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» Northern California Ford Owners     » Automotive   » General Talk   » You sold your Mustang for a positive(Update) (Page 1)

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Author Topic: You sold your Mustang for a positive(Update)
SSFGiant
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Have you sold your mustang to help with a down payment on house? Or Remodel your home, kids college. For a positive outcome.

I’m up in the air about selling my coyote. It’s a 2014 5.0. 31k on it. I’m looking online and coyotes with 60k on are going for like $23k. I figured I can get some good money.

I’m having my first kid. My lady says we don’t have to. But if it could put us closer to buying a home then I just might....

[ 2020-02-15, 12:06 AM: Message edited by: SSFGiant ]

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2014 Mustang GT
1988 Mustang GT

Posts: 588 | From: South San Fran | Registered: Apr 2011  |  :
adower
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Yep. Sold my 93 cobra in 2009 to buy my first house. Just recently sold that house and used the equity to get into a 800k house.

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98 Cobra
Griggs
S Trim
HRE

Posts: 3274 | Registered: Aug 2005  |  :
SSFGiant
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quote:
Originally posted by adower:
Yep. Sold my 93 cobra in 2009 to buy my first house. Just recently sold that house and used the equity to get into a 800k house.

Thats tough. That’s a Cobra too. Mines just a premium 5.0. But it obviously all worked at the end for you.

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2014 Mustang GT
1988 Mustang GT

Posts: 588 | From: South San Fran | Registered: Apr 2011  |  :
theconductor
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Sell it, buy a house. There will always be a mustang to buy. In fact, after a year, you can buy one outright with equity.
Posts: 298 | From: Roseville, CA | Registered: Feb 2014  |  :
adower
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quote:
Originally posted by SSFGiant:
quote:
Originally posted by adower:
Yep. Sold my 93 cobra in 2009 to buy my first house. Just recently sold that house and used the equity to get into a 800k house.

Thats tough. That’s a Cobra too. Mines just a premium 5.0. But it obviously all worked at the end for you.
It was tough cause I would always look at mustangs while I didn’t have one. The 93 was pretty nice vibrant red with black Interior and bbs rims with an s trim. But it definitely worked out. Sacrificing my mustang ended up with me walking away with over 250k when closing.

[ 2019-08-16, 04:46 PM: Message edited by: adower ]

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98 Cobra
Griggs
S Trim
HRE

Posts: 3274 | Registered: Aug 2005  |  :
adower
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quote:
Originally posted by theconductor:
Sell it, buy a house. There will always be a mustang to buy. In fact, after a year, you can buy one outright with equity.

I agree with this. Unless you have some sentimental value with your car, you can just get another one.

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98 Cobra
Griggs
S Trim
HRE

Posts: 3274 | Registered: Aug 2005  |  :
SSFGiant
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quote:
Originally posted by adower:
quote:
Originally posted by theconductor:
Sell it, buy a house. There will always be a mustang to buy. In fact, after a year, you can buy one outright with equity.

I agree with this. Unless you have some sentimental value with your car, you can just get another one.
No sentimental value. I’ll still have my foxbody [Smile]

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2014 Mustang GT
1988 Mustang GT

Posts: 588 | From: South San Fran | Registered: Apr 2011  |  :
sofresh
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quote:
Originally posted by SSFGiant:
quote:
Originally posted by adower:
quote:
Originally posted by theconductor:
Sell it, buy a house. There will always be a mustang to buy. In fact, after a year, you can buy one outright with equity.

I agree with this. Unless you have some sentimental value with your car, you can just get another one.
No sentimental value. I’ll still have my foxbody [Smile]
Well I agree with everyone else sell it especially since you have a foxbody

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1988 Mustang LX H/C/I

Posts: 236 | From: Bayarea, CA | Registered: Sep 2012  |  :
70stang351w
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It's not a classic there are plenty to go around..

