Hello everyone. I am considering buying a 2003 Mustang. But I am not sure if I should or not. The main question being finances. Currently I've got a 1999 Toyota Solara with 210k miles. It is my DD. It is not in great shape. I bought it 3 years ago for $1700 but had to sink 3k into it for various repairs. I don't like the car. The transmission is worn, grinding if I shift hard. It vibrates when I hit freeway speeds and is cosmetically ugly. I want to get a car for 2 reasons. I want a car I actually like, and I am nervous about the Solara breaking down.
Enter Mustang.
It seems like a great deal to me $5800 with only 61k miles. Supposedly driven by a woman (not boy racer) and garaged most it's life. It's the GT with the V8.
Here's my financial situation. I've got a little less than 10k total cash. I make about 75 grand a year (before taxes). I have no debt except mortgage debt. I am not a great saver lol. I like to go on expensive vacations. I'm 30, so not too close to retirement. My plan is actually to buy the mustang, but not insure it. I want to use it as my DD once the Solara goes Kaput. That way I don't have to scramble around for a replacement once the Solara breaks down, which is what I'm worried about. What are your thoughts guys? Should I pull the trigger or continue saving?
https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=512727700&zip=48334&referrer=%2Fcars-for-sale%2Fsearchresults.xhtml%3Fzip%3D48334%26startYear%3D2000%26incremental%3Dall%26endYear%3D2004%26modelCodeList%3DMUST%26makeCodeList%3DFORD%26transmissionCodes%3DMAN%26sortBy%3DdistanceASC%26maxPrice%3D6000%26engineCodes%3D8CLDR%26firstRecord%3D0%26marketExtension%3Don%26searchRadius%3D0&startYear=2000&numRecords=25&maxPrice=6000&firstRecord=0&endYear=2004&modelCodeList=MUST&makeCodeList=FORD&searchRadius=0&makeCode1=FORD&modelCode1=MUST&clickType=listing
Enter Mustang.
It seems like a great deal to me $5800 with only 61k miles. Supposedly driven by a woman (not boy racer) and garaged most it's life. It's the GT with the V8.
Here's my financial situation. I've got a little less than 10k total cash. I make about 75 grand a year (before taxes). I have no debt except mortgage debt. I am not a great saver lol. I like to go on expensive vacations. I'm 30, so not too close to retirement. My plan is actually to buy the mustang, but not insure it. I want to use it as my DD once the Solara goes Kaput. That way I don't have to scramble around for a replacement once the Solara breaks down, which is what I'm worried about. What are your thoughts guys? Should I pull the trigger or continue saving?
https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=512727700&zip=48334&referrer=%2Fcars-for-sale%2Fsearchresults.xhtml%3Fzip%3D48334%26startYear%3D2000%26incremental%3Dall%26endYear%3D2004%26modelCodeList%3DMUST%26makeCodeList%3DFORD%26transmissionCodes%3DMAN%26sortBy%3DdistanceASC%26maxPrice%3D6000%26engineCodes%3D8CLDR%26firstRecord%3D0%26marketExtension%3Don%26searchRadius%3D0&startYear=2000&numRecords=25&maxPrice=6000&firstRecord=0&endYear=2004&modelCodeList=MUST&makeCodeList=FORD&searchRadius=0&makeCode1=FORD&modelCode1=MUST&clickType=listing