Should I buy it?

[random155]

Found a 2015 premium performance pack. Car has 47k miles on it and I can get it for 22k. I checked it out and it looks great, drives great. Only thing it needs are rear tires and two wheels a little bit of rash. What are your opinions on used 2015 mustangs and does that price seem like something I should "jump on" Thanks in advance for opinions.

Can someone edit threat title to "buy" not "but" lol sorry.

Sponsored

 

[66Bronc1]

If you are going to finance you may want to look at interest rates on a used car versus new. Rates are typically lower on a new car than used. My son end up buying a brand new Nissan Versa instead of a used car (he bought the base, lowest price one the had with manual transmission) and with rebates- college student graduate, etc. it was cheaper for him to buy new. Plus there may be expenses on a used car- it might need a few things- maintenance such as new belts, tune up, fix the wheels, new tires, fluid changes that you will need to incorporate into the price.

I'd pursue both used and perhaps a base new one and determine which one is better for your budget.

 

[Zelek]

No one can really help your decision making on this but you. If you've worked the numbers and you can make it work, then if it makes you happy, do it. We don't know your financial situation. Typically, if you're already looking at squeezing a monthly payment in, that's not a good sign especially if you're getting a high interest rate.

Also, you don't know how the previous owner drove the car. Just because it has no damage doesn't mean they didn't redline the car every day. I would never buy a GT used personally.

 

[random155]

Thanks for the feedback so far. Yeah interest is high, 5.39%. Im pretty dead set on premium performance pack so buying new is about double what i'd pay for this used one. New is pretty much out of the question. Im very responsible with my money but this has been tugging at the heart strings and Ive been battling the fun thing to do vs the responsible thing to do. We all know I don't NEED the car but still, we all know why we get these cars.

 

[Nagare]

Don't forget to budget for insurance, gas, and mod itch.

If you're getting from a lot, see if you can get them to swap the tires for you too. A higher tread used tire would probably still be an improvement over needing to replace right away.

 

[Spork3245]

Don’t strain yourself. Save longer for a bigger down payment, these cars aren’t going anywhere and depreciation will get better.

 

[MX5Racer]

So far the general advice here is "probably not" and I'd have to agree. It's real easy to keep reading the forums and eventually justify yourself into a bad decision. One bad unforeseen financial set back would sink you. The true tell on that was your statement of "making a few sacrifices". If your selling off your troll collection and cancelling your jelly of the month membership then fine. But if your going to start eating ramen noodles just to drive a car, its probably not the right time. If you want the thrill of zipping around in a sports car, consider a used Miata MX5 for now. They can be had for cheap (great 2nd car, keep the truck), extremely modifiable, tons of clubs in NJ/NY and you can offload them pretty quick when its time to get your GT.

 

[NoVaGT]

Stop trying to get others to justify your decisions.

YOU have to decide, no one else.

 

[random155]

To be quite honest I’m not looking for anyone to justify my decision. I can handle that on my own, thanks. What I’m looking for is this car worth jumping on due to price and options. However i do value others opinions because I understand that i don’t know everything and welcome feedback.

Stop trying to get others to justify your decisions.

YOU have to decide, no one else.

 

[TripleB]

so much wrong with this post

determining whether to buy a car based on monthly payment
hoping that a "potential" raise in 2019 will make it better
blowing taxes to buy a clapped out 2015 mustang

yikes bro

 

[SheepDog]

Ford was recently offering 0% financing on outgoing 2018 models, might want to look into that. I agree with Zelek, I would never buy a used GT, Camaro, Challenger etc. people buy these cars to drive them hard, and generally don't keep up with the necessary maintenance to go along with the constant flogging.

 

[Nomadic]

That interest rate sucks. Would end the decision for me right there.
Also that price with that mileage on a '15 isn't anything close to a "once in a lifetime deal".
I'd pass for sure unless you can get a better rate, pay cash, or buy new with a super low rate or cash.

 

[random155]

That interest rate sucks. Would end the decision for me right there.
Also that price with that mileage on a '15 isn't anything close to a "once in a lifetime deal".
I'd pass for sure unless you can get a better rate, pay cash, or buy new with a super low rate or cash.

Thank you

 

[random155]

so much wrong with this post

determining whether to buy a car based on monthly payment
hoping that a "potential" raise in 2019 will make it better
blowing taxes to buy a clapped out 2015 mustang

yikes bro

Not really contributory... looking for advice on buying a car not life lessons “bro”.

 

[Deleted member 35786]

So far the general advice here is "probably not" and I'd have to agree. It's real easy to keep reading the forums and eventually justify yourself into a bad decision. One bad unforeseen financial set back would sink you. The true tell on that was your statement of "making a few sacrifices". If your selling off your troll collection and cancelling your jelly of the month membership then fine. But if your going to start eating ramen noodles just to drive a car, its probably not the right time. If you want the thrill of zipping around in a sports car, consider a used Miata MX5 for now. They can be had for cheap (great 2nd car, keep the truck), extremely modifiable, tons of clubs in NJ/NY and you can offload them pretty quick when its time to get your GT.

^^^ Could not agree more.

Did you factor the increase in car insurance, gas, possible repairs and maintenance?
Can you or do you have an emergency fund stashed away for unforseen circumstances? Shit happens all the time!!!
Interest rates are high, unless your a credit union member..
Shop around and take your time, look out of state etc.. Have the car inspected prior to purchase!!!
Do not rush, there will always be good deals. You just need to wait for them. (Prices climb in spring/summer due to demand).

And as another poster said, stop looking on the forums to justify your buying decision.. You make the choice, if you screw up then deal with it. That is how we all learn.

Sponsored