How Much do I pay per month for my 2018 Mustang GT?

[@LlamaSpeeed]

He paid 30k down, and pays 600 a month for 24 months. Youre welcome enjoy your saved time.

[@JustACarGuyNamedTom]

You forgot the gas and insurance info!

[@Fingamyaz]

$183 a month. 1100/6 months. i'm 27 and i pay the same rate as you with State Farm. No ticket or accident for pass 7 years. Progressive rate me at 10-20 dollar cheaper.

[@toomuchsauce3389]

🙏

[@senorpepper3405]

he must make pretty good money. i put 17000 down on my ecoboost. and 300 a month for 3 yrs

[@nikobec6482]

Can i buy it like this in Europe? Its really my dream car i will do whatever it takes to buy one

[@Kingsec10]

7 months later you can buy his car used for 30,000.🤦🏾‍♂️

[@dillonbuckley4618]

Fr bro! Ill probably never buy a brand new car

[@hectorswrx7902]

Big Kunta too low. high 30’s is the right price.

[@sidharthchand8072]

Mostwantedskillz He’s a car guy he won’t keep her longer than five years

[@enocmorales5422]

Bro there’s one in red and 2018 rn for $32k and it only has 5k miles

[@lancebrown8823]

Should have bought a house, better investment.

[@Boblib1970]

Saving 30+ grand by 22 is awesome. But as someone who is a bit older and with a different perspective, I would've bought a 10K beater and put the other 20 G's down on a small house or condo and built some wealth. You don't realize at 22 how young you are and how much time you have to play around later in life. Build wealth first, play second. I was similar to you when I was your age, and really wish I would've skipped the IROC I bought at 18 and just saved for a condo at 22 instead. Enjoy the Mustang though. Nice car. Just my .02

[@OctaneStreet]

You know, I hear a lot of people tell me something similar and.... even though I believe this advice is the best way to go about things, the urge and want to own a mustang is just too strong to resist... I'll be buying my mustang next year and I'll be damned if I ever regret the purchase! Haha

[@senorpepper3405]

good advice. you just never know what someone situation is though. he may have rich parents or something. putting 30 down and financing the rest over 2 years that comes out to 600 a month sounds like he could of bought the thing outright and he's just building credit. whatever it is, it doesnt sound like a normal situation. if he's 22 and graduated college the year before he would still have college loan debt. i guess he coulda lucked out and got a 50-60k a year job without a degree, lives with his parents, and been saving for the past couple years before this. but thats abnormal because few individuals start out at 19 or 20 making that. so i dont know. definitely not typical.

[@DnRprodxIL]

I went that route. Currently in the market for a new premium. Garage eye candy

[@karag6556]

Opening a credit card is good advice for building credit, but more importantly, pay that credit card off every month, because that credit card will ruin your credit otherwise.

[@JustACarGuyNamedTom]

That's what I do. I have 4 right now, and I pay them off at the end of each month

[@s550daric]

michael barkley Just some insight from a car salesman, credit is great and all but if you’re a first time buyer make sure you have at least 30% of the vehicles price as a down payment saved up. Because banks typically only even think about approving first time buyers if they put down 30%.

[@boomshakalaka8054]

30k down , that's about 20 percent down for a house!

[@mr.boostang2064]

boom shakalaka hes smart cuz now with his super low monthly payments he can save up another 30k easy

[@deaconhollow]

30k=20%... 120,000$ yeah 20 percent for a dirt dirt dirt cheap run down house than yes that's 20% for a house.

[@tomvn22]

jordan holm how about 20 percent is 30k the house is 150000 not 120000

[@SalsaColombiaUS]

Where can I find one of these houses? Where I live the average is $600,000

[@ZACH_95_]

Salsa Colombia well then you should probably move. Where I’m at here in Fort Worth, I have a 4 bed 2bath 2000sq home that I bought for 170G

[@jasonlsimmons]

Congrats man! 22 in a GT is a feat! Just got a 2018 GT base 6spd in Magnetic Metallic. I pay $452 per month over 84 months with zero down. My insurance in Raleigh, NC is $65 / month. I'm a 40 y/o divorced male with clean driving record.

[@JustACarGuyNamedTom]

Thank you! It feels really good to look at this car and know that's mine. And that does sound like a sweet car

[@padistedor]

Jason Simmons how much of the $452 in each payment goes to interest?

[@padistedor]

god yeah he really screwed himself with those payments.

[@jasonlsimmons]

god unless you know how to turn that 40k into something more. Why you think folks lease 100k Mercedes?

[@jasonlsimmons]

They can make more with that 100k than what the payments would be. Simple.

[@3star2nr]

Dude.... You had 30,000.00 cash and you bought a 2018 GT? AND HOW did you still need a cosigner. Bro you should have waited another few months. Or bought a used Shelby GT350. Or gone to a better dealer, the big dealerships would finance you by yourself to get that with not that much down. You NEVER want to spend your liquid like that especially on a depreciating asset. Money could have been spent way more productively brother :)

[@JustACarGuyNamedTom]

Banks suck when it comes to getting approved. And right now, I'm putting a lot of money away towards a house. I didn't get want to get stuck with a long car loan since I knew I wanted a house in the very near future

[@death3758]

Just A Car Guy Named Tom im a new subber here but what do you do for a living haha

[@floored3078]

I would have gotten a 2016 gt350 aswell for 45k

[@ILeapZHD]

I’m only 21 and put down 17k on a 31k car. I didn’t have to cosign because my credit is 734. Lol

[@dattape2828]

I would spend under $20K for an early model coyote :)

[@stevenkraus1679]

Its awsome you were able to put that much money down you are ahead of the game. I just bought a loaded 18gt msrp $52,300. I pay $575 per month but my insurance is only $85 because I bundle it with home owners and have a perfect driving record

[@JustACarGuyNamedTom]

In the next couple of years I will be bundling more insurance costs together to save. I'm hoping to get a raise soon at my job too to help with the payments. Also $575 isn't bad either. Especially on a loaded car

[@Teh_Chosen_Juan]

Ride The Lightning wow that's not bad! Whatd you put down? Im looking for a 401a pack next march. Probably a 2018. $575 isn't terrible and you're at $52k!