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1996 GT VERT /32v MOD - SOLD
1970 Mustang Coupe M-Code 351w

Posts: 1416 | From: 925 | Registered: Apr 2010  |  :
NEIGHT
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Do it! If it was the fox then I would’ve probably said nah fuck the house, live in the fox. Lol

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-Savage Habits-
1992 Summer Edition
1986 Hatch- catfish killer
1964 Impala hard top

F*ck trump

Posts: 18350 | From: EA$T $IDE REDWOOD CITY | Registered: Nov 2008  |  :
fredfifty
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all good, you have the fox, so sell the coyote. i had an older white guy (look just like joe biden, no joke) say to me while i was parking my fox, that the foxes are going up
in value and gave me a thumbs up. im saying this guy looked like a stock broker type, in his 60s. i never expected that to come out of his mouth. caught me off guard.

Posts: 4899 | Registered: Sep 2010  |  :
sic70stang
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If anyone has ever sold a car for their wedding I weep for your lame ass.

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The anti-crew
1987 rolling safety violation.

Posts: 6905 | From: California | Registered: Jul 2005  |  :
castor
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Sold my 92GT to Lee 12 years ago for a down on my then 2010 Acura MDX SH-AWD. My son was born the next week...
Posts: 1456 | From: San Francisco | Registered: Apr 2003  |  :
SilverCobra7
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Sold my 03 10th Anniversary Cobra a few years ago to buy one of sons a car and for college. Now I'm in driving a '99 GT I had bought a couple years ago for my other son. He's now driving a more economical car for college.

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'03 SVT Cobra 10th Anniversary SOLD
‘99 Mustang GT

Posts: 34 | From: Fresno, CA | Registered: May 2012  |  :
Marks93
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quote:
Originally posted by fredfifty:
all good, you have the fox, so sell the coyote. i had an older white guy (look just like joe biden, no joke) say to me while i was parking my fox, that the foxes are going up
in value and gave me a thumbs up. im saying this guy looked like a stock broker type, in his 60s. i never expected that to come out of his mouth. caught me off guard.

You talkin' about me?? LOL
I always wonder what people think about me having a foxbody being older than most owners. [Cool]
Well, frankly, I don't care, still LOVE it.

Posts: 818 | From: Earth | Registered: Jul 2011  |  :
fredfifty
Since
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quote:
Originally posted by Marks93:
quote:
Originally posted by fredfifty:
all good, you have the fox, so sell the coyote. i had an older white guy (look just like joe biden, no joke) say to me while i was parking my fox, that the foxes are going up
in value and gave me a thumbs up. im saying this guy looked like a stock broker type, in his 60s. i never expected that to come out of his mouth. caught me off guard.

You talkin' about me?? LOL
I always wonder what people think about me having a foxbody being older than most owners. [Cool]
Well, frankly, I don't care, still LOVE it.

haha, dont worry, that will be me years from now...still envying the foxbody if i see one when i have silver hair [Big Grin]

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RIP EDSON VELORO
IM A NOOB, EXCUSE ME. THANKS.
92 LX Coupe 5.0 CARB'd BOLT-ONS SMOG LEGAL

Posts: 4899 | Registered: Sep 2010  |  :
SLOWBACK 67
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I have put my mustang on the back burner for years. But I'll never sell it. Got my 20% and bought a home last year. Have a two year old. Saving up to buy my first big rig now.

[ 2019-08-31, 01:32 AM: Message edited by: SLOWBACK 67 ]

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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.

Posts: 8535 | From: Vallejo | Registered: Dec 2005  |  :
SydeWaySix
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I did...sold my 98 cobra FALEEN and 03 GT to add cash in the bank when we purchased a home. All worked out in the end and a house was worth the sacrifice for sure. Few years later, saved some pennies and upgraded to a 13 Boss 302. Although, I do still miss the FALEEN...

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2013 Boss 302 #356. Performance White. Stock.
1965 Fastback GT Restored to stock spec.

