can 07-09 gt500's value fall below shelby gt's?

[sherpa]

so disgusting seeing how much people are selling or buying 07-09 gt500 these days. freakin $33k for a 9000 mile garage queen!

 

how low can it go?

 

i've seen low mile sgt's still commanding high twenties, some low thirties.

 

i love my car but just hurts. btw did anyone know any litigation against ford for misleading information about the 2 year suppose run?

[ilmor]

I don't think they'll go below the SGT price, but I can see them getting to w/in a couple thou. Seems to never fail that the nice cars w/ low production runs are going to hold their value better. Simple supply and demand.

[jskwarek]

Paid $32K for my '08 a few months ago at a hole in the wall "we-be-auto-shop". Place was so shady looking that I almost went home without looking at the car thinking the only way they had a low mileage GT500 was that it was either a flood car or a chopped car. With the economy being so bad both dealers and private sector sales are doing what they can just to move the product.

[awakeinAZ]

NO!

[Secondo]

What is the point of this topic?

 

Supply, demand, economy, no more SGT's being built, higher-priced GT350's, new aluminum-block GT500's hype, what's the problem? What do you expect?

 

They only depreciated by about 25% for a 5 year old car which is not bad at all!

[mach 1 1970]

What is the point of this topic?

 

Supply, demand, economy, no more SGT's being built, higher-priced GT350's, new aluminum-block GT500's hype, what's the problem? What do you expect?

 

They only depreciated by about 25% for a 5 year old car which is not bad at all!

 

You forgot to mention the 412hp Mustang Gt . This car will really cause the SGT's and some GT500's to drop. If Ford brings out a Boss 302 who knows.

[SGT0767]

Probably depends upon who you ask. I recently had all of the Shelby's appraised so I could change my insurance over to Agreed Value. I was pretty amazed when the appraisal for the GT came in higher than for the GT500 which is 2 years newer. I certainly could not sell either of them for the appraisal price but it was interesting none the less.

 

Mike

[Secondo]

Probably depends upon who you ask. I recently had all of the Shelby's appraised so I could change my insurance over to Agreed Value. I was pretty amazed when the appraisal for the GT came in higher than for the GT500 which is 2 years newer. I certainly could not sell either of them for the appraisal price but it was interesting none the less.

 

Mike

 

Not sure I believe that one unless your SGT is an SGT/SC or something more rare.

 

 

You forgot to mention the 412hp Mustang Gt . This car will really cause the SGT's and some GT500's to drop. If Ford brings out a Boss 302 who knows.

 

+1 yes that point as well! The new 5.0 is a big hit out there.

 

This is a good time to buy new and used Mustangs, a good time for all Mustang fans.

[SGT0767]

Nope, both are pretty much stock from the factory other than the sequential tail lights. I have to trust that the appraisal company knows what they are doing even though, as I mentioned, I was pretty surprised by the reports once we got them back.

 

I'm not sure if others have had recent appraisal but it might be interesting to see what other companies have provided for appraisals.

 

Mike

[Carnut12]

Given the limited supply and the fact the New GT500 is better in almost every way it is pretty easy to understand. I do not think the Shelby GT will be worth more short term, but long term I do especially those of us that have Shelby Certified Shelby GT/SC conversions. For those that paid those crazy prices for the GT500 I feel bad, I got X-Plan plus 0% financing, no need to pay this one off early.

 

I love the new GT500 SVT in Kona with the Red Stripes, but not enough to get rid of my Shelby GT/SC.

 

With that said, I did not buy for an investment.

[Secondo]

I guess it depends on who you talk to- according to NADA, retail value for 9000 mile 2007 GT500 is +$37K. The car was 44K new. Not much depreciation there for a car so I'm not sure why the OP was so disgusted.

 

NADA did not have a SGT value and I was unable to quickly find one from other sources. I'm guessing that the values are probably relative to their original retail prices. SGT0767's appraiser may have his SGT on the high side due to the fact that there may have been no other info. on the web.

 

Again, I don't see the point of this topic. The 2006-up Shelbys we are talking about here are all great cars. Different but all great just the same.

 

OP you want to be disgusted? Go buy a GM product and in 1-1/2 years it will depreciate in half!

[springer]

Interesting thread. Some of the SGT's retail prices, when new, were very close to the retail prices of the GT 500's for the same year.

 

My 2008 SGT convertible retailed for $47,000 (without navigation or the shaker 1000). I believe a 2008 GT 500 convertible outfitted like mine retailed for around $49,000.