[@stevenkraus1679]

GpieTheEntertainer well I negotiated it down to $48,500. I think it was something like 15k between cash and trade. I did a longer term 72months but I will trade it in 3 years when the warranty is up. I like new cars. By the way this car is awsome! If you can I highly recommend the magneride. Coming from a 15gt performance pkg the suspension upgrade is awsome. Such a nice riding car!

[@Teh_Chosen_Juan]

right on man! thanks for the info. just got 11 months until my current lease is up. :( soon enough she will be mine! ;)

[@cookiemonster9020]

Ride The Lightning new to buying cars but wanna trade mine in when warranty is up. Do you get trade in value or?

[@ghafooryrahim2233344]

Great video! I just bought my 21 Mustang GT at 19. I did what the dealer said most people do, well sort of. I put 8k down and signed a 5 year loan so I also pay around 600 a month (582 if we want to be exact) I bought my first car at 18 (2020 Nissan Altima) and that helped me build my credit so I have yet to get a credit card. My dad cosigned the Altima and I got my mom to cosign for the mustang for a lower interest rate. I was offered the loan at 14% without a signer and when my mom cosigned, I got a 1.49% interest rate from the dealer. I also negotiated about 5k off my MSRP. Please do not take this as me trying to one up the guy in the video in any way, I'm just sharing my personal experience hoping to help others 🙏 It's worth mentioning I still have the Altima. My sister is driving that around for now but once she gets her own car that will be my daily If you're wondering: Insurance: 253/month (19 year old with a reckless ticket in Northern Virginia) Gas: 180-230/month (I drive far more than the national average. About 1.5k-1.8k miles per month) Please be sure you're prepared for the worst. I'm thankful that I was because 2 weeks after I got the mustsng, I got nails in not one, but 2 tires. They're run flats. It cost me 300 PER TIRE. This included the mount/balance, etc.

[@smurfeco2.358]

I financed my car with my own bank they offer you way better interest than the dealer

[@JustACarGuyNamedTom]

That's the same reason I went through a credit union. The dealer was in shock that the interest rate was that low

[@smurfeco2.358]

Just A Car Guy Named Tom I was actually paying 600 for a ecoboost mustang 4 months later I refinanced with my own bank and gave 6k down payment . Went from 13 interest to flat 3.6 still kinda high but it’s better than the 13 lol

[@JustACarGuyNamedTom]

That's a lot better for sure! It pays to shop around for sure

[@ILeapZHD]

Just A Car Guy Named Tom my bank gave me a higher interest rate than the dealer. Assholes!

[@lancebrown8823]

It will all work out.. I bought a brand new Camaro RS for 12k back in 1991 at 22, couldn't afford the Iroc. My father bought the car actually. I paid him back weekly. I was able to keep it on his insurance. I was good, no accidents, tickets, and I paid him back. Only bad thing I didn't establish a line of credit. At 27 to get that credit. I bought/financed a used 1990 chevy 454 SS, it was already decked out, chrome, braided hoses MSD. I put a cap on it. I put a 10k stereo system in it, 4 15 inch subwoofer's, mids, highs and low, 1000 watt amp, 2- 500 watt amps and a 60 watt amp. It was bad ass. Still l have 🏆 in my basement after 25 yrs. I bought an used Acura for 4k for the winter. 454 tires would just spin in the snow.. All finaced by myself and paid off. At 30 I sold my truck. Paid for engagement ring. Got married and bought a house for 124k. Two boys later now 18 and 21. Home worth 350k, it will be paid off in 4 yrs. I dive a 2016 Chevy Silverado Z71 Rally 2 Edition. I am thinking of trading it in for a Mustang GT. Mid life crises. Lol. If I had a due over/invest in realastate, thats seems to be where the money is at.

[@KINGKJ2REAL]

I bought a used 2016 premium performance pack GT with 38k miles. For 26,500 I’m 23 716 credit score. Got approved for 25k loan. Will be paying 420 a month for the car and around 140 Insurance’s month

[@KINGKJ2REAL]

Car is coming rims and roush exhaust. I already bought intake lowering springs. Demon eye lights xpipe tuner device catless down pipes new spoiler wicker bill and new grill. And i haven’t even got the car yet lol

[@JustACarGuyNamedTom]

That sounds pretty sweet! Plus you might be like me when it comes to looking at car parts haha

[@Dee--Jay]

dealers want you to put money down. they keep some of that money. you better off financing the car with 4 or 5 years and immediately giving them the 30k and continue with your payments. car still paid off in 2 yrs

[@NotBad152]

Dude I have been saving for a camaro 2ss and honestly I’m glad I ran into your video because it helps me realize what I roughly could be spending.

