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Old 01-13-2013, 04:36 PM   #1
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Tips on Buying a New Car

Hey guys, over the last few months i've saved up a nice chunk of cash and i plan on buying a new Mustang. I'm AIMING towards either a 99 or an 01 cobra. But i'm not opposed to getting a lower milage GT either. I plan on buying Private party, because In my experience you end up paying way too much at a dealer an it's taken me what seems like forever to save up. So i'm trying to get the MOST car, for the LEAST cash. Lol

I'm looking for tips on What too look for in these cobras, questions to ask the owner, things i should watch out for, ect. I've been looking around and the market suggests around $10,000 for an 01 with 60k to 70k miles. Any tips on negotiation tactics is appreciated as well. I have NO idea where to start.

Generally what i'm looking for is General car buying tips that anyone can use in order to avoid buying a clunker, or way overpaying for a car.
Also any insider info from Cobra owners on the 99's and 01's is appreciated!!!
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Old 01-13-2013, 05:06 PM   #2
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someone is selling their yellow cobra for 8500 obo i think on this forum
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Old 01-13-2013, 05:10 PM   #3
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Yeah, i was monitoring that thread like a hawk. But i'm way up north. trying to find something relatively close maybe at most a state over. If i had the means to take a look at it i would, lol
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Old 01-16-2013, 01:22 PM   #4
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Check what the car is worth on kelly blue book, you enter the miles, condition and specs and it gives you a value for private party sellers. Also check the car for any body damage, look at the frame under the hood and check if its all straight. measure from corner to corner it should equal the same number. If the car was it in a front end crash the frame would ne pushed back and the numbers wouldnt match. Then check the motor open the hood and let it run and make sure there are no unusual sounds, check all the fluids and colors of the fluids. Then take it for a test drive make sure it s running smoothly, no sounds or squeaks or grinds. Also ask to see the pink and if its in there name... you dont wanna buy a stolen car.. if there is anything wrong with the car then the price will go lower then bluebook value.. kbb usually gives you different prices for great, good and bad condition and thats what i do
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Old 01-16-2013, 03:26 PM   #5
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If you looking at a 99 Cobra make sure that it has the recall done. I believe it will have a blue dot on one of the heads if it has been done. Look for frame damage and check to see if the body panels all line up. Also the Corba IRS is notorious for a clunk when shifting. If it's a mild clunk it can be fixed if it's a major clunk.....pass.
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Old 01-16-2013, 03:43 PM   #6
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Get a mechanic and have them look at the car before you give them the $. And If the seller trips about you having someone look at the car I wouldn't touch it.
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Old 01-16-2013, 04:10 PM   #7
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Many shops will do a "pre-purchase vehicle inspection" 4 you for about $150. They check over the entire car including all your fluids, brakes, transmission , etc. Actually had mine done at a tire shop.I think it's very well worth it and seller should have no problem with it or somethings fishy.
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Old 01-16-2013, 07:28 PM   #8
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I say spend the money and get a car fax

We did my car and had all the service records for the first owner since off the lot and the second owner
Very very helpful well worth the money I think
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Old 01-16-2013, 10:41 PM   #9
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Quote:
Originally Posted by fomoco4life
Many shops will do a "pre-purchase vehicle inspection" 4 you for about $150. They check over the entire car including all your fluids, brakes, transmission , etc. Actually had mine done at a tire shop.I think it's very well worth it and seller should have no problem with it or somethings fishy.
Usually accurate and trustworthy.

Quote:
Originally Posted by 03torch
I say spend the money and get a car fax

We did my car and had all the service records for the first owner since off the lot and the second owner
Very very helpful well worth the money I think
carfax is a scam business. Discussed in detail in other threads.
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Old 01-16-2013, 10:48 PM   #10
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Quote:
Originally Posted by PonyBoyV6 View Post
Hey guys, over the last few months i've saved up a nice chunk of cash and i plan on buying a new Mustang. I'm AIMING towards either a 99 or an 01 cobra. But i'm not opposed to getting a lower milage GT either. I plan on buying Private party, because In my experience you end up paying way too much at a dealer an it's taken me what seems like forever to save up. So i'm trying to get the MOST car, for the LEAST cash. Lol

I'm looking for tips on What too look for in these cobras, questions to ask the owner, things i should watch out for, ect. I've been looking around and the market suggests around $10,000 for an 01 with 60k to 70k miles. Any tips on negotiation tactics is appreciated as well. I have NO idea where to start.

Generally what i'm looking for is General car buying tips that anyone can use in order to avoid buying a clunker, or way overpaying for a car.
Also any insider info from Cobra owners on the 99's and 01's is appreciated!!!
get an 02 cobra. that's when they started supercharging them!
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Old 01-16-2013, 10:56 PM   #11
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Originally Posted by Crowned1

get an 02 cobra. that's when they started supercharging them!
I think you mean 03? That's when they started the "Terminators". 02 Cobras were very limited in production and only available in Australia. But the 03's are well above his $10k price range.
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Old 01-16-2013, 11:20 PM   #12
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Originally Posted by 98StangKid View Post

I think you mean 03? That's when they started the "Terminators". 02 Cobras were very limited in production and only available in Australia. But the 03's are well above his $10k price range.
no. they started supercharging cobras in 02 and yes the 03 and 04s are called termis
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Old 01-16-2013, 11:23 PM   #13
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Quote:
Originally Posted by Crowned1

no. they started supercharging cobras in 02 and yes the 03 and 04s are called termis
No disrespect, but a 2002 Cobra was not supercharged. Only 2003 and 2004s were.
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Old 01-16-2013, 11:29 PM   #14
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No disrespect, but a 2002 Cobra was not supercharged. Only 2003 and 2004s were.
none taken...

http://www.carmemories.com/cgi-bin/v...erience_id=412
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Old 01-16-2013, 11:38 PM   #15
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I'm telling you man.. Lol. There's even a guy on here with one.. They had the same engines as the 99/01.
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Old 01-16-2013, 11:46 PM   #16
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Badda bing
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Old 01-17-2013, 08:08 AM   #17
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I'm telling you man.. Lol. There's even a guy on here with one.. They had the same engines as the 99/01.
buttttt they did
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Old 01-17-2013, 10:49 AM   #18
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for new you need to find out invoice price (and invoice price of options you want or all options to compare)

You need to find out current rebates. This is both dealer and buyer rebates, dealer sometimes gets rebates you dont know about for selling a given car so they can negotiate further at times

If you buy towards the end of the month when the sales guys are trying to meet quota or pick up slack for pay checks you can sometimes get a better deal

Being nice, polite, but confident in what you want, how you want it, and what its worth (research) is a great way to go

Finding the same car at two dealerships, having both give you their best quote and then go with the one who will beat the other the best. The dealership I used said they would beat it by 200 bucks. YOU MUST ALWAYS get an ITEMIZED document from the dealer for the vehicle so you can use it as leverage if they other dealership comes back and says "oh they just didnt do this or that but their price and ours is the same" etc this saved me 200+ bucks

Buying year end models can help as well

If you order a car new from a dealership they may give you a better deal since they dont have to stock it, you just sign for it when it comes in.

If they dont have it but another dealer does then the original dealer gets the kick backs so most wont give you as good of a deal when they pull from another dealer
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