TO ME. You can have your $500 a month car payment for the latest greatest fancy shamncy mustang.....

My vote is to pay that bitch off (if you haven't already) and enjoy no payments...