DeathMetal

Here is the setup that I am going for, I can afford it, I just have to convince my dad.. :bang: :bang: :bang: He is the penny pincher type and frowns on big purchases..

Mustang V6 Deluxe

Ext. Color: Black
Int. Color: Dark Charcoal

Tranny: 5 spd manual

Opt. Equipment

Wheels: 16" Bright Machined Cast Aluminum w/Chrome Spinner - 64T

Safety: Anti-Lock Brakes w/Traction Control - 552

Packages: Interior Upgrade Package - 18G

How does that look?

HairyCanary

Looks good... can't get him to go for the V8, eh? Bummer. You might see about getting the side air bags -- it's a safety feature, after all, he can't argue with that!

Dave

DeathMetal

Well, I technically could afford the v8, with my cougar trade in which will hopefully be around $9k, and $6k cash. Then I could finance the rest for about 6 years for a hopefully under $200 monthly payment..

I'm assuming the GT would cost about $27k with a 3.9% loan rate, which is the rate for the 04 Mustang on the ford site.

DeathMetal

Just figured out how I could afford either one, I just don't know about the 6 year finance on the GT, my dad's not a big fan of financing..

Do you guys think my purchase prices look accurate? I just guessed 27k for GT and 20k for V6.

Mustang GT Deluxe

Trade-in value of old car: $9,000
Outstanding loan balance on old car:
Purchase price of new car: $27,000?
Cash rebate on new car given by dealer:
Sales tax (e.g. 4%): 5%
Down payment: $6,000
Loan rate (e.g. 7 1/4%): 3.9%?
Term of loan: 6 Years
Monthly Payment: $201.24

Ext. Color: Black
Int. Color: Dark Charcoal
Tranny: 5 spd manual
Options: Spoiler Delete Option - 13D
Interior Upgrade Package - 18G
------------------------------------------------------------------------------------------------
Mustang V6 Deluxe

Trade-in value of old car: $9,000
Outstanding loan balance on old car:
Purchase price of new car: $20,000?
Cash rebate on new car given by dealer:
Sales tax (e.g. 4%): 5%
Down payment: $6,000
Loan rate (e.g. 7 1/4%): 3.9%?
Term of loan: 3 Years
Monthly Payment: $163.61

Ext. Color: Black
Int. Color: Dark Charcoal
Tranny: 5 spd manual
Options: Interior Upgrade Package - 18G
Anti-Lock brakes w/Traction Control - 552
Bright Machine Cast Aluminum Wheels w/ Chrome Spinner - 64T

jgsmuzzy

I'm with hairy canary, you should really look at the side airbags, I have seen enough shunts to realise they are worth their weight in gold. Also, the lockable wheel lugs might be an idea if you are getting special wheels.

Just my opinion (don't delete the spoiler either, you will regret it later IMHO)

James

Decipher

If he want's the spoiler delete, let him. It's his prerogative.

Deathmetal - I guess working from those numbers work for now, but there's really no point since even a slight change in the msrp and the payments could change dramatically. A guess is only a guess and could be wrong, so I wouldn't get to detailed in the financial aspect of it quite yet. It's up to you though, or course.

DeathMetal

Well, my dad actually said I can buy a 05 GT, but I have to do something else first that should have been done years ago but I've been lazy . That is sign up for college.

I just hope that once I get this taken care of that I can find a dealership with preorders still available..

HairyCanary

So the only prerequisite for getting an '05 GT is that you sign up for college? That's a no-brainer!!! Get the V6.

J/K!

Dave

DeathMetal

Yep, edjucashins suxxz!

hdwrench

anyone can sign up... atleast he didnt want you to actually go to class or even pass the classes.

DeathMetal

Hey that's true!

DrunkenDragon713

college is easy

numenor27

yeah man, go for the V8

DeathMetal

Well, i'm out of the 05 market now. Decided to not trade in my Cougar, and have two cars so I can't afford a brand new 05 gt. Im going to get a 99 to 01 Gt and drive that in the summer, and use the Cougar in the winter, which can be nasty around here. Don't really feel like driving through snow and road salt with a brand new RWD Mustang .

Kahdir

Np. Hey I don't blame you.