 

Current retail prices for a 4000 mile, 2008 SGT convertible is around $32,000. A 2008 GT 500 convertible with 4000 miles should bring close to $38,000. Give or take a few thousand dollars either way, the 2008 GT 500 convertible is valued $5,000 to $6,000 more. This is based on what I have seen these cars sell for the past year, although the 2008 SGT convertible prices are few and far between, since only a few hundred were made. Based on the currently trends, I'd say the GT 500's are holding their own fairly well.

 

What I have noticed though, is that the sports cars that retail in the mid-fifties on up, seem to have greater depreciation than comparable cars selling for thousands less. The Shelby GT 500's are beginning to cross-over to this higher threshold and greater first year depreciation might be likely for these cars as well.

[sherpa]

I guess it depends on who you talk to- according to NADA, retail value for 9000 mile 2007 GT500 is +$37K. The car was 44K new. Not much depreciation there for a car so I'm not sure why the OP was so disgusted.

 

NADA did not have a SGT value and I was unable to quickly find one from other sources. I'm guessing that the values are probably relative to their original retail prices. SGT0767's appraiser may have his SGT on the high side due to the fact that there may have been no other info. on the web.

 

Again, I don't see the point of this topic. The 2006-up Shelbys we are talking about here are all great cars. Different but all great just the same.

 

OP you want to be disgusted? Go buy a GM product and in 1-1/2 years it will depreciate in half!

 

 

what is your problem? if you don't see the point of this topic DON'T REPLY THEN! when you post you always want to be the only one with the right answer, other have opinion too! whatever bro.

 

at the rate the market is going, 07 500's might go below sgt's. people pay big adms when 07's came out cause of the suppose limited run and now its going lower and lower everyday. i know it all depend the market will bear but its just sad and disgusted thats all. THATs MY POINT OF THIS TOPIC.

[SGT/SC#0471]

I think that in 30 years they will be worth about the same with the SC'd from SAI SGT's being worth more...if the history of the 60's cars repeats itself...

 

If I did not have my SGT I would have that new GT350, its getting more and more cooler by the day...

 

Not to say that the 500 does not make me drool....hell I love them all!

[mach 1 1970]

. The 5.0 will really hurt the SGT cause it just does not have the power.

[mach 1 1970]

But the SGT is a pre -title Shelby !! That should mean something down the road .

[DDT]

As long as the GT500 is purchased to keep without being forced to sell this all matters

very little............Any appraiser that knows the mechanics of the Stock GT500 vs the Stock SGT

would know the extra value of the GT500 which was born in Flat Rock Michigan as a "SHELBY".......... :happy feet:

[shel-b001]

With all this said about these cars letsfnot forget to ENJOY them.

[kahmann]

In the long run, I don't expect an 07-11 GT500 to hold it's value any better than any other SVT product. Perhaps the Shelby badging will kick it up a notch, who knows?

But if any Cobra owners plan to compare their cars to the SGT over the long haul, they'd better be in for some serious disappointment. The SGT was converted in Vegas. It's a pre-title car with a CSM#. Regardless of performance #'s, the SGT is infinitely more collectible than the GT500 - hands down.

[Secondo]

In the long run, I don't expect an 07-11 GT500 to hold it's value any better than any other SVT product. Perhaps the Shelby badging will kick it up a notch, who knows?

But if any Cobra owners plan to compare their cars to the SGT over the long haul, they'd better be in for some serious disappointment. The SGT was converted in Vegas. It's a pre-title car with a CSM#. Regardless of performance #'s, the SGT is infinitely more collectible than the GT500 - hands down.

 

Terminator Cobra values are still high and deservedly so. GT500's will be as well. 37K for a 4-5year old car that was 44K new held its value pretty well imo so I'm not sure why the OP is so sad. A quick search online reveals some SGTs for sale for 22K. I've also heard of some higher mileage GT500's that sold for 28K. I'm also not believing that the SGT is "infinitely" more collectible than a GT500. I'd love to have either one and any '65-'70 Shelby Mustang no matter where they were built. Also as DDT pointed out- the GT500's were built specifically to be Shelbys which makes them very collectible imo. So they are collectible in their unique way- just as SGT's are special in their own way. Hands down.

[LuckySnake]

Probably depends upon who you ask. I recently had all of the Shelby's appraised so I could change my insurance over to Agreed Value. I was pretty amazed when the appraisal for the GT came in higher than for the GT500 which is 2 years newer. I certainly could not sell either of them for the appraisal price but it was interesting none the less.

 

Mike

 

The biggest reason for the low production numbers on the Shelby GT is the GT500, it's the big dog with the big engine. Nice to see Ford putting a better engine in the new GT Mustang. Almost forgot, I would consider a different appraisal because that one is bogus.

