What should I expect to pay? - Ford Mustang Forum
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post #1 of 7 (permalink) Old 11-30-2016 Thread Starter
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Question What should I expect to pay?

I'm looking to buy my 2nd Mustang sometime by the end of this year early next year. I'm looking at 96 thru 98 cars since I already have a 94 5.0. I see some for sale around places for anywhere from 3 to 8k and even higher in some cases (wtf) that don't ever seem to sell and some that are pretty clean not draw any buyers at 3K. These are cars with less than 200k miles GT of course and 5 speed.

I'm seeing a couple that I would probably offer around $2500 for, am I off base with my price? I realize these cars don't bring the bucks that the 5.0 cars or especially the Fox cars bring but just want to make sure my meter is calibrated in the right direction.


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post #2 of 7 (permalink) Old 11-30-2016
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Depending on mileage, condition, etc I would say anywhere from $2500-$4500 is a reasonable expectation for a decent 96-98 GT. Anything north of that I would want to know why the seller wants that much and if its worth it you, the buyer, to pay for it. Just my $.02...

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post #3 of 7 (permalink) Old 11-30-2016
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What should I expect to pay?

A year or so ago my dad bought a 97 gt vert for a little over $3k I think. He should've paid $2,500 but he got sucked in by a middle aged lady with fake boobs in a red convertible.


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post #4 of 7 (permalink) Old 12-01-2016
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$2500 - $4000 is probably the overall range depending on mileage and condition for a GT. I can only hope that the ones you're seeing for $8K are super low mileage/excellent condition Cobra's or maybe a Saleen (the latter being extremely over valued for what they are, IMO). Most '96 - '98 Cobra's go for about $6K in good condition and mileage.


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post #5 of 7 (permalink) Old 12-01-2016 Thread Starter
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Quote:
Originally Posted by SoCal2V View Post
$2500 - $4000 is probably the overall range depending on mileage and condition for a GT. I can only hope that the ones you're seeing for $8K are super low mileage/excellent condition Cobra's or maybe a Saleen (the latter being extremely over valued for what they are, IMO). Most '96 - '98 Cobra's go for about $6K in good condition and mileage.
Sadly about all the high priced ones I saw were just average or maybe slightly above average but still not enough so to warrant the asking price. Its almost like they don't really want to sell them.

THANK THE LORD FOR THE SMALL AND BIG BLOCK FORD/LORD MR.FORD/FoMoCo
1994 FORD MUSTANG GT 5.0 WINDSOR/ 5 SPEED
1998 FORD MUSTANG GT 4.6 WINDSOR/5 SPEED
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post #6 of 7 (permalink) Old 12-01-2016
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Would you consider a 2005 gt 5 speed? And yeah 6k with low miles good shape would be the highest i would pay for that year car
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post #7 of 7 (permalink) Old 12-02-2016
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The market fluctuates wildly on these cars. In summer '15 when I was shopping, nice 99+ GTs were $6K give or take a grand. Mach 1s were $10k give or take a grand. Right now, it seems like Machs have gone up, while GTs have gone down.

Since all of these cars are now too old to finance and guys are paying cash for them, the GT is always the best buy because you can use the difference in $$$ to buy mods and wipe the floor with a Mach 1 or Cobra. The Cobra Termi is the worst deal because you get stuck with IRS and less power than the new Coyote motor for $20,000. It's insane.

As far as pre-99 cars go, you should find them for $5,000 and less any day of the week.
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