loudnlow

Okay so I have decided I am going to try and trade in my 05 GT for a 2010 GT while pricing is good and many financing options are available. I am a few grand upside down in my car but with the rebates on a 10 ot should be alright. I need some advice and an guidence though. I dont have excellent credit so Im not sure if they will even let me finance it. But what price should I be looking at on a 2010 GT? And how much would they take off the msrp due to the 5.0s coming out? Any other advice guys? I would really appreciate it. Thanks

BAKnBLK2010

Go to Fords website and see what the rebates and interest rates are in your area of the country. There is about 7 % markup from invoice to MSRP on the Mustangs. So a $30,000 MSRP will have about $2100.00 in mark up. So take the rebate plus the markup and this is what they could discount the car from MSRP. Go to the dealer first and see what they will sell the car for without a trade. Then take your car and tell them you want to trade it in. You will only get wholesale money for your car doing it this way but thats all you were going to get anyway. It's all a numbers game when trading a vehicle in. Be prepared they are probably only going to offer you around $11,000 for your 05 model.

itsokimapilot

Go to this website enter your zipcode and build your stang. It will tell you what the dealer paid for the vehicle and what is a good price to pay based on what others are paying for your car in your area.

Not that it is any of my business, but if you're upside down on a loan, have less than average credit and your car works, then you may want to consider keeping what you have. I like my 2010 but I wouldn't go bankrupt for it. That is my advice FWIW. Good luck.

05gtdriver

Very sound advice. Unless you have a very good credit rating and the upside down on your current loan isn't more than $1-2 thousand dollars(assuming over lowest bluebook possible of your car), you're better off staying put. You'd be better off seeing if you qualify for a lower APR loan on your current car than getting started all over again on a new loan.
Pay your current car off & see where the market for Mustangs is at that time.

mstngsule68

like stated above, i wouldn't trade if i had more than 1-2K left on the car, and that's if i would be getting a great deal on financing. Really the bad credit along with a loan is going to hurt you. But it doesn't hurt to go in and see what they can do.

Snakebite64

Keep the 05 but hey