[@JustACarGuyNamedTom]

I'm glad! a V8 car is not cheap haha. A Camaro might be a hair cheaper in insurance though

[@sbrad09]

44k our the door and you get cloth seats? That car will be 19,900 in 1.5 years on the used market.

[@JustACarGuyNamedTom]

I'm keeping this car forever though. And I got almost every option plus it was custom ordered

[@sbrad09]

Just A Car Guy Named Tom not your specific car, but generic GTs with cloth interiors are a dime a dozen. If I were going to spend 44k on any car, it better come with leather seats!

[@floored3078]

Bradley Steven its a performance pack.. lol Fuck leather, buy some aftermarket Recaros and call it done.

[@sbrad09]

Alvin Geroy it’s 2018 bro....cloth seats belong in the 80s. Guy drops 45k on a GT and STILL has to spend thousands more on Recaros. Come on maaaan. That GT will be had for like 24k on the used market in a year or so.

[@floored3078]

Bradley Steven leather gets hot during the Summer, I would have gotten an under 10k miles gt350 for 45k though and had magnetic Ride, and had a shelby with a cobra badge. Oxford white with blue stripe, A Gt is a Gt, But a shelby gt350 with a 5.2l 8,250 rpm 526hp engine and cross drilled rotors/front 6 piston brembo brakes and 4 piston rears is enough to make me mortgage my third house.. lol

[@mustanggang5.0]

People dont live above your means. A new mustang looks nice, but unless you have a financially stable life just keep driving by the "stealership." Cash is king so if you can buy car out in cash do it.

[@RRR-jd2oy]

Don't feel bad Camaro guys are paying more and their cars are slower

[@JustACarGuyNamedTom]

Plus the Camaro doesn't drive that well..... I'd have to get the shift lock out as soon as I get the car. AFM is a whole different mess

[@House_of_Schmidt]

So in november of 2014 i got a base 2015 mustang gt. Sticker on the car was like 34k. Got some discounts and put 3500 down. With taxes i financed around 33k for 6 years at 1.24 percent interest (interest is going up on all loans btw) and i pay 465 per month. Im in new york and have a perfect driving record and my insurace has consistently been just under 100 per month. I bought the car when i was 23 btw and im currently 27. They love to tell you that when ur over 25, insurance will get cheaper. It may not. Before 25 i had the "college student" discount and as soon as i was over 25, that went away and the discount for being over 25 kicked in so it didnt change my insurance at all. The 0% apr offers are typically only if u pay full sticker price for the car. As soon as u start negotiations, that goes out the window so take that into account.

[@JustACarGuyNamedTom]

$100 a month for that car is pretty good. And I got told the same advice for a 0% loan. It's pay them upfront or pay them later haha

[@mikecampbell1022]

No one should tell anyone else what to do with their money, however if you had 30k saved up you could have bought a 16 or 17 GT Premium cash. Looking at the cloth seats you bought a base model GT. Which means that all the cool stuff that Ford advertises for the 18, you didn't get. Probably because those cost well over 50k. You could have taken that monthly payment and went after market and brought a 16 or 17 up to the same performance of an 18, all without a monthly payment. I know people that have run to Ford for the 18 with all its cool features only to leave with something less than what they wanted. Buy used and let someone else take that initial hit. There will be plenty of used 18's on the market next year from people who bought the wrong car and had to trade it in.

[@VesselFitterguy]

I drive my 2020 700miles a week. Mostly highway and turnpike. I fill the fuel tank up every 3days. Love this car. Had a 2011 Jeep Wrangler unlimited bfor this. And I'll never go back

[@rudfil]

I like this car. I rented a 2018 GT recently and man this Mustang GT drinks gas like a drunken sailor, lol. I went thru a tank of gas in 3 days but it sure was fun while I had it.

[@JustACarGuyNamedTom]

I just broke into 16 MPG over the weekend haha. This car is all about smiles per gallon though

[@sinisterhates8870]

Spending damn near $1,000 every month on any car is about the stupidest thing you could do UNLESS you’re already living on your own, got your life together, etc. if you’re not supporting yourself, DO NOT GET A CAR THIS EXPENSIVE. I bought an 04 Mustang for $4,000 (bought not financed) and it’s been a blast driving it. It’s also a beautiful car so no, you don’t need to break your bank account just to have the newer things in life. Get your life together & then treat yourself.

[@400hpmustang]

Bought my 14 GT/CS with 9k miles for $28k @ 2.99% with the Ford racing handling pack installed. Plus Flowmaster mufflers and a CAI, not that I care about a CAI and all the original parts. My insurance is about $800 a year for full coverage. For me it was a no brainer, single owner, never saw rain/snow, professionally bullet proofed for 2 years and actually spoke with the previous owner. In 1 year it will be mine, cheers.

[@JustACarGuyNamedTom]

You can't argue with that. A well kept single owner car is always a good deal. Especially when you can talk to the original owner!

[@400hpmustang]

Prices on just about everything come down to reality after a couple years. Just looked at a 17 gt350 with 18k miles on Carguru for $47k. Another 17 with 720 miles for $52k. Buying a brand new car off the lot has to be one of the worst investments one can make, well besides a 2005/06 Ford GT.

[@JimmyMakingitwork]

Its amazing the drop in value on these cars. Having a loan declined with $20,000 down tells you a lot about resale value on any new vehicle. Nice car though!

