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Author
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Topic: Life help. Serious subject weighing my options
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LXjames
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Member # 10791
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posted
 
 
So I have a 88 mclaren. It's in repairable condition slightly parted out its missing a rear end and motor would need a front end basically, radiator support sheet metal doubt any frame work a hood fender lights etc shit like that. Maybe 4500 of stuff to get the car really going with both new and used parts probably.
Was doing some driving around and found a 04 cobra black coupe black interior 4 corner bilstien coil overs MM k member probably didn't get a good look tho but had control arms was on fr500's and nittos real clean car.
The bad is: 117k on the odomoter 6 owners 4 dealers though
Trans was replaced at 13-14k I don't know why.
Was involved in a rear end collision I don't know of it was hit or it hit some one. Clean title still stock exhaust just suspension work it looks like.
Driver seat has MAJOR seat time ripped on both outer bolsters of driver seat and worn out back area driver seat only.
They are asking 15999 30% down around 4500 basically
Should I dump 4500 over a length of time into the fox and have no payment but still have 80's fox that could get stolen or not have resale value and not really a dd car
Or spend 4500 plus payments on a cobra with pre existing mods? Still could get stolen but worth more in the end
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On Point Motorsport prez.
King Lx
Posts: 4761 | From: Pittsburg CA | Registered: Mar 2011
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2T0NE
Go 49ers
Member # 4216
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posted
Fuck that pos maclaren, cobra ftw , not of fan of crashed cobras or high mile cobras but hey its up to you
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Originally posted by x Raelsmar x:
Can't wait till the Giants lose tomorrow night so all you Giants fans are forced to shut the fuck up.
Posts: 14676 | From: 760 carlsbad | Registered: Mar 2004
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2T0NE
Go 49ers
Member # 4216
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Kinda hard to steal cobras, by the way... All the ones you hear about are most likely insurance scams like 99% most likely
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Originally posted by x Raelsmar x:
Can't wait till the Giants lose tomorrow night so all you Giants fans are forced to shut the fuck up.
Posts: 14676 | From: 760 carlsbad | Registered: Mar 2004
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Robb
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Member # 9444
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That Cobra sounds beat. I wouldnt get sucked into a payment plan on that car.
[ 2013-08-12, 10:27 PM: Message edited by: Robb ]
Posts: 2467 | From: Sacramento,CA | Registered: Sep 2009
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SLOW95GTS
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Member # 10365
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I'd wait to something better taken care of and reasonably priced.
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1995 Mustang GTS 5.0 - "minor mods"
Posts: 1199 | From: East Bay | Registered: Oct 2010
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LXjames
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Member # 10791
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posted
So lower miles you guys think? Maybe newer? I've been on and off speaking with swedenskyabout a 13/14 but that A LOT of money for me right now. Deals are out there a lot better than this one? I know it
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On Point Motorsport prez.
King Lx
Posts: 4761 | From: Pittsburg CA | Registered: Mar 2011
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Robb
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Member # 9444
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quote:
Originally posted by LXjames:
So lower miles you guys think? Maybe newer? I've been on and off speaking with swedenskyabout a 13/14 but that A LOT of money for me right now. Deals are out there a lot better than this one? I know it
I'd rather just spend the extra couple thousand and get a 2011+ GT. Its new, reliable and wont break down for awhile. Thats the only way i'd go if i where going to make payments on a car. If you get a 4/6 year loan on a 2012 GT, Once youre done paying it off, Its only going to be a 6-7 year old car with probably 80-100k miles. A 2004 Cobra will be like 15 years old, broken down and worthless because of its wreck and high mileage. What happens when that Cobra motor breaks down and you need to shell out a couple thousand to fix it and youll probably be $25k-$30k in the hole on a high mileage wrecked Terminator afterwards.
Just shell out the money now and have a new car thatll last.
[ 2013-08-12, 10:56 PM: Message edited by: Robb ]
Posts: 2467 | From: Sacramento,CA | Registered: Sep 2009
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LXjames
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Member # 10791
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quote:
Originally posted by Cobra 93-4992:
If you're doing a buy here pay here, dont do it. If your getting a legit loan with a bank or credit union go for it.
It would be legit but after clearing my head out the clouds I'm seeing that I can get way better for a more of a DEAL. Lower mileage yes stock maybe even modded but reasonable cleaner car. Just kind of tired of foxes for the moment
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On Point Motorsport prez.
King Lx
Posts: 4761 | From: Pittsburg CA | Registered: Mar 2011
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swedensky
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Member # 12185
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posted
11+ ![[Big Grin]](biggrin.gif)
But I may be biased...
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I work at Ford!! > Best deals on ALL cars!
click here
Posts: 1100 | From: Sac, CA | Registered: Jul 2012
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0089GT
FREE
PALESTINE
Member # 9996
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Working at a bank man, if you can afford 500 a month go to a credit union and get a car loan....I know that cobra is a Cora but the money your pouring into it doesn't equate it's value. If you have a good steady job that gives you 500 a month go to a CREDIT UNION not chase or Wells Fargo. But a credit union if you can go to san Mateo credit union. Ask for a car loan interest rates are around 2-3% they sell you mercury car insurance too it covers everything, so that extended warranty can go rip someone else off. Hopefully this helps you
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FREE PALESTINE
Posts: 1151 | From: ssf | Registered: May 2010
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LXjames
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Member # 10791
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Thanks for all the support and advice guys. It's funny to see who replied and kept it serious but follow your other post you guys keep the funny/drama ball rolling. Much love Cafords I appreciate you guys
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On Point Motorsport prez.
