Buying used is always best. I've had equity in all my cars thatbI bought used. This is my 1st car, out of my last 4 that I won't have any equity lol and this car is not a "regular" car either. It's a car with limited production
@@FitzCityGarage the car isn't even a true limited production. If you requested to buy it, a dealer out there will put in a custom order for you. It may take a while, but you'll get your car. Limited production cars would be something like the GTD, where they are only making X amount and you have to apply to get it. Dark Horse over the long run will be similar to the mach 1, not limited production but depending on the future and the way things go for the mustang, it could hold its value better than normal GTs. The short term deprecation will always happen as the above comment said.
Dealerships are only allowed a certain amount of allocations. After that, they can't get anymore. I've asked my local dealer about this, along with one of the biggest ones in the country.
@@FitzCityGaragenot wrong but at the same time when you buy it new you are paying extra for security knowing that its well taken care of you because you are the first owner.
You don't see the value until after about 10 to 20 years. You can't say that they have tanked, as they are still brand new. ALL cars drop 5k to 10k in the first 18 months. This is just common, nothing new. I also notice you are kinda young, so I get it if you do not understand or realize how value comes later down the line. If you just KEEP the dark horse, you will thank yourself in about 10 years if the production slows or stops. They WILL have value with low miles on them. Just how it goes.
I've had 5 cars in 5 years. Always experiencing something new. That's the fun part! I'm just surprised the value dropped so low on a low production vehicle in 8 months and less than 6000 miles. $53k is an ok trade in. $55k seems more reasonable IMO.
When I was looking at mustangs I remember the sales rep telling me it was a better deal to option out a GT unless I really needed the TREMEC than getting a Dark Horse. If you factor in the APR for used cars nowadays, you may not be saving as much buying used.
53 k for your offer is good . Mine is a 23 5.0 roush supercharged .lowered sand staggered wheels got it for 75? They offer 38k but I got it for my pleasure not anyone else . Value tanks especially boosted 5.0
Bro.. I bought my 2019 GT 350 brand new off the lot for $66k bucks.. Sticker was $72k.. it was March 2019, Ford had already released the footage and the 2020 GT500 at the auto show, and no one was talking about the gt350, also it wasn't being widely known that the 19 GT350s received the new predator 5.2 block that made its way to the 2020 GT500.. Much stronger block and rods.. which the gt350 had kinda scattered a lot of them from 16-18 years.. Also, the Covid price hikes and interest rate was over a year away my int rate on my GT350 is 1.9%.. Sad that they want $70+k for a tuned GT.. An SS 1LE option pack is the same if not better, and is only $6k bucks.. In 22 I paid off my 2016 Ford, so I sold my truck and bought a new SS 22 1LE which was $48k I had sold the truck for $40 so I paid cash for the rest of the car.. Much better value.. I parked the 350 and only put a thousand or less on a year now, and I'm beating the piss out the 1LE a few times a week.. Picked up an old 2007 Escalade EXT (avalanche looking one) with 95k miles, one owner, for $12k.. Literally awesome daily, that will last me years.. Last year before chevy used Cylinder Deactivation on these so its golden!!
Hopefully they tank big time. So when ready grab mine!!! I always look at trade-in value and of course we start from there. If TI was 53k expext to pay 2-3k more at max. I don't mind dealers making thier money... just not a killing
It's normal depreciation. If you want to save money you buy a used car. if you want a new car and are not planning on keeping it, you lease it. The car business is a business not a charity, profit margins matter. Private party sale for your car is better, but you are going to need to invest time to get the best price on a legitimate buyer. Never buy a new car as an investment, not a very smart decision. Plus, it's a Ford not a Honda or a Toyota and I am a Ford Mustang GT owner, I just don't have unrealistic values in my head.
