So, as you all know i got a kid in the working, with costs of Mortgage, 2 kids, daycare, etc, etc i may try selling my Mustang.

Dont worry though, i would turn right around and buy another mustang. I would probably shop around for a real nice low miles Mustang 5.0. Knock my loan payments and insurance down and have about an extra $300-$400 per month

Do you think i could get $20,000k by selling to a private party? What is the highest i could realistically expect to get for her?

Forget bluebook, im wondering what i could actually get.


Here is a complete list of my car

2004 Premium Auto Mustang GT, 24k miles.

Leather Interior
Mach 1000 stereo
40th Anniversary Package
- Cobra mirrors
- 40th anniversary plaque
- Wing delete

Performance Mods

Motive 4:10 Rear End Gears
Motive Gear Install Kit
SprangZ DD Lowering Springs
K&N FIPK
Exhaust Pro's 3" X-Pipe
Diablosport Predator Handheld Tuner
Mach1/Bullet Brake conversion
Maximum Motorsports Strut Tower Brace

Visual Mods
Billet Turn Signal Cover
Billet Light switch
Billet E-Brake cover
Billet window switches
Billet Tilt lever
Steeda Pedals
FRPP Bullitt Fuel Door
9mm Bullet Door Pins
9mm Bullet Valvestem Caps
Bullet Lug Nuts
Rear 281 rear badges
Custom Fender 281 (support our troops) badges
Silver "4.6L V8" Hoodscoop Decal
8" Shorty Antenna
Mach 1 Grill Delete
Mach 1 Chin Spoiler
Straight Wing Wheel Spinner Kit
8" Silver Rally Stripes with Pinstriping,
Aluminum Hood Scoop Insert
Aluminum Side Scoop Inserts
"Mustang GT" Saleen style side stripes.
Smoked Tail lights
Custom interior

 

i thought his was an 03...

mine is prettier.... lol

i dunno, i might have to start dumping more money into the payments and getting the principle down on the loan.

 

Dude part it out before you sell it, you'll get a lot more.

But damn dude... 2 kids too? Your killing your life away.

 

Refinance and pay off your car with your mortgage for a new 40 year loan, you can probably cut your payments in half, still be able to keep your stang, lower your interest (Depends on rates in your area) and get some cash for your pocket. The good thing about the 40 year is that you dont have to pay it off in 40 years, just like your payment now you can put more into the principal to cut off some years but still have dirty cheap payments. Im a mortgage broker let me know if you need any help with anything.

 

yeah im inheriting a 5yr old along with the whole package.

Insta-family, just add "dad" LMAO

good thing tho, the kids dad is out of jail now and trying to get his lfie together. So im expecting him to throw some cash my way in child support seeing as how im gonna pretty much be raising his kid.


Im hoping with all the extra done to it i might get a little more. if i was to sell to a dealer or trade it in then def i would put it all back to stock.

 

eh;... im kind of nervous to mess with my mortgage, right now i got 5.75% fixed for 30 years. with interest rates going up im not really wanting to mess with the mortgage...

I do have a 2ndary home equity line of credit that has about 25k available.
if i absolutly needed to dump it i could just go ahead and purchase it on that, then sell it for what i could get. i would have to pay off the remainder, but at least the payments would take a serious nose dive.

but then im still paying on the stang and i dont even have it.

 

i was wondering what a healthy white baby could get on the black market....
lol

 

LOL, then i aint got nothin to worry about!

 

I dunno, i'd have a hard time spending 15,000 on a 03 with 15k miles if it smelled like a pharmacy smeared down with ben-gay. That old person smell is damn impossible to get rid of. LOL!

 

I think if you advertised it in the right places, and made sure to list everythgin correctly you wouldn't have any problem getting 18 or so.. But 20.. I'll say this, I can go buy an 04 Mach with 10kmi for 21....

Good luck if you decide to sell it.

 

thanks.
I dunno what im gonna do yet, im trying to keep every option available.

work just approved me for 10 hours a week of overtime, ends up being about 30hrs worth a paycheck.

50 hour work weeks are pretty brutal in this industry. but hell, i can probably dump about 1.2k+ per month into paying off the car. if i could keep that up in theory could knock 9,000 of the car loan's principle before the baby.... 11,000 if i put all my tax return into it.

I owe 23k..... it sucks being upside down. All a result of stupid automotive purchases.

Bought a new 99 Saturn sl1, traded it in for a 2001 saturn vue(new) and took about 3k over into the loan, dumped that and got a 2002 Ford Ranger (new) and carried about 5k over on the loan.
Then i traded in the ranger, got the mustang and carried about 7,000 over onto the loan for the stang which was 28k, but it was also 8k off msrp.

so i got the mustang new for 27,000. still owe 23,000.

lousy decisions on my part thats for sure. now im paying for it.

Lesson? Dont buy NEW unless you have lots of extra cash to throw around.

and wear a rubber.

lol

 

Raincoats FTW!!!

lmao

 

Hey Jack, If i can get you a lower interest rate would you refiance to a 40 year fixed?. My company is licensed in like 40 states and maybe I can do something for you.

 

If you can get me lower than 5.75 fixed for 40 years, well, hell, maybe i would. lol......

 

PM me your number man and tell me from what time to what time I can give you a call tomorrow, i'll see what I can do for you at work. Since your a buddy too i'll make sure to get you an extra low rate and i'll be dead honest with everything and just be straight out with stuff. Tomorrow i'll give you a free analysis and tell you what I can drop your payments too, etc etc etc...