07 Shelby or 67 Fastback...decisions...

[stangonline]

I currently have a rust-free 67 fastback. I am trying to decide if I should continue down my original plan of building a griggs suspension, turbo, EFI 67....or... Selling it an getting the 07..which I can get at MSRP..

The 07 is tempting, as it would be the easy way out. The 67 is going to take 5+ years for me to build (and afford). The total cost of each would be about the same, but with the 07, I would be able to enjoy it right away.

The 67 would bring pretty good money if I sold it to get money for a DP on the 07, as it has a lot of options and original sheet metal (PS, PB, AC)..

Another factor is that I believe the 67 would hold its value much better.

I just don't know. Suggestions?

 

[Clay1582]

keep the 67 and sell me the shelby at msrp lol

 

[Wsmatau]

From personal experience I can tell you that restorations tend to be a real money pit unless you intend on doing most of the work yourself. I'm not slamming you here, but if you can't afford to restore the '67 you probably shouldn't buy a Shelby either. However, if you can get one at MSRP, I'd buy it and sell it on Ebay. Why should dealers make all the money? Then use that profit to start your "dream car."

 

[stangonline]

I can afford to build it, and I can afford the shelby - just not at once I don't have $50k burning a hole in my pocket, if thats what you mean The shelby would have the advantage of payments and the 67 would take almost as much time to build as it would take to save the money...if that makes sense. Yes, I intend on doing a lot of the work myself and I have some talented friends who own body shops, race car fab shops and such.

I cant buy the 07 at MSRP just to turn it - MSRP is a favor from a friend, so to sell it right away would be a slap in the face.

 

[Wsmatau]

I see. Well, like I said. Restomods tend to be money pits. But if I had the connections you have I think I would go down that road. In five years the Shelby will be just another "Nice Car" like any other Cobra from years past. A '67 will always be a classic.

 

[Pirateinastang]

I agree, done right a 67' will always turn heads everyone knows it's a real classic. A few years from now the Cobra won't really be such a big deal to the average person, but the 67' has lines that even an average person will see as special.

 

[351CJ]

Look at it this way, 472,171 - 1967 Mustangs were built and 317,404 similar looking 1968 Mustangs were built (close to 800,000 total 67 - 68).

About 20,000 - 2007 & 2008 GT-500s will be built.

As someone else said, unless you do the work yourself, you will never get your money back that you put into your 67 Mustang. And when you are all said and done all you will have is a rebuilt 40 year old car.

 

[GNN60GT500]

A total of XXXXXX number of Mustangs were built-

How many of those were V8 fastbacks?

How many of those V8 fastbacks are actually left?

Im not knocking new cars, but you will always loose more money on a new car then an old one-

Here is the problem- think of the 03/04 Cobra- what has happened since the Shelby has been announced- its not quite as special as it used to be- well what happens when they announce the 09 Shelby? the 11 Shelby?

A 67 fastback will always be a 67 fastback though-

What is your main pupose for this car?

Each car has its advantages/ disadvantages when compared to each other-

 

[05MGT]

A total of XXXXXX number of Mustangs were built-

How many of those were V8 fastbacks?

How many of those V8 fastbacks are actually left?

Im not knocking new cars, but you will always loose more money on a new car then an old one-

Here is the problem- think of the 03/04 Cobra- what has happened since the Shelby has been announced- its not quite as special as it used to be- well what happens when they announce the 09 Shelby? the 11 Shelby?

A 67 fastback will always be a 67 fastback though-

What is your main pupose for this car?

Each car has its advantages/ disadvantages when compared to each other-

But you know what? 40 years from now, the 07 GT500 will be the 67 fastback of tomorrow.

 

[stangonline]

Look at it this way, 472,171 - 1967 Mustangs were built and 317,404 similar looking 1968 Mustangs were built (close to 800,000 total 67 - 68).

About 20,000 - 2007 & 2008 GT-500s will be built.

