How are people doing with getting good deals on GT500s these days?

[skiph]

Just wondering how people are doing with getting a good deal on their GT500s these days.

 

When I bought mine about 13 months ago (before the economy TANKED) I was pretty proud to have gotten it for sticker price. It did take a couple of phone calls from the sales guy after I walked out with that as my limit on what I would pay, and good luck that the dealer that had it in stock was going to sell it to another dealer for sticker (and thus, my sales guy would get zip on it).

 

But now I'm thinking if I had waited 9 months I could have gotten a better deal AND it would have been with the new clutch in it.

 

So, how is everybody doing with the price?

 

Oh, they still are just selling 2009's correct?

[DDT]

How Ironic that these "LIMMITED COLLECTOR CARS" with all the best parts installed on the

Flat Rock Assembly Line are selling for the "CHEAPEST" new "PRICES"?????????????????????

[Sleestack]

Just wondering how people are doing with getting a good deal on their GT500s these days.

 

When I bought mine about 13 months ago (before the economy TANKED) I was pretty proud to have gotten it for sticker price. It did take a couple of phone calls from the sales guy after I walked out with that as my limit on what I would pay, and good luck that the dealer that had it in stock was going to sell it to another dealer for sticker (and thus, my sales guy would get zip on it).

 

But now I'm thinking if I had waited 9 months I could have gotten a better deal AND it would have been with the new clutch in it.

 

So, how is everybody doing with the price?

 

Oh, they still are just selling 2009's correct?

 

Just picked up a 2009 vapor\black GT500 for exactly $5k off of sticker. Made a few phone calls and inquiries in a 500 mile radius. Still some '08s and even '07s on the lots, but just a few. Mine was built in Nov 08, so I hope it has the clutch resolved.

[Canadian Bear]

I am in Ontario, Canada and the sticker on my car was $57,998 Cad. Ford was offering $6500 off upfront and since my wife gets X-plan we got another $5600. Though earlier in the year Ford was not allowing X-plan discounts or the $6500 off. Mind you if I had been able to make a move earlier in Feb. rather than Mar. I would have gotten another $3000 from the dealer themselves. Also I was speaking to my dealer today and they said there is no X-plan discounts on the 2010's right now either. So I guess we did pretty well. Though I had to give up the Shaker 1000 to get Black with Tungsten stripes.

[07SS697]

I went with a friend of mine to pick up a new 08 vert loaded he got it out the door for $44,000.

Some one around me is selling a 07 gt500 vista blue with 7000mi for 30500 or offer.

[s code mach]

I was offered a new '09 at a dealer down in California for under invoice at $ 39,800. I almost went for it but I decided a like new '07 with 4000 miles for $32,000 with the premium extended warranty was a better deal since I don't care if I have a new one anyway.

 

I bet you'll see nice '07 and '08 models under 30k before too long.

[Whammer]

In the end this is just a car- and as they age and get miles on them they drop in value. As new and improved models come out- the older ones drop in value.

The 2010's (let's keep looks out of this) offer far more than what the 07's-09's offered and the 2010's are selling for the same price as the 07-09's sold for.

That's the car business.

[Seahorse]

I am in Ontario, Canada and the sticker on my car was $57,998 Cad. Ford was offering $6500 off upfront and since my wife gets X-plan we got another $5600. Though earlier in the year Ford was not allowing X-plan discounts or the $6500 off. Mind you if I had been able to make a move earlier in Feb. rather than Mar. I would have gotten another $3000 from the dealer themselves..

 

I got just about 15k (Can$) off my new 09 'vert in Feb. Dealer had 9 in stock then and now has just 2 left.

[DDT]

In the end this is just a car- and as they age and get miles on them they drop in value. As new and improved models come out- the older ones drop in value.

The 2010's (let's keep looks out of this) offer far more than what the 07's-09's offered and the 2010's are selling for the same price as the 07-09's sold for.

That's the car business.

 

 

The only way to "keep looks out of this" is to BLINDFOLD your customers

[Canadian Bear]

In the end this is just a car- and as they age and get miles on them they drop in value. As new and improved models come out- the older ones drop in value.

