Going broke! - How much did we lose selling our 2024 Ford Mustang GT Performance

[@Michael-CS]

I hear you! I've got a Dark Horse being built so am selling my 2021 Supercharged GT Premium with 24k km on it. The stealership offered 40k CAD and even then it was a lot of tire kicking and the DH deal on the line before they would come up to that number. I may just pay out the note on the car myself and sell it privately as people are biting at 55k CAD for everyhing done to the car. It has 100k into it (car, taxes, aftermarket parts and labour) so this is a HUGE loss. Modders be warned!

[@woohunter1]

Yeah, if you have that much into it, a dealer trade will screw you over big time, sorta happened to me on another car I had heavily modded.

[@nickkostakis9600]

This is unacceptable mate. I won’t sell it if i was you but of course, if you are happy with the car, thank you very much for the from Sydney Australia 🇦🇺 😮

[@herecomesbrandon]

You are going to love the Dark Horse. I just got 500 miles on mine in one weekend and it is an incredible car. No matter how much people complain about the price, I sold fords for a long time and drove basically all mustangs you can and the Dark Horse is hands down my favorite. I will say the Trofeo RS on the handling pack won't last more than 2k miles, but that's okay XD

[@car-diologist]

@Michael-CS When an owner modifies a vehicle, many including myself are extra worried. You can easily spend $20k on mods. This absolutely decreases the value because for all we know, Joe schmo shadetree mechanic installed it and did a horrible job. It also screams the vehicle has likely been abused and or ragged out. Modding is at owners expense, not the buyers.

[@Michael-CS]

@@car-diologist I hear ya! What you say is very true; especially for younger buyers and sellers. Fortunately I'm in a spot where it's a garage real estate decision and not a financial one. I can laugh lowballers off and entertain those who know the car for what it is.

[@Wheel2LiveOffRoad]

They do sound absolutely nasty from the factory. Awesome video.

[@terrycollard5034]

Don’t feel too bad. I have a 2024 Performance pack, loaded to the gills convertible, $68,460.00 MSRP car. 552 miles, wholesale is $49,500.00

[@apirmoh2202]

Appreciate the transparency!

[@E85_STI]

Mine is a premium vapor blue with PP, 401A, nite pony, active exhaust,magna ride, all weather mats and it’s fully ceramic coated with PPF so I’m sure they would try to give me 42k for mine and sell for more that that. You should private sell it at least for 48k

[@Mano_on_Point]

Damn u got the exact one that I want. Which I plan on getting next year after I finish paying my current one which is a 2020 magnetic grey with 401a, pp,active exhaust and magnride

[@E85_STI]

@@Mano_on_Point the S550 body looks clean and lots of people are doing that one of each generation which is really cool. This is my first Mustang though so I wanted it to be specd out fully. You’ll love the new Mustang when you get it

[@TexasTruckChannel]

Sad to see it go! But luckily you have a killer Raptor and Bronco still in the driveway.

[@AllTerrainNation]

Thanks! We have plans for something down the road

[@Cavemol5823]

Crazy drop . What was Carvana etc willing to offer ?

[@AllTerrainNation]

We sold it for 42,600

[@PoishPrince]

I got the same exact Mustang GT performance pack 401A except for Minds white with the gold package I paid 49000 for my back on December 18th you said 57,000 MSRP what did you pay for it I feel like I got a great deal

[@AllTerrainNation]

When we buy cars or trucks for long term reviews sadly we generally pay MSRP to be one of the 1st to get the vehicle

[@CoffeesBlack]

Clearly you live in East Bumfuk USA paying that low of a price.

[@deal492]

No rebates when bought new. And still in the midst of product shortages. And now they are churning them out as fast as possible now, high interest rates, the auto market is balancing itself out. And used prices are falling quicker than usual, due to lack of buyers willing to take a chance and making high dollar purchases.

[@AllTerrainNation]

Ford is offering discounts now which hurts resell now for earlier buyers

[@Michael-i3f2j]

Every car & truck bought from the dealership are $15-20k over priced..That's why driving off the lot puts you upside down immediately..A friend of mine bought a 2023 corvette HTC @MSRP...$103k...He had a opportunity to pu a corvette Z06 and the trade was $73K with only 1400 miles...Thats a $30k hit ..They're all a racket and a losing one for the public...

[@bullittboost6046]

Used be 5k after the car left the lot. Now it’s 10k and people wonder why new car sales are falling. Catch a repo or trade in for thousands off.

[@youtubecarspottersguide1]

1:22 dig the personal lic plate

[@jjpark1989]

This year is probably one of the worst years to sell a car. But sometimes, you just have to cut your losses immediately because it can always get worse.

[@tCMODDER]

Curious how this year is the worst year to sell a car? Ive been looking at 2019 mustang GT's and the prices look horrible as a buyer.

[@SpaceTech54]

GoodBye old Friend - We all know this is a GREAT Car - but economics be what they are - Money is Real.

