How bad of an idea is it to get a mustang as a first car at 15?

Insurance through the roof.

I don't have the appropriate life experience to give a rich 15-year-old advice on cars.

Get a shitbox as your first car. Youre gonna scrape it, curb it, and do a bunch of stupid shit. Unless you intend the mustang to be a shitbox

You are asking a question you already know the answer to.

Yeah that v6 seems like a poor deal for a mustang at that price.

It might be in nice shape but I would not consider it personally.

My Mustang (2002 V6) was my first car. Was a Hertz rental that I bought at a Dodge dealer of all places. Took me through HS, tech school, and 2 years into my first "real job" - before buy a small SUV for winter duty - and several road trips. Was always there. Did crash it once fairly badly, but it was repaired and returned to me.

V6 will save a tiny bit on insurance. You could also see if your parents will let you go onto their insurance policy as I did for the first few years which also kept costs down.

I've changed and modified so many things now that it's a far cry from what it was on day one (manual swap & supercharger are the big items) but I still own it to this day 20 years later with no intention of ever parting with it.

Terrible

Terrible idea.

As long as you can afford it and insurance, go for it. I got a 2017 GT as my first car at 18

Bro u only live once get that sht and it’s gotta be a v8 not this v6 sht

My first car was a 65 Mustang Coupe with a straight 6. Burned a quart of oil a week.

Bro you got that much capital to buy one and you’re gonna get a v6?? Just get a gt and have ford set you up with my key with limits your top speed to 80mph 100mph ect.

When I was 15 I bought my 1965 Mustang coupe from the original owner for $400. This was in 1985.

My Dad and I restored it over the next few years. Now 39 years later I’m preparing to restore it again.

Other than the time I tried to out run the cops in it, it has been a fine decision.

I may actually be able to help with this since I was in the same situation last year. Except I was a year older.

I bought a 2014 Ford Mustang V6 RS that I saved for since I was 15. Insurance prices weren't great to start but it's better now. It all depends on which company you go with and how good the plan is and I imagine where you are. Also mustangs crashing will always come up but just don't be stupid and you'll be fine.

Also I saw comments about a S550 and V8. It all depends on what you want. I was down for either a 2014 or S550 but I went with what felt right for me which is what I got. Yeah a V8 manual would be cool and a S550 is pretty nice, but I have 0 regrets with the money I spent. I can get another one down the road. Not getting a V8 right now will help me save money when communting to and from school or work (25mpg usually, I got up to 36mpg when on a road trip using cruise control), aswell as insurance money. If I can get it to work I'll post a pic. *

I understand the intrigue, and being your first car, you are excited and want to get what you want, as you have a vision in your head of how this plays out… the rush, the approvals, and overall fun and cool status. Many of us have been there.

I recommend considering a few other things. - how will it be used? - do you need to travel to the point better gas mileage will save you a sizable amount of money? Work, school, using it for Uber, etc? - despite how it feels to have some cash, $3k/mo is far from loaded, but you can maximize the potential. - make your money work for you. Remember, what you put into this car will be done, unless you are using it for business that has a clear return that cannot be accomplished by another vehicle for a better deal. With $3k, the best thing you could do is buy a budget vehicle that gets the job done, and learn about investments: consider both stocks and real estate. Don’t try to get fancy with this money and day trade… do that with play money. If you invest this early on in SPY, QQQ, Vanguard, and some others, you will look back in a short amount of time and realize this is the best advice you never wanted to hear. You could quite honestly remember this moment, as a multimillionaire. Compounding works, and so do good habits. If you can learn to overcome peer pressure, approval seeking, and impulse buying now, you will have the core principles of discipline to take you further than the majority of society.

Whatever you do decide, I wish you the best.

V8 sir

You can afford a v8 get a v8

Id rather an inexperienced driver get into an s550 rather than a s197. Reason being is s197 is the gen that has the “live axle” where the s550 does have independent rear suspension. Besides that I believe the v6 is pretty reliable but I can’t really answer to that as I haven’t owned one.