The 2010's (let's keep looks out of this) offer far more than what the 07's-09's offered and the 2010's are selling for the same price as the 07-09's sold for.

That's the car business.

 

 

Well plus the dealers are preying on the fact that the cars have Shelby on it and since Barret Jackson some people have the belief that our cars will appreciate the same. But for one ford and Shelby are running the production longer. Two as you said the 2010 is a better car from a luxury and handling standpoint. Though from what I understand the engine performance is about the same due to the taller gears in the rear and from taller gears in the tranny. But like everyone do we really care? HELL NO! to me my Shelby is awesome and I would not trade it up for a 2010 and like Whammer said looks aside. But if I had the extra cash again I would surely buy a 2010 in a heart beat. Just my .02

[Sleestack]

In the "end" this is just a car-

 

No pun intended......

[skyhighsd]

A guy on another site that is local to me, just picked up a brand new 09 coupe for 4k under invoice a few days ago.

[Boombatz]

Found a new service on the web TRUE CAR, (find out what others Really paid)

TrueCar

 

Paid Sticker for my 2008, in Oct 2007 and thought I got a good deal. According to TrueCar, this is the breakdown today, looks like the average is about $5K off sticker.

 

(National Stat's)

Sticker = $47,330

Factory Invoice = $42,868

Average Retail = $42,356

Dealer Cost = $38,448

 

TrueCar on 08 GT500 Coupe w/o Nav or Car Cover

[Nodrama43]

I bought my 09 for invoice minus holdback in september of 08. just "barely" got the new clutch assembly... : )

 

need to drive it some though. I just turned 700 miles last week........

[theshadow1234]

Im working on a deal this week to get an 09 for 39.9K out the door. I heard about this problem with the flywheel but im not sure if the warranty will cover it. The car is used and has about 1100 miles on it and I didn't notice any problems when i test drove it. Seems new to me but I will still like to know if the problem can be fixed with the warranty.

 

Is it possible that this issue can be fixed with the warranty?

 

Thanks

[Teitenair]

.

[ShelbyDude]

Found a new service on the web TRUE CAR, (find out what others Really paid)

TrueCar

 

Paid Sticker for my 2008, in Oct 2007 and thought I got a good deal. According to TrueCar, this is the breakdown today, looks like the average is about $5K off sticker.

 

(National Stat's)

Sticker = $47,330

Factory Invoice = $42,868

Average Retail = $42,356

Dealer Cost = $38,448

 

TrueCar on 08 GT500 Coupe w/o Nav or Car Cover

 

 

 

That site is way off on its numbers. Invoice on $47,330 GT500 is $43,294.56 (this IS the dealer's cost. Don't know where they are dreaming up the $38,448 number from. There is $1,358 holdback which would bring net cost to $41,936.56. This is NET NET NET COST!

 

This does not include the $1,500 enrollment fee the dealer paid just to get these cars to sell. So depending on how the dealer got for 08 you have to divide that $1,500 between the number of GT500's you got. We got one! So on this same car our NET cost on that would have been $43,436.56

 

That does not include any of the 9.25% interest the dealer pays the dealer invoice amount. 9.25% on invoice of $43,294.56 is $4.004.75 per year divided by 12 months = $333.73

 

The interest is what eats up all the holdback money which only takes 4 months and that is used up.

 

But from the NET cost of $43,436.56 which includes holdback, you have to add $333.73 per month for each month the car sits on the lot.

 

That does not include any other cost involved. Insurance, commission, clean up, labor expenses amoung employees, etc.

 

As you can see dealer cost does not even come close to that $38,448 figure. New cars do not have $9,000 mark up in them. Maybe the factory has that much in their cost, but not even close for a dealer.

 

Any 08's still out there the dealers have over $4,000 in interest added to their cost. 07's still sitting will have $7k - $8k added in interest expense. The longer they sit on the lot the more cost it adds to the dealer.

