Stupid Friggin' Stealership!
Team Mustang Source
Joined: June 19, 2004
Posts: 6,840
Likes: 2
From: Phoenixville, PA
Congrats on getting the loan Gary. And the interest rate isn't really that bad, considering what the prime is right now. Man, you pay this loan off in good standing, and not go crazy with credit cards, and your credit will be great. Then you'll get the best rate, and can get any car you want. Being that your approved for $12,000, I too would look for a used Mustang. There out there, you just have to go and find one thats nice. Good luck. 
Tasca Super Boss 429 Member
Joined: January 4, 2006
Posts: 3,904
Likes: 32
Gary, get the car with the best resale down the line. The wholesale price of my 4 cylinder cars have gone up in the past 6 months. After 13 months of payments trade in your high resale value car for what you want.
Remember BUY LOW, SELL HIGH.
If you buy a car at below or near trade in value and it is a car that holds value you will always be ahead.
Remember BUY LOW, SELL HIGH.
If you buy a car at below or near trade in value and it is a car that holds value you will always be ahead.
Thread Starter
GT Member
Joined: June 23, 2006
Posts: 118
Likes: 1
Originally Posted by 05fordgt
Congrats on getting the loan Gary. And the interest rate isn't really that bad, considering what the prime is right now. Man, you pay this loan off in good standing, and not go crazy with credit cards, and your credit will be great. Then you'll get the best rate, and can get any car you want. Being that your approved for $12,000, I too would look for a used Mustang. There out there, you just have to go and find one thats nice. Good luck.
Thread Starter
GT Member
Joined: June 23, 2006
Posts: 118
Likes: 1
Originally Posted by karman
Gary, get the car with the best resale down the line. The wholesale price of my 4 cylinder cars have gone up in the past 6 months. After 13 months of payments trade in your high resale value car for what you want.
Remember BUY LOW, SELL HIGH.
If you buy a car at below or near trade in value and it is a car that holds value you will always be ahead.
Remember BUY LOW, SELL HIGH.
If you buy a car at below or near trade in value and it is a car that holds value you will always be ahead.
Thread Starter
GT Member
Joined: June 23, 2006
Posts: 118
Likes: 1
Originally Posted by dly
I just did a search on carmax for used Mustangs at 12,000 or less in my area (Chicago). They found 39 matches with the newest being 2002 model. Just find a 12,000 used Mustang and go man go.
dly
dly
Thread Starter
GT Member
Joined: June 23, 2006
Posts: 118
Likes: 1
Originally Posted by Gisarm
Why a Toyota?
Toyota makes bland, inoffensive, supposedly mechanically reliable products (let me tell you about my 1985 Toyota sometime - POS) but I can't imagine why someone who has an interest in Mustangs would even turn his head to look at a Toyota.
It's probably just me, but I'd rather drive a keg of nails than a Toyota.
As someone in another thread advised me I should add that the preceding was my opinion and not actual fact. (Is perception reality?)
Toyota makes bland, inoffensive, supposedly mechanically reliable products (let me tell you about my 1985 Toyota sometime - POS) but I can't imagine why someone who has an interest in Mustangs would even turn his head to look at a Toyota.
It's probably just me, but I'd rather drive a keg of nails than a Toyota.
As someone in another thread advised me I should add that the preceding was my opinion and not actual fact. (Is perception reality?)
I did buy it at the Toyota dealership though, ironically.
Legacy TMS Member
Joined: June 24, 2006
Posts: 2,501
Likes: 16
Cool I 'm glad you got a good deal on a Mustang. Now just keep your payments up and next time it will be a new one. One way I found that helps your Credit alot is to round up your Payment. If you pay 183.99 a month round it up to an even 200. It's not that much but it looks good to your Creditor.
dly
dly
Team Mustang Source
Joined: June 19, 2004
Posts: 6,840
Likes: 2
From: Phoenixville, PA
Originally Posted by dly
Cool I 'm glad you got a good deal on a Mustang. Now just keep your payments up and next time it will be a new one. One way I found that helps your Credit alot is to round up your Payment. If you pay 183.99 a month round it up to an even 200. It's not that much but it looks good to your Creditor.
dly
dly
Thread Starter
GT Member
Joined: June 23, 2006
Posts: 118
Likes: 1
Originally Posted by dly
Cool I 'm glad you got a good deal on a Mustang. Now just keep your payments up and next time it will be a new one. One way I found that helps your Credit alot is to round up your Payment. If you pay 183.99 a month round it up to an even 200. It's not that much but it looks good to your Creditor.
dly
dly
Cobra R Member
Joined: July 9, 2006
Posts: 1,763
Likes: 3
From: Hillsboro MO, just south of St. Louis
Originally Posted by dly
Cool I 'm glad you got a good deal on a Mustang. Now just keep your payments up and next time it will be a new one. One way I found that helps your Credit alot is to round up your Payment. If you pay 183.99 a month round it up to an even 200. It's not that much but it looks good to your Creditor.
dly
dly
Always make the extra payment, have done that with my house, been here 12 years, started with a 30 yr loan, after 6 re fied to a 20 and currently will have it paid off in about 12 yrs. plan on the same with the new car. Also jacks up your credit score, and don' t...repeat DON'T miss a payment or be late.
Tasca Super Boss 429 Member
Joined: January 4, 2006
Posts: 3,904
Likes: 32
Originally Posted by dly
Cool I 'm glad you got a good deal on a Mustang. Now just keep your payments up and next time it will be a new one. One way I found that helps your Credit alot is to round up your Payment. If you pay 183.99 a month round it up to an even 200. It's not that much but it looks good to your Creditor.
dly
dly
The finance guys don't pay any attention to it. They are just looking for the things that jump out. Did he have any lates? Did he pay it off? What was his limit? etc.
The extra couple of bucks doesn't mean squat. Sorry if I burst your bubble, but I've been on the other side of the desk.
Thread Starter
GT Member
Joined: June 23, 2006
Posts: 118
Likes: 1
Originally Posted by karman
I do that for convenience.
The finance guys don't pay any attention to it. They are just looking for the things that jump out. Did he have any lates? Did he pay it off? What was his limit? etc.
The extra couple of bucks doesn't mean squat. Sorry if I burst your bubble, but I've been on the other side of the desk.
The finance guys don't pay any attention to it. They are just looking for the things that jump out. Did he have any lates? Did he pay it off? What was his limit? etc.
The extra couple of bucks doesn't mean squat. Sorry if I burst your bubble, but I've been on the other side of the desk.
Cobra R Member
Joined: February 25, 2004
Posts: 1,796
Likes: 0
Originally Posted by 05fordgt
That's exactly what I do on my car. Payments are $230 per month, I always write the check for $250. Will get paid off quicker too.
not too bad considering that the car is payed off in three years from the begining, might save an extra 6 months now.
