Going Rates - Long term investment? Low mileage GT-H
#1
Posted 18 August 2009 - 08:28 PM
Short of it is, I'm kicking tires on 2007 GT-H and GT500 verts. This topic solely about the GT-H and why I can't seem to steer away from the thought of spending the same money on an aguably less optioned version of the same basic car with not only more but harder miles on the odo when comparing examples of similar condition.
I also struggle with the belief that there is still a significant ROI risk with the GT-H. Not to be the newbie black sheep, but I would guess that if there wasn't the "investment" metric on the part of the current owners we would probably see several modified versions. Fact is that it's not that difficult or expensive to drop in a T-56 and if there is any car that deserves to be driven with a manual it is a Shelby and let's face it, even GT500 owners can't resist adding more power. Not that I would count on a late model car a an investment, but it would be nice to loose less and that in itself is satifaction. I do empathize for the GT500 owners who bought them new in early '07 before Ford release their production plans, but then again maybe these are the next '70 B2, which may be more comparable in the long run than we think.
That said, I have found a prime example of the GT-H for sale. Good news it's a damn near showroom new car with 1,500 on the ticker, bad news is I want a car I can drive and can get a GT500 vert for the same price. So you are all smart, you know what this car can be had for, is it worth it or in years down the road it won't really matter if I spend the extra $ buy one today with 1,500 miles or hold out and spend much less for one with 15,000 miles on it?
#2
Posted 19 August 2009 - 07:37 AM
From what you posted my suggestion to you is to purchase a higher mileage 2007 GTH in the $25k range. You should be able to get one with under 36k miles so that you'll have a last chance at any warranty repairs before the 3/36 factory warranty expires.
I would then mod the car as you see fit with the suggestion of saving any removed parts just in case.
My opinion is that too many of these cars have been put away already so why not enjoy the car now and let others gamble on using these cars as investments.
Steve
#3
Posted 19 August 2009 - 06:11 PM
I think I know which car you are talking about. The dealer has it listed for $49,900 on their website. Anyway, if it's the same one I am thinking about I talked to the dealer ship about 9 months back. I wound up buying a 07 GT-H manual instead. I think you should completely forget about the "return on investment" question and just buy the Vert you really want. You see I have an 08 GT500 to compare against the GT-H and they both have great qualities, BUT, ask your self, do you want the horse power of the GT500 or do you want something a little rarer like the GT-H.
Both cars are great. I think you can't go wrong with either.
QSS
#4
Posted 19 August 2009 - 07:57 PM
#5
Posted 20 August 2009 - 01:26 PM
mfield2a, on Aug 19 2009, 10:57 PM, said:
buy them both
#6
Posted 22 August 2009 - 08:37 AM
As for ROI (and I admit, I don't own a GT500), I seriously doubt that a GT500 will be an "investment" because of the high production volume. Even if you get a GT-H and put some miles on it, one would think the exclusivity would mean something down the road. And in the meantime, you have a car that is extremely rare. Of the 500 built, figure a dozen or so were probably totalled and many more are sitting in vacuum sealed garages someplace. I can count on two fingers how many I've seen on the road since they were sold to private buyers (other than my 06 GT-H, I've only seen two of those, too).
Good luck either way. You are basically picking your favorite slice of pizza, and there are no bad choices.
#7
Posted 23 August 2009 - 03:52 AM
mfield2a, on Aug 19 2009, 12:28 AM, said:
Short of it is, I'm kicking tires on 2007 GT-H and GT500 verts. This topic solely about the GT-H and why I can't seem to steer away from the thought of spending the same money on an aguably less optioned version of the same basic car with not only more but harder miles on the odo when comparing examples of similar condition.
I also struggle with the belief that there is still a significant ROI risk with the GT-H. Not to be the newbie black sheep, but I would guess that if there wasn't the "investment" metric on the part of the current owners we would probably see several modified versions. Fact is that it's not that difficult or expensive to drop in a T-56 and if there is any car that deserves to be driven with a manual it is a Shelby and let's face it, even GT500 owners can't resist adding more power. Not that I would count on a late model car a an investment, but it would be nice to loose less and that in itself is satifaction. I do empathize for the GT500 owners who bought them new in early '07 before Ford release their production plans, but then again maybe these are the next '70 B2, which may be more comparable in the long run than we think.
