Quick Hit – Mustangs for a Friend

1969 Mustang – Photo by Gill Billington. Check out his collection here.

I have a good friend—we’ll call him “Jerry” to respect his privacy—who once owned a 1969 Mustang as a young man. It’s not the one above, but you get the picture. “Jerry” is no longer a young man and is probably retiring after a successful career and about to begin a second one, likely making more money. I made more money in my second career, and “Jerry” is way smarter than me, so I’m confident in my logic. His next career may or may not involve commuting. “Jerry” is pondering his next car purchase and ping-ponging between a rational choice and something more exciting.

“Jerry” is a car guy. As his friend, I think it’s my responsibility to help him weigh the pros and cons of a sound purchase and then do all possible to encourage him to ignore all that and jump into a badass Mustang with both feet. Let’s quickly run through an assortment of Mustang unicorns, although unfortunately, there are no Dark Horse models, his favorite, at this time. We all have to make compromises.

I couldn’t help but start with an older red Mustang because it’s currently the cheapest Mustang V-8 in the CarMax inventory. (We won’t even entertain a four- or six-cylinder Mustang.) This is a 2014 model, the last year before the car came with an independent rear suspension. Car and Driver described it this way: “This fifth-generation Mustang felt like a reborn car, even if its solid axle is to automotive componentry what the polyester leisure suit is to modern menswear. The Mustang fully exploited its mix of new and old tech to win multiple comparison tests, knocking off higher-powered offerings from Dodge and Chevy in the process. Not insignificantly, it also collected three consecutive 10Best trophies (2011–13).” I did not know the Mustang was honored as one of their 10 Best three years in a row!

Automatic transmission, cruise control, MP3 jack, and a CD player. Surprisingly, Bluetooth. No seat heaters or rear-view camera. This isn’t a car for commuting. Drop your first private sector executive bonus check on this and drive it in your spare time. Spend the rest on a responsible second car.

It does have two keys, even if they aren’t very smart. It also has the 420 horsepower 5.0-liter V-8 motor that hits 60 mph in 4.5 seconds – about the same as in newer Mustang GT’s. And despite the criticism of the rear axle, the car spins for .94 lateral G on the skidpad. Ron Session of Car and Driver also said this car “is one of the best 1965 Mustangs I’ve ever driven. Modern shock tuning has done wonders with the ox-cart rear axle.”

This two-owner, accident-free 2014 Ford Mustang GT is currently reserved here in Riverside, California. It’s high mileage, and yet you can get Maxcare for another five years and up to 150,000 miles. This could be your car if you’re looking for low-dollar Mustang fun. And it does have a red steering wheel. There’s that.

Stock No: 27152830 VIN: 1ZVBP8CF1E5257291

When I moaned in a previous post that if I could just get over my fixation with horsepower, there’s probably a more logical car for me than my 600-hp 2021 Mercedes GLE63 AMG, blog reader Nate wrote a comment: “Don’t stop chasing the horsepower! Never acquiesce!” If it’s horsepower you want, in a Mustang or any CarMax unicorn, this 2021 Ford Mustang Shelby GT500 with 760 horsepower should fit the bill. And the bill is quite costly.

The Shelby GT500 continued in 2021 after the Shelby GT350 was discontinued. It sold for $75,000 and up – way up with the track package – and was the most expensive Mustang you could get. Four years later, it’s selling for about the same. So much for depreciated unicorns. My buds at Car and Driver said, “The Shelby GT500 mixes the accessibility of a Mustang with the excessive thrills of a rollercoaster.

Before we get to performance, let’s cover the more civilized features: heated and air-conditioned seats, Apple CarPlay, and remote start. The car even has Wifi, so you can pay your tickets online from the road.

I dig the race car toggle switches, including the one to make the exhaust louder. I don’t dig the skimpy one key for a $90,000 car. Not sure how I feel about the rotary PRNDL. It doesn’t look or feel like a muscle car shifter to me. The push-button manual mode might be nice.

