What is your main reason for buying a 2007 Shelby GT500

[ColdwaterHotrod]

Since Five Oh B brung up a good point, I thought it qualified for a poll to see what people are thinking?

[Five Oh B]

N/A

[ColdwaterHotrod]

I voted 2nd & picked the last one.

 

This also could be a good movie in the making? Hmmmmm

[Orf]

B)-->

QUOTE(Five Oh B @ Apr 17 2006, 12:02 PM) 8325[/snapback]

HP & Performance is king above all other reasons to buy this beast.

 

Ditto.

[GT500]

Reason for buying......hmmmmm

 

MIDDLE AGE CRISIS........!!!!!!!!!

 

Just kiddin, performance & horsepower & of course to finally own a GT500 Shelby.

 

Tony

[VNMOUS1]

Reason for buying......hmmmmm

 

MIDDLE AGE CRISIS........!!!!!!!!!

 

Just kiddin, performance & horsepower & of course to finally own a GT500 Shelby.

 

Tony

 

 

What he said. All of it.

 

bj

[ColdwaterHotrod]

Edit - Took back my comments

[sbornitz]

Well for the time being we are buying the car for the performance aspect. But we plan on keeping the car forever, if I can say that. Eventually we will pass the car on to some deserving soul (when they take away my DL). It may be a younger family member or just a friend but only time will tell.

[rpretzel]

I voted the last option (...I want to keep it so I can pass it on to Sons or Daughters...), but since my wife & I aren't having kids, I guess I'll have to pass it on to my favorite niece or nephew. I expect them to begin kissing my butt very shortly. I'm really looking forward to the family competition for my love :D

[1970boss302]

My wife bought me a 1970 Boss 302 Yellow for my 50th birthday

 

I want to get a GT500 for her birthday in November.

 

I am planning on keeping them and hopefully the Children

 

will get them when were gone.

[rpretzel]

My wife bought me a 1970 Boss 302 Yellow for my 50th birthday

 

You lucky bum! Will you adopt me?

[ColdwaterHotrod]

EDIT - Took back my comments

[kaylan1521]

First and foremost.

 

I am a horsepower Junkie so I could've voted for HP/TQ

 

However, I have two awesome kids that as long as they tow the line and continue the way they have till now I'll be passing on the cars and bike to them.

 

So I voted to enjoy ( read... Beat the everloving crap out of it) and when I'm done hand them over to my kids.

[ColdwaterHotrod]

EDIT - Took back my comments

[strongtie]

I took my sixteen year old son to the Chicago Auto Show this Feb. to show him what my new Shelby would look like. I promised him that "...it will be his...(pause)... IN ABOUT 30 YEARS!!"

 

"LIVE TO DRIVE....DRIVE TO LIVE!!!"

[owenkelley]

Edited my post too.

[Roy]

For as long as I can remember I have wanted, lusted, wished, for dreamed of owning a 66 GT 350 white with blue Shelby stripes. Will never be able to afford one, thats just the way it is. Now the new Shelby may be do able if all the price gouging dies down. My local dealership has 2 allocations but won't deal because they are trying to sell on ebay for 15,000 over sticker. I also believe cars are meant to be driven so it would not be a garage queen for me. :D

[ColdwaterHotrod]

EDIT - Took back my comments

[HOWARD GIRE]

I guess the bottom line is the fact I am a "Shelby Junkie". I wanted a Cobra ever since I saw one being driven by Ken Miles at Riverside Raceway in 1963. It took me 30 Years to get that and now it has become my weekend driver. I always wanted a GT350 but they have escalated way out of my price range. It would be nice to have a car with a warranty. I haven't had one with a warranty since 1982 when I went out of my realm and bought a Z28. I have had a Sunbeam Tiger, a Cortina GT(Ford), TR3, Ford Van(Family necessity) , 3 Porsches and presently a 427 Cobra which was rebuilt by taking a second out on my second home. This is a great fair weather car but I would really like something that wouldn't have to stay in the garage when there are a few rain drops on the pavement. Besides all the other reasons, the bottom line is "I really like the looks of this car!" Its the first Mustang I have liked since 1970 and even a good Boss 302 will cost more than the Shelby at this point. Will I buy it as an investment? I seriuosly doubt it, it will be bought as something that was meant to be driven. And that is why I want one. Period. :rolleyes: :rolleyes:

[owenkelley]

Edited this post too.