As someone else said, unless you do the work yourself, you will never get your money back that you put into your 67 Mustang. And when you are all said and done all you will have is a rebuilt 40 year old car.

Investment-wise, I have no doubt which one would be worth more. There are advantages to having a "new" car, but really, the 07 will soon depreciate, like all new cars do...the 67 is and will continue to appreciate. In fact, I am certain, 100% certain that I could actually make money on the 67, but that's not really the point...

I'm leaning towards the 67 at this point.. While the 07 plays to my impatient nature to have another killer mustang, I think the 67 will bring me more long-term satisfaction. I sold my 93 coupe about a year ago and 100% regretted it - I don't want to do the same thing with the 67, just to regret it later. I figure this way, if I change my mind, I can get an 07-08 later..not to mention, I get to see what else Ford comes up with over the next few years.

The only bad thing that I can think of is; What if I pass on the 07-08 and then Ford goes into a long period where they don't make anything meaner than the Mustang GT? THEN it will be impossible to get an 07-08 Shelby, IMO.

Lastly I'll say that the WAF (wife approval factor) comes into play here. Having a car payment on the 07 as opposed to spending money on the 67 over the long haul, would tick her off instantly...to the point where it would be hard to enjoy my 07.

Jeff

 

[07SHELBYCOBRA]

I would recommend going with the 07 Shelby. With Ford cancelling their SVT group and the world economic conditions, I think this will be the last big horsepower Shelby mustang ever produced. The next Mustang could be a hybrid.

 

[351CJ]

Investment-wise, I have no doubt which one would be worth more. There are advantages to having a "new" car, but really, the 07 will soon depreciate, like all new cars do...the 67 is and will continue to appreciate. In fact, I am certain, 100% certain that I could actually make money on the 67, but that's not really the point...

I'm leaning towards the 67 at this point.. While the 07 plays to my impatient nature to have another killer mustang, I think the 67 will bring me more long-term satisfaction. I sold my 93 coupe about a year ago and 100% regretted it - I don't want to do the same thing with the 67, just to regret it later. I figure this way, if I change my mind, I can get an 07-08 later..not to mention, I get to see what else Ford comes up with over the next few years.

The only bad thing that I can think of is; What if I pass on the 07-08 and then Ford goes into a long period where they don't make anything meaner than the Mustang GT? THEN it will be impossible to get an 07-08 Shelby, IMO.

Lastly I'll say that the WAF (wife approval factor) comes into play here. Having a car payment on the 07 as opposed to spending money on the 67 over the long haul, would tick her off instantly...to the point where it would be hard to enjoy my 07.

Jeff

Sounds like your mind is already made up, so I don't know why you started the post in the first place.

I had 2 67 fastbacks a 289 K code and a 390 (S code?, no longer remember). I don't miss them one bit, they are horrible cars compared to what's made today. Given the choice between an 06 GT and getting either of those 67s I had back, I'd take the 06 GT in an instant.

Don't count on the price of Mustangs to keep appreciating. As the people who grew up with those cars (baby boomers) get older, they won't be buying 1960s cars, they'll be selling them. Few young people have any emotional connection with them so demand and price will drop.

If you are a student of "classic" car pricing this has been happening with olders cars, 20s, 30s, 40s and to a certain extent 50s. Prices of 60s cars are at their peak right now as the baby boomers are nearing retirement, have lots of $$ an are looking for things that reclaim their youth.

Prices for limited production special models (GT350, GT500, Boss, etc.) will continue to appreciate, but prices for run of the mill 1960s Mustangs (including fastbacks) will decline within 10 years.

 

[07SHELBYCOBRA]

Well put 351CJ. I think your all over this one.

 

[stangonline]

Sounds like your mind is already made up, so I don't know why you started the post in the first place.

I had 2 67 fastbacks a 289 K code and a 390 (S code?, no longer remember). I don't miss them one bit, they are horrible cars compared to what's made today. Given the choice between an 06 GT and getting either of those 67s I had back, I'd take the 06 GT in an instant.

