if you want the best deal come to the USA and use your Canadian dollars to buy a 2005 for $20K (US)
It'll cost you $19,448K CAD.
The past 3 years' models are all basically the same. If you're going to mod, as most here do, there's not much sense in buying new!

 

I faced the same problem myself for the past few months. I looked at some nice '05s and '06s, but the '07s have a few more things, like the ipod connector. The used '07s were just a couple thousand less than the new ones. The '08s didn't have the rebates. My favorite dealer didn't have anything good on their lot, and I knew I wouldn't get the best deal if they brought it in. I even considered ordering a new one.

I finally sent out a few requests for price quotes for cars I found through the Ford website, searching dealer inventory. 2 of the prices I got back were really good, well within my price range, yet a couple others were quoting MSRP on 2007's the last week in September. We went to look at the 2 with the low prices. One was black with red stripes, a deal killer for me. The second one was perfect. A GT Premium convertible with IUP and 18" wheels. I thought the dealer was going to mess around, but he added sales tax, title, and license (I checked all of those out ahead of time so I knew what to expect), and there was my price. No negotiation. I've heard from several people that shopping for a car via the internet is pretty much the best way now. I have to agree.

Use the Ford website to get the invoice price, deduct the rebates, then go to Edmunds.com and use their payment calculator. It figures out an estimate of sales tax and title/registration. The final out the door price was off by less than $300 from the Edmund's estimate, and the monthly payment was a few dollars off. Then, do a search on local auto loan rates and compare them to the special financing. I found the rebates saved me a lot more than the interest rate, but that isn't always the case. I found my best interest rate, then printed out the page. The dealer quoted me over 8% financing, and my personal quote was 6% (Ford financing was 5.9% at that time). The dealer called and checked on the rate I had, and agreed to meet it.

Oh, FWIW, The same dealer also quoted me invoice on any '08s before rebate. I was looking at a red GT Premium on his lot, but it was already sold.

 

Theres no point to buying a used GT since there is only a few thousand dollar price difference. Buy a new 2007, you will get a better deal because of the year end clearances.

 

Thanks again for the input guys...its a tough decision this time of year. It would be sitting pretty in the garage over the next few months, but at 0% interest its hard to say no! The other factor is the possibility of Ford lowering their prices in Canada due to the dollar over the next few months....I could buy from the US, but I heard that Ford doesn't honor US car warranties up here, and if its financed down there, if the dollar goes down then I'm into more $. So buying in Canada is probably my best bet. As for modding, and intake, chip (or tune) is probably is far as I'll go.

 

I'd go for an 07, I don't think the new options on the 2008's are worth it for now.

 

Im having a real hard time finding an 07 in what I want....They are selling really fast around here

 

buy it for 0 percent..the vehicle will be a year old but the fact that you pay 0 interest will leave little inequity by the time it comes to trade.

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I talked to a lady yesterday, who was saying she was having A LOT of problems with her 05 vert. We talked about Mustangs as I loaded her groceries >_>

 

Dont. Buy a vette.

 

Go for the 07 with no financing. You knwo it wasn't abused and you are getting a band new car. Not much was added in 08 to make it worth the extra money. Dealers will make a good deal to get the rest of the 07's off the lot. I did this with my 06 when the 07's came out and they couldn't even sell my a used 05 for as cheap as I got a new 06.