Not to start a religon war on the boards, but do any of you remember the story of Jesus's temptations in the desert? The final and most tempting was that he would be leader of all the land.

Well my freinds, I've just recived the last and most tempting temptation. (Yes this involves a GT.)

I was up at the dealer where I bought my car from and I'm up there so much just looking I've pretty much become freinds with the salesman who sold me the car. As we're talking he starts playing around with his calc and says to me: "Hey I know you've asked me about a GT a couple times before. Just so you know I can get you into a new 07 premium 5-spd GT for the same price you are paying per month on that one."

"Well" I said, "I'll have to give that some thought." I don't know what to do. I've never driven a stick GT. My freind has one and I've riden in it. It's awesome, but I can't get the feel without driving one ya know. I may go up tommorow to test drive one, but I'm not great at stick. I've driven stick before, just not for a while.

I'm kinda stuck and am in need of some insight as fellow stang fans and as responsible people. Now I love my car and am not sure I could part with it, but a GT is what I wanted from the start. My current car will be payed off in 2-3 years where as the GT would probably be on a 5-6 year loan again. I'm not sure about insurance yet. Havn't looked into that yet, but I know it will go up.

I don't know. I am in need of your advice in this my "Last Temptation!" But if I don't trade now, I'm not going to and I'll just pay this one off.

Thanks in advance,

Mike

 

Yeah, same payment, but how much down? One off the lot?? and probably 72 mos, to boot. In other words, a mortgage, to which you will always be upside down on. Now, if you can order one, and only go out 60 months, with as little as possible down, then your dealing. So, go back, try one in the lot, even if it's another V-6. The power isnt there as the GT, but the clutch is just as soft. Try a GT, if he has one. On the lot. no need to go streets, you already know you want the GT. If you do it, don't let the finance guy, soak you up with a lot of extra's. You can always get extended and treatments down the line. Keep all the crap out of the payment equation. Pay yours Tags, Title, and Tax separately. No need to add that to the payment/interest equation. And if you don't put a lot of miles on, as you have your DD, inquire about lease options. Just be informed, see if there is a selection on the lot, can he bring one in, or how long it would take to build. Chances are, they want to move dealer stiock. That would be the best deal they could work with. Remember to the Store, it's just another unit, taking up floor plan financing space.

 

"how much you pay per month" is a scam, always has been. Negotiate on the price of the car, that's it. Negotiate the price of the car as low as possible, then see what APR you can get. And don't even mention the word trade-in till the very end.

 

Yes, be carefull of "per month" payments.

Is this an 07 or 08 GT? They are giving some discounts on 07's and 5.9% APR for 60 months. At least in my area!

 

Stay away 5 and 6 yrs loans,stick with the three yrs one. my car will be paid off in 7 more payments on a three yr loan. you don't want to be upside down on a loan. lol

 

This would be a loaded 07 GT premium 5-spd yes. Oh if I did do it I fully intend to squeeze the nickle till the bull sh*ts.

I could do it financially as long as insurance doesn't go up like 300 bucks a month, but my biggest issue is I'm not sure I could say goodbye to my V6.

Falchion, you are trading for a GT? Any tips/advice? Why are you trading?

 

My suggestions for steps leading to a decision -

1) verify the change in insurance cost
2) verify the increase in gas cost will fit into your monthly budget
3) determine the equity you have in the V6
4) calculate a best case (invoice or invoice + incentives) and worse case (MSRP) price for a 2007 GT optioned as you like
5) calculate state tax based on your state's method (where I live, the difference between the 2 values is what is taxed, not the full price of the new car)
6) calculate (new car price - equity) + state tax
7) calculate payments on a loan of 6) above in 3 and 5 year periods, comparing monthly payments

It would seem if you originally wanted a GT, and now you are considering it, you still probably want the GT but are thinking about the financial impact. I believe it helps to know the financial impact FIRST before making your value judgment.

Good luck in your decision!

 

Everyone's given you good advice on the financial side, so I'll speak of your other concern.

I hadn't driven a stick in quite a few years, since I sold my Camaro.
When I got in the GT for the test drive I mentioned this to the salesman, so he would understand why I stalled it, stuttered through the gears, etc.

But....I got in and it was like I'd been driving stick every day of my life.
This car is very easy to drive.
I plan on teaching my daughter how to drive in it.

