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  • 1996 - 2004 SN95 Mustang -General/Talk-

Hope this is the right forum

  • Thread starter Thread starter Racerjoey1
  • Start date Start date Nov 27, 2007
R

Racerjoey1

Founding Member
Oct 21, 2002
76
0
7
Birmingham, AL
Nov 27, 2007
#1
  • Nov 27, 2007
  • #1
I am really considering trading my truck in for a Mustang. I like my truck a lot, but I have only used it as a truck maybe 3 times in the 2 years that I have owned it. I like driving a truck, but I dont need it.

At 12mpg and a high monthly payment, I am thinking about doing this.

One main reason that I have for considering this is saving money. My truck is almost $400 a month plus another $200 or so in gas. I have done the numbers, and found that I can save $100 or so on the payment and probably at least that on the gas. For me being broke that would help out quite a bit.

My question, how hard is it to buy a car without a down payment or with a small down payment? I would be trading the Ram in of course.

Oh yeah, the stang would be a 99-04 2v GT, but preferably an 02-04 just since its newer and likely to have less miles.


Thanks,
Joey
 
B

bgbg22

New Member
Dec 5, 2005
23
0
0
Nov 27, 2007
#2
  • Nov 27, 2007
  • #2
You should def be able to afford an 99-00 mustang gt for under 10,000, and an 01-04 would run you used between 10,000 and 14,000 for a gt. I would do it, you'll save money, and you wont ever want a truck after a stang is in your garage
 
R

Racerjoey1

Founding Member
Oct 21, 2002
76
0
7
Birmingham, AL
Nov 27, 2007
#3
  • Nov 27, 2007
  • #3
Any idea on the down payment thing? I guess I could just go look and talk to the dealer, but I was just wondering what to expect if/when I go looking.
 

04YELLOWGT

Active Member
Jun 29, 2005
1,135
2
39
Indiana
Nov 27, 2007
#4
  • Nov 27, 2007
  • #4
They would/can use you trade in as the down payment. When my brother bought his 01 GT he tradded in his Toyota Pickup in and thats what they used for a down payment.
 

Winters98GT

Whoop...whoop-whoop-whoop-whoop...GANGNAM STYLE!!!
Founding Member
Nov 29, 1999
5,520
1,291
224
H Town
Nov 28, 2007
#5
  • Nov 28, 2007
  • #5
shop around, don't get hosed on financing an old car for a long time, with interest. Good luck man, the 99-04 mustangs are good cars if maintained decently.
 

EPIK

Member
Jul 3, 2004
796
1
16
LEFT COAST
Nov 28, 2007
#6
  • Nov 28, 2007
  • #6
As long as u have good credit, they will finance u with not much of a down payment, but then your monthly car note will be higher. U should sell the truck outright, pay off the rest of the loan, & use whatever else u have left or saved up for a down payment. U will get way more for your truck if u sell it rather than trading it in....Good luck on your purchase....
 
R

Racerjoey1

Founding Member
Oct 21, 2002
76
0
7
Birmingham, AL
Nov 29, 2007
#7
  • Nov 29, 2007
  • #7
Thanks for the advice. I have tried to sell 2 vehicles before on my own, and I had no luck with either so I have had the mindset now that its easier just to trade it in.

Of course, people around here love trucks, especially a fullsize so it may be worth a shot to try and sell it. Whats the going rate for a 01-04 GT with <50k miles?
 

EPIK

Member
Jul 3, 2004
796
1
16
LEFT COAST
Nov 29, 2007
#8
  • Nov 29, 2007
  • #8
Racerjoey1 said:
Thanks for the advice. I have tried to sell 2 vehicles before on my own, and I had no luck with either so I have had the mindset now that its easier just to trade it in.

Of course, people around here love trucks, especially a fullsize so it may be worth a shot to try and sell it. Whats the going rate for a 01-04 GT with <50k miles?
Click to expand...

Not sure about the going rate, maybe like 9-13k depending on the condition of the car. U should post your truck on Craigslist. Ive had pretty good luck selling a couple of my cars on there...Its worth a try at least b4 u trade it in.
 

deftsound

Please ask me how much my supercharger cost
Apr 6, 2004
945
1
39
Texas City TX
Nov 30, 2007
#9
  • Nov 30, 2007
  • #9
do yourself a favor and get a 4v
 

tomustang

Psychotic Member
Founding Member
Jun 8, 2000
3,434
2
78
McLean Hospital
Nov 30, 2007
#10
  • Nov 30, 2007
  • #10
Do you have a daily driver?
 

EPIK

Member
Jul 3, 2004
796
1
16
LEFT COAST
Nov 30, 2007
#11
  • Nov 30, 2007
  • #11
deftsound said:
do yourself a favor and get a 4v
Click to expand...

+1...
 
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