CAR PAYMENTS - Mustang Evolution

Go Back   Mustang Evolution > Off Topic Forums > General Car Discussion



Reply
 
Thread Tools Search this Thread
Please support our sponsors and let them know you heard about them here!
Old 05-31-2014, 10:04 PM   #1
Registered Member
Regular
 
FullyAutomatic's Avatar
 
Join Date: Mar 2014
Location: Automatic
Region: Mexico
Posts: 941
CAR PAYMENTS

Ok summer is here and everyone is starting to take out there garage queens... I have a 2000 GT and I find myself breaking my neck looking at other peoples cars hah... Starting to realise its time to upgrade.
Me and My Gf are each in the market for a new car actually.
Me myself... I dream about a 2011 5.0
of course my current car is paid for and being a 2000 the insurance is pocket change!

How much a Month is your car payment on your new car and at what percent?
How much over sticker price will you have end up spent by the time the car is paid off?

just would like to have other peoples real life numbers in my head once I start looking into a bank loan or payments from a dealership .
Attached Thumbnails
Click image for larger version

Name:	ca50c3168013a2e6af280b1d9d3f4ef9_m.jpg
Views:	114
Size:	34.5 KB
ID:	158282  
FullyAutomatic is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 05-31-2014, 10:39 PM   #2
Registered Member
Regular
 
Ish416's Avatar
 
Join Date: Jul 2013
Location: Winchester
Region: Indiana
Posts: 1,211
My payment is $422 a month for 60 months. My interest rate through my bank is .9%. My credit score is over 800.

I'm not sure what the total payoff will be, I generally pay $550 - $800 a month, so the car will be payed off much sooner than the 60 months, I'm shooting for less than 36 months.
__________________
99 Chevrolet Camaro Z28 M6 - 6.676 @ 103 in 1/8, 10.512 @ 130.2 on street tires, H/C/I
93 Eagle Talon TSI AWD 5spd - Built 6 Bolt, 16G Evo3, HKS 272 Cams - under construction
Ish416 is offline   Reply With Quote
Old 05-31-2014, 10:40 PM   #3
Registered Member
Regular
 
Join Date: Mar 2014
Location: East
Region: Colorado
Posts: 30
Since we don't know your credit history rates mean nothing. Google loan calc and type in whatever price you think you'll pay and play with the rates and term. Could be anywhere from 0% on a brand new car to 9% on an older used one if you have terrible credit.

Mine could be $300 or $700 based on term alone.
__________________
-----------------------------------------------------------
2010 Sterling Grey Premium GT 3.73 axle 5spd
FRPP Cams, intake, TB and CAI
BBK LT headers, fuel rail and UD pullies
Hurst Shifter
Lowered with upgraded rear suspension
Galaxie64 is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 06-01-2014, 12:03 AM   #4
Registered Member
Regular
 
FullyAutomatic's Avatar
 
Join Date: Mar 2014
Location: Automatic
Region: Mexico
Posts: 941
Not sure if you guys use Equifax in America to view your credit score/history/reports but we do here.. I have an account and view it online.
My current score is 726.
I know it can range depending on the person the bank or the car lot.
Just curious what everyone else is living with lol

I know a couple guys at work driving new trucks with there truck payments and insurance they spend a min off 900 before fuel just to drive!.. I find that crazy
FullyAutomatic is offline   Reply With Quote
Old 06-01-2014, 12:31 AM   #5
Registered Member
Regular
 
UltArc's Avatar
 
Join Date: Sep 2012
Region: Ohio
Posts: 1,782
I put down 6k, for a 2012 v6 (new, right when 2013s came out) with appearance package (deleted stripe) and the 6 year warranty. Total payment to the dealer was right around 20k (A plan). Apparently my rate was much higher than I thought, at 3.99. Refinancing down to 2.89 at the moment, should be done Tuesday. My payment was 261 and change, but I pay 300 (the rest towards PRINCIPAL). 72 months and it's mine. Same length as the warranty, if anything goes wrong I pay $50 and they fix everything wrong. Seriously, they charge for the visit to fix everything, not the repairs. But that's why I buy Fords warranty.

