Yeah. I often what will happen, if anything to the values of GT500s when Mr. Shelby passes.
When you get a chance, post some pictures of the new car for us to drool over:beer:
Whats with the prices of gt500's??
- Thread starter MysticChromeSVT
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Yeah. I often what will happen, if anything to the values of GT500s when Mr. Shelby passes.
When you get a chance, post some pictures of the new car for us to drool over:beer:
Wonder what the total units of oxford white 04 verts left on the road currently are.
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How do figure he paid more than the car is worth? You definitely can't go by what they go for on a forum such as this for comparison because you will always get more for any particular car than you will on an enthusiast board. For example, when I sold my FF '65 Cobra replica, they were selling in the $22-$30k range on the FF "enthusiast" site I belonged to. I threw mine on ebay, and it was gone in 4 days at $55k. This guy bought what was essentially a brand new, old car for maybe $5-$6k more than the ones with 50-60k miles on them are selling for, so how again is it that he overpaid?:??:
Most of the ridiculous price of the 500's seem to just be the Shelby name. Not much for resale value.
I had never bought a new car and never had a Ford before I bought mine new in 03. It had to be pretty special to get me to buy it new. I think the current prices reflect that it was and still is a very special car.
What would a gt500 with 1600 miles go for?? A long way from $30k & probably over $45 or so
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the 07 - 10 GT500's are a dime a dozen, soooo many where made.
Supply > demand
Supply > demand
Brian nailed it here.
I guess I fail to follow your logic. I know we are on SVTP where everyone thinks The 03/04 Cobras are the greatest thing since sliced bread, but come on $32k for a 2004 Mustang...GTFO.
To me, I could care less if someone spent ten times that amount on the same car since anyone can spend their hard earned money how they see fit. Just because someone pays more than the fair market value for a given item, does not increase its worth. :bash:
$32K seems fair for a car that has 1,600 miles, that will go down in history. If your in the market for MC,CO,SB your going to pay for it, that's a fact.
The problem with the GT500s is that they have almost become a production vehicle with constant upgrades with the next year models. Everyone keeps dumping them for the next best thing and I can't blame them, but that's what is killing their value. Soon you'll be able to pick up a decent milage 07' GT500 in the low $20s
The problem with the GT500s is that they have almost become a production vehicle with constant upgrades with the next year models. Everyone keeps dumping them for the next best thing and I can't blame them, but that's what is killing their value. Soon you'll be able to pick up a decent milage 07' GT500 in the low $20s
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