softy Posted November 5, 2011 Report Share Posted November 5, 2011 what is a 2007 gt 500 worth with only 800miles? Link to comment Share on other sites More sharing options...
Grabber Posted November 5, 2011 Report Share Posted November 5, 2011 what is a 2007 gt 500 worth with only 800miles? If it is bone stock and perfect, I would say it is worth 33K. I say this because I recently paid 35K for a 2009 Red stripe edition (car #13 of 89). It was bone stock and owned by a 70 year old lady. It has 2,200 miles on it. Link to comment Share on other sites More sharing options...
Grabber Posted November 5, 2011 Report Share Posted November 5, 2011 Are you selling yours ? Link to comment Share on other sites More sharing options...
twicebitten Posted November 5, 2011 Report Share Posted November 5, 2011 If it is bone stock and perfect, I would say it is worth 33K. I say this because I recently paid 35K for a 2009 Red stripe edition (car #13 of 89). It was bone stock and owned by a 70 year old lady. It has 2,200 miles on it. hey did i see you in a police line up? for mugging that 70 yr. old for that car .thats a good price Link to comment Share on other sites More sharing options...
softy Posted November 5, 2011 Author Report Share Posted November 5, 2011 Are you selling yours ? maybe i never get to enjoy it i have 3 girls all less than 5yrs old. Link to comment Share on other sites More sharing options...
Grabber Posted November 5, 2011 Report Share Posted November 5, 2011 maybe i never get to enjoy it i have 3 girls all less than 5yrs old. That's a handful for sure. The market has really softened for the 2007 to 2009 GT500's because they made so many of them and they just keep making them. You may be better off just turning the car into a daily driver and driving your money out of the car. Heck the back seats are great for little ones. Why not enjoy the car with your family ? Link to comment Share on other sites More sharing options...
vapor08GT500 Posted November 5, 2011 Report Share Posted November 5, 2011 That's a handful for sure. The market has really softened for the 2007 to 2009 GT500's because they made so many of them and they just keep making them. You may be better off just turning the car into a daily driver and driving your money out of the car. Heck the back seats are great for little ones. Why not enjoy the car with your family ? + 1000. These cars are made to enjoy, get it out and enjoy it.... Alex Link to comment Share on other sites More sharing options...
mr ford Posted November 10, 2011 Report Share Posted November 10, 2011 Dumped mine and bought a new F150 truck while the Shelby still had some value left. I am getting more enjoyment out of my new truck due to the fact, I don't have to worry about it getting hit, dinged or someone mess'n with it. I'll get another toy some day. But I will not get caught up in the false hype of being "limited"ever again. Link to comment Share on other sites More sharing options...
steve-s Posted November 11, 2011 Report Share Posted November 11, 2011 Dumped mine and bought a new F150 truck while the Shelby still had some value left. I am getting more enjoyment out of my new truck due to the fact, I don't have to worry about it getting hit, dinged or someone mess'n with it. I'll get another toy some day. But I will not get caught up in the false hype of being "limited"ever again. Yep, know what you mean. I also got scammed hook, line and sinker in regard to "limited" production on my 07 GT500 which is a total garage queen. Me, I'm in my mid 60's and would like to sell mine but where I live and the economy now, not to many people have money to spend on a fun car. Link to comment Share on other sites More sharing options...
eljaybee Posted November 11, 2011 Report Share Posted November 11, 2011 I am thinking of selling my 07 convertible as well. There seems to be a lot of them out there so I will probably wait until spring. Link to comment Share on other sites More sharing options...
REVENGE Posted November 15, 2011 Report Share Posted November 15, 2011 I am thinking of selling my 07 convertible as well. There seems to be a lot of them out there so I will probably wait until spring. Well with the monster 650 traction controlled 2013 GT500 coming out there will be quite a few sellers of older model GT500s. Link to comment Share on other sites More sharing options...
Curt A Posted November 15, 2011 Report Share Posted November 15, 2011 Now that the 2013 GT 500 info is out , the 2007-2009 models just dropped 5k in value because the used car market will be flooded in the spring of2012 . Link to comment Share on other sites More sharing options...
msr1011 Posted November 21, 2011 Report Share Posted November 21, 2011 If I had to do it over again, I would have bought a Roush P51 edition or a Dan Gurney Saleen Mustang. When I check autotrader.com, I see a lot more Shelby's for sale than I see for Roush or Saleen's. A friend of mine paid close to 75k for a 07 GT500 when they came out. I paid under 35k for a 08 with less than 3k miles two years ago. Link to comment Share on other sites More sharing options...
