2006 gt trade in? - Mustang Evolution

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Old 07-27-2013, 01:44 AM   #1
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2006 gt trade in?

Hello all, this is my first post so go easy on me.

Ive got a 2006 gt with 60k miles on it, manual trans, simple bolt on mods, etc. I'm the second owner but id really like to trade it in for an 11-13 gt used or new.

Has anyone done this before? What did it entail?
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Old 07-27-2013, 01:45 AM   #2
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I have an 05 and I thought about trading mine in but for the extra cost u could do internals and supercharge it for more hp then the 5.0 just a thought
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Old 07-27-2013, 01:52 AM   #3
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I just love the new look and sound of the 5.0's

I'm a sophomore in college so i'm pretty new to the financial side of things. And I figured If i'm gonna do it, I better do it now before real life comes. LOL
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Old 07-27-2013, 01:59 AM   #4
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Welcome. And do it. You'll love the new gt's

Might as well do it now while you dont have much prior obligations like a lot of bills
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Old 07-27-2013, 02:15 AM   #5
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How would I go about doing so? What kind of down payment should I expect?

Should I just show up at the dealer and ask this stuff?
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Old 07-27-2013, 02:24 AM   #6
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Yes lol.


Depends what you get, how much your trade is valued, your income and all that. Just ask a dealer
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Old 07-27-2013, 02:27 AM   #7
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And your credit is a major factor depending on your credit score determines the amount of interest you pay on your loan
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Old 07-27-2013, 02:31 AM   #8
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+1. Forgot that major component. Unless you're rich and able to pay in full lol
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Old 07-27-2013, 04:28 AM   #9
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Don't trade it in. Sell it privately
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Old 07-27-2013, 06:03 AM   #10
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By the very fact that you are asking all these questions makes me think you will be in for quite a shock. The value of your current car should suffice for the down payment. Good luck.
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Old 07-27-2013, 06:52 AM   #11
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Is your current car paid in full, or are you still making payments on it? If you do still owe money on it. You need to see what the dealer is going to give you for it to make sure it covers the remaining amount owed and down payment, also young guy with a 2011-2013 gt.. insurance maybe an issue. I would call your insurance company and get a quote from them before I made any committment too.
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Old 07-27-2013, 07:23 AM   #12
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^^This
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Old 07-27-2013, 11:11 AM   #13
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Koasho has a point.i was in the same boat as you.i have a 10gt premium.now alot of ppl will talk mess cause i have the new body style same 4.6 engine but I have the war in both worlds.i wanted to trade in for a 5.0 but my insurance would be higher by atleast 50 bucks give or take a lil more.but since I have other bills I'm happy where I'm at for now till I find a second job.but what koasha said depends on that and your credit
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Old 07-27-2013, 01:42 PM   #14
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thank you all, and yes the car is paid off and my credit is good, insurance is already high so I'm thinking I'm just gonna keep it and do a GT500 conversion (just the exterior)

looks to be a much cheaper route anyways.
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Old 07-27-2013, 02:17 PM   #15
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Quote:
Originally Posted by GT330 View Post
thank you all, and yes the car is paid off and my credit is good, insurance is already high so I'm thinking I'm just gonna keep it and do a GT500 conversion (just the exterior)

looks to be a much cheaper route anyways.
Sounds like a plan.besides having a car payment again...yea I'm sure you don't want that again.i know I don't but only have a few yrs left.im just going to build her up slow from full exhaust exterior suspension then move into her engine then supercharge her.all in time
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Old 07-27-2013, 06:19 PM   #16
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thank you all, and yes the car is paid off and my credit is good, insurance is already high so I'm thinking I'm just gonna keep it and do a GT500 conversion...

Sounds like you are thinking. When I bought my GT, my insurance went up $50/month and my payments are $750/month and I'm old.
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Old 07-30-2013, 05:17 PM   #17
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There are many factors to consider. Depending on where you live, an 06 mustang GT with that many miles will get you about $10,000-$11,000 on trade in value. You'd be better selling it privately. If you add a $5,000 down payment on top of the trade in, you will still see a monthly payment of about $400-$500 @60 months. Of course this is an estimate and depends solely on your credit score. Also, for every $1,000 down payment you put down, your monthly bill is reduced by $20 a month only. No more, no less. Insurance on a newer mustang from 06 to 11-13 is estimated below.
Gieco +$45, $50, $65
Esurance +$55, $65, $78
All State + $57, $62, $70
This is if you have perfect driving record. Keep in mind these are +/- a few dollars depending on where you live.

---------- Post added at 03:17 PM ---------- Previous post was at 03:15 PM ----------

Also, if you traded it in for $11,000. They will sell it for about $22,500. Kinda sucks!!
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Old 08-11-2013, 12:41 PM   #18
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Wow, as late as I am to reply here that's a lot of great info! I've thought it over and I think I'm just gonna go for the gt500 bumper conversion and the venom style hood love the look. Not gonna do any snake badges or anything though. Not trying to fool anyone, just love the look.

---------- Post added at 01:41 PM ---------- Previous post was at 01:38 PM ----------

And before I get any flak for wanting to do this. I should mention that I already have a vortech centri supercharger on the way
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Old 08-11-2013, 01:57 PM   #19
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That's a great plan you have for your current stang. So give it the
look you want and the supercharger and wham. ...... "No Payments"

Please keep us updated and post pictures when you can.

Best of Luck
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