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Ford Mustang Prices Paid and Buying Experience

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Comments

  • novellnovell Posts: 26
    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.
  • 1000hours1000hours Posts: 29
    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.
  • novellnovell Posts: 26
    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.
  • mbrownembrowne Posts: 3
    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?
  • novellnovell Posts: 26
    Sounds good to me, assuming you got the $1500 rebate as well. Holdback from what I read was 3% of MSRP.
  • mschmalmschmal Posts: 1,757
    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.

    Mark.
  • I'd recommend giving thought to Mark's advice. His help came in handy when I ordered mine (GT convt 5spd w/ polished rims, ...) in March. Got it w/in 7 weeks for invoice and also got a $1000 rebate. Spent very little time w/ the salesman, mostly via phone & email, but nevertheless had an enjoyable experience dealing with him.

    Also, from my perspective, don't overlook the value of time. The past couple months with a GT droptop have been really cool. That's gotta be worth something.
  • mikep8mikep8 Posts: 2
    Got an offer for a V6 Coupe w/ Auto/Pony/Int Upgrade Pkg/ABS/Side Airbags for $23K OTD, what's the best guess as to whether this number will go down at all next month?

    Thanks.
  • novellnovell Posts: 26
    With the 08's coming to dealers shortly, My guess is the most they will come down is another $500 or have even lower financing extended past 36 months at zero. What color? You going to take the rebates or financing? I got my 07 GT Auto last week and have been enjoying it. If you feel like it is a good deal then do it.
  • mschmalmschmal Posts: 1,757
    $2,000 rebate or low financing!

    Mark.
  • 1000hours1000hours Posts: 29
    At first I was going to say that was way too much, but after going over the numbers and options, that's not too bad a deal after all. Those options sure do add up to a lot... You're almost inside a base GT model price range there. I also thought the Pony Package came with ABS as standard, but I guess not...

    All I know is that I see a lot of Mustangs sitting on dealer lots and as August gets closer, deals will get better by default.

    Personally, I am going to wait it out since in my area there are lots of 'stangs on the lots around here. Even if I had to drive a couple of hours to get the car I want and at a great price, then fine, I'll take a day off from work and make it a fun experience.
  • dodohyydodohyy Posts: 1
    How do you find the 2000 rebate? I only see a 1500 rebate. Thanks!
  • mschmalmschmal Posts: 1,757
    Pony included abs only in 2006. ABS was broken out for 2007.

    Rebates are by zipcode, your region might be less.

    Mark.
  • Wow, everyone here is talking new Stangs and here I am having just bought my first Stang ever and it's a '95GT. I feel pretty good about it though since it's my best cousin's car and he collects them. Has 14451 miles original miles and never been driven in snow or rain and always stored in his huge stable. He bought an '06 GTO and I mentioned him selling me his Stang last summer and got a call 3 months ago with him offering it to me only for $5K. I think I just got me a steal since I have driven the car and it's like showroom condition. Now to decide whether to keep it or sell it again. Bet I keep it after the drive from Montana to Texas. ;)
  • Why are Mustangs being sold at relatively low mileage at dirt cheap prices? What is wrong with these cars that they're being sold this fast? Is it 10 years later and the fall apart?Is it because they require alot more maintenance than usual? Do people actually not like the older models and would rather have a 2005 and up version? What do you look for in a Mustang to tell if some stupid kid had the car to destroy it doing donuts in a parking lot?

    What is it like living with this car? Do you get pulled over more becuase its a high-performance car? It is more likely to get stolen because its a sports car and might not have as good a security system as Audi or BMW? Can anybody who has either a used '95 or so Mustang and one made in '99 and up- what's the insurance rates for that car?

    Which mustang with the v8 or the v6 is harder to pass emissions inspections? What can be done to the car to make it pass emissions? What can happen to an 8 year old Mustang that can drastically affect the car's performance for the worst?

    Why are Ford owners properly maintaining THESE cars only to sell the at 80,000 miles when they beat the crap out of other cars, put high mileage on them, and then sell them "as is?"
  • OK, got the beast home. Runs like new and still has the new car smell BUT, I hit a small bump and the rear end bottoms out totally. I mean really bad. I have had opinions from "bad shocks" to "bad springs" and another one "they all ride like that". I need some serious advice on this issue. Personally I think it's the shocks that have gone bad from sitting so much over the years (14,412 original miles) and have lost their umphh.

    Email me some serious advice to busric@hotmail.com so I can get past this issue. Other than this one issue, the car runs and looks like brand new.
  • mschmalmschmal Posts: 1,757
    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.
  • 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.
  • mschmalmschmal Posts: 1,757
    $28,000 sound pretty close man.

    Mark.
  • If I couldn't get an '07 GT Premium Conv with $34K MSRP for $28K (or less) plus TTL, I would try to deal for an '08 instead. First, according to Edmunds.com, a new '07 GT Premium conv with "typical" options lists for $34,035 and while the TMV after incentives would be $30,558, you should checkout what you could SELL the same vehicle for because this vehicle is one year old already. Even with only 1 mile and in "outstanding" condition, a "used" '07 GT Prem conv with "typical" equipment would have a private party value of only $26,153 (again according to Edmunds.com).
    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.
  • cccompsoncccompson Posts: 2,388
    $28,000? Possible but not likely.

    Why not throw that number at the dealer and take it from there?
  • I did this afternoon. After an hour or two they were only at $29500. They let us walk. As I said, the car is at a dealer within 80 miles - they told me to go ahead and check around, that we wouldn't do better. I got the VIN and have contacted 4 other places including the dealer that has it in stock. We'll see.

