Used market pricing on 90-93 5.0 LX models... - Ford Mustang Forum
Closed Thread
 
LinkBack Thread Tools
post #1 of 23 (permalink) Old 01-10-2006 Thread Starter
Rookie
 
mnassour's Avatar
 
Joined: Jan 2006
Location: Austin
Posts: 19
 
Used market pricing on 90-93 5.0 LX models...

Well, this seemed to be the best place for my first message (besides the howdy posted up above).

A few years back I made the mistake of NOT buying a 92 5.0 LX convertible. I would now like to rectify that mistake by looking on the used market for a nice, unmolested, one.

Something interesting....each and every early 90s 5.0 that I can find in my area has an asking price of at least $1500-$2000 above NADA retail. My sources are the local papers here in Austin/San Antonio, as well as the larger papers in Dallas and Houston as well as autotrader.com Now I've been buying cars for about 30 years and this is the first time I've seen this big a difference in what NADA claims a car is selling for and what I have seen in the ads. Does anyone have any thoughts on what might be causing this?

Now I'm not talking about the special edition reds or yellows or the 7up cars...I mean just a plain old LX 5.0 convertible in decent shape.

Frankly, I don't mind paying the current asking prices...I just want to make sure I'm getting a fair deal. Thanks in advance for making this newbie feel welcome!

Mike Nassour / Austin Texas
mnassour is offline  
Sponsored Links
Advertisement
 
post #2 of 23 (permalink) Old 01-10-2006
Apprentice
5.0L Member
 
jerry_dawg's Avatar
 
Joined: Jan 2005
Location: Rochester
Posts: 138
 
I had to pay above nada by $1500 here in ny. Uphere everything has rust and my 5.0 is pretty much rust free, for ny standards. Everything is rusty here The k member has some but when the motors out I'm cleaning that up with the other small rust. After that it should be good since it doesn't see winter. But, its one owner(verified female) full maintenance records, no window sticker but original bill of sale. For some strange reason, the 80's-93 5.0 are rare around here. Not many 4cyls either. But above 93 theres plenty. The high prices are probably the result of the market. I could have passed on my car but I liked it and probably would have regretted not buying it.

5.0 LX Hatch-aod w/3.55's 331, trickflow twisted wedge heads, trickflow cam, trickflow intake, flowmaster catback,catted h, Times this spring! Old combo: stock 302 aod 4.10's, tfs intake, 65mmtb, o/r h, catback Old combo best 1/4 et:14.685, 60':2.222
jerry_dawg is offline  
post #3 of 23 (permalink) Old 01-11-2006
Made Member
5.0L Member
 
speedytang's Avatar
 
Joined: Apr 2003
Location: Marengo
Posts: 631
 
Send a message via AIM to speedytang
Prices range in my area by the market of Want. Everyone Wants a 5speed car so getting $6k-$6.5 for a clean car no matter the mileage is common. If it is a Automatic car you can get a clean GT or LX for $3.5k. Last Sept. at a local shop my son was talking to a guy with a clean 91 Red 5-Speed GT Convert. that he went to S.C. to get and paid $14k for because it had not been modified and had 23k miles.
speedytang is offline  
post #4 of 23 (permalink) Old 01-11-2006 Thread Starter
Rookie
 
mnassour's Avatar
 
Joined: Jan 2006
Location: Austin
Posts: 19
 
That's kind of what I figured, but in this part of the country, NADA has usually been pretty accurate regarding what any particular car actually sells for.

I guess I'm just turned around as to why the higher sale prices that I'm seeing aren't reflected in the NADA figures. Don't get me wrong...I'm all for someone selling a car for as much as they can get, especially if it's a nice Mustang. But it does seem like the 90-93 models do indeed bring a premium that for some reason is not being shown in the NADA book.

