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Mustang Forums
2011-2014 Mustangs
2011-2014 Mustang Talk
$39,090
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<blockquote data-quote="tistan" data-source="post: 9691456" data-attributes="member: 26495"><p>I can afford to make a $600 a month payment, but i don't because it is stupid. I don't finance depreciating items. It is hard build wealth when $600 a month of your income is going to pay for a depreciating car. If I don't have the cash set aside, I don't buy. I used to sell cars, and I can tell you that the majority of people don't come in with a good down payment or good credit, and most of them come in with a car they are already upside down in. All of their negotiating power is lost because they need the dealer more than the dealer needs them</p><p></p><p>The only thing you are right about, is that they don't need my sale this year. After the newness wears off, they will be slashing the prices.</p><p></p><p>Actually my first house was right at $100k, with taxes and insurance my payment was $670 a month. I live in coastal area so my insurance is going to be more expensive than most.</p></blockquote><p></p>
[QUOTE="tistan, post: 9691456, member: 26495"] I can afford to make a $600 a month payment, but i don't because it is stupid. I don't finance depreciating items. It is hard build wealth when $600 a month of your income is going to pay for a depreciating car. If I don't have the cash set aside, I don't buy. I used to sell cars, and I can tell you that the majority of people don't come in with a good down payment or good credit, and most of them come in with a car they are already upside down in. All of their negotiating power is lost because they need the dealer more than the dealer needs them The only thing you are right about, is that they don't need my sale this year. After the newness wears off, they will be slashing the prices. Actually my first house was right at $100k, with taxes and insurance my payment was $670 a month. I live in coastal area so my insurance is going to be more expensive than most. [/QUOTE]
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