Cali_KR Posted November 21, 2011 Report Share Posted November 21, 2011 I sold my 08 GT500 convertible in the dead of winter last year (Dec 24 to be exact) in the midst of the worst economic downturn of our generation...I got 42k for it with 20k miles on the odo...(plus the guy had to ship it all the way across the country) Sure there was competition, but no one writes an ad like I do.... As these are secondary cars, time of year does not matter in my opinion. So advert it now, and don't wait a minute longer. Link to comment Share on other sites More sharing options...
JeffJ Posted November 21, 2011 Report Share Posted November 21, 2011 If I had to do it over again, I would have bought a Roush P51 edition or a Dan Gurney Saleen Mustang. When I check autotrader.com, I see a lot more Shelby's for sale than I see for Roush or Saleen's. A friend of mine paid close to 75k for a 07 GT500 when they came out. I paid under 35k for a 08 with less than 3k miles two years ago. All performance Mustangs have taken the same hit in price. Look up Dan Gurney's for sale right now and you can find a few under 5,000 mile examples for under $35K. Those started with a higher MSRP than GT500's. The Dan Gurney's had MSRP of $58-60K. There were also only 301 examples of those built. There were only 51 P51 Roush's built, so not really fair to value that limited quantity of a car. However, if you look at most Stage 3 Roush Mustangs (the most comparable to a GT500) for sale, they have taken an even bigger hit. So really, they have all taken about the same value drop as of now. Who knows what the future will hold. They are all good cars that will retain some value, but they will continue to be hit hard for the forseeable future. They will be worth a bunch when we're dead and gone. So just drive!! Link to comment Share on other sites More sharing options...
MMcGuirk Posted November 21, 2011 Report Share Posted November 21, 2011 Now that the 2013 GT 500 info is out , the 2007-2009 models just dropped 5k in value because the used car market will be flooded in the spring of2012 . couple of thoughts.... 2013 GT500 will be more expensive that 2012s - Coupe $65-69K, 'vert - $5k more Production will be less than 2012, one for each of the 3031 US Ford dealers, 200 for Canada, another 500 or so for VIPs, Galpin and other large volume dealers There are 20-22k 07 - 09s out there. That many cars tend to make there own resale market, regardless of what new models are available. I believe the hype of the 2013 will strengthen the used GT500 market. You want one, can't afford it or get one, so you buy a nice well taken care of used GT500 - half the $ and a lot faster than the BMW or Honda they are driving currently. Time will tell...... Link to comment Share on other sites More sharing options...
speedyman Posted November 29, 2011 Report Share Posted November 29, 2011 Consider the fact that an '07 GT500 is soon to be 6 model years old and can bring around 30 grand in reasonable condition. These cars stickered in the mid 40s. That is an absolutely incredible value hold. A 50% depreciation from MSRP is generally expected in 3 years on average across the board. Link to comment Share on other sites More sharing options...
FordRocks1 Posted December 1, 2011 Report Share Posted December 1, 2011 The whole clutch thing scares many potential buyer for 07-09 GT500's, not me, once my SGT is paid off I will be looking for another Shelby...with a supercharger though, lol. Just met a guy last week that purchased this GT500 for 30K..... http://miami.craigslist.org/pbc/ctd/2709123934.html Link to comment Share on other sites More sharing options...
rpmcobra Posted December 1, 2011 Report Share Posted December 1, 2011 Saw this at the Ford store yesterday. 2007 with 14K on the clock. It was a trade in. Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted December 1, 2011 Report Share Posted December 1, 2011 Production will be less than 2012, one for each of the 3031 US Ford dealers, 200 for Canada, another 500 or so for VIPs, Galpin and other large volume dealers 1 per dealer is the *minimum* allocation. My dealer (one of multiple shops owned by the Phil Long dealership group) has 8 allocated and will sell at least 13 by his estimate (the number per year, he has sold over the past few years). So your estimate is pretty low, IMHO. Phill Link to comment Share on other sites More sharing options...
speedyman Posted December 1, 2011 Report Share Posted December 1, 2011 You can be absolutely certain that there will be no shortage of sixty thousand dollar Mustangs. Link to comment Share on other sites More sharing options...
