I had a Flex originally, and got the Mustang as a second vehicle early 2018 (knowing that Bronco was on the horizon and was planning on getting out of the Flex because it was 11-ish years old at that point). I sold the Flex privately and then had the Mustang as a daily for a year and a half before my Bronco arrived.
Anyway, before I got the Mustang, I looked at an Edge ST, and did like it, but I just didn't love it enough to go with it. I guess it wasn't "unique" enough? (Which I suppose goes along with Farley's commodity product line). Had the Bronco not been on the horizon, I probably would've gone with the Edge, but once Bronco was around, that was the direction I was going.
Also in Bronco's favor was that my Mustang was a convertible, and that's what drew me to it - that I could take the top off and have the open-air feeling with an SUV. I did also think about a Mach E, but wasn't ready to go full electric (I'd have gotten a hybrid Bronco if it were available).
I would consider something like a Mustang SUV, but couldn't say if I'd pull the trigger or not unless I saw it.
I'm sure you understand this, but if you are invested at 11%, and your mortgage is at 2.9%, by taking that $60k out of your investments, you are losing 8.1% on that money, or about $400/month. If you just had it in a CD at 4%, it's much less, but the point still stands.
There is also that peace of mind to know that you are completely debt free, and you can't put a price on that. Also, sometimes it's worth that $400/month just to not have to listen to it from the other side!
Now, that's a simplified version. If you reinvest that house payment every month, you can make some of that difference back, plus there are tax considerations on both sides, but I just left that out of the equation because that's too much math for today.
Interior is "OK". But I hate how many Euro CUV's have a longer nose. Doesn't look right. Back end visuals have a weird dropped tail look to me. Almost KIA like to me for some odd reason.
I'd replace my Edge ST tomorrow with a X6 like Mustang SUV with a Coyote and 10 speed auto. Before I bought my Edge, I tried to get a Mach E, but the best deal I could find at the time was $5000 over sticker. I got the Edge for under sticker with 0% APR for 60 months.
Here's a quick, cheesy AI rendering of a X6 sized Mustang SUV.
'I know we're way off topic but indulge us a bit here....
We just paid off our mortgage last week. Wife wanted to pay it off last year but I talked her out of it along with the financial adviser. We're getting around 11% with very little risk and mortgage was 2.9%. We were down to $60k so it was no longer a huge difference monetarily so I agreed to pay it off just so I didn't have to hear about it any more.
On a good note she is finally starting to trust that we won't run out of money and it's ok to spend a little.
What are your thoughts on something like a mach-e? Like an actual mustang SUV?
My folks are currently planning for retirement, and after a lifetime of being frugal and responsible, I'm trying to convince them to get something special for themselves. It's kinda a toss up between a 4 door bronco and a base c8 at the moment. Both are icons with open air capabilities, but that's where it ends. We live in Utah at the moment, but the winters here are very mild, it's December and still in the 40s/50s with zero snow on the ground, so having a RWD sports car isn't a huge issue.
We already own an SUV and a truck, so I'm kinda trying to steer them towards a sports car. My dad has mobility issues in his early 70s, so it would be a challenge, but it would probably also be hard for him to step up into a bronco, he's gonna struggle either way. My mom only being 5'1 would probably like owning a low slung sports car, and loves the c8 every time she sees one. Plus the c8 will probably retain it's resale value better than the bronco. But it'll probably be less reliable long term, and more expensive to maintain.
So it's definitely a series of trade offs.