what is the book value of a 1997 ford mustang with 120,000 miles ?

Question

1997 ford mustang with 120,000 miles

Answer 1

$100......hell I wouldnt even pay that for it.

To bad its not a 80's model 5.0

Answer 2

Kelley Bluebook is useless. "Condition value" as computed by KBB is a mathematical formula that is the same for every car, regardless of what the actual depreciation is. That being said, according to Kelley Bluebook, a Toyota or Honda (the better vehicles when it comes to depreciation), will have the same formula applied to it as a Ford or Chrysler to figure out its condition value.

If you're looking for the value of the car so that you can sell it, go ahead and use either Bluebook or Edmunds. Just be sure to sell it on your own, and not walk into a dealership expecting to get those values for it as a trade-in. Bluebook and Edmunds will be able to give you some bargaining power when trying to sell for a higher price to someone on the street because of their perceived "credibility."

Another worthwhile thing to do if you're going to be selling your Mustang would be to run off a Carfax report. Enter the vin and see what the history is - even if you've been in an accident with it, the history report may come back as clean, which you can also use as a bargaining chip.

Book value of the Mustang is $0. Depreciation of a vehicle in terms of bookkeeping holds a zero value after 5 years. The market value of a typical '97 Mustang with that many miles is anywhere between $1 and $50. Vehicles with over 100,000 rarely get appraised for very much because of the likelihood of mechanical breakdowns, and other problems that arise with the simple age and wear of the vehicle. If your Mustang has something special about it, that would figure into the appraisal. Based on the information provided, the maximum value I would give it is $50, then ship it off to an auction and be sold for scrap parts.

Answer 3

Condition Value


Excellent
$3,480

Good
$3,080

Fair
$2,600

Search Local Listings

Sell Your Coupe

Vehicle Highlights
Mileage: 120,000
Engine: V6 3.8 Liter
Transmission: Automatic
Drivetrain: RWD

Selected Equipment Change Equipment
Standard
Air Conditioning Tilt Wheel Cassette
Power Steering AM/FM Stereo Dual Front Air Bags

Blue Book Private Party Value
Private Party Value is what a buyer can expect to pay when buying a used car from a private party. The Private Party Value assumes the vehicle is sold "As Is" and carries no warranty (other than the continuing factory warranty). The final sale price may vary depending on the vehicle's actual condition and local market conditions. This value may also be used to derive Fair Market Value for insurance and vehicle donation purposes.
Vehicle Condition Ratings Check Vehicle Title History Excellent
$3,480

"Excellent" condition means that the vehicle looks new, is in excellent mechanical condition and needs no reconditioning. This vehicle has never had any paint or body work and is free of rust. The vehicle has a clean title history and will pass a smog and safety inspection. The engine compartment is clean, with no fluid leaks and is free of any wear or visible defects. The vehicle also has complete and verifiable service records. Less than 5% of all used vehicles fall into this category.
Good
$3,080

"Good" condition means that the vehicle is free of any major defects. This vehicle has a clean title history, the paint, body and interior have only minor (if any) blemishes, and there are no major mechanical problems. There should be little or no rust on this vehicle. The tires match and have substantial tread wear left. A "good" vehicle will need some reconditioning to be sold at retail. Most consumer owned vehicles fall into this category.
Fair
$2,600

"Fair" condition means that the vehicle has some mechanical or cosmetic defects and needs servicing but is still in reasonable running condition. This vehicle has a clean title history, the paint, body and/or interior need work performed by a professional. The tires may need to be replaced. There may be some repairable rust damage.
Poor
N/A

"Poor" condition means that the vehicle has severe mechanical and/or cosmetic defects and is in poor running condition. The vehicle may have problems that cannot be readily fixed such as a damaged frame or a rusted-through body. A vehicle with a branded title (salvage, flood, etc.) or unsubstantiated mileage is considered "poor." A vehicle in poor condition may require an independent appraisal to determine its value. Kelley Blue Book does not attempt to report a value on a "poor" vehicle because the value of cars in this category varies greatly.

Answer 4

The absolutely free reverse vin check sites generally provide fake information. To get real information, money will have to be paid. The free searches provide fake information so they can get your email address to send spam.

Stay away from shady reverse vin check sites, most likely you won't get any information after you make the payment. Not to mention you won't get a report and you won't get an answer if you try to call for a refund. Stick with a reputable reverse vin check site like http://www.reversevincheck.net that has been around since 1995.

Answer 5

Chris Reynolds and Roger Williams asked the same question. You should see their answers side by side.

Answer 6

Most auto & Bankers use Kelly bluebook guides heres the link it's easy to do.

Answer 7

Go to Kelly blue book online , www.kbb.com. That will give you your best answer.