Posts: 9878 | From: Bay Area | Registered: Dec 2002  |  :
NEIGHT
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quote:
Originally posted by SydeWaySix:
I did...sold my 98 cobra FALEEN and 03 GT to add cash in the bank when we purchased a home. All worked out in the end and a house was worth the sacrifice for sure. Few years later, saved some pennies and upgraded to a 13 Boss 302. Although, I do still miss the FALEEN...

Wait.....you mean to tell me you still own the boss?

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-Savage Habits-
1992 Summer Edition
1986 Hatch- catfish killer
1964 Impala hard top

F*ck trump

Posts: 18350 | From: EA$T $IDE REDWOOD CITY | Registered: Nov 2008  |  :
SydeWaySix
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quote:
Originally posted by NEIGHT:
quote:
Originally posted by SydeWaySix:
I did...sold my 98 cobra FALEEN and 03 GT to add cash in the bank when we purchased a home. All worked out in the end and a house was worth the sacrifice for sure. Few years later, saved some pennies and upgraded to a 13 Boss 302. Although, I do still miss the FALEEN...

Wait.....you mean to tell me you still own the boss?
Yes, this one was purchased to keep. It’s going to be handed down to my son and I already promised him that.

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2013 Boss 302 #356. Performance White. Stock.
1965 Fastback GT Restored to stock spec.

Posts: 9878 | From: Bay Area | Registered: Dec 2002  |  :
NEIGHT
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quote:
Originally posted by SydeWaySix:
quote:
Originally posted by NEIGHT:
quote:
Originally posted by SydeWaySix:
I did...sold my 98 cobra FALEEN and 03 GT to add cash in the bank when we purchased a home. All worked out in the end and a house was worth the sacrifice for sure. Few years later, saved some pennies and upgraded to a 13 Boss 302. Although, I do still miss the FALEEN...

Wait.....you mean to tell me you still own the boss?
Yes, this one was purchased to keep. It’s going to be handed down to my son and I already promised him that.
That break your record yet?

--------------------
-Savage Habits-
1992 Summer Edition
1986 Hatch- catfish killer
1964 Impala hard top

F*ck trump

Posts: 18350 | From: EA$T $IDE REDWOOD CITY | Registered: Nov 2008  |  :
SydeWaySix
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quote:
Originally posted by NEIGHT:
quote:
Originally posted by SydeWaySix:
quote:
Originally posted by NEIGHT:
quote:
Originally posted by SydeWaySix:
I did...sold my 98 cobra FALEEN and 03 GT to add cash in the bank when we purchased a home. All worked out in the end and a house was worth the sacrifice for sure. Few years later, saved some pennies and upgraded to a 13 Boss 302. Although, I do still miss the FALEEN...

Wait.....you mean to tell me you still own the boss?
Yes, this one was purchased to keep. It’s going to be handed down to my son and I already promised him that.
That break your record yet?
Yep, I think so lol. Now I’m a believer of just cover it up and forget about instead of selling it

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2013 Boss 302 #356. Performance White. Stock.
1965 Fastback GT Restored to stock spec.

Posts: 9878 | From: Bay Area | Registered: Dec 2002  |  :
i
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Probably sell my foxes for a house or a fastback.
Posts: 1890 | From: Sacramento | Registered: Nov 2012  |  :
fredfifty
Since
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if you are lucky enough to go in on a refi with lets say your grandparents house, then all you would have to come up with is closing costs and not no 20 percent down. its worth a shot if you have really elder grandparents that like you alot lol

and if youre really lucky, your grandparents will be under prop 13 tax assessment exclusion which can be passed on to a grandchild, if i recall.

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RIP EDSON VELORO
IM A NOOB, EXCUSE ME. THANKS.
92 LX Coupe 5.0 CARB'd BOLT-ONS SMOG LEGAL

Posts: 4899 | Registered: Sep 2010  |  :
SantaClara_Cobra
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I have a house in SJ and I’m thinking about selling my fox right now.
Posts: 1385 | From: San Jose | Registered: Sep 2009  |  :


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