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Joined: Sat Jan 13th, 2018
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You don't have a sales tax on vehicles? Texas?
And so monthly payments of $701 x 60mo +$4127 down payment $46,187 by my math...
Go buy or better yet.. lease a mustang. There is 0 financial value in owning a vehicle anymore unless you by preowned and mod or build up on it.
My first house, waterfront property [within 200 yards of] 2317 sq ft house plus full basement, corner lot, 2 story brick home, fireplace, huge kitchen, 4 bedrooms, 2.5 baths, with a 1.5 story garage with a 41;42 footprint zoned commercial.
I put $5400 down in 1997, I borrowed $67,000 and some change... and we're going to discuss a value of a Ford Ranger at 5/8 of the cost of a house like that? One or some of us is crazy. Lol
Oregon has no sales tax at all.
That payment is jacked. Who pays 5% interest? My rate would be 2.5 at worst through my credit union, less if ford is offering 0% for 60. Based in what I was quoted on a new ranger, I could likely pay about 675 a month for 60 months with 0 down.
Were discussing a truck thats less than 6% the value of my home and less than 20% my household income. Vehicle cost is relative. We bought a new 17 f350 that stickered at 73k. We put 40k down, and financed just under 31k. I don't buy cars as investments. I buy them because I enjoy cars. And I drive way to much to lease. I live in a major metro area and drives of 40-50 miles to go somewhere are normal.
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2001 Ford Lightning - Built Motor - Built Trans - 2.9 Whipple - E85 - Custom Interior - 537/632 - 11.40 @ 119.6(old setup)
1968 Ford Mustang "Gold Nugget Special"
2018 Ford Mustang GT PP1
1999 Ranger
https://www.youtube.com/user/lightningdusten