V6 General Discussion This section is for non-tech specific information pertaining to V6 Mustangs.

loan

Thread Tools
 
Search this Thread
 
Old Nov 7, 2009 | 12:08 AM
  #1  
98ga00's Avatar
98ga00
Thread Starter
1st Gear Member
 
Joined: Jun 2009
Posts: 80
From: georgia
Default loan

has anybody ever took out a loan to fix up there car? i added up everything i want for my car and it came up to around $14000 give or take a couple of thousand and a few parts
this is my list
Mustang Front Bumper Cover (94-98) -

Mustang Front Bumper Cover (94-98) -

Mustang Fender - RH (94-98) Unpainted

Flowmaster American Thunder Catback Exhaust System (98 GT/Cobra)

Pypes 409 Stainless Steel Catted X-Pipe (98-04 V6)

Black Bullitt Wheel 94-09 (17x8)

Black Acorn Lug Nuts (Set of 20)

Sumitomo High Performance HTR Z II Tire (245/45-17)

Mustang Rear Window Louvers (94-04)

Black Bullitt Style Mustang Fuel Door (94-04)

Polished Billet Mustang Window Switch Kit (97-04 Coupe)

Smoked Mustang Head Lights (94-98)

Sylvania Silverstar 9007 Light Bulbs (Set of 2)

Eibach Pro-Kit Springs (94-98 V6 Convertible)

BBK Polyurethane Spring Isolators - Front (79-04)

BBK Polyurethane Spring Isolators - Rear (79-04)

Polished Mustang Billet Aluminum Fuse Box Cover (98-04)

BBK Performance Aluminum Valve Covers - Chrome (3.8L V6)

Chrome Power Steering Reservoir Tube Cover (86-93 5.0L & 94-02 V6)

Chrome Windshield Washer Reservoir Cap Cover (98-07)

Chrome Strut Tower Cover Set (84-04)

Chrome Strut Tower Nut Cap Cover Set (94-04)

Chrome Brake Reservoir Cap Cover (87-04 V8 & 95-04 V6)

Long Rod 4.3 Shortblock: $3500

99-04 Stage 3: Ported upper intake, ported lower intake, Stage 3 SuperHeads with
1.94/1.56 stainless steel valves, SSM custom ground CompCams billet cam
included: $2550*

Installation kit: Gaskets, sealants, head bolts, t-stat, timing chain, tensioner, etc:
$395,

split port swap kit $350

m112 supercharger kit $3000

8.8 rear end, price?

new tranny price?
Old Nov 7, 2009 | 12:14 AM
  #2  
motorman524's Avatar
motorman524
MF Informant
 
Joined: Sep 2006
Posts: 2,690
From: Missouri
Default

Taking out a loan for mods sounds like a bad idea.
Old Nov 7, 2009 | 12:38 AM
  #3  
jyna06gt's Avatar
jyna06gt
1st Gear Member
 
Joined: Sep 2009
Posts: 111
From: west virginia
Default

ive pulled out loans to put some parts on my other mustangs i had, but never that high only for like 3k-4k and the only reason i did it was because i got a banging interest rate other wise i wouldnt have. if i where you i would just try n save some money and get the parts because it might only cost 14k for all the parts u want but its gonna end up being close to 18 or 19 depending on your interest rate you get. it def wouldnt b worth it man just save your cash and get it bits at time.
Old Nov 7, 2009 | 07:58 AM
  #4  
Shaunmac9128's Avatar
Shaunmac9128
6th Gear Member
 
Joined: Nov 2008
Posts: 5,453
From: RI
Default

Yeah, I would never take out a loan to mod my car. Especially a $14,000 one.
Old Nov 7, 2009 | 09:28 AM
  #5  
98ga00's Avatar
98ga00
Thread Starter
1st Gear Member
 
Joined: Jun 2009
Posts: 80
From: georgia
Default

yeah im not i was just curious if anybody ever has
Old Nov 7, 2009 | 09:34 AM
  #6  
Shaunmac9128's Avatar
Shaunmac9128
6th Gear Member
 
Joined: Nov 2008
Posts: 5,453
From: RI
Default

I'm sure someone has
Old Nov 7, 2009 | 10:48 AM
  #7  
rfcsoulja's Avatar
rfcsoulja
2nd Gear Member
 
Joined: Sep 2007
Posts: 361
From: Oklahoma
Default

The few I've heard of regret doing it.
Old Nov 7, 2009 | 11:47 AM
  #8  
brent4's Avatar
brent4
4th Gear Member
 
Joined: May 2007
Posts: 1,605
From: North Carolina
Default

If i was taking a 14k loan out i wouldnt fix my car, i take 8k of the loan money, go to a car lot, get either a 03/04 mach 1 or 99/01 cobra, take the other 6k or so and put towards suspension and power mods. Thats my .02
Old Nov 7, 2009 | 04:33 PM
  #9  
LilRoush's Avatar
LilRoush
6th Gear Member
 
Joined: Feb 2007
Posts: 8,540
From: South FL
Default

You'd need collateral for the parts for the bank to claim if you go into default.... like signing over the title to your car.
No mod is worth taking out a loan IMO.
Old Nov 7, 2009 | 10:34 PM
  #10  
motorman524's Avatar
motorman524
MF Informant
 
Joined: Sep 2006
Posts: 2,690
From: Missouri
Default

Originally Posted by brent4
If i was taking a 14k loan out i wouldnt fix my car, i take 8k of the loan money, go to a car lot, get either a 03/04 mach 1 or 99/01 cobra, take the other 6k or so and put towards suspension and power mods. Thats my .02
Where are you finding a deal like that? lol. That is unreal



All times are GMT -5. The time now is 07:32 AM.