unless I am mistaken a new Mustang is coming out for 2009 which means it will be released in like June - July of 2008
Given this news, and the fact that on autotrader.com, cars.com, and ebay there are a PLETHORA ( i try and use that word as much as possible when the opportunity arrives, how often do you get to say PLETHORA, unless of course you are terrorizing small towns in Mexico and your name happens to be El Guapo lol ) where was I, oh right, prices, there are numerous Saleens in the $20-low30k and with a new model there usually is a big hit on the last model.
That being said, I think it would be prudent to wait until the fall and save myself/yourself up to 10K$ on a purchase - the forcast financially for the economy and the country is BAD, much worse than projected. Gas went up last summer and will do so again, the credit crisis and mortgage world will continue to decline as more short arms go belly up and government stands around with its hands in its pockets or our pockets more like it LOL!
Interest rates wont go up much this year, with the election its bound to be a rocky trip anyway, that and the todays news of more housing declines making RECORD falls means money is going to get tight nationally for consumers which will bring about LOW prices
Reworked Mustang hides black eyes and a new nose under heavy bandages.
BY JARED GALL, PHOTOGRAPHY BY BRENDA PRIDDY & CO. August 2007
With the Chevrolet Camaro and Dodge Challenger getting ready to hit the road and showrooms, Ford is working up a face lift for the Mustang to keep it from appearing the old man of the group. Although nothing is visible beneath the thickly padded bra seen in this latest spy shot, expect the 2009 update to include some interpretation of the flattened, sharpened nose sported by the Giugiaro Mustang concept shown at last year’s L.A. auto show. Under the reshaped hood, we look forward to Ford’s newest V-8, its upcoming “Boss” modular engine family. Details on the upcoming engine are scarce, but we believe it will begin by trumping Dodge’s 6.1-liter Hemi with a displacement of 6.2 liters. Although the engine is also destined for trucks, Ford couldn’t name an engine Boss and then keep it from the Mustang. We expect displacement for the Mustang in the 5.0-liter range. And the Mustang couldn’t meet affordability criteria without a V-6 or two. Ford has adopted a strategy whereby Blue Oval models get the 3.5-liter Duratec V-6 and Lincolns are to be differentiated with a 3.7-liter. We expect the Mustang is a candidate for either, as well as the 3.7-liter Twin Force V-6, which has twin turbochargers and direct-injection gasoline-engine technology and is expected to bow in 2010, likely in the second model year of the Lincoln MKS sedan.
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The 2009 Mustang will be the same car with subtle differences here and there - like the differences between the SN-95 1994-1998 and 1999-2004 variations. Same car, just different front/rear clips and C pillars. That picture in C&D sure looks like a 2005-2006 V6 Mustang with a big ugly bra to me....meaning they are hiding the new front clip. When a COMPLETE new body design comes out (say in ~2014) then you can begin to wonder about the value of the 2013 models
As for prices - they aren't going to make them cheaper because the economy is hurting, they'll just have to make less because they are selling less
Even though my driving habits don't follow this sentiment, I say live for today & buy what you want today because tomorrow has no guarantees.
Model rollout plans are still being finalized, but the current scenario is that 2009 will be an abbreviated model year, those cars being identical to the 2008. Then, the 2010s will be introduced in spring 2009, much as Ford did when it introduced the 19641/2 Mustang in April of that year, which then dovetailed into the '65.
It really isn't a MAJOR redesign. Biggest news is under the hood where a twin-turbo V6 is possible...
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I'm no gambler.....ok, maybe I am .....I bet in 2014 or whenever it is, you won't be able to get a Mustang GT for under MSRP (just like what happened from September 2004 until the end of 2005 on the S197) but you'll be able to get all kinds of still new/untitled 2013's out the door (taxes & title included) for $5k or more UNDER sticker
Put a reminder on this post....we'll talk again in ~7 years
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Is anyone seriously trying to look at housing prices, mortgage interest rates, and the presidential election to guess what's going to happen to used Mustang/Saleen prices 1 or 2 years out??? And where does the $10k in savings number come from???
I could see a substantial increase in gas or insurance costs hitting the used car market (though likely just nominally). But if the car market gets seriously hit, Ford and Saleen will likely just produce less Mustangs. Look back at Saleen's production numbers in the early 90s.
Find a car you like and can afford and buy it (and then post pics)!!
no one suggested retail prices are going down, I think abbas you misunderstood the point.
and yes elburrito99 I am using the national market and what is taking place in our economy to make a sound and better judgment on when the timing might be preferable to buy a high dollar car that I will own for at least a few years, how does that not make sense?
when consumers stop spending money as the market has demonstrated, then items like sports cars and luxury automobiles get cheap. If you have not heard that analysts and politicians are using the word "recession" suggesting there will be a significant decline in general economic activity extending over a period of time usually lasting historically 3 quarters of the year or 9 months. You can see that in the really high $$$ cars already; Porsches and MBs etc
A $50-70 car will easily lose 10K in the first 2 years - how have you not noticed this and be on a car forum? Saleens in particular RARELY have high miles - most FS ads have less than 10K miles. It is called depreciation. Saleens may be unique but there are a dozen companies that make comparable Mustangs and the market doesn't exactly hold well for most 2005+ mustangs in terms of keeping value
Add to that a "Newer" model coming out and that furthers the depreciation. We all know even minor changes still seperate one year to the next.
