MotleyCrue
New Member
exactly Modular, i dont understand why people say your upside down here or there, i always figured upside down meant you owe more on the car than its worth.........
03 Cobra or not?
- Thread starter Modular2v
- Start date
-
Sponsors (?)
Modular2v said:Im not even close to being upside down on my car!!!!!!!!!!!! upside down means you owe more on the car than it is worth!!! My cars blue book is about 18,000$ as of right now..... I only owe the bank 7,675$ as of yesterday....therefore if i were to sell it i would have a little over 10,000$ in equity....that is not even close to being upside down!!!!!!!!!!!! I would have gotten a cobra in the 1st place but this is the 1st car i have ever bought on my own and thought i should go the lower route incase i had trouble making payments....turns out im acutually paying about 200 more a month ontop of my regular payment rate to get the car payed off faster.....so i can afford 200 more in car payments a month without any problem....im going to test drive a dark shadow gray cobra on monday!! Ill let you guys know if i bring it home or not!
You won't get 18k for your car.. No way, no how.. Doesn't matter what KBB says.. You'd be lucky to get 16.. Probably more like 15.. All dealers offer me for my 2003 Mach 1 with 7k miles is 18.5k.. Books at 23k on a dealer trade in..
~Stangzorized~
New Member
well the deciding moment is coming tomorrow....i have changed my mind a million times. If i get in the cobra, take it out, get on it and cream my pants ill proably just be driving it home lol. Oh by the way im selling my gt to my Dad if i get the cobra
kirkyg
Founding Member
The problem with this thread is not whether you should do it but first whether this price is good or not. 29k???? They were selling brand new off the lot when the 03's were still sitting there. I wouldn't pay a dollar more than 25k on a used 03 cobra with less than 20k miles. More mileage i would take off more dollars.
kirkyg
kirkyg
neoclasiccl
Founding Member
kirkyg said:
ok guys i have to ask a question and be completely honest!!!! I only owe 8,000 more on my 03 gt, is it honestly worth the money for the 03 cobra? keep in mind i will have to do an axel swap!!! I found this cobra for 29k$ with only 37 miles on the ticker and it hasnt been off the lot yet!!
it's a left over and a new car.
Scootr68
New Member
Local dealer in Akron, Ohio called Montrose Ford has a new 03,never titled Cobra for 27k. The sticker says 34k. I damn near went after it but it was a coupe...I'm a ragtop type of guy. It was pretty sweet though. I'm 35,no tix,no accidents,married,blah blah blah and State Farm wanted $1158/year for the snake. I bought an 03 Centennial Edition GT vert yesterday and my insurance for it is $800/year. Not too shabby if I say 
streetstang03
unModerator
well i just got back from the test drive and i have to have the car.........there is one in dallas that they are shipping up but i think it has some milage on it ( hopefully that will knock the price down some. I really dont want to more than 430$ a month. The pull on that car is absolutely insane. I cant wait to see what exhaust does to it. It is well worth the money
Scootr68
New Member
neoclasiccl
Founding Member
stangboy999
Founding Member
I've been thinking about the same thing, trade in my 01'GT for a new Cobra or keep the GT. I've decided to keep the GT. The Cobras are pretty bad ass but there's a pretty big price difference. My car is almost paid off and is worth about $12k on a trade in. Instead of getting a new loan and adding another $20k in debt I decided to drop about $12k into the GT.
I figure $12k in looks and performance mods would make it faster and probably look alot better than a stock 03' Cobra.
I figure $12k in looks and performance mods would make it faster and probably look alot better than a stock 03' Cobra.
neoclasiccl
Founding Member
kirkyg
Founding Member
Similar threads
