New Car!

G

getfoxy

New member
I finally found a car and I am sold on it. Its a 1996 Mustang Gt 4.6L. Im not a ford fan to say the least but I do like a V-8 mustang. The guy wants 7,000 but he told me I can have it for 6,000. It already had a short throw shfter in it, magnaflow duals, and a bunch of other stuff. Mom told me to come up with 2,500 and her and dad will pay the rest so today I put my 01' Honda cr125 up for sale, (asking 1,700) I was debating on not ordering the scorpion ...dumb move or no? I sold my fx-5, so my question is if you were in my shoes would you go ahead and order the scorpion or wait till summer and order the scorpion. f I dont order the scoprpion theres a chance I could get the car as soon as the 125 sells..
 
Foxy,,,From my own experience, and I've had 67 cars/trucks and 11 motorcycles, a vehicle is the poorest investment you can make, unless you are lucky enough to get one that is really going to be desirable in the future and can afford to store and hang onto it... If you have ever heard the expression of being "Car Poor", I've been there..

My current ride is 7 years old and has almost 190,000 miles and is just now starting to be a good buy...

It sounds like this one you described has probably been 'rodded' a little/lot (at least it's set up for it) and there may be some future problems in the drive train (engine, tranny, u-joints, or rear end) and you have to ask your self,,,,"Can I afford to fix it?"

I also remember what it was like to be 17.... /ubbthreads/images/graemlins/smile.gif /ubbthreads/images/graemlins/smile.gif /ubbthreads/images/graemlins/smile.gif

You'll do what you want, but consider something that is a little more efficient and well cared for... /ubbthreads/images/graemlins/grinning-smiley-003.gif
 
Reading this post makes me remember my first car. A 1977 Dodge Royal Monaco. It was a tank! Oh, the good old days...sigh...
 
Old Turtle.. Yes I can afford to fix it. I really like the car. I have known the guy for about 10 years, he and my dad are real good friends. I can assure yuo that while this car is setup for it hasnt been abused. I promise you that.
 
My first really "Classic Car" was a 1957 Chevy Bel-Air Hardtop... Black with red and black interior...283 and a 4 barrel...(I was 19 years old then)

Family came along with the higher than standard medical bills and it had to go... I've been trying to replace it ever since... /ubbthreads/images/graemlins/frown.gif /ubbthreads/images/graemlins/smiliesmack.gif
 
Have you considered checking the price of the insurance on the car?The deal I made with my son 6 yrs ago when he turned 16 was similar. You pay 1/2,I pay 1/2.I only pay my half when you have saved 3 mos of insurance payment and have at least $1000 in an emergency fund for repairs etc.It took him about 6 months of working and saving but he did it.He wanted a pickup though.And he is responsible for the entire ins premium.Might as well get used to the real world when you're gonna drive in it.
 
Im just afraid Im missing my shot at a "somewhat" muscle car
I would have given anything to have grown up during the muscle car era, and now in a world where tuner (imports) are the new muscle Im still trying to grasp onto American Muscle, not Detroit Muscle

I promise you this though... before I die I will own a 1976 pontiac trans am with a 455.
 
That sounds a bit high on the price. Go to your bank and ask them to look up the "loan value" of the car. That will be very close to the true value of it. The extras that have been added do not add any significant value and may even detract from the base value.

Jack
 
Foxy I understand the desire to own a "cool" car at your age. However I make my living dealing with vehicles and the car market, and you really need to think about your decision. A V8 Mustang is a fun car to drive, good power and decent handling but it can be an insurance headache at your age. Also look at what you are getting for 7 grand. It is a 13 year old car that is not likely to ever become a classic. If you want to take more than one friend with you someone is going to be cramped up. If I was looking to by that car I would be looking in the $3500 range unless it was perfect them maybe $4200

What ever you do I hope it works out for you. That first car should be a great memory.
 
I have already had 2 cars. A tacoma, and an s-10 Im driving now.

The car dosent ever have to become worth something, I just have to like it.

Gas isnt an issue and Ive already checked insurance and it isnt much more than what my s-10 insurance is now.

If I ever need room we have plent of vehicles to choose from. Let me take you through them.. a 2007 toyota camry, 2004 ford f-150, 2001 Dogde Ram 1500, and my S-10. When and if I get the mustang that means 2 cars will retire.. the dodge and the s-10. What Im saying is that if I ever needed a vehicle with room, its always going to be sitting here. I just want something cool to drive my senior year of high school and through college.
Does this make sense?
 
Quote:
I have already had 2 cars. A tacoma, and an s-10 Im driving now.

