Same here.

 

150 a month 23 yrs old progressive ins. holding sr22 1 dui.
left the lot with it paid off in 06 for 20g

 

18 when I bought it in late 2010, parents paid it off that month, however I pay just under $100 for insurance a month now- that is with the student/good driver discounts.

Lol forgot to add that I am state farm as well, and about $500 deductible.

 

I have State Farm (i think, maybe it's Farm bureau.)
One 35+mph speeding ticket.

I'm on my own policy. By myself. No co-sign.
Good student discount, no accident.

 

'06 GT. Wrote a check for it in March of '06. Insurance is $40 a month (specialty insurance) for agreed total loss value of $30,000 with mods.

 

I'm not going to bother responding with my information - this will vary WILDLY based on location and personal information.

if you want a mustang, look up a couple of different model years you are interested in, and call your insurance company and ask for a quote.

to calculate monthly payments - assuming your credit is decent, you can anticipate about 200$ a month for every 10,000 financed on a 5 year loan.

 

I agree with entaille.... Best bet is to figure out what your mazda is worth and subtract that (and any other downpayment you might have) from the purchase price.

Then take that number and plug it into this website

http://www.bankrate.com/auto.aspx

Depending on your credit history/score and income, your interest rate will vary greatly. I would suggest putting in 10%. If you have a good credit history/income you can probably get that down to 3-4% but on the flip side bad/no credit and low income you will be looking at 12-20%!

I was quoted today (full coverage with 500k/1 million and 500 deductible) $67/month for a brand new 2012 GT. I have my homeowners policy with them which is why the rate is so reasonable.

As far as purchasing price... Now is a GREAT time to buy new if that is in the realm of possibility for you. I am closing the deal on a 2012 GT 6mt base model (no options), sticker of 30,100 for 24,200! After T/T/L (8% tax in my area) I will be at 27,250.

 

My car is under my dad's name, we took it out of the lot thanks to his great credit. On the insurance policy, I'm the only one on that car, mine is separate from my parents. It all depends on location too, so that's something you have to take into consideration.

 

Bought my '07 V6 in July with no credit to my name. Didn't need a co-signer and put no money down. Paying roughly $300 a month for the car and $275 for insurance, but that's with my Mustang and my truck. I'm also 21.

 

Go to CarMax.com and look for a car about the price you want to pay and use their payment calculator to get a good idea what your payment will be.