    I'm surprised (and bummed) they let a cash deal go. This car will be two years old in 15 days!
  • cccompsoncccompson Posts: 2,388
    For reasons that I don't understand there is a popular misconception that dealers somehow favor (or benefit from) a cash transaction.

    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.
  • "your earlier reference to them giving you their holdback and $500 seems to me to be unrealistic."

    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.
  • cccompsoncccompson Posts: 2,388
    You got good advice from that dealer. If you're like me, you want what you want, period. If I have to swallow hard, I figure that's ok because then I'll be happy, both short and long term.

    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.
  • Anyone bought a 2008? Out the door price paid? Thanks
  • Bought one! $34,380 sticker, deal was $28,000 plus tax and tags. I'm SO psyched.
  • r4d4r4d4 Posts: 3
    Hi all ... need some help. I am looking into buying the 2008 V6 Prem Mustang Coupe.
    Here is what I would like:
    1. 5 Speed Auto Trans
    2. Safety & Security Pkg
    3. V6 Pony Pkg
    4. Interior Upgrade Pkg
    5. Ambient Lighting

    What do you all think would be a good deal? Anyone get one recently with similar options?

    Also - I see there is a 1500 rebate but if you decide to go with their financing, then is either the financing or the cash rebate ... is that true?

    One last thing ... If I am eligible to get the $500 student discount, I should be able to get that and either the cash rebate or the % financing? Any advise?
  • cccompsoncccompson Posts: 2,388
    Figure out what the invoice is, subtract any rebates, and that's your target price.

    Run the numbers both ways (financing vs. rebate) to see which works best for you.

    College grad money and the like is in addition to other available special offers.
  • r4d4r4d4 Posts: 3
    $22,548 ... is that a good deal for this car? The invoice price from Edmunds comes to $23,622

    Vehicle Description
    MUSTANG 2008 V6 COUPE PREM
    4.0L SOHC V6 ENGINE
    5-SPEED AUTO TRANSMISSION
    Exterior
    ALLOY CLEARCOAT METALLIC
    Interior
    LIGHT GRAPHITE LEATHER TRIMMED BUCKET SEATS

    Standard Equipment INCLUDED AT NO EXTRA CHARGE

    EXTERIOR
    . 16" BRIGHT MACHINED WHEELS
    W/CHROME SPINNER
    . P215/65R/R16 TIRES
    . STAINLESS STEEL SINGLE EXH
    . DUAL POWER MIRRORS
    . VARIABLE INTERVAL WIPERS
    . REAR WINDOW DEFROSTER

    INTERIOR
    . AIR CONDITIONING
    . SHAKER 500 AUDIO SYSTEM
    AM/FM W/ CDX6 & MP3
    . AUXILIARY AUDIO INPUT JACK
    . CLOTH FRONT BUCKET SEATS
    . POWER 6-WAY DRIVERS SEAT
    . SPLIT FOLD REAR SEAT
    . CENTER CONSOLE W/ARMREST
    . SPEED CONTROL/TILT WHEEL
    . POWER DOOR LOCKS & WINDOWS
    . DUAL VANITY MIRRORS
    FUNCTIONAL
    . BRAKES, POWER 4-WHEEL DISC
    . POWER RACK PINION STEERING
    . POWER POINTS (2)
    SAFETY/SECURITY
    . AIR BAGS, DRIV/FRONT PASS
    . SIDE-MOUNTED AIRBAGS
    DRIVER & FRONT PASS SEATS
    . FRONT/REAR OUTBOARD THREE
    POINT SHOULDER/LAP BELTS
    . 24 HR ROADSIDE ASSISTANCE
    . SECURILOCK
    . REMOTE KEYLESS ENTRY
    WARRANTY
    . 3YR/36000 BUMPER TO BUMPER
    . 5YR/60,000 POWERTRAIN
    . 5YR/60,000 ROADSIDE ASSIST

    Price Information MSRP
    STANDARD VEHICLE PRICE $20,480

    Key Standard Equipment
    ORDER CODE 120A-PREM COUPE
    3.31 RATIO REGULAR AXLE
    16" BRIGHT MACHINED CAST AL
    SHAKER 500 AUDIO SYSTEM
    AM/FM STEREO/6-CD IN DASH/M
    POWER 6-WAY DRIVER'S SEAT
    MANUAL AIR CONDITIONING

    Optional Equipment
    2008 MODEL YEAR
    ALLOY CLEARCOAT METALLIC
    LIGHT GRAPHITE LEATHER
    .4.0L SOHC V6 ENGINE
    5-SPEED AUTO TRANSMISSION 995
    INTERIOR UPGRADE PACKAGE 460
    SATIN ALUMINUM PANEL
    V6 PONY PACKAGE 750
    .P235/55/ZR17 A/S TIRE
    .WHITE TAPE STRIPE
    .FRT FLOOR MATS MUSTANG LOGO
    .V6 REAR DECKLID SPOILER
    .PONY TAPE STRIPE
    .17" PREMIUM PAINTED CAST ALUM
    .PONY CENTER CAP
    CALIFORNIA EMISSIONS SYSTEM
    SAFETY PACKAGE 995
    .ACTIVE ANTI-THEFT SYSTEM
    .WHEEL LOCKING KIT
    .ANTI-LOCK BRAKES
    .TRACTION CONTROL
    HEATED SEATS 250
    LEATHER TRIMMED BUCKET SEATS 695
    AMBIENT LIGHTING 295
    __________
    TOTAL VEHICLE & OPTIONS 24,920
    DESTINATION & DELIVERY 745

    TOTAL MSRP $25,665
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