Automotive

Help needed. Whats the better deal? Mustang pp2

  • Last Updated:
  • Jul 20th, 2020 12:11 pm
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[OP]
Sr. Member
Feb 18, 2012
806 posts
421 upvotes
Victoria

Help needed. Whats the better deal? Mustang pp2

Hey,
Just looking for advice on which option to go with

1st 2019 Mustang Gt Performance Pack Level 2. Completely stock except MBRP X-pipe and Michelin Sport 4S tires (Cup 2 tires have been removed so this car can be daily driven) Recaro seats, B&O sound system, active exhaust etc
This vehicle is an employee lease at employee pricing I want $2000 and take over the payments of $697/month including tax final payment due on August 19th 2023 with an option to purchase of $22059 plus tax. Or buy out for $45k

2nd. 2020 same options except no recaro seats

cash would be 53,225 plus fees and tax which is 60,418.
lease or finance it the best price would be 54,350
At 6o months the payment is 478 bi weekly with 0 down at 0%
At 72 months the payment is 410 bi weekly at 1.99%

lease the selling price remains at 54,350
The 48 month lease with 16,000km per year is 385 bi weekly including tax at 1.99%

Thanks
15 replies
[OP]
Sr. Member
Feb 18, 2012
806 posts
421 upvotes
Victoria
Somebody has to have some ideas?
Deal Expert
User avatar
Jul 30, 2007
28126 posts
13341 upvotes
Toronto
2nd - you are paying $40,000 + taxes for 4 yrs and in the end, you don’t even own it.

1st - you pay $45k + taxes less $2000 requested cash back and you own it now. That sure sounds like a better choice to me and in about 4 years, I would imagine the vehicle has a fair value of $20,000 range, thus making your 4 yrs of ownership costs of around $27k (if you end up selling)

Lastly, you should try to get the transfer fee paid by current owner as well at the min.
Deal Expert
User avatar
Jul 30, 2007
28126 posts
13341 upvotes
Toronto
I guess as long you are totally okay getting a 1 yr old used car but at least you will enjoy a bit of savings though
[OP]
Sr. Member
Feb 18, 2012
806 posts
421 upvotes
Victoria
Thanks. There are a few other factors though, as i don’t have $45 k cash so there would be interest on that. The advantage with the lease though is that if you have an accident you don’t eat the depreciation you can just turn it in end of lease.
Also, it would be $45k there is no $2k back, thats just what he wants to take over the lease.
After 4 years it should still be worth over $30k.
Thanks
Deal Expert
User avatar
Jul 30, 2007
28126 posts
13341 upvotes
Toronto
Just continue on with doing the monthly payment then. If you decide you don’t love the car anymore, then just drop it off and walk away.

Option 1 is still a better choice, imo
Deal Fanatic
User avatar
Jul 26, 2007
5237 posts
2816 upvotes
Toronto
Year ago, when they had employee pricing promo, all mustang GT had 6000 off from factory. This was in April/may 2019. Add local dealer discount 4k, I almost bought the $60k MSRP 2019 bullit for $50k all inclusive plus HST. If you are looking for mustange gt pp1 or pp2 of similar $60k msrp. I would wait for next employee pricing promo and aim to get $10k off. Base GT MSRP $40k was going for $32k as well.
[OP]
Sr. Member
Feb 18, 2012
806 posts
421 upvotes
Victoria
Yes, thats pretty much whats going on now. Sticker price is $61k selling for $54k so $7k off right now.

peteryorkuca wrote: Year ago, when they had employee pricing promo, all mustang GT had 6000 off from factory. This was in April/may 2019. Add local dealer discount 4k, I almost bought the $60k MSRP 2019 bullit for $50k all inclusive plus HST. If you are looking for mustange gt pp1 or pp2 of similar $60k msrp. I would wait for next employee pricing promo and aim to get $10k off. Base GT MSRP $40k was going for $32k as well.
Deal Expert
Aug 22, 2011
35089 posts
21063 upvotes
Center of Universe
Option #2, so you can dump it afterwards.
[OP]
Sr. Member
Feb 18, 2012
806 posts
421 upvotes
Victoria
Do you mean buyout and then sell or trade in for new car or just return? The buyout is $23k plus tax and it will be worth $30something


vkizzle wrote: Option #2, so you can dump it afterwards.
Deal Expert
Aug 22, 2011
35089 posts
21063 upvotes
Center of Universe
Horsey2345 wrote: Do you mean buyout and then sell or trade in for new car or just return? The buyout is $23k plus tax and it will be worth $30something
Return and get in a newer model.
These GTs aren't special enough to keep around, unless you plan to drive it to the ground.
[OP]
Sr. Member
Feb 18, 2012
806 posts
421 upvotes
Victoria
Thanks. So wouldnt it be better to take over the lease in option 1 and change after 3 years?

vkizzle wrote: Return and get in a newer model.
These GTs aren't special enough to keep around, unless you plan to drive it to the ground.
Deal Fanatic
User avatar
Jul 26, 2007
5237 posts
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Toronto
Horsey2345 wrote: Thanks. So wouldnt it be better to take over the lease in option 1 and change after 3 years?
Get the 2020 bullit. There are some on autotrader for 10k off. Compared to regular gt, you can sell it few k more if you get tired of it.
Deal Expert
Aug 22, 2011
35089 posts
21063 upvotes
Center of Universe
Horsey2345 wrote: Thanks. So wouldnt it be better to take over the lease in option 1 and change after 3 years?
Yeah, I think option 1 would be better.
Member
Nov 10, 2015
310 posts
257 upvotes
Thornhill, ON
Option 1 just for the recaros.. They are soo comfy.

And i would test drive both. Make sure you like the sound of the one with an x pipe.. Makes it sound raspy. You may also consider modding more in the future (more exhaust, springs, tune etc). Not sure if you want to mod a leased car or not.

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