Ok first the facts, next October (2011) yes i know its a long time from now, but i need to make my mind up before it gets to late, i get a check for 10k. Its from a lawsuit i had when i was 11 when i got attacked by a dog, my mom had it put on a payment plan, so i get money every 5 years till i turn 50. Ok on to my my question, 2 options...which should i chose.

1. Keep the Ranger, and put some money into it and save the rest. By the time Oct. 2011 rolls around ill only owe around 5k on it. So this plans would entail to paying it off and dropping some money into it. Was thinking Camburg kit, rims and better 33s with gears. A big plus to this is that the truck will be paid off, a big minus is continuing to owning this 7 year old truck.

2. Pay off the Ranger and trade it in, and use the remainder money to add to the trade in value and get either a 07-10 GT mustang or 04 Cobra. If you guys dont know, this appeals to me cuz im a DIEHARD Mustang fan. Ive owned an 88 GT and a 98 Cobra and really want another one. Big plus to this is, having another mustang to love and have fun with. A big minus is still having a car payment.

i want honest opinions guys, lol thanks.

 

Pay off the ranger and use the other 5k to get a toy mustang. That way you have a reliable DD that you can drive no matter the weather. then a fun weekend toy. That's what I did and its the best of both worlds!

 

^smart man i agree completely

 

x2

 

he would know...

 

No payments is a hard thing to pass up.
Keep the Ranger, put only the amount you really need to in the Ranger, put any other money away and save until you can afford the Mustang with either no or low,low payments.
Since the Ranger will be paid off saving money for the future Stang should be easy and having two vehicle with no payments in the future is the *****.

 

^ Agreed!

 

this guy has obviously been there before. i concur!

 

I like this idea.

 

I need to get attacked by a dog

 

Thats what I was thinking.

 

Haha, no ****.

It seems kinda funny to me that you make it sound like 7 years is old for the truck, yet you're contemplating buying a 7 year old cobra.

I wouldn't want a Mustang as a daily driver/only vehicle. Too many things happen to daily drivers. I say you pay off the Ranger, mod it to what you want it to be, and be happy with it. If you still want a Mustang, do what was mentioned above.

 

pay the truck off,and keep it then save up for a mustang,everyone needs a truck at one point or another

 

Pay off the truck, upgrade it to your liking and then start saving for your Mustang.
Just keep focused on your ultimate goal.
Good luck.

 

Sell Ranger, buy C5 Z06

 

Wisest thing that done been said so far right thar.

 

This is the smartest, most responsible thing to do. Not the most fun, but it will be the best in the long run.

 

best idea ive heard so far! So good, i just might do that actually! thanks dude!

 

i respect them, but i wouldnt ever own one. I actually kinda hate Vetts to tell the truth

 

so in a year from now you will still owe 5k on a 2004 ranger?!!!! HOLY **** BATMAN!!!

 

“Responsible” well maybe but the smartest thing.
I was happiest when I owned an ’88 5.0L Ranger and my 67 Stang, 390 HP GT, both with no payments.
The Ranger was the DD and the Stang was for fun but then I got married… that’s responsibility.

 

*singing* "I have structured settlements and I need cash now!"

Lol

I kinda hate Vettes to. Seems like they are always driven by 50+ men. Midlife crisis anyone?

I don't like mustangs because THEY ARE EVERYWHERE. I see MAYBE 2 or 3 Camaros a week. I see probably 5 Mustangs a DAY. I have an inordinate amount of muscle in my area though due to Summit Racing so I may be biased.

I nice Mustangs like a decked out GT or a Cobra is cool but at the end of the day you will still pull up to a stoplight and a V6 that looks essentially the same will be next to you.

 

Pay the truck off, put some money into maintenance - then put the rest away for a rainy day. The minute you get rid of your truck, youll have something pop up that requires you to need a truck.. And then suddenly all you have is 2 cheap mustangs that cant fit **** for traveling.

Keep the truck! Hell, if you want an upgrade, and are wanting ot sell teh ranger - get yourself an F150 or something in that place, payed for in full cash! You get WAY more usage, money for money, out of a truck then ANY car any day of the week!

 

All 3 of my vehicles are paid for (longest I've ever had a car payment for was 1 year) and I'm still not happy. I need more garage space for more cars.

 

thats just an estimate, probably will be around 4k. I bought it used for 10k last October.