How Much Should I Pay: 2008 Ford Mustang
Question From Matt: I am wondering the wholesale price and then your suggested retail price on a 2008 mustang convertible V-6 with leather. The mileage I am looking at ranges from 9,000-12,000. Your help has been greatly appreciated in the past.
Queen of the Road: Hey Matt. How’s it going? Welcome back! Below are 2 prices ranges for 9k and 12k miles.
For a 2008 Ford Mustang V6 Convertible with 9,000 miles, wholesale prices range from $17,700 (being in above average condition) to $16,500 (being in average condition) and $15,300 (being in below average condition). A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $16,900 to $19,500. A private seller will usually aim to sell it for 5%-10%.
For a 2008 Ford Mustang V6 Convertible with 12,000 miles, wholesale prices range from $17,400 (being in above average condition) to $16,200 (being in average condition) and $15,000 (being in below average condition). A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $16,600 to $19,200. A private seller will usually aim to sell it for 5%-10%.
Check the carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
