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?

Thread Tools
 
Search this Thread
 
Old 9/25/10, 12:23 AM
  #21  
Post *****
 
2k7gtcs's Avatar
 
Join Date: October 9, 2007
Posts: 32,753
Received 159 Likes on 133 Posts
Originally Posted by tom_vilsack
or some of us are getting free cars thanks to ford two years ago :-)

Don't remind me. I wanted in so bad. But I kept my money safe instead of taking the risk. Oh well.

Congrats to you though.
Old 9/25/10, 02:20 AM
  #22  
Cobra R Member
Thread Starter
 
Adam's Avatar
 
Join Date: March 12, 2004
Location: Orange County, CA
Posts: 1,560
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by tom_vilsack
or some of us are getting free cars thanks to ford two years ago :-)
Nearly every stock had a huge jump after Feb 2009. Timing is everything.

Last edited by Adam; 9/25/10 at 02:31 AM.
Old 9/25/10, 05:41 AM
  #23  
Mach 1 Member
 
crescent_wrench's Avatar
 
Join Date: September 8, 2009
Location: Wake County, NC
Posts: 787
Likes: 0
Received 0 Likes on 0 Posts
Lots of folks here with wads of disposable cash....I need to make more money!

15K down....12K financed @3.9% for 60 months = very low monthly payment. Always pay extra as I want to pay her off early.
Old 9/25/10, 07:40 AM
  #24  
Bullitt Member
 
m4reapr's Avatar
 
Join Date: January 24, 2010
Location: fredneck county, MD
Posts: 313
Likes: 0
Received 0 Likes on 0 Posts
i'll answer the questions

ZERO owed
i'm 43
almost 5 years ago i started to buy $200 of discounted co. stock/week to chase a GT500
since i dollar/cost averaged i didn't lose anything but the stock didn't move much except for my 10% discount and 3+% dividend
when the 5.0 came around at 412 hp i sold 3/4 of the stock and paid $cash$

was thinking of $20k down and a low interest rate but by owning outright i have liability and comprehensive insurance, no collision and pay $480/year
it's not a daily driver, owned for a little over 3 months and have 163 miles on it
Old 9/25/10, 09:52 AM
  #25  
Member
 
cgjarvis's Avatar
 
Join Date: July 27, 2010
Location: VT
Posts: 26
Likes: 0
Received 0 Likes on 0 Posts
I opted to finance 100% and pay off my 09 Tacoma instead. Now I will just dump $$ on the stang.
Old 9/25/10, 12:36 PM
  #26  
Legacy TMS Member
 
orange3.9stang's Avatar
 
Join Date: September 20, 2004
Location: N.E. Wisconsin
Posts: 883
Likes: 0
Received 4 Likes on 4 Posts
I put down $16255 ... in order to do so I sold both my '04 Mustang & '67 Fairlane plus an aditional $2800 in cash. Desired no more than $300/mo payments so I financed $10,800 though Ford Credit (0% for 36 months) and have made 4 payments so I owe $9600.

Doug
Old 9/25/10, 12:42 PM
  #27  
Cobra R Member
Thread Starter
 
Adam's Avatar
 
Join Date: March 12, 2004
Location: Orange County, CA
Posts: 1,560
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by cgjarvis
I opted to finance 100% and pay off my 09 Tacoma instead. Now I will just dump $$ on the stang.
Originally Posted by orange3.9stang
I put down $16255 ... in order to do so I sold both my '04 Mustang & '67 Fairlane plus an aditional $2800 in cash. Desired no more than $300/mo payments so I financed $10,800 though Ford Credit (0% for 36 months) and have made 4 payments so I owe $9600.

Doug
Nicely done
Old 9/25/10, 01:08 PM
  #28  
Banned
 
shadowstang03gt's Avatar
 
Join Date: January 8, 2005
Location: philly
Posts: 197
Likes: 0
Received 0 Likes on 0 Posts
i have 10,000 so far to put down, want another 3,000 plus my 2003 Gt trade.
Old 9/25/10, 03:29 PM
  #29  
Bullitt Member
 
danimal15's Avatar
 
Join Date: May 19, 2010
Location: Chicago area
Posts: 275
Received 7 Likes on 3 Posts
I wrote the check - around $35,800.

