QuikGT
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Hey guys i want to get into an 03-04 cobra by january...what did you guys put down for a down payment, how much did you pay and what were the monthly payments like?
Payments???
- Thread starter QuikGT
- Start date
I put 20% down when I bought the car new for 30K in 2003.
QuikGT said:
Lots of factors, but, here is a quick guide using 60M.
Borrow $15K @ 4.9% for 60M = approx. $282.38 per month
Borrow $15K @ 7.9% for 60M = approx. $303.43 per month
Borrow $20K @ 4.9% for 60M = approx. $376.51 per month
Borrow $20K @ 7.9% for 60M = approx. $404.57 per month
Borrow $25K @ 4.9% for 60M = approx. $470.64 per month
Borrow $25K @ 7.9% for 60M = approx. $505.72 per month
FYI - I put close to 20% down.
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Well, I screwed up and bought my '04 Mystic 'Vert (the most expensive Cobra other than the '00 R) two months before Ford added SVTs to the 0% finance plan in late 2004. I bought it in the summer of '04 for the X Plan price at $500 above invoice, so it wasn't horrible. But it sure wasn't cheap either! Got the 3.95% rate. :cuss: I kept asking them to give me the 0%, but they said they couldn't do it on SVTs. Two months later, Ford extends the incentives to include the Cobra. :fm:
Go find yourself a new 2004 left on some dealer lot and try to get the 0% financing. It is a great deal.
Go find yourself a new 2004 left on some dealer lot and try to get the 0% financing. It is a great deal.
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I paid cash for a used 2003 with 3000 miles. 27K. No payments is nice. Still have a year of payment on a 2003 VW GTI, a year left on 2001 Sport Trac, and three years left on a 65 fastback
paid $27k, 3.9% financing for 72 months with $0 down. Payment is $452/month.
Ouch.
Ouch.
Paid 26K, 11k down, I don't remember my rates but pay 290 monthly.
paid 32500 for mine with 1700 miles on it, trade it from my 02 ss, made 3500 on the ss and used that payments of 500 a month, and insurance of 200 month cause im 19
PLATIADO said:
I think that might be the deal of the century...
About 2 months ago o bought my cobra, financed $29,xxx for 5 years and the bank would only give me 9% (i was considered a risk because i still have my Saleen car payment) and my Cobra car payment is $630 a month.
i paid like 30k in norcal for a '03 silver cobra with 24k on the odometer. i put down 8k through a 60 month plan which i financed 22 and my payments are $460. my % is 9.25 and it was through toyota AND I WAS ONLY 19 WITH HARDLY ANY CREDIT AND NO CO-SIGNER. i'm refinancing soon through my credit union to a much lower % and i'll probably do another 5 year loan, maybe a 7 year loan and my payments should be $300-325ish a month. oh and my insurance is only $180 a month for two cars and the cobra is full coverage.
damn i paid 27500 for my 03 redfire vert with 18,xxx on it at 5.25% and got an extended warrenty with it.... because it was some For Executives incentive car or something...
only reason it had so many miles is because the idiots drove it from california to new york for the auction and then drove it to texas....
complete idiots!!!!!!!!!!!!!
only reason it had so many miles is because the idiots drove it from california to new york for the auction and then drove it to texas....
complete idiots!!!!!!!!!!!!!
I put down 19,750...
The car was 33,500
Payment was 333.15 for 60 months.
.....but its is now mine....allllllll mine I tell you! I paid it off!
The car was 33,500
Payment was 333.15 for 60 months.
.....but its is now mine....allllllll mine I tell you! I paid it off!
Bought mine for 25,000 with 1000 miles 5 months ago but since I gave 0 money down my payment is $544 plus $160 a month insurance on the cobra. Took the car out for 5 years and now I owe 30,000 on the cobra and 8,000 on the GT.
It’s always good to give some money down. BTW I’m 20 and have little
Credit so my old man took both mustangs out for me. At least my insurance
Is not that high. Thanks dad!! :rockon:
It’s always good to give some money down. BTW I’m 20 and have little
Credit so my old man took both mustangs out for me. At least my insurance
Is not that high. Thanks dad!! :rockon:
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sharkattack said:
WOW, did you get that on the 43-year payback plan ????? LOL
bought my 03 DSG cobra with 1,000 miles, ya 1,000 miles for $26,900. I put $12,000 down and i financed $15,000 at 7%. I pay $300 a month. So worth it such a sick car!! :rockon:
Bought mine ine feb '05. $23750 with cash. 16,900 miles
:burnout: :coolman:
:burnout: :coolman:
If your credit is good enough and youre not gonna put down a significant amount, like 30% or so. I say finance the whole thing. That is if your interest rate is good too. I bought mine brand new no money down. $685 a month. I dont see the point in letting a big chunk of money go just to save a 100 or so dollars a month. You never know when you might need that chunk.
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