[Mr 5 0]

The Kelly Blue book on a 1999 Mustang Cobra coupe with 71k is a bit over $14,000., not $9,000. Few banks or finance institutions will accept anything less than 10% down and many want more, depending on your credit rating, so figure $1,500. down payment as a bare minimum. Even with a $4.5% loan rate (hard to get) your payment would be near $400. per month on a 36 month loan. If you can swing a 48 month loan it would come down to about $300. per month - at that very low finance rate. Still a lot for a five-to-six year old car with 70,000 miles on it.

Lots of variables here and no one can give you a precise number.

You need to have a firm price on the car, know exactly what you can spend as a DP and then apply for a loan and see what rate you qualify for and how long you can stretch out the payments. On a five year old car, I can't see any point in a five year loan, even if you could obtain it, which is doubtful. Even with a low 5% loan rate, after 60 months , you'll have paid over $16,000. for a car that is now ten years old and probably has 140,000 miles on it. I would opt for a big DP, get the best rate you can and go for the 36 month loan. But that's just me.