[5.4 Shelby]

Any 08's still out there the dealers have over $4,000 in interest added to their cost. 07's still sitting will have $7k - $8k added in interest expense. The longer they sit on the lot the more cost it adds to the dealer.

Appreciate your insight into the cost of a car. It is helpful to all of us as we buy any car, GT500 or not. It is unrealistic to expect dealerships to give cars away. They need to make a little to stay in business. Anywhere between invoice and sticker on this car is a great deal on a great car. If someone is genuinely interested in owning one of these, I wouldn't let that extra $1000 that they are holding out for stop them from getting a fantastic automobile.

 

As far as interest on the leftover 07 and 08 GT500s, however, that is their own fault. I assure you that each and every one of those cars has had multiple offers of full sticker price or even better at one time or another. But, during the ADM craze, the dealer was holding out for the big pop. Well, they held out too long. Now they deserve to get stuck with the interest they chose to pay rather than selling someone their dream car for a fair price. I know I was turned down numerous times before I found my deal. I don't know if any of those guys still have cars or not, but, I kinda hope they do.

[cobrafan]

As far as interest on the leftover 07 and 08 GT500s, however, that is their own fault. I assure you that each and every one of those cars has had multiple offers of full sticker price or even better at one time or another. But, during the ADM craze, the dealer was holding out for the big pop. Well, they held out too long. Now they deserve to get stuck with the interest they chose to pay rather than selling someone their dream car for a fair price. I know I was turned down numerous times before I found my deal. I don't know if any of those guys still have cars or not, but, I kinda hope they do.

 

Why do these guys deserve to get stuck? There was a market to sell their product for a certain price point and they took advantage of that. Now we still hope that they are stuck with 07 and 08 models? Why don't we just hope that every dealer that charged an ADM gets to close it's doors in bankruptcy, those dirty profit seeking $astards. That will teach them. With this attitude, it's no wonder that the car business is in trouble. SD just told us that most of these cars are now selling for a loss. How long do you want to have a local ford dealer?

 

We used to be a capitalist country. Oh, well, I guess there is a bright side to socialism. We will all get to pay the same price to the state for our new Shelby's. They don't need to make any money because they are the government. A small problem may be the 500 mile drive to get the warranty work done. geese

[5.4 Shelby]

Why do these guys deserve to get stuck? There was a market to sell their product for a certain price point and they took advantage of that. Now we still hope that they are stuck with 07 and 08 models? Why don't we just hope that every dealer that charged an ADM gets to close it's doors in bankruptcy, those dirty profit seeking $astards. That will teach them. With this attitude, it's no wonder that the car business is in trouble. SD just told us that most of these cars are now selling for a loss. How long do you want to have a local ford dealer?

 

We used to be a capitalist country. Oh, well, I guess there is a bright side to socialism. We will all get to pay the same price to the state for our new Shelby's. They don't need to make any money because they are the government. A small problem may be the 500 mile drive to get the warranty work done. geese

I figured this was the response I would get. This is my opinion and no one else has to agree with it.

 

They deserve it because they chose not to sell the car at reasonable prices and now they are paying interest on it. They could have made money back then instead of losing it now. Maybe that is why the auto industry is in trouble. The instant gratification is favored over the long term customer relationshipo. I never said they needed to go out of business because of it. Just that they chose to hold on to it when they could have sold it and now it is costing them money instead of making a fair markup. Did you not read my first paragraph? I agree that they need to make money. I think invoice on this car is too little. This car should bring a fair profit.

 

Obviously the market wasn't that strong or they would have gotten what they wanted. Instead, they wanted more than the market was willing to give them. The "supply and demand" argument falls short on "demand" when the cars are still sitting there.

 

We would be a lot more likely to have a local Ford dealer if they sold the cars to the local people at reasonable profits instead of selling to someone out of state for big profits. They get one big pop at the cost of a lifetime customer who would have bought more cars, service and referals. I bought 3 new Fords from my local dealer before they refused to take my offer of sticker plus paying the full $1500 for being able to sell the SVTs in the first place. They were slated for 2 GT500s the first year. Now I go out of town for all the service, parts and future Ford sales. If they treat all their customers like that, they won't be in business.

