Selling my car, need opinons

[Mr 5 0]

RPM427:

As this thread has shown, the resale value of a older Fox bodied Mustang is very hard to pin down.

Condition is very important but so is mileage as well as mods or lack of them. Where you live and how scarce or common Mustang V-8's with a 5-speed are is also a big part of the deal.

The so-called 'Book Values' are just a guide and mean little on a 13-year-old car with high mileage. NADA is the real bible, anyway, not Kelly or Edmunds.

Almost any car over 12 years old, decently running and that can pass a safety inspection is worth $500. - $1500. depending on type of vehicle, i.e. a Mustang convertible is worth more than a 2WD Nissan pickup and a working 4WD pickup is worth more than a Escort and so on.

Beyond the fact that the car runs normally and isn't rotted out or otherwise structually damaged the value placed will have a lot to do with desirability and availability.

Read Hemmings. A '55 Chevy 210 with a six and Powerglide is worth a lot less than a '55 Chevy Bel Air convertible with a 283 power pak and a three speed even if they are otherwise identical in condition. Desirability.

Same with modern-day older cars. A Mustang GT with a good running 5.0 and the coveted T-5 (factory) is very desired in many areas of the country and with the price of late model Mustangs being in the high teens, a $3,000. Mustang V-8 looks pretty good to a lot of folks who have been wanting one for a long time.

Some people prefer the Fox body style and lets face it, although they made hundreds of thousands, they are drying up a little more with each passing year and there are only so many 5.0's with 5-speeds around and no more will be made.

I could get $4,000. any day of the week for my Strawberry Red metallic '90 LX in mechanically excellent and otherwise good condition all around. 5.0, 5-speed with light mods. One owner, 118,000 miles. I've had offers but it's not for sale.

Bottom line is that $2500. for a '89 Mustang GT 5.0/5-speed in decent if not mint condition is not unreasonable and what I would ask. If you can get more, go for it. I wish you well.

Let us know how the sale goes and what you actually get. I'm interested.