First and foremost, I know this is a very bad financial idea but I really want the Mustang GT.
I currently finance a 2014 BMW 428i (auto) which I bought in June 2014. I am paying $536.26~ monthly for 66 0r 72 months (I am not sure). I put $10,000 down payment and I have $32,400 left.
Now, I really want the 2015 Mustang GT so I went to the dealer and this was the deal after 4 hours of negotiating:
Two different GTs (both manual, same color)
GT Number 1 (In Phoenix, Arizona in their sister dealership; initially, charged me $700 for transfer fee but they waived it off):
Premium Package
3.55 Ratio Limited Slip Axle
20 Foundry Black Aluminum Wheels
Reverse Park Assist
Voice-Act Navigation System
MSRP: $39,700
After Negotiation and $500 rebate: 38,500
GT Number 2 (arriving this Saturday):
Performance Package (No Premium)
Recaro Cloth Seats
MSRP: $37,015
Did not negotiate but still came out to $36,515 after $500 rebate.
I highly preferred the Premium Package GT so I negotiated on that one only.
Price offered for my BMW after negotiation came out to $36,750 with tax credit.
With $500 cash down and BMW trade-in for 72 months finance, it came out to $569.56 monthly.
In conclusion, I have to pay $33.30 more monthly on the Mustang over the BMW. Is this all worth it? Should I go for further negotiations? However, the salesman told me that this is their final offer and I have until tomorrow to decide. Payments on the BMW isn't tough but I prefer it to be lower or around same as what I pay now.
Also, I have never driven a manual before but I test drove both manual and auto at the dealership.
I did not stall, had some trouble shifting, left clutch off early, let gas off early and had some jerky moments and had some smooth moments. Overall, I was more comfortable in the auto and had plenty of fun. In the manual, I had a lot of fun but it was a different experience because most of the time, I was so concerned of shifting. Is manual the way to go? My friend said that I would get used to it in a few weeks and it will be second nature and have more fun than the auto.
So, what should I do?
Thanks in advance!
I currently finance a 2014 BMW 428i (auto) which I bought in June 2014. I am paying $536.26~ monthly for 66 0r 72 months (I am not sure). I put $10,000 down payment and I have $32,400 left.
Now, I really want the 2015 Mustang GT so I went to the dealer and this was the deal after 4 hours of negotiating:
Two different GTs (both manual, same color)
GT Number 1 (In Phoenix, Arizona in their sister dealership; initially, charged me $700 for transfer fee but they waived it off):
Premium Package
3.55 Ratio Limited Slip Axle
20 Foundry Black Aluminum Wheels
Reverse Park Assist
Voice-Act Navigation System
MSRP: $39,700
After Negotiation and $500 rebate: 38,500
GT Number 2 (arriving this Saturday):
Performance Package (No Premium)
Recaro Cloth Seats
MSRP: $37,015
Did not negotiate but still came out to $36,515 after $500 rebate.
I highly preferred the Premium Package GT so I negotiated on that one only.
Price offered for my BMW after negotiation came out to $36,750 with tax credit.
With $500 cash down and BMW trade-in for 72 months finance, it came out to $569.56 monthly.
In conclusion, I have to pay $33.30 more monthly on the Mustang over the BMW. Is this all worth it? Should I go for further negotiations? However, the salesman told me that this is their final offer and I have until tomorrow to decide. Payments on the BMW isn't tough but I prefer it to be lower or around same as what I pay now.
Also, I have never driven a manual before but I test drove both manual and auto at the dealership.
I did not stall, had some trouble shifting, left clutch off early, let gas off early and had some jerky moments and had some smooth moments. Overall, I was more comfortable in the auto and had plenty of fun. In the manual, I had a lot of fun but it was a different experience because most of the time, I was so concerned of shifting. Is manual the way to go? My friend said that I would get used to it in a few weeks and it will be second nature and have more fun than the auto.
So, what should I do?
Thanks in advance!