[@JustACarGuyNamedTom]

Thank you! And no, you're right. Cars lose a lot of value in the first few years. I usually like to keep cars long term though

[@TehZured]

Someone offered me $37k for my 2017 mustang with 17k miles lol

[@pharmd718]

he put 30k down and his dad had to co-sign. He financed $13,400. Monthly payment is $567 for 24 months

[@timothyrhodes4154]

I’m 18 and just purchased a ‘17 GT350, wonderful car but insane insurance and car payments haha. Financed by myself as well

[@JustACarGuyNamedTom]

When I was 18, there would be no way insurance would even have covered me haha. I totaled my dad's truck at 17, so that took a few years to finally slip away off of my record

[@ColdSid]

18 in a GT350 ? May I ask how you did it how was you approved ?

[@djwarren5081]

You're a cool guy with a cool car. Enjoy your ride Tom.

[@KlipschHead281]

20k down and you were turned down?!?!? Dude.

[@JustACarGuyNamedTom]

Yep, that was my reaction too. These people make no sense sometimes

[@fabriciobecerra1031]

Yea that’s pretty insane , I work at a dealership myself, did you mention you had 30 k or near 30 k to drop before hand? Because then that what get the salesman to try and drain as much as he could from you

[@toughvictor12]

I put 2k down for a 2018 5.0 base model priced at 34,900 and monthly payments are 620$ first time buyer as well

[@SuperNathan777]

Gustavo Lopez yeah something’s not adding up. No way in hell would a car salesman turn someone away that was putting $20k down. That’s stupid. Shit if you have a $5k down, they’re more than likely to help you out. It’s just those people who have shit credit and no money down that they don’t want to deal with.

[@tez_foe4382]

@@toughvictor12 , $2000 Is Not 20% Of 34,900.

[@broadspectrum8933]

You did pretty good putting down that much. I would say any car over 20,000 put 20% down at least and make your loan short as possible, you did twenty four months that's ideal. Sorry to put it like this but rent a mechanics stall at your dealership because it will spend as much time there as it will in your garage. The 2018 Mustang GT just didn't make the grade as far as reliability goes.

[@anthonyxzavior5775]

Got extremely lucky.. Just bought a pre certified 2019 mustang Gt base with 10 speed in ruby red with 435 miles on it. Literally bought new by an old couple 2 months ago that traded it back in for a Suv... For 28,100$ I feel like I got a steal. It's as new as a used car can get.

[@mihirpatel9356]

Florida's insurance is high. Take a look at Michigan. Man if I had at 2018 Mustang GT. I would sit at 3000-4000 dollars every 6 months and that probably with my good driving record and my GPA discount from college! LOL Good Job with the mustang! Love it!

[@JustACarGuyNamedTom]

Thank you! And I'm hoping to get more discounts now that I'm back in school

[@stephenlane2826]

So how much did the car actually cost. The msrp minus the discount the dealer gave you off. Not the total out the door.

[@JustACarGuyNamedTom]

$39k before tax and fees for my car. MSRP was $43k

[@OctaneStreet]

Congrats to you for saving up $30k man, hope you enjoy the hell out of it.

[@khalifajalivay]

That insurance and gas are my Dream bill prices. Own a 1994 bmw, same age as you, no accidents, all the discounts, and I still pay $400 insurance and gas is like 120 a month

[@diegolerma1516]

never put 30 k down for a car

[@fabrizioisaacson3574]

Great advice given in this video 👌

[@darcsystems]

I bought a 2015 GT Premium for about 32,000. I put around 7500 down, and my loan was spread over 6 years (cuz I was trying to keep it around 400 a month) and I'm at 412/month. Can't wait to pay this off and free up that cash.

[@JustACarGuyNamedTom]

Tell me about it. I can't wait to pay off my 2018 so I don't have to watch money leave my bank account every month haha

[@robgp69]

I Just bought a new 18 base GT auto for $31,500. It's always best to wait for the newer years to roll out. You can get a whole bunch of rebates on previous year models.

[@kirsitompuri4150]

Your Mustangs are so cheap in USA, you are so lucky. Here in Finland new GT cost 104 000 dollars. Like your content.

[@JustACarGuyNamedTom]

Thank you! And yes they are. I found out the EU spec base Mustang is the same as our Premium Mustang. I've seen a few people over there import US spec Mustangs

[@BB-zv8tx]

Yeah, Mustangs cost more here, but to be fair, other than in scandinavian countries, price wise they aren't that far apart, since EU spec cars are all equipped with premium&performance pack as standard. Add in a couple of grand for shipping and customs and you're about there.

[@tomvn22]

Just A Car Guy Named Tom i live in the netherlands and i shipped a mustang to here, but we have to pay a tax called ‘bpm’ that if you buy a 2018gt can be about 50k just for that tax. And the car is like 38000 dollar, but don’t forget the shipping cost etc

[@darrenserati9050]

That's because your taxes are ridiculous to cover all the socialist programs.

[@XxGEniSiS]

Kirsi Tompuri exactly that's why I have sold TWO into Europe and profited almost 70k

[@morganharris2413]

Congrats! I hope you enjoy It! I also wanted to pay for my mustang in full, but as I get older, I get a bit wiser. If you want a $30k car and have the $30k in cash, you COULD buy the car outright and save yourself maybe $4k in interest... Or you could take that $30k and put it in the market in a decent ETF and make about 12% a year, and just finance the vehicle. By the time you pay off the vehicle (6 years), that $30k will be roughly $59k. I'll never pay for a vehicle in full. I'm 25 years old and have roughly $20k in the market and only put $1500 down on my mustang. I do, however, make $1200 payments (my note is only $538) to stay ahead of the depreciation.

