24th Jun 2010, 20:10
You're telling me. I'm 17, and insurance costs me over $2,000 a year! I don't drive anything fancy, just a stock '96 Corolla. Spending that kind of money on insurance makes it difficult to even fill my car with gas, even though it gets really good gas mileage. I know I don't have a lot of experience behind the wheel, but I don't think I'm that bad of a driver, I've never been in an accident or gotten a ticket.
24th Jun 2010, 17:48
"who orders a stripper car these days??"
Most young buyers of Mustangs. A "stripper" Mustang comes with all power, air and a 5-speed (which most younger buyers prefer for added sporting appeal). The 2010 V-6 Mustangs are sold in my area for $15,000. That's 10 grand less than a GT any way you look at it. The difference in payments and insurance on a GT and a V-6 is roughly $250 a month. That is a HUGE amount for a college student, young person just starting out, or a person on a limited income.
Most younger Mustang owners I know PREFER a 5-speed stripper so they are free to take the $250 a month (based on 60 months) they save and add nicer wheels, power add-ons and cosmetic improvements AS THEY CAN AFFORD it, rather than forking over the whole extra $250 every single month for 60 months (which comes to a whopping $15,000 extra over the course of a 60-month loan).