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Author
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Topic: 1988 Mustang Value
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GTRocks
Gearhead Posts: 3652
From: Lusby, MD
Registered: Jun 99
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posted 10-05-2004 10:40 PM
   
I have come across an '88 GT Hatchback that I'll be selling on behalf of someone else (long non-pertinent story). Car is in fair condition. Lots of little things cosmetically wrong with it. Sunroof needs new weatherstripping, chips on paint, interior is worn, horn doesn't work, hatch shocks are shot, etc. It has a new clutch and runs strong. It has about 90k on it, but it does have a slight oil smell if you really get on it.What's the consensus on its value? Body is solid by the way. KBB is calling for $1450 for "fair" condition for a private party sale. That just seems really low to me. Knowing that the '88 has the forged engine and the popularity of the 5.0's, this just seems out to lunch to me. Am I too biased? It has ghost flames too!!  Tasteful ones too! Dave ------------------
'66 Coupe C code
'93 GT 'vert (AOD to T5 swapped)
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73torinoqcode
Gearhead Posts: 388
From: Buffalo,NY,USA
Registered: Jun 2003
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posted 10-06-2004 10:32 AM
I just sold a 93 5.0 which needed a bunch of body work for 1500. The engine, tranny and rear end were solid. If the car needs a bunch of work I would think between 1500 and 1700. You figure you can find a real nice car for about 5K which will basically need nothing.
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Moneymaker
Administrator Posts: 26242
From: Lyons, IL, USA
Registered: May 99
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posted 10-06-2004 10:39 AM
95% of 5.0 Mustangs are sold privately.
They generally sell for twice "book" value.
KBB or NADA only reflect reported sales via private auction or dealers.------------------
Alex Denysenko
Co-Administrator and Moderator NHRA/IHRA/SRA member and licensed Superstock driver
MCA member# 53321
NHRA and IHRA SS/LA & SS/MA National Record Holder '00,'01,'02,'03,& '04
First SS/MA in the TENS!
IHRA division 5 Superstock Champion
Fleet of FoMoCo products including 88 ASC McLaren Mustang #28 The Barry of BarrysGrrl Quote #1: "I never met a magazine mechanic I liked."
Quote #2: "Make sure brain is in gear before engaging mouth!"
Quote #3: "If you can't run with the big dogs, stay on the porch!"
www.moneymakerracing.com
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GTRocks
Gearhead Posts: 3652
From: Lusby, MD
Registered: Jun 99
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posted 10-06-2004 12:29 PM
Body on the car is solid. Has plenty of paint chips, etc. but no rust/damage. Lots of cosmetic/lock/electric issues.Should I ask $3000? $3500? $4000? 
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JCQuinn@work
Gearhead Posts: 839
From: Lakewood, CO, USA
Registered: Jun 2001
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posted 10-06-2004 01:18 PM
You can always come down on price. But it's hard to go up when negotiating. Place it about 500 above what you want and see what happens.John
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