Buy now or wait till November - Ford Mustang Forum
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post #1 of 10 (permalink) Old 10-24-2008 Thread Starter
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Buy now or wait till November

I am about to pick up a new 09' from my local dealership. The question is do I wait for November for a better deal?

I would think in light of Fords current financial situation they mentioned this month that they would be offering some kind of a better incentive come next month. Right now they are offering $1500 customer cash up from $1000 last month. I wonder if it would go higher?

Anyone have any thoughts?

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post #2 of 10 (permalink) Old 10-24-2008
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I would wait and see,should be bale to get a better deal....

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post #3 of 10 (permalink) Old 10-24-2008
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I am conservative on this issue and if you are driving a car in decent shape and is possibly paid off, or about to be, do not incur any additional or more debt at this time. Keep your job and your head down. Continue driving the present car at least through the winter, take the money you would have put down on the new car and add to it and in time when you can, buy the highest rate 6 month CD you can and wait for at least 6 months. I know you want the new car, but with a little more money to buy it in 6 months, the deals might be better or you at least will have more down payment money. At least think about it.
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post #4 of 10 (permalink) Old 10-24-2008
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I'm in the business, and I don't think the deals are going to get any better. The dealers and I mean all brands, are doing what they can to stay open. If you think that's not good enough, then keep waiting. Finally, we are in for a long downturn and you need to be sure your job is secure.

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post #5 of 10 (permalink) Old 10-24-2008
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If you can find a new 08 Mustang GT it's $4,000 cash or 0% financing for up to 6 years. This offer ends November 3rd. May be possible to still find an 08 as bad as sales have been. Go to a dealer and they can search for you. Also if they find one you like you probably can get them to wave the fee to have it brought to their dealership if you ask.
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post #6 of 10 (permalink) Old 10-24-2008
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agreed, 0% interest will save you about $3K to as much as $6K in interest alone, depending on your current credit. that's a good enough deal if you ask me.

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post #7 of 10 (permalink) Old 10-24-2008
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I'd stick it out & wait for the 2010 model. If you gotta have it now, then go for the 08 model with the bigger rebate.

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post #8 of 10 (permalink) Old 10-24-2008
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Save your money, then when you are ready to move on a car, wait until the very last day of that month. Right now as slow as the Auto industry is, any dealer that has been slow will practicly give you the car just to make their numbers for the month.
The dealer that I work for has been doing just about everything to get rid of all the new cars they can. They gave a guy with a 89 toyota 4x4 ( 230k ) $2300 on trade and knocked the car he was buying almost $3700 below invoice.
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post #9 of 10 (permalink) Old 10-24-2008
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If this will be your daily driver, I'd wait until spring unless you get an unbelievable deal. While the current generation handles better on snow than in the past, it's still not fantastic.

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Agree with the others. The economy is going to get worse before it gets better.

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