[@JustACarGuyNamedTom]

That's the big debate. To put down a high amount of cash or pay big payments to avoid going upside down on the loan. And I for sure will invest more money in the future. Right now every penny that doesn't go towards this car is going into my house fund

[@FallenKiid]

What’s ETF

[@morganharris2413]

@@FallenKiid exchange traded fund

[@markt1067]

I work at a dealership and most people don't put that much down. You did it the uncommon way but yes, most people finance most of any car or truck because people don't have 10000 / 15000 never mind to put it down on a car. Just the facts. I personally finance the most of any car because I invest and autos are a depreciating asset and I will never put a lot or cash for a car that one day will be worthless

[@JustACarGuyNamedTom]

That is very true. I want to start saving up for a house very soon. So that was a big part of my plan

[@Alexandrius_Caesar]

70 a month on gas?? What do you drive? 5 miles a day?? My friend’s C63S gets 13 MPG and he drops nearly 70 a week on gas!

[@JustACarGuyNamedTom]

This isn't my daily driver. I spend around $35 every other week

[@Alexandrius_Caesar]

That makes a lot more sense. Thanks for clarifying, man.

[@TheGuitarjunkie64]

Mustangs drop like rocks !!!!!!!!!!! In value. Why would anyone unless they were comfortable financial wise pay 30,000 for a 40+ k car. The value is gone . The issue with mustangs is they are a dime a dozen. Everyone and their teenage son is driving a mustang. You could’ve started off small with small loans, and then bought that car with 0 money down. At least a year or two old. Then turn around and sell after owning for a few years . Damn .

[@JustACarGuyNamedTom]

I didn't buy this car to flip it after a few years, I bought this car to drive forever

[@AV1978AZ]

I call absolute BS on getting turned down with 20k down unless you have the worst credit on the planet.

[@JustACarGuyNamedTom]

They claimed it was the lack of credit history. I had (and still have) excellent credit, but with only credit cards and no loans

[@self2003]

That's pretty bad when your credit is so bad that they won't take your cash. LOL

[@JustACarGuyNamedTom]

To be fair, at the time I had NO credit and not BAD credit. But the I agree with that. People take out bigger loans with worse credit and get approved lol

[@mikejautosandstuff3349]

Hey there Your insurance is not bad!!!! It's really good!!! With these types of sports cars YOUR GONNA JUST HAVE TO PAY FOR IT LOL. I'm 50+ years old single clean record and 15 years with the same insurance company and I pay $2,088.00 every 6 months policy. Insuring a 2016 mustang GT and a 2018 camaro SS. With $100,000/$300,000 liability and a $500 comp and a $1,000 collision deductible. Believe it or not the mustang GT is actually more to insurance then the camaro SS. lol I believe mustang just crashes more 😬

[@JustACarGuyNamedTom]

It's annoying to pay so much, but you are right. Got to pay to play

[@mikejautosandstuff3349]

Just A Car Guy Named Tom 🏁 yup!!! 🏁 just work harder!! Lol.

[@timnugent6178]

Thanks for the info , keep up the good work !!!

[@Alexurone]

I recently went to a ford dealer here in NYC and they wanted me to pay something like $739/month for 72 months(cheapest of 2 options) to finance a basic 2018 EcoBoost...i found this to be outrageous, that's over $52,000 for a basic EcoBoost...is this normal?

[@JustACarGuyNamedTom]

That is VERY high for an Ecoboost! That's loaded GT money. I would find a new dealer for that price

[@calebpechumer2030]

Hate when people don’t understand how different octane gas works.. do NOT put 87 octane gas in your high compression sports car engine

[@JustACarGuyNamedTom]

If it calls for a certain fuel, you really do have to use it. My car will run on 87, but it for sure runs smoother on 93

[@angel2703504]

It’s took 3 min and 30 seconds to finally spot the payment amount. Is that really necessary?

[@hectormontes7664]

You would have been better off financing for 4 to 5 years...put the money you save in a bank that accrues interest...making sure you Keep the Mustang for the 4 to 5 years and keeping it pristine as possible.

[@danielwebb9306]

Congrats brother I have a 2015 mustang gt premium with the performance package an my payment is the same my insurance company who I deal with loves my car all so but I definitely love my mustang gt but I'm stepping up to the gt500 that's my dream car I do know that car is expensive an the insurance company loves it but I'll love the car more cause it's what I want

[@patrickphippspa584]

Saw your video regarding the 2-3 transmission issue and decided to subscribe. I think you're going to do well on your channel. I also live in Florida, Broward County. Curious what county you're in. Thanks for the efforts on your channel buddy.

[@JustACarGuyNamedTom]

Thank you! I'm in Hillsborough near Tampa. Always got to love the local support

[@argobatts5022]

You didn’t get approved on your own with 20000 down!?!? I have no hope then 😕

[@everyonewasstealingmynamea919]

Just my two cents, I’m 24 and I’ve saved up a little over 40 grand but I’m going to use that to buy my home then I’ll buy my toys and keep them safe in my home lol, I drive a 2004 GT 5 speed with 96k miles on the clock and I paid it off 8 thousand dollars..

