General Mustang Chat Not Model Year Specific

First Payment!

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Old Dec 31, 2013 | 09:12 AM
  #1  
cdiaz1069's Avatar
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From: Cherry Hill, NJ
First Payment!

Good Morning,

Just made the first payment on my Mustang that I purchased on Black Friday. Oddly enough, I enjoyed it. lol 59 to go!

Love this site and seeing everyone's cars. I am so hooked.

Happy New Year,
Chris
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Old Dec 31, 2013 | 10:14 AM
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roadrunner's Avatar
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From: LA, SoCal
congrats! did you get 0% apr??? My joy was doubled tripled knowing i could pay the minimum or more or whatever i wanted, and not worry about any interest. that first payment is awesome, every one is a closer step to the car being completely yours
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Old Dec 31, 2013 | 11:51 AM
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cdiaz1069's Avatar
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Originally Posted by roadrunner
congrats! did you get 0% apr??? My joy was doubled tripled knowing i could pay the minimum or more or whatever i wanted, and not worry about any interest. that first payment is awesome, every one is a closer step to the car being completely yours
Thanks. 2.9. I got a good deal though. Paid invoice then got another $2500 off because of incentives.
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Old Dec 31, 2013 | 12:01 PM
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roadrunner's Avatar
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Originally Posted by cdiaz1069
Thanks. 2.9. I got a good deal though. Paid invoice then got another $2500 off because of incentives.
nice!! i love those incentives.. basically pays off all the tax, or viewed differently, makes the price of the car itself waaay lower than invoice all things considered.
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Old Dec 31, 2013 | 12:53 PM
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From: Western NC
Only 59 to go! You sure have a good sense of humor and optimism. Sounds like you scored a decent deal.
Here's something that will make you appreciate your deal even more. Way back when, I bought my first ever new car, a 1982 Mustang GT with a sticker of $9,616. I was lucky to get a loan at 13% interest. I had excellent credit and the loan was through Ford. Yes, that was a good deal. How times change.
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Old Dec 31, 2013 | 01:01 PM
  #6  
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From: Lancaster, PA
For some reason making Mustang payments is easier than other bills!
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Old Dec 31, 2013 | 01:05 PM
  #7  
cdiaz1069's Avatar
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From: Cherry Hill, NJ
Originally Posted by NC07GTCS
Only 59 to go! You sure have a good sense of humor and optimism. Sounds like you scored a decent deal.
Here's something that will make you appreciate your deal even more. Way back when, I bought my first ever new car, a 1982 Mustang GT with a sticker of $9,616. I was lucky to get a loan at 13% interest. I had excellent credit and the loan was through Ford. Yes, that was a good deal. How times change.
13?! Wow!

Originally Posted by Mustang Freak
For some reason making Mustang payments is easier than other bills!
Agreed!
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Old Dec 31, 2013 | 03:08 PM
  #8  
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When I bought my 87 I took a passbook loan at 7%.LOL
Passbook loans for those who dont know are loans where you leave the money you want to borrow locked up in your bank account and borrow against it. You do this to establish credit. Yup original window sticker.
I wonder if that car is still around today. My other car bought new lasted two weeks after I sold it.The guy I sold it to's wife totaled it.LOL

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Old Jan 1, 2014 | 07:58 AM
  #9  
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From: Western NC
midlife-stranger, that's cool that you have your window sticker. I have all of mine too. I made color copies for the new owners when I sold.


cdiaz1069, not only that high interest for my GT, but the same for our first home. On the plus side we had a $500 CD that earned 15.55% interest. I remember the retirees that lived around us living real well on their savings. If someone had saved $100,000 they could earn $15,000 a year. Serious money back in the early 80's. Today a 2% CD is doing real well.
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Old Jan 1, 2014 | 09:46 AM
  #10  
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From: Lancaster, PA
Originally Posted by NC07GTCS
midlife-stranger, that's cool that you have your window sticker. I have all of mine too. I made color copies for the new owners when I sold. cdiaz1069, not only that high interest for my GT, but the same for our first home. On the plus side we had a $500 CD that earned 15.55% interest. I remember the retirees that lived around us living real well on their savings. If someone had saved $100,000 they could earn $15,000 a year. Serious money back in the early 80's. Today a 2% CD is doing real well.
I keep all of my window stickers too. I look at the older ones and laugh now!!!
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Old Jan 3, 2014 | 08:38 AM
  #11  
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From: Miami, FL
Congrats on the new car! The best payment is the 60th one
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Old Jan 6, 2014 | 09:15 PM
  #12  
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From: N.E. Ohio
Originally Posted by NC07GTCS
Only 59 to go! You sure have a good sense of humor and optimism. Sounds like you scored a decent deal.
Here's something that will make you appreciate your deal even more. Way back when, I bought my first ever new car, a 1982 Mustang GT with a sticker of $9,616. I was lucky to get a loan at 13% interest. I had excellent credit and the loan was through Ford. Yes, that was a good deal. How times change.
I bought my first home in 83' was so happy i 'locked in' at 13.5, it went up a week later... My 85 camaro(first new car) was only 11%.

Money was expensive back then, but it bought a lot more. Hmm.

Just paid off our 09 a month ago, its a good feeling- and just in time to help offset the obamacrap insurance increases...

Last edited by ford4v429; Jan 6, 2014 at 09:26 PM.
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