______________________

Mike Nassour / Austin Texas
mnassour is offline  
post #5 of 23 (permalink) Old 01-11-2006
Apprentice
4.6L Member
 
jeff's01's Avatar
 
Joined: Jul 2002
Location: Fort Worth
Posts: 184
 
My wife and I purchased a 1990 GT Convertible about 2 months ago in the Fort Worth area. According to the NADA book, we paid $1500 LESS than what it shows to be worth. Just takes time and patience. She watched the adds for nearly a year before I got her to jump on this one. All the other ones we looked at were running 2 to 3K above what the book shows and if you went to a used car dealer, they were out of the park. As you know, in central and northern Texas, these cars are nearly rust free.

www.silvermustangclub.com
www.matherracing.com
jeff's01 is offline  
post #6 of 23 (permalink) Old 01-11-2006 Thread Starter
Rookie
 
mnassour's Avatar
 
Joined: Jan 2006
Location: Austin
Posts: 19
 
Hmmm...yes, good points, but it's hard to be paitent when you've got the wants for a Mustang! And I AM being rather particular...I want a LX 5.0 with an automatic, with no mods whatsoever. 100K or less would be great.

One of the San Antonio cars I'm looking at is completely stock, except for a rebuilt AT, about a year ago. It has 87K and the owner is firm at $5700.

The other is a private party on autotrader:
http://autotrader.com/fyc/vdp.jsp?ca...=en&cardist=71

This one seems a little high at $6,000, especially since the car has been repainted.

I've heard more than one story about rebuilt automatics...is that a common thing? I know it was with my 92 Explorer!

______________________

Mike Nassour / Austin Texas
mnassour is offline  
post #7 of 23 (permalink) Old 01-12-2006
Rookie
 
Cajun93's Avatar
 
Joined: Dec 2005
Location: South Louisiana
Posts: 5
 
Talking

I think the trend is only going to get worse. I bought a bone stock (stick) 93 hatch (Strawberry on black) with 86k for a little over $6k. Well over NADA, WELL worth it. I'd buy a 5 spd fox with 20-30k miles for 9-10k if I had the money.

Good luck on your quest, there's not much here in South Louisiana if your looking. I'm looking for my brother-in-law. The good ones are in the garages of old women (not for sale) and will trickle out slowly over the next 10-20 years.

That Black on Black bone stock 93 Cobra with 30k miles is out there somewhere with my name ALL OVER IT. :eyepoppin BACK OFF!!
Cajun93 is offline  
post #8 of 23 (permalink) Old 01-12-2006
Rookie
 
BigRed's Avatar
 
Joined: Jan 2006
Location: V-Town, Tx
Posts: 8
 
I just bought a red 91 5.0, red/black interior, 90k miles. no modifications. Its a beauty :eyepoppin
BigRed is offline  
post #9 of 23 (permalink) Old 01-13-2006
Made Member
Classic Member
5.0L Member
 
systronic's Avatar
 
Joined: Sep 2005
Location: Pittsburgh
Posts: 1,133
 
Send a message via AIM to systronic
bought my LX for $1500 bucks in PA. has fresh paint too.
it is an '88 so a bit older than what youre looking for i guess... but i couldnt pass it up.

1965 Mustang Coupe Project: 1965 Mustang Inline 6 (For Now) Coupe, New Floors, New Quarters | Ford 9 Inch Rear, 11" Rear Disc Brakes, 3.50:1 Gears | Control Freak Front U/L Control Arms, Global West Adj. Strut Rods | KYB Gas-A-Justs, Grab-A-Trak 620 Coils & Mid-Eye 5-Leafs | Global West Tubular Subframe Connectors | Addco 1-1/8 Front Swaybar Kit

systronic is offline  
Apprentice
 
GhostlyStang's Avatar
 
Joined: Nov 2003
Location: Newark
Posts: 148
 
Send a message via AIM to GhostlyStang
i lucked out...

i bought my 1987 5.0 from a friend of the family for $2500 with 130k miles, completely stock, and time slips for 13.9's

then i got lucky again and bought a 1984 GT Turbo Mustang for $1000 from a kid cause he must have been street racing, got caught, and his father was a cop, so he was making him sell it on the spot... i was just lucky to take it off his hands at that second.

2004 GMC Sierra 1500 Z71-- Daily Driver
87' 5.0 Notch--
This car is fast enough to hold its own... heh
84' GT Turbo--
In the middle of a complete motor buildup
You may have 600 horsepower, but can u put it to the ground.
GhostlyStang is offline  
Rookie
 
RabidSmurf's Avatar
 
Joined: Jan 2006
Location: Edmonton Alberta Canada
Posts: 8
 
I also lucked out, my Uncle bought my 1988 Mustang LX 5.0L HO brand new, and he never modded it, took extremely good care of it and drove it basically like an old man the entire time he owned it. (Which really makes no difference because the 5.0L is one of the toughest motors available).

