Fox T-Bird/Cougar Forums

Well my wife went shoping for my sons birthday presents and fell for a t-bird. Here is a pic Now this is the problem i got 2 loans out right now and no im not over my head and dont want to get that way.
1. i can afford a 3rd loan but then i would be streaching my unemployment during winter layoff so not a viable option.
2.sell my f150 pay off one loan and get her the car and stay where im at finaically right now but without a truck and i dont want that.
3.make her wait till income tax time payoff one laon and knock the other down with whats left depending on what i get back. then go get her a 02-05 t-bird then.
i will be doing #3 but this is my problem I LOVE TO SPOIL HER ALOT.
I find my self want to go to #2 and again give up something of mine for her but she knows this and don't want me to do this cause i give up to much for her and the kids. yes my kids are spoiled and i do pay for that in ways but they still are good kids they just bicker and fight here at home but do there choirs or they dont get spoiled.
Now my wife said she will get her a job to make her payments and would be ok with that but i want her to get her GED first. plus there would be the need for a babysitter then and that cost with 3 kids .would take her entire paycheck been there done that.
I know that i got things pretty well figured out but would still like to here others opions on this. And that its not a foxbody but its a start right.
                                                          thanks all in advance
                                                                Aaron

Lucky you!  My wife wants a Hummer H3, and isn't exactly ambitious to go out and get a job to help pay for it.  And that means she isn't receptive to me bringing home anything. :(

Less than $11,000 doesn't seem too bad.

I don't want to be a jerk here, but...

You have two loans

Your wife doesn't have her high school diploma

Your job isn't a given thing

You're thinking about buying another car on credit

And you're not sure if you should or not?

Shiny Side Up!
Bill

Wait until the time is right and your finances are more favorable! Those Tbirds are still plentiful right now!

havi, its 20k on the price on that car i wont have a red car anyway

protouring442,im use to the layoff thing its part of the construction bit thats why i have a what i call emergancy savings set up since i was a teenager that i havent had to touch since my parents  opened it when i was a teenager from my dads accendent at work and i got ssi because of it . he spent a year in the hospital and took him 2 years to remember i was born. plus i save up enough funds when i do work for the winter to cover things if unemployment cant. i agree on the GED thing.she is working on it and like i said i spoil her maybe to much nah she deserves it its my fault she droped out of school getting her pregnet at the beganing of her sophmore year. and i know i will get the loan just deciding what way to go bout it. option #3 is the most sound way and i do have the option to combine the 2 cars loans paying off one but it comes at a cost on payment but i finace 3 year loans and they have higher payments i could go 5 or 6 years lower the payment but that cost in the long run on intreste. but no matter what i wont let myself get overdrawn by overstrecting my limits where i couldnt support my family. but again hearing others opions do help me put things in prespective.one mind is limited one perspective ,but more than one mind opens up other avenues of looking at things.(even though some minds tend to argue with each other )thats what makes every opion worth there weight of gold just have to dig for it lol.

It becomes an emotional thing when you react to the heat of the passion. At least if you don't get it you know that it is something that you may like to get later.

I have learned many times that once I realize what I want, I just have to wait until the time is right to do it. I went through this trying to get a new Mustang. After a couple of failed tried, the time became right and I found the exact car I wanted and everything fell into place. It also happened way sooner than I expected.

I'd wait,that car is way impractical anyways(reason why they didn't sell well)as it's a 2 seater.
Why sell a useful truck to get a useless car????

Who ever uses the back seats? People with kids and only one vehicle is needed for that. Basically our cars are "impractical" also then as the backseat is useless for anyone for a toddler. I'm all for 2 seaters as they are at least easier to handle, park, keep clean, etc. Many times, they should also get better fuel economy having less weight to lug around (not usually the case though as this car doesn't do too great either).

Most people never have a need for 2+ seats, or even the bed of a truck, for most of their transportation. Rent it when you need it - we'd all save money in the end anyways. Only on lunch "get-togethers" and holidays do I see the use of backseats go up.

Dude i've always had 2 door cars with kids and they have never been inpracticle.
If you like 2 doors you'll have no problem putting your kids in the back.
Hell my ex wife had a 4 door and i found it more difficult to get them in and out vs my 2 door.
Anyhow,as you should have read above he has 3 kids,an f150 and a bird.
In other words it would be way useless for him to get rid of his newer hauler than too use his old bird for the family car just to get a 2 seater.
2 seaters are fine for old people and young people without kids but aren't worth a lick for anyone with a family.

Just because you can doesn't always mean you should! Other than that it is all your call.

