Ok, im in a situation where i have 2 choices
1. i can work at subway making around $200 a week and wait a couple months and go buy a stang (used mach 1 or maybe new 05 GT). my dealer said they would give me a 3.6% apr for 36 months and my parents will pay insurance and the down payment of $2000
they have a car down there now that were looking at, it cost around 19850 and its an 04 mach 1

2. i can wait until my 16th Christmas and let my parents buy me a new mustang.


its hard becuase i dont want to be like a spoiled kid, i kinda wanted to work for my car so i'd appreciate it a little more

 

Gee, when I was your age, I asked my dad if I could get a car. He said, "Go ahead. You want one, go buy one." No car payments in those days. I had to earn the entire amount and pay for it myself. That included having enough to keep it maintained and pay for insurance. I remember wanting chrome wheels for it soooo bad but at $33 per wheel, I couldn't afford it.... You kids today don't know how lucky you are....

 

I didn't get my first new car till after I was married! No offense, but if you're just getting your license, please practice on a Neon or an old Cavalier. Most people have a few small accidents (I did), some not so small, while they're learning to drive. My daughter wants a Mustang, but I told her there was no way I'd let her trash a classic or mess up a new one. She gets a used truck. Also, you better check insurance. I tried to buy a new Mustang GT (back in '85), but my insurance agent wouldn't even write a policy for me, at any price, and I was 22! You might find the V6 alot cheaper.

 

Work and squirrel away the cash. THEN have your folks get the car at Christmas. That way you'll have the dough for mods!

 

This is the same thing my Dad told me, one of the best things he ever did for me!

 

It's natural to want nice things just as much when you're young as when you get older - so I completely empathize with you.

That said, there is a natural order to things >> crawl...walk...run. It sounds from your post that you're not 16 yet, and I think a GT - while desireable - isn't wise or practical for you at this point in life. If you're determined to get a new Mustang with your parents' assistance, I would go with the V6. Learn to walk first, then have something to look forward to when you get into your 20s. Trust me, they will arrive sooner than you think.

Please keep in mind, too, that the best possible use for discretionary money at your age is post-secondary education. You are likely to own a few cars in your lifetime, give it time.

 

No dealer is going to sell you a car if you aren't over 18 years old...Plain and Simple.

I don't know whether your parents can co-sign it (and let you stay on the loan), or if they have to be the sole ones taking out the loan, but either way, the dealer won't sell you the car by yourself. Even if you gave them cash for the car, they won't sell it to you, because you're a minor.

So, they aren't giving YOU that rate, they're giving your parents that rate. You probably already knew this, but based off you said your choices were, I wasn't sure.

In terms of being spoiled: if you pay for it, and that's what you put your money toward, then that's not spoiled.

But, like someone said earlier: don't buy a nice good car as a first car. Instead, wait until you have some experience driving. Buy a good, reliable, cheap car as a first car. Then, work your way up.

 

Buy an awesome fox with a 5.0 and mod away! You could make it plenty fast, and stand out in a crowd! (no ricey body kits though ) If you don't want that, I'd go with an sn-95, and do the same!

 

I got an 89LX Convertible with a 2.3 and 5 speed for my first car. It was awesome, and I had so much fun in that car. Not too powerful, kept me out of trouble. Still fun to drive though! I had a few fender benders in that car (and one not so fender bender...oops.) Everyone does, it is expected.

Get an older stang, maybe a later 90's V-6. Decent power, but will not be too tempting to get into trouble with it. Also when (yes when) you wreck it, it will be cheaper to fix and not be as much of a heartache as a brand new car.

 

Actually this was my second car. I had a big STEEL Galaxy 500 for my first car. No problems with handling it. When you go to a Mustang, this is what happens with the fastest reflexes and little experience. (both were in adverse weather BTW...but even so, experience will tell me not to drive!)

http://forums.bradbarnett.net/showpo...7&postcount=11

Do not make the same mistakes I did...

 

Wait for Christmas and get the 05 GT. It is a much better car than the O4 and older cars. You get more power, better handling and better looks. In short it is worth the wait!

 

I'm not sure I'm reading your orginal post correctly. Is this a first car? (You mention 16th Christmas.??) If so, almost everyone I've ever met was in an accident during their first year of driving.

