05 high insurance cost ...no options...
Well I had to go look at the 2005 Mustang last month. There were four at our local dealership. I was waiting to pick up some parts. I was given a brochure on the car from the salesman ( I already knew him so it wasn't a pressure thing) So I looked at the car for about 10mins. Ford has hyped up this car and for good reason. Its a great blend of old styling cues with modern technology. I have been on many car related sites and many have given rave reviews of this car. I may have to rent one if our local Hertz/Budget dealer ever gets one , to see first hand how this car is. Since it is the dead of winter here you cant really enjoy it.
So I seen the sticker price on the 05 black GT with the leather int and wheels. It was a little over $35,000.
The first thing I thought is that if I was really serious about this car , how could I get that sticker price cheaper. Well I though just eliminate some options right? Well as I looked at the brochure killing some time on my lunch hour....there aren't many options to eliminate. Ford has made eveything just about standard on this car. As of right now all you get to pick is the colour, interior, stereo, one wheel choice,anti theft, interior upgrade package.front side-impact airbags. and some kind of body side moulding. The keyless entry looks like a tacky add-on that is available as an acessory.
I haven't looked at a new car in a long time since 1993. I guess that's the way they are going now with just putting all this standard equipment on a car whether you like it or not. Ford has no direct competition with this car and is definately a sales sucess. I thought that maybe it would have gone really back to its heritage and would allow you to pick the options you wanted much like when they originally came out over 40 years ago. I was disappointed about that. I bought my 89 LX wrecked in Jan 90. I wasn't sure if I was going to keep the car ( basically buy it and fix it) BUT I ended up liking it and what really appeals to me is that its modern enough for me, yet very simple. If I want to improve over stock I can. With the only power options being the mirrors , brakes and steering its as bare bones as you can get. I kinda wish Ford could still do that. As time is passing too I have had the car for 15 years the coupes are becoming more sought after for that reason.
A few days ago when my car insurance came in, out of curiousity I asked my agent what the insurance would be in a 05 GT. The cheapest she could find was $2200 a year full coverage. Some companies wanted $3000 a year. I just about fell out of my chair. I have a clean driving record, had my licence for 20 years. I asked her to check again....she said thats what it's coming up at...I was told that my 89 insurance is still fairly high for a 16 year old car because Mustangs hold their value well and also because they still get stolen and have alot of claims against them..I checked my policy last year I paid $527 a year no collision. I figured the 05' couldnt be that bad ...I was wrong. Well since I dont have about $37,000 burning a hole in my back pocket to outright by the car ( thats a base price with 15% sales tax) not including any freight or other charges even if I put down money and sold the LX I would have a car payment that would almost equal the insurance payment. Not a wise or economical decision. I think for now I'm sticking with the 89' No car payment , cheap insurance and I just put gas in it and go.
89 ' LX 5.0L coupe ex-crash victim.5 sp., 100% stock except for Dynomax Super Turbo mufflers. 2-1/2" tailpipes, airbag in right rear, K&N filter, 4.10's,subframe conn. A plain LX . 14.06 in the quarter [email protected]
mph / 1.79 60' No front sway bar. M/T slicks 3500 rpm launch, 11 psi on 89 octane, timing in the 14-16 degree range Done on a 70 degree day. Best 60' to date 1.77, best e.t. to date 14.01 by my brother.