(smooth jazz combined with a fireplace AKA classy)
Hey guys JP here with some more American Muscle content.
This week we're going to
talk about the Ford Mustang, the original
pony car. Sporty two-door coupes long
hoods and short rear decks. That's always
been the calling card for the Mustang
since it was first introduced in 1964
and that continues today. Mustangs just
like bourbon, come in many forms
depending on what you're looking for.
This week we talk about everything
from the budget-friendly V6 all the way
up to the insane gt350R, so stay tuned.
for this depreciation and buying guide we
researched back to the SN95's all the way up
to the present day Mustangs. Our
information is based on a manual
transmission and the base model Mustangs
for each car listed. There are no premium
or deluxe editions whenever possible.
That means no leather, no automatic
climate control, no fancy wheels, no
additional options that may add to the cost
we just want base model cars. All data
was collected from either Kelly Blue
Book or the NADA buying guides and all
cars are assumed to be in good or very
good condition. We looked at everything
from the V6, the GT, up to the SVT Cobras
the Shelby's and everything in between.
Now that you know where the data has
come from, let's take a look and see what
we can learn
we'll start with the entry-level Mustang,
the V6. Looking at the chart we see the
depreciation curve and one of the
largest drops in value from 2015 back to
2014. The S550 model was introduced in
2015 with a wider body and a 3.7 liter
V6 that continued to hit 300 horsepower
the other drop is from 2005 to 2004. The
2005 5th generation introduced the
retro styling trend that continues into
today. These cars represent the first
significant upgrade to the Mustang
chassis in over 10 years and the used
car values show it. Anything before 2005
is going to be significantly cheaper, but
it is also going to come with a build
quality to match. This follows the same
trend for the v8 mustang GT.
Looking at the GT data we see the introduction of
the 2015 6th generation model has demanded
a $5,000 increase on MSRP
for new models. It's here that we see the
largest drop in price from
2015 to 2014 signaling a
great buying opportunity. Another
significant drop is from 2013
to 2012. The GT and the V6
models revised their styling and
incorporated the grill and the air
intakes from the gt500 of 2010. There is
a third price drop from 2005 to 2004 of
roughly $3500.
As we mentioned in the V6 chart, 2005 was
the introduction of the 5th generation
Mustang, and marked a sizeable jump in
quality. Both of these factors contribute
to this drop.
The introduction of the EcoBoost in 2015
marked the first turbocharged inline
four-cylinder engine since the Fox Body
SVO. This 2.3 liter turbo packs quite a
punch with 310 horsepower while also
earning an estimated 31 miles per gallon
on the highway. You can tell by our
charts if you buy used vs new, you're
going to save somewhere around $5,000.
310 horsepower out of a
4 cylinder Mustang, think about that
for a second. Think back 20 years ago the
V8's had less power than that! The mustang
GT had 215 horsepower and the Cobra had
305 horsepower. I still have a hard time
believing stats like that, but some
people say this bourbon is too strong
and I don't believe them either!
Now that we've examined the most popular models,
let's dive a little deeper to check out
some limited edition and specialty
vehicles. We'll start with the Shelby GT500.
There's a steady drop of
$3,000 per year until the
2010 to 2009 drop. Here we see a drop of
$6,000 which is attributed to
a refresh in 2010. There's a bump in
horsepower up to 540, up from 500. This
appears to be the best bang for your
buck. The SVT terminator Cobra is
probably the most interesting data point
to examine. Here we see the svt cobra is
an older car, yet holds a higher value
than those cars 5 or 6 years newer.
A quick search online shows that
03-04 Cobras are in the mid to high
20's, which is only a few thousand
dollars off of their MSRP. There were
several interesting facts on the
terminator Cobra, but the one that sticks
out the most is the horsepower. Rated at
390 from the factory, later testing
showed the number to be closer to 425
horsepower. That's only a few bolt ons
away from a 500 horsepower car and this
is back in 2003 which was pretty unheard of.
The latest beast in the Mustang
lineup is the GT350 and GT350R.
The 5.2 liter flat plane crank engine
produces 526 horsepower and has a red
line of 8,250. 8,250 rpm redline in a
Mustang, think of that! This is the most
powerful naturally aspirated car Ford
has ever built, but it's only been on the
market for two years. Since it's only on
the market for two years there's not a
lot of solid data on what they're
selling for. The MSRP of the 350 is
$56,000, the MSRP of the 350R is $63,000,
but finding one at that price is very
difficult due to the demand. I'm
interested to see how they hold their
value over the next 5-7 years
considering how high in demand
they are right now. If only there a way that I
could pass the time in those five to
seven years......
After reviewing the numbers, if you're
looking for the best deal on a used
Mustang it's going to be the model year
prior to the release of a new generation
or a refresh cycle. We saw examples of
this on both the V6 and the GT, as well
as some older models of the GT500.
As mentioned earlier the quality took a
leap forward in 2005 so keep that in
mind in your search. Hopefully some of
this information can be of use to you in
your search for the new Mustang in your
life. So that's our recap of the Ford
Mustang depreciation and buying guide. If
you like what you saw, give us a thumbs
up and leave a comment below. Also don't
forget to hit the subscribe button to
keep the fresh content flowing, until
next time, thanks guys!
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