That said, I have found a prime example of the GT-H for sale. Good news it's a damn near showroom new car with 1,500 on the ticker, bad news is I want a car I can drive and can get a GT500 vert for the same price. So you are all smart, you know what this car can be had for, is it worth it or in years down the road it won't really matter if I spend the extra $ buy one today with 1,500 miles or hold out and spend much less for one with 15,000 miles on it?
I struggled with the same thoughts you're having. I bought a 2006 GTH coupe that was car number 007 with less than 12,000 miles. I wanted a car to drive, not let set in my garage. Being from the old school of thinking, I couldn't force myself to put a lot of miles on such a low numbered car. So I sold that car and bought a new 2007 SGT in April 2008. I did a lot of homework, mainly following Ebay auctions, and got both cars when the market bottomed out. I bought the 2007 NEW for $33,600. My thoughts on your decision would be to let the low mileage car go to a collector, and buy one of the higher mileage GTH convertibles, and have fun. I now have 13,000 miles on my SGT and drive it everyday, including vacations, and never think about miles or modifications. Good luck.
#8
Posted 05 September 2009 - 09:51 AM
mfield2a, on Aug 18 2009, 09:28 PM, said:
Short of it is, I'm kicking tires on 2007 GT-H and GT500 verts. This topic solely about the GT-H and why I can't seem to steer away from the thought of spending the same money on an aguably less optioned version of the same basic car with not only more but harder miles on the odo when comparing examples of similar condition.
I also struggle with the belief that there is still a significant ROI risk with the GT-H. Not to be the newbie black sheep, but I would guess that if there wasn't the "investment" metric on the part of the current owners we would probably see several modified versions. Fact is that it's not that difficult or expensive to drop in a T-56 and if there is any car that deserves to be driven with a manual it is a Shelby and let's face it, even GT500 owners can't resist adding more power. Not that I would count on a late model car a an investment, but it would be nice to loose less and that in itself is satifaction. I do empathize for the GT500 owners who bought them new in early '07 before Ford release their production plans, but then again maybe these are the next '70 B2, which may be more comparable in the long run than we think.
That said, I have found a prime example of the GT-H for sale. Good news it's a damn near showroom new car with 1,500 on the ticker, bad news is I want a car I can drive and can get a GT500 vert for the same price. So you are all smart, you know what this car can be had for, is it worth it or in years down the road it won't really matter if I spend the extra $ buy one today with 1,500 miles or hold out and spend much less for one with 15,000 miles on it?
Well, did you make any decisions? Do you pick one up?
QSS
#9
Posted 05 September 2009 - 02:52 PM
QuickSilverShelby, on Sep 5 2009, 10:51 AM, said:
QSS
if you are buying a GT H with 1500 miles it means it must not have been put into rentel service which makes it all more valuable then the other 490 plus that were beat to death in rental service. My 86 buick grand national has only in the last 2 years started going up in value. Keep that in mind.
#10
Posted 05 September 2009 - 03:12 PM
Shelbyite, on Sep 5 2009, 03:52 PM, said:
Shelbyite
As a previous 86 GN owner I can say that nice GN's have been selling for above MSRP for many years now. In fact its the only NEW car I 've ever purchased that has gone up in value.
I suspect there are enough Hertz cars put away with less than 1500 miles that will be more than enough for the collector auctions down the road but I do agree that one with 1500 miles has more value than one with 15,000 miles. How much more value? Thats up to the buyer to decide.
Steve
#11
Posted 06 September 2009 - 07:56 AM
shelbymotorsports, on Sep 5 2009, 04:12 PM, said:
As a previous 86 GN owner I can say that nice GN's have been selling for above MSRP for many years now. In fact its the only NEW car I 've ever purchased that has gone up in value.
