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How Much Should I Pay: 2007 Ford Mustang (Updated)

This Is An Update To A Previous Question

Follow Up Comment:   Hi Thanks, it’s a 07 v6 convertable prem the car is new it was delivered to the dealer 6/07 it has leather,antilock,traction,shaker sound system stock wheels 16″ it has 240 miles on it

MuscleCarGuy:   Hi Ruthie. I can’t help with prices for a new 2007 Ford Mustang, but I can give you prices for a used 2007 an a new 2008 that way you can have an idea in how much you should pay for that car.

For a Used 2007 Ford Mustang V6 Convertible with 15,000 miles, prices range from $17,200 (being in above average condition) to $16,200 (being in average condition) and $15,200 (being in below average condition).

Keep in mind that the numbers above are the wholesale prices. A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $17,000 to $19,600.

For a 2008 Ford Mustang V6 Premium 2dr Convertible (4.0L 6cyl 5A),

The Biggest Percentage Off MSRP Price: $27,214.00
MSRP: $30,810.00
ePrice: $27,214.00
Savings: $3,596.00
% OFF MSRP: 11.67 %

2nd Biggest Percentage Off MSRP Price: $27,393.00
MSRP: $31,010.00
ePrice: $27,393.00
Savings: $3,617.00
% OFF MSRP: 11.66 %

The prices above include a $1,500 factory rebate, so the dealer discount for the first car is $2,096.00. If the dealers are selling a 2008 with $2,096.00 discount, the 2007 should have at least $5,000.00 off from the MSRP price. Is the $28,780 MSRP that you mentioned after or before the $2,500 factory discount? That discount you don’t even consider on the negotiation. If the MSRP for that car is $28,780 before the factory rebate, you know you should consider the MSRP as $26,280.00. If that is the case try to offer the dealer $20,000.00 for it. Try to negotiate as much as you can, because they for sure need to sell the entire 2007 inventory. Let us know if you have any other question.

This entry was posted on Tuesday, May 6th, 2008 at 5:00 pm and is filed under 2007, Ford, How Much Should I Pay?. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.



2 Responses to “How Much Should I Pay: 2007 Ford Mustang (Updated)”

  1. Auction Direct USA Says:
    May 6th, 2008 at 5:25 pm

    Here’s an ‘07 to compare - plus it only has ~5800 miles: http://www.auctiondirectusa.com/preowned/dsp_viewcarframe.cfm?vin=1ZVFT84NX75353345

    [Several to choose from too]

  2. Ruthie Fox Says:
    May 7th, 2008 at 8:29 am

    Thanks, Ill let you know if it works out.

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