I personally wouldn't do 15-20K over sticker. Maybe 5-10K over for an 07 vert though, because it is not necessarily nuts. I think that car will have a HUGE value come 20-40 years. Look at what 67 GT500's at Barrett-Jackson go for. Get a new/very slightly used 07, put minimal miles on it, keep it in better than showroom condition, and it may be worth $500,000 in 25 years. That's not a bad investment. Of course, it may not be worth anything, but I think that with the shelby name, it will always be a premium.

Also, don't forget that 05 Mustang GT's were going for 5K over sticker new, and that is one of the reasons that they still hold their value somewhat well.

 

what are you talking about? you'd be crazy to pay 20k over msrp.

 

They might go high, but, they will never compare to the 60's models. Don't get me wrong, I love the GT500.

The 60's cars were made in much lower volumes and the build quality was much less. Also, back then, not too many people were thinking "I should preserve this car." So the net result is far fewer available cars. These newer cars will be made in larger numbers, built to last much better than the '60s, and several will be preserved. Far more available cars in 25 years. Also, the '60s cars were designed and built (until later in the run) by Shelby at his facility. These new ones are designed and built by Ford/SVT with approval of Shelby and his name stuck on the car in a few spots. If you really want a special collector car, buy the GT-H Shelbys that are being sold on ebay now. They will carry the most value into the next generation of car collectors. Even the Shelby GT at lower volumes and more involvement by Shelby Autos will likely be worth more.

The mentality of "this car will be worth a ton someday" and justifying the ridiculous ADMs is what is driving the ADMs in the first place. IF people stop falling for the hype and let the cars sit, the price will come down.

 

I don't think the Shelby GT is anything special: it's just a GT with some stripes, an intake and exhaust, and shelby's name on it.

At least the GT500 is something "special" and carries history. I agree that with the production numbers that are being estimated for the GT500, that the likelihood of them reaching extreme values is a little low. But, I think the 07 models will have a premium over the 08/09 models, because it was the first year that they came back with them, so it is more of a collector's car. (I know you just got an 08 for MSRP, and I don't mean for what I said to sound mean; MSRP for an 08 probably makes up for the cost differential vs. resale value).

But, once shelby becomes a "legend" [hopefully not for quite a long time], I think that the cars are going to escallate in price to a good degree.


The GT-H carries history too, and so I agree with you that that car will have a good resale value in the future as well, especially since they were such low production numbers

 

What am I talking about?? Did you not read this thread from the beginning??? It's about a Shelby that was advertised originally for 41k and after calling, the thread author discovered that they wanted 67k.

THAT'S where the 20k over msrp came from.

 

For 41K, I would have put it on my credit card and flipped it within a week for 55! And paid off with no interest! Too bad, scammers...

CR
Tillman Speed

 

I don't think that they were scamming. I think they just put it in for MSRP, without the ADM.

That dealership is actually pretty good to deal with. They used to be a small town dealership, and then they got bought out by a name. But, they are still decent.

But, like I posted before, there is nothing illegal, nor is it a scam, to do that (if it was intentional)

 

I agree 100%.

Don't get me wrong, I think the new GT500 is an amazing car and I would love to own one and might one day. But I think it just can't be lumped in with the 60's Shelby's values due to a lot of the reasons crazyhorse listed and more.

 

I only listed the Shelby GT because it is made (modified) at Shelby Autos and is designed by Shelby Autos (although Carroll himself prob did not do much on it either).

I don't agree on the 07 vs 08 thing. The car is the same as far as drivetrain and features and close on production numbers. It will be viewed as the same car in the future. If a buyer has an '07 and an '08 in front of him, he is not going to pay 50 grand extra for the '07 just because it is an '07. Year would only affect it if there were significant differences. I suppose colors may affect value. For example, if Grabber Orange were only offered in '07 and not '08. I'd say otherwise, no sig value difference. If the '07 were a 40th anniv edition that might affect the value.

