Actually I thought you paid too much too, but KBB does show that price is spot on. Good buy - and there is nothing like picking up a virgin Mustang like this in such great shape.Paid 10.5k I personally think it's a steal no matter what stupid KBB says.....lol My parents in Chicago picked up the car today from the woman in Ohio and drove it back to chicago. She had all books, keys, remotes, original window sticker, and even the toneau cover which she said was not put on the car a single time. I'm very excited to get this car out to CA in the next few weeks.
Meh, price is all relative. I love the SN-95 aero body style and 10.5K doesn't seem like too much considering it is a GT with the upgraded aluminum wheels and a convertible. 11,000 miles means it was driven just enough to keep the fluids moving, yet likely wasn't driven in the rain. I'm sure none of the bolts on the suspension are rusted. Try finding a car with under 11,000 miles for 10K that isn't an econobox, and I doubt you'll have much luck.
OP, I'd get 1.25" spacers because 1.5" may be too much. Those pics I posted of my black '98 had either 1.25" spacers or 30 MM spacers (don't remember) and IMO they were perfect. I bought them from Stang Suspension and IIRC it was around $150 for the pair.
$10.5k was a STEAL for that car. Absolutely gorgeous, and lol at anyone who thinks they could/would:
A) find that car for less
B) sell that car for less if they owned it
That car is cherry, worth every penny and more.
Also, don't put spacers on the car. It'll look better from the side, but really stupid from the back. Yeah the wheel wells are wide and it becomes obvious when the car is lowered, but it still doesn't actually look that bad.
If anything I would try a .75" spacer, happy medium between bringing the wheels out a bit and not looking completely retarded from the back. No reason the wheels have to be flush to the max with the quarter panel. In reality, you could pick up a pair of refinished wheels (so as to keep the stockers pristine) and have them widened an inch or inch and a half...that would be perfect.