68flashback Posted December 1, 2011 Report Share Posted December 1, 2011 I just bought my 07 a couple of months ago. The original owner paid $17k over list, then did about $8k in mods to the car. It had 30k miles on it, and I got all the stock parts, plus 4 black svt rims with Hoosier slicks on them. After 2 clutches the last owner put a SPEC clutch in it. It's a rocket and with the mods I think it limited the marketplace. I got it for an amazing price - under $30k. Other than putting it away for the winter (I'm in Canada and don't have a death wish) I will use it as my daily driver - I paid more for my CRV 4 years ago, so I don't have to treat it like a "special" car. I can't wait for spring! The nice thing is you can drive it around like a "normal" car but when you want to have fun there's lots under your foot. Link to comment Share on other sites More sharing options...
Rev Dennis Posted December 1, 2011 Report Share Posted December 1, 2011 If you bought new and paid an ADM you lost big time. If you bought used in the 30's you did OK. Got to expect a little depreciation each year. Factor in the fun factor and the great people you meet and everyone wins. It's all good Mon! Link to comment Share on other sites More sharing options...
fourd8racer Posted December 22, 2011 Report Share Posted December 22, 2011 I have had mine for two years now. Bought it used for 36k. I have dumped a bunch of money in and don't regret any of it. It has been worth every penny I paid for it! There is nothing like 550 rwhp. It puts a smile on my face everytime I drive the car. I am not the guy that bought the car to resaleit. I bought it for my wife and I to enjoy! We will continue to drive it. Continue to upgrade it and never look back. If we had purchased it for an investement we would never be able to enjoy the car. Love your GT500, Drive your GT500! Link to comment Share on other sites More sharing options...
jerseygator Posted December 22, 2011 Report Share Posted December 22, 2011 If we had purchased it for an investement we would never be able to enjoy the car. Love your GT500, Drive your GT500! Amen brother... 26k and gonna drive from NJ to Las Vegas this spring for the 50th bash. I laughed at the last person that said I was going to destroy the value of my car by driving it! Link to comment Share on other sites More sharing options...
NICK82 Posted December 22, 2011 Report Share Posted December 22, 2011 Consider the fact that an '07 GT500 is soon to be 6 model years old and can bring around 30 grand in reasonable condition. These cars stickered in the mid 40s. That is an absolutely incredible value hold. A 50% depreciation from MSRP is generally expected in 3 years on average across the board. Totally agree, just to give some perspective....in mid 2009 I purchased a loaded 2005 Porsche 911 Carrera S with 10,037 miles (MSRP $119,000) and I paid $51,000 for it. So selling my 4 year old $47,500 Shelby at mid 30's is a good thing. Link to comment Share on other sites More sharing options...
speedyman Posted December 23, 2011 Report Share Posted December 23, 2011 Totally agree, just to give some perspective....in mid 2009 I purchased a loaded 2005 Porsche 911 Carrera S with 10,037 miles (MSRP $119,000) and I paid $51,000 for it. So selling my 4 year old $47,500 Shelby at mid 30's is a good thing. Very nice mix of specialty cars. Enjoy them! Link to comment Share on other sites More sharing options...
NICK82 Posted December 23, 2011 Report Share Posted December 23, 2011 Very nice mix of specialty cars. Enjoy them! Yah it's been an ideal combination, German precision on some days and all out raw American muscle on others, both equally fun in their own way. Link to comment Share on other sites More sharing options...
AlloyDropTop Posted December 23, 2011 Report Share Posted December 23, 2011 Well with the monster 650 traction controlled 2013 GT500 coming out there will be quite a few sellers of older model GT500s. All I know is if you put a 2007-2009 in perfect condition and low miles on the showroom floor with $35K on the window, right next to a 2013 with $65K in the window, and I would have one hell of a hard time justifying spending the extra $30K on the new one. I could justify either, but in '08 when I paid $52K for mine, there wern't any GT500's that could be had to $30K less.... If I could have had a full blown GT500 for $35K with low miles and perfect condition, I would have been all over that. These are great times for people that want to experience automobile AWESOME for very low cost of entry! Link to comment Share on other sites More sharing options...
GTH298 Posted December 23, 2011 Report Share Posted December 23, 2011 Guys, I just bought a pristine 2008 GT500 with only 10K miles, shelby CS20 rims, short throw shifter, 2" eibach lowering kit, seq taillights, tinted windows, for $29K. Hopefully it doesn't go much lower. Link to comment Share on other sites More sharing options...
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