It's great that you were able to buy your car cash but that doesn't make leasing a terrible idea. Leasing a car with the intention of buying at the end is a terrible idea. But hey. If you sold your $35k car in 3 years, what do you think it would be worth? Maybe 20k? Lets say 22k. Especially with the imminent re-design. What if the MT82s just start randomly grenading? Even less value. At that point you've taken the hit yourself. In the case of the lease, i have a guaranteed value after 36 months. Lease companies aren't dummies. They are good at determining future values. I turn it in and go shopping again. So in 2014 I go get something else and have actually paid less money. In 3 years, I've paid for oil changes. Maybe tires. That's it. I never have to worry about car repairs coming out of my pocket because I am under warranty for the entire time I've had the car.

The values above I made up for illustration purposes.

Plan on keeping the car forever? Perfect! You've made the right decision to buy. But that doesn't make someone else's decision to lease a bad one.

 

Hey guys lighten up! No matter how u paid we all drive fantastic cars we love which is a great place to be! Buying or leasing a mustang is by FAR better than driving a Dodge
Cheers to our horses

 

MSRP $38.9k
$200 under invoice
$2700 incentives
FINAL $34.2k

 

Did you finance?

 

MSRP: 36075
Sale Price: 30975 (around 16% off... not too bad)
Rebate: 1000
Tax: 3052 (crazy high in King county)
Down: 6346 (including rebate)
total payments: 32263 (long loan.. oh well, whatever... it's what I want to drive

total: ~38610 and well worth it.

I thought about getting the V-6 in anticipation of increasing gas prices, but I've had 10 mustangs... all of them V-8s. I don't spend money on much else, so why not? I'll just ride the motorcycle more if gas gets too terrible plus the difference really isn't that great between the 2 (if you can keep your foot out of it )

 

2011 MCA Prem coupe msrp $29800.00
paid $25,450.00
Ford B/C 750.00
=24700.00
17,000.00 Trade in
7700.00 bal+ tax

 

Did you pay cash?

 

I think the intent of the OP was to discern what the negotiated price was after rebates and such -- not to analyze the long term out of pocket cost.

 

He did put down his monthly payment over his three year lease. It only makes sense for everyone else put their true numbers.

 

I paid x-plan - $750 coupon + 0% for 72 months.

 

I have purchased 3 Mustangs in the last few years.
10-2004 purchased a 2005 GT Premium
Sticker Price was $28080 purchased for $26800 after TTL
No rebates

06-2009 purchased a 2010 V6 Premium
Sticker Price was $26915 purchased for $24600 after TTL
$750 rebates

03-2010 purchased a 2010 V6 Base
Sticker Price was $23530 purchased for $20500 after TTL
$2750 Rebates

Sales tax is 6.25% here so you can do the rest of the math

 

I didn't think they gave 0% for 72 months. Who gave you that? I might buy another mustang with that deal.

 

Why all the interest (pun intended) in everyone's financial situation?

 

Not interested in their financial situation. Interested in what they really paid for the car. The great deal I got on mine is still going to be 61k when I'm done paying for it.

 

Nope. Cold hard cash... Wanted to save the interest payments and get the $500 off....

 

They did for the 2011s. Excluding GT500s. I got the same deal.

 

I think he just wants to point out that the price others have listed aren't really what they are paying if they financed it.

 

That was the deal on 2010 GT's when I bought last Feb with Ford Credit.

 

Purchased in March 2011

MSRP was 38.5K
X-plan (Raytheon) = about $35.5K
$2.5K in manufacturer's rebates
33.5K OTD
Plus 1.9APR 60 Mo Financing from Navy Federal Credit Union.

Good deal

 

sold by Ford dealer.. msrp $37500..dealer invoice est$32500...U think i can get for $30k?