Yeah, we won't ever buy a mustang new again. We have a 2024 gt performance pack premium and the depreciation is terrible on these cars. The sad thing is that the mustang is put together a lot better than the Mopars we owned and we made money on the Dodge cars. The only way we'll buy another mustang is if it's a Shelby..... USED
The trade-in value is down the auction value is down but the resale is sky high still yes true retail is still sky high even though they're getting the cars cheaper now
Definitely would not recommend trading in your car. You would make more on private sale; however, if I were you it's not even worth trading in if you're just getting a base GT and boosting it. You're losing money on that and boosting a base GT engine with cast internals is asking for danger IMO. Any car (not starting with Honda or Toyota) is gonna lose tons of value within the first year or two. Also, these cars are losing value because even the base model is overpriced to begin with (people are not gonna pay 40k+ for a mustang, look at year over year sales even from the 2023-2024), v8s are not as desirable in the broad american market, and lastly there are other options that people will go for over the Mustang S650. The only people who are gonna want the s650 probably already have a v8 car that they have built or own. Or they are people who can afford corvettes/actual sports cars that they can get more value for with their money. This is all coming from a guy who owns a dark horse too. Game has changed for new muscle car buyers, they're not the affordable segment anymore.
I didn't say I was trading this in for a GT. The GT will be the 2nd car, on top of the NEW vehicle I'll be getting soon, to the channel. My last car was a 900-1000HP GT on stock internals. Ran like a dream and to this day is going strong with it's 2nd owner since I sold it (2 different people).
@@FitzCityGarage If you're already getting the new vehicle, doesn't really make sense to me to even get a GT. You basically are gonna lose a massive amount on your dark horse for a worse car that won't hold it's value as much as a dark horse (even with the depreciation on the dark horse). The depreciation hit as well as the tax you will never get back is not worth downgrading and also boosting another car. And if the new vehicle you're teasing is that big, then it probably is even more expensive than the dark horse in value. Financially doesnt make sense to me, but it is your money so if you think it's the right decision, more power to you.
Both vehicles will be boosted and both vehicles will be substantially cheaper than a base Dark Horse by several thousands. It's a no brainer. You clearly have a bias. I do not.
U don’t lose depreciation, a car depreciates. Trades run off comps, it’s November, winter started, don’t matter what climate ur in. It’s typically the season for truck & SUV. Not to mention the DH is an out the box race car, race cars are used and beat on they’re no meant to be positive value keeping vehicles
Buying used... financing is over 10% up to 13.9 % That will cost an arm and a leg for a used one. At the end saving 5~6k not going to cover the used car financing percentage.
Why would you ever consider down grading when you could have done it in the first place? Yes, you lose some money, but I'm going in on my DH. I'm keeping it. Your argument applies to 99% of all cars out there. Keep your budget, what each Mustang trim has to represent, and your lifestyle before buying any car. Good video, and keep up the great work.
I could throw a whipple on the Dark Horse, but then my work vehicle would have to be a cheap, not so fun one. But, I can get rid of the Dark Horse, get this next vehicle with a whipple already on it, AND still be able to get another Mustang on top of that and whipple it too. I'm interested in other cars as well like BMWs, but we shall see. Either way, it's a no trainer financially and will be good for the channel. Always trying to bring fun stuff for you guys to see! Thanks for watching!
There's pretty good deals out there for the money that weren't available when I 1st got the car 👍 plus having a 2nd mortgage on a car, while also wanting to whipple it, doesn't make sense 🤣
This is a $60k Mustang,dealers are asking $65-75k for this,Nothing special here is just another Ford Mustang GT. Now the prices are going down because they are not selling.
@@jnagime There are multiple things on the DH that you don’t get on the GT. Some GT owners are complaining about having to find aftermarket parts to slap on to match as well. I agree it’s a tad overpriced, but the transmission alone isn’t the “only” difference.
And think about the guys who gave over sticker for the darkhorse 😅
BINGO! And on all the C8s and Mopars 😬
Dude...that is a NORMAL amount of value to lose the second you drive off the lot. It's been like this for DECADES!
Buying used is always best. I've had equity in all my cars thatbI bought used. This is my 1st car, out of my last 4 that I won't have any equity lol and this car is not a "regular" car either. It's a car with limited production
@@FitzCityGarage the car isn't even a true limited production. If you requested to buy it, a dealer out there will put in a custom order for you. It may take a while, but you'll get your car. Limited production cars would be something like the GTD, where they are only making X amount and you have to apply to get it. Dark Horse over the long run will be similar to the mach 1, not limited production but depending on the future and the way things go for the mustang, it could hold its value better than normal GTs. The short term deprecation will always happen as the above comment said.
Dealerships are only allowed a certain amount of allocations. After that, they can't get anymore. I've asked my local dealer about this, along with one of the biggest ones in the country.
