IrishStallion
Well-Known Member
Are we really going to pretend we care about this 24 year olds dilemma....??? Ph off.
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Seriously, I was broke AF when I graduated college. There's some missing pieces here and with a $1200 a month payment, I'd say there was no down payment at all. Wondering what bank thought that was a great idea?this begs the questions of why in the world go to college when you were able to afford 5 cars between 50-75k while you were in college....
+1 on What work did you do in college to get a 1200 a month approval?
I was as well.Seriously, I was broke AF when I graduated college. There's some missing pieces here and with a $1200 a month payment, I'd say there was no down payment at all. Wondering what bank thought that was a great idea?
Giving financial advice to a 24 year old won't work anyway. I know how I was at that age. Give it 6 years.
Am I reading that correctly?? $1,200.00 per month for the car payment with an additional $220.00 on top just for insurance?Well, I have reached a point again where I am looking to get rid of another car. I donāt have many complaints about my GT350. But the time has come where Iāve been heavily thinking of getting a 19-20 GT with the 10 speed and also the digital dash. Iāve done some mods to my other cars Iāve had(hellcat, scat pack, gt500, gen 2 raptor, and some to my gt350). But lately I just really wanna go fully built race car but also daily drive, and I know twin turbos on the new mustangs with the auto are just rockets. I just feel like I canāt get what I am actually looking for out of turboing my 350. And also the 5.0 platform seems to be extremely easy to build off of.
Honestly I just need someone to tell me to do it. GF doesnāt want me to spend the money but I guess the luxury of being 24 is I donāt really have to care about that opinion.
My Gt350 has about 25k miles on it
Also it would be nicer to have a lower payment. I bought mine brand new and dealers were charging markup for them. About $1,200 month +$220 for insurance
Or none of the cars exist except in a video game. LolI was as well.
There's definitely some BS going on here. I'm going to be that guy and say the kid has a rich daddy or an idiot that was a cosigner on the car note. A 24 year old paying over $1400 a month just for his car? LMAO!
I was pretty excited for the Mach 1 too till I got sticker shocked. One of the great things about the regular Mustang GT's was the price/performance ratio. I feel like the price is getting out of control. Even my fiancƩ said, "I would never pay $50,000 for a FORD". That says a lot for a non car person.Am I reading that correctly?? $1,200.00 per month for the car payment with an additional $220.00 on top just for insurance?
Did you pay MSRP+ADM for the car with nothing down? No offense, but I thought GT500ās were insanely high for MSRP (depending on options chosen), but a GT350 @ $1,200 per mo?
To trade it in for a GT would only make financial sense IF you have equity in the GT350 for the trade (or private sale) AND get a good deal on the GTās pricing. Otherwise if youāre on the negative side of equity in the GT350, itās not going to help if trading it in...
Youāre young and have plenty of time to do whatever you want - but donāt bury yourself in debt over a car...
Pop on over to my igš„±Or none of the cars exist except in a video game. Lol
Ahhh the sour people who just canāt be glad thereās a āmillennialā who isnāt lazy. Rich daddy? Wouldāve been nice. Raised working/middle class. Iāve worked multiple jobs and in turn took that money and invested a large amount of my money in both the stock market and real estate. Donāt hate on me because I understand how to make money in addition to working a regular job. Please understand your talking to a 24 year old kid who didnāt attend a single college party and instead worked and researched. Thereās now a difference between me and you, I donāt get sour when I see other people who are doing better then me. That just motivates me to do and make more.I was as well.
There's definitely some BS going on here. I'm going to be that guy and say the kid has a rich daddy or an idiot that was a cosigner on the car note. A 24 year old paying over $1400 a month just for his car? LMAO!
yikes. why not go Fox body or 197 and start with a much cheaper entry point? There's gotta be plenty of people ahead of you on putting the A10 in a S197.
The first two options that came to mind for me if youāre just looking for a 1/4 mile monster.all other questions aside...call Lebanon and trade your 350 in on one of their $42k GTs that comes supercharged with a warranty!
https://www.lebanonfordperformance.com/2020-supercharged-mustang-for-42495/
Pop on over to my igš„±
Ahhh the sour people who just canāt be glad thereās a āmillennialā who isnāt lazy. Rich daddy? Wouldāve been nice. Raised working/middle class. Iāve worked multiple jobs and in turn took that money and invested a large amount of my money in both the stock market and real estate. Donāt hate on me because I understand how to make money in addition to working a regular job. Please understand your talking to a 24 year old kid who didnāt attend a single college party and instead worked and researched. Thereās now a difference between me and you, I donāt get sour when I see other people who are doing better then me. That just motivates me to do and make more.
I didnāt come here to beef with someone on the internet like little middle schoolers. I came here for information
my payment was 980/mo. 0.9% at 36mo on a 35K GT/PP1. A 5 or 6 year on a car costing 2x would reasonably net to $1200/mo.are so smart with your money why do you currently have a 1200 car payment
If the gt drag setup is what you want to do, go for it! Look into buying a car with TT already installed, no wait on a kit and save some cash.Pop on over to my igš„±
Ahhh the sour people who just canāt be glad thereās a āmillennialā who isnāt lazy. Rich daddy? Wouldāve been nice. Raised working/middle class. Iāve worked multiple jobs and in turn took that money and invested a large amount of my money in both the stock market and real estate. Donāt hate on me because I understand how to make money in addition to working a regular job. Please understand your talking to a 24 year old kid who didnāt attend a single college party and instead worked and researched. Thereās now a difference between me and you, I donāt get sour when I see other people who are doing better then me. That just motivates me to do and make more.
I didnāt come here to beef with someone on the internet like little middle schoolers. I came here for information
It depends on the interest rate youāre offered. If the interest rate youāre offered is close to zero such as 1.49% APR and youāre the type that invests your money (Stock market, personal business, etc), itās wiser to give a low down payment unless you donāt think you can beat 1.49% APR.25 year old me would have tried to finance the whole car and eat that $700+ a month payment. Today, I better have equity in my current car or at least $30k down to put on that car for me to consider it.