Why so many low mileage for sale

[Wilson & Co]

Looking on al the auto listing websites and you see quite a bit of gt350 and fewer but also gt350r's for sale with under 5k miles.

I'm assuming its because ppl impulse buy them and then after a few months realize they are stretching the debt to income ratio a bit too far?

Or is it just that many ppl aren't happy with them or can't justify keeping it as 2nd/3rd car??

Either way looking like deals to be had!

 

[07 Black Beauty]

Most likely fear of oil consumption issues scares them into selling. Shelbys are also typically toys that people buy barely drive and then sell off when the new latest and greatest thing comes out. 2 of my previous gt500's were purchased with low miles after a couple of years

 

[My94GT]

I suspect many are as stated above, weekend drivers that people keep for a couple years then dump off for what ever they are getting next.

 

[Wilson & Co]

Sux there are engines burning excessive oil.. what does ford consider normal for warranty coverage?

 

[98 svt]

If it were me, I'd be logging on some miles while it's still under warranty, in the event of the oil issue.

 

[07 Black Beauty]

Sux there are engines burning excessive oil.. what does ford consider normal for warranty coverage?

Anything more than 1 qt per 500 miles gets a new motor. Per the manual 1qt per 1000 is normal

 

[ANGREY]

Probably a confluence of things.

The biggest reason is that we're going into the 5th year of production, so now the market is fully developed and as pointed out above, lots of secondary car buyers who realize the car isn't being used enough to justify having it around. This is the same phenomenon of why there are ZILLIONS of Harley motorcycles for sale with less than $10k miles on them. People buy one, use it when they can and after a couple years, realize that they don't use it enough to justify the payments.

 

[1 Alibi 2]

People buy a " track flavored " car & find it isn't that much fun on the street..

 

[96gt02]

^ This makes the most sense to me, other then of course the oil issues. But in general the 350 really isnt that fun of a street car for the money IMO, its only very slightly better then a GT (on the street) that costs half as much so unless you really like the status symbol there are many better buys.

 

[COOL COBRA]

From what I've watched, a trend shows oil consumption reasons & GT500 guys missing the HP, so they sell.

 

[03reptile]

Thanks Doug, you just broke my heart!

 

[RivalBaller14]

Don't care, its paid for and i'll drive all or as little as I want.
Bury me in the ****er or find it in a barn some day

 

[Drewsky65]

to be fair, 99% of shelbys are low mileage as they are not DD, they are weekend warriors OR even only used at the track. so ALL used GT350 and or older 500s are relatively low mileage. i purchased my last gt500 that was three years old at the time with less than 9k on the odometer.

People not doing research and making impulse buys. i think its mainly the ppl that want to see and be seen and use it a as status symbol. then realize its a sports car and doesn't drive like a Cadillac and or like said above dont use it enough to see the value in their monthly payment or what not. there is also a small group that thinks they will trade in for the new 500, i dont think those ppl realize the ADM those cars will have the first few years, plus it being a more expensive car to begin with.

I really dont think oil is is the reason for the majority of folks selling, maybe a few but still not the main reason... off topic which i want to make a thread soon on. all you have to do is switch to AMSoil and the consumption goes away. if its something major ford will immediately replace the motor no questions asked without blinking an eye so if you love the car enough it shouldn't bother you.

 

[Zemedici]

to be fair, 99% of shelbys are low mileage as they are not DD, they are weekend warriors OR even only used at the track. so ALL used GT350 and or older 500s are relatively low mileage. i purchased my last gt500 that was three years old at the time with less than 9k on the odometer.

People not doing research and making impulse buys. i think its mainly the ppl that want to see and be seen and use it a as status symbol. then realize its a sports car and doesn't drive like a Cadillac and or like said above dont use it enough to see the value in their monthly payment or what not. there is also a small group that thinks they will trade in for the new 500, i dont think those ppl realize the ADM those cars will have the first few years, plus it being a more expensive car to begin with.

I really dont think oil is is the reason for the majority of folks selling, maybe a few but still not the main reason... off topic which i want to make a thread soon on. all you have to do is switch to AMSoil and the consumption goes away. if its something major ford will immediately replace the motor no questions asked without blinking an eye so if you love the car enough it shouldn't bother you.

