Trade in value??? - 2003-04 Mach 1 Registry Owners Club

Verk · 07-30-2005, 07:40 PM

Went looking at cars today just to have something to do. Just for grins, I asked what they would give me on a trade. My Azure blue Mach 1 with IUP and only 14,000 miles and in excellent condition would only get me $16,500. WOW, what a slap in the face.

I was not, and am not, in the market to get rid of it and have kind of been looking for a third vehicle that I would buy outright. I know the market is soft right now with all the dealing on new cars but I find that pretty **** low. Please tell me our cars are worth more than that.

ANTHONY979 · 07-30-2005, 07:52 PM

yeah that's definately low. i know the trade in for an 04 with about 15,000 miles on it is right under $22,000 and then they retail right around $25,000. At least that's what it is in my state. But if you're in texas it should be somewhere in that price range too. Some dealers just try to get over.

Tony Alonso · 07-30-2005, 08:37 PM

Actually, for wholesale on an '03, that sounds very similar to what I was quoted by a Dearborn area dealer. Private party sales are another story, of course. Remember all those lovely rebates?? I believe this accounts for part of that. If not, got to love that Ford depreciation.

04VAMach1 · 07-30-2005, 08:52 PM

Actually, that sounds about right. The dealer is going to make money on the deal, so after checking the car out, detailing it, and paying commission, the profit on your car will be very slim if they sell it for $20k.

Keep in mind that with the deals that the factory are doing now, there is no wiggle room. It used to be that they could give you some more for your trade while keeping the price of the car you want to purchase up so that you could finance more.

redwolfstang · 07-30-2005, 10:07 PM

I am expecting to get about $18k for trade in which has about 24k miles. They haven't appraised the car but it seems like that is the going rate for my car.

Brand new about a year ago, you could buy our cars for around $21k. You have to love all those rebates because they will eventually backfire on you.

Unless you keep the car for more than 5-7 years.

beerformeplz · 07-31-2005, 12:57 AM

Quote:

Originally Posted by redwolfstang

I am expecting to get about $18k for trade in which has about 24k miles. They haven't appraised the car but it seems like that is the going rate for my car.

Brand new about a year ago, you could buy our cars for around $21k. You have to love all those rebates because they will eventually backfire on you.

Unless you keep the car for more than 5-7 years.

Wish I found one for 21,000

jking · 07-31-2005, 01:59 AM

That's about right.

I traded my 03' with 14k miles on it last month. I was shopping for a Jeep Rubicon, and at least 5 different dealers offered me in the 16k-16.5k range. For shits and grins I went to a Ford dealer acting interested in a new 05' GT, and they offered me 16k.

Hell I had it for sell on this forum, and a guy contacted me wanting to buy mine for 20k, but I got back to him late. He bought an 03' with like 20k miles for 17.5k.

I wound up buying an 04' Rubicon that was stickered 22k. I gave them my Mach and 2600.00.

ninety2pony · 08-01-2005, 04:30 AM

thats about right for what a dealer is gonna tell you but not what they will give you... its part of the trade process to offer as low as possible to increase profit. i know at my dealership they would often offer 2 sometimes 3 thousand less than actual market value, and theyre always gonna feed you the bs of what theyre buyer will pay and what they have to do to it.. but the fact is those expenses are not high and second theyre gonna mark that up on the back side as well.. so if you got 16 they would sell to a 3rd party for about 18 or 19 and they would sell it for around 21-23. and if they kept it without unloading it to a third party they would sell it themselves for 21-23k

Jason04Mach · 08-01-2005, 06:10 AM

I did a search on Carmax and all of their Mach 1s are $24k. But most dealers will only give me $19k.

Five Oh B · 08-01-2005, 12:05 PM

I work at a large Ford/SVT dealer in the NW. We recently took an 04 Mach 1 in on trade that we sold new and serviced regularly in our shop. 47K miles and we still paid $18K for it. Sold it in just a couple of days for a little over $20K.

Tony Alonso · 08-01-2005, 01:42 PM

Five Oh B,

Good to hear from you again...what led you guys to pay 18K? Was the model year a factor? Also, how was the paint looking on that car on the hood and ront bumper cover?

