2010-2014 Mustang Information on The S197 {GenII}
View Poll Results: How much money do you owe on your car?
$0
33
34.74%
Less than $5k
2
2.11%
$5k - $10k
3
3.16%
$10k - $15k
8
8.42%
$15k - $20k
9
9.47%
$20k - $25k
15
15.79%
$25k - $30k
9
9.47%
$30k - $35k
7
7.37%
$35k+
2
2.11%
None of your business
7
7.37%
Voters: 95. You may not vote on this poll

How much money do you owe on your car?

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Old 9/24/10 | 01:29 PM
  #1  
Adam's Avatar
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How much money do you owe on your car?

36 months @ 0%. I owe about $12k. No reason to pay it off early when you have 0% financing

Last edited by Adam; 9/24/10 at 02:54 PM.
Old 9/24/10 | 01:30 PM
  #2  
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From: Greenville NC
Zero...
Old 9/24/10 | 02:02 PM
  #3  
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From: Brew City
I only made one payment
Old 9/24/10 | 02:23 PM
  #4  
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From: Texas
With the stock market making a small rally the past couple of weeks, I decided to pay cash for it. Today's rise of nearly 2% helped alot.
Old 9/24/10 | 02:55 PM
  #5  
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From: Mohave County, Arizona
Zilch, made my one payment and it's all mine! Now...to figure out how to pay for gas. 26 miles to the gallon! HAH!!
I need an accessory to knock my foot off the go pedal!

Gotta quit using so many exclamation marks.
Old 9/24/10 | 05:03 PM
  #6  
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From: Montreal
0% financing, 0% debt, 100% cash and all mine.
Old 9/24/10 | 07:14 PM
  #7  
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From: Western US
Cash here, too. And, StGry11, I have the same problem with my right foot. I'm at 18.8 MPG currently. Time for a road trip to improve my average.
Old 9/24/10 | 07:18 PM
  #8  
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Zero. Zilch. Nada.
Old 9/24/10 | 07:34 PM
  #9  
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From: Southaven, MS (near Memphis, TN)
Zero.
Old 9/24/10 | 07:36 PM
  #10  
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From: North Carolina
Will be $0.00, when it arrives that is.
Old 9/24/10 | 07:40 PM
  #11  
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Joined: September 16, 2009
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From: Clinton Tennessee
Zero.
Old 9/24/10 | 07:41 PM
  #12  
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Zero.
Old 9/24/10 | 07:41 PM
  #13  
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I see a trend here. Only those that owe nothing have the ***** to post about it.
Old 9/24/10 | 07:43 PM
  #14  
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From: Winnipeg, MB
Zero...cash rules baby!
Old 9/24/10 | 07:45 PM
  #15  
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From: Medina county, OH
Yeah it's surprising to see so many members that had enough cash laying around to buy a $30k-$40k car outright in today's economy.
Old 9/24/10 | 07:57 PM
  #16  
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$17k cash, 17K financed at 3.89%...but will pay it off in 1-2 years.
Old 9/24/10 | 09:58 PM
  #17  
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Originally Posted by tom281
Yeah it's surprising to see so many members that had enough cash laying around to buy a $30k-$40k car outright in today's economy.
+1.

Roughly 90% of those who verbally responded (so far) paid cash? I would like to know everyone's age that paid cash. I am of the opinion that money is cheap right now and if you can get a great rate, why not finance? You should always be paying on something, right?

I do understand not wanting to owe anybody any money so I will probably pay cash too.

Last edited by Killa-B; 9/24/10 at 10:00 PM.
Old 9/24/10 | 11:05 PM
  #18  
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Originally Posted by Killa-B
+1.

Roughly 90% of those who verbally responded (so far) paid cash? I would like to know everyone's age that paid cash. I am of the opinion that money is cheap right now and if you can get a great rate, why not finance? You should always be paying on something, right?

I do understand not wanting to owe anybody any money so I will probably pay cash too.
I don't think Ford would ever release the numbers, but I bet a very high percentage of Mustang buyers finance the vehicle. Like in the neighborhood of 90%+. Of course, that is just a guess. Fiscal responsibility is something a lot of Americans do not have. Lets not even talk about the mortgage/foreclosure fiasco. It's in our nature to go big - often beyond people's means. If you can pay cash money - do it. 0% financing is also a no brainer.

Last edited by Adam; 9/24/10 at 11:09 PM.
Old 9/25/10 | 12:12 AM
  #19  
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I've got the ***** to post. I forgot how much I borrowed. Something like $32000. I've paid payments of $1000, $2000 and $3000. Would have been more but was paying aggressively on another vehicle. Now that I have it paid off I expect to be making payments of $5000 per month.

Then I'll save a little ($5000 or $10,000) for a down payment and get a F-150. Then I'm set for a while.
Old 9/25/10 | 12:18 AM
  #20  
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From: Ladner,Canada
or some of us are getting free cars thanks to ford two years ago :-)



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