financing suggestions for 04 co cobra

[4u 2 nv]

USAA is the only bank I've seen willing to go over the value of the car, but only by 10%. Anything more than that the bank thinks is stupid...because it is.

a lot of bank will go over the value but only a little. If you bought a new car and only put $1000 down but it was $35k...the TTT is gonna put you over the "value" of the car, etc etc..unless you were only speaking about used loans...if so...my apologies....

 

[DaBigBone]

I've dealt with Nationwide before and they were great. They financed my 04 Z a while back.

 

[thomas91169]

NADA for a 30k mi 03 Cobra retail value is $17,500. If you have insane-o credit you might be able to finance $20k OTD. Like I said, you wanna pay for an insanely overpriced 03/04 Cobra, you gotta have funds to throw down. No lender is going to give an extra $10k of worth onto this that they will never be able to get back should you default.

 

[Gravik]

30k for a Cobra? Holy **** that's a lot of money.

Also you could try SunTrust bank. Or find an actual reasonable priced Cobra. (CO and reasonable never are in the same sentence though)

 

[Satyr]

I'd also recommend SunTrust. Well, first I'd recommend entering 2014, because paying that kind of money for a Terminator (no matter the color) is about 8 years expired.

 

[nxhappy]

so you want to buy a car that's worth 15 grand for 30k? AND you want to sell your GT500? YOU CWAAZZYYYYYY :kaboom:

 

[AAG]

$30k to finance a 10 year old Mustang? Why not a brand new 2014 that is just as fast and has a warranty?

 

[lobra97]

USAA did my red fire. Put gt500 for sale

 

[Mr.Bolt-on]

It would be wiser to sell the 2007 Shelby and save a little bit more to get a 2014 GT500.

 

[svtcollector1]

Wow thanks for the words of wisdom both good and bad .I havent check my thread all day since posted .as far as not being able to sell my shelby I didnt list it on here as sale ad but more of a trade for a low mile comp cobra .had several offers for other trades but economy if so bad no one came up with cash .car is bone stock no paint work or anything im the second owner I thought my price was ok at 30k obo .and it has 35k miles and has been babied .I really dont want to sell but tryin to get a really nice low mile co cobra is almost impossible and yes 30k is crazy for a 04 cobra but not really for an co these will be the ones to have oneday and they are soooo hard to find unmodded .ive only seen 2 in the last 3 years with under 5k miles .but hey opinions are like assholes everyones got one ! Anyways thanks for the positive comments and suggestions

 

[ZincYellowGT281]

It would be wiser to sell the 2007 Shelby and save a little bit more to get a 2014 GT500.

^this all the way, if you couldn't sell your Shelby when why not trade in and get into a new gt500?

I understand you want a cobra and although I would never pay 30k for a mustang that is not a classic I do understand why others would. Good luck OP.

 

[svtcollector1]

I know what your sayin but I dont want a 14 shelby I want a co cobra they will be way more rare and hard to come by one day im lookin down the road if there will still be a road $$$$$

 

[getTwisted]

Wow thanks for the words of wisdom both good and bad .I havent check my thread all day since posted .as far as not being able to sell my shelby I didnt list it on here as sale ad but more of a trade for a low mile comp cobra .had several offers for other trades but economy if so bad no one came up with cash .car is bone stock no paint work or anything im the second owner I thought my price was ok at 30k obo .and it has 35k miles and has been babied .I really dont want to sell but tryin to get a really nice low mile co cobra is almost impossible and yes 30k is crazy for a 04 cobra but not really for an co these will be the ones to have oneday and they are soooo hard to find unmodded .ive only seen 2 in the last 3 years with under 5k miles .but hey opinions are like assholes everyones got one ! Anyways thanks for the positive comments and suggestions

edited, read this wrong.

 

[svtcollector1]

Heres the link to my old thread with pics of my shelby



http://www.svtperformance.com/forum...d-miles-for-a-04-comp-orange-cobra&highlight=

 

[svtcollector1]

Found another one yesterday with 26k miles for 25k but its very dirty underhood and has had a fender replaced from a light bump so...idk about 25k I mean for only 5k more i can get pretty much a timecapsule for the other one im lookin at with only 4500 miles

 

[svtcollector1]

so you want to buy a car that's worth 15 grand for 30k? AND you want to sell your GT500? YOU CWAAZZYYYYYY :kaboom:

15k. For a 4500 mile co cobra yeah show me .

 

[getTwisted]

Found another one yesterday with 26k miles for 25k but its very dirty underhood and has had a fender replaced from a light bump so...idk about 25k I mean for only 5k more i can get pretty much a timecapsule for the other one im lookin at with only 4500 miles

I read the post above wrong, my bad. I've been up to long with a newborn.

Yes stock CO with 4500 miles for 30k is a good deal IMO. Way better than the dirty one with 26k miles. Sell your Shelby asap! lol.

 

[jk_aktion]

your money, do whatever you want. i wanted a cobra and found a 20k mile all stock for 23k and gave up my 2012 benz for it, just because i really wanted it. felt like it was over priced but **** it.

 

[03cobra#2]

Good luck with this. Imho if you can't afford to put at least %20 down on a vehicle probably shouldn't be buying one. That's not aimed at you specifically but just in general.

 

[Thump_rrr]

I know what your sayin but I dont want a 14 shelby I want a co cobra they will be way more rare and hard to come by one day im lookin down the road if there will still be a road $$$$$

The question you need to ask before paying $30,000 for a CO "time capsule" as you put it is this.
Will anyone insure this "time capsule" for agreed value because if it burns to the ground or gets demolished neither you or your lender will want to be left holding the bag.

If you own a home with plenty of equity you can get a home equity line of credit for a decent rate this way you can use the money as you wish without needing to justify the purchase price to anyone but yourself.