Mods and Auto Financing
#1
Bullitt Member
Thread Starter
Join Date: May 27, 2005
Posts: 476
Likes: 0
Received 0 Likes
on
0 Posts
Hi,
I was wondering, does everyone on this board doing modifications also completely own their mustang? Are you allowed to mod your stang if the bank still holds the title? I want to finance even though I could buy it outright, but that would really make me if I couldn't mod my mustang because I owe money on it.
I was wondering, does everyone on this board doing modifications also completely own their mustang? Are you allowed to mod your stang if the bank still holds the title? I want to finance even though I could buy it outright, but that would really make me if I couldn't mod my mustang because I owe money on it.
#5
Mach 1 Member
Join Date: November 15, 2004
Location: Victoria BC
Posts: 683
Likes: 0
Received 0 Likes
on
0 Posts
Only a lease would prevent mods. Even if you've made just a single payment on a car that you've bought, it's yours to do with what you please. Do you need the bank's permission to sell it? No, and therefore you don't need its permission to mod it.
#7
As long as it is financing through the bank, mod away. If you leased it, the car has to be in the same condition it was in when you bought it, meaning, nothing added unless it raises the value of the car. I striped my 97 GT and when I traded it in they loved it. The car sold 1 hour after I returned it. If they hated it I would have had to pay to have the stripes removed, or remove them myself obviously.
#8
Cobra Member
i leased it and am moding only bolt ons. i figure 3 years of having it , ill enjoy it the way i want it. if i spent $1500 that come out to 500 a year, about $1.25 a day.
#9
GTR Member
Originally posted by elvism@July 19, 2005, 10:37 PM
i leased it and am moding only bolt ons. i figure 3 years of having it , ill enjoy it the way i want it. if i spent $1500 that come out to 500 a year, about $1.25 a day.
i leased it and am moding only bolt ons. i figure 3 years of having it , ill enjoy it the way i want it. if i spent $1500 that come out to 500 a year, about $1.25 a day.
#10
Cobra Member
Originally posted by tmcolegr@July 19, 2005, 4:55 PM
If the anser is no I'm in deep poop!
If the anser is no I'm in deep poop!
*looks at your sig*
Thread
Thread Starter
Forum
Replies
Last Post
Gigantor
2005-2009 Mustang
31
5/11/23 07:31 PM