 

Thanks for sharing your opinion of my opinion.

[jdscooby]

Saw in the local paper last night a KR with 79 miles. Ad said offers starting at 69,000. Was not a Ford dealer.

[ShelbyDude]

I figured this was the response I would get. This is my opinion and no one else has to agree with it.

 

They deserve it because they chose not to sell the car at reasonable prices and now they are paying interest on it. They could have made money back then instead of losing it now. Maybe that is why the auto industry is in trouble. The instant gratification is favored over the long term customer relationshipo. I never said they needed to go out of business because of it. Just that they chose to hold on to it when they could have sold it and now it is costing them money instead of making a fair markup. Did you not read my first paragraph? I agree that they need to make money. I think invoice on this car is too little. This car should bring a fair profit.

 

Obviously the market wasn't that strong or they would have gotten what they wanted. Instead, they wanted more than the market was willing to give them. The "supply and demand" argument falls short on "demand" when the cars are still sitting there.

 

We would be a lot more likely to have a local Ford dealer if they sold the cars to the local people at reasonable profits instead of selling to someone out of state for big profits. They get one big pop at the cost of a lifetime customer who would have bought more cars, service and referals. I bought 3 new Fords from my local dealer before they refused to take my offer of sticker plus paying the full $1500 for being able to sell the SVTs in the first place. They were slated for 2 GT500s the first year. Now I go out of town for all the service, parts and future Ford sales. If they treat all their customers like that, they won't be in business.

 

Thanks for sharing your opinion of my opinion.

 

 

There in lies most of the problem. What consumers perceive to be a "reasonable" profit. What does the average business outside the auto industry make on average as a profit? Most business make a minimum of 10% or more. There isn't even 10% mark-up on a new car! The State makes more in sales tax than the dealer does! Now what is wrong with that picture?

 

As for dealers marking them up, why would a dealer lose $25,000 additional profit just to please someone? How many future cars, parts, and service would a single customer have to bring to the dealer to make up for that $25,000 profit? You will never buy that many cars in your lifetime, muchless all from that one dealer as a loyal customer.

 

If you were comparing this to some dealer that was marking up EVERY vehicle then you would have a valid point. Instead you compare it to one limited production vehicle where at the time demand far exceeded the supply.

 

Don't worry though, it won't be to much longer dealers won't have to mark up cars like this just to try and recoup some of their losses from having to give all the other cars away at a loss. With all the down sizing and factories cutting back on production, dealers will be able to sell every car for MSRP and make closer to a FAIR profit.

 

The idea of not being able to make a measly 10% mark-up on a $20k - $60k item is insane! Note, that is just mark-up, not profit. All the costs have to be paid out of that mark-up. Most businesses I know of make at least 10% PROFIT! That is after all costs and taxes are paid. The auto industry doesn't even have 10% mark-up to pay their bills with, muchless making 10% as profit.

 

As for all those 08's and 09's sitting out there, dealers for the most part were not marking those up because the market had already dried up on these. I was offering a new 08 back in 07 ordered to your specs and that sat around for several months before anyone jumped on that. That was for MSRP in late 07!

 

Any dealers that were or are trying to still get premiums on these, well they do deserve to get stuck with them. But that isn't the case with most of these sitting out there. The economy is the primary reason these are sitting around and the reason why you can get the deals on them you can get right now. No one is buying regardless of deals because people are not sure if they will have a job in a month from now. And people with money are sitting on it. Very few people are spending money on big ticket items. That is why these are sitting. Anyone in the market willing to buy can get the best deals ever on these. Ford is even allowing X-Plan on these now, offering dealers a marketing allowance of $3000 on 08 and $1500 on 09. That there alone shows just how bad the economy is when the manufacturer is offering anything on these!

 

I think this is part of the reason the 2010 has not been out yet. To many 08 and 09 models still sitting around. Thank the economy for this. Take advantage of it while you can if you are someone in the market and can afford one.