@@FitzCityGaragenot wrong but at the same time when you buy it new you are paying extra for security knowing that its well taken care of you because you are the first owner.
It sure is normal big time actually lose about 9 1000 or more after off the lot
prices raises after UAW big raises
Cars are not investments...
100%! Mentioned that in the video 👍 thanks for watching!
I bought my 1967 dodge coronet R/T in 1989 for 350.00. Last year I turned down 35,000. I guess cars can be an investment...
You don't see the value until after about 10 to 20 years. You can't say that they have tanked, as they are still brand new. ALL cars drop 5k to 10k in the first 18 months. This is just common, nothing new. I also notice you are kinda young, so I get it if you do not understand or realize how value comes later down the line. If you just KEEP the dark horse, you will thank yourself in about 10 years if the production slows or stops. They WILL have value with low miles on them. Just how it goes.
I've had 5 cars in 5 years. Always experiencing something new. That's the fun part! I'm just surprised the value dropped so low on a low production vehicle in 8 months and less than 6000 miles. $53k is an ok trade in. $55k seems more reasonable IMO.
100%, just look at all the vintage Mustangs. Here in Australia, the used Dark Horses are selling for more than the new ones!
When I was looking at mustangs I remember the sales rep telling me it was a better deal to option out a GT unless I really needed the TREMEC than getting a Dark Horse.
If you factor in the APR for used cars nowadays, you may not be saving as much buying used.
53 k for your offer is good . Mine is a 23 5.0 roush supercharged .lowered sand staggered wheels got it for 75? They offer 38k but I got it for my pleasure not anyone else . Value tanks especially boosted 5.0
The StangMode 5.0 hat i gat that same one.
I’m considering buying one with 2k miles for 58k. 76k msrp
Bro.. I bought my 2019 GT 350 brand new off the lot for $66k bucks.. Sticker was $72k.. it was March 2019, Ford had already released the footage and the 2020 GT500 at the auto show, and no one was talking about the gt350, also it wasn't being widely known that the 19 GT350s received the new predator 5.2 block that made its way to the 2020 GT500.. Much stronger block and rods.. which the gt350 had kinda scattered a lot of them from 16-18 years.. Also, the Covid price hikes and interest rate was over a year away my int rate on my GT350 is 1.9%.. Sad that they want $70+k for a tuned GT.. An SS 1LE option pack is the same if not better, and is only $6k bucks.. In 22 I paid off my 2016 Ford, so I sold my truck and bought a new SS 22 1LE which was $48k I had sold the truck for $40 so I paid cash for the rest of the car.. Much better value.. I parked the 350 and only put a thousand or less on a year now, and I'm beating the piss out the 1LE a few times a week.. Picked up an old 2007 Escalade EXT (avalanche looking one) with 95k miles, one owner, for $12k.. Literally awesome daily, that will last me years.. Last year before chevy used Cylinder Deactivation on these so its golden!!
Hopefully they tank big time. So when ready grab mine!!! I always look at trade-in value and of course we start from there. If TI was 53k expext to pay 2-3k more at max.
I don't mind dealers making thier money... just not a killing
It's normal depreciation. If you want to save money you buy a used car. if you want a new car and are not planning on keeping it, you lease it. The car business is a business not a charity, profit margins matter. Private party sale for your car is better, but you are going to need to invest time to get the best price on a legitimate buyer. Never buy a new car as an investment, not a very smart decision. Plus, it's a Ford not a Honda or a Toyota and I am a Ford Mustang GT owner, I just don't have unrealistic values in my head.
Yeah, we won't ever buy a mustang new again. We have a 2024 gt performance pack premium and the depreciation is terrible on these cars. The sad thing is that the mustang is put together a lot better than the Mopars we owned and we made money on the Dodge cars. The only way we'll buy another mustang is if it's a Shelby..... USED
The trade-in value is down the auction value is down but the resale is sky high still yes true retail is still sky high even though they're getting the cars cheaper now
I've noticed that too. Car market is cooling, but that part about it is still all screwed up.
