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 Sep 25, 2010 | 12:23 AM
  #21  
2k7gtcs's Avatar
Post *****
 
Joined: October 9, 2007
Posts: 32,808
Likes: 163
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.
Reply
Old Sep 25, 2010 | 02:20 AM
  #22  
Adam's Avatar
Thread Starter
Cobra R Member
 
Joined: March 12, 2004
Posts: 1,560
Likes: 0
From: Orange County, CA
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; Sep 25, 2010 at 02:31 AM.
Reply
Old Sep 25, 2010 | 05:41 AM
  #23  
crescent_wrench's Avatar
Mach 1 Member
 
Joined: September 8, 2009
Posts: 787
Likes: 0
From: Wake County, NC
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.
Reply
Old Sep 25, 2010 | 07:40 AM
  #24  
m4reapr's Avatar
Bullitt Member
 
Joined: January 24, 2010
Posts: 313
Likes: 0
From: fredneck county, MD
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
Reply
Old Sep 25, 2010 | 09:52 AM
  #25  
cgjarvis's Avatar
Member
 
Joined: July 27, 2010
Posts: 26
Likes: 0
From: VT
I opted to finance 100% and pay off my 09 Tacoma instead. Now I will just dump $$ on the stang.
Reply
Old Sep 25, 2010 | 12:36 PM
  #26  
orange3.9stang's Avatar
Legacy TMS Member
 
Joined: September 20, 2004
Posts: 883
Likes: 4
From: N.E. Wisconsin
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
Reply
Old Sep 25, 2010 | 12:42 PM
  #27  
Adam's Avatar
Thread Starter
Cobra R Member
 
Joined: March 12, 2004
Posts: 1,560
Likes: 0
From: Orange County, CA
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
Reply
Old Sep 25, 2010 | 01:08 PM
  #28  
shadowstang03gt's Avatar
Banned
 
Joined: January 8, 2005
Posts: 197
Likes: 0
From: philly
i have 10,000 so far to put down, want another 3,000 plus my 2003 Gt trade.
Reply
Old Sep 25, 2010 | 03:29 PM
  #29  
danimal15's Avatar
Legacy TMS Member
 
Joined: May 19, 2010
Posts: 280
Likes: 12
From: Chicago area
I wrote the check - around $35,800.

I'm 39.
Reply
Old Sep 25, 2010 | 08:46 PM
  #30  
Dreamtheory's Avatar
Bullitt Member
 
Joined: August 12, 2010
Posts: 405
Likes: 0
From: City of Orange
I owe 16k, purchased in July have 4.9 %

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

I'm 23
Reply
Old Sep 26, 2010 | 12:47 PM
  #31  
BlackOut2k11's Avatar
Banned
 
Joined: July 23, 2010
Posts: 267
Likes: 1
From: New York
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.
Reply
Old Sep 26, 2010 | 01:03 PM
  #32  
01PonyGT's Avatar
Member
 
Joined: January 23, 2010
Posts: 9
Likes: 0
From: Willow Grove, PA
I financed just under $30k for 60 mos
Reply
Old Sep 26, 2010 | 01:14 PM
  #33  
Adam's Avatar
Thread Starter
Cobra R Member
 
Joined: March 12, 2004
Posts: 1,560
Likes: 0
From: Orange County, CA
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.
Reply
Old Sep 26, 2010 | 01:28 PM
  #34  
1 COBRA's Avatar
AKA 1 BULLITT------------ Legacy TMS Member
 
Joined: January 29, 2004
Posts: 7,738
Likes: 361
From: U S A
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.

. . .


Reply
Old Sep 26, 2010 | 01:42 PM
  #35  
SD CALSPCL's Avatar
Cobra Member
 
Joined: March 14, 2007
Posts: 1,131
Likes: 6
From: South Dakota
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.
Reply
Old Sep 27, 2010 | 12:34 PM
  #36  
dmhines's Avatar
Shelby GT350 Member
 
Joined: September 11, 2006
Posts: 2,349
Likes: 5
From: Cumming, GA
$29K ... 0% for 72 months .. I put $0.00 down ...
Reply
Old Sep 27, 2010 | 01:18 PM
  #37  
28.'s Avatar
28.
Bullitt Member
 
Joined: June 2, 2010
Posts: 331
Likes: 0
paid kzach for mine.. Sold my 08 4x4 5.7L Tundra and paid the difference cash.. 37 years young..

Last edited by 28.; Sep 27, 2010 at 01:19 PM.
Reply
Old Sep 27, 2010 | 01:52 PM
  #38  
Jayhawk's Avatar
Bullitt Member
 
Joined: July 29, 2007
Posts: 277
Likes: 0
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.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
jc46002003
Repair and Service Help
70
Apr 15, 2016 03:00 PM
MRGTX
2012-2013 BOSS 302
12
Aug 7, 2015 08:29 AM
Bullitt 3309
5.0L GT Modifications
5
Aug 2, 2015 10:20 PM
f1-cobra
Repair and Service Help
8
Aug 1, 2015 08:02 PM
The_206
Introductions
4
Jul 31, 2015 10:17 AM




All times are GMT -6. The time now is 07:13 PM.