What to do?

scupking · Aug 9, 2007

Well, I just got a $6 an hour raise at work. My car is almost paid off. I was debating if I should sell my stang next year and get an 05+ GT or keep it and continue to mod. I only have 55,000 miles on it so she still should have plenty of life left in her. What would you all do?

CENTENNIALSTANG · Aug 9, 2007

Why would you trade it in, its paid off (almost) plus they wouldnt give you much for it anyway. Save up a big down payment then get the 05+ stang

bakos24 · Aug 9, 2007

Damn, $6 raise. highest I got was like a dollar.

mustangkid05 · Aug 9, 2007

mod it real heavy, make it a 2v sleeper

scupking · Aug 9, 2007

CENTENNIALSTANG said:
Why would you trade it in, its paid off (almost) plus they wouldnt give you much for it anyway. Save up a big down payment then get the 05+ stang

No, I wouldn't trade it in. I would pay it off and then sell it myself. Or after I pay it off I get H&R springs, Blistens new rims, tires and a SC and just keep building it up. It’s a hard decision. I do like the looks of a moded 05+, stock there only ok for looks. The only thing is that our sn95s sound a lot better then the new stangs. My buddy just got a 05 and put SLP on it. They just don't have the deep sound like are cars he even commented on how deep mine was. I do think SLP is probably best sound for the new stangs. It wasn't raspy or poppy at all.

streethorse · Aug 9, 2007

A nice car, low miles, paid off is a rare thing, keep it for a while....
it wont depreciate that much in the next couple of years anyway.

smokin00GT · Aug 9, 2007

Keep your current car, and save the extra $6 an hour for something new later on down the road.

Blackie Lawless · Aug 9, 2007

Paid off Stang > 05+ and payments

40th GT · Aug 9, 2007

:Word:
keep the 01.

CobraRed_96_GT · Aug 9, 2007

i love 05+ mustangs, and im saving for one once i get outta college; but please don't take on payments when u have a basically paid off stang. Any econ major will tell you why many Americans don't know how to use thier money, as soon as they make a lil more cash, they see an opportunity to go further into debt and the ol' "well i can for this and that now, i make more" eventually creating an illusion of wealth when really your raise just brought you down to where you were before w/ the new payments. Even w/out the raise, once your car's paid off your mean income goes up, and is a raise in itself. With the raise, start making double payments on your car and once that's paid off you truley do make a substantial more per month/year. Then saving for a blower and all the accompanying mods to make it reliable wont even effect your current accustomed lifestyle.
This isn't really directed towards you or what kind of person you are, just citing an example.

joshjwc9 · Aug 9, 2007

CobraRed_96_GT said:
i love 05+ mustangs, and im saving for one once i get outta college; but please don't take on payments when u have a basically paid off stang. Any econ major will tell you why many Americans don't know how to use thier money, as soon as they make a lil more cash, they see an opportunity to go further into debt and the ol' "well i can for this and that now, i make more" eventually creating an illusion of wealth when really your raise just brought you down to where you were before w/ the new payments. Even w/out the raise, once your car's paid off your mean income goes up, and is a raise in itself. With the raise, start making double payments on your car and once that's paid off you truley do make a substantial more per month/year. Then saving for a blower and all the accompanying mods to make it reliable wont even effect your current accustomed lifestyle.
This isn't really directed towards you or what kind of person you are, just citing an example.

Sure you copied and pasted.

But if I were you I would just go ahead and buy a second cheap DD. That way you wont put more wear and tear on the Stang and still be able to afford the parts you want without having to have the car sit somewhere and you without a ride.

scupking · Aug 9, 2007

joshjwc9 said:
Sure you copied and pasted.

But if I were you I would just go ahead and buy a second cheap DD. That way you wont put more wear and tear on the Stang and still be able to afford the parts you want without having to have the car sit somewhere and you without a ride.

That’s most likely what I will do. I will get a cheap Explore or something like that. Mod the stang and buy a house before a new stang.

kaostik · Aug 9, 2007

if you dont own a house, and own an almost paid off stang in great condition with low miles, and you just got a raise, you def. should be looking into a home.

i know what you WANT to do usually isnt what you SHOULD do, but once my car is paid off in a few years, ill be looking for a house. im hoping ill be in the same mileage range you are in.

spend a couple grand on a DD like was stated, it keeps the mileage off the stang potentially keeping your resale value a little higher. plus, driving in a lesser vehicle for a DD will make your stang feel faster when you DO drive it

What to do?

scupking

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