Definitely would not recommend trading in your car. You would make more on private sale; however, if I were you it's not even worth trading in if you're just getting a base GT and boosting it. You're losing money on that and boosting a base GT engine with cast internals is asking for danger IMO. Any car (not starting with Honda or Toyota) is gonna lose tons of value within the first year or two. Also, these cars are losing value because even the base model is overpriced to begin with (people are not gonna pay 40k+ for a mustang, look at year over year sales even from the 2023-2024), v8s are not as desirable in the broad american market, and lastly there are other options that people will go for over the Mustang S650. The only people who are gonna want the s650 probably already have a v8 car that they have built or own. Or they are people who can afford corvettes/actual sports cars that they can get more value for with their money. This is all coming from a guy who owns a dark horse too. Game has changed for new muscle car buyers, they're not the affordable segment anymore.
I didn't say I was trading this in for a GT. The GT will be the 2nd car, on top of the NEW vehicle I'll be getting soon, to the channel. My last car was a 900-1000HP GT on stock internals. Ran like a dream and to this day is going strong with it's 2nd owner since I sold it (2 different people).
@@FitzCityGarage If you're already getting the new vehicle, doesn't really make sense to me to even get a GT. You basically are gonna lose a massive amount on your dark horse for a worse car that won't hold it's value as much as a dark horse (even with the depreciation on the dark horse). The depreciation hit as well as the tax you will never get back is not worth downgrading and also boosting another car. And if the new vehicle you're teasing is that big, then it probably is even more expensive than the dark horse in value. Financially doesnt make sense to me, but it is your money so if you think it's the right decision, more power to you.
Both vehicles will be boosted and both vehicles will be substantially cheaper than a base Dark Horse by several thousands. It's a no brainer. You clearly have a bias. I do not.
U don’t lose depreciation, a car depreciates. Trades run off comps, it’s November, winter started, don’t matter what climate ur in. It’s typically the season for truck & SUV.
Not to mention the DH is an out the box race car, race cars are used and beat on they’re no meant to be positive value keeping vehicles
Buying used... financing is over 10% up to 13.9 % That will cost an arm and a leg for a used one. At the end saving 5~6k not going to cover the used car financing percentage.
Thankfully my next vehicle, it'll be new and my credit union 4.99%. Will be 4.75% now with the new rate cut lol
Why would you ever consider down grading when you could have done it in the first place? Yes, you lose some money, but I'm going in on my DH. I'm keeping it. Your argument applies to 99% of all cars out there. Keep your budget, what each Mustang trim has to represent, and your lifestyle before buying any car. Good video, and keep up the great work.
I could throw a whipple on the Dark Horse, but then my work vehicle would have to be a cheap, not so fun one. But, I can get rid of the Dark Horse, get this next vehicle with a whipple already on it, AND still be able to get another Mustang on top of that and whipple it too. I'm interested in other cars as well like BMWs, but we shall see. Either way, it's a no trainer financially and will be good for the channel. Always trying to bring fun stuff for you guys to see! Thanks for watching!
What is wrong with the car that you're selling it so quickly ?
There's pretty good deals out there for the money that weren't available when I 1st got the car 👍 plus having a 2nd mortgage on a car, while also wanting to whipple it, doesn't make sense 🤣
This is a $60k Mustang,dealers are asking $65-75k for this,Nothing special here is just another Ford Mustang GT. Now the prices are going down because they are not selling.
A Dark Horse is a limited production vehicle. NOT a GT lmao But, I do agree that the prices are wayyyyyyy too high for what it is.
@ Besides the Tremec transmission the rest is the same.
You're extremely misinformed or ignorant 🤣
@@jnagime There are multiple things on the DH that you don’t get on the GT. Some GT owners are complaining about having to find aftermarket parts to slap on to match as well. I agree it’s a tad overpriced, but the transmission alone isn’t the “only” difference.
@@jnagimecouldn’t be less true
I'll give you 54K
Private sale is much different than trade in lol
How do one Win with these Car's at the Price of Gas.. 3.3 Gallon For $20.00..
I’ll sell you my 21 Mach 1 lolz
Definitely not worth it
No one buys a muscle car and expects to not lose money smh
I said exactly that in the video 🤦♂️
Buy the right one and be patient. I bought one and drove it 5.3k miles and sold it for $9k more than I paid for it with 83 miles off the lot
I think a perfect fit for you is an electric mustang and then you can get the american people pay for it,
Look at my channel, I'm far from ever getting an electric vehicle 🤣 and that's coming from an Electrical Engineer lol