 

I'm just trying to imagine the announcers on the B-J auction going: "This is an 07 GT500...this marks the 40th anniversary of the original GT500" (eventhough it isn't technically a 40th anniversary) "This was the first time in XX years that a GT500 was made" (I don't know the older cars too well)

The same occurs with the Shelby GT-H: it was the first time in 40 years that it was made, so it is going to mean something, eventhough it isn't really considered a 40th anniversary car.

On the flip side, just because something is an anniversary edition doesn't mean it's worth more. A 40th anniversary mustang ('04) has no more value than an 03 mustang, which has no more value than a 35th anniversary (99), except for the fact that the 04 is a newer model, therefore always worth more.

All I am saying is that, to me, an 07 has more value because it was the first year that they "brought back" the GT500, versus an 09, which like you said will be just like the 07 in terms of features.

I still feel that an 05 mustang is going to be worth more than an 07 some 20 years down the road, because it was the start of "new mustang". Although, at the same time, I'm trying to imagine a 94 mustang being worth more than a 96, and I just can't picture that.

 

I have to wonder how much any of these cars will be worth in 20 Years, if gasoline is next to impossible to find!

 

Touche'.

 

I think we will find a way to produce fuels that will burn like gasoline from other sources.

 

Technology has existed to make synthetic gasoline for decades. **** Germany used it extensively to make up for the loss of the Romanian oil sources. It's expensive compared to regular gasoline though. http://www.airpower.maxwell.af.mil/a...aug/becker.htm

 

Absolutely, positevely, and without a doubt.

 

Well, let's use your logic for the 60's model mustangs, fastbacks specifically, that are yielding so much value at the moment.

A '65 fastback(first year for the fastback) is worth no more than a '66, '67 or '68. So, that logic can be certainly disputed. First year of anything really hasn't, to this point anyway, shown any exclusivity.

 

Value has to do with availability and desirability. Rare cars that are highly desired bring the big money. Rare cars that no one wants, bring little money. Plentiful cars that everyone wants bring medium money (at least until they become unavailable). This principle is entirely what my point is about. IF Ford makes 10k of these for 3 years without significant changes and several collector wannabes save them in pristine condition, then the car is not going to carry a big ticket price tag. Because it will be highly desired, but plentiful, I think it will bring some value, but, never the 60s Shelby type numbers.

 

True, but the first year isn't worth any less either, because for late model vehicles, a newer model year is ALWAYS worth more than the years before it, even IDENTICAL vehicles. (Take for example an 01 GT vs. and 02 GT...the 02 is always worth more)

So, if a first year fastback is worth at least the same as a similarly equipped, same yearly mileage model that is 2 years newer, that isn't bad. Or is it that the newer model is worth as much as the first year model. Which came first, the chicken or the egg?

I'm just saying that TO ME, first year "special edition" vehicles are more valuable than later year models that are essentially the same car but one year newer.

Keep in mind that back in the day, they did use to change things up on cars EACH YEAR in some way, whether it be headlight arrangement, taillights, hoods, etc. I remember going to car shows when I was young and my dad would know exactly what year and model a car was, right down to the options. It is much harder to do that with today's cars, especially on "run of the mill" cars such as rental sedans, SUV's, etc.

Today, with Ford in particular, it is pretty much the same exact thing for 2 years, and then they change wheels and maybe darken/brighten the headlights. AND, if Ford continues with what it always does, GT500 wheels will end up as an option on GT's in 2 years; I swear I think Ford just overproduces wheels and some other options from "special edition" cars, and then puts them into lower models as options later...I feel sorry for 01 Bullitt owners, because everyone and their mom now has a mustang with bullitt style rims from the factory]

 

The price is back down to $41302 today. I'm not sure what is going on. http://www.autotrader.com/fyc/vdp.js...ag=1&cardist=5

Someone needs to go get this one so I won't.

 

It really is dissapointing to me that its still impossible to buy one of these cars at MRSP. They have been out since what? Mid-end of the summer? Just look at the outrageous prices they want for one-owner cars on ebay...its just a big downer that average joes like me will probably never be able to afford one of these amazing cars.

Is it the Shelby name thats causing these outrageous prices? If the car was simply an SVT Cobra would all this price gouging continue to this day? Or would selling prices across the country have stabilized by now?

Sorry to be such a debbie downer, but it just depresses me...