I'm 39.
Old 9/25/10, 08:46 PM
  #30  
Bullitt Member
 
Dreamtheory's Avatar
 
Join Date: August 12, 2010
Location: City of Orange
Posts: 405
Likes: 0
Received 0 Likes on 0 Posts
I owe 16k, purchased in July have 4.9 %

will be paid off early, 1-2 years from now

I'm 23
Old 9/26/10, 12:47 PM
  #31  
Bullitt Member
 
BlackOut2k11's Avatar
 
Join Date: July 23, 2010
Location: New York
Posts: 265
Likes: 0
Received 0 Likes on 0 Posts
I owe 14k, they put me in for a 72 month loan but it will be paid off in 36 or less. I only did the loan to build credit, I'm 24.
Old 9/26/10, 01:03 PM
  #32  
Member
 
01PonyGT's Avatar
 
Join Date: January 23, 2010
Location: Willow Grove, PA
Posts: 9
Likes: 0
Received 0 Likes on 0 Posts
I financed just under $30k for 60 mos
Old 9/26/10, 01:14 PM
  #33  
Cobra R Member
Thread Starter
 
Adam's Avatar
 
Join Date: March 12, 2004
Location: Orange County, CA
Posts: 1,560
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by BlackOut2k11
I owe 14k, they put me in for a 72 month loan but it will be paid off in 36 or less. I only did the loan to build credit, I'm 24.
That's good, 72 months is way too long to be paying on a depreciating asset.
Old 9/26/10, 01:28 PM
  #34  
AKA 1 BULLITT------------ Legacy TMS Member
 
1 COBRA's Avatar
 
Join Date: January 29, 2004
Location: U S A
Posts: 7,737
Received 343 Likes on 216 Posts
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.
It is due to expertice of government entitlements such as the stimulus.

. . .


Old 9/26/10, 01:42 PM
  #35  
Cobra Member
 
SD CALSPCL's Avatar
 
Join Date: March 14, 2007
Location: South Dakota
Posts: 1,131
Received 6 Likes on 5 Posts
I learned a long time ago not to spend my money when I can spend someone else's, at no cost to me. With that said, I always finance, if the interest rate is lower then what I make on my cash bearing interest accounts. I have the cash, but why spend it. I have a zero percent loan, from VW, on my wife's car. Why give up my money that is making money when they are willing to give me money, at no cost to me? I have a 2.9 percent loan, on my Mustang, from the Credit Union which pays me more then that on my interest bearing accounts, so why not finance the cars.
Old 9/27/10, 12:34 PM
  #36  
Shelby GT350 Member
 
dmhines's Avatar
 
Join Date: September 11, 2006
Location: Cumming, GA
Posts: 2,349
Likes: 0
Received 4 Likes on 3 Posts
$29K ... 0% for 72 months .. I put $0.00 down ...
Old 9/27/10, 01:18 PM
  #37  
28.
Bullitt Member
 
28.'s Avatar
 
Join Date: June 2, 2010
Posts: 331
Likes: 0
Received 0 Likes on 0 Posts
paid kzach for mine.. Sold my 08 4x4 5.7L Tundra and paid the difference cash.. 37 years young..

Last edited by 28.; 9/27/10 at 01:19 PM.
Old 9/27/10, 01:52 PM
  #38  
Bullitt Member
 
Jayhawk's Avatar
 
Join Date: July 29, 2007
Posts: 277
Likes: 0
Received 0 Likes on 0 Posts
One payment - cash only! Bought it in August of 2007. Wife hates to finance anything, so we saved some bucks and went and got what we wanted.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
jc46002003
Repair and Service Help
70
4/15/16 03:00 PM
Bullitt 3309
5.0L GT Modifications
5
8/2/15 10:20 PM
f1-cobra
Repair and Service Help
8
8/1/15 08:02 PM
The_206
Introductions
4
7/31/15 10:17 AM



Quick Reply: How much money do you owe on your car?



All times are GMT -6. The time now is 02:54 PM.