Whats better than a nice Fox?

LOL.... My financial advisor is beating me up for a 25 y/o stang....

Nice buy though! Are those seats from a GM?

Looks like you got a great deal! enjoy her

Wow that's an awesome car for 4500. Congrats Grover!

I will have 8000 in my car before it's that nice. D:

How does one properly identify a TKO anyways? Supposedly my car has a TKO500.

double post

GroverDill said:

That is what is stamped on this ones tag too.

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It probably is a TKO.

Gearbanger 101 said:

So wait...let me get this strait? You got rid of a new car because the payments were to high....only to buy a near 20-year-old money pit? You need to punch your financial advisor in the mouth.

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Brian, are you out of your mind? New cars are the worst kind of investment.

Check this out: 2011 Ford Mustang GT Cost Of Ownership & Depreciation - New '11 Ford Mustang GT Coupe Ownership Costs at InternetAutoGuide.com

$39,400k to own a 2011 Mustang for 5 years, and that doesn't even include the purchase price of the car!

Granted, much of that is going to be spent on the 5.0, too. Maintenance is going to be higher, and fuel will be too, but how much? And actually, the majority of maintenance costs are going to be oil, tires, brakes, filters, etc... for both cars. Enough to make up for the $16,761 you'll pay just in depreciation and financing? No way! Not even if you replace the engine with a new one every year in the old 5.0, lol. Not to mention insurance is going to be much more for the expensive new car, even if you still elect to go with full coverage.

Oh, and what was the difference in purchase price, again? If you are lucky enough to be able to afford paying for it straight out, then don't forget to factor in the time value of money. An 8% ROI on the $25k minimum that you wouldn't be putting into the stock market is a little less than $12k.

Getting an old mustang for a daily driver isn't the most financially sensible option, but it's still a hell of a lot of fun, and it's definitely a better financial decision than a new one. It's not really even close. Stop smoking crack!

Gearbanger 101 said:

So wait...let me get this strait? You got rid of a new car because the payments were to high....only to buy a near 20-year-old money pit? You need to punch your financial advisor in the mouth.

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Looks to me like a real life counter argument to what you've always preached!