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OK, I guess I was confused by your first post. I though you were saving and waiting for the 09's because you thought they would be hard pressed to sell them and would be priced down because of the economy. Now it appears you are playing the other side (buying from the used market) which makes sense....yes depreciation is a b*tch, which would play in your favor as the buyer, and of course kick the seller in the a$$
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Joined: 9/13/2006 From: Manhattan Beach, CA Status: offline
quote:
ORIGINAL: Z O O R O P A A $50-70 car will easily lose 10K in the first 2 years - how have you not noticed this and be on a car forum? Saleens in particular RARELY have high miles - most FS ads have less than 10K miles. It is called depreciation. Saleens may be unique but there are a dozen companies that make comparable Mustangs and the market doesn't exactly hold well for most 2005+ mustangs in terms of keeping value
Add to that a "Newer" model coming out and that furthers the depreciation. We all know even minor changes still seperate one year to the next.
Hope that helps you :)
Consumers and manufacturers are well aware that new models come out every 4-5 years, and production numbers are often adjusted to reflect that. Saleens, Roushes, and even Porsches regularly see 20-30% depreciation of a car in the first year or two, regardless of mileage or when they were produced in the 4-5 year model life. All part of the normal market cycles one will see in any new or used car market. And we regularly discuss the prices of used Saleens in this forum (the tend to drop very quickly once the car is driven off the dealer's lot and then continue to go down for the next several years). I'm honestly not trying to be a jerk, but I guess I'm still not sure what was the point of the thread.
I was discussing the events of the past 6 months and the projections of the next 9 months or so and how it will influence car prices
I am interested to hear what people think about it and how it can determine when a smart time in the near future to buy $$ cars
for example, we are past mid winter so spring isn't far and car prices will go up, and summer they stay fairly steady, fall they get cheap early winter really cheap ......
my guess, given the economic projections and the recent remarks and lack of plans the Government hass that we are going to see cars getting VERY cheap
there are A LOT of Americans out there who are up to their necks in debt, a lot of big spenders, unemployment is going up too, big investors i think have lost so much capital they have to hold on to their seats, but consumers are no longer spending money, but still hold record debt and investments in the market isnt hot, rates are down but thats for invesment banking, all this to me means that there are going to be a lot of nice cars for cheap $$$ by fall especially in an election year that isn't decided or fun
what's the expression, when there is blood on the streets buy real estate!
by the way you do not sound like a jerk elburrito99
I'm interested to hear what you and others think about the situation and I am thrilled we can discuss it like the good looking well adjusted sophisticated individuals that we are hah!
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Regardless of the economy, I don't think high $$ cars will go cheap like you say. New car prices will continue to climb each and every year like the always have. Auto makers will make less because less people will be spending less if we really do dive into a recession. New cars will always be haggled about close to MSRP, and used cars will always depreciate hard and fast before they stabilize and potetially climb (collectibles of course).
So to answer your question on determining a smart time to buy - forget the economy, it should be a smart time based on YOUR financial situation. Again, live for today and do what you can manage today.
that is good advice in my eyes, living for today, life certianly is unpredictable. But, if we do dive into a recession suddenly or a long slow digression or growth, I think I could get the car I want, a 2007 speedster, for a lot less than if I decided to buy now. The savings would not simply be due to the end of the year etc add to the economy the enw model coming out, i think prices will be more affordable for buyers and a bummer for sellers at the late summer fall of this year
given the gravity of the national economy you can't be dismissive when making a large purchase whether its cars or land or ......
To Sowaxmens point in the sense you buy what you can afford at the time and will be able to afford for the the lifetime of ownership even if the economy changes or your personal situation changes. I bought my Saleen in 06 even though I knew there was going to be a chance that my company was going to be out of business or Sold. It eventually did get sold to Citrix but not until March of 07 and They kept me around until June until the sale was completed and I wrapped up my last few customer deals. So yes I bought for me what was an expensive "toy" and I don't regret that. I just bought an 07 Avalanche LTZ loaded (used) and I find myself in the same boat with this new company (Damn Start up IT Security companies) but I am not sweating it because I bought a vehicle that even if I was out of work for a period and the economy/job went boobs up I can still make the payments and still enjoy the cars. The point is buy what you want and can safely afford and enjoy it now because at the end of the day no one and I mean no one knows what can happen. Then all you have is regret saying I coulda , I shoulda, I woulda...
Good luck with what you decide.
Peace.
< Message edited by 04#231SC -- 1/29/2008 1:20:03 PM >
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purchase considerations & money - 
.....I bet in 2014 or whenever it is, you won't be able to get a Mustang GT for under MSRP (just like what happened from September 2004 until the end of 2005 on the S197) but you'll be able to get all kinds of still new/untitled 2013's out the door (taxes & title included) for $5k or more UNDER sticker 