Dragman · 08-01-2005, 07:14 PM

Was quoted $15-16K for my 03 Mach1 with 14,0000 miles on it and about 4,500K in mods. Sold it privately for $21,000...I felt good and Steve got a real good car for a decent price back in February.

jking · 08-01-2005, 11:37 PM

Quote:

Originally Posted by ninety2pony

thats about right for what a dealer is gonna tell you but not what they will give you... its part of the trade process to offer as low as possible to increase profit. i know at my dealership they would often offer 2 sometimes 3 thousand less than actual market value, and theyre always gonna feed you the bs of what theyre buyer will pay and what they have to do to it.. but the fact is those expenses are not high and second theyre gonna mark that up on the back side as well.. so if you got 16 they would sell to a 3rd party for about 18 or 19 and they would sell it for around 21-23. and if they kept it without unloading it to a third party they would sell it themselves for 21-23k

lol..

So exactly how does that work?

They tell you that they will give you 16k, and then when the paperwork prints out, it just happens to have 19k on it without them telling you about?

I understand that they have to make a profit. They had the car for sell for 19.9k on their website next week. They would have probably let it go in the 18k range no quesitons asked.

UmachMe · 08-02-2005, 11:59 AM

Quote:

Originally Posted by ANTHONY979

yeah that's definately low. i know the trade in for an 04 with about 15,000 miles on it is right under $22,000 and then they retail right around $25,000. At least that's what it is in my state. But if you're in texas it should be somewhere in that price range too. Some dealers just try to get over.

Wow! Thats high! They sold NEW '04's for 22k at the end of the model year here in Florida.

mach1girl · 08-02-2005, 12:04 PM

In Colorado they do sell for about $25-$27 for 04 Mach 1's. It all depends on the state! We just got a great deal on our Mach 1, $22,400 with only 6,500 miles on it.

who hoo... But in this area, everyones been shocked on how little we paid for it.

jking · 08-02-2005, 12:58 PM

Quote:

Originally Posted by mach1girl

In Colorado they do sell for about $25-$27 for 04 Mach 1's. It all depends on the state! We just got a great deal on our Mach 1, $22,400 with only 6,500 miles on it.

who hoo... But in this area, everyones been shocked on how little we paid for it.

Wow.

You can get a clean 03'-04' Cobra in most areas for 25k.

mach1girl · 08-02-2005, 01:09 PM

We couldnt find an 03 Cobra clean. The only one we found was not in great condition, had a lot of miles, needed new exhuast and was $26,000. Gotta rememeber, cost of living in Colorado is a lot higher. The only real good shape cobra we found was over $32,0000.

jking · 08-02-2005, 02:05 PM

Quote:

Originally Posted by mach1girl

We couldnt find an 03 Cobra clean. The only one we found was not in great condition, had a lot of miles, needed new exhuast and was $26,000. Gotta rememeber, cost of living in Colorado is a lot higher. The only real good shape cobra we found was over $32,0000.

You should have tried EBay.

Hell, 6 months ago there were still brand new 04' Cobra convertibles that were going for 29k.

IMachU · 08-02-2005, 04:02 PM

In So Cal, the trade-in value for a 2003 Mach, manual, with 19,000 miles is $17,900 per KBB.com. The private party value for the same car is $20,638. This is in "Excellent Condition." Keep in mind that dealers never use "Excellent Condition" and use "Good Condition." This ups the gross per unit, and also allows for any prep for the car before resale.

machfelon · 08-02-2005, 04:22 PM

Mine in NJ was $19700 trade in
$25530 retail
8000 miles

machn_u · 08-02-2005, 04:42 PM

This sucks for you guys. I just traded my car into a dealership in IL and they gave me $20,600 for it and it had 26,000 miles on it.

07-30-2005, 07:40 PM	#1
Verk Registered User Join Date: Oct 2002 Location: Aledo, Texas (just West of Fort Worth) Posts: 746	Trade in value??? Went looking at cars today just to have something to do. Just for grins, I asked what they would give me on a trade. My Azure blue Mach 1 with IUP and only 14,000 miles and in excellent condition would only get me $16,500. WOW, what a slap in the face. I was not, and am not, in the market to get rid of it and have kind of been looking for a third vehicle that I would buy outright. I know the market is soft right now with all the dealing on new cars but I find that pretty **** low. Please tell me our cars are worth more than that. __________________ Verk 1980 Mustang LX 1997 Mustang GT 1997 Mustang Cobra 1999 C5 Corvette 2003 Mustang Mach 1 Azure Blue (L5), 5-speed, IUP VIN # 1FAFP42R83F34490 Ordered - 9 Aug. 2002 Built 14 November 2002 Delivered - 6 Dec. 2002