But you also list an F150 as your vehicle. If you're going to have both vehicles, you must have a secure future at Subway!

Old guy talking here, but, in any case, as posted above, I'd suggest picking up a clean Fox body (I just sold a clean 5.0 vert for $4000) and try to start saving some money.

 

Some folks may find this advice as a bit crazy, but I would suggest that whatever you end up with, spend a couple of bucks on some quality on-track driver education. You'll learn a whole lot about vehicle dynamics both in the classroom and in your car. It's amazing how little (if any) vehicle dynamics are covered in state mandated driver's ed classes. There'a hell of a lot more to driving a car than stopping at stop signs and yielding the right of way on slip ramps. The only real place to learn any of this is by either experiencing it first hand while careening off the road into a tree or at a track school. You'll learn how to handle your car and be able to play with it at the limit (eventually). That way once you know where the limit is you can be sure never to flirt with it on the street. If you do goof up on track there's generally plenty of run-off room so you don't ball up your car.

 

That's good advice for anyone, actually...no matter how many years they've been driving.

 

To answer some questions
Im 15, just turned it roughly a month ago
yes its kinda my first car, i have a 2000 F150

looks like im waiting until christmas!
i've tried waiting and i just cant i wan tone so bad i would do just abt anytihng for one lol

 

We used to be very active instructing a driving clinic for young/new drivers accident avoidance techniques as well as concepts such as threshold braking, ABS breaking, etc. We always recommended track events as a next step to help build on the concepts we covered as well as deepen their respect for cars in general. We strongly recommended that the parents participate as well to "support" their kids. In most cases the "seasoned" drivers were a mess compared to the younger folks because they had so many years worth of bad habits to lose. The young folks on the other hand were like sponges and very quickly picked everything up.

 

Don't mooch off your parents. Show them that your ready to be responsible. Buy the car YOURSELF. Trust me, you'll appreciate it more and you may be less likly to wreck it.

 

Also, my parents gave me a deal when I was a Junior in HS. They said if I got straight A's, they would buy me a Mustang. I had 6 classes. I got 4 a's and 2 b's. I'm glad that I didnt get straight A's, because my parents would have bought me an old 4 cyl fox.

 

Hmmmm WOW! I feel like I'm looking back into a mirror. Except I was one year older. Whenever I was 16, my parents gave me a 1988 Bronco II. This was an OK car but I wanted something more, so I found a cheap 1994 V6 Mustang to mess around with. However, whenever I saw the 05's roll out, I felt I HAD to have one!!! At that point in time, I was making approx. the same as you, perhaps a little more. I calculated everything down into detail so I would have some ammo whenever I faced the parents onslaught of questions. After fierce debates, I finally convinced them to let me get a 05 V6 Mustang. I would pay A) Full Car payment (they wouldn't pay a dime on it) B) Insurance C) Property Taxes. All this was around a month or two from my high school graduation. I never considered whenever I graduated, I would have more hours at work, which would allow me to make more money . Haha seems pretty silly I could overlook a thing like that. So whenever I got more hours, I realized I could have easily afforded the GT. However, I realized what a huge depreciation amount I gained on the V6, which in turned made no sense to upgrade to the GT. Now, that I’m almost 20, I regret every day I didn't get the GT. So in a few months from now, I'm probably going to trade it off onto a 2008 Escape (lmao yes, I know it seems like I'm smoking crack to go from a Mustang to an Escape). However, the plan is to get that paid off in under 2 years and then get a NICE mustang such as a GT500, S/GT, or any other SE that comes down the pipe. That way I will have the Escape as the daily driver and the NICE mustang as the garage queen.

**CLIFF NOTES to that huge gob of writing haha**
· Don't buy the GT or Mach 1 today because it will satisfy you here and now. Wait till you can afford something you REALLY REALLY want (such as a BRAND NEW Mustang, not used)
· Be satisfied with what you have.
· Don't be envious of others.
· Don't rush into hasty decisions, think it through.
· Simple decisions today can cost you a lot of money down the road.
Anyway, it's your decision bud! If you get the GT or Mach 1. ENJOY! Drive safe! (lol that stupid phrase they teach you in driver's ed, "drive to arrive alive!")

 

Yeah, young people are like that with pretty much everything. As you get older you become fraught with preconceived ideas, cynicism, etc - and it impedes the learning process somewhat.