Sent from my XT1049 using Mustang Evolution mobile app
__________________
2012 Mustang EPA: 19/29
2012 AeroStang: 40/46

My sponsor, Tokkyo Nutrition, offers 50% off your entire order with the code "PowerHouse"
UltArc is offline   Reply With Quote
Old 06-01-2014, 12:40 AM   #6
Registered Member
Regular
 
FullyAutomatic's Avatar
 
Join Date: Mar 2014
Location: Automatic
Region: Mexico
Posts: 941
interesting!.. That actually seems pretty smart!... warranty for the full length of your term.
Might have to look into that!.. I was going to do what Ish416 does witch is a shorter term and dump as much money as I can into it regardless of what my payment is... however I could live more comfortably paying a smaller fee knowing that if anything was to happen that its covered.. as if I had a short term warranty and something goes wrong.. well then I have a car payment and repairs to make. I guess it would come down to how much of a difference would you be paying with a 72 month term vs a 36 ... how much could you save going short term?
FullyAutomatic is offline   Reply With Quote
Old 06-01-2014, 10:11 AM   #7
Registered Member
Regular
 
UltArc's Avatar
 
Join Date: Sep 2012
Region: Ohio
Posts: 1,782
Keep in mind if you get a longer term you can still dump more money into it. Just pay it on the principal, and note the ETF of the loan. Mine is $150. Usually a shorter loan has a higher interest rate. With simple interest, it is calculated by day.

Sent from my XT1049 using Mustang Evolution mobile app
__________________
2012 Mustang EPA: 19/29
2012 AeroStang: 40/46

My sponsor, Tokkyo Nutrition, offers 50% off your entire order with the code "PowerHouse"
UltArc is offline   Reply With Quote
Old 06-01-2014, 10:32 AM   #8
Registered Member
Regular
 
KSconvert's Avatar
 
Join Date: Dec 2013
Location: Wichita
Region: Kansas
Posts: 424
Mine isn't too great of an example, because I was WAAAYYYY upside down on my trade in, but my payment is $494/month for 84 months (I know, it's awful) and 2.75%. That's with GAP coverage, 7 year extended warranty ($3k just for the warranty), and the leftover from my trade in. I usually pay around $550. Insurance is $106/month combined with my renter's policy through American Family, but I just turned 25 and am still single with no children, also have a squeaky clean record.
__________________
2014 GT MT aka: Ruffian-
3.73 gears, Roush AB, BBR O/R x-pipe, JLT intake, BMR panhard bar, BMR lowers and brackets, FRPP 47# injectors, Lund E85 tune, SR springs, MGW shifter, 416rwhp/393rwtq
KSconvert is offline   Reply With Quote
Old 06-01-2014, 11:18 AM   #9
Registered Member
Regular
 
UltArc's Avatar
 
Join Date: Sep 2012
Region: Ohio
Posts: 1,782
3k? That seems high for it. It was only 900 for the 6 year.

Sent from my XT1049 using Mustang Evolution mobile app
__________________
2012 Mustang EPA: 19/29
2012 AeroStang: 40/46

My sponsor, Tokkyo Nutrition, offers 50% off your entire order with the code "PowerHouse"
UltArc is offline   Reply With Quote
Old 06-01-2014, 11:21 AM   #10
Registered Member
Regular
 
KSconvert's Avatar
 
Join Date: Dec 2013
Location: Wichita
Region: Kansas
Posts: 424
Gap coverage cost around that much, but every extended warranty I've had has been over $2k.
__________________
2014 GT MT aka: Ruffian-
3.73 gears, Roush AB, BBR O/R x-pipe, JLT intake, BMR panhard bar, BMR lowers and brackets, FRPP 47# injectors, Lund E85 tune, SR springs, MGW shifter, 416rwhp/393rwtq
KSconvert is offline   Reply With Quote
Old 06-01-2014, 11:34 AM   #11
Registered Member
Regular
 