[kahmann]

Terminator Cobra values are still high and deservedly so. GT500's will be as well. 37K for a 4-5year old car that was 44K new held its value pretty well imo so I'm not sure why the OP is so sad. A quick search online reveals some SGTs for sale for 22K. I've also heard of some higher mileage GT500's that sold for 28K. I'm also not believing that the SGT is "infinitely" more collectible than a GT500. I'd love to have either one and any '65-'70 Shelby Mustang no matter where they were built. Also as DDT pointed out- the GT500's were built specifically to be Shelbys which makes them very collectible imo. So they are collectible in their unique way- just as SGT's are special in their own way. Hands down.

 

The GT500 is a mass produced car, regardless of whatever limited status Ford's marketing team tried assigning to it. I'm not interested in short term resale on any of these cars. My post was directed towards the long term future. The GT500's of today will never compare to the resale of the GT500's of yesteryear IMO. If any of the new-gen Shelbys are worth anything in the future, it will be the Shelbys that were produced at Shelby with CSM's in actual limited runs (GT-H, SGT, 40th's, SS, Terlingua, KR, etc). Obviously, either argument is a matter of opinion. Perhaps in a couple of decades we can all revisit the topic?

 

As for short term values, I agree. The GT500 has held it's own pretty well, but only if you compare it to any other mass produced car and not as a collectible. I think that's why these kinds of topics show up so often, because so many Cobra owners assumed that they were purchasing a collectible, not just another SVT Cobra with a Shelby badge on the rear.

 

 

[LuckySnake]

The GT500 is a mass produced car, regardless of whatever limited status Ford's marketing team tried assigning to it. I'm not interested in short term resale on any of these cars. My post was directed towards the long term future. The GT500's of today will never compare to the resale of the GT500's of yesteryear IMO. If any of the new-gen Shelbys are worth anything in the future, it will be the Shelbys that were produced at Shelby with CSM's in actual limited runs (GT-H, SGT, 40th's, SS, Terlingua, KR, etc). Obviously, either argument is a matter of opinion. Perhaps in a couple of decades we can all revisit the topic?

 

As for short term values, I agree. The GT500 has held it's own pretty well, but only if you compare it to any other mass produced car and not as a collectible. I think that's why these kinds of topics show up so often, because so many Cobra owners assumed that they were purchasing a collectible, not just another SVT Cobra with a Shelby badge on the rear.

 

It doesn't matter that there were several thousand more 07-08 GT500's than than GT's simply because they are more desired, that's why they made more of them. The CSM number means no more to me than the Shelby VIN the GT500 has and GT doesn't have. We could go back and forth, but what is the point? Should I start posting in the GT forum about it's short comings? I don't think so. I don't know a single person that has sold a GT500 to buy a Shelby Mustang GT, I know many that sold thier Shelby GT to buy a GT500, hmmm, what's that tell ya.

[SVT NAJA]

The GT500 is a mass produced car, regardless of whatever limited status Ford's marketing team tried assigning to it. I'm not interested in short term resale on any of these cars. My post was directed towards the long term future. The GT500's of today will never compare to the resale of the GT500's of yesteryear IMO. If any of the new-gen Shelbys are worth anything in the future, it will be the Shelbys that were produced at Shelby with CSM's in actual limited runs (GT-H, SGT, 40th's, SS, Terlingua, KR, etc). Obviously, either argument is a matter of opinion. Perhaps in a couple of decades we can all revisit the topic?

 

As for short term values, I agree. The GT500 has held it's own pretty well, but only if you compare it to any other mass produced car and not as a collectible. I think that's why these kinds of topics show up so often, because so many Cobra owners assumed that they were purchasing a collectible, not just another SVT Cobra with a Shelby badge on the rear.

 

 

Ken,

 

Great points. At a minimum, any vehicle which underwent/goes badged treatment at SAI Vegas will have an intrinsic value that exceeds an AAI assembly line peer. What that will equate to in future dollars (if any), only time will tell.

 

However (all things being equal), had everyone here invested their purchase price, monthly loan payments, insurance, maintenance expense, etc. (beyond the cost of your basic transportation needs) on an S&P 500 mutual fund and left it untouched for the next 2 decades, well, your fund would be worth... A LOT MORE MONEY than most any of these Shelby's are going to be worth 20 years from now.

 

Generally speaking, cars are NOT a good short or long term investment. Hopefully, owners here bought them to drive and enjoy.

[sherpa]

if the value of a 07 9k mi garage queen 500 is at $37k, how come they can't command it and has to resort to $33k?

