Should I get my Dream Car?

[Talk2BigSteve]

This is kind of early to post this, since I am in a wheel chair, but oh well.

My car, a 2002 Crysler Sebring, is totaled. It is paid off. According to KBB the retail price of my car now with 40000 miles on it is as follows

2002 Chrysler Sebring LXi Sedan 4D

Engine: V6 2.7 Liter
Trans: Automatic
Drive: Front Wheel Drive
Mileage: 40,000

Equipment
Air Conditioning
Power Steering
Power Windows
Power Door Locks
Tilt Wheel
Cruise Control
AM/FM Stereo
Multi Compact Disc
Premium Sound
Navigation System
Dual Front Air Bags
F&R Side Air Bags
ABS (4-Wheel)
Leather
Dual Power Seats
Moon Roof
Rear Spoiler
Premium Wheels

Retail Value $14,270

I have always wanted one of these.



Make: Ford
Model: 2005 Mustang
Trim: 2dr Cpe GT Premium
Colors: Exterior: Black,
Interior: Dk Charcoal/Red
50-STATE EMISSIONS SYSTEM $0.00 $0.00
4.6L OHC 24-VALVE V8 ENGINE $0.00 $0.00
5-SPEED AUTOMATIC TRANSMISSION $886.00 $995.00
PREMIUM SERIES ORDER CODE $0.00 $0.00
ABERDEEN EMBOSSED RED LEATHER FRONT SPORT BUCKET SEATS $0.00 $0.00
SOLID PAINT $0.00 $0.00
SHAKER 1000 AUDIO SYSTEM $1,153.00 $1,295.00
INTERIOR UPGRADE PKG $401.00 $450.00
INTERIOR SPORT APPEARANCE PKG $0.00 $0.00
INTERIOR COLOR ACCENT PKG $156.00 $175.00
17" BRIGHT MACHINED CAST ALUMINUM WHEELS $174.00 $195.00
Options Total $2,770.00 $3,110.00
Destination Charges $675.00 $675.00
Base Price $24,128.00 $26,320.00
Total Price of This Vehicle $27,573.00 $30,105.00

I could put $15K down when I get the insurance back on my car, and my payments would be $407 per month/36 months.

Should I go for it?

Steve

[cbfair]

The mustang is a beautiful car but I wouldn't pay $407/mo for a brand new car that will only depreciate. That's me though...

I know the new 'stangs have only been out for a few months, but you may look around for a "gently used" one that would cost alot less. New cars take the biggest hit when you drive them off the lot the first time; sometimes you can find executive driven or promotional cars that are like new but much less expensive.

What else are you going to do for the next couple of months? shop around!

cbf

P.S. I'm sorry about the accident, but very glad you and your mom are ok. It sounds like it could have been way worse.

[poker-penguin]

It's a sweet car.

I guess it all comes down to finances - is it worth $407 a month for 36 months to you given all the other things you could be spending that money on (that's 2 fancy Steak-and-A1-sauce lunches a month or a painfully large check to whatever anti-gay organisation you're sending money to when you light up) :P

But this was really just a brag post, wasn't it?

[Talk2BigSteve]

[ QUOTE ]
It's a sweet car.

I guess it all comes down to finances - is it worth $407 a month for 36 months to you given all the other things you could be spending that money on (that's 2 fancy Steak-and-A1-sauce lunches a month or a painfully large check to whatever anti-gay organisation you're sending money to when you light up) :P

But this was really just a brag post, wasn't it?

[/ QUOTE ]

No it was a I have a chance to make a dream come true, should I just go for it now because who knows what the future holds post.

Steve

[poker-penguin]

[ QUOTE ]
[ QUOTE ]
It's a sweet car.

I guess it all comes down to finances - is it worth $407 a month for 36 months to you given all the other things you could be spending that money on (that's 2 fancy Steak-and-A1-sauce lunches a month or a painfully large check to whatever anti-gay organisation you're sending money to when you light up) :P

But this was really just a brag post, wasn't it?

[/ QUOTE ]

No it was a I have a chance to make a dream come true, should I just go for it now because who knows what the future holds post.

Steve

[/ QUOTE ]

Sorry, I just thought it sounded like you had made your mind up already and were just showing off. I apologise.

Personally, I'd buy a kick ass mountain bike, drive some piece a crap used car, and have $400 in my pocket every month.

But I'm cheap, and not really into cars.

If this dream is worth $400 a month to you, then do it.

[RacersEdge]

Sweet car.

I would go for it.

Just check how much your car insurance will go up.

Plus, you could do something else with the 15K and lease it for 36 months.

[Talk2BigSteve]

My Car insurance would be $961 every 6 months.

I tried to do a check just now on loan verses lease but I don't know what the hell Residual Value is? that is the only field I have blank and it can't calculate it.

Steve

[fluxrad]

[ QUOTE ]
My Car insurance would be $961 every 6 months.

I tried to do a check just now on loan verses lease but I don't know what the hell Residual Value is? that is the only field I have blank and it can't calculate it.

Steve

[/ QUOTE ]

Do not lease a car.

[Talk2BigSteve]

[ QUOTE ]
[ QUOTE ]
My Car insurance would be $961 every 6 months.

I tried to do a check just now on loan verses lease but I don't know what the hell Residual Value is? that is the only field I have blank and it can't calculate it.

Steve

[/ QUOTE ]

Do not lease a car.

[/ QUOTE ]

I don't plan on it, I know it may save you in payments but
1. your insurance is higher because you do not own the car. and
2...YOU DO NOT OWN THE CAR!

Steve

[fluxrad]

I found your car