Boosting a finance mustang *?*

[DomMustangGT]

I am curious to know what are you all guys opinion on this subject matter. Is it a bone headed decision to even consider this thought or not? I have always been that type of person to believe tomorrow is not promise to you and you should live for today; why not have your cake and eat it too? With all that being said and being in a position to afford a blower and have the funds to fix anything that breaks; should one pull the trigger? All opinions are welcome and I am just trying to see if I am that crazy for even pondering this idea.

Sponsored

 

[keltymd]

I owe ford credit on my whipple mustang.

 

[Boduke0220]

i financed the car, not the mods. if you can afford to fix it I say go for it

 

[yote41]

Mine is financed and blown

 

[F1scamp]

Same. I got 0% financing... why not use their money?

 

[pwny]

Realistically, most people are racing the bank's money. Keep enough aside to fix it if you break or just keep it turned down and go for it.

 

[Barrel]

I paid off mine but realistically if you've got a low interest rate (sub 2%) then just use the banks money as long as you have enough cash to fix whatever breaks (engine, trans, axles).

 

[BoostedBen]

Financed mine and took it straight over for a blower, never looked back. I have the same mindset as you, I have the money, life is short, etc..worth every $.

 

[GreenS550]

You are on the hook for the financed portion of the car whether it is modded or not. If you are a short timer with your cars and trade them, either return to stock before trading or accept a loss on the cost of most mods. But, the car is your responsibility and I believe you should treat it the way you want to.
One of the reasons I have bought all my recent Mustangs cash, used, is that I can do what I want and only lose say 5K including the cost of the mods.
But I'm an old guy and its just entertainment for me.
I bought a new 1982 Mustang GT and had payments at the same time as I took the thermactor pump off it and did some "stuff". I'd say go for it.

 

[slicknick]

go with a roush and keep warranty or whipple and buy their warranty. Im in the same boat as you. I ordered a whipple and plan on buying their warranty if I ever get the damn thing.

 

[Performance nut]

Financing a modded car doesn't bother me. It is insuring a modded car that bothers me. If something breaks, fix it and be done. If the car is totaled, suddenly it feels like one of the scenes from Lord of War
[ame="[MEDIA=youtube]mQgdZTgpczM[/MEDIA]"]

 

[GreenS550]

Resale price on selling my 2015 if the 2019 Bullitt or NFG strikes me helps because LMS gives a one year warranty on the LMS675 package they installed.

 

[5.oh]

Realistically, most people are racing the bank's money. Keep enough aside to fix it if you break or just keep it turned down and go for it.

I hate this shit. Regardless of what happens the person on the loan is liable for the balance of the loan. While the bank may "own" the car you still gotta pay to play.

I say as long as you are not upside down on the financing go for it but if you are one of the people who put 0 down and only make the minimum payments id think twice. anything happens and you are screwed.

 

[5.oh]

Financing a modded car doesn't bother me. It is insuring a modded car that bothers me. If something breaks, fix it and be done. If the car is totaled, suddenly it feels like one of the scenes from Lord of War

if you have a good insurance company and plan you will be fine.

 

[Performance nut]

if you have a good insurance company and plan you will be fine.

Who covers mods? This is news to me. Granted there are some niche insurance companies that cover kit cars, mods, and the such but I haven't heard of any national company cover anything more than what you bought at the dealership.

Sponsored