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  Mustangsandmore Forum Archive
  '05 to Present -- The S197 Mustang
  2005 V6 purchase help

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Author Topic:   2005 V6 purchase help
trashline
Gearhead

Posts: 2230
From: Levittown, Pa
Registered: Dec 2003

posted 07-12-2006 09:43 AM     Click Here to See the Profile for trashline        Reply w/Quote
Im looking at buying a used 2005 V6. I cant afford the insurance being under 25 for the V8 and with gas prices going up pushed the decission further.

The KBB value is 18,500. I know people at the dealership and are supposed to help me out. The one im looking at has 20,000 miles. Can you guys give me any hints/tips/ ideas on what I should do? This will be my first time buying from a dealership.

------------------
88 thunderbird TC 2.3L
Gillis at 18 psi, walbro fuel pump, Kirban afpr, 3.73 8.8" rear, rebuilt head, Ranger roller, .48/.60 T3 with clipped wheel, ported elbow, 3 in exhuast, FMIC

66 mustang V8 swap baby

68 Fairlane 289 w/ auto
rusting away motor is going in the mustang

honeyburst
Gearhead

Posts: 846
From: Nashville, TN, USA
Registered: Mar 2006

posted 07-12-2006 10:21 AM     Click Here to See the Profile for honeyburst        Reply w/Quote
what exactly are you "trying to do" ???....talked to one of our salespeople here and they said a V-6, automatic, excellent condition would sell for between 16.5 and 17K........
DO NOT finance through the dealership. Go to your bank/credit union and walk into the dealership with the funds in your bank (actually paid for one once with actual CASH....man that was fun
IF you're able to....ask to speak to the used car manager directly, tell him what you're willing to pay, in cash, and if he doesn't agree....WALK AWAY.....9 times out of 10 they will stop you before you get to the door or call you within 24 hours. Now, when I say this...don't be an a** about it....remember, they had to buy the car and they have to pay their bills too, so you WILL pay more than they did....
good luck,
Bryan

trashline
Gearhead

Posts: 2230
From: Levittown, Pa
Registered: Dec 2003

posted 07-12-2006 03:25 PM     Click Here to See the Profile for trashline        Reply w/Quote
Im trying to buy a descent car that will be reliable and not need money put into it every week.

Im looking for/at an 05 V6 5 speed. They have it listed for 18,600. The guy is going to help me out AFAIK since I know him. I was hoping to get it for around 16.

I was told if I finance a used car interest is usually higher then new cars.

Also I have no credit, but was told Ford has a good first time buyer program and my mother will co-sign for me. She does plan togo with me when I look at the saturday.

I dont want to spend more then 16,500, is this the almost lowest price they will sell the car at Bryan?

thanks

------------------
88 thunderbird TC 2.3L
Gillis at 18 psi, walbro fuel pump, Kirban afpr, 3.73 8.8" rear, rebuilt head, Ranger roller, .48/.60 T3 with clipped wheel, ported elbow, 3 in exhuast, FMIC

66 mustang V8 swap baby

68 Fairlane 289 w/ auto
rusting away motor is going in the mustang

honeyburst
Gearhead

Posts: 846
From: Nashville, TN, USA
Registered: Mar 2006

posted 07-12-2006 03:45 PM     Click Here to See the Profile for honeyburst        Reply w/Quote
probably close to the lowest....if your mom is willing to co-sign...I still say go to the bank and get your loan there (I always use the credit union)....intrest rates will be lower and you have more "barganing power" with cash or a cheque in your pocket as opposed to working with the financing department. Also, AFTER, AFTER, AFTER you settle on a price....try to get them to throw in more warranty....BE SURE TO GET A SPARE KEY AND KEY FOB (they cost $89 here if you get a spare made)......get them to throw in a t-shirt, hat, whatever you can

trashline
Gearhead

Posts: 2230
From: Levittown, Pa
Registered: Dec 2003

posted 07-12-2006 04:51 PM     Click Here to See the Profile for trashline        Reply w/Quote
haha anything I can for free lol! thanks for the tips!

------------------
88 thunderbird TC 2.3L
Gillis at 18 psi, walbro fuel pump, Kirban afpr, 3.73 8.8" rear, rebuilt head, Ranger roller, .48/.60 T3 with clipped wheel, ported elbow, 3 in exhuast, FMIC

66 mustang V8 swap baby

68 Fairlane 289 w/ auto
rusting away motor is going in the mustang

honeyburst
Gearhead

Posts: 846
From: Nashville, TN, USA
Registered: Mar 2006

posted 07-12-2006 07:39 PM     Click Here to See the Profile for honeyburst        Reply w/Quote
also....all that stuff I mentioned.....that's all AFTER you get them to WRITE DOWN the price....and BEFORE you give them any money....don't leave the dealership without that spare key....oh, almost forgot....get them to fill the tank too...(that's $60 around here )

trashline
Gearhead

Posts: 2230
From: Levittown, Pa
Registered: Dec 2003

posted 07-14-2006 05:26 PM     Click Here to See the Profile for trashline        Reply w/Quote
any idea what an interest rate would be for a used car? say a guy , 22yo, no credit, w/ consigner? and like 3 grand down?

I contacted my bank about getting a loan Imjust waiting for a phone call so I just want to compare before I go up there tomorrow with no information.

------------------
88 thunderbird TC 2.3L
Gillis at 18 psi, walbro fuel pump, Kirban afpr, 3.73 8.8" rear, rebuilt head, Ranger roller, .48/.60 T3 with clipped wheel, ported elbow, 3 in exhuast, FMIC

66 mustang V8 swap baby

68 Fairlane 289 w/ auto
rusting away motor is going in the mustang

IIGood
Moderator

Posts: 3919
From: Arnold, MD, USA
Registered: Jun 99

posted 07-16-2006 06:42 PM     Click Here to See the Profile for IIGood        Reply w/Quote
quote:
Originally posted by trashline:
any idea what an interest rate would be for a used car? say a guy , 22yo, no credit, w/ consigner? and like 3 grand down?

This is hard to tell. It varies so much...

I can say this much though: When I bought my '99 V6 back in 2001 (I was 23), I had no credit then either, and dad actually had to be the primary and I was co-signor. I put $5K down on a $13K loan through the dealership. They financed me for 5 years at 8.6% interest.

Two years later when I bought the GT, I could do it all on my own. Again, went through the dealer for financing...I dropped $8K down on $23K...financed $15K for 4 years at 6.9%.

Do as the others say regarding financing. Go through a Credit Union, or a bank. Yeah, their rates are lower than the dealership. I found out the "hard way." That's okay though...I don't have any payments anymore.

------------------
Frank S.----MCA Member 40390
'03 Mustang GT coupe
'77 Ghia--"II Good"

trashline
Gearhead

Posts: 2230
From: Levittown, Pa
Registered: Dec 2003

posted 07-16-2006 09:17 PM     Click Here to See the Profile for trashline        Reply w/Quote
The deal thru my bank is... 7.25 percent for 4 years but I have to find 30 percent of the bill meaning if the car came to 18,000 They would pay for 12,800 or something along those lines

------------------
88 thunderbird TC 2.3L
Gillis at 18 psi, walbro fuel pump, Kirban afpr, 3.73 8.8" rear, rebuilt head, Ranger roller, .48/.60 T3 with clipped wheel, ported elbow, 3 in exhuast, FMIC

66 mustang V8 swap baby

68 Fairlane 289 w/ auto
rusting away motor is going in the mustang

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