should I do it? trade my 12 on a 14???
GT Member
Joined: December 27, 2012
Posts: 191
Likes: 2
From: Charlotte, NC
Also I've never enjoyed paying monthly payments on a car so much before this '14
V6 Member
Joined: April 4, 2012
Posts: 67
Likes: 0
Right, and by ditching his 2-year old car, and buying a new one, he's going to pay for the depreciation on 2 new cars instead of just one. The depreciation (total $$ value) on one car owned for 4 years is a lot less than 2 cars owned for 2 years each. That's why he's going to lose money; depreciation isn't linear. The first two years of ownership are the biggest hit.
Add to that the fact that he's replacing his 2 year old car with another that's basically exactly the same with minor cosmetic differences, and it makes even less sense to take the financial hit.
But as has already been said - it's new car fever, and "logic" and "financial sense" rarely come into play once that's set in.
Add to that the fact that he's replacing his 2 year old car with another that's basically exactly the same with minor cosmetic differences, and it makes even less sense to take the financial hit.
But as has already been said - it's new car fever, and "logic" and "financial sense" rarely come into play once that's set in.
I don't see anything wrong with updating for significant changes. Like getting a Boss or GT500. But IMO there sure isn't anything that significant between a 12 and 14 GT to justify the financial hit.
Thread Starter
Cobra Member
Joined: February 18, 2011
Posts: 1,023
Likes: 0
From: South Carolina
Originally Posted by stevegt2012
This ^. Plus you're paying sales taxes twice in two years, unless you like supporting the state that much.
I don't see anything wrong with updating for significant changes. Like getting a Boss or GT500. But IMO there sure isn't anything that significant between a 12 and 14 GT to justify the financial hit.
CA sales tax is a beezy.
Thread Starter
Cobra Member
Joined: February 18, 2011
Posts: 1,023
Likes: 0
From: South Carolina
Originally Posted by 11SHELBYGT500
...and you don't get hit somewhere else like registration? WTH my tax was over $4000.00
Banned
Joined: March 9, 2011
Posts: 16,242
Likes: 6
Well, this is upsetting if South Carolina is still receiving more federal funding than they pay in. :notfair:
V6 Member
Joined: January 24, 2013
Posts: 52
Likes: 0
I traded an 11 for a 13. If depreciation is that big of a deal then why buy a Mustang anyway. The 11's GT tranny cracked and clicked, windshield was cracked, two tires needed to be replaced. I got $25500 on the trade and bought my current GT below invoice. You can get a deal and enjoy your new car. People like us by American muscle as a way to have fun not an investment. Anyone that is buying a new car cash when u can get financing at 1.49% is not in a position to give advice regarding money anyway IMO 
Banned
Joined: March 9, 2011
Posts: 16,242
Likes: 6
I traded an 11 for a 13. If depreciation is that big of a deal then why buy a Mustang anyway. The 11's GT tranny cracked and clicked, windshield was cracked, two tires needed to be replaced. I got $25500 on the trade and bought my current GT below invoice. You can get a deal and enjoy your new car. People like us by American muscle as a way to have fun not an investment. Anyone that is buying a new car cash when u can get financing at 1.49% is not in a position to give advice regarding money anyway IMO
I Have No Life
Joined: September 24, 2011
Posts: 10,141
Likes: 172
On the contrary, they would be in a BETTER position to give advice. I can think of much better places to have an ROI much higher than 1.49
GTR Member
Joined: September 28, 2009
Posts: 6,284
Likes: 1
Ok, since everyone posting is a financial expert, its time to end the Suze Orman radio show. To the OP, I think you've heard both sides of the coin, and should be in a good position to make a decision that fits your lifestyle.
Thread
Thread Starter
Forum
Replies
Last Post