Tran Power

How much can I trade in my mustang?

I had bought a 95 mustang convertible for 2500, replaced the top, water pump, trans, power steering, window motors, audio system(included), four wheels, wipers, I want to sell it with subwoofer in custom fiberglass box, killswitch, cold intake, stage II catback and diablo chip. I'm going to be painting the interior black, it has soft seats, and will have a new print job...I'm wanting to get a jeep wrangler with the profit

First, I'm not sure if you mean you intend to trade it in (like at a dealership) or just to sell it period. I wouldn't trade it just because a dealer is going to look at it just as another 17 year old car and offer you peanuts for it. I'd recommend selling it privately which will give you a lot more control over what price you get and a better return on your investment. Yes it means dealing with people but a Mustang is somewhat of an enthusiast car so you're likely to get a good amount of genuinely interested people.

As far as setting a price, I'll take a look on Kelley Blue Book, since arriving at the fair market value depends on a lot of factors including where you live, mileage on the car, etc. The website is very easy to walk through to develop a price. They'll even give you different prices depending on condition. Since it sounds like you've put a fair amount of work into it, I'd go with one of the higher ones.

Unfortunately I wouldn't recommend the approach of just taking what you paid for it, adding up everything you've spent and then going with that. It's a mistake I see far too many people doing when they sell online and that's why I see these same cars in the listings for weeks on end. The non-modification work you did is just considered upkeep for the most part, and the performance modifications will only truly be of value to someone who was planning to buy that same car and spend their money doing the same things. And since the point of customizing a car is to make it your own, the chances of that are slim.

That being said, $2500 for a '95 Mustang convertible sounds a bit low in my mind, so I imagine you bought it well below market value as a project anyways. So once you have the price for just a regular '95 Mustang convertible, I'd add something to account for the modifications you've made (i.e. market price less a little for depreciation). Then bump the price up a bit for asking, but expect to get a bit less in the end. That way you give buyers some room to negotiate and you won't be disappointed, or worse short-changed of the amount you were counting on.

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