Used 2015 Gt vs new one

[Texican1911]

We took one on trade with 900 miles on it, guy bought a truck. Said he didn't realize how "impractical" the Mustang would be. My thought was, if you needed a truck, how did you not have a clue it would be less adept at truck-type stuff?

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[Socalmustang]

I'm the type that can never buy anything used.

Buy new and have mind of peace.

 

[BadGTR]

As one member already said, go with 0% interest on a 15. There are dealers that will sell you a 15 for $1000 under invoice, then a $1000 rebate from Ford Credit along with 0% interest for 72 months. That is going to be about $5000 under MSRP on a premium. Pretty damn good deal.

 

[Blk2015GT]

Who said OP was financing? People keep saying 0%, but some of pay cash and then 0% means nothing. A few thousand off the cost going used may more important. You could probably save $5k going used.

Also, some people simply can't/don't qualify for financing. Some people simply don't want the hassle of another monthly bill.

I wouldn't finance even at 0%; rather pay up front, which I did, and no monthly bill worries for the next 5-6 years. Made no sense to drag it out and worry about another monthly bill getting there.

 

[ViolentDreams]

Buy the used one only if its a Certified Pre Owned car, that way you get a better warranty than new (7 year 100k powertrain), thats what I did with my car.

 

[Blk2015GT]

Buy the used one only if its a Certified Pre Owned car, that way you get a better warranty than new (7 year 100k powertrain), thats what I did with my car.

I think they're all certified preowned if you buy them from a Ford dealership being that new (can't be more than a year old)? It still has the factory warranty.

 

[Hack]

Buy the used one only if its a Certified Pre Owned car, that way you get a better warranty than new (7 year 100k powertrain), thats what I did with my car.

Yeah the 7 year 100k powertrain is a great warranty for those who are scared to buy a used car. I had that on a 2011 GT I owned for about 11 months. Great car!

I think car people who can afford it sometimes are flighty with cars. I'd like to drive one of everything if I could afford it... And I'm another person with a 2015 GT who is buying a GT350. Just like a GT, but with the volume turned up to 11!

 

[Khyber]

Who said OP was financing? People keep saying 0%, but some of pay cash and then 0% means nothing. A few thousand off the cost going used may more important. You could probably save $5k going used.

Also, some people simply can't/don't qualify for financing. Some people simply don't want the hassle of another monthly bill.

I wouldn't finance even at 0%; rather pay up front, which I did, and no monthly bill worries for the next 5-6 years. Made no sense to drag it out and worry about another monthly bill getting there.

I think the opposite. why blow all that cash when it's interest free. It's like ford helping you out every month to make the payment because of no interest. You aren't paying any additional money. If you pay cash you just piss it away on a depreciating asset up front with nothing to gain. Then when the day comes you need that money and you don't have it because you threw it away on a car. Just makes more sense to me to keep that that cash throughout 6 years and use it when you need it for a rainy day than to throw it all away. Unless you just got $40k to sling around multiple times or have that much liquidity it doesn't effect you but lets be real that is a very small segment of the population that can do that. Just throwing $40k on a car makes no sense to me. Much smarter to invest it something like real estate if you have to spend it. I understand everyone is different though.

also not many people got 40k cash and bad credit either... lol you can get 0% with credit score in the 600s which isn't hard to obtain or get unless you just had unfortunate circumstance which couldn't be avoided which happens...but if you got bad credit one could argue why are you buying a 40k car then instead of paying bills and getting that credit up instead of having this rediculous interest rate because of the bad credit. Eh everyone will say something different.

Oh, No one said you couldn't pay it off early either.

 

[ViolentDreams]

I think they're all certified preowned if you buy them from a Ford dealership being that new (can't be more than a year old)? It still has the factory warranty.

Correct, I was just making that known, and CPO extends the factory warranty.

 

[foghat]

I think the opposite. why blow all that cash when it's interest free. It's like ford helping you out every month to make the payment because of no interest. You aren't paying any additional money. If you pay cash you just piss it away on a depreciating asset up front with nothing to gain. Then when the day comes you need that money and you don't have it because you threw it away on a car. Just makes more sense to me to keep that that cash throughout 6 years and use it when you need it for a rainy day than to throw it all away. Unless you just got $40k to sling around multiple times or have that much liquidity it doesn't effect you but lets be real that is a very small segment of the population that can do that. Just throwing $40k on a car makes no sense to me. Much smarter to invest it something like real estate if you have to spend it. I understand everyone is different though.

also not many people got 40k cash and bad credit either... lol

Oh, No one said you couldn't pay it off early either.

Most likely anyone paying cash for a new car is not blowing all they have on it and is in no danger of not having some for a rainy day.

You need to take into account the price difference between the new car and the used one. Obviously if they were the same price it would make sense to finance new at 0% But the prices won't be the same. And this is where you'd need to do the math to see which route makes the most sense.

I do tend to agree though, if you are buying new and can pay cash, not much sense in doing that if ford is giving you a 0% loan - assuming you are responsible enough not to blow it and not have money to make the payments. Which, depending on how one came into the money in the first place, could be a very real possibility.

 

[PRG3k]

How specific is the 'exact' car you want? Most of the low hanging fruit has been picked over by now and it could be much harder to find a new one still hanging around that matches your criteria.

It also depends on the deal. A few months ago, used S550's were still going for MSRP! Mine is a CPO that had 3,000 miles on it. Saved about 7,000 bucks off what it would have been brand new at MSRP. Koons Ford in Sterling (one of the hottest movers on the East coast) wanted close to 27,000 out the door for a stripper Ecoboost and that was with the 1000 off and zero percent financing. I may have gotten them down to 26K. Instead I paid 3K more and got every damn option except adaptive CC and got a longer warranty. Also a Race Red, Ebony, 201A, PP, Enhanced Security, Rear Park Assist/Cross Traffic, 6MT was almost nowhere to be found brand spanking new.

The current 0% deal is awesome but as a result a lot of dealers will not go as low with the initial price of the car as some would before. Some of the same cars are going for 1 or 2 grand more than what you could've gotten them for 6 months ago.

And a little flogging of the car for the first few thousand miles is something people LOVE to overreact to. Its maintenance neglect that is the bigger problem and that's pretty hard with a car with a few thousand miles that's just been given an oil change and an inspection while sitting on a Ford lot.

 

[Khyber]

Most likely anyone paying cash for a new car is not blowing all they have on it and is in no danger of not having some for a rainy day.

You need to take into account the price difference between the new car and the used one. Obviously if they were the same price it would make sense to finance new at 0% But the prices won't be the same. And this is where you'd need to do the math to see which route makes the most sense.

I do tend to agree though, if you are buying new and can pay cash, not much sense in doing that if ford is giving you a 0% loan - assuming you are responsible enough not to blow it and not have money to make the payments. Which, depending on how one came into the money in the first place, could be a very real possibility.

oh I agree. if the used deal is that good to where it's still cheaper than the 0% then yeah! Seeing as to what used 2015s are going for which is kinda high. Just looking quickly some used ones out there going for as much as I bought my car new in jan .

it's gonna be close with a chance 0% still beats it out unless like you said the used is a big difference in price.

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