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Valuation for a 2008 Shelby GT with real low miles


Fstanbrough

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I have the opportunity to purchase a 2008 Shelby GT with extra low miles. Problem is trying to determine a fair price for the purchase. The seller is the original owner and the car has less than 10,000 miles. The car had been kept in the garage and had never been in snow or other bad weather. No dents, dings, or other apparent blemishes. It is a real beauty!!!

 

I would welcome any suggestions for a fair offer price. Thank you.

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Pics and options would be helpful in taking a stab at the price. You are going to get dozens of different answers no matter what. A coupe can go anywhere from 17 to 24k on average,a vert can go from about 19 to 28k on average for good examples. Did the seller have an asking price? If so,post it and we could at least advise if it is fair or if they are out of their mind.

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Assuming its in excellent condition and has the GT Premium Package in addition to being a Shelby GT, KBB.com values it at $16,613 for private party sale.

 

www.kbb.com

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10K is not considered low miles by collector standards. It's low for wear and tear provided it was driven frequently (monthly or more frequently) to keep fluids active. Calculate the difference like this: (price for a 10K Mustang GT - price of a 50K Mustang GT) and add that to the starting point for a Shelby GT. It'll be a little but not much. The fact that it's a Shelby will not influence the difference much as these cars have not attained collector status (and probably won't in our lifetimes.)

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Thank you, everyone for the responses. From an option stand point, it was a Ford GT premium convertible with every option that Ford offered at the time. The Shelby package (Ford Racing handling package, Ford Racing power upgrade package, 54U package, performance X-pipe exhaust, 3:55 rear axle assembly, and the Shelby appearance package), I believe is standard and was slightly over $11,000 at the time. Exterior color is Vista Blue with Dark Charcoal interior. It has been garaged the entire time. 5-speed automatic with Shaker 1000 audio system. The asking price is $31,000, but the seller indicated that it was negotiable. Cargurus.com and EBaymotors.com both have Shelby GT500s with similar mileage with prices averaging the low to mid-high $30,000s. Based on the pricing of this GT, it appears high when compared to the 500HP of the GT500.

 

Based on the addition information, does the group have any other suggestions on what a fair offer would be. Sorry I didn't provide all of the above information last night with the original post. It was late..... LOL

 

Thank you, in advance, for everyone's help on this. It is a sweat car and I would like to buy it - just want to make sure that I do not overpay, but at the same I've offend the seller to the point that they tell me to "go fly a kite."

 

Thanks again.

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The convertible makes a difference, to me that adds value, but I think that is offset by the Automatic.

 

His asking price is very high, I would expect to pay about $25K for that car. That is my 2 cents.

Agree with this. No more than 25K but somewhere between 20-25 for convertible and a little but not so much for the lower miles. The automatic is an extra cost to the original car but makes it worth less than the 5 speed to some folks, it all depends on how you intend to use the car but I wouldn't add or subtract because of it. (My cars were one of each.)

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Problem is, guys like us with our Shelby's "expect" them to be worth much more...however...the market simply doesn't bear that out. I would look at "standard" Mustang GTs with that mileage, auto, convertible and then add at most $3K for the "Shelby GT package" to the asking price; then negotiate from there. There is simply no way his car is "worth" $31K or even near that amount. Having said that, I hope he gets $31K because that increases our valuations!

 

Edit - A little more info. Just for fun and curiosity last year, I asked CarMax for a price to buy my SGT, with around 12,500 miles on it at the time. They offered $14K. I also went to a dealer. They offered $17K. Now, if I had sold or traded in my SGT to one of these guys, who knows what they would put it on the lot for.

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I think that the prices are low because there is little (or no) awareness in the market that these are unusual pre title Shelby cars. Pre title like the 1960's GT 350. Personally, I think this makes the SGT very desirable. But maybe I'm the only one who feels that this makes the SGT Shelbys special.

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I think that the prices are low because there is little (or no) awareness in the market that these are unusual pre title Shelby cars. Pre title like the 1960's GT 350. Personally, I think this makes the SGT very desirable. But maybe I'm the only one who feels that this makes the SGT Shelbys special.

 

You are correct. To the vast majority of buyers out there the Shelby GT is just a Mustang with some extra doo-dads. Most are not aware of what those doo-dads do to the driveability of the car. The pre-title/post-title thing is also irrelevant to 99% of the buyers out there. They remain excellent "deals" since the market values them so. Seriously, if you were to get a 07-08 GT and add the suspension mods it would cost more than buying a SGT from a dealer.