The car dosent ever have to become worth something, I just have to like it.

Gas isnt an issue and Ive already checked insurance and it isnt much more than what my s-10 insurance is now.

If I ever need room we have plent of vehicles to choose from. Let me take you through them.. a 2007 toyota camry, 2004 ford f-150, 2001 Dogde Ram 1500, and my S-10. When and if I get the mustang that means 2 cars will retire.. the dodge and the s-10. What Im saying is that if I ever needed a vehicle with room, its always going to be sitting here. I just want something cool to drive my senior year of high school and through college.
Does this make sense?



I know a little bit about cars, and a little bit about 17 year old's wanting Mustang GT's.

A muscle car is an awful temptation for anyone, let alone a 17 year old. I have 4 kids, 28, 25, 21, and 14. I have been through the "I want a Mustang" phase, as I was a Sales Manager at a Ford Dealership, and my kids know that I could get my hands on them fairly easy.

You have plenty of time to get a car like that. If I were you, I would keep my dirt bike, have a blast riding it, go hunting and enjoy being 17. Don't strap yourself with a temptation like that. Are you really going to be able to resist tromping on the gas whenever someone rev's their engine at a light?

Too much car, way too soon... /ubbthreads/images/graemlins/confused1.gif
 
How many miles on it?

I just put in 125K as a wild azzed guess and I ran it through the Louisville zip code.

Here is what Kelly Blue Book hits it at as a "private sale" value (a loan value on a rig that old would require 'special financing'):

Condition/Value

Excellent
$3,845

Good***
$3,420 (Tarry hit the X Ring!)

Fair
$2,920

***Few privately owned cars qualify as "Excellent," BTW.

I'm now yet another 'old' guy warning you about price, Buddy. Please beware and do your homework.

Better yet, take Jeff's advice and pass on it, dude. Get the Scorpion and enjoy the dirt bike.

Many of the cool toys go away when you get married and start having kids, trust me on that! Enjoy 'em while you can...
 
All sound advice given to you by a bunch of guys who probably didn't listen to the same advice given to them when they were your age. But I'll say it too, save your money,[you're going to need it} and drive the truck.
 
Foxy, I have run through 4 mustangs. Wife currently drives an 08 Stang. They are fun, man the girls will go crazy.

Now for reality. You are probably gonna get it but letme take you another angle. The 96 pony, like has been said will not see classic status. Drive the truck, save more funds and look around. The loan value is not even close to his asking price. Remember the car is only worth what he can sell it for and I bet he doesn't have many takers. I bought a 95 GT with the 5.0, leather seats andloaded for 4 grand a couple years ago. It was pristine.

Spend less money on a lift kit for the tacoma and the girls willstill go crazy.

Think long and hard on this one.
 
the tacoma was sold about a year back. The mustang has 70,000 on it. I just dont think Im gonna pass this one up. I am going to send my scorpion order in, but Im still gonna get the car. BTW My dirt bike just collects dust. I dont even ride it. It cost me money to maintain it.
 
I remember being that age and getting things like that stuck in my head.

Fortunately, my parents were level headed and my car in high school was a 1964 Rambler classic station wagon. Trust me, the girls did NOT go crazy... but the seats did fold down... /ubbthreads/images/graemlins/laugh.gif
 
When I was in high school, my dad was the GM at a Dodge/Chrysler store.

I have owned:

1971 440 Barracuda CONVERTIBLE (only made a very few of those) /ubbthreads/images/graemlins/smiliesmack.gif
1970 Hemi 'Cuda
1972 440 Challenger
1974 383 Road Runner

and several others.

Like many have already said, if you were my son I'd advise you to pass on it. Too much $$$ for the car. There's NOTHING wrong with owning a "hot" car, but you need to make sure you get a decent deal in the process. /ubbthreads/images/graemlins/wink.gif
 
Quote:
All sound advice given to you by a bunch of guys who probably didn't listen to the same advice given to them when they were your age. But I'll say it too, save your money,[you're going to need it} and drive the truck.



Ain't THAT the truth!!! /ubbthreads/images/graemlins/laugh.gif /ubbthreads/images/graemlins/laugh.gif /ubbthreads/images/graemlins/laugh.gif
 
You Know what guys. I think I may hold off for awhile. Heres my plan: Tell me if this sounds better than trying to get it now.

Get the 1700 out my dirt bike, get a job for the winter, save, save, and save some more. Hopefully get a little bit of fur money this year. Come March or April have about 4-5000 on hand and have mom and dad maybe pay 1000-2000
 


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