[@joshuatatum1318]

6 months and gone??? I keep my cars at least 6 years! I've had my Expedition over 12 and no plans to get rid of it. I guess some of us just love our cars more deeply!

[@AllTerrainNation]

We review cars and trucks. Sadly we can not keep them all

[@mabcim]

Why not try to sell to individual, as you would get more? Just too much hassle? I do trade in to avoid that hassle, but with a trade I get a tax break which helps covers a lot of the gap. Not sure which route I would if just selling. Carvana would be at the top of my list to try. BTW - love that t-shirt

[@AllTerrainNation]

@@mabcim we had the car on market place for sometime and you get the normal 600 DMs asking to see parts of the car with out anyone ever coming to check it out. At the end of the day the car was at the finish line with the channel and needed to free up that car payment for something new down the road.

[@natureaction6759]

I hear you

[@Frogsplash27]

I’m not sure if you made a video sooner when you first placed the car on the market for sale but had I heard about it. I would’ve gone to the bank for a car loan and paid you 45k

[@HUMPTY2301]

In Ontario Canada tax is 13% so you would be loosing a lot more

[@scranch18121]

New Fence Needed.

[@AllTerrainNation]

100%

[@markkilpatrick7951]

Why would you buy a car and then just get rid of it in such a short amount of time? I think any new car driving off the lot will lose at least 20% of its value right off the bat. Possibly buy a used car to review the next time?

[@AllTerrainNation]

If we want to be in the first group of journalists we have to buy new. We understand not everyone will understand but it’s how the game is played. At the end of the day we enjoyed the car and gave a good honest account of ownership

[@jackbauer9347]

Is this your full time job??

[@jayray274]

No, This is a part time gig.

[@AllTerrainNation]

Part time at the moment

[@kevinshipp5889]

I'm new to see8ng your channel, what exactly do you do here? Buy cars to sell for a loss? I want this job lol. Not the losing money part, but buying and selling a few months later.never get bored with it. I doubt I could energetic bored with my 24 GT premium.

[@jackbauer9347]

ok makes sense. thanks

[@michaelnice4753]

Sounds like Dave needs to be a paid umpire as second job

[@davea4037]

I realize u are running a business, but for that much of a cut.....id probably keep it for myself!🤣 im sure thats an issue with several of them tho. Mayb consider renting them instead??

[@AllTerrainNation]

I wish we could but sadly you have to be one of the first to get them or no one watches the videos.

[@WaterWalker16]

So why the fuck did you buy it in the first place?

[@AllTerrainNation]

Because we buy one new car a year as a long term review. That’s why..

[@WaterWalker16]

@@AllTerrainNation Gotcha.

[@car-diologist]

You put 3600 miles on it and call it a good car ? Took me 40 yrs to buy a brand new S550 Gt premium with performance pkg. Absolutely grew to get hate the car. It sits in my garage collecting dust till I can afford to trade it in on something else. This is my 1st Ford and my Last. Sucked the car enthusiast life right out of me.

[@AllTerrainNation]

@@car-diologist yes I do call it a good car. What are you looking at for the next car?

[@car-diologist]

@AllTerrainNation No offense, but 3600 miles on a vehicle is far from enough use to consider it a good car. My next ride will definitely not be any so-called American Manufacturer. Ford ended any hope I had left in me. No telling what I will buy next. It will likely be a Toyota/ Lexus or Honda / Acura product. It definitely won't be a Supra, that's not a Toyota.

[@edwarddeas5962]

I once had a really bad experience with ford . It was a 99 mustang gt. Nothing but nonstop trouble and breakdowns. What exactly made you hate the car.

[@car-diologist]

@edwarddeas5962 Before the car had 400 miles on it the Timing chain tensioners had to be replaced, 1 head replaced, Brembo aka Bimbo brakes squeaking badly, not under warranty had to do change the pads myself, Dealership damaged my car while in for warranty work, the transmission is absolute garbage and now I'm living all over again telling others what happened. Life sucks

[@edwarddeas5962]

@@car-diologist Wow! I love the Mustang in theory, but Ford just will not improve the quality of their vehicles.

[@յմM]

sell it to meee

[@AllTerrainNation]

LOL sold it Friday

[@terrycollard5034]

Don’t feel too bad. I have a 2024 Performance pack, loaded to the gills convertible, $68,460.00 MSRP car. 552 miles, wholesale is $49,500.00

[@DWH300]

You don't purchase a new vehicle if you're planning on selling it after the first year or less. That's where the depreciation is the highest.. After year two The depreciation starts slowing. If you were trading it. I'm guessing the trade in amount would be higher. I'm curious why you don't lease your vehicles. I tested the market just to obtain a sales value. I found CarMax was the lowest likely because just over a year ago. They were paying too much for used cars that almost sent them into bankruptcy. That's a beautiful mustang that will likely turn over fast.