Looking to trade the Stang
05-21-2009, 08:49 PM
#21
5th Gear Member
Join Date: Aug 2007
Location: College Station, TX
Posts: 2,179
05-22-2009, 02:55 PM
#22
6th Gear Member
Join Date: Sep 2006
Location: Gainesville, FL
Posts: 11,278
05-22-2009, 03:00 PM
#23
6th Gear Member
Join Date: Sep 2006
Location: Gainesville, FL
Posts: 11,278
You are going to get hosed on any deal for a used car. If you can't afford the car, then sell it out right. Hopefully you don't owe more than it's worth.
If you just want a lower payment, then refinance it with your credit union or bank. You'll still get hosed in the end, but at least you did it to yourself and you will have a lower payment. What's your interest rate?
Last edited by moosestang; 05-22-2009 at 03:31 PM.
05-22-2009, 06:14 PM
#24
2nd Gear Member
Thread Starter
Join Date: Aug 2008
Location: Concord, NC
Posts: 348
You are going to get hosed on any deal for a used car. If you can't afford the car, then sell it out right. Hopefully you don't owe more than it's worth.
If you just want a lower payment, then refinance it with your credit union or bank. You'll still get hosed in the end, but at least you did it to yourself and you will have a lower payment. What's your interest rate?
If you just want a lower payment, then refinance it with your credit union or bank. You'll still get hosed in the end, but at least you did it to yourself and you will have a lower payment. What's your interest rate?
im not sure about interest maybe 9 something?
I think my payoff is $14k but ill be probably gettin it to like $9k by the end of next month
05-24-2009, 10:12 AM
#25
3rd Gear Member
Join Date: Sep 2006
Location:
Posts: 790
Also remember that if you grab a new car you will have to pay tax ontop of that, at 20k a car thats 1600$ that you coud have pocketed or used to pay off your current car. And moosetang, i cant drive my current 5speed(knee injury- 3 week recovery left) so an auto GTO woud be a dream to drive. To me the GM's have felt pretty solid. I sold my first Wbody GM, missed it so now i bought another just for a DD cause therye damn good cars IMO. -Jon
05-24-2009, 10:14 AM
#26
Mista High School Playa
Join Date: Aug 2007
Posts: 618
My advice is to stay away from the F-bodies. Just buy a used C5 Corvette instead. A 1999 or 2000 C5 should be relatively inexpensive. The first mod on a C5 is to remove the runflats and replace them with any performance tire, you'll drop about 18 lbs of unsprung weight...pretty impressive gain.
If you're shopping C5's, then keep in mind that the '01, 6 speed models will have oil consumption issues on occasion, make sure the harmonic balancer isn't wobbling (that applies to ANY LS-1), and check the rear end for leaks. They added a few ponies in '01, so try to get a '01 - '04 if you can.
If you're shopping C5's, then keep in mind that the '01, 6 speed models will have oil consumption issues on occasion, make sure the harmonic balancer isn't wobbling (that applies to ANY LS-1), and check the rear end for leaks. They added a few ponies in '01, so try to get a '01 - '04 if you can.
04 Camaro FTW
05-24-2009, 10:18 AM
#28
Mista High School Playa
Join Date: Aug 2007
Posts: 618
You probably won't get too much lower of a payment after you pay this car off, a decent LS1 is right around 9-10k, and you probably won't get over 15k for your car. Personally, I would love to have a WS6, but considering your car is anywhere from 4-8 years newer, it would be a lot more reliable for you during college, unless you wanted a pretty low mileage one, which would probably be close to the trade-in value of your GT.
05-24-2009, 12:01 PM
#30
2nd Gear Member
Join Date: Aug 2008
Location: CA
Posts: 479
Don't trade for a lower payment. You have all ready sunk all that money into the car, why waste it to save probably 50 bucks a month in payments. You are all ready asking what mods to make the f body faster, it's gonna end up costing you more money anyway. I really think it is a bad decision if you are trying to save money, because you won't. If it were just because you want an f body that badly than do what you want.