As I continue to debate which to order, the V6 or GT, I was wondering, what kind of payments are other folks looking at paying?

The longest I have ever financed a car is 48 months and I don't plan on going any longer than that now, but man, you need a boatload of cash down to keep the payment around $400/month.

Anybody going to be shelling out a big monthly payment and long-term notes to get their dream car?

Anybody going to lease to keep the payment affordable?

 

I am looking at around $380.......60 months.

 

I'll get doing 60 months at around $450 a month. I'll sell my old car myself and use the extra cash for other things.

 

I go with 60mo financing, it's practically standard nowadays. I'm going in with $10k + to keep my payments about what they were for my mini truck @ $350 a month.

 

I'm in the same boat, which is why I'm waiting until I get my credit card paid off.

 

Its allegedly $16.67 per 1k financed.
I was told that by the slime dealer locally. Probably FOS, but.....

 

I am confused on what to do also. I have a 95 probe GT that is a possible trade in, but it is my "winter car"(actually it's quite the nice car, nice paint, interior etc. not a "real" winter car....was planning on doing some things to it) so I don't know what I'll drive in the winter if I trade it in. I'll just have 2 mustangs sitting in my garage (which is not a bad thing)...unless I drive our Renault Le Car in the winter lol, that thing is a joke. Anyway I don't think i can afford a high payment so I would have to drop down a big down-payment, cause insurance ("incasance") is going to be high on the GT so putting a big payment down would leave me more money to pay it.

Sorry, I'm no help.

 

I estimate car payments at $20 per $1000 financed. I think this is based on 60 payments. Not sure what interest rate this works out to be, but it seems to be a QUICK way of estimating. So...finance $20,000, pay $400/month. And according to EleanorsMine, it looks like my estimation works relatively good.

 

48 months @ 4.25% = 317.00 monthly

 

$16.67 is 0% for 60 months
$17.09 is 1%.
$17.53 is 2%.
$17.97 is 3%.
$18.42 is 4%.
$18.87 is 5%
$19.33 is 6%

Most people are probably looking at close to $500/month for a well equipped GT, depending on their credit.

 

The $16.67/k is for a 60 month, zero interest loan.

16.67 x 60 = 1000.2

Will Ford have zero for 60 deals on the new Mustang? I kinda doubt it, at least for the first few months. These deals are typically used to encourage sales. I don't think they will be necessary with the new Mustang. Then again, all the manufacturers have been giving rebates, incentives, low-to-no interest financing, maybe they will have to do it.

 

That's what, $13k down?

 

I got that quote for an 04 Gt I was looking into over @ Ernest. It was sweet, but it remained an 04....

Doesn't matter now, WW3 has started in my house- over a stupid car. :bang: Never promise me something then reneg on it. My car was a "nice" car till I told him he could have it......Now it isnt- go figure.

I guess I am going to have to go get a super job, and give up my cushy work from home part time one and buy the blasted car myself.

 

hey nichole, you sure you typed that correctly or are you just putting down a bunch of money or have a nice trade in?

 

I just ran some numbers based on the GT I was looking at ordering.

It comes in near 28K with tax, license, etc., included. With $10K Down, 5% interest, it comes out to $453 for 48 months and $371 for 60 months.

As much as I don't want to go for 60 months, I may have to or go with the cheaper V6 to keep it under $400 a month.

 

Same here.

 

Thankfully no. Due to the largesse of my wife's late grandfather, we have about $18k to put down. We'll be under $200/month for 36 months.

Mike :drive:

 

I'm looking at about $25,500 per month ... 1 month

 

I'd wait until the better deals are out

I'm waiting for the 0% financing and I'll use that with my A plan.

Traded my 99 Saturn SC2 for the V6 Mustang.. they gave me about $8500 for it, but I owed $3000 on the Saturn, so I think my down payment was $5000-ish. Then I got the 0% financing for 5 years and my A Plan... came to about $230 a month for my Mustang.

No way could I afford any more... so I'll be waiting. It'll be hard though

 

Excellent!