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[QUOTE]Originally posted by *EPIK*: [QB] [QUOTE]Originally posted by Blind: [qb] [QUOTE]Originally posted by *EPIK*: [qb] [QUOTE]Originally posted by Robb: [qb] [QUOTE]Originally posted by TEXAS: [qb] With 8% interest and a 4 year term his payment will be $610, insurance is unknown, but to tell anyone it's a good idea to spend around $750 a month to drive around an 03 Cobra isn't giving good advice, period. [/qb][/QUOTE]Full coverage insurance on an 03 Cobra will be ALOT as well. $800+ a month is crazy for a 12 year old Mustang [/qb][/QUOTE]Can't say I disagree with you guys there. But I've gotten a loan for $26k once, and my monthly payment was $475, and I think my apr was around 7% give or take with a 5 year loan. Also got a loan for $19k with a 3.8% interest rate on a 5 year loan and my monthly payment was $300. If the loan is for $15k, he won't be in too bad of shape, but I suggest having at least $3k down on anyone of these loans. What's even more crazy to me is that a 12 year old Mustang is still worth $25k, I'm sorry but 03-04 Cobras are grossly overpriced! [/qb][/QUOTE]a 5 year loan cost less per month than a 4 year loan? :eek: :eek: :eek: ;) [/qb][/QUOTE]Thus the reason I've always opted for the 5 year loan, cheaper payments. [/QB][/QUOTE]
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