Qus, About A Mustang?

Question

I'm wanting to buy a 1999 to a 2004 Mustang GT, i was wondering how Much the insurance would be for a 18 Year old female with a good driving Record? i want to spend less then $8000.00 for the car if that matters,and could you tell me about how much a Monthy Payment would be for a car about $8000.00 Bucks?

Answer 1

Insurance on that vehicle is based on a lot of factors: credit, driving record, grades, and the biggest factor: geography. If you live on a farm in Iowa or in downtown Atlanta: there is a BIG difference in insurance. There are many on line resources that can give you a zero cost quote.

To figure out a loan on the vehicle: Figure this way: it would be very difficult for most 18 year olds to qualify for a loan with out a cosigner. The lowest possible monthly payment would be with a co-signer that has an excellent credit rating. That should put an $8000 loan payment at $250 for 36 months at 6.9% APR - the other end of the spectrum would be around 23% APR and that would make your payments around $325 for 36 months. My guess is that you will be somewhere in between. Hope this helps.

Answer 2

150 for a month but insurance depends on your area i have an lx fox

Answer 3

It would be hard to even guess because you didn't tell us what state you live in. Like, NJ and Mass. are very high, while some others like NC are low. That's considered a sports car, and the rates would be higher than a Toyota Corolla for example. For full coverage I would guess about $2000 a year, but it could be half that or twice that.

Mustangs rule !!  I have a '97 Cobra Convertible. Im 62 with a good record. In NC I pay $800 a year for full coverage. Good Luck.

Answer 4

HEY im about to buy a 2001 cobra and the cheapest insurance i could find is with progressive. i got it to 355 a month. i am a 19 year old female with a good driving record. sucks being a girl when you love preformance cars. d**n sexist insurance. um best guess for ya to do. go to progressive and do a free quote . ya dont have to pay and it is cool to do a few and compare them. have fun

Answer 5

progressive is the cheapest. my guess is about 3,000 every 6 months