Don't count on the price of Mustangs to keep appreciating. As the people who grew up with those cars (baby boomers) get older, they won't be buying 1960s cars, they'll be selling them. Few young people have any emotional connection with them so demand and price will drop.

If you are a student of "classic" car pricing this has been happening with olders cars, 20s, 30s, 40s and to a certain extent 50s. Prices of 60s cars are at their peak right now as the baby boomers are nearing retirement, have lots of $$ an are looking for things that reclaim their youth.

Prices for limited production special models (GT350, GT500, Boss, etc.) will continue to appreciate, but prices for run of the mill 1960s Mustangs (including fastbacks) will decline within 10 years.

My mind was not made up - this thread helped me to choose the 67, thank you very much. Helped me realize that as Ford produces (hopefully) other high-performance models and 20,000 Shelbys, my 67 will still be the most unique in the bunch. I intend on making it faster in every way, but I have no illusions of even close to matching ride quality (bye-bye kidneys)...and I will be paranoid about taking it everywhere (which was less of a concern with the Shelby, as it could be easily repaired/replaced). The list goes on, but regardless, thanks to most here for the encouraging words - I hope you enjoy your Shelbys - kick ass car.

Comparing an original 67 with what is made today? Gee, I really expected the older car to be so much better... I guess if you personally didn't like or know how to work on a car and wanted to choose a driver for your wife, then you could pick the 06, so would I. Remember, I'm building something a little above your k-code.

While classic cars may not appreciate at the rate that they have over the last 10 years, they WILL still apreciate. If think that the only generation that likes these cars is the one that was around when the original ones were produced, your simply wrong. I'm almost 33, so my current car is 5 years older than I am. All you have to do is turn on the TV to see the people who are buying 60s musclecars these days. While your argument sounds good, It doesn't apply the same way to a certain handful of cars (Camaros, certain Mopars...), read on. The fact that these cars are so popular STILL TODAY will ensure their timelessness (is that a word?). You have to remember, the Mustang is a different animal...the car clubs and enthusiast groups will keep these cars (even the 07, through the years), in the spotlight, and sons/grandsons will have exposure to them, which is what will keep them more valuable than many other collectibles (classic or not).

Again, my main concern was not to argue the value of a classic car vs. a new car...and I'm not going to any longer.

 

[stangonline]

Now I just have to figure out what to do with 2007shelby.com
and 07shelby.com...which I purchased in anticipation of getting one

Jeff

 

[351CJ]

As someone who has been through the '67 Mustang thing, I was just trying to give you some friendly advice. As Wsmatau said they are money pits. You seem to have the mistaken impression that you can dump a ton of $$ into your 67 Mustang and come out ahead in the end. It's not gonna happen.

The most valuable 1967 Mustang is one that is 100% factory original, never been modified, never been tampered with, never been repainted, etc.

The next most valuable 1967 Mustang is one that has been restored as close as possible to factory original.

Anything that has been modified, even if it is for the better, will have less value than factory original. I've been through it, you never get your money back.

Your are stuck in a quandry, to make your 67 Mustang a "liveable" car you have to do a lot of upgrades to it, all of which ultimately lower its value.

I said in my post I had 2 67s. The K code which was completely torn down & rebuilt with hot parts, better heads, cam, valves, valve springs, etc. headers, 4.10 gears, etc. In hindsight I would have been better off leaving it 100% factory original. I certainly would have gotten more $$ for it when I sold it.

The other was a 390 that I did a lot of work to. When it was all said and done I essentually had a balanced & bluprinted 428 CJ in it (got torque? standing starts in 3rd gear weren't any problem). It also had headers, ignition, gears, Detroit Locker, traction bars (to keep that stupid leaf spring rear end from winding up) and a lot of other stuff in it. Again, I spent way more on it than I ever got back on it.

