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V6 (1994-2004) Mustangs Technical discussions on the 3.8L and 3.9L V6 torque monsters
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Old 05-22-2013, 05:18 PM   #11
Sonic Mustang
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That just means more better deals on fast cars for you and me!

I talked with a Toyota dealer principal and he orders all the Priuses he can and sells them over MSRP while laughing about them not making economic sense for 90% of the buyers.
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Old 05-25-2013, 10:00 PM   #12
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lol at the dealers

I go to dealers that have a lot of used cars too. They low balled me saying "We'll give you 500$" for the vehicle. I told them my rims are worth more than that. They try and say "I'll give you 1200"

I told them no because that is a horrible deal. A 1200 Mustang V6 that looks in almost perfect condition and has less than 69,000 miles...I can sell for at least 4 grand.

So I'm thinking about financing the Mach 1. I drove it around. It was amazing. This kind of power....the Mach 1 is modified, and definitely has a supercharger (I know it doesn't come stock)

But should I finance? What do you think? What's a reasonable down payment?
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Old 05-25-2013, 10:40 PM   #13
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Originally Posted by MCR View Post
But should I finance? What do you think? What's a reasonable down payment?
Really that just depends on how much money you have/can afford. for roughly every 1grand you put down thats about 20/mo cheaper..

But like i said its just dependent on your financial situation
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Old 05-25-2013, 10:42 PM   #14
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I would verify the build behind that Mach 1, like a complete parts list. The Mach 1 does not come with forged internals like the 03/04 Cobras did and they are prone to engine failure if too much boost is ran through them. In short the non forged 4V motors can take a maximum of 9 PSI (and that's really, really pushing it) through a centrifugal S/C, and around 5-7 PSI through a twin screw based S/C. Much more than that and the pistons go bye bye. I highly doubt the person put an 03/04 Cobra rotating assembly in the car unless it's an actual 03/04 motor. Which if that's the case the value of the car is ruined because it's no longer a "true Mach 1" it's a modified hybrid which ruins it's collectability.

As you can see, just too many questions that really need to be answered. Last thing you want to do is spend $11,000 on a paperweight or money pit.

I would honestly pass on the car or use the supercharger against the value of the car. In buying a boosted car that's not boosted normally you're taking on a lot of buyer risk. I could run fine, but it could also give problems.
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08 Mustang GT - 285 RWHP, 305 TQ (sold)
99 Mustang SVT Cobra - 280 RWHP, 290 TQ (sold)
11 Mustang V6 - 270 RWHP, 260 TQ (sold)
95 Mustang Cobra - N/A 250 RWHP, 275 TQ; S/C 400 RWHP, 400 TQ (sold)
97 Mustang GT - 190 RWHP, 250 TQ (sold)
00 Mustang V6 - 145 RWHP, 184 TQ (sold)
98 Mustang V6 - 125 RWHP, 210 TQ (sold)

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Old 05-26-2013, 02:34 AM   #15
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The 5 speed Mach 1 does have a forged crank, the auto has a cast crank. That's why the 5 speed revs 1,000RPM higher than a stock Mustang GT.
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Old 05-26-2013, 07:56 AM   #16
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Quote:
Originally Posted by MCR
But should I finance? What do you think? What's a reasonable down payment?
Things to think about:
Most banks won't finance a car more than 7 years old. Too much risk for them. If you find one that will, chances are you're looking at 13% interest or higher on the loan, and they'll want 20% down. (Those are just average numbers right now, your bank might be better/worse. Only way to find out is to call and ask.) Also remember on a loan / car like that you'll have to pay for full coverage insurance, and many banks will make you buy a 'gap' plan since you'll owe them more than the 'book value' that the insurance company will pay out in case of an accident/total type situation.

Saying this from both ends of a car buying deal. Most people interested in my Roush can't shell out the cash, and banks won't loan for it. I also just bought a used car with a loan. It worked out so the loan and insurance are more than offset each month by my fuel savings of driving the SVT vs the Roush daily. I actually pocket almost $50 extra at the end of the month driving the new car.
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Old 05-26-2013, 08:42 PM   #17
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That's a forged crank, not forged internals, there is a difference.
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13 Mustang V6 Pony Package - 270 RWHP, 260 TQ

08 Mustang GT - 285 RWHP, 305 TQ (sold)
99 Mustang SVT Cobra - 280 RWHP, 290 TQ (sold)
11 Mustang V6 - 270 RWHP, 260 TQ (sold)
95 Mustang Cobra - N/A 250 RWHP, 275 TQ; S/C 400 RWHP, 400 TQ (sold)
97 Mustang GT - 190 RWHP, 250 TQ (sold)
00 Mustang V6 - 145 RWHP, 184 TQ (sold)
98 Mustang V6 - 125 RWHP, 210 TQ (sold)
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Old 05-26-2013, 09:52 PM   #18
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You could easily sell your car for more than 4k. I just sold my V6 with 177,XXX only mods were exhaust and CAI with bullitt rims for $3500
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Old 05-26-2013, 11:40 PM   #19
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Quote:
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That's a forged crank, not forged internals, there is a difference.
I know the difference. That's why I wrote forged crank and not forged internals.
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Old 05-27-2013, 08:45 AM   #20
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Quote:
Originally Posted by LilRoush View Post
Things to think about:
Most banks won't finance a car more than 7 years old. Too much risk for them. If you find one that will, chances are you're looking at 13% interest or higher on the loan, and they'll want 20% down. (Those are just average numbers right now, your bank might be better/worse. Only way to find out is to call and ask.) Also remember on a loan / car like that you'll have to pay for full coverage insurance, and many banks will make you buy a 'gap' plan since you'll owe them more than the 'book value' that the insurance company will pay out in case of an accident/total type situation.

Saying this from both ends of a car buying deal. Most people interested in my Roush can't shell out the cash, and banks won't loan for it. I also just bought a used car with a loan. It worked out so the loan and insurance are more than offset each month by my fuel savings of driving the SVT vs the Roush daily. I actually pocket almost $50 extra at the end of the month driving the new car.
A credit union is way more likely to loan on a vehicle based on its value, and not the age of a car. I bought my 97 Cobra in 2008 (11 years old) and the financed the whole thing. Same for the 2003 GMC truck I just picked up. Plus, you are more likely to get a far better rate at a credit union anyway... If you are not a member of one, find one that you can join.

True about full coverage vs just liability coverage on a financed car... but at loan time, if you ask for GAP coverage, it will cover (and pay for the difference) in what the car is worth and what you owe on it if something happens.
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Old 05-27-2013, 08:45 AM
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