I am interested in hearing peoples opinions in regards to what one might expect to pay for a used 07 GT500 coupe with less than 10,000 miles in 2-3 years?
Scott
Scott
LV51FER said:If it was the only car out there, I'm sure the values will remain high but I suspect there are thousands of Mustang owners who have bought one because GM stopped making the F-car and who will return to the Camaro when it arrives. I'd put myself into that category but a lot will depend on engine options and I don't have a GT500 to sell. An LS7 Camaro would make a big impact.
For my money, I wouldn't buy a GT500 anyway but there will be plenty of people waiting to snap them up when the premium culture subsides. It may be that those who paid the premium won't want to take a stiff shafting so may keep the cars so non-availability may keep prices high.
That said, those who bought a GT500 to be first on the block are possibly the same people who will want to be first on the block with a Challenger or a Camaro so the market could easily become saturated and prices could fall. You'll also have a restyled Mustang in 2008 which may be so drop dead gorgeous that this Shelby becomes last years model really quick. The acid test will be whether the GT500 finds it's own niche as a performance car or as this year's fashion accessory.
roboto1720 said:I'm guessing in the $30,000 range. SVT vehicles hold their value well. If the Shelby were registered in the Shelby corp. registry it could be maybe in the upper $30,000 range. I haven't had one person who can say for sure that the GT500 is even registered through the Carroll Shelby corp.If not it's just an SVT mustang. Still a very well built car. I also think that the production numbers will play a part in determining the value of a use Shelby GT500.But I'm sure RICKS will prove me wrong.
RICKS said:Depends on gas prices, the middle east, pollution politics, etc....
Sounds like I'm getting lost in platitudes, but there's a very real question mark hovering over how much longer/further this latest horsepower renaissance can extend before government legislated fuel economy standards, or smog standards, or oil prices, or just plain old market-demand and market-trends, cause the current plethora of to-die-for muscle cars to wane a bit. Once a bit of back-slide happens, look for cars that represented the "pinnacle of performance" to be highly collectible, and all other muscle-car-type cars to gain a new nostalgia.
Where it gets fuzzy is how the values will be affected. In the 70's, when gas got high and market desires shifted, used muscle cars had a strong and loyal following, but mostly among low-income blue-collar folks, and the values were CHEAP, ridiculously cheap. It was weird, they were "collectible", but not excessively valuable as they are today. Today, 60's muscle is plain NUTS. It's all 35-45 years old now. It just spiked skyward two years ago.
I think if the current modern horsepower war starts to slow down and wilt away in the next several years, that it'll be a bit different, as folks will look at how nobody RECOGNIZED the future collectibility of 60's muscle during the 70's and 80's, and they'll learn from that history, and not make the same mistakes. I think, that if for some reason, cars like the GT500, and the SRT8's & SRT10's, V-spec Caddies, and the upcoming Camaros and Challengers, and all the European (AMG, M, R) nutty-powerful hotrods, wind up representing the last big bangs from the modern muscle car movement, that they'll become instantly collectible, and values will always be fairly high, never "cheap" like you could get away with in the 70's.
However, if technology and world affairs and market demand continue to allow this horsepower war to continue building, the GT500 is doomed to be outgunned by something hotter, and then something hotter after that, and will just be another used car, like a '98 Cobra if you will, easy to find cheap, who cares that it says Shelby on it. If THAT happens, it'll take 20-30 years before it morphs into a "classic car", where it gets another chance to rise steeply in value.
Confusing enough?
Blueshelby said:I believe one of the magazines has listed the Shelby as the top investment car for long term growth...ie holding it for 20 years. There are those palnning on it (me as well) but the downside is availability of parts. May have to take stock for replacements.
steemin said:I have a friend that just paid $15,000 over for his GT500,
He put a wall up between the 2nd and 3rd bays in his garage.
He is going to park the car in the 3rd bay "out of sight out of mind"
in his own words.
His plan is to not ever drive the car/ not even get plates on the car.
He believes that he will pull the car out in 30 years and make a killing.
I believe that he is sadly mistaken..
Scott
RICKS said:Depends on gas prices, the middle east, pollution politics, etc....
RICKS said:I have alot of 1st-hand experience in collecting no-mile cars. Your friend will be LUCKY to stay ahead of the following equation: