Dallas Fort Worth 5.0 Mustang Club

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-   -   Monthly Car Payment? (http://www.dfw50s.com/showthread.php?t=2826)

Mrjeremyt 10-05-2013 05:51 PM

Zero down, zero interest, 66 month loan, 13 base, 75k bumper to bumper warranty, I overpay at 500 a month.

2012mustang76123 10-05-2013 06:59 PM

traded paid off g37s and 10k to get 12 premium with brown leather. Yall pay too much.

DirtyD 10-05-2013 09:27 PM

Quote:

Originally Posted by garner (Post 52364)
Let's just say it's one of the highest payments, the longest loan term, and one of the highest interest rates compared to those already posted lol

Well for your current situation and the fact you are one of the younger ones on the board, I don't think it would be horrible.

MidWest281 10-05-2013 11:45 PM

$550

re-rx7 10-05-2013 11:47 PM

Thats not bad for a Boss.

garner 10-06-2013 01:01 AM

Ugh fine. Like $680-690 a month for 84 months at 7.9% I think. $0 down.

Had a bunch of roll over from a previous truck that got trashed by an ex family friend then that rollover plus crappy dodge trade in value made it to this car :(

BLK2012GT 10-06-2013 01:07 AM

GOD DAMN!!!!!!!!!!!!:eek: I mean that's kinda steep.

McNastyGT 10-06-2013 01:10 AM

Quote:

Originally Posted by garner (Post 52409)
Ugh fine. Like $680-690 a month for 84 months at 7.9% I think. $0 down.

Had a bunch of roll over from a previous truck that got trashed by an ex family friend then that rollover plus crappy dodge trade in value made it to this car :(

Ouch....

garner 10-06-2013 01:12 AM

Said it was embarrassing

BERT 10-06-2013 11:44 AM

Quote:

Originally Posted by BLK2012GT (Post 52410)
GOD DAMN!!!!!!!!!!!!:eek: I mean that's kinda steep.



Kinda?? I could've got the GT500 in the showroom for that payment.

BUT!!!! He got the car he wanted and I bet garner enjoys the hell out it

re-rx7 10-06-2013 12:15 PM

Quote:

Originally Posted by BERT (Post 52442)
Kinda?? I could've got the GT500 in the showroom for that payment.

BUT!!!! He got the car he wanted and I bet garner enjoys the hell out it

truf!

garner 10-06-2013 01:39 PM

Yeah that's what happens with tons of rollover due to stupid people :/ But I do like the car. Plus side is that even with that loan payment, the total operating cost is a few hundred dollars less than my last truck was. Bad part is we can't put that money towards the loan cause according to navy federal it goes to interest and not principle, lame

Dan12GT 10-06-2013 08:01 PM

Car was listed around $29500 with 3k miles used. Original sticker price was $35k+. Premium with with comfort / lighting package. I ended up financing around $26k @ 2.2% I'm paying $415/month 6 year loan.

DirtyD 10-06-2013 08:43 PM

Quote:

Originally Posted by garner (Post 52409)
Ugh fine. Like $680-690 a month for 84 months at 7.9% I think. $0 down.

Had a bunch of roll over from a previous truck that got trashed by an ex family friend then that rollover plus crappy dodge trade in value made it to this car :(

The $0 down hurt you a lot. But you have to do what you have to do.

Sieran 10-06-2013 08:48 PM

$605/mo 72 month with not sure the exact rate but is under 3%. Traded in a VW GTI i was slightly upside down on. GT Track pack with everything but the premium sound, glass roof, and upgraded seats.

BLK2012GT 10-06-2013 09:47 PM

Quote:

Originally Posted by BERT (Post 52442)
Kinda?? I could've got the GT500 in the showroom for that payment.

BUT!!!! He got the car he wanted and I bet garner enjoys the hell out it

I was being nice.

MidWest281 10-06-2013 10:02 PM

Quote:

Originally Posted by re-rx7 (Post 52402)
Thats not bad for a Boss.

you are correct sir. its not bad at all. I am pretty happy/lucky with some of the investments I've made up to this point in my life. Hopefully the Boss will hold it's value!

2012mustang76123 10-07-2013 12:15 AM

Quote:

Originally Posted by garner (Post 52461)
Yeah that's what happens with tons of rollover due to stupid people :/ But I do like the car. Plus side is that even with that loan payment, the total operating cost is a few hundred dollars less than my last truck was. Bad part is we can't put that money towards the loan cause according to navy federal it goes to interest and not principle, lame

are you sure about that? Everyone loan car/house always went to principle or you can specify that a certain amount go to principle only.

DirtyD 10-07-2013 08:58 AM

Quote:

Originally Posted by 2012mustang76123 (Post 52548)
are you sure about that? Everyone loan car/house always went to principle or you can specify that a certain amount go to principle only.

