Is this a good price?

[speedy_stang]

I have been looking at an 89 GT for about a month now to buy. Its a T-5 and mostly stock and in pretty clean condition (just needs a new fuel pump) with only 70K miles on the clock. I would have had it by now but the guy is asking $6000 and wont go down any more. Is it just me or is this a little high? I know that GT's this old are pretty hard to find, but this price is above even the Blue Book price.

[89GT]

Thats too high. Its hard to resist because you really want it but just think theres always another one. Does it have alot of modifications like a blower or heads that he wants this much for it? If stock then no way. Is it convertible, saleen or something special about it?

[Mick]

It's worth as much as somebody is willing to pay for it which is not necessarily the asking price. You don't like the price and it's non-negotiable so don't buy it. Being that it's about $700-1300 above fair retail value, you'd be better off looking elsewhere.

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1983 Mustang GT (http://www.mustanggt.org/photo/83tuttle.htm) 306/T-5(project in progress)
1994 Ranger Splash (http://www.geocities.com/mt83rd/index.html?986572015220) 4.0L/A4LD(daily driver)

[cobra]

for more reference, I hit that book value problem too, but....The one I picked up was an 89GT for $5100, 32,000, yes 32k,....needs a little paint on a door, the
ac needs updating, no cd of course, but the engine is tip top. I jumped at mainly for the 5.0 engine with
32000. a virgin in my mind. cosmetics can come after, mechanics meant the most off the shoot. purrs like a
kitten at idle. Deals are out there you have to look. after looking at ads online, I felt I made out well. I
agree with the point made about knowing if the miles were "rough miles"...The source may tell alot. I
bought mine off a conservative chemical engineer, it never seen a winter- COBRA

[speedy_stang]

Thanks for the comments guys. The car is stock except for some Flowmasters. I dont have to worry about it anymore though because the guy sold it. I guess its back to the classifieds.

[89GT]

Originally posted by speedy_stang:
Thanks for the comments guys. The car is stock except for some Flowmasters. I dont have to worry about it anymore though because the guy sold it. I guess its back to the classifieds.

I saw a 1989GT convertible for sale right now on ebay for $5000K. It has 119000 miles but its a convertible. http://64.21.184.154/ubb/smile.gif. It looks nice too, it looks just like mine. If I would have know I would have waited. Its in Houston, TX though, don't know where you are at.

[smokedu]

My friend bought a 5spd 88' GT with 70K on it for $4,000. He totaled it and soled it to the blue book for $5,000. Don't pay more than five. Tell him the blue book prices it at 5,000 or less. Especially if it needs a new fuel pump and in bad condition.
I just bought an 88' GT for 3,200 with 116,000 on it and good condition. It's an AOD though.