[Snakehead]

I respect other opinions, but I have a question for Coldwaterhotrod:

 

Coldwater: If you were guaranteed a new GT500 for MSRP, but due to unforeseen financial difficulties you needed to sell the car (while it was still new), would you sell it below the then market price? Would your answer change if you made your living selling cars, it had been a lean year, your kids needed braces and your family hoped to take a vacation that year?

[Guest markham51]

I am a current Shelby owner (and Mustang enthusiast) and I am so passionate about the vehicle I must have an 07 to park beside the 68! :happy feet: :happy feet: :happy feet:

[ColdwaterHotrod]

I respect other opinions, but I have a question for Coldwaterhotrod:

 

Coldwater: If you were guaranteed a new GT500 for MSRP, but due to unforeseen financial difficulties you needed to sell the car (while it was still new), would you sell it below the then market price? Would your answer change if you made your living selling cars, it had been a lean year, your kids needed braces and your family hoped to take a vacation that year?

 

 

EDIT - Took back my comments

[Snakehead]

Coldwater, I'm not questioning your integrity in any manner. I am, however, astonished to learn you sell cars part time and still think all dealers should sell GT500s at MSRP.

[ColdwaterHotrod]

EDIT - Took back my comments

[owenkelley]

Coldwater Hotrod:

 

Your post does answer some questions. I too used to go to the auctions to buy cars, however when I got out of the retail car business carfax was just coming out in our area. We had just signed up with them when I left. So let me ask you this hypothetical question knowing how tough it is to buy used cars in this area for our rental fleet - If cars are bringing Average Retail at the auction, which alot of them are right now, do you sell them for Average Retail to your customers because that is what the "book" says they are worth, or do you charge a profit because people are willing to pay it. I am not trying to question your credibility, it's just knowing that you are a used car dealer I can understand a little better where you are coming from. Most of the people I hang around with are in the car business in one way or another, and they think I am nuts to pay over MSRP for a car. This will be the first brand new car I have purchased in 18 years. I know that buying used is the way to get the best deal, and if I didn't mind owning a used GT500 I would wait until they are a couple years old. But I want one from day 1 because I plan on owning it until i can no longer drive, so if I have to pay $5000 over for it so be it. It works out to about $125.00 per year. Anyway, I now know why you are so opposed to paying over MSRP, because most car dealers would never do that for a personal car. But I really believe that if a person wants a 2007 GT500 and they haven't already had a dealer agree to MSRP, they are going to be hard pressed to find one to do it now. I really don't hold it against my dealer for charging $5000 over MSRP because he said from the beginning that's what he was going to do, and everyone will have to pay it. He is also a close friend of mine. Now I just have to find out exactly what MSRP is so I can figure out if I can swing $5000 over!

[ColdwaterHotrod]

So let me ask you this hypothetical question knowing how tough it is to buy used cars in this area for our rental fleet - If cars are bringing Average Retail at the auction, which alot of them are right now, do you sell them for Average Retail to your customers because that is what the "book" says they are worth, or do you charge a profit because people are willing to pay it.

This is a good real question & not necessarily a hypothetical one. As most who have their own business, I have learned over the years to try & buy any USED vehicle as close to LOAN value as possible (which I guess you could say is dealer invoice). Unfortunately that’s not always the case. If I can’t buy at or near loan value I normally move on to another interest because I don’t necessarily have to have that car or truck to stay in business since I learned to have several different sources of income & I am not depending on any one item to survive on.

 

Example:

 

I buy a used & in excellent condition 2003 Mustang GT convertible with 50k miles on it with a 5-speed trans. at the auction and it’s the month of April (spring fever time here in Michigan).

 

Winning bid was $13,500 now add in my cost to travel 150 miles round trip, pay for an additional person a days wages who is also a certified mechanic, pay the buyers fee (the auctions commission) put gas in the car to get it home.

