All right guys I need a little help here,

I drive a 2005, GTA, with only 15K miles on it. I LOVE this car. It looks good and I have taken very good care of it. Also, I bought it cash, so, there has never been a car payment.

Today, I found a car lot with a red on white (identical paint/stripes as mine) Shelby GT500. I also made the mistake of taking it out for a test drive. I really loved the whining of the whipple. This car is in GREAT shape, not a scratch or dent on her and only 1,400 miles. That’s right, not 14,000, only 1,400. The dealer is asking $42,000. and he will give me $16,000 for mine.

IN order to buy the GT500, I would have to empty out the saving account (10K), cash in the bonds ($6K), and take out a $10,000 loan to buy this car. I know this is not a smart idea, but darn it I am still thinking about it. I dont really have any bills, so the extra $200-$250 is very do-able, I just hate payments. [:@]

The Forum has been insanely helpful in the past, so, please if you can offer some words of wisdom as to how good a deal this is or how fast should the price of te 500 fall in the future.

Thanks to all who take the time to reply.

 

Just supercharge your current car and save the money.

 

if you can afford to buy it then id say go for it. look into insurance first tho. and remeber, gas isnt getting any cheaper so i hope you have another car for a DD

 

Its not just s/c, i really love the whole Shelby thing.

Besides, I hear that the automatic 4.6, its not a good idea to S/C. Dont know if that is true or not....


as for the cost of gas, I drive a TOTAL of 12 miles a day. So, no worries there.

 

autos are fine to supercharge they just cant take as much power. but if you dont care about gas and you can afford the insurance then go for it

 

+1 I'm with Riptide on this one, you could get a supercharger for yours and do a GT500 full conversion so your car would look just like one for WAY less.

 

Yeah but its still not the same as having the real thing... Id want the shelby. If they made yellow GT500s id have one...

 

i wouldn't do it.

sure, a gt500 would be great to have. but so is the financial cushion of 10k in the bank. i'vegot my 6-monthemergencycash reserve in the bank and it feels great!

especially if you have kids or a wife; i would definitely not do it then!

especially in today's world, having that cash cushion, not many people can say that. no one saves anymore...

you made a really good financial decision by paying cash for your first mustang, if you really want a gt500, save some more and do it right.

 

Or you could just keep your $10,000 in the bank and finance $20,000 instead of $10,000, payments would not be too bad.
Like others have said if you want it get it, and it will for sure hold it's value better than putting a s/c on the car you have.
And if i'm not mistaken the stock GT500 s/c is an Eaton, not a Whipple.

 

With the uncertainties in the worlds and oureconomy and at the expense of sounding like a pesimist, I would be careful with how you spend your money. If you have money saved up, have no payments, and have a nice GT already, I would hold on to the moneyjust in case ofan emergency (hopefully you wont need it and just collect interest). You look like you could spare a bit off your nest and just enhance the one you have, by perf. mods or even the GT500 front end. JMO and []Im starting to sound like my dad[]