If the financial side works out for you, go for it.
You won't be sorry.

 

I just traded my 05 v6 for an 06 GT and my insurance only went up $47.48 a year. I was surprised - I thought it would be more, being it's a GT.

I too had kind of a hard time leaving my 05 - it was black and my GT is satin silver, ew. Once you start driving it believe me you will not regret it! Satin silver's looking pretty darn good to me now, black v6 is in the distant past...

Just make sure your financial ducks are in a row. Do what Tony says above. When a dealer starts talking about the cost of a car in terms of monthly payments, my guard is up.

 

Good luck man, but as everyone says be careful. If the dealer starts talking monthly payments, it's time to get down to the bottom line. I remember recently going to a Nissan dealership with a friend of my who is looking to get into a new Nissan Altima coupe (I'm working on steering him towards a Mustang, lol) and the salesman told him that he could get him into a 3.5SE coupe for $299 per month. Turns out the salesman wanted my friend to put down $6500 in cash/trade...which my friend didn't want to do and the loan would be for 75 months. It's a good thing you're friends with salesman but remember he's there to earn a living. I'm not saying he's there to screw you over but remember the only person who's going to have your best interest in mind when buying a car, is you.

If you can financially make it work to your advantage I say go for it.

 

Thanks for all the advice guys! Of I understand he's out to make a living and I fully intent to look at EVERYTHING. In terms of down payment, he is only using my trade as a down payment no extra down.

I'll have to get down to the nuts and bolts of the situation. If I test drive today, i'll start number crunching, but I won't be purchasing today. I'll keep you informed!!

 

My recommendation - CRUNCH before your DRIVE because your DESIRE will be STRONG

 

If you keep the v6 and pay it off ,you will have a downpayment for your next car. You could be the first person on the block with a brand new 2010 ! But if you give into temptation ! Remember the clutch takes up very easy on theGT and it shifts almost like butter.

 

From what I've seen in terms of what they wanna do after this body style goes, I wouldn't want one. I would never have bought a Mustang if not for the body style you know because it has actual style and the muscle car look/feel. Well like I said. This is the "last temptation" because if I don't do it now, I WILL just pay off the V6 and go from there. Then I have to decide. Do I buy a GT playmate for it or just save for my dream car: A Dodge Viper.

 

well i'd just wait on it and pay off your V6. what happens when the new body style with the bigger engine comes out and you actually liking it? however, if you didn't like it you could always trade the V6 for the current model (2009?) at the time and probably get a good deal.

 

I'm trading in the V6 for couple of reasons: 1. I like the new Candy Apple Red along with the Black/Chamois interior that Ford is coming out with for 08. 2. I would like a little better performance then what I'm getting now. The V6 has been all right, but with the AC on, there has been times when I wish I had more power. 3. I also like the short throw shifter that comes with the GT better then the stick in the V6.

I might suggest you sell your V6 yourself and maybe make some extra money to put down on your GT?

 

Best advice by far in this thread. Armed with this info you'll know in a heartbeat if their deal is a good one. You can try selling yourself, but if they're giving you a decent deal why bother. This is a tough time to sell on your own with the deals on the new leftovers. When the new market is soft the used market is just about non-existent.

 

...and what did Jesus say when he was tempted?

GET THEE BEHIND ME SATAN!

Don't fall for those Satanic car dealers!!!

 

If the number's work. Just DO IT! Your V-6 will never be worth more than it is today. And actually with a style change ensuing, your GT will be worth more. Remember all those V-6 rental Mustangs will be hitting the lots soon, as well as the off lease ones too. Unload it now, get and enjoy the GT. Then you'll have a real musclecar for a trade up to the Viper, or more likely the Challenger.

 

Waiting 'till the end causes nothing but problems for the buyer if they owe money on it. They may of had to call a bank rep personally for an approval with certain stipulations and then you throw in the trade... Have them do a trade appraisal and give you a number, THEN tell them what the payoff is if want do do something that is at least conductive to getting a good price.

Most of the time the instant we run credit we know you have the trade and and the payoff by that point, and that a bank will not give you a loan on another car unless you traded it anyway... You should actually have them do an appraisal right away. Once we pull credit you can't hide anything you don't own outright.

Anybody can buy a car and get out of the dealer in under 45 minutes. Its the buyer that drags it out for hours and hours...