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slamarre

Value of 2014 GT500 in the upcoming months

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Good evening,

I am in the process of selling my 2007 Shelby GT I am planning my next purchase.

I would really like to buy a low mileage (less than 10,000) 2014 GT500 Convertible but I do not want to pull the trigger knowing that the value of those cars may go down with the arrival of the new 2020 GT500.

I know it is a difficult question to answer but I would like to have your opinion.

In addition, what is the best way to be aware of 2014 GT500 Convertible that could be on sale in the southeast? I am looking at CarFax.com, AutoTrader.com, etc but I am sure there are other way to look for this right?

Thank you.

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Depreciation is a sad fact of life, when it comes to cars so, the longer you wait, the lower prices will go for at least the next decade. (At the same time, finding low mile, unmolested specimens will become harder and harder.) Being a 2013 owner, I'm biased, but I think the '13 and '14 MYs will hold value better than others for several reasons. First, they're the last S197 chassis GT500s, and the S550s just don't do it for some of us. Second, they will no longer be the most powerful Mustangs ever created, but their title as the fastest is in no danger. Third, the new one offers no option for those of us who demand a manual transmission.  Finally, '13 was the last year Carroll Shelby had anything to do with providing vision for the car. 

I've had good luck locating vehicles with AutoTrader and Cars.com. 

Make sure you know what to look for, and more importantly, what to avoid in these cars.  Good luck!

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Agree with what Norton stated above, but will add:

The 2020 @ this point only comes with the DCT, a turnoff for some potential buyers, this I feel will help the 13/14 MY's hold their value.

If I were looking for a car, I would stick to websites like TS, SVTP, & Fordgt500.com, cars posted on these sites will be closer to what you're looking for..

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Cargurus..com is good, but I agree with above, personally if I were looking for a car like that I would find a 1 owner garage queen by an enthusiast.  As far as going down in value I do not think the 2020 Mustang will drive the value down because I think the 2020 will be priced so high it will make the 13/14 seem like an incredible value at the current run rate.  I do think value will continue to go down, but not because of the 2020 coming out.  It is all about supply and demand, if enough people sell to upgrade then you could be dead on, but I do not see it happening.

 

I love the 13/14, but if I were in the market for a Muscle Car I would absolutely get a newer one with the IRS and significantly updated interior/tech.  Just my 2 cents.

 

Edited by carnut12

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The true value of the purchase is the enjoyment of the ride and knowing you have a 600+ road monster to cruise in. The difference in power and suspension from '07 to '14 is deffnitely noticable. 

When there are tens of thousands of a particular car built like the GT500, future dollar value is not going to be at a collector value.  A 2013-14 GT500 is an amazing ride,  Enjoy it for what it is, not what it could be as a financial investment.  There are many examples of other past Shelby Mustangs, Corvettes, etc. that were amazing when they came out, commanded rediculous ADM and then disappointed the early buyers when it came to later sales.  Shelbys passing has no affect.  Enzo hasn't been around for years but cars with his name still command big numbers and interest.

Get want you want it, get it..  If you want to keep the car locked in the garage for future value , a better investment is a poster of it on the wall to stare at.  Shelbys are made to be driven!😎

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3 hours ago, 66GT350PS said:

The true value of the purchase is the enjoyment of the ride and knowing you have a 600+ road monster to cruise in. The difference in power and suspension from '07 to '14 is deffnitely noticable. 

When there are tens of thousands of a particular car built like the GT500, future dollar value is not going to be at a collector value.  A 2013-14 GT500 is an amazing ride,  Enjoy it for what it is, not what it could be as a financial investment.  There are many examples of other past Shelby Mustangs, Corvettes, etc. that were amazing when they came out, commanded rediculous ADM and then disappointed the early buyers when it came to later sales.  Shelbys passing has no affect.  Enzo hasn't been around for years but cars with his name still command big numbers and interest.

Get want you want it, get it..  If you want to keep the car locked in the garage for future value , a better investment is a poster of it on the wall to stare at.  Shelbys are made to be driven!😎

Excellent reply!!    :thumbsup:Your first sentence says it all in the (true value of the purchase is the enjoyment of the ride)!!!    :banvictory:          Later!       “MONGOOSE”     :peelout: J.M.O.

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Guys, I haven't been around much lately, but I do stop in occasionally to read some posts. I had a '14 Sterling Gray GT500 for sale on this site a couple of years ago. I am now considering buying another one. The question posed here of value in my humble opinion is that prices should go down some. Not due to the 2020 GT500, but because the 5 yr/50,000 mile warranty on these cars is dropping off. I am looking at asking prices in the 45-50+ grand range on a car that has NO warranty at all, and that has kept me on the sidelines. I'm just not sure I want to roll the dice at the prices I am seeing. JMO...

Edited by stevenmk

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9 hours ago, stevenmk said:

Guys, I haven't been around much lately, but I do stop in occasionally to read some posts. I had a '14 Sterling Gray GT500 for sale on this site a couple of years ago. I am now considering buying another one. The question posed here of value in my humble opinion is that prices should go down some. Not due to the 2020 GT500, but because the 5 yr/50,000 mile warranty on these cars is dropping off. I am looking at asking prices in the 45-50+ grand range on a car that has NO warranty at all, and that has kept me on the sidelines. I'm just not sure I want to roll the dice at the prices I am seeing. JMO...

I agree with all those who predicted little impact from the 2020. Entry price is too high and, for many of us, the new one is not a suitable substitute for the S197 chassis.

The '13/'14 MYs came with 3-year/36,000-mile  bumper-to-bumper and 5-year/60,000-mile Powertrain Warranty coverages. While warranty may play into some price variances, I doubt it's a major factor. There was no precipitous drop in prices (last year for '13s or this year for '14s) but, rather a continued slow decline. There are plenty of unmolested garage queens for which I wouldn't think twice about warranty coverage. (At the "45-50+ grand range," I assume the ones you're considering fall into the unmolested garage queen category.)

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To the OP, the fact you are getting a convertible also helps insulate from the 2020+ unless Ford decides to offer a convertible Shelby.  Right now, vert lovers are stuck with 07-14 only.

Tom

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