Advice with how much I should negotiate for a Ford Mustang

camelfarmer1 on 30/08/2020 - 19:15
Last edited 05/09/2020 - 17:48

Edit: We ordered it. 69,500 and free first service. I think everyone was happy with that.

Hey guys, another one of these threads, sorry!

I'm going to buy a Ford Mustang. We went into a dealership yesterday and specced up what we want and the price is around $76k. The salesman offered us a price of $73k. The car needs to be made to order and will probably take around 5 months to be delivered. I'm going to call up all the dealerships in Sydney and see what the best price I can get is over the next week. Here are my questions…

  1. Any idea what price I should be paying?

  2. Should I call up dealers outside of Sydney?

I'm new to Australia, and this is the first car I'll be buying here. It's also the first new car I've ever bought. I'm not flexible on the spec, so buying used, demo's, cars off the forecourt is not an option.

Thanks!

Automotive

Comments

  • kouk on 01/09/2020 - 16:58

    Sounds like you are just worried what people will think of you if you pay top dollar. Don't worry they will already know when they see you driving.

    • camelfarmer1 on 01/09/2020 - 17:09
      +1

      Its not what people think of me at all, I just don't want to be had by paying 5k more than a fair price sort of thing you know. If 70k is the going rate then great, but I dont wanna pay more than the average sale price.

      • kouk on 01/09/2020 - 17:16

        In that case just pay what you think the car is worth. If you still don't have any idea check carsales, find the cheapest one and tell them to beat it.

      • spackbace on 01/09/2020 - 17:49

        I don't understand why you feel the need to call around, deal with all that etc.

        You have a set target in mind (10%, so around $70k give or take). Local dealer is offering you a joyride in the car without even having commitment. Just hit them up with the offer and see how you go. You obviously have a relationship there that will pay dividends over the next 5 months, and beyond.

        • camelfarmer1 on 01/09/2020 - 20:31

          I will speak to them when I return the car with a view to make a deal. That's obviously why they're giving me the car, but I still appreciate it and they get first bid with me.

          • Raj09 on 01/09/2020 - 20:53

            @camelfarmer1: Hmmm if they know you want to buy they will have no motivation to give you a fair price. Be ready to walk away in a negotiation. I think you know the price you want to pay.

  • centrelink on 01/09/2020 - 17:59
    +1

    Has there ever been any thread where the OP actually listened to responses?

    Even I set I a thread about hating my in laws and everyone told me to get a divorce. I tried but my wife wouldn’t let me get a divorce (I even downloaded stuff online to get her to sign it with my side being signed already, even though it’s probably not real and probably needs a lawyer).

  • KLoNe on 01/09/2020 - 20:26
    -4

    Mustangs are literally shitty rental cars in the States, my mate's over there call them American Kia's. Why you'd think they're worth anything over $50k is laughable.

    • camelfarmer1 on 01/09/2020 - 20:29

      Its laughable that you thought your opinion was going to add anything. Why did you feel the need to reply to this thread? You really must have very little going on.

  • Lookingforabargain on 01/09/2020 - 20:50
    +1

    Order a Tesla Model 3 instead. Best cars every. You wont regret it. Save you money ongoing service/maintenane cost.

    • camelfarmer1 on 01/09/2020 - 21:52
      +2

      Dude how in the world do you think this is helping.

  • earth worm jim on 01/09/2020 - 21:08
    -4

    The true worth of a ford mustang is about 1$. Anything over that and you are paying too much. Buy a better car. Unless you have a small p***s, in that case it's totally justified.

    • camelfarmer1 on 01/09/2020 - 21:52
      -1

      Oh look it's a trusted car expert and valuation expert Mr Buttface.

      • earth worm jim on 01/09/2020 - 22:00

        A lengthening surgery might be a better investment. Ego ++

    • zeomega on 02/09/2020 - 11:19

      True worth of dirt is 0.

      However people pay thousands for them still.

