Just curious as to how long can you finance a mustang as far as the boss 302 and the gt500 beings they are $50,0000 + cars?

 

All depends on credit

 

Depends on credit is the right answer here. There's a million variables. But to the best of my knowledge 96 months is the longest finance term available.

But my knowledge base is in used car sales, not new....

 

The longest ive ever financed was 60 months but i was just curious! My credit is great so that wouldnt be an issue. Just wondering can they make financing affordable for these cars or are people paying $800-$1000 car notes? Just curious.

 

I think that a down payment is really the best way to make the car affordable. The whole logic of "get an infinitely long term so I can afford very expensive car" doesn't sit well with me.

IMO if you can't put 25-50% of the purchase cost down upfront you should wait a little longer and save some more money, or buy something less expensive. But that's just me, and at work we finance people with 0 down all the time, so it's all up to what you want to do I suppose.

 

Of course if you really wanted to make the car "affordable" and you have a reasonable amount of equity in your home you could always refi and roll the car loan into your mortgage. We have people do that a lot at work too.

 

Got 1.79% for 60 months on my Boss through Navy Federal Credit Union. I am one lucky guy. But I had a sizeable down payment.

 

I've known people to finance a car for 75 months.

 

That is what I am doing, sure I can buy a Boss right now but I am shooting for putting down 50-60% of the price so hopefully I can get the payment down to under 300 a month

 

Don't wait too long! Once people get over their excitement over the '13 tail lights (which ARE sweet) that RAM style grille is going to smack them in the face and before you know it those "gorgeous in every detail" 2012's are going to be snatched up, and there goes your elusive Kona Blue!

 

The longest I've taken is a 60 month loan, and have paid the note ahead of time with no prepayment penalty.

 

In May i got a new 2012 for 60 months and 0% financing from Ford.

 

Me personally I would not pay more than 5yrs for a car, I try 4yrs when possible but 5yrs is my max. If I have to stretch the years out to make it a affordable then in my mind I cannot afford it.