Why such low resale values on 1999-2001 mustangs?

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BD2003

Lifer
Oct 9, 1999
16,815
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So I'm in the market for a used car, and I'm looking around for something that I can pick up for ~6k with about 60,000 on it. Something sporty.

I've been looking mostly at tiburons and eclipses, and my friend tells me to check out mustangs. I figure way out of my price range, but theyre selling for about the same price, with similar miles. Only the mustang is way more powerful and obviously cooler....I certainly havent heard of any horror stories with them, but I'm last in the loop when it comes to judging how much a car should sell for. Either way, it seems a bit out of place, but I'm sure theres a good explanation.

Whats the deal?
 
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BigJ

Lifer
Nov 18, 2001
21,330
1
81
I'd think traditionally with those cars being powerful and all, 60k miles means someone really beat the sh!t out of their car. People who buy Mustangs don't normally drive their cars like they would others.
 
UDT89

UDT89

Diamond Member
Jul 31, 2001
4,529
0
76
because i need more 18 year olds to burn in my GTO.

sup buddy.


if you do buy one dont get 94-97.

if you want to spend 6k, as much as i am an american guy, get a maxima or a galant.
 
Colt45

Colt45

Lifer
Apr 18, 2001
19,720
1
0
well, its a five year old Ford,

they weren't too expensive in the first place, but ford's don't generally hold value

#3, its a mustang, so it's been bagged to shit.
 
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puffpio

Golden Member
Dec 21, 1999
1,664
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Are those prices for the V6 or V8? Import 4 cylinder cars can wipe the floor of those V6's...they are not powerful at all..
 
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Mr N8

Diamond Member
Dec 3, 2001
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You are most likely finding 6-cyl Autos. They are far less desireable than the GT w/5-speed, so their value is low.
 
UDT89

UDT89

Diamond Member
Jul 31, 2001
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Originally posted by: pio!pio!
Are those prices for the V6 or V8? Import 4 cylinder cars can wipe the floor of those V6's...they are not powerful at all..
Click to expand...

after $3k in mods?
 
B

BD2003

Lifer
Oct 9, 1999
16,815
1
81
Originally posted by: UDT89
because i need more 18 year olds to burn in my GTO.

sup buddy.


if you do buy one dont get 94-97.

if you want to spend 6k, as much as i am an american guy, get a maxima or a galant.
Click to expand...

LOL, very cute pinhead. :p

I'm moving out to LI soon (long story), you still out there?
 
MasterAndCommander

MasterAndCommander

Diamond Member
Feb 1, 2004
3,656
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There are lots of them out there...not as 'trendy' as the imports. Generally, they have been the more reliable of the Ford cars. Other pluses are that there are ton's of aftermarket parts for them. A friend of mine bought a low milage '94 GT for about 6k a few years back and he was able to turn it into a 12 second car without having to resort to nitro or any kind of forced induction. Domestics traditionally have lower re-sale value.

V8 growl with RWD for 6k...hard to beat.
 
DougK62

DougK62

Diamond Member
Mar 28, 2001
8,035
6
81
Originally posted by: UDT89
Originally posted by: pio!pio!
Are those prices for the V6 or V8? Import 4 cylinder cars can wipe the floor of those V6's...they are not powerful at all..
Click to expand...

after $3k in mods?
Click to expand...

Stock. The V6 Mustang of that vintage is a complete turd.

 
dullard

dullard

Elite Member
May 21, 2001
25,890
4,473
126
Mustangs in the 1998-2000 years are actually more reliable than the typical vehicle - that isn't a major factor. I think though, that you just found a good deal. Around here those same specs would be a $10,000 car. NADAguides.com said $10,000 as well.
 
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BD2003

Lifer
Oct 9, 1999
16,815
1
81
Originally posted by: dullard
Mustangs in the 1998-2000 years are actually more reliable than the typical vehicle - that isn't a major factor. I think though, that you just found a good deal. Around here those same specs would be a $10,000 car.
Click to expand...

Not really...blue book value doesnt really top 7k for the 2000s at all, and I've seen plenty around that price range.

I dont expect nor car if the car lasts longer than 4 years. I'd just like something nicer than your average econobox, something that wont break down as soon as I drive it away, and 6-7k is my absolute max to spend.
 
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