Stuckman

Other than road trips, I remember perhaps one time a year where we kids had to cram into a back seat (4 of us at that...). It's different for everyone but I'm thinking that perhaps even his truck is limiting unless he throws the kids in the bed :hick:

As you said, he has the fox tbird so if more seats ARE needed, they ARE available.

Either way, I can't recommend him getting the new one just due to money reasons. He'll do what he wants to do though. Do we even know the year of the f150 and its overall condition? I assume decent if it would help pay for a new car though...the last thing anyone needs more than space is two older/project vehicles.

I feel I need to add that today's banks are tough to get loans through.  AFAIK, they're quite gunshy after the whole credit bubble thing.  I would think that getting a third loan would be difficult to achieve.  Also, I would concentrate on paying off the other loans first because things pop up when you least expect them.  For example, you get the third loan, and a week later your hot-water-heater quits, or dryer, or two flat tires, etc....
The truck's condition will dictate other options, and I've always felt a truck is handy to have, despite friends and neighbors begging you to haul stuff all of the time, lol.

When these birds first came out, I liked them a lot, more than the new Stangs, IMO (that thinking has slowly change, though).  But seeing who ended up buying them, I am confident they will be well taken care of, and will be for sale in another 10 years or so, at a time when they will be more affordable.
Here's where I have a hard time complying, lol.  I have more project vehicles than you can shake a stick at.  It is a full time job dealing with them, and can be quite frustrating at times just looking at them sitting in the yard. :punchballs:

Once you spoil a women, they will always be spoiled.

You've never seen my family have you? LOL
there are 7 of us in the house and two more that visit regularly.  Back seats are always full.


I would suggest you wait on the t-bird. It's great that you want to spoil yoru wife, but in reality, with the econo,my the way it is, it doesn't make sence to get it just for fun.
what if your job ends for some reason? Even with savings you still would have loans out.... and no income.

It's ok to say 'no' sometimes. Don't feel bad for doing that. She'll understand.
My husband has told me no many times, even when he didn't want to.  However, I have always understood even when disappointed.

Buying that car is one hell of a risk. I think the novelty of the car would wear off around September; then you will realize you're making payments on something you really don't want.

I vote no.

Everyone's cirspoogestances ARE different so one person cannot dictate another's choices. I think it all comes down to this more than anything else. Either way, as I would have guessed most here agree it should be skipped over. You should be able to find one with <50k miles, garaged, for under $10k in a few years - that's what I'd do personally if she's dead set on wanting on of the cars.

A new car for reliability purposes (or a refreshed older vehicle) should always be the priority before all else. I assume at least your truck has been reliable. The current tbird likely as well as they generally do well. This makes the car a desire and not a necessity. I learned early on to say "no" to many things - it makes a yes all that much better :p

i got a 2000 f150 5.4 v8 4x4 supercab 130k miles. me and the wife are still talking and both know this wont be the time to buy it so it will wait.she said my bird gets treated to new paint before any new car as we got 3 here as is . but keep the thoughts coming really like the perspective.

Wait...what's the third car?

I'm sure that truck is great though - dependable and everything. Fuel economy isn't the greatest but it's not currently $4.50 a gallon either. I still personally wouldn't spend more than $10k on a car so I would wait a few more years. Perhaps put a little money away to save up for one in 5 years? Of course savings accounts are basically nothing now but there's always stocks and bonds - they can't do any worse now than the depreciation of a car. While growth will likely slow here soon, my investments have gone back up (after dropping 50% over the last 2 years) 40% since March with 13% in the last 30 days. I would still need almost 50% more growth to get back where I was 2 years ago. While the rate of growth is a concern, I am putting all I can in there to help increase my returns 12-18 months from now. 0.01% in savings has become useless. This is a topic for another thread and/or forum though.

That's my thoughts. You would come out with a cheaper car (say $15k in a few years with the same mileage you'd get today) for less investment and no annoyances of the huge depreciation that will keep happening on cars in that price range. By then, you may be "needing" a new vehicle anyways. Gas should also be much more making the vehicle (or another) more easily pay for itself.

I personally have never owned anything with more than 2 doors, real good deterrent for people wanting to pile into your car and go some where.

I like your thinking - less wear and tear! Seat backs and headliners can get damaged/dented quite easily by certain types of individuals.

I'm guilty of doing that. But I get spoiled too.
You just need to know when it's appropriate, that's all.

Jerry,
i get my rewards too and the spoiling thing im doing just bought her anouther dachshund.
Seek,
i own 4 vechicles all together
1.2005 ford freestyle (6k left till its payed off)
2.2000 f150
3.1988 turbo coupe
4.1988 t-bird sport(totaled by bambi but laying in the garage)
just dont want to get rid of her she was my first car that i acually cared about as more then transportation but as great friend