Game plan for purchase

[Hashbrownn]

is X-plan the only way to get discount? that is a employee/family discount, correct? I'm guessing everyone talking about the X-plan has friend or family working with Ford? What kind of discount is offered for MCA members?

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[Nate408]

MCA members get X-Plan... You can get a X-Plan PIN 60-days after joining MCA for $50 a year. I joined a few weeks ago for that reason.

 

[RedFive]

Typically, the dealer wants to sell you something off their floor/lot.

If you order a car, it doesn't take up space, or sit on their lot, so the car has little cost to the dealer. But, there is no price difference if you order, or buy off lot. But.. that Dealer might personally offer a discount to take a car out of their inventory, otherwise you can just order one.

They can't charge you more, because you are ordering one... they just are not going to discount or work a deal. If you get A-plan, it best to order and get what you want.

Thanks for the info, I was hoping it would be something like that!

 

[Hashbrownn]

how much discount can you expect off of the MSRP with the X-plan? I may join MCA for the same reason.

 

[2016S550]

how much discount can you expect off of the MSRP with the X-plan? I may join MCA for the same reason.

INVOICE x .4 + INVOICE PRICE AND A SMALL ADMIN FEE (est $100.00), from what I understand.

It is explained in the benefits section of MCA on the website

 

[mustanghobo]

Hi guys! I've always been an admirer of the mustang legacy and am going to try everything i can to try and get a gt around december/january.

I recently financed my 1st car on my own, a 2013 scion fr-s, mostly because I knew the new mustang was around the corner and I knew it would be THE mustang to get. I've been waiting 10 yrs for the redesign with IRS.

Anyways, anyone think it'd be feasible to trade in my fr-s with 0 down and still be able to walk out with a base gt with leather and not get poked in the eyes too bad?

 

[JonnyMustang]

Hi guys! I've always been an admirer of the mustang legacy and am going to try everything i can to try and get a gt around december/january.

I recently financed my 1st car on my own, a 2013 scion fr-s, mostly because I knew the new mustang was around the corner and I knew it would be THE mustang to get. I've been waiting 10 yrs for the redesign with IRS.

Anyways, anyone think it'd be feasible to trade in my fr-s with 0 down and still be able to walk out with a base gt with leather and not get poked in the eyes too bad?

How's the market for used FR-S's? Alot of cars can get upside down pretty quickly if you didn't pay any down or had negative equity rolled in. Was this the case on your FR-S?

Also, only a GT Premium comes with leather. Right now, that's $586 a month after a $1,000 rebate, 0% APR and at 60 months. No way you're getting that on a 2015 Mustang GT Premium.

 

[COYO TT]

Hi guys! I've always been an admirer of the mustang legacy and am going to try everything i can to try and get a gt around december/january.

I recently financed my 1st car on my own, a 2013 scion fr-s, mostly because I knew the new mustang was around the corner and I knew it would be THE mustang to get. I've been waiting 10 yrs for the redesign with IRS.

Anyways, anyone think it'd be feasible to trade in my fr-s with 0 down and still be able to walk out with a base gt with leather and not get poked in the eyes too bad?

Depends on what you owe on the FRS. Remember, the dealer is going to offer you about 3k less than what they plan to sell the FRS for. I would try to sell it on your own, take any profit and use it down towards the mustang.

 

[JonnyMustang]

Depends on what you owe on the FRS. Remember, the dealer is going to offer you about 3k less than what they plan to sell the FRS for. I would try to sell it on your own, take any profit and use it down towards the mustang.

Seeing how the FRS is a desirable car and has a pretty decent fan base, this might be your best bet. A dealership doesn't care really, so you'll always get more by selling it yourself.

 

[dogiebitt]

Hi guys! I've always been an admirer of the mustang legacy and am going to try everything i can to try and get a gt around december/january.

I recently financed my 1st car on my own, a 2013 scion fr-s, mostly because I knew the new mustang was around the corner and I knew it would be THE mustang to get. I've been waiting 10 yrs for the redesign with IRS.

Anyways, anyone think it'd be feasible to trade in my fr-s with 0 down and still be able to walk out with a base gt with leather and not get poked in the eyes too bad?

Keep in mind, some states allow you to pay tax on post-trade-in value. Using Florida as an example, in my area tax is 6%. So financing a $40k car by trading in an FRS for $23k means you only finance $17k and pay $1020 in taxes ($41020 total car price before title fees).

But say you sell the FRS outright for $25k(+$2000 than trade in), then use that as down payment on car. So you are still buying a $40k car, putting down $25k, and financing only $15k. But paying $2400 in taxes. Making total car price $42400.

Also, another thing to keep in mind is your interest rate. If your interest rate on the new $40k loan is really high, then the savings of $1380 by trading in vs. selling private might be nullified because in the second example you pay $1380 more up front, but potentially save double that in interest payments by cutting the amount financed by $2000.

If you have any accountant friends, talk to them before you sign on the dotted line. Weigh both options.

(Just a rough estimate... $17000 loan at 8% interest at $344 per month is about $3681 in interest over life of the 60 month loan)
http://www.thecalculatorsite.com/finance/calculators/carloancalculator.php

 

[mustanghobo]

Thanks for the replies guys!!

I have a loose gameplan in mind, not going to force trying to get one if its not in my ball park financially.

I am curious though, if I decided to keep the mustang forever, would the 15 be worth more than the 16 if it remained stock?

 

[Free Agent]

Thanks for the replies guys!!

I have a loose gameplan in mind, not going to force trying to get one if its not in my ball park financially.

I am curious though, if I decided to keep the mustang forever, would the 15 be worth more than the 16 if it remained stock?

Don't think of a car as an investment unless you are going to buy it put it away undriven for 30 to 40 years and even then you aren't guaranteed to get your money back. Buy it to ENJOY it. Then restore it down the road if it is worth anything to people in 2050.

 

[mustanghobo]

Don't think of a car as an investment unless you are going to buy it put it away undriven for 30 to 40 years and even then you aren't guaranteed to get your money back. Buy it to ENJOY it. Then restore it down the road if it is worth anything to people in 2050.

That's exactly what I plan on doing! I meant more in the event that I restore it way down the line, would the significance of it being the 50th anniversary instead of 51st have any collectible value? IMO, seeing a 50th anniversary seems more desirable than say 30th,40th. Maybe its just me.

 

[JonnyMustang]

You also have to remember that the culture is different. The 60's mustang is such an iconic part of Americana, that it tugs at the hearts of a lot of people. Will the 2015 do the same in 40 years? Maybe, the Mustang culture isn't as strong though. The value is so high right now because those original owners are getting into their golden years and can afford the fully restored, numbers matching cars. In an age where econoboxes and foreign cars are so prevalent, will you see the value of the current ones?

Hard to say. I say at least keep it a weekend cruiser. Get a convertible, it'll help you keep it that way so you won't be as tempted in the winter.

 

[Backorder]

I'm more interested in the upcoming GT350. My problem now is that we have little info on that. I'm hoping sometime next year for orders to open but will they put an insane sticker on it like I hear of some of the new dodges coming out? I'm a buyer for 50-55ish anyone think I am way off? What is the process? I've seen some people saying they have already gone to the dealership to get there name down for first availability...is this something I should do as early as possible? How does the buying process even work? I put a small payment in, order it then pay and or finance after it's delivered? I plan on putting an order in the day it opens, unfortunately it's probably a ways off...


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