[@ghaleon128]

While I'm sure there are select few out there who appreciate this info, if the objective was to give info to the AVERAGE consumer/car buyer, I'd say your situation is unique enough that the info is pretty unusable for most people. I, for one, do not have $30k to drop on a down payment. Plus, when most people buy new cars, they don't opt for a 2 year loan. Add on top of that most of us are not reliant on our parents as co-signers anymore... So looking at all that, this video doesn't really tell the AVERAGE consumer jack squat about what they'd be paying for the same car. :P

[@cameron0751]

The color of your car has no bearing on your car insurance payment.

[@JustACarGuyNamedTom]

I tell people this daily. People seem to doubt me on it. The car's insurance is the same for each color

[@DefendUSA1776]

I am older than you and I had a 2014 Mustang GT Premium, my full coverage insurance with $1000 deductible was $800 a year. My payments were $600 a month, 2% interest, just trade in for 72 months. Financial advice... LOL... Penfed, I deal with them as well. Keep great credit with them, they will boost your credit limits higher and higher. I started with a card with a $1k limit and within 3 years they jacked it up to $21k. It is their gas saver card and the only thing I put on it is gas, but still the credit limit helps my overall credit score. Dump progressive, if you got Penfed because of your dad, you should be able to get USAA insurance because of him as well. USAA is cheaper insurance, but admittedly they are a massive pain in the ass when you have a claim. Still better than progressive though. So save some money and buy guns with that money :)

[@senorpepper3405]

you put 30 down and financed the 13400 over 2 years and you dont have the money for the car? that dont sound right.

[@ss-zt7en]

Never buy a brand new car off the dealer lot never.

[@RoyalKennedy601]

Im looking at 2018 GT Premium Convertible with its options the MSRP is $51665.00 My price on it is $48,200 out the door . That's a strong price I was going to put 20g down and finance the rest . I live in upstate NY so we have salt on the roads . That means I wouldn't be able to drive it Dec-March Otherwise It would have rust by yr 6. I may back out of the deal because I really struggle with spending this much for something that's depreciating .

[@JustACarGuyNamedTom]

I mean if you want it, do it! Like is too short not to get what you want. These cars are all about having fun and not worrying about resale value if you ask me. Get your money's worth by driving it

[@koolkitties8552]

You can get a classic car for 20k and it won't depreciate.

[@al151]

Well i can find a brand new 18 gt for 30 grand even! 10 g’s down $400 a month is not bad!

[@sixwheelcarlisle8491]

Premium is only recommended for the 5.0L if you are towing something or extreme duty/ drag racing. The manual recommends 87 and nothing less. My 2017 GT runs great on 87 octane fuel. 😁😁🤓

[@JustACarGuyNamedTom]

According to my car's manual, 87 is required with 91 being recommended for hotter climates. I live in the humidity capital of the world here in Florida so I always do 93

[@sixwheelcarlisle8491]

Just A Car Guy Named Tom That’s fair lol, I live in Pennsylvania. I just didn’t want you to have to pay for something you might not need.

[@AJ-bi6ns]

567 for 24/mo is awesome, 0 to low APR on cars is a wash especially on low length loans. Your insurance is pretty good as well for your age must have a good record!

[@JustACarGuyNamedTom]

Yeah I shopped around for a good loan haha. And my record is atrocious, but every accident was over 3 years ago

[@torres870rem]

No. The eco is $34. 00. The GT is about $60.00. Also last 4 days. On GT.

[@stevenauman]

I got my 2018 base GT with performance pack for 38200 total out the door. Very happy with the car. Put 8k down and finances 30k at 2.9%.

[@JustACarGuyNamedTom]

Now that's a pretty good price. That's right around what they're asking for similar cars here. Plus 2.9% is a decent rate for a financed car

[@stunna_CODM]

For a 19yr old insurance is 500$ without co-sign and 350$ with co-sign on a 2013 gt

[@JustACarGuyNamedTom]

That'a what it would've cost for my Tacoma with my record at 19 😂

[@Cba409]

Do you drive a mile a day? I have a v6 and spent 80 bucks on gas the first week.

[@VesselFitterguy]

Ford claims 460HP at Crank Actual Dyno Results= Stangmode KZbin Dyno= 425HP at wheel. Says car is severely UNDERATED. Math comes out to 497Hp 390FtTQ at flywheel. So the 5.0 is basically a 500hp car stock. LMR.com Stock 2018 10spd Dyno Results= 415 Horsepower 397 Torque to the wheels. Camaro SS 6.2 has ONLY 455 horsepower at crank 409hp+439ft TQ at the wheels. Think about it. The Ford has the smallest MOST powerful per cubic inch N/A V8. If they could get the body weight of the car down noone else would stand a chance. Dodges closer sized Hemi 5.7 liter has almost 100 hp less at 375hp at crank. The Scatpack has the 6.4L with 475hp at the crank. Chevy doesn't have an engine near the same cubic inch/liter size that comes within a mile either. Why's dodge and chevys engines so much weaker per cubic inch or liter. Prove me wrong. There's no other N/A American V8 that comes close. None. Fords 5.0 is the most UNDERATED engine America has BAR NONE! And don't even get me started on the 10 speed tranny. Ford is at the top of the TOTEM POLE per cubic inch, FOR MUSCLE CARS FOLKS.

[@Opfor-NYC]

I’m paying 483 a month for 2018 eco boost premium fast back, with 277 a month of insurance. Dropped 5k for down payment.

