How much did I pay for my NEW Mustang GT? + Insurance for 19 Year Old

I go over EVERYTHING concerning money with my new 2020 Ford Mustang GT! I also go over how much paid for my GT, how much I got for my EcoBoost on trade, depreciation, and my insurance cost being an 19 year old male going from a Mustang Ecoboost to a GT!

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INSTAGRAM-

MY MUSTANG MODS-
EXTERIOR:
GT350 Track Pack Style Spoiler (Got it off of eBay)
INTERIOR:
Premium Floor Mats- Jr3z-6313300-cc (OEM Part #)
Sync 3 Upgrade Kit- Harness by Hextall
PERFORMANCE:
Borla S-Type Cat-back Exhaust-

DETAILING PRODUCTS I USE-
Microfiber Wash Mitt
Regular Car Wash Soap
HydroSilex Ceramic Coating Car Wash Soap
HydroSilex Rewind Pre-Coating Prep Spray
HydroSilex Recharge Spray Ceramic Coating
Superclean Degreaser
Tire Scrub Brush
Wheel Barrel Brush
Engine, Wheel, and Interior Brush
Tire Shine Applicator
Chemical Guys VRP
Chemical Guys Silk Shine
Meguiar's Quik Interior Detailer
Stoner’s Invisible Glass Cleaner

[richardtramel]

I think you got a great deal, and I really appreciate you sharing your info with us. Mississippi has outrageous tags! My insurance is also way up there due to my driving record.

[thelifeofjp]

My s550 v6 auto, im 25, my insurance last i checked was about $160/ month, and I make $270 monthly payments on the car itself, however i did get a speeding ticket back on November 29th 2020, for 100+ "supposedly", but the lawyers i paid for got it reduced to a "illegal parking ticket" lmao

[I_Bully_The_Bullies]

Well done my man! I have this same set up, mine is just black & has the bigger infotainment screen. Love the looks, smiles, thumbs up, compliments, challenges, races, & the drive time! So wether your 48 like me or young like this cool dude! YOU will definitely enjoy the 5.0H OH OH! (Office space) movie reference 🤷🏽‍♂️🙄😂😂😂🥂🙇🏽‍♂️

P.S people think I’m 35! 🤷🏽‍♂️🤣🤣🤣👍🏽

[DPEFRESHGAMING]

Ive been paying around 800 dollars a year since I was 17 for my 2012 GT. Being on your parents insurance helps a ton.

[MRTNFK]

Awesome video! Really informative for a 19 year old like myself! 👍🏼

[Hanibul_Lecktor]

Zip code plays a huge factor with insurance. Looks like you did well for sure. Full coverage all the bells and whistles for my 401a PP1 19 GT is $120 a month. My son has a 19 STI, 24yrs old on my insurance plan and pays $160 a month. If he was on his own plan he'd be looking at $320 a month. Your insurance went down because of the turbo. Anything that's awd or turbo instantly pushes insurance up 25%+

[FordMustangYT]

My guy you were lucky to savee on this much money for insurance and things!

I do consider getting a Mustang for when I get a little older, I just need a daily for after I get my license several months from now.

[darthleia]

Wow is great your trade in save you a lot of money and this was a great deal for you. My brother pays 270 for insurance on his ecoboost and probably we will search for other options . Thank you for this information

[local.okc.gymrat]

Im 19 and am contemplating getting a mustang and this was a very helpful video ❤

[michaelstout]

No such thing as a good car deal. So you are Correct…it’s a Good Deal if you are satisfied with your own experience/deal. If you feel satisfied, then it’s a good deal.
All other comments about how good my deal was is always completely irrelevant to anyone else.
Only dealer discounts & rebates are comparable. Really those are regional and Dealer specific. Nice to hear a 19 year old say & understand actual car deals. Enjoy your new GT…extremely Nice cars!!

[Just_Vibing_Bro]

lol really makes me see how they played me in my ecoboost 38k out the door ... could of had a gt

[Anonmous]

What insurance company you have? I have Geico. Best rates I could find anywhere and decent customer service. My 2020 Eco Premium has the most expensive insurance of any car I’ve ever insured. It’s almost 2.5x the rate of my 2020 Tacoma 4WD.

I think you got a great deal with both cars. I got my Eco for about $8k off MSRP- from $38k to $30k and I was happy. I didn’t want to pay the same amount for a base GT. I love my 8” touch screen, leather, pony puddle lights, multi color lights and heated and cooled seats too much.

[jgiat]

Hey, how long did you have the eco boost for ? And did you finish paying it off ? Or did you just trade it in and they gave you a certain amount for it and used that amount for the 5.0?

[scottnewellguitar]

Doc fee at my dealer was over $1000! Also, good news for when you get old like me (51) but insurance on a 2021 GT w/PP is about the same as a Honda HR-V believe it or not.

[happysimmer]

Hey man I’m 20 so basically same age as you. I had a 2018 eco boost and traded for a 2020 GT in December and my insurance also went down about $80 per month. I think it maybe because ecoboost are actually more common with young drivers therefore they are probably wrecked more often idk🤷‍♂️. Congrats on the new car bro.

[Muffin]

From your numbers it seems you did good, and nice to see your employer cut you a break on the doc fee, your gonna need a radar detector now LOL.

[pyrolucks]

I have a 19 ecoboost and am looking to trade for a >2018 gt, would my aftermarket intake and catback exhause affect any trade in offers?

[rickmassey]

You got a great deal....I bought my 16 base model GT in 18 from Carvana...it had 4300 miles on it . I paid $26, 462 out the door tax, title and registration.

[seanpauljenkins]

I know this video is old but I’m 19 with a 2021 EcoBoost and I wanna trade it in for a GT is but the car isn’t fully paid off, is it still possible for them to trade it in ?

[coreyfountain]

whats a good insurance company, just recently got approved from the bank for a loan to get a gt thats new, im 20 years old and insurance is the only thing masking me reconsider. So whats the best insurance for a young driver trying to get full coverage on a 2019 gt or somewhere around that year