2008 Mustang GT/CS convertible value - low miles

[FasstChevys]

So -

I'm trying to get some input/information for my buddy's, Mom's, friend.

His Mom's friend has an '08 Mustang GT/CS convertible. It's black, and only has 6,600 miles on it.

What's it worth? Private party value?

It has lower gears, CAI, Hurst shifter -

kbb.com says it's worth ~$25,800 (private party value) ~$23,600 (trade in)

Thoughts/opinions? I don't know squat about the Ford market right now, but the numbers kbb says do not seem very far off.

[Red97GTP]

I wouldn't trust KBB unless they're writing a check for the amount that they say it's worth. That's never gonna happen, so use New Cars, Used Cars, Car Reviews and Pricing - Edmunds.com instead. They're much more accurate and update their pricing more than once every 6 months. Personally, I think the car is worth about 22-23k private party value.

[Red97GTP]

WTF happened to my link?? Damn advertisments...

[blackSS01]

I wouldn't go by any of those sites period. The used car market is crazy right now with the pricing because of new car prices. What people are asking is much more then many of the vehicles are worth. I've seen a 1995 Cadillac Eldorado with 57,XXX miles being listed at $13,950........crack is what they are smoking. Thats just one example of many I have found Other then that, I can't help you much.

[Smittro]

I paid ~ 26k for my low mileage 08 Hummer, no way in hell an 08 mustang GT is worth the same.

Hummers hold their value well, Mustangs do not.

[Smittro]

I wouldn't go by any of those sites period. The used car market is crazy right now with the pricing because of new car prices. What people are asking is much more then many of the vehicles are worth. I've seen a 1995 Cadillac Eldorado with 57,XXX miles being listed at $13,950........crack is what they are smoking. Thats just one example of many I have found Other then that, I can't help you much.

This..

[1MileCrash]

banks and dealers use NADA when doing price comparisons. i would say that while the value is still high due to the low miles, what you will be able to get for the car is lower than stated due to the fact that the new body style is out and because the new GT has the new 5.0L engine which the '08 does not.

[Zinergy]

I would have to guess 23kish, I would start at 25k. It has super low miles and is a California special or atleast that is what I get when I see CS. Even though it is only an appereance package it adds value to the car because it is a factory option.

[Zinergy]

I paid ~ 26k for my low mileage 08 Hummer, no way in hell an 08 mustang GT is worth the same.

Hummers hold their value well, Mustangs do not.

Correction, H1s hold there value well. You can get a H3 with 70-90k miles on it for 12-14k around here. Not that it is horrible depreciation, I would say it is average.

[Smittro]

Correction, H1s hold there value well. You can get a H3 with 70-90k miles on it for 12-14k around here.

You won't touch a low mileage 08 for that price I guarantee it.

mine had ~30k or so when I purchased it.

The H3 holds it's value better than many of the lesser SUVs'.

I will agree though if it's not @ least a VVT you can buy them cheap.

Mustangs don't hold their value for shit.

[Smittro]

Used Cars for Sale: Listings Near 15068 - Cars.com

Very first one.

Still going for what I paid for mine 1 year ago..

Correction,, actually it's a little more than I paid..

[Zinergy]

You won't touch a low mileage 08 for that price I guarantee it.

mine had ~30k or so when I purchased it.

The H3 holds it's value better than many of the lesser SUVs'.

I will agree though if it's not @ least a VVT you can buy them cheap.

Mustangs don't hold their value for shit.

I agree you won't touch a low mileage 08 for 14k. Some mustangs hold there value... most don't.

This is a vert speciail editio ncar with only 6,600miles, its value will still be upwards of 20k because some rich guys wife wants to feel wind in her hair.

[Smittro]

2008 Hummer H3 Detailed Pricing and Specifications - MSN Autos

[Smittro]

I agree you won't touch a low mileage 08 for 14k. Some mustangs hold there value... most don't.

This is a vert speciail editio ncar with only 6,600miles, its value will still be upwards of 20k because some rich guys wife wants to feel wind in her hair.

I see what you're saying I guess I missed the Special Edition part.

[Zinergy]

I see what you're saying I guess I missed the Special Edition part.

Yea its not really anything special but it still adds value.

Do the H3s have a 3rd row seat option?

[Smittro]

Yea its not really anything special but it still adds value.

Do the H3s have a 3rd row seat option?

No, she seats 5, but the cargo area is padded and the rear door opens like a door rather than a hatch.

[Zinergy]

No, she seats 5, but the cargo area is padded and the rear door opens like a door rather than a hatch.

I just ask because I was thinking about trading in the Dakota for something with a 3rd row that can tow 5k or more.

[Smittro]

I just ask because I was thinking about trading in the Dakota for something with a 3rd row that can tow 5k or more.

Front and rear lockers (depending on option package), 4:1 low range, VVT, active stability, ect, ect.

The I5 is rated @ 5k tow, a bit more with the LS 5.3. Alpha package.

[Smittro]

It's full time 4x4, and you can run a car plate on it instead of a truck plate.

[Zinergy]

Yea but I need a 3rd row, otherwise I will just keep driving my car payment free dakota quad cab.