Pony Car Money
With a storied history spanning well over 60 years, the Ford Mustang is the quintessential American muscle car, Although we did not get many of the subsequent generations of the pony car from the 70's to the late 2010's here in SA, Ford South Africa did bring us the Mustang in 2015 though and It has subsequently gone on to become a success for the company.
Related: 2015 Ford Mustang on its first visit to Africa
Local buyers shunned the 6-cylinder derivative in favour of the 5.0 V8, the only way a Mustang should be made! A few years down the line, the Mustang is sold in small numbers, and not only does Ford capitalise on the small-volume special edition models that pop up from time to time, but so do those looking to trade in and up..
Saving a Spitfire - Could these be the rarest Ford Mustangs on earth?
How do I find out how much my Ford Mustang is worth?
Using the AutoTrader website, here's an easy way to find out how much your Ford Mustang is worth.
Use the "Value Your Car" tool on AutoTrader to estimate your car's worth based on several parameters. To use this tool, follow these steps:
- Go to AutoTrader
- Click on "Value Your Car" in the top menu.
- Enter your car's make, model, year, mileage, and condition. You'll also be able to select certain specifications.
- Click "Get Valuation".
- Review the estimated value of your car.
Another option is to check similar models on AutoTrader to find out what your Mustang is worth versus similar models on the platform.
- Go to AutoTrader
- Click on "Cars For Sale" in the top menu.
- Type "Ford Mustang" in the search bar and click "Search"or click here to search for Ford Mustang models.
- Browse through the listings to find cars similar to yours in terms of year, mileage, and condition.
- Save the prices of the cars that match your search parameters.
- Use the prices you found as a guide to estimate the value of your car.
What is the difference between trade and retail values?
There's quite a substantial difference between trade- and retail values, with trade being significantly lower than the retail value (as much as 20% lower, in most cases). This is mainly due to the fact that there's a mark-up for dealers built into the retail value – buying cheap and selling dear, as it were. Of course, these values are somewhat arbitrary and can be influenced by the popularity of your specific car in the second-hand trade, as well as a car's reputation among pre-owned dealers. - Martin Pretorius, AutoTrader.
Read his article How to know how much your car is worth here.
Or take the quickest and easiest route to sell your car: Try our Instant Offer tool!
What affects the value of your Ford Mustang?
A variety of factors affect value, so let's take a look at the obvious ones first:
- The model year. The newer the car, the higher the price.
- The car's condition: The better the state of the car, the higher the price. Additionally, a complete service history raises value too.
- Features: Additional features can also affect value, but it is not always a given that a car with more features will cost more than one with fewer features.
- Location: Cars in high-demand areas frequently cost more than those in low-demand areas.
- Demand: Cars with high demand typically fetch a higher price compared to those with low demand.
Do Ford Mustangs models hold their value?
The Ford Mustang maintains it's value, which can be attributed to factors such as:
- Competitive pricing: Initial depreciation is not overly harsh and the Mustang benefits from a storied history and its many derivatives.
- Demand: There is not a massive demand for sportcars, keeping prices stable for non-special edition vehicles.
- Supply: Ford only imports a certain amount of each special derivative locally, which can increase initial demand, but this means that these models hold their value very well.
According to our investigations, the Ford Mustang Bullit Special Edition is the derivative which has most accurately maintained its value. These cars are extremely rare and sought after.
