> | I never liked the design of previous mustangs(1994 to 2004), that's why
> | I didn't buy one. I never understood people who bought that car, it is
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> without the fear of breaking down, fender benders, etc. Tough decision.
> Please help us decide.
If you're buying the car to drive, the new one would be better in every way.
It would start quicker, run better during warmup, get better gas mileage,
and run cleaner. The car itself would be quieter, safer, less rust-prone,
more comfortable, and should be more reliable. All that said, a nice '69
will always get attention, while the '05 will only get attention for the few
months it takes to get enough of them on the road to make them commonplace.
Think New Beetle and PT Cruiser in this regard.
The '05, as you say, will depreciate a lot the first few years. It should
reach "collector status," probably in about 30 years. The old one, if it
stays in the same condition, will appreciate in value, but the "staying the
same" is a big caviat. If you drive it, the interior will wear, the paint
will get rock dings, etc., and, of course, if you live the the "rust belt"
where they salt roads or near an ocean, the collector car will turn into a
worthless heap in a few years if driven year round. Also, some parts would
be harder to get for the old one. For the "driving once a week to the
grocery store in the summer" scenario you describe, if you park so as to
avoid door dings, etc., a nice old one could make sense.
The bottom line, to me at least, is this. If you want the car to drive,
Get a new one. It looks good, drives well, is fast enough to be fun, and
with any luck, should be reliable. If you want the car as a "hobby," find a
a nice old one and drive it "for fun," but keep it away from any sources of
salt, and keep it out of the sun when not driven. Another option would be
to find a "beater" old one for not much money, and drive it expecting it to
deppreciate as it turns from a "beater" into a "junker."
Good luck