Traded My 98 Cobra for a used(new to me) 2003 Cobra what do you think?

[King Cobra 2000]

Recently I traded my baby( the 98 Cobra) for a used,but new to me.black 2003 Cobra coupe. Monday my dad and I test drove it. And on Tues. every thing was finalized. The car was at Town East Ford in Dallas,Texas. They gave me $5,200 dollars for my trade in.Also I put down an extra $1,500 down because I have soso credit. Any ways I will be paying $480 a month. I 'm not really tripping about the money. Because I have a job and me and my brother have our own business. WWW.egetmore.com.Also I'm only 22 with a good record but still I know it's going to be high.


Let me know if this was a good choice.:beer:

 

[WireEater]

How many miles were on the 03? I mean, I would consider it a good choice as long as it' wasn't a ragged out Cobra.

How much was left on it after your trade in and down payment? You probably could have gotten more for your car if you sold it personally. (assuming it was in good shape)

But if your happy, who cares? You got one of the badest machines out there now!

:beer:

 

[Mugger]

I think the dealer screwed you really good! $5,200 for a 1998 Cobra? You could've easly sold it for twice that amount on your own. Congratulations on the '03 you'll love the car!

 

[snakevenum96]

Congrats on the purchase but only $5200 for a trade in on a 98 cobra..geez..I would have gave you that much straight up, if not more.

 

[smokedbystang]

Originally posted by Mugger
I think the dealer screwed you really good! $5,200 for a 1998 Cobra? You could've easly sold it for twice that amount on your own. Congratulations on the '03 you'll love the car!

That's what I was thinking. $5,200 for a 98 Cobra is a steal. They will sell it for $12-15,000 depending on how many miles were on it.

But.....you will love the '03 Cobra!!!!:beer:

 

[King Cobra 2000]

Not really because I had 83,000 miles on it. It was in decent shape with a couple of sctraches on it. I if you were me I be happy cause I wasn't expecting to to get more than 4500.

 

[King Cobra 2000]

But tha Cobra was priced at $27,500, but we talked them to 26 even. Also the car had only 4,400 miles on it because it was a demo car.The car looks,sounds and run good. I can't wait to see how hp it has.



Please give me some tips or any information I need to know about my Cobra.

 

[Tommy98016]

Congrats on the new ride !!!

 

[yellowcobra98]

Originally posted by Mugger
I think the dealer screwed you really good! $5,200 for a 1998 Cobra? You could've easly sold it for twice that amount on your own. Congratulations on the '03 you'll love the car!

i traded my 98 cobra in on the L and got 12000 for mine

 

[smokedbystang]

Originally posted by King Cobra 2000
But tha Cobra was priced at $27,500, but we talked them to 26 even. Also the car had only 4,400 miles on it because it was a demo car.The car looks,sounds and run good. I can't wait to see how hp it has.



Please give me some tips or any information I need to know about my Cobra.

As long as you are happy it doesn't matter what they gave you but dealer trade-in value with 83,000 miles is roughly $8,000. I think you could have done better but like I said earlier you will love the new Cobra.

Keep reading these forums for tips and info. There is plenty to learn here. Soon you will be modding it. Just have fun with it and be safe.

Also, call 1-800-ford svt (I think that's the number) to get your build date and #.

 

[BillyMac72]

i got 10 000 on a trade in on my 96 mystic that had 53000 on in last october

 

[Blk98Cobra]

awesome.....I don't think I could ever sell/trade in my 98, I love it way too much, they screwed you on the trade in though, you could of sold it privately for at least 9-10k

 

[Flo]

Ouch!!! I hate it when i see dealers screw people!! I have seen brand new 03 go for what you paid! Man that sux, but ill stop telling you now cuz you will probably start feeling bad. So Congrats on the ANIMAL!!

 

[King Cobra 2000]

Fellas I know I screwed up please. Just let me enjoy my new ride. To tell you the truth I'm not really worried about and so shouldn't you.

 

[Silver2003Cobra]

King, awesome car you got.. (I'd have gotten Sonic Blue or Silver) but black isn't bad..

but according to www.nada.com (reputed to be the most accurate "bluebook" ) a 98 Cobra coupe with 83K is worth 10,225 trade in and 12,475 retail...

 

[byevette]

I traded my '98 for my '03 back in July of '02. I got 14K for my '98.