| Author | Message | ||
| Thomas I (Wax)
Junior Member Username: Wax Post Number: 139 Registered: 7-2003 |
This Ford is a GT44 ;)(40 was GT's height) The other bidders must have breathed a huge, collective sigh of relief when Mr. Goldman bought into the hype over the blue oval's finest. Since this auction was for charity, and Goldman received something in exchange quids pro quo for his largesse... Will $427,500 (557,500 - 130,000)be deductible? Will he still be able to deduct the amount of the car, if it is (later) entered as a business expense? Will he sell the car for higher than 130,000 - say 260,000 if prices/status remain lofty - thereby netting 130,000 (taxable) and more profitable if car was deducted as B.E. as prior paragraph's scenario implies? Should be interesting seeing what happens as time goes by. | ||
| William H (Countachxx)
Advanced Member Username: Countachxx Post Number: 2888 Registered: 2-2001 |
You can buy a REAL GT40 for less than $557,500, what an Asss. Maybe he works for Ford ?  | ||
| Bruce Wellington (Bws88tr)
Advanced Member Username: Bws88tr Post Number: 2706 Registered: 4-2002 |
PETER DONT FORGET THE MIATA IN THE 80s | ||
| Hubert Otlik (Hugh)
Intermediate Member Username: Hugh Post Number: 1274 Registered: 1-2002 |
>>Production of some 1500 annual units gets under way later this year.<< Boy, that's laughable, especially in the face of the auction bid. Read it again. That's right, 1500 PER year. Not 1500 ever. NOt 1500 just this once, but per year. I don't think a #1 GT (of which there will gross (in the "exotic" world) numbers made. Add to that , the fact that, from what I know, ford has no intention on building a racing pedigree for this car ( a la the original GT 40), so it's essentially another low quantity production car. Ford's banking on the heritage. Dealers can't sell above msrp for customers that preordered, but they can gouge on the flipped cars, as does every dealer on the newest ride. | ||
| Dave (Maranelloman)
Advanced Member Username: Maranelloman Post Number: 2682 Registered: 1-2002 |
To the a$$clow who would pay $557,000 for this car:  | ||
| '75 308 GT4 (Peter)
Advanced Member Username: Peter Post Number: 3028 Registered: 12-2000 |
Its the same thing that happened with the new VW Beatle, new Ford T-Bird, PT Cruiser, etc... Once the fad wears off, they'll languish on the lots (maybe you can snatch one up with 0% financing then!  ). | ||
| Bill Sawyer (Wsawyer)
Member Username: Wsawyer Post Number: 907 Registered: 2-2002 |
I doubt that the auction results will seriously impact Ford GT prices. Surely dealers and speculators will gouge buyers on the first several cars, but it will settle down quickly. There are scads of exotic and semi-exotic cars coming on stream and I predict that it will be a buyer's market. | ||
| Kenny Herman (Kennyh)
Intermediate Member Username: Kennyh Post Number: 1166 Registered: 8-2001 |
And I have the first ride in the GT going to Adam Goldman in NJ. | ||
| Bruce Wellington (Bws88tr)
Advanced Member Username: Bws88tr Post Number: 2704 Registered: 4-2002 |
ADAM GOLDMAN HAS THE FIRST GT IN NJ.......... | ||
| Mark (Study)
Member Username: Study Post Number: 697 Registered: 10-2001 |
Ford GT at auction By AUTOWEEK If you�re saving up for a Ford GT at the expected $130,000 list price, don�t hold your breath. While a Christie�s auction at Pebble Beach may skew values a bit, the first customer-purchased two-seat Ford GT sports car drew a top bid of $557,500 for a car initially expected to attract a top bid of no more than $180,000. Production of some 1500 annual units gets under way later this year. |