I had a similar problem a few years ago. When I bought my Cobra brand new in 2001 (for $29,000+), my girlfriend and I then applied for a mortgage about 6 months later. We got approved for only $80k, but they told us if we had a way to lower our car payment for my car by about $100-150 a month, we could get a mortgage for $100K+. Well, understanding the priorities in life, we took the Cobra to a Honda dealer down the street and wanted to see about leasing a new Civic ( ) and trading in the Cobra so we could then lower the payment by a couple hundred dollars. Well, after looking over my spotless car, the sales guy and the manager were in the manager's office for about 15 minutes. The sales guy comes back and says they'd give us $19,XXX for the Cobra. Now, not only was that an extremely huge insult, but I had traded in my 2000 GT for the car that I ownder for 10 months prior so there was about $5000 in negative equity already on the Cobra. So, In the end, had we done the deal, we would have had over $15k in negative equity on the Cobra. Needless to say, we've been living in our $80k house for 3 1/2 years now. Too bad i ended up having to get rid of the Cobra later on after I got laid off from the best job I ever had. :bang:

 

==As soon as you drive off the lot, any chance of getting back close to what you paid for is just a dream.==

Show me where in this thread I suggest I should get what I paid on trade-in. Read the very first post. I paid 28,500 and was expecting to get around 25k (hoping for more, but not expecting it).

==i took a 2k loss when i traded in the v6 for the gt. it had 2600 miles on it.==

If they had put that offer on the table, I would have been driving the GT to work this morning!

 

==Well my dreamworld is reality==

LOL! It's so easy to get you guys riled up

==Now, not only was that an extremely huge insult, but I had traded in my 2000 GT for the car that I ownder for 10 months prior so there was about $5000 in negative equity already on the Cobra==

Woah! I bet you really missed not being able to get that Civic too- LOL! I don't even know if NADA or KBB lists Cobras, they may have been pricing it like a regular Mustang? I'm a big believer in living well below your means, so in my opinion you did the right thing going cheaper on the house. People who get the most expensive house they can finance never do catch up financially. Our house will be paid off in 4 years. Just in time for the kids to start college!

I got another email from the dealership, looks like they're sticking to the 23k offer. So I'm sticking to my V6

 

Yeah, it was very reluctantly that I went to the Honda dealership. But I'm happy with our house (even though it still needs quite a bit of stuff done) and hopefully by next summer I'll have my new Mustang.

 

Show me in this thread where I said that. I said getting back close to what you paid for, not what you paid for.

 

i got my GT coupe for 27,500

 

Only because you cut out the rest of what we say......

 

My Cobra??? I haven't gotten the 06 GT yet, won't come in until the end of Sept.