 

Now I have lets say $14,300 in it.

 

Bank Loan Value is about $11,750

Trade in value to a dealer is about $12,750

Retail Book Value or (Suggested Retail Price) is $17,750

 

A 10% mark-up on $14,300 would be $1,430 profit so the asking price would have to be $15,730

A 15% mark-up on $14,300 would be $2,145 profit so the asking price would have to be $16,445

A 20% mark-up on $14,300 would be $2,860 profit so the asking price would have to be $17,160, which is still below the Suggested Retail Price

 

If I advertise the car on the windshield for retail I maybe setting on the car awhile. Now if I advertise the price for a 16,500 when other dealers are asking retail of $17,750 who’s going to win & sell their car faster? And if I come down in price even more to $15,995 & move the car for a quick & smaller profit because of lower overhead? Who wins?

 

The customer doesn’t care how many salespersons I have or what type of building & plumbing I have as long as he or she can afford the car without feeling they over paid for it & feel like they got the best deal they could for the money. As long as I don’t ask Retail, I can still make a few extra dollars here & their and I can feel good about helping someone else while still making a decent return on my investment & everyone’s happy. It’s a WIN-WIN for both parties!

 

Sometimes I make good friends over it & I become their 1st stop when they start looking for their next used car for their son or daughter when the time comes because they know they will not be taken advantage of. Then theirs the others who I made next to nothing & are never satisfied because they thought they were getting a new car for a used price & expect me to warrantee it for a life time when they know they bought it AS-IS. I try to do what is right & represent the product as truthfully as I can based on what I know about the car that way I am not hiding anything & gain their trust. Hope this helps answer your question.

[owenkelley]

I know how you feel about the people who you make nothing on and they are the ones who are never happy. I wish we used the "book" that you are using, the NADA guide for our region only has $2500 between Trade In Value & Average Retail on a 2003 GT Mustang convt.. Don't people complain about $5000 difference when they are trying to trade a car? Maybe you aren't faced with that as much since you don't sell new cars, but the dealership I worked at was a "one price" dealer so we had to show actual cash value on trade ins and that just became another hurdle. Nobody wants to hear their car is worth $16,500 when the retail book shows $19,000. Anyway, I still think that since these cars are ins such high demand right now they are going to bring over MSRP. I am anxious to see what the next model year brings. I'll bet Ford raises MSRP because of what is happening with the '07's and the dealers will have lower ADM's. Either way, I'll bet the pricing isn't lower next year over this year. I'll bet it's very comparable.

[ColdwaterHotrod]

I know how you feel about the people who you make nothing on and they are the ones who are never happy. I wish we used the "book" that you are using, the NADA guide for our region only has $2500 between Trade In Value & Average Retail on a 2003 GT Mustang convt.. Don't people complain about $5000 difference when they are trying to trade a car? Maybe you aren't faced with that as much since you don't sell new cars, but the dealership I worked at was a "one price" dealer so we had to show actual cash value on trade ins and that just became another hurdle. Nobody wants to hear their car is worth $16,500 when the retail book shows $19,000. Anyway, I still think that since these cars are ins such high demand right now they are going to bring over MSRP. I am anxious to see what the next model year brings. I'll bet Ford raises MSRP because of what is happening with the '07's and the dealers will have lower ADM's. Either way, I'll bet the pricing isn't lower next year over this year. I'll bet it's very comparable.

 

I don't carry my NADA book with me so I went to KBB online for the quick example on prices & the last auction I seen a car go thru at. You know as well as I do it's all in the eye of the beholder to what a vehicle is worth & yes that does apply to a new MSRP price & your example of spreading it over years & years until you can't drive is OK because your not going to turn right around & resell it...it has Sentamental meaning to you & thats what counts.

[GT500OnOrder]

B)--><div class='quotetop'>QUOTE(Five Oh B @ Apr 17 2006, 11:02 AM) 8325[/snapback]</div><div class='quotemain'><!--quotec-->

Looks like I voted first! HP & Performance is king above all other reasons to buy this beast.