Ha, we need advice, my wife and I.

SO...

We are 3.5 years into a 72 month loan. We are at 41,000 miles on the 2014 GT so are out of warranty. Tires good, car has no options except for 3.73 rear end.

Have a chance to trade ours in (even though we are a bit upside down of course), and keep the payments within about 16.00 a month, and get a new 2016 GT with PP. So that gets us new warranty, the bigger wheels we always wanted and the other PP options we couldn't afford on our GT.

But it also starts a whole new 72 month loan.

What would you guys do? We love our 2014 and hate that the new one isn't faster in the 1/4, but we do like the idea of the PP, and the warranty. Not to mention no recall on the air bag on the new one.

Also, the current 2014GT loan is at 13% interest (we had some rocky credit due to medical bills) and the new loan would be at 9%


Advice? Opinions?

Thanks

 

Just a thought....you could turn your '14 into a performance pack car with smart shopping. I am turning my '15 GT into a performance pack car with smart shopping and spending less than the package itself. I have already put on the wheels and the Brembo brakes for quite a savings. Could be another way to go!

 

We traded our 13 GT500 for a 50YLE which is a GTPP. COULDN't be happier! The new car is that much better. Rent one for a weekend or ask your dealer for an extended test drive. Spend some time in the S550. You may very well be enjoying a new car soon.

 

This is for my area code, ( Ford website ), but there should be good offers where you are also!!
.
2.9% APR for 60 mos.
Ford Credit Financing

OR
$500
Cash Back
.

 

I hate to be this guy, but instead of looking at payments maybe look at the cash price of the new car plus the cost of financing. Compare that amount to what you have left on your current loan and your trade in value. That's how much you are paying for your new warranty and options - I bet it's a lot.

Once you know that, compare it to the mod cost / aftermarket warranty cost. I suspect you'll be better off keeping the current car.

 

Well we ended up getting the new car.

WOW. What a great car. Though not as loud as our 2014, that can be fixed. It so nice. Still pure Mustang but with finesse now. Love the inside too, and we just have cloth. Perf Package, black wheels, black car. Very Darth Vader lol

Love this.

 

Well the deal was in the works all week, but as it grew closer to going to get it...we started wondering how dumb we might be...turns out this thing is beautiful. Wow.

 

Cograts! Enjoy.

 

Good decision. Buying any new car is not a smart financial decision. So buy the one you want.