Huge mistake, need advice!

Felix 808

Yeah, insurance fraud is always the way to go

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MarkGideon

You are so screwed.

Now you are going to need the $6K you HAD for the Z downpayment plus another few thousand to cover the hit on trade. If you really have to have a Z now, you may need to start shopping used, and look for an early model with a lot of miles on it. Good luck.

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b15

Since you only put $6k down, you're most likely already upside down on your loan so if you're willing to eat the loss, then go for it. I wouldn't recommend trading it and rolling your negative equity though. Being financially responsible, you should keep it for a few years. Maybe wait for the z35. Consider it a lesson learned. At least you have a 5.0! Could be worse!

gr8-wrx

I'd just hold on to the Mustang for a few years. By that time the next Z will be out, too.

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Pitch

Thanks everyone for the advice, guess the z35 it is

i wanna go crawl in a hole and die for being so stupid!

Now what if i pay double the payments. And i pay 2 years worth in one, would it be the same as waitin those 2 years for the trade in, or are you saying wait for a different reason other than my loan

Jasonle

I would just keep the 5.0 for now... wait couple years. Also you might want to change what you drive in your profile too Have any pictures of the Mustang?

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Pitch

haha yea sorry, im a liar! i do but i have no idea how to upload em. ive never joined any forums. Mustang forums blow! First thing i regretted after i bought it was the lack of fun people in em

Red__Zed

Post pics

theDreamer

-Hit reply
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YAY.....you learned a new skill.

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Dallaz

I wouldn't throw down double the payment amount just to have less payoff, you could however put that extra payment to the side (savings) for the next year then decide wether to throw it all down on your note or not.

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Z370Z011

another regret thread indeed lol

Stolly08

You do realize the new 5.0's kill stock Z's right? And if you want a Z that'll beat a 5.0 then you have to spend over 10k additionally to really get there...
I should feel flattered on how high you hold Z's but the new 5.0 honestly is a way better car for your money... the only thing the Z has on it is exterior looks and balance/handling... I've driven c5's, new mustangs, camaro's and nothing compares to the Z handling wise...
Ford really stepped up their game on everything in that car esp the interior in the last 3yrs...
But good luck in your endeavors man.

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Wonka2581

Slap a fairladyZ emblem on it and call it a day. Enjoy the car you have, your 21years old, You should be proud to have a 5.0...

And there has to be a reason you got the car? Something inside said gotta have it

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Pitch

well i had intentions of throwin some turbos on it a few years down the road. and i hit the canyons alot, and i love the look of the z. And yes i do make enough for turbos, not just talking out my *** lol. now im looking to throw a supercharger on the stang. Still would rather have a forced induction z over a forced induction stang

Red__Zed

you make enough to add forced induction to the car, but you needed to borrow $3000 to get together an acceptable down payment on a $30K car?