Typically you monthly payment goes more towards both interest and principle. Any extra amount paid after your payment go straight to principle, since you've already paid the interest for that term.

garner 10-07-2013 12:44 PM

Quote:

Originally Posted by 2012mustang76123 (Post 52548)
are you sure about that? Everyone loan car/house always went to principle or you can specify that a certain amount go to principle only.

That's what the loan officer told us when we went to turn in the promissory note. Said any extra on top of the requirement payment would pay down interest

DirtyD 10-07-2013 01:10 PM

Quote:

Originally Posted by garner (Post 52586)
That's what the loan officer told us when we went to turn in the promissory note. Said any extra on top of the requirement payment would pay down interest

He must be an idiot. Your monthly payment factors in paying off both interest and principle each term. Any extra payment made AFTER your monthly payment pays strictly to principle, which is why you can pay extra and pay off a loan early.

Midnight11 10-07-2013 04:11 PM

maybe have another one here soon ;)

maxpayne 10-07-2013 04:46 PM

Quote:

Originally Posted by Midnight11 (Post 52604)
maybe have another one here soon ;)

Do share.....

DirtyD 10-07-2013 04:52 PM

Quote:

Originally Posted by maxpayne (Post 52608)
Do share.....

http://www.stmesc.org/site/wp-conten...9/fiesta_0.jpg

Taxman 10-07-2013 06:09 PM

$0.00 cuz 3v LOL

Midnight11 10-07-2013 06:13 PM

Quote:

Originally Posted by maxpayne (Post 52608)
Do share.....

looking at getting a 14 fiesta for a daily since the honda sucks

BERT 10-07-2013 06:19 PM

Quote:

Originally Posted by Midnight11 (Post 52625)
looking at getting a 14 fiesta for a daily since the honda sucks



Man those things are TINY. I thought the Focus was small

El_Tortuga 10-07-2013 09:16 PM

Nada.

Was doing $750/mo 4 yrs, full amount financed to give me some freedom to time the market and it worked out well. :)

Midnight11 10-07-2013 09:19 PM

Quote:

Originally Posted by BERT (Post 52626)
Man those things are TINY. I thought the Focus was small

drove both today. felt more room in the fiesta. im just tall though haha

Bacadiesel 10-08-2013 12:30 AM

555 a month/ 6 year

17% interest. My credit sucks but I really wanted the car. I'm actually paying 700 a month to pay it off sooner.

26k for car

2011 5.0

brtnstrns 10-08-2013 07:21 AM

Quote:

Originally Posted by Midnight11 (Post 52625)
looking at getting a 14 fiesta for a daily since the honda sucks

What Honda do you have that sucks? Just wondering

Midnight11 10-08-2013 08:10 AM

03 civic

Rebelracer568 10-08-2013 08:25 AM

465 month. Traded in my 12 5.0. Rolled over minor negative equity. No cash down. 23 years old with 4.8% intrest. I pay 500 month and mmonth ahead on payment

brtnstrns 10-08-2013 08:37 AM

Quote:

Originally Posted by Midnight11 (Post 52658)
03 civic

Ah, better than the next gen Civics. My 06 has body panels that fall off if you sneeze near them and the engine block cracked and puked radiator fluid everywhere. Luckily there was a TSB that covers unlimited mileage and 8 years past the purchase date regardless of owner so I got a brand new OEM short block installed by Honda for free.

Oh yeah and back on topic:
$253 a month / 48 months. But that's on a 10 year old car. Still has 5.0 liters of displacement though :)

Midnight11 10-08-2013 10:58 AM

250/month for a 14 fiesta se hatch with mytouch

DirtyD 10-08-2013 11:07 AM

Quote:

Originally Posted by Midnight11 (Post 52689)
250/month for a 14 fiesta se hatch with mytouch

What kind of loan? That's pretty sweet.

Midnight11 10-08-2013 11:11 AM

Quote:

Originally Posted by DirtyD (Post 52693)
What kind of loan? That's pretty sweet.

283 0% at 60
250 1.9 at 72

leaning towards the zero interest but calling insurance today

DirtyD 10-08-2013 11:30 AM

Quote:

Originally Posted by Midnight11 (Post 52696)
283 0% at 60
250 1.9 at 72

leaning towards the zero interest but calling insurance today

Definitely not bad at all. Only thing I'e be reluctant on is having 2 car payments both that long of a term.

Midnight11 10-08-2013 11:38 AM

gotta do what i gotta do. its that or get rid of the mustang which i dont wanna do

maxpayne 10-08-2013 11:41 AM

Quote:

Originally Posted by Midnight11 (Post 52714)
gotta do what i gotta do. its that or get rid of the mustang which i dont wanna do

No, definitely do not get rid of your 5.0. lol


Why can't you daily your stang?


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