[@JustACarGuyNamedTom]

That's not too bad. And with any luck, that insurance will go down with time

[@mr.wright7165]

Can’t u buy 1 for $30,000? Why finance it

[@animegeek3109]

hey man i want a gt mustang 2019 fastback which is $32,000 and i make $1,400 a month and plan on paying $700 a month if possible " havent decided yet or talked to my insurance"and next year is the deadline" i have good credit "790" and gonna put down $10,000 next year and i am gonna be 29 this year and i live with my parents, but still do you think i can manage? I am not a expert on cars as you can tell lol just want to replace my 2008 hyundai

[@JustACarGuyNamedTom]

Putting half of your paycheck towards your car will leave you feeling pretty broke. I would get a good insurance quote before I pulled the trigger though. I don't know what your record is like. I would take a longer loan so that your payment isn't as bad if I were you. But good luck!

[@animegeek3109]

@@JustACarGuyNamedTom thanks man! :)

[@aceofspades5185]

Should have paid cash for it then you wouldn't have to worry about those monthly payments in that hi insurance

[@pumpkinfury]

I'm picking up my custom 19 GT next week. MSRP is just under 53k. I can cover up to 20k down but want to put down as little as possible. I can afford 1k a month but we will see what happens🙄 Thanks for the vid!

[@JustACarGuyNamedTom]

Hey, whatever you can afford, you should do. I'm about to pay my 2018 off so that I'm done having to worry about a payment. My 2 year loan lasted all of 6 months at this point

[@kirbyc1370]

Well i would say your one of the few who can actually afford this car. So many idiots out there buy a brand new car and finance most of it. With my trade and extra cash I put down 25,000. I owe around 12000 and at 5 year my payment is 200 a month

[@JustACarGuyNamedTom]

I see these cars come up for sale weekly on Facebook where someone will have spent their life savings modding them and suddenly can't afford payments

[@kirbyc1370]

Just A Car Guy Named Tom yeah it's hard once you get the new car bug. I had it with my new mustang and couldn't shake it lol. But no regret. Looove it.

[@kaizenkonversations8337]

My car payment on mine is the same as yours, but my insurance is about $50 more a month and gas here in LA is horrible so I’m getting 14mpg like you do, but I fill up every 5-6days

[@JustACarGuyNamedTom]

California is bad for insurance I'd heard. And I can get 15 MPG on this car if I try. But I never try haha

[@Jacob-hf7fv]

I’m not understanding why you needed a co-signer on 13k? I got finance for my 18 gt an I paid 32k with only 5k down through ford with a 1.9 percent interest rate an mine was a special order

[@JustACarGuyNamedTom]

Most likely it has to do with either the fact that this was my first loan or that the payment was higher than they thought I could afford

[@Jacob-hf7fv]

Just A Car Guy Named Tom true that I love the videos keep it up! And yeah I had paid on my focus st for 2 years before I went up to the mustang but banks can be weird at that

[@elmerhouston5915]

Here in houston we have to fill up gas every week, and that's if we're lucky! Most likely 2wice a week. In houston you have to drive everywhere to a certain distance

[@JustACarGuyNamedTom]

Red Kami that's how it is here to an extent. Not a lot of miles, but for sure you'll have to drive a little bit

[@sunnyboy8644]

Hi Tom, im in Cali and recently i'm trying to purchase a 2018 Mustang GT as well, do you think the Performance Package and the Digital Dash is a must ? if the GT is listed it at $47000, how much discount do you think i should ask them for ? like around $4000 - $5000?

[@JustACarGuyNamedTom]

If I'm not mistaken, a PP with Digital Dash invoices for around $45k ish. You should be paying around invoice. Usually KBB or Edmunds will tell you the invoice. And personally, the digital dash wasn't a musta have for me, but it is pretty cool. The Performance Package was however. The car grips a lot better on the P4S tires

[@sunnyboy8644]

i see. thanks for the quick reply :)

[@highseaspaul7905]

Just A Car Guy Named Tom i

[@valjean2036]

Take the sticker price subtract 7.5 percent and then take 3 percent of that and ask for at least that amount to be taken off!

[@renecar7]

Can't decide whether to go with orange Fury or lighting blue mustang! 🤔

[@JustACarGuyNamedTom]

Lightning Blue is very timeless..... but Orange Fury would really help you stand out. Hmm.... for me, it was a choice between Race Red and Ruby Red. The final factor was that I didn't want to spend extra money on a paint color. But that's me

[@Jake-xn4tr]

Orange for sure.

[@nick000002]

🍊🍊🍊🍊🍊🍊🍊

[@valjean2036]

Orange

[@jordanfaulkner7960]

Wow do Americans have it different. I’m 17 and have a 2001 v6 Mustang. I live in Vancouver and pay $350 a month for insurance. I wish I only had to pay $200 a month for a brand new v8 mustang :(

[@JustACarGuyNamedTom]

Plus you're 18. They think you'll magically become a better driver in your 20's haha

[@padistedor]

If you need to make car payments, you can’t afford the car. Paying interest on a depreciating asset is a terrible idea. You guys under 30 should be driving a used car, saving for a down payment on your first house and funding a Roth IRA. These cars will always be there. Get your shit together first, then buy the toys.

[@JustACarGuyNamedTom]

I financed this car to help build credit. In addition to this car, I already have a Roth IRA set aside. Plus I didn't spend ALL of my money on this car

[@padistedor]

Just A Car Guy Named Tom I am really glad to hear you started a Roth. What fund(s) are in it?

