im buying an L pretty soon, (as soon as a can sell my cobra), and i was wanting to know what the average payments on them were and how long you had it financed for,and how much you put down, i've read all the insurance threads but if you can throw in your average price on ins. that would give me an idea of what im lookin at paying monthly. im hoping to have the payments somewhere @ 300 not including ins., but im not sure i can get it that low, i'm aware im buying a 32,000 dollar piece of high performance beauty, so im nt expecting it to come cheap by the way.



thanks,
Cobra

 

Truck note is about $600 a month.30 year mortgage,I think.Didn't really read the paperwork.I just wanted to get it and go.

 

c0bra96.

1) How much do you expect to get for your Cobra?

2) How much cash can you throw in on top of that?

3) Go to your Ford dealership and find out what their interest
rates are for 36 mo., 48 mo., 60 mo. If you go walk into the
manager's office, they will have a board with the info written
on it. They wouldn't show it to me so I had to walk in a look
for myself.

4) Do the same with your bank if you are considering financing
through your own bank.

5) Choose the lowest interest rate for 36 mo., 48 mo., 60 mo..

6) Unless you can get X or A plan, count on paying MSRP. Do
not pay more than MSRP. You probably would not want to
do business with a dealer that marks up anyway.

7) Add up MSRP (or whatever you will pay for the L), tax, and all
of the incidental fees related to buying a new vehicle

8) Subtract from #7) the sum of #1) + #2). This will be what you
will be financing

9) Look for an online loan payment calculator. Like this one
Calculate what your monthly payments would be if you did 36
mo., 48 mo., and 60 mo.

10) All things equal, you pay will less if you pay off the truck
faster. But that means high monthly payments. So based off
of #9), chose what you think you can afford now and 3,4, or
5 years in the future.

11) Don't forget about insurance, gas, and mod budget when
doing #10)

12) Don't worry to much about making the wrong for #10), you
can always refinance (if you have chose a good financing
institution, they will not charge a fee) and get a monthly
payment that works.

Hope this helps.

 

You don't want a new 03 Cobra? MSRP is about 3k more than an L. It's still a Ford...

 

dang, thanks bro, nah i live in galveston, texas, an island, so i want a truck and my mind is pretty much set on the L, the insde is beautiful, and the outside is equally fine. plus my ins. would be alot higher on a cobra than an L, ( truck vs car). what is the average interest rate on the L?