Ford Mustang Forum - View Single Post - thinking of switching to 5.0.
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post #35 of (permalink) Old 06-30-2014
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Originally Posted by akeemjvasser View Post
Thats interesting. Explain that first part to me though,. How could I end up oweing more. By my car costing 26000 is that basically buying a car that cost more than 26000?
If you dont re-finance, you're on the hook for $26K. When you roll your car in to trade it in, they will offer you 16K. So now you're on the hook for $10K right off the bat. The dealer will pat you on the back and tell you not to worry, that they will roll your negative equity into the 'deal' for your new car.

2011 Mustang GT M6 3.31s

Matt HONEYCUTT Tune, Lethal Off-Road X, GT500 axlebacks, J&M LCAs, UPR UCA, Whiteline LCA relocation brackets, Eibach Pro-Kit Springs, Koni STR.T shocks/struts, GT500 strut mounts, SR Strut Tower Brace

Best 1/4 E/T (05/18/14 MIR - no tune, X-pipe, or UCA): 12.920 @ 109.40 mph (2.059 60ft)
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