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Yes, I don't think most sellers or buyers (incl. dealers) are aware of the pre title aspect. I suspect if they were that prices would be different. It makes difference to me.

So is it just another Mustang with extra doo-dads? Should it be?

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Supply and demand, the problem is there is not a lot of demand. Supply is low so if demand rises so will prices.

 

I've been looking at adding another toy to the garage, I looked at 88-89 G50 Carerra's, I sold mine ???15 years ago for $16K, today it is a $30-35K car. I'm also looking at the S2000, I almost bought one of those instead of my Shelby, the 2008 CR S2000, if I would've it would be worth more now then what I paid for it. BMW M-Cars from the 80's/90's (had one of those too) are going up huge. Look at 90's NSX's, they are going for insane prices. My prediction is the Viper will be next, this latest generation will go up in value in 5 years or so.

 

My point is no one knows where they could be in 10-15 years, but today they are worth what someone is willing sell it for and another to pay for it.

 

I do not think they are investments, but I also find it difficult to believe they won't be noticed at some point in the future for what they are. They were the steal of all Shelbys because they were NEVER advertised. No Shelby since has had close to the value for the prices we paid.

 

Rant over...

 

I still stick with staying under $25K, good luck!!!

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Everyone,

 

Thank you for the feedback. It is greatly appreciated. I think I will offer $20,000 for the Shelby and use portions of your comments as a rationale for my offer that is significantly lower than the seller's ask of $31,000.

 

Thank you and have a good night,

FS

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Everyone,

 

Thank you for the feedback. It is greatly appreciated. I think I will offer $20,000 for the Shelby and use portions of your comments as a rationale for my offer that is significantly lower than the seller's ask of $31,000.

 

Thank you and have a good night,

FS

If you are making an offer that low, be prepared to be told to go pound sand. You should be in the 24 to 26k range for a clean low mile nicely optioned 2008 SGT vert to be considered a "fair" offer.

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Everyone,

 

Thank you for the feedback. It is greatly appreciated. I think I will offer $20,000 for the Shelby and use portions of your comments as a rationale for my offer that is significantly lower than the seller's ask of $31,000.

 

Thank you and have a good night,

FS

If that is going to be your Offer, I would not worry about it and start looking else where. When I get Offers like that I want to punch the guy in the face so bad. I end up telling them where to go and to get the hell off my Property before I punch them in the Face and I walk off. That low of an offer is an Insult, not a starting point to begin Negotiating. $25K is a good price but I bet he wont even think about that.

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$31g's? The seller is smoking crack.

 

You can find low mileage GT500's for less than that. My own '09 GT500 had 3.4k on the odo when I bought her last year and was in pristine condition. I didn't pay much more than that seller is asking for a Shelby GT.

 

I'm thinking $22-23g's.

Good luck.

Lee

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31 price tag may very well be a price the owner would be "willing" to let it go.

 

Kinda like the old saying, anythings for sale at the right price.

 

I agree 31 seems a bit high, however, wouldn't be enough for me to get rid of mine.

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Right or wrong, it would take a lot more than $31k for me too.

(For whatever it is worth Included would be low miles, original Shelby window sticker, Shelby warranty, original floor mats,Carol Shelby's autograph on visor, and still in box lower grill and fog light kit. All period SGT and Team Shelby paraphernalia, etc.)

But not trying to sell now.

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Agreed $20K will be laughed at and not taken seriously.

 

That's ok I think. Who knows, the seller may come around later and accept an offer close to that. Also, reasonable offers are what keeps the market in check. Having said that, I still hope it sells for $31!!! :lol:

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Pics and options would be helpful in taking a stab at the price. You are going to get dozens of different answers no matter what. A coupe can go anywhere from 17 to 24k on average,a vert can go from about 19 to 28k on average for good examples. Did the seller have an asking price? If so,post it and we could at least advise if it is fair or if they are out of their mind.

 

Bump

 

 

:hysterical:

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I'm late to the party here, but I would agree with the $25K pricing. For Shelby GT's the 2008 Vert automatic is a fairly rare combination I believe. Does it have the original tires on the car? If yes, they are 9 years old, so I would deduct for that. Also, if aftermarket wheels, do the original one's come with the sale? If I were buying I'd also want to know if there are any extra goodies included in the sale, specifically things like the Shelby billet engine caps, extra SGT hood pins, billet strut tower brace, other under hood goodies, lower grille with driving lights, Berg faux gas cap, as you can't buy that stuff anymore. If the car had some of those things and that is important to you then that might bump the price up a little. My .02.

Dave

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