      YVMV

  • Royalmarker59 on 01/09/2020 - 22:39

    Hi
    Cars are purely personal choice .Dependson how much you are willing to pay .

    My opinion Is that ( many commented same ) to buy 2019 instead to save upto 20k

    You mentioned that you are new to Australia . Not a great Idea to buy Manual . Very difficult to re sale . I would not buy Mustang for the reasons mentioned below

    Check safety rating - 3 star

    https://www.ancap.com.au/safety-ratings/ford?is_current_mode…

    Check review on this website .

    https://autoexpert.com.au/posts/2019-new-car-market-review-w…

    https://autoexpert.com.au/posts/warning-dont-buy-the-2017-fo…

    Finally choice is yours . If you are happy with your choice , is your dream and keen , Just ignore All expert reviews and market opinions .

    Pay as you wish and Enjoy your mustang . Follow your head and heart ,Enjoy the life .

    • Hackney on 02/09/2020 - 08:50

      @Royalmarker59.Well said,exactly what I am doing enjoying the car for what it is! The things put a smile on your face every time(especially with the kids!)That alone is just fantastic,bringing a smile to their faces!

  • El Grande on 01/09/2020 - 23:28
    +2

    Are you really a camel farmer? Are you raising camels for milk or meat? I have so many questions.

  • 50centalotofmoney on 01/09/2020 - 23:51
    +2

    Bought a high spec 2019 new by listening to my heart. Wish I listened to my brain and bought a Camry.

    • camelfarmer1 on 02/09/2020 - 06:17
      +1

      Why do you regret it?

      • Hackney on 02/09/2020 - 08:51
        +1

        Hell I would!Be embarrassing to drive it!

  • irajohn90 on 02/09/2020 - 06:55
    +1

    Look and see what a car broker will do for you

  • JuryWheel on 02/09/2020 - 09:56
    +1

    Jeez, not sure i understand the mustang hate….Sure, i wouldnt buy one if i was spending 70k on a new car (would only spend that sort of money if i earnt 150k+ a year personally…) but they are still a nice looking, powerful, no doubt fun to drive car. If people have negative feelings about them, maybe just move along…

    • camelfarmer1 on 02/09/2020 - 10:47
      +1

      I do earn about 160k a year and the wife works full time as well. We usually spend our spare money on holidays, but this year we can't do that. We don't have kids or any other expensive commitments.

      • JuryWheel on 02/09/2020 - 12:00

        cant fault the logic…! You wont be able to get one once you have kids!

        • camelfarmer1 on 02/09/2020 - 12:31
          +1

          We are not going to have kids.

      • earth worm jim on 02/09/2020 - 13:31
        -3

        Oooo big man flexing.
        He earns 160k and drives a stang. Lookout yo.

        • camelfarmer1 on 02/09/2020 - 14:20
          +3

          Dude I responded to someone specifically stating an annual salary. I dont care what people think about my car, I do care how it makes me and my wife feel.

    • ass3ts on 02/09/2020 - 12:23
      +1

      In general, a 70K car is still too much for someone earning only around 150K a year pre-tax and no real assets owned. I drive cars worth WAY more than that and bought them all outright comfortably and fixed assets paid off, but each to their own.

      • [Deactivated] on 02/09/2020 - 12:25

        Flexxy mcflex-flex.

      • camelfarmer1 on 02/09/2020 - 12:32

        Ah but my wife is earning decent money also. And based on our monthly savings its a little bit of a stretch, but not so much that it concerns me. You don't actually have all the information to make the statement you made as confidently as you did.

        • ass3ts on 02/09/2020 - 12:36

          Yes I don't, that's why it's just a general statement. Good luck anyway. I'm a car enthusiast too, so I do understand the passion.

      • earth worm jim on 02/09/2020 - 13:32
        +3

        Ah the car enthusiast flex.
        It's the best kind.