The supercharged 5.2-liter V-8 (did I mention it has 760 horsepower?!) and 7-speed dual-clutch automatic will scream the car to 60 mph in 3.4 seconds, and hit a claimed 180 mph top end. The suspension is good for a .99 lateral G on the skidpad, and much more with the track package. I cannot tell, but I do not believe this car has the $18,000 Carbon Fiber Track Pack. It don’t need it.

I expect “Jerry” to buy this car when he begins his next career with a huge signing bonus, stock options, and a generous car allowance. Negotiate hard, my friend. You deserve this. You can find this 2021 Ford Mustang Shelby GT500 here in Clearwater, Florida, although it’s also on reserve for now. It only has 12,000 miles, but get MaxCare anyway.

Stock No: 27147030 VIN: 1FA6P8SJ0M5500152

If the 2014 Mustang GT is too cheap, and the 2021 GT500 too expensive, then perhaps we should be looking for the Goldilocks “just right” GT. I limited the price and mileage, and checked the boxes for some modern stuff to make the car more enjoyable for commutes and road trips alike. Those selections spit out a very nice 2021 Ford Mustang GT Premium with both the California and Performance packages.

This Mustang has a proper six-speed manual transmission and automatic cruise control. It also has heated and air-conditioned seats, a heated steering wheel, Apple CarPlay, Bang & Olufsen audio (with a CD player!), automatic high beam headlights, and all the safety stuff like lane departure and blind spot warnings. This is a very modern Mustang.

Car and Driver suggested, “Sticking with the standard manual transmission, we’d opt for the GT Performance package, which adds upgraded Brembo front brakes, a limited-slip differential, stickier summer tires, unique chassis tuning, and more.” What’s the California Package, you ask? It’s a $2,000 option that includes the upgrades below. I looked hard at the CarMax photos, and all I could see was the “California Package” badge on the strut brace. You have to zoom in a couple of times, but it’s there. I couldn’t find the “faux gas cap on rear appliqué,” but I’m not sure I want to. Sounds cheesy.

The California Special Package includes:
•19-inch machined-face aluminum wheels with high-gloss Ebony Black-painted pockets
•Side stripe
•California Special badge on strut-tower base
•Pedestal rear spoiler
•Miko® suede seat inserts with GT/CS logo and red contrast stitching
•Unique grille with offset tri-bar Pony logo
•Side scoops
•Unique instrument panel badge with California Special script
•Faux gas cap on rear appliqué

The 2021 Mustang GT Premium with the Performance package makes 460 horsepower and runs to 60 mph in 4.2 seconds. The top end is governed 155 mph.

CarMax has just over 50,000 cars on the lots today; of those, 510 are Mustangs. Only 162 are V-8’s, and 135 are coupes (“Jerry” doesn’t want a noisy soft-top convertible, I know). Cap the price tag at $40,000, mileage at 40,000, and check a few features like Apple CarPlay and auto cruise control. We are down to just eight cars. This 2021 Ford Mustang GT Premium with the California and Performance packages may be “just right” for “Jerry”. It’s not reserved – just “Coming Soon” to Modesto, California. (I wonder what Californians think of the “California Package”?) Track it here if you want to know when it becomes available.

Stock No: 26643217 VIN: 1FA6P8CF6M5117813

Prices Dropping? Unusual Number of Unicorn Alerts

Over the past 24 hours I’ve gotten emails alerting me to price reductions on five of the 43 cars* I have saved in my CarMax profile.  Not a lot – $601 per car, but in the year I’ve been tracking unicorns I’ve never gotten this many.  Curious….New Year’s sale (CarMax doesn’t do sales) or is this related to the massive increase in inventory I blogged about last month ( The $577 Million Car Loan and Other Fascinating CarMax “Analytics” ) .

*I have 110 cars in my profile but many are listed as “No Longer Available”.  I keep them because more than a few resurface in another city, or even a few have been sold back to CarMax and show up back on the market.  That’s how I knew the 2010 Jaguar XKR I declined in January 2017 sold in Maryland, and was traded in and offered again in Virginia in December for $1,000 more than last year!