Anyway needless to say my 88 is completely 100 % mint, never been in an accident my uncle was original owner, low mileage. But him being Mechanically illiterate he thought since the strong arms that hold up the hatch where not functioning anymore, that the entire car was falling apart.

So he sold it to me for $1000 dollars. Only 180,000KM so in american I think thats 105,000 miles not to shabby. 60 dollars for new strong arms and that car is practically brand new, I love it.

1988 Mustang LX 5.0L
- 2 Door Hatchback
- High Output Heads
- Headers
- Catback Exhaust
- C4 Automatic with shift kit.
- Mint body and interior. Plan to lower, stiffen chassis, put on flashy rims and low profile tires, and paint forest green with white racing stripes.
RabidSmurf is offline  
Made Member
5.0L Member
 
Young_Buck's Avatar
 
Joined: Oct 2005
Location: Metuchen
Posts: 861
 
Send a message via AIM to Young_Buck Send a message via MSN to Young_Buck Send a message via Yahoo to Young_Buck
Like the gentlemen above, I lucked out completely.

The gem I've got now came already modified, pristine condition, no major damage, and a key-turn-and-drive-away.

She cost me about $5,000 after everything was said and done.

Bought her at 73,000 original factory miles and she's now got 75,000.


My biggest suggestion is for you to just sit back and wait on the one that's right. Don't jump, just wait and be patient. I sat by for about three months before this one popped up.

1990 Black Mustang GT - Breanna

Died March 18, 2009

1986 Silver Mustang Convertible - Phoenix

From the ashes shall rise...
Young_Buck is offline  
Apprentice
 
GhostlyStang's Avatar
 
Joined: Nov 2003
Location: Newark
Posts: 148
 
Send a message via AIM to GhostlyStang
ya definately dont just into one fast....

look around... you will find one priced right

2004 GMC Sierra 1500 Z71-- Daily Driver
87' 5.0 Notch--
This car is fast enough to hold its own... heh
84' GT Turbo--
In the middle of a complete motor buildup
You may have 600 horsepower, but can u put it to the ground.
GhostlyStang is offline  
Rookie
 
nc_stang_girl's Avatar
 
Joined: Sep 2005
Location: Southeast
Posts: 31
 
I never go by NADA when looking to purchase a Stang. I've been around that market for so long that knowing about what one is worth is just in my nature. NADA tends to lie on these cars. Look up a 93 Cobra on there, then try to go find one for what they're saying they are worth. I just don't trust them on these type of cars. If I want one badly enough, I'm willing to pay for it. I gave $6k for my 92 notch in 2000. But it was a one owner car with low miles, and it was bone stock. So it was a good solid foundation for me to start with. Price is relevant to each person's personal opinion of worth, and how badly they want it, IMPO.

~Not your average chick!~
nc_stang_girl is offline  
post #15 of 23 (permalink) Old 01-17-2006 Thread Starter
Rookie
 
mnassour's Avatar
 
Joined: Jan 2006
Location: Austin
Posts: 19
 
Well, this just confirms everything I've heard about NADA, but I still just don't get it. Since it's supposed to be simply a reporting service for dealers, are there a lot of trashed Mustangs out there that are skewing the numbers lower?

Anyway, my ideal car is a convertible (of course) with about 80K, in either bright red or light green, built from 92 or 93, automatic, with a seller who'd like to get about $5000-$6000 for it...oh, and it should be unmolested, of course. I don't guess any of you have one of those in your back pocket, eh?

I've come close a couple of times here in Austin, but something always went bump at the last minute. Is it the opinion of the group that I should keep waiting for that one magical Mustang, or how long before I just decide to take what I can get?

______________________

Mike Nassour / Austin Texas
mnassour is offline  
Sponsored Links
Advertisement
 
Closed Thread

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Ford Mustang Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a VALID email address for yourself, otherwise you will not receive the necessary confirmation email needed to confirm, validate and activate your new AFM member account.

Failure to provide a VALID email address, will result in the cancellation of your new AFM member account registration.

Email Address:
OR

Log-in









Random Question

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183