      • soaringphoenix on 02/09/2020 - 15:06
        +1

        Agreed, even still a bit too much for a (combined) income of anything less than 500k if you are in your late-20s/early 30s - the opportunity cost and long-term compounding rewards of putting 70k down on mortgage is too great to pass up. Especially when you can get so many enjoyable performance/sports vehicles for half the price if you buy used. That said, that's just a personal opinion and view, no criticism of OP who naturally has their own values and situational factors. As an exception, I'd be warmer to it if claiming the depreciation as a business expense.

    • Hackney on 04/09/2020 - 09:42

      @JuryWheel,they hate because they can.You will always get more negativity than positivity,I just let it flow off like a water off a ducks back.Their problem not mine! I am enjoying the car,just stocked with it!

  • Duram on 02/09/2020 - 14:33
    +6

    I DONT CARE ABOUT PRICE BTW CAN YOU GUYS GET ME A GOOOD PRICE.

    Duram on 02/09/2020 - 14:33 (Collapsed - Offtopic. Show)
    • capslock janitor on 02/09/2020 - 21:15

      hi hope youv been well - What is turn around time for Code to arrive

  • Wally on 02/09/2020 - 16:14

    So, has anyone got around to ascertain the the current industry redbook price range for a Stang!?

  • s3th2000 on 02/09/2020 - 16:17

    Not that this helps @camelfarmer1 - but I wish we had a service like carwow that allows you to actually compare car prices.
    Buying a car is so un-transparent. At least when you buy a house, you can look up what other people have paid recently for similar houses - buying a car, who knows what people pay? Even with Carsales - its hard to tell what people actually haggled to, versus the listing price.

    • JuryWheel on 02/09/2020 - 16:42

      Maybe we should start it up? For some reason i thought there was a service where you can say "i want xx, gimme your best price" and the dealers would "bid" on your sale.

    • camelfarmer1 on 02/09/2020 - 17:09

      Yeah carwow in the uk helps with the exact process im doing now.

  • JelIyfish on 02/09/2020 - 16:18
    +2

    I think you should be 100% negotiable with your car choice.

  • Mysterious Laptop on 02/09/2020 - 19:37

    What a strange thread here. No one knows the question to answer 1, and in my experience number 2 doesn't make a difference.

    If your question is regarding the offer you have, maybe you should check out the mustang whirlpool forum, people often give their spec and the price they negotiated.

    But playing around on redbook, you aren't going to get anything sizeable over $73K if you want that specific spec and brand new.

    • Melb69 on 02/09/2020 - 23:13
      -1

      I don't think the true OZbers would consider a new car like a Mustang. Corolla or Camry if new the more likely car. Maybe OP loom at other forums as you say.

  • [Deactivated] on 02/09/2020 - 22:51

    First world problems

  • DeepPocketsShortArms on 03/09/2020 - 18:27
    -1

    I drove a bright red mustang for a week. I felt like a dick and it wasn't great to drive. It felt really cheap and nasty.
    I'd never drop 70k on one.

  • [Deactivated] on 03/09/2020 - 23:45

    Put down $1k deposit to bring the car in. When the car is in, forgo the deposit. Then get your wife to go in and negotiate on the customised floor stock that is now stuck.

    • spackbace on 04/09/2020 - 11:15

      When the car is in, forgo the deposit

      On what grounds? The dealer can chase you for up to 15% of the purchase price if you just decide to pull out

      • [Deactivated] on 04/09/2020 - 11:40
        -1

        Not sure. Depends on contract. Last time went to purchase a car with a friend, and specific clause insert, refundable deposit subject to approval of finance by xxxx bank arranged by buyer. End up getting deposit back coz he got rejected on the loan.

        They didn't care because it is an existing stock on their floor.

  • blutek on 05/09/2020 - 13:42

    Two new GT in local dealer yard - down to $66k & $69k when last past there.

  • [Deactivated] on 06/09/2020 - 10:48
    -1

    Earns 6 figures but buys a Ford? Lol
    OzB turning into Whirlpool, everyone is successful.

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