[@EpicConspiracy]

You pay 585$ month 100$ month insurance. I have same build.

[@JustACarGuyNamedTom]

Not too bad then

[@MrIlovebmw86]

Dude that's a lot down. If I had 30k cash I wouldn't even think about buying a car. I wouldn't even think about buying anything. I would save for a home, unless you already have one.

[@JustACarGuyNamedTom]

A house is coming in the next year or so. The problem right now is that I wanted to be sure I could find a good job

[@nobnarblee1725]

Just get a 96-04 and build it an boost it. 800rwhp for less than half the price, put 8k in suspension then you will be on gt350r levels plus sum.

[@jameshorton7496]

Ok, I'm a bit confused. You said the MSRP, the sticker price, was $43,480. And you negotiated it to $43,330. So you only got less than two hundred bucks off? Doesn't sound like much of a deal to me. Of course, as a former Ford employee, I can get Z-plan price that's going to take at least $1500 off or more, depending on options. Maybe I'm just used to that kind of deal instead of what normal customers get.

[@JustACarGuyNamedTom]

Sticker price is $43,480 which doesn't include tzx, title, and fees. What I paid was $43,300 out the door, which includes tax title and fees. My price was actually better than X plan pricing

[@dogdaybreak3157]

30K down? I was quoted $31K plus tax for a base auto GT 5.0.

[@JustACarGuyNamedTom]

For one, my car has like $7k in options. Two, it was a custom order, so that adds price. And three, I ordered this car in January of 2018 when the rebates were lower. But I would snatch that $31k base auto car up!

[@TheCdM1981]

Why is your steering wheel so high?

[@JustACarGuyNamedTom]

I hadn't adjusted it yet when I bought the car. I only had the car a week when I made this video

[@robert435230]

Fuel is so cheap in the USA I live in the uk do 300 miles a month and pay £130 like $150 a month for a 2 litre

[@JustACarGuyNamedTom]

We get it lucky here haha. Plus it's cheaper to own this car in general

[@petek5523]

I paid over $6g’s just in sales tax up here in Canada eh! You should count your blessings

[@JustACarGuyNamedTom]

Blessings here are the fact that in Florida we don't have to pay any tax to own the car other than sales tax. We don't have to do inspections either haha

[@Jinxysroom]

Shit it must be nice. I pay 450 for insurance in Dallas Tx for a 392 Scatpack . I'm 22, single, and in the military.... You got it good bro haha

[@JustACarGuyNamedTom]

Wow that is a lot.... if I had joined the Air Force like I was supposed to, it probably would've been about that for me haha. I got a ticket I have to fight now, so hopefully mine won't go up

[@MrCantrell14]

you look 32 years old

[@berserkstroke]

MrCantrell14 lmfao I was waiting on someone to say he looks a little older than 22

[@westcoast2372]

You have life pretty well, I drive a POS Dodge Dart 2015 and the payments and insurance were almost exactly the same as yours. Oregon United States though. I also drive sooo much for work so have to fill up twice a week, roughly a quarter tank a day

[@JustACarGuyNamedTom]

Well at least you have a fuel saver haha. My car goes through a tank a week and it's not my daily driver

[@robertjakicic5878]

It's getting harder and harder to buy a new vehicle. I look at it this way, if I'm going to pay over $450 a month for a payment then I' m willing to pay a little more for a fully loaded vehicle . With the average car payment now at $525 and the average truck payment now at $675 it makes me wonder where people are getting there $$$$$ from?

[@JustACarGuyNamedTom]

Ask what people's intrest rate is. Haha. And I don't plan to take another car loan for a while after this one

[@jjrimz99tandem_drifter]

what do your injectors take...dont need to fill 93 if u dont need it. waste of money literally

[@JustACarGuyNamedTom]

This car recommends it since the car runs really hot, but it's not required. I hate money though and I'm looking at getting a 93 tune soon

[@thefitnesslife4988]

Lol I had a 2012 Mustang Gt and my insurance was 201 a month. I switched to a 2017 Camaro SS and my insurance dropped to 168 a month. I was thinking it was going to be more for the fact that it's a more powerful car out of the factory, newer and it's yellow. My mustang was black. Must just be because of the reputation mustangs have with crashing.

[@JustACarGuyNamedTom]

I've heard exactly that. Apparently Corvettes are even cheaper since the average age of Corvette owners is 60+

[@exile9237]

Anyone trying to buy a mustang dont do what this guy did with all due respect its pretty stupid. These cars arent worth shit! You want a mustang fuck saving, instead wait! If you really love a car wait 2 or 3 years and get it cheap with 30 to 40k miles maybe even less. If youre a mustang guy in a few years a much better redesign will turn up and your going to lose in the end

[@patmason7276]

What are y'all complaining about got a truck$62,000 going to style and profile pay the Reaper.

[@21JdmJosh]

Pay about 500 a month including insurance for my 14 gt, which is very do-able for me I like the 18 part of me wants to upgrade but knowing my 14 will be paid off in two years idk lol

[@JustACarGuyNamedTom]

That's not a bad payment. Personally, I'd just keep the 2014. There's nothing better than having a paid for car haha

[@Unusedaccount451]

Insurance for a 22 year old person with that car in new york would be almost 3 to 4 times how much hes paying

[@JustACarGuyNamedTom]

Y'all somehow have worse drivers than we have here haha

[@Unusedaccount451]

Just A Car Guy Named Tom Yes we do