07-30-2005, 07:52 PM	#2
ANTHONY979 Registered User Join Date: Jan 2005 Location: Louisiana Posts: 566	Re: Trade in value??? yeah that's definately low. i know the trade in for an 04 with about 15,000 miles on it is right under $22,000 and then they retail right around $25,000. At least that's what it is in my state. But if you're in texas it should be somewhere in that price range too. Some dealers just try to get over. __________________ C&L 85mm MAF Cold-Air and Trueflow Inlet Pipe Kit Borla Stinger Cat-Back Exhaust System Mac Stainless Steel O/R Prochamber Diablosport Predator High Performance Tune v.7r50d M1R 1" Shaker Extension

07-30-2005, 08:37 PM	#3
Tony Alonso Mustang Enthusiast Join Date: Oct 2002 Location: Cincinnati, OH Posts: 5,509	Re: Trade in value??? Actually, for wholesale on an '03, that sounds very similar to what I was quoted by a Dearborn area dealer. Private party sales are another story, of course. Remember all those lovely rebates?? I believe this accounts for part of that. If not, got to love that Ford depreciation. __________________ Tony Alonso '03 Ford Mustang Mach 1 Coupe Black (code UA) w/o IUP, 5-speed VIN 388409, Built ??/??/???? Delivered 7/12/2019 w/122,696 miles

07-30-2005, 08:52 PM	#4
04VAMach1 Registered User Join Date: May 2004 Location: Midlothian, VA Posts: 2,617	Re: Trade in value??? Actually, that sounds about right. The dealer is going to make money on the deal, so after checking the car out, detailing it, and paying commission, the profit on your car will be very slim if they sell it for $20k. Keep in mind that with the deals that the factory are doing now, there is no wiggle room. It used to be that they could give you some more for your trade while keeping the price of the car you want to purchase up so that you could finance more.

07-30-2005, 10:07 PM	#5
redwolfstang Registered User Join Date: Nov 2003 Location: Sarasota, FL Posts: 379	Re: Trade in value??? I am expecting to get about $18k for trade in which has about 24k miles. They haven't appraised the car but it seems like that is the going rate for my car. Brand new about a year ago, you could buy our cars for around $21k. You have to love all those rebates because they will eventually backfire on you. Unless you keep the car for more than 5-7 years. __________________ 2004 Competition Orange Mach 1 mods: Single Chamber Flows, Chrome Bullitts 18x10/17x9, JLT RAI, and Pro 5.0 Shifter

07-31-2005, 01:59 AM	#7
jking Registered User Join Date: Dec 2004 Location: Corpus Christi, TX Posts: 172	Re: Trade in value??? That's about right. I traded my 03' with 14k miles on it last month. I was shopping for a Jeep Rubicon, and at least 5 different dealers offered me in the 16k-16.5k range. For shits and grins I went to a Ford dealer acting interested in a new 05' GT, and they offered me 16k. Hell I had it for sell on this forum, and a guy contacted me wanting to buy mine for 20k, but I got back to him late. He bought an 03' with like 20k miles for 17.5k. I wound up buying an 04' Rubicon that was stickered 22k. I gave them my Mach and 2600.00. __________________ 2006 C6, A6, silver, stock Sold 02' Zo6 Nittos, bad clutch, 12.03@116.8, 1.79 60' Sold03' Mach 1 M5, white, Diablo, xpipe, CAI, Nittos, intake spacer 12.617@107.77 1.785 60'. Sold 02' Z28, A4/2.73, lid & muffler13.06@106.74 1.98 60' Sold 04' C5, M6, Stock 12.89@110.7 2.03 60'

08-01-2005, 04:30 AM	#8
ninety2pony Registered User Join Date: Feb 2005 Posts: 316	Re: Trade in value??? thats about right for what a dealer is gonna tell you but not what they will give you... its part of the trade process to offer as low as possible to increase profit. i know at my dealership they would often offer 2 sometimes 3 thousand less than actual market value, and theyre always gonna feed you the bs of what theyre buyer will pay and what they have to do to it.. but the fact is those expenses are not high and second theyre gonna mark that up on the back side as well.. so if you got 16 they would sell to a 3rd party for about 18 or 19 and they would sell it for around 21-23. and if they kept it without unloading it to a third party they would sell it themselves for 21-23k

08-01-2005, 06:10 AM	#9
Jason04Mach Registered User Join Date: Oct 2004 Location: Fayetteville, NC Posts: 149	Re: Trade in value??? I did a search on Carmax and all of their Mach 1s are $24k. But most dealers will only give me $19k.