I suspect there are enough Hertz cars put away with less than 1500 miles that will be more than enough for the collector auctions down the road but I do agree that one with 1500 miles has more value than one with 15,000 miles. How much more value? Thats up to the buyer to decide.
Steve
I have to agree with you on this Steve. Why speculate on the future value of these cars, life is way too short to worry about the dollar value of these cool cars, drive it and enjoy it. My 07 had 777 miles on her when I picked her up this spring and I plan on putting 1000 miles or so per year on her. THEN, in 20 or 30 years, IF (and thats a BIG "if") I want a museaum piece, my plan is to buy one of the wrapper GT-H's that come up for sale, that way I don't have to deal with storage and "Driving Envy" that comes with storing a cool car. Kinda like having a super model wife and not wanting to give her wrinkles from "USE".
But you know, my tastes may have changed and in 2028 I will be buying the 60th anniversary electric GT5000 that comes with 1540HP and a built in "pee bag" for my old arse bladder. That probably would be a factory option but I probably would go for it, you know, just in case.
QSS
#12
Posted 06 September 2009 - 10:18 AM
Find it, buy it, drive it. Never look back.
Shoot if I would have put my cars on a shelf or hid them away instead of having a blast driving them, what memories would I have? None. Memories are all you truly get to keep in this life.
Food for thought- I just recently bought a super clean 2003 Larson 215 Escape deckboat. I mean immaculate. 18 hours on the engine. Never in the sun, or stored outside. Worth now about 28K. The owner bought new at 48K in 03. I paid him 13K cash. First thing he said is he wished he used the boat more , how much his family they had every trip. He didn't want to sun fade it or get it dirty. Who lost out?
My 2 cents. Good Luck.
#13
Posted 28 December 2009 - 04:59 AM
azmartin, on 06 September 2009 - 11:18 AM, said:
Find it, buy it, drive it. Never look back.
Shoot if I would have put my cars on a shelf or hid them away instead of having a blast driving them, what memories would I have? None. Memories are all you truly get to keep in this life.
Food for thought- I just recently bought a super clean 2003 Larson 215 Escape deckboat. I mean immaculate. 18 hours on the engine. Never in the sun, or stored outside. Worth now about 28K. The owner bought new at 48K in 03. I paid him 13K cash. First thing he said is he wished he used the boat more , how much his family they had every trip. He didn't want to sun fade it or get it dirty. Who lost out?
My 2 cents. Good Luck.
#14
Posted 28 December 2009 - 05:01 AM
#15
Posted 28 December 2009 - 05:56 AM
I didnt purchase it for an investment.
#16
Posted 28 December 2009 - 09:57 PM
stangman0_2, on 28 December 2009 - 05:01 AM, said:
woodworking65, on 28 December 2009 - 05:56 AM, said:
I didnt purchase it for an investment.
RIGHT ON, right on! I like you guys, your both very smart.
QSS
#17
Posted 29 December 2009 - 03:06 AM
QuickSilverShelby, on 28 December 2009 - 11:57 PM, said:
QSS
I bought one that was not a museum piece. 26,000 miles. Straight from the dealer that bought it at auction. Great price. I drive it every day in Chicago - snow, salt, rain and sun. I have snow tires on it. I figure it is more fun to drive than look at in the garage. Besides I already have a 66 mustang convertible, 68 GT/CS California Special and 36 Ford traditional hot rod that just sit in the garage over the winter. The Shelby is my daily driver to work in Chicago traffic - I love it. Getting one with extra miles on it brought the price down and I dont feel guilty driving it a bit. I love it! Casey
#18
Posted 29 December 2009 - 08:42 PM
#19
Posted 31 December 2009 - 09:42 AM
case12, on 29 December 2009 - 03:06 AM, said:
What brand of tire did you get?
Thanks for the info Don
#20
Posted 31 December 2009 - 05:04 PM
case12, on 29 December 2009 - 06:06 AM, said:
Can you come on out to Grayslake area I could RELALY use a driving fix!
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