If you are looking for a toy car to spend your time working on it, have a party, they're cool cars, after all I should know I had 2 of them and went through some of what you're comptemplating. You'll have a party, learn a lot of things, waste a lot of time & $$. Then 20 years from now you can be just like me, here on StangNet giving advice to some 33 year old who is debating whether to get a 2027 Mustang or dump $$ in to restoring & building a 2005 Stang. But don't think for one minute that a highly modified 67 Mustang will be a good "investment".

 

[eric n]

I'm pretty close to an instant gratification guy. So I compare, get in the shelby and start it up and go zoom.... vs 5 years from now the fastback is finally ready.

I'd take the shelby, but then again I have a nice 66fastback and I was intent on getting the shelby until my dealer backed out of our deal.

 

[stangonline]

As someone who has been through the '67 Mustang thing, I was just trying to give you some friendly advice. As Wsmatau said they are money pits. You seem to have the mistaken impression that you can dump a ton of $$ into your 67 Mustang and come out ahead in the end. It's not gonna happen.

The most valuable 1967 Mustang is one that is 100% factory original, never been modified, never been tampered with, never been repainted, etc.

The next most valuable 1967 Mustang is one that has been restored as close as possible to factory original.

Anything that has been modified, even if it is for the better, will have less value than factory original. I've been through it, you never get your money back.

Your are stuck in a quandry, to make your 67 Mustang a "liveable" car you have to do a lot of upgrades to it, all of which ultimately lower its value.

I said in my post I had 2 67s. The K code which was completely torn down & rebuilt with hot parts, better heads, cam, valves, valve springs, etc. headers, 4.10 gears, etc. In hindsight I would have been better off leaving it 100% factory original. I certainly would have gotten more $$ for it when I sold it.

The other was a 390 that I did a lot of work to. When it was all said and done I essentually had a balanced & bluprinted 428 CJ in it (got torque? standing starts in 3rd gear weren't any problem). It also had headers, ignition, gears, Detroit Locker, traction bars (to keep that stupid leaf spring rear end from winding up) and a lot of other stuff in it. Again, I spent way more on it than I ever got back on it.

If you are looking for a toy car to spend your time working on it, have a party, they're cool cars, after all I should know I had 2 of them and went through some of what you're comptemplating. You'll have a party, learn a lot of things, waste a lot of time & $$. Then 20 years from now you can be just like me, here on StangNet giving advice to some 33 year old who is debating whether to get a 2027 Mustang or dump $$ in to restoring & building a 2005 Stang. But don't think for one minute that a highly modified 67 Mustang will be a good "investment".

Perhaps I'm being as hard-headed as you are.... Open your eyes buddy. Quality restomodded stangs are bringing tons more money than the same car would stock (unless a true Shelby).. I'm not talking about your balanced and blueprinted, bolt on affair car. Shuussh, don't tell the companies and individuals that are still building Eleanor cars that they aren't going to make any money on them.. The market has extended far past 100% perfect restorations (even of those show cars, only the more rare ones are worth a "LOT") As far as I've seen, anything selling for over $50k is usually a Shelby or a restomod (again, not a bolt-on restomod). It doesn't really matter, as the question was never "How much money can I make on this thing when I'm done?". I don't intend on selling it once I build it. I'm done here, as your opinion is obviously gold.

 

[stangonline]

I would recommend going with the 07 Shelby. With Ford cancelling their SVT group and the world economic conditions, I think this will be the last big horsepower Shelby mustang ever produced. The next Mustang could be a hybrid.

That is a good point, and my main motivation for getting an 07. I'm going to roll the dice though, and hope that they continue to make them, or some variation of them in the future.

Thanks
Jeff

 

[stangonline]

I'm pretty close to an instant gratification guy. So I compare, get in the shelby and start it up and go zoom.... vs 5 years from now the fastback is finally ready.

I'd take the shelby, but then again I have a nice 66fastback and I was intent on getting the shelby until my dealer backed out of our deal.

Funny - me too. It is tempting to just go up to the dealer and be driving a GT500 in no time. If I already had the 67 done, or close to done, I would be after the 07 for sure too

Jeff