08-01-2005, 12:05 PM	#10
Five Oh B Two-Time Mach 1 Owner Join Date: Aug 2002 Location: Kent, WA Posts: 1,385	Re: Trade in value??? I work at a large Ford/SVT dealer in the NW. We recently took an 04 Mach 1 in on trade that we sold new and serviced regularly in our shop. 47K miles and we still paid $18K for it. Sold it in just a couple of days for a little over $20K. __________________ Current Mustang: 2014 GT Glass Roof Coupe - Ruby Red with 6R80 trans. Prior Mustangs: '03 Mach 1, Azure Blue 5-speed w/ IUP, '11 Brembo GT, '07 GT with Vortech S-Trim, '00 Spring Feature GT coupe, '89 LX 5.0 Sport, '88 LX, & '75 Mach 1. Prior Thunderbirds: 1993 LX Sport 5.0L, 1990 LX, 1988 Turbo Coupe.

08-01-2005, 01:42 PM	#11
Tony Alonso Mustang Enthusiast Join Date: Oct 2002 Location: Cincinnati, OH Posts: 5,509	Re: Trade in value??? Five Oh B, Good to hear from you again...what led you guys to pay 18K? Was the model year a factor? Also, how was the paint looking on that car on the hood and ront bumper cover? __________________ Tony Alonso '03 Ford Mustang Mach 1 Coupe Black (code UA) w/o IUP, 5-speed VIN 388409, Built ??/??/???? Delivered 7/12/2019 w/122,696 miles

08-01-2005, 07:14 PM	#12
Dragman Registered User Join Date: Feb 2003 Location: Suisun City, CA Posts: 298	Re: Trade in value??? Was quoted $15-16K for my 03 Mach1 with 14,0000 miles on it and about 4,500K in mods. Sold it privately for $21,000...I felt good and Steve got a real good car for a decent price back in February. __________________ Superdave 2003 DSG Mach1 5Spd...."Gone but not forgotten"

08-02-2005, 12:04 PM	#15
mach1girl Registered User Join Date: Aug 2005 Location: Fountain,CO Posts: 141	Re: Trade in value??? In Colorado they do sell for about $25-$27 for 04 Mach 1's. It all depends on the state! We just got a great deal on our Mach 1, $22,400 with only 6,500 miles on it. who hoo... But in this area, everyones been shocked on how little we paid for it.

08-02-2005, 01:09 PM	#17
mach1girl Registered User Join Date: Aug 2005 Location: Fountain,CO Posts: 141	Re: Trade in value??? We couldnt find an 03 Cobra clean. The only one we found was not in great condition, had a lot of miles, needed new exhuast and was $26,000. Gotta rememeber, cost of living in Colorado is a lot higher. The only real good shape cobra we found was over $32,0000.

08-02-2005, 04:02 PM	#19
IMachU Super Moderator Join Date: Sep 2003 Location: In My Import Posts: 4,714	Re: Trade in value??? In So Cal, the trade-in value for a 2003 Mach, manual, with 19,000 miles is $17,900 per KBB.com. The private party value for the same car is $20,638. This is in "Excellent Condition." Keep in mind that dealers never use "Excellent Condition" and use "Good Condition." This ups the gross per unit, and also allows for any prep for the car before resale. __________________ Machless.... 2003 DSG 5 speed IUP Born June 25, 2003 K&N Drop-in Filter, Magnapack Catback, MRT black chrome tips, MRT shifter 277.1 HP (321.4) 296.4 (343.8) TQ SAE (with 16% powertrain loss calculated, before mods), Sirius satellite radio, MGW black on black locking Bullitt fuel door, MGW goodies - sold on 7-19-07

08-02-2005, 04:22 PM	#20
machfelon Jersey's Phinest Join Date: May 2005 Location: New Jersey Posts: 2,557	Re: Trade in value??? Mine in NJ was $19700 trade in $25530 retail 8000 miles __________________ 2004 Mach 1 - Oxford White SOLD 2007 GT Premium, 5 Speed BestStang

08-02-2005, 04:42 PM	#21
machn_u Guest Join Date: Oct 2004 Location: des moines IA Posts: 188	Re: Trade in value??? This sucks for you guys. I just traded my car into a dealership in IL and they gave me $20,600 for it and it had 26,000 miles on it.

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