Here’s the unicorns I’ve been alerted to today:

Mustang GT Price Drop

$17,998 – Stupid Low Mileage 2006 Mustang GT

 Link – If Dead Car Sold/Hold/Transferred

VW EOS Price Drop

$12,599 – Rare 250hp V6 VW EOS

CarMax Link – If Dead Car Sold/Hold/Transfer

PT Price Drop

$10,599 Low Mileage Retro Cruiser 

CarMax Link – If Dead Car Is Sold/Hold/Transferred

Continue reading “Prices Dropping? Unusual Number of Unicorn Alerts”

Five Quick Hits! BMW 650, CTS V, MX-5, Shelby, and a Corvette.

2006 Miata $13599 34k
Not sure if I’m most surprised by the price or the stupid low miles.  Yes it’s an automatic, but cute and cheap.

The CarMax Link – 2006 Miata

2007 CTS V Sedeqn $25,998 27k
This is a rare one!  Ten year old 400hp CTS V Sedan with driven less than $2,700 miles yearly.

The CarMax Link – 2007 CTS V

2008 Mustang Shelby GT500 $27,998 47k
A 500hp beast for under $28,000!  Mileage is still low at 6,000 yearly.

The CarMax Link – 2008 Shelby GT500

2008 Corvette $28,998 9k
9,000 Miles? Why don’t these people drive their cars????!!!!

The CarMax Link – 2008 Corvette

2007 BMW 650 CiC $18,998 39k
Less than $20,000 for a BMW 650.  Horsepower a little low for me but a helluva lot of fun for the price and low miles.

The CarMax Link – 2007 BMW 650 CiC

Wild West Cars – Ponies and Bullitts

Ford Mustangs are growing on me.  Used to think they were overrated, underpowered and clumsy, and I never really got over how far they had fallen by the 1979 Mustang II. I drove one to the prom.  It was a bad night all around. But the 2005 retro Mustang nostalgically took me back to my childhood and 10 years later the sixth generation 2015 Mustang, with a modern independent rear suspension and 435hp really caught my eye with its sleek looks and high performance.  Mustangs at CarMax are plentiful – as I write there are 444 on the lots nationwide, and almost half of those are V8’s (and I only count V8’s as real Mustangs).  All Mustangs with V8’s are GT’s (well, except Bullitts).  The cheapest is $13,599 and 107,000 miles and the most expensive 2017 Shelby GT350 with 1,000 miles will set you back $59,998.  These are not unicorns.

But these Mustangs are.  Let’s take a quick walk around the stable with these two relatively normal Mustang unicorns. At the bottom end we have a 2006 Mustang GT convertible, with only 40,000 miles and a price tag of $15,998.   Cute car, 300hp, and a five second 0-60 run.  I drove one recently and was surprised that with “only” 300hp it roared and scooted well.  I thought it was going to be a dog but found it satisfactory, despite the solid axle I thought was made of wood.  Pretty sure you can score another five years, 60,000-85,000 mile MaxCare warranty for a few thousand and be out the door for under $20k.  You’ll almost be able to get vintage tags and still be under the MaxCare warranty!

And to show that not all my unicorns are old, at the top end we have a 2015 435hp beast with only 15,000 miles at $26,998.   This one is still under factory warranty and so the MaxCare plan will be less.    With a 0-60 of 4.4 seconds this stirs my soul.   These Mustang GT’s sold for $35-45,000 just two years ago, so $27k seems like a good deal but not the $100,000 discount I look for in my German cars.   But the 2015’s and up have an extensive array of technology and amenity upgrades that surprised me.    For the same price as a 2015 Mustang GT you can buy a five to seven-year older Corvette, with better performance, more panache, but dated interior.  It’s a real tough call.  Check out this review:

Car and Driver Review – 2015 Mustang GT

Continue reading “Wild West Cars – Ponies and Bullitts”