 

lots of folks here bought their 07's when it first came out, paid loads of money especially thinking its a limited run and etc. but say some paid $65k new to now $33k in 3.5 years, thats $32k down the drain!! thats sad! some of you don't feel it cause you waited and bought it at a great price but still, i would worry about the current freefall trend.

 

just my opinion, at both the same mileage, 07-09 500's value are freefalling, way faster then sgt's.

[kb67]

if the value of a 07 9k mi garage queen 500 is at $37k, how come they can't command it and has to resort to $33k?

 

lots of folks here bought their 07's when it first came out, paid loads of money especially thinking its a limited run and etc. but say some paid $65k new to now $33k in 3.5 years, thats $32k down the drain!! thats sad! some of you don't feel it cause you waited and bought it at a great price but still, i would worry about the current freefall trend.

 

just my opinion, at both the same mileage, 07-09 500's value are freefalling, way faster then sgt's.

 

 

 

You're right its your opinion that is the problem everyone's will be different about how much a GT500 or SGT are worth. Wait till GT350s are the going thing it will all go round again about what they are worth. It will never be enough for some folks no matter what they get. If someone paid over to get one in 07 they made the call to do that. Some did it and told others they should too we now are seeing that bit of wisdom work itself out. Just like doing mods you're doing them for your tastes not a potential buyers. If this subject is brought up 20 years from now its a interesting conversation now its to early to tell what will be worth more in the long run. I drive mine and I take the best care of it I can I bought it for me. If I sell it it will be because I want to not because I have too.

 

like you said just my opinion

[SGT0767]

The biggest reason for the low production numbers on the Shelby GT is the GT500, it's the big dog with the big engine. Nice to see Ford putting a better engine in the new GT Mustang. Almost forgot, I would consider a different appraisal because that one is bogus.

 

 

As stated in the original post, the appraisals were done to get Agreed Value coverage for the cars. The fact that this particular appraiser placed a higher value on the GT over the GT500 does not matter to me since I was able to cover each of the vehicles at the level that I wanted. Other than the restrictions on miles driven and locked storage, the cost for the coverage is half what it was for my regular policy and I will get paid a lot more if anything ever happened, God forbid, to any of them.

 

While paying for a "second opinion" would probably yield different results, it would really be a waste of money just to prove that the GT500 is really worth more than the GT. To tell you the truth, our preference for driving the cars is the KR first as it is truly an awesome car to drive, the GT second because, even though it doesn't have the power of the other two, is still a great handling car, and the GT500 last because is does not handle nor sound as good. With a few mods, that would easily change. Even stating our preferences is misleading to some extent as we really enjoy each of them and their distinct personalities.

[LuckySnake]

if the value of a 07 9k mi garage queen 500 is at $37k, how come they can't command it and has to resort to $33k?

 

lots of folks here bought their 07's when it first came out, paid loads of money especially thinking its a limited run and etc. but say some paid $65k new to now $33k in 3.5 years, thats $32k down the drain!! thats sad! some of you don't feel it cause you waited and bought it at a great price but still, i would worry about the current freefall trend.

 

just my opinion, at both the same mileage, 07-09 500's value are freefalling, way faster then sgt's.

 

 

I'll refer to an earlier statement I made "I don't know a single person that has sold a GT500 to buy a Shelby Mustang GT, I know many that sold thier Shelby GT to buy a GT500, hmmm, what's that tell ya."

[LuckySnake]

Another thing to keep in mind is that many people that bought new GT500's should not have, couldn't afford the car and "hawked" thier homes or commited to an expensive car payment, many of these people are feeling tougher times and forced to sell low because of "supply and demand", same as home sales. GT500's selling low are good for only one group of people only and that would be buyers.

Anyone that is fooled into thinking the 2011 will be limited is smoking from the same BS pipe that Ford handed to the 07-08 buyers, that pipe had some stuff in it. The 2010 GT500 is low in numbers but the car has extra junk in the trunk and doesn't have electric steering or an aluminum alloy block. Ford misleading buyers about the quantity of GT500's they would make sucks, but I'm over it. Biggest difference now is tougher times and most of the people buying expensive cars can afford them.

[Secondo]

In 2006 when Ford started building the GT500, did they specifically report how many will be built or did they only say it was going to be "limited" production? +-7500 GT500's a year vs. the +-160,000 Mustangs sold every year these days sounds pretty limited to me imo. The SGTs are even more limited so that will keep their values high as well.

 

In any case- I agree, we will have to wait many years to see what the values will be but I really don't care. I bought my car to enjoy and possibly hand down to my kids for them to enjoy as well. I've wanted a Shelby since I was a kid myself.