Should I buy this bugger?

[Ithnu]

http://denver.craigslist.org/cto/4644397111.html

I went and saw it in person. A few scratches on the front, but that seems pretty normal. The guys is a total Mustang guy; loves Foxes, owned a '03 Cobra and he's selling this in order to fund his '70 fastback. The '70 is literally in the garage next to the the Boss. Is that price fair? I think it is. What does The Internet say?

 

[Para81]

Priced about 9k below value - grab it.

 

[lpheaven]

Priced about 9k below value - grab it.

Do a bit-o research on the VIN, ask for service records and if all clear grab that Boss - excellent price for the limited color scheme too

 

[OrangeCompete]

That's a rare orange Creamsicle and the price is about right. Yeah, check the VIN and roll, any service records can be obtained from the dealer or owner.ford.com.

 

[Zemedici]

Never seen that color scheme before, snag it up. I like it. :beer:

 

[IamRacerX]

Clear title and you like that color scheme, go for it!

 

[Para81]

As always get a Pre Purchase Inspection first. Based off what you said about the owner though I'll bet that car has been pampered and well looked after - clearly an enthusiast and a car lover.

 

[Grant808]

Decent price for this color combo.

 

[Ithnu]

I love the look of the Boss and I like the that it's NOT a GT500. It's a good price on a hard to find car. It's the only local one I can find in CO right now. I like the competition orange...but I prefer it with the black highlights not the white. That's a whole lot in the yes column. Would it be a crime to repaint it to black highlights?

I'm going to stop by the bank today to see what financing options I have. I was going to save for another year and look for one. But this just showed up in my area. Similar to a few years ago when I was looking for an early '90s Fox; ended up finding a stock '93 Cobra in fantastic shape. I'm glad I pulled the trigger on that one and am getting that feeling for this one right now.

 

[Zemedici]

So snag it up!! :beer: Its a great price, absolutely.

 

[Grant808]

I would be easier and cheaper to find one with the black sticker/paint IMO. And a little bit unwise to undo a Comp Orange/white car. But if you plan on keeping it a while... do what you want and change the color.

 

[Devious_Snake]

cheaper to just put vinyl wrap over the white areas

 

[Ithnu]

Well the bank gave me a higher interest rate than I wanted. 5% despite have $10k to put down. I've been doing contact engineering work and don't have any official income right now so I couldn't get the 2.2% they advertised.

So it's a no go. I'll just save my $$ and buy one right out in a year or two.

 

[AustinSN]

Damn youre going to kick yourself in a few years if those go up in value.

 

[Red Turtle]

Well the bank gave me a higher interest rate than I wanted. 5% despite have $10k to put down. I've been doing contact engineering work and don't have any official income right now so I couldn't get the 2.2% they advertised.

So it's a no go. I'll just save my $$ and buy one right out in a year or two.

At $25k financed, the difference between 2-5% is pretty marginal over 5yrs. $30/mo for a total of $1800 if you actually took it full term for all 60mo's.

Shorter term or paying more than the minimum payment would also reduce interest impact.

 

[Devious_Snake]

^^^^this


you could just make extra payments to pay it faster and save on the interest

 

[Ithnu]

Well that was an estimate by the bank associate. He gave me a no BS that my undocumented contract engineering won't show up as legit income unfortunately; despite my account balances.

So I'm stuck saving for another year or two and buying one with cash. *Really buying one with cash; obviously this car will be gone.

Thanks for all the input though, I do appreciate it. These cars are bass ass; I really do like them better than the 2015.

 

[Para81]

If you're in good financial shape take the 5% deal and get that Boss - hell of a price, you probably won't see one like it again.

 

[Ithnu]

I'm in good finical shape; but starting a 1099 (or trying too) engineering gig doesn't sit well with bank.

Anyone need a Mechanical Engineer?

 

[Jackie Chan]

if you have over a 600 beacon and previous car credit, fire that bank. With 10k down its pretty easy to get financed even without w2 income.