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  1988 Mustang Value

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Author Topic:   1988 Mustang Value
GTRocks
Gearhead

Posts: 3652
From: Lusby, MD
Registered: Jun 99

posted 10-05-2004 10:40 PM     Click Here to See the Profile for GTRocks   Click Here to Email GTRocks     Edit/Delete Message   Reply w/Quote
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

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'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

posted 10-06-2004 10:32 AM     Click Here to See the Profile for 73torinoqcode   Click Here to Email 73torinoqcode     Edit/Delete Message   Reply w/Quote
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

posted 10-06-2004 10:39 AM     Click Here to See the Profile for Moneymaker   Click Here to Email Moneymaker     Edit/Delete Message   Reply w/Quote
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.

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Alex Denysenko
Co-Administrator and Moderator

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NHRA and IHRA SS/LA & SS/MA National Record Holder '00,'01,'02,'03,& '04
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Fleet of FoMoCo products including 88 ASC McLaren Mustang #28

The Barry of BarrysGrrl

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GTRocks
Gearhead

Posts: 3652
From: Lusby, MD
Registered: Jun 99

posted 10-06-2004 12:29 PM     Click Here to See the Profile for GTRocks   Click Here to Email GTRocks     Edit/Delete Message   Reply w/Quote
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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[email protected]
Gearhead

Posts: 839
From: Lakewood, CO, USA
Registered: Jun 2001

posted 10-06-2004 01:18 PM     Click Here to See the Profile for JCQuinn@work   Click Here to Email JCQuinn@work     Edit/Delete Message   Reply w/Quote
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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