What is the book value of a 2014 Mustang?

The book value of a 2014 Ford Mustang can be calculated by considering the vehicle's original purchase price, depreciation, and current market conditions. This information can help you understand the approximate worth of your Mustang if you're looking to sell, trade-in, or insure the vehicle.

Understanding Book Value

Book value, also known as net book value, refers to the estimated worth of an asset based on its original cost, minus any accumulated depreciation. For a vehicle like a 2014 Mustang, the book value represents the car's current market value, taking into account factors such as mileage, condition, and demand.

Calculating the Book Value of a 2014 Mustang

To calculate the book value of a 2014 Ford Mustang, you'll need to consider the following factors:

• Original Purchase Price: The original MSRP (Manufacturer's Suggested Retail Price) for a 2014 Mustang can range from around $23,000 to $32,000, depending on the specific model and options.


• Depreciation: Vehicles typically depreciate in value by about 15-20% per year. So, a 2014 Mustang that was originally purchased for $25,000 would have a book value of around $10,000 to $12,500 after 7 years (as of 2021).


• Current Market Conditions: The actual market value of a 2014 Mustang can vary depending on factors such as mileage, condition, and demand in your local area. Checking online pricing guides or getting a quote from a dealer can help you determine the current market value.

By considering these factors, you can estimate the book value of your 2014 Ford Mustang. For example, if you purchased a 2014 Mustang for $25,000 and it has approximately 80,000 miles, the book value could be around $10,000 to $12,500 as of 2021.

How much is my 2014 Ford Mustang worth?

The price for a used 2014 Mustang varies significantly, but you can expect a fair purchase price to be between approximately $10,000 and $17,000, depending on the trim. For example, a V6 Convertible has a KBB fair purchase price around $10,023, while a GT Coupe's is closer to $16,378. Individual listings show prices can range from around $6,000 to over $25,000, with the final price determined by mileage, condition, and specific features.
 
2014 Mustang used car price guide

• V6 Coupe: Around $10,000 to $13,000
• V6 Premium Coupe: Around $15,000 to $18,000
• GT Coupe: Around $16,000 to $21,000
• GT Premium Coupe: Around $17,000 to $23,000 

What affects the price

• Trim level: Higher trims like the GT Premium have a higher price point. 
• Mileage: Vehicles with lower mileage will command a higher price. 
• Condition: The overall condition, including accident history, maintenance records, and any modifications, will influence the final cost. 
• Location: Local market conditions can cause price variations. 

How many miles is a 2014 Mustang good for?

A 2014 Mustang can last for well over 200,000 miles, with many owners reporting 300,000+ miles, especially with proper care. Longevity depends heavily on factors like regular maintenance, driving conditions, and whether the engine has been abused. The 5.0L "Coyote" engine is particularly known for its durability, while the 3.7L V6 is also very reliable. 
Factors that influence longevity

• Maintenance: Consistent oil changes, fluid flushes, and following the manufacturer's maintenance schedule are critical for a long life. 
• Driving conditions: A car driven in stop-and-go traffic or in a "rust belt" climate with road salt may not last as long as one driven in a milder climate with less frequent starting and stopping. 
• Engine type: The 5.0L Coyote engine in the GT is very durable and has a strong reputation for lasting a long time. The 3.7L V6 is also reliable and has a good track record. 
• Driving habits: Driving the car hard, constantly redlining the engine, or "abusing" it will shorten its lifespan compared to a more gently driven car. 

What to expect for a 2014 Mustang

• Reliability: The 2014 Mustang is generally considered a reliable car. 
• High-mileage examples: It's not uncommon to find 2014 Mustangs with over 150,000 miles, and some V6 models have reportedly reached nearly 200,000 miles. There are even reports of 5.0L models reaching over 400,000 miles. 
• Potential issues: Some potential common issues on higher-mileage examples include the water pump and the purge valve. 

What year to stay away from Mustang?

Years to avoid for the Ford Mustang include the 2015-2017 and 2019-2020 models, which have been associated with issues like transmission problems, electrical glitches, and warning light malfunctions. Older models to avoid include the 2005-2010 and 1999-2001 model years for various engine and design-related problems, as well as the entire Mustang II generation (1974-1978) due to poor performance. 
This video explains the issues with the 2015-2023 Ford Mustang S550 and provides a buyer's guide: 59sDiscerning CarsYouTube · Jan 15, 2024
Model years to avoid

• 2015-2017: Debut year of the sixth generation had numerous complaints, particularly for transmission, body panel, and electrical issues. The 2016 model year is noted for potential engine oil loss and air conditioning problems. 
• 2019-2020: Reported issues with cabin warning lights, including blind spot and forward collision warnings. 
• 2011-2012: Some 2011 models had issues after receiving the new "Coyote" 5.0L V8, and the 2012 model year saw further engine problems with the 3.7L V6. 
• 2005-2010: A long-running generation that has been cited for reliability issues. 
• 1999-2001: The 1999 facelift brought new issues, and the 2001 model also faced reliability concerns. 
• 1974-1978 (Mustang II): This entire generation is often considered one of the least reliable due to its poor performance and styling compared to other Mustang eras. 

General transmission issues

• 2011-2019: These years are frequently cited for problems with the MT82/MT82-D4 manual transmission, which can experience harsh shifting and other issues. 

Other notable years

• 1994-1995: These model years are on some "worst of" lists for specific problems. 
• 1996: The 1996 GT is sometimes criticized for a "dull" driving experience due to its new "mod" motor. 

Does the 2014 Mustang V6 have good resale value?

A 2014 Ford Mustang V6 Coupe 2D has depreciated $4,420 or 39% in the last 3 years and has a current resale value of $6,749 and trade-in value of $5,048.