Sunday, October 25, 2015

The Problem With Mustangs

The problem with Mustangs is that they are so damn hard to find.  Sound ridiculous?  Sure it does.  Just going to work each day I must see at least 5 and that is minimum.  During the summer months that number can be well into the 20s in the Toronto area.  So what am I talking about?

I'm talking about the "special" Mustangs.  I'm talking about the Mustangs that people buy and keep a hold of.  I'm talking about the Mustangs that Ford produces limited amounts of and you can't get your hands on even of you have a pile of cash.  Mustangs like the 2016 GT350 and GT350R.  Here in Canada the GT350 costs $71,000 while the GT350R goes for $91,000.  That is if you can find a dealer that can order you one and you're willing to pay the 10k to 15k price gouge the dealers are handing out.

So I got the bright idea, why don't I go for a different "special Mustang" like a 2014 Mustang GT500?  They have 662 horsepower and there aren't lines of people trying to buy one.  However it turns out they are equally hard to find.  I found only one in Ontario for sale and they guy was asking $65,000.  The car sold new for $61,000.  Not to mention Royal Bank of Canada values the car at $55,000 which means you're not getting a loan for the full amount of the car.  Yes I went and talked to a bank about getting a loan.  What can I say, I'm weak.

I'd also have to sell my currently Mustang privately which could be an issue just to make the remaining money to pay for the car.  Although the loan officer talking to me said he might want to buy it. :P

In general it seems my previous post is correct.  I'm done with cars for this year.  Sigh...

Really seriously though.  I'm looking to buy a 2014 Mustang GT500.  I'm not just talking here so if you know of one in Ontario let me know.

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