[LuisA]

Called dealer yesterday on a new 08 KR he has had for several months, now he wanted $70,730.00, which he claims is his cost AFTER a $3000.00 Ford is offering dealers on 08 KR's.....I offered $65,000.00......I am still KR-less.

[DubbsFaris]

The idea of not being able to make a measly 10% mark-up on a $20k - $60k item is insane! Note, that is just mark-up, not profit. All the costs have to be paid out of that mark-up. Most businesses I know of make at least 10% PROFIT! That is after all costs and taxes are paid. The auto industry doesn't even have 10% mark-up to pay their bills with, muchless making 10% as profit.

 

Oh SD, it is SO good to have you back!

 

I feel bad for dealers...it is such a hard business to make money in...I know many owners of dealerships here in San Antonio...and out of all that I know only Red McCombs is a billionare...the rest have to slum it with the millions or tens of millions they have had to suffer making...

 

In all seriousness though...being a car salesman isnt going to make you rich...I do agree with that.

[ShelbyDude]

Called dealer yesterday on a new 08 KR he has had for several months, now he wanted $70,730.00, which he claims is his cost AFTER a $3000.00 Ford is offering dealers on 08 KR's.....I offered $65,000.00......I am still KR-less.

 

 

I can get you a KR for $65k. But only if you are willing to take $20k on your used GT500

[ShelbyDude]

Oh SD, it is SO good to have you back!

 

I feel bad for dealers...it is such a hard business to make money in...I know many owners of dealerships here in San Antonio...and out of all that I know only Red McCombs is a billionare...the rest have to slum it with the millions or tens of millions they have had to suffer making...

 

In all seriousness though...being a car salesman isnt going to make you rich...I do agree with that.

 

 

Yep! They are all only making measly millions instead of billions like your friend. That is why over 1500 dealers went out of business within the last 12 months. Making those millions was just bankrupting them all!

[bullittmansparts]

Hey the DUDE is back Long live the SD !

[sherpa]

shelby dude, very nice comments on the breakdown on the invoice.

 

i used to buy papers so i know what u are talking about.

 

lots of consumer doesn't realize that FLOORING can added up sooo quickly if the car don't move.

[LuisA]

I can get you a KR for $65k. But only if you are willing to take $20k on your used GT500

 

 

SD, for $20k I'll keep my vert. This is the SAME delaer I offered $78K a while back and wouldn't take a penny less than MSRP........now he is at $70.7K and I am at $65k.

 

I'll continue to wait and take my chances........BTW, there are 2 2008 and 2 2009 brand new KR's at dealers within 10 minutes of my house. So they are NOT selling! Sooner or latter they will ..... at a profit or at a loss, but they will.

 

BTW, good to have you back.

[5.4 Shelby]

As for dealers marking them up, why would a dealer lose $25,000 additional profit just to please someone? How many future cars, parts, and service would a single customer have to bring to the dealer to make up for that $25,000 profit? You will never buy that many cars in your lifetime, muchless all from that one dealer as a loyal customer.

 

I bought 3 from them prior to the GT500. It would have been 4. I now have over 100k on my pickup and near 100k on my wifes van. I have 3 kids 14, 13 and 9. All of them will get (likely used) cars. That will be 5 more for a total of 9. Service and extras could easily add up to 25 grand. And that is just in the next 7 years. I love cars and will buy them as long as I can still drive.

 

If selling at invoice is such a loss, how do they stay in business?

 

 

Any dealers that were or are trying to still get premiums on these, well they do deserve to get stuck with them.

 

Those are the ones I am talking about. This same dealer (and others) still had ADMs on the cars in Feb of this year. They had 99,900 on their KR and $10k on the GT500s. I am sure they would have taken less, but, I am also sure people walked away thinking they could/would never do that.

See blue text above.

 

I am not anti-dealer by any means. I'm just saying, as SD did, that some deserved to get stuck with them and therefore pay interest on the floor plan on the GT500s they would not sell for what I think is a fair profit.