FullyAutomatic's Avatar
 
Join Date: Mar 2014
Location: Automatic
Region: Mexico
Posts: 941
yeah same here no kids just a gf who pays her side of everything!
so all my money is my money basically hhaha that's why I decided I
should just get the mustang I really want. Justified it by looking at my friends with kids and wife's who tell them no... I really don't have anything to spend my money on so I save ALOT of it.. time to spend some and be happy
FullyAutomatic is offline   Reply With Quote
Old 06-01-2014, 11:56 AM   #12
Registered Member
Regular
 
kmm316's Avatar
 
Join Date: Jun 2014
Location: New Orleans
Region: Louisiana
Posts: 28
As far as getting a good deal on a extended warranty goes you can do what I did on my stang and my wife's fusion and every other car I've bought... When it comes time to sit in finance office pull out your phone and go to this site http://www.lombardfordwarrantys.com . Its for a ford dealership that sells them online and its the exact same ford extended service plan that they will try to sell you for 3k. Put in your vehicle info and the warranty you want... Mine was $100 deductible, 7yrs, 75k miles for $1395. The dealership agreed to match it for us. If they don't, which I've never seen before as they would rather get your money, walk away and buy it through the website, like I said its the exact same warranty your dealer is selling and they allow you to pay it for 12 months interest free. Can't beat that and it works every time. They realize your not a dumb *** willing to pay full price. As far as GAP goes I got them down to $600, act like you don't want. This system worked for me every time and I've gone through a bunch of cars over the last 5 years not just fords.
kmm316 is offline   Reply With Quote
Old 06-01-2014, 12:38 PM   #13
Registered Member
Regular
 
mustangz's Avatar
 
Join Date: Aug 2013
Location: Virginia
Region: Virginia
Posts: 4,575
Our monthly is about 320 for 60 months, 2.9 APR (We should have gotten 1.9, but that's why they call dealers a stealership)

Sent from my SAMSUNG-SM-G900A using Mustang Evolution mobile app
__________________
2013 GT Premium, Red Candy Metallic, Recaro seats, Electronic package, Strut tower brace, Sway bars, SHR flush mounted window louvers, RTR street-spec axleback exhaust, Ford Racing Boss 302 Side Exhaust, RTR wheels, 50/35% Window tint, Steeda black shorty antenna, and Ford OE Matte Hood Vents.
mustangz is offline   Reply With Quote
Old 06-05-2014, 08:28 AM   #14
Registered Member
Regular
 
Join Date: Jan 2014
Posts: 67
I pay 468 a month for my 2011. Financed through Ford at 0.9 for 60 months. Bought as a CPO car so I got the 100k power train warranty. Put down 3k car cost 27k.

Sent from my SCH-I545 using Mustang Evolution mobile app
5.0FRDPWR is offline   Reply With Quote
Old 06-05-2014, 08:25 PM   #15
Registered Member
Regular
 
Join Date: Jun 2014
Location: New York
Region: New York
Posts: 122
Paying $357 a month for 60 months, 2.64% APR, though I'm trying to pay double that a month, trying to have my baby paid off in 3 years or less hopfully.
kanine is offline   Reply With Quote
Reply

Lower Navigation
Go Back   Mustang Evolution > Off Topic Forums > General Car Discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Possible to make payments on a car without having a job? FortyBrandon General Car Discussion 12 07-13-2013 07:13 PM
No more car payments yay! sonic04edge The Bar 11 09-08-2010 01:28 PM
If i put $4000 down for a car how much will the payments be? montrell General Car Discussion 4 03-19-2010 02:16 AM
Payments to much so I'm trading my Cobra for a 99 Camaro SS JROC The Bar 11 04-02-2007 08:24 PM

» Like Us On Facebook



10:36 PM


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0

MustangEvolution.com is in no way associated with or endorsed by Ford Motor Company.