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2020+ Shelby GT500 Mustang
10.8@127mph - 4200lbs race weight
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<blockquote data-quote="Corbic" data-source="post: 16127307" data-attributes="member: 171475"><p>I get so sick of these Anti-Fiance Online Fiancial Wizards. </p><p></p><p>Yes, rack up to much debt and you'll screw yourself. However, save $70k for 6 years to buy a Truck, Sportscar, whatever and you are just as screwed. </p><p></p><p>Your now driving presumably the cheapest thing you can, which will require maintence, potentially put your life at risk (older cars are less safe) and your wasting 6 years of your life not doing what you want. </p><p></p><p>Also, once you have that $60k cash, you'd still be in better financial shape to invest it and fiannance the car. </p><p></p><p>Also, we have inflation. </p><p></p><p>So let's go 2013 Gt500. It's 2012 and you really want one. Well you can wait 6 years to save up $55k, but they'll be gone by then and the new Gt500 is now going to be $70-80k, so you'll have to save another 3 or 4 years to get one.. 10 year wait, a decade of your life. </p><p></p><p>Or you just buy it. $55k of debt in 2012 is equal to $62,000 today with inflation, so you already saved $7,000 there. </p><p></p><p>If you had financed as the best rate of 3.11% in 2012 you'd have only spent $5,300 on interest in 6 years. So you saved $1,700 by financing instead of paying cash. </p><p></p><p>So when you are going "OMG $800/month car payment!! Pay cash!!" what you are really saying is "don't own expensive things". </p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>What base $30k GT? A Zero Option GT with Auto is $38,045. A Zero Option Hellcat with Auto is $63,695.</p><p></p><p>$25,000 difference but the GT lacks a ton of basic features the HC has, so you'd need to toss on a performance pack for another $4k.</p><p></p><p>So $20k you get a better looking car with significantly more power, a blower and more interior space. Why pay $30k more for a GT350 compared to a GT?</p></blockquote><p></p>
[QUOTE="Corbic, post: 16127307, member: 171475"] I get so sick of these Anti-Fiance Online Fiancial Wizards. Yes, rack up to much debt and you'll screw yourself. However, save $70k for 6 years to buy a Truck, Sportscar, whatever and you are just as screwed. Your now driving presumably the cheapest thing you can, which will require maintence, potentially put your life at risk (older cars are less safe) and your wasting 6 years of your life not doing what you want. Also, once you have that $60k cash, you'd still be in better financial shape to invest it and fiannance the car. Also, we have inflation. So let's go 2013 Gt500. It's 2012 and you really want one. Well you can wait 6 years to save up $55k, but they'll be gone by then and the new Gt500 is now going to be $70-80k, so you'll have to save another 3 or 4 years to get one.. 10 year wait, a decade of your life. Or you just buy it. $55k of debt in 2012 is equal to $62,000 today with inflation, so you already saved $7,000 there. If you had financed as the best rate of 3.11% in 2012 you'd have only spent $5,300 on interest in 6 years. So you saved $1,700 by financing instead of paying cash. So when you are going "OMG $800/month car payment!! Pay cash!!" what you are really saying is "don't own expensive things". What base $30k GT? A Zero Option GT with Auto is $38,045. A Zero Option Hellcat with Auto is $63,695. $25,000 difference but the GT lacks a ton of basic features the HC has, so you'd need to toss on a performance pack for another $4k. So $20k you get a better looking car with significantly more power, a blower and more interior space. Why pay $30k more for a GT350 compared to a GT? [/QUOTE]
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2020+ Shelby GT500 Mustang
10.8@127mph - 4200lbs race weight
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