GT500 Used Value?

[bandit_48032]

So I have been saving and saving and saving and saving for an 03/04 Cobra and now that their has been a body change, and the GT500, I think I might just save some more!

So what do you think these cars are gonna go for within the next couple of years after they have been bought and driven.

for example.....

07 Shelby GT500 with 15k-25k miles and 30k-50k miles? (in the 07 and 08 year)

 

[Wishing4Cobra]

how much have you saved up?? i think maybe 1 year or so down the line a used GT500 you can get for i would say 34ish? IMO that is.

 

[bandit_48032]

I think I would be able to pick one up for 34ish, lets just hope the mileage is closer to 15k-25k than 30-50k though! haha

 

[Zalec]

mid 30's.

 

[bandit_48032]

Mid 30's is promising I guess. Wish they were a hell of a lot cheaper, but I guess you get what you pay for!

 

[drmustang]

The price of used unit will be determined by what a new one one can be purchased for during the next 2-3 years. MSRP pricing is soon to be the norm, discounting to follow.

Mid thirties on a clean low mile car in a year is a good bet.

The insurance and debt levels of these cars will limit the number of new buyers and also promote a higher than average turnover rate which is certain with these type of cars.

The used selling prices on these GT500s will be much more palatable to the mainstay Mustanger in 12-18 mos. 45 grand for a Mustang regardless of HP #s is wildly out sync with the budget of the majority of Mustang enthusiasts.

 

[03gobluecobra]

I think you might be able to get one for mid thirties if you look hard enough. Around the same time you will be able to get an 03-04 for under 20.

 

[Willie]

http://autos.yahoo.com/newcars/ford_shelbygt500_coupe_2007/19298/style_tco.html

 

[SNAKEMAN101]

about 500 dollars or so ;-)

 

[bubbrubb]

Just a question for you guys.. do you think that the people that payed over sticker will influence the market price of the car to be higher since they won't want to sell the car at a price where they will lose as much money? Just something to think about...

 

[Willie]

....do you think that the people that payed over sticker will influence the market price of the car to be higher....

No. The basis for used car values have always been dictated from the base MSRP (with no options). It has nothing to do with "market adjustments".


....since they won't want to sell the car at a price where they will lose as much money?

Basically anyone who pays over retail is screwed when it comes to depreciation. Depreciation is always calculated from base MSRP, not the "premium" a buyer is willing to pay.

Based on this fact, the 2007 C6 Z06 is a far better value with it's base MSRP of $69,175. In one year's time when the '07 GT500 will be valued in the high 30k to low 40k, the Z06 will be in the low 60k range.

Willie

 

[crispy23c]

...and, if someone bought one over MSRP and had to sell it, chances are that they need the money. :nonono: :smmon:

 

[bluestreak89]

Actually people are still selling the 06' Z06's used for 65-75k but this is due to the fact that it's still not so easy to find a new one at MSRP unless you preordered for 08's

 

[chuckstang]

I think we are still about 2-4 years away from low mile terms going for under 20k imo

 

[Captain Beyond]

I think we are still about 2-4 years away from low mile terms going for under 20k imo

+1 :thumbsup:

 

[Zalec]

I think we are still about 2-4 years away from low mile terms going for under 20k imo

i saw one last week on ebay with the buy it now for $7200 in Iowa.

 

[icu812]

i saw one last week on ebay with the buy it now for $7200 in Iowa.

sounds "FISHY" to me

 

[chuckstang]

7200 hahaha
flood car ? salvage car? wrecked?
or a fake

 

[Captain Beyond]

:lol:

You usually get for what you pay for. :-D

 

[adamb258]

it was prolly 7,200 over sticker