King Lx
Posts: 4761 | From: Pittsburg CA | Registered: Mar 2011
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5POINTAMRIT
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Member # 11311
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ive seen termis on craigslist with like 60k miles going for around 14-16k keep looking youll find one i think theres a 03 conv. on cl right now in epa for like 15k
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2017 Mustang GT
2003 DSG Cobra
1991 Mustang 5.0- Sold
1990 Mustang 5.0 331 Stroker 402rwhp- SOLD
Supercharged 01 Mustang GT 368rwhp-SOLD
Posts: 693 | From: 510 | Registered: Sep 2011
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Greasy
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Member # 5258
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I'd buy the Cobra, but not that particular Cobra. Wait for a good one to come up you won't regret it.
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'93 Cobra-Coyote Powered
'03 DSG Cobra
'13 Dodge Cummins
'14 Rubicon X
Posts: 3272 | From: North Dallas | Registered: Jan 2005
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adower
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Member # 5955
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Im from the if you have to finance it you can't afford it club. Save up and cash out. There will always be cobras. Most banks with charge you higher interest rates on a car that old. 10%+.
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98 Cobra
Griggs
S Trim
HRE
Posts: 3327 | Registered: Aug 2005
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351w
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Member # 11875
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The only thing you should be making payments on is a house, save your $500 a month, did you factor in full coverage insurance yet? If you learn to save money and not spend money that $500 a month can turn into a down payment on a house in a few years, financing a car at a young age is a terrible mistake, good luck either way.
Posts: 1018 | From: 510 | Registered: Apr 2012
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NEIGHT
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Member # 8741
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Chop that McClaren in pieces, they'll never look good. And definitely don't finance a bucket high mileage, worn out Cobra, just be patient.
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-Savage Habits-
1992 Summer Edition
1986 Hatch- catfish killer
1964 Impala hard top
Posts: 18536 | From: EA$T $IDE REDWOOD CITY | Registered: Nov 2008
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SydeWaySix
CAFords OG
Member # 3596
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Personally, I'd never finance a Mustang or any car that will end up being a "toy." Once you start modding it, beating on it, etc. the value goes down and it is never worth what you paid for (after interest and other charges). I say you sell the maclaren, save for a few months, and pay CASH for a better cobra within your cash budget.
Plus, the cobra you're talking about sounds beat to shit.
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2013 Boss 302 #356. Performance White. Stock.
1965 Fastback GT Restored to stock spec.
Posts: 9882 | From: Bay Area | Registered: Dec 2002
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97cobra209
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Member # 11376
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Future Ford FTW! got my 2011 gt/cs there with no regrets I almost dropped 6k on a foxbody what made me change my mind was the fact that I daily my cars I just couldn't take knowing I could park at the mall come out and maybe not find it where I had left it enough said!
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2011 GT/CS 5.0
Posts: 872 | From: Stockton | Registered: Oct 2011
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East Bay 50
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Member # 8081
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who the hell asks for 30% down on a used car? Thats crazy! That car sounds whooped. No way I would pay on that for 5 years. That McClaren is an ugly p.o.s Take it to the junkyard and dump it. Take that 4500 and use it as a downpayment on something that ia actually cool
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Kurgan tuned stroked and blown 347 foxbody. boost nukka!
Posts: 2699 | Registered: Dec 2007
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swedensky
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Member # 12185
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30% down is usually a buy here-pay here kind of request.
And you can always go through CUDL which most credit unions will do anyway. You'll get the best rate we can give you without shopping rates.
Hope 95gtdrop doesn't mind me sharing this, but he just walked away with the payment he wanted on an 04 Cobra from my dealership, never shopped his interest rate and walked with 2.99% on a 10 year old car. That wasnt in an accident or beat to hell, and had 56k miles.
There's better deals and better cars, IF you decide to finance be sure you make the right call on the car.
[ 2013-08-13, 07:39 AM: Message edited by: swedensky ]
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I work at Ford!! > Best deals on ALL cars!
click here
Posts: 1100 | From: Sac, CA | Registered: Jul 2012
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East Bay 50
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Member # 8081
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For you guys saying how you pay cash for all you cars and its a bad idea to get a loan for a car. You either "A" have alot of money or "B" drive and buy a bunch of cheap buckets! Im gonna go with the latter...
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Kurgan tuned stroked and blown 347 foxbody. boost nukka!
Posts: 2699 | Registered: Dec 2007
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losbadgts
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Member # 4394
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quote:
Originally posted by TEXAS:
The only thing you should be making payments on is a house, save your $500 a month, did you factor in full coverage insurance yet? If you learn to save money and not spend money that $500 a month can turn into a down payment on a house in a few years, financing a car at a young age is a terrible mistake, good luck either way.
Thants what im talking about. Thats what happen to me at 18 got a new car it was cool and shit but stop going to school to pay that fucking car. Now a days I rather save my money and buy cars cash.
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Why pretent someone u are not, everyone else could see it.
Posts: 3625 | From: redwood city | Registered: Apr 2004
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1996 GT
I'm Joe Yates
Member # 4992
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posted
quote:
Originally posted by East Bay 50:
For you guys saying how you pay cash for all you cars and its a bad idea to get a loan for a car. You either "A" have alot of money or "B" drive and buy a bunch of cheap buckets! Im gonna go with the latter...
Or "C" have a sub 600 Fico score or no stable job or no stable residence and have a metro pcs phone.
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Posts: 9308 | Registered: Oct 2004
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