more expensive route..

N8Legarda · May 20, 2010

As some of my posts will show I am in the running for a new GT thumbsup But by the time i find a nice clean one, its already sold because someone saw it in person already etc. My budget is around 5k, but i just brought up the idea of maybe going higher like 6,7,8,9 k and putting the 5 k down and financing. I have NO idea how that would work. Small loan then finance it after? If i buy dealership they would probably set something up. But do you think thats a better route? Spend more get more imo..

i know you guys will say Cobra, as i am thinking as well... but how much more is the cobra vs. gt on insurance roughly?

and moved DropTopPony

DropTopPony · May 20, 2010

If you have 5k to put down then you will have no problem getting a loan on a car in the 9-10k range since you will have at least 50% equity down.
It will also be good for getting your credit established.

Try and find a nice Cobra and I doubt insurance is going to be that different between Cobra and GT since they are 13+ years old now.

N8Legarda · May 20, 2010

First off idk how the first post was in classifieds.. haha.

Well I am finding some reaaaaaaaallly nice GT's like 70k miles and less, immaculate leather, and then cobras like 100k+ miles but i guess thats given. I am 17, so my mother would be the one getting the loan, and she said it actually seems like a good idea. My dad says the whole, "Don't worry about the quote I just want you to get a car you really like" I know he will cringe if cobra costs more but i mean he did say go for it

And i will be paying so.. I will see how it pans out i guess =l

RideThePONYgt · May 20, 2010

good luck man im 17 too btw lol oh and random question you gonna go to oc this weekend for the mustang show? =)

N8Legarda · May 20, 2010

I was going to but..no mustang

Mustang Mark · May 20, 2010

you would be happier in the end with the more expensive car without a doubt. (as long as it really is better of course)

as far as insurence goes all i can say is dont get a ticket that will give you points, i have three years of driving experience (im 19) and have one speeding ticket with points on my lisence. i recently called about getting my own policy since im currently on my parents and pay $50 a month. they told me it would be $166 a month just for liability because having points and expirience is just as bad as having no experience at all... :angry7:

rick focks · May 20, 2010

i wouldn't take a note on something i really wanted to mod

uncltrvlnmatt · May 20, 2010

Just because you pay more, does not mean you will get more. Be patient, what you are looking for will come. Also if you finance a car you will have tohave full coverage on the car until the loan is paid off.

N8Legarda · May 20, 2010

uncltrvlnmatt said:
Just because you pay more, does not mean you will get more. Be patient, what you are looking for will come. Also if you finance a car you will have tohave full coverage on the car until the loan is paid off.

I suppose you are right on the insurance. But If i do a private seller my loan would be low, 2-3 grand since they are cheaper than dealers and i could just put my 5k into it. Idk i am having my mom check her financial endeavors to see how it would all work. But i must say...some clean fkn cobras i could see myself rocking