Need some info... - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars

Doggyboy · 02-08-2003, 19:48

I'm interested in puchasing a XR6T, my current car is this:

http://www.fnqgl.com/doggyboy/car/DSCF0005.jpg

I totally own this car, paid cash. What I am wondering, and the main problem, is that I am only 18 years old. What sort of trade in would I get for my car? Would I get more money selling it privately?

I would expect ~12000 for my car, which means I would need a loan for ~30,000 - 35,000. What would the weekly repayments be on such a loan?

Thanks for any help,

Regards,
Michael

Night_Lurker · 02-08-2003, 19:55

Well I would assume you would get more from a private sale. I would say around 10k for a trade in even less. You will need to find out the interest rate you would be on (loan, hire purchase, etc). With my finance it worked out better to pay monthly. I would first check if u can get insurance first!!

BIGBADAU · 02-08-2003, 19:57

Hey was your car at the Brisbane Convention Centre carpark on Friday night?????????????????

Because if it was i was admiring it for a couple of minutes.

Doggyboy · 02-08-2003, 19:59

nah, i live in cairns, north qld...

Theres a couple around aus like mine....

BIGBADAU · 02-08-2003, 20:04

Ok then i seen anohter one, looks pretty much identical to yours, sorry to interupt your Question.

I reckon it would cost you about 700 bucks a month for an XR6 turbo depending on the rate and balloon at the end of the period. You can also finance it over 48 months (4 years) or 60 months (5 years). It just depends on which way is better for you, Some people do it over 48 months so they can upgrade sooner with out loosing as much cash when it comes to change-over.

Doggyboy · 02-08-2003, 20:28

hm 700/month isnt all that expensive... the insurance would kill me but probably... i earn ~1500 a month.

Full comp insurance for me atm is ~110 a month, thats for an EL GLI falcon, with exhaust.

I might be joining the XR6T group sooner then I thought :)

Thanks for your help guys, Its all appreciated. Anymore info I should know before walking into the dealer next saturday?

BIGBADAU · 02-08-2003, 20:37

Well mate find out how much the car is going to be, what the interest rate is going to be and ill calculate what its going to cost ya if you want.

OwnaXR6T · 02-09-2003, 00:13

well my repayments are 995.96 a month on a 4.5 year lease hire purchase, i think the interest is 7.5% my car was nearly fully optioned total on road cost of 56grand. my balloon works out at aroun 13600. im 27 and the insurance is 880 i live in newcastle and have a bad history for speeding. lost my licence twice. but i was innocent i swear! actually i lost my licence once and went on a probationary once.

BIGBADAU · 02-09-2003, 01:14

Yeah i was talking approx 44 grand over 5 years with about a 30 % residual.

Fte_by_Ford · 02-09-2003, 01:57

Ford dealers a know for crappy prices on trade, we had a 1966 mustang and took it to a ford dealer for trade on an explorer, and they were only gona give us 16,000 for it. We took it to the Holden dealership and they gave us 23,000 for it, weird I know. ended up buying a toyota.