That’s a swing and a miss there chief.

A) plenty of these guys daily drive these cars - there’s cars for sale with 20,000+ miles, hardly ‘low mile’ for a car 2 years old (Barely any 15 MY built)
B) oil consumption IS an issue, check out mustang6g
C) Ford is NOT replacing the motors in the quantities they were previously, as they’ve added an addendum the 350 owners manual to adjust ‘what is normal’
D) People sell them because they’re slow for a street car, not ‘because they don’t ride like a Cadillac’ - no one i know cross shops a $100,000 CTS-V and a $55,000 track oriented mustang

Consumers bought Ford’s ‘top dog’ mustang, (the most expensive one) and it gets ****ed by Chevy and Dodge’s top dog. Call it ‘misinformed buyer’ or what have you, but the ‘top dog’ making <500whp is definitely steering customers to other brands.

 

[gimmie11s]

There are almost 400 used 350’s on autotrader right now. Some under $40k.

Only gonna get worse when the 500 drops.


Sent from my iPhone using svtperformance.com

 

[Drewsky65]

That’s a swing and a miss there chief.

A) plenty of these guys daily drive these cars - there’s cars for sale with 20,000+ miles, hardly ‘low mile’ for a car 2 years old (Barely any 15 MY built)
B) oil consumption IS an issue, check out mustang6g
C) Ford is NOT replacing the motors in the quantities they were previously, as they’ve added an addendum the 350 owners manual to adjust ‘what is normal’
D) People sell them because they’re slow for a street car, not ‘because they don’t ride like a Cadillac’ - no one i know cross shops a $100,000 CTS-V and a $55,000 track oriented mustang

Consumers bought Ford’s ‘top dog’ mustang, (the most expensive one) and it gets ****ed by Chevy and Dodge’s top dog. Call it ‘misinformed buyer’ or what have you, but the ‘top dog’ making <500whp is definitely steering customers to other brands.

Yes, 20k isn’t low mileage at all for a one or two year old car. The thread is why there are so many low mileage Shelby’s for sale. Not why are all Shelby’s for sale. Back to the point like I already said. People buy them out of impulse or just to have the new latest and greatest, then don’t see the value in the monthly payment.

I would only hope ppl don’t buy this car thinking it’s the fastest thing on the road, but then again some ppl just don’t think or do any real research before they make a purchase. To me, if I am going to buy or finance any car I am going to buy what I want. The model I want the color I want the options I want. I’ll reaserch for weeks or months online and watch every YouTube video in existence about it before I buy a 60 thousand dollar car. I know exactly what I’m getting into and all the pros/cons that come with it.

Long story short i would only hope buyers think like I do before buying anything. So the only real logical reason I can think of is impulse buying as well as being sold at dealerships.

Yes maybe your right, ppl get sold and buy this car knowing nothing about it then get mad they can’t go smoke supercharged competitors that have 200 more hp than it. The cool thing is, Ford never once ever tried to market this car as the fastest thing on the road or even the fastest mustang they have produced.

 

[03 DSG Snake]

There are almost 400 used 350’s on autotrader right now. Some under $40k.

Only gonna get worse when the 500 drops.


Sent from my iPhone using svtperformance.com

When the GT500 hits there will be some 350 bargains to be had.

 

[1FASFKR]

There are almost 400 used 350’s on autotrader right now. Some under $40k.

Only gonna get worse when the 500 drops.

I see that being the case for the regular GT350. I believe the R's will and are holding much better.

 

[07 Black Beauty]

When the GT500 hits there will be some 350 bargains to be had.

You're talking a very considerable difference in price point between the two. That new 500 will probably be every bit of $100k if not more with ADM's. That's going to limit the pool of perspective buyers. I currently have an R and know I wont be able to touch a new 500 for several years @ best

 

[biminiLX]

This year the 500 ADMs will be crazy but they’re going to build a fair amount and second year MSRP will be common.
TBD is the possibility that the CF Track Pack will be limited, like the 350R due to CF wheels
Still, a great deal on a used 350 then add boost sounds like a fun alternative.
-J