Dripping in American nostalgia, the Ford Mustang is a must-drive experience for sports car enthusiasts. Ranging from mild to wild and ultra-rare locally, the Ford Mustang is able to command decent pricing but how much are they actually worth?
How do I find out how much my used car is worth?
There are many ways that you can ascertain what the value of your car may be. You can scour the internet, gathering info on similar makes and models as yours, you can search local listings to see what similar models are commanding in the market, you can approach a dealer for a valuation or you can make use of the free valuation tool on AutoTrader to see what types of value your particular vehicle has.
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How to find out how much Ford Mustang is worth
No matter your chosen method you will need to have some information on hand to get as accurate a pricing as possible. You will need to have year, make, model, mileage, service history, and condition. Using any aggregator will give you a rough idea of how much you can expect when selling or buying but you should always take these numbers with a pinch of salt as variances do occur especially when it comes to sports cars like the Mustang.
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What affects the value of your Ford Mustang?
All the above-mentioned factors influence the price that someone is willing to pay for the vehicle. Most buyers will be looking for a good condition and popular model that is not too old and has a good service history. These types of vehicles usually pull the best pricing. If any of these factors is in or at an undesirable point it will affect the price that it will sell for. Another factor to bear in mind is volume, if there is an oversupply of a particular type of vehicle or adversely not enough and a high demand, this will also affect the price that a vehicle can carry.
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Do Ford Mustangs hold their value?
With a rich history, the Mustang has the benefit of decades of brand collateral meaning that the model really does maintain its value as long as it’s well taken care of, this is especially true of special or limited edition Mustangs as these are the sports car of choice for folks that want a piece of American muscle. If we take a look at the current retail price of a new Mustang and the average of the same model two-year-old vehicle, the vehicle has only lost about 12% of it’s value while the limited or special edition models have appreciated by anywhere from 20% to 50%.
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How to increase the value of Ford Mustang
You can do a few small things to ensure that your Ford Mustang will be worth as much as possible when comes time to sell. You can keep the vehicle in as good a condition as possible, stick to the service schedule, perform regular maintenance, and last but not least, keep it clean. It is also important to remember that if you are looking at purchasing a special one, ensure that you get a factory-supported or official model and not something that has been fettled by an unrecognised garage.
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