Ford GT crushes Ferrari in resale value....

We all do what we do best.

 

This will be an interesting benchmark auction sale on Sept 4th : I have comparable Mileage on mine. The Red FGTs sold at the lowest price a few years ago.

2005 Ford GT 5.4/550 HP, 6-Speed, Less Than 1,850 Miles for sale by Mecum Auction

 

Lee

 

Yes it will be. So few Miles. my FGT has 9200 miles still low but still more than alot of these cars shown at auction.

I am laways debating wether it is best to buy a very very low milage car or one that has been driven regulary. It will be interesting to hear what the forum thinks. It may also differ depending on the car manufacture. An example would be the old ferraris that had a rubber timing belt instead of a metal timing chain or gears. Just cusious on what you folks think.

Best

Lee

 

LOL!

 

Hey!

I don't want to be late.

 

I met a guy who had a white/blue Ford GT in his garage with 2.8 miles on it. He had it delivered directly to his home, and had the Ford techs come perform the PDI on it in his garage (as well as all subsequent service campaigns). He's got a regimen of regularly starting the engine to lubricate everything, pushing the car forward and backward to keep the tires round, manually working the suspension, and so on, just so that it will keep the low miles and not rot from sitting. Seems like a lot of work to me, but he may end up making money on it after all.

 

He'd be happier with one of these.
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I wonder if there are oriental rug enthusiasts who get upset that rugs sell for millions of $ and just get hung up on walls instead of used on the floor like they were supposed to be...

Seriously.

Personally I know nothing about investing in stocks, etc... but I feel like I do have a good instinct for what cars will appreciate in value. I honestly think cars would be the best way for me to grow my money.

It's sad for the cars, but maybe some of the owners ARE enthusiasts, they just don't know any better way to make money? Maybe they invest in cars because they ARE enthusiasts and cars are what they know best?

I could maybe see myself getting a few cars to enjoy, a few to invest in. Of course, I don't think I'd actually be able to resist driving them though...

 

Yeah, that right there would be my problem.

 

Rug dealers make Ferrari dealers look tame.

 

From benchmarking from other owners, I do not believe mileage will have a factor with these cars (FGTs) in the years to come. Drive and enjoy the car you will always have a taker if you decide to unload at prevailing prices. These engines are as bullet proof as you can get. On the other hand,I paid more for my Scud and the FGT has overtaken it (price wise) by about 60 thousand dollars. Both very different cars,but then I never bought them for investment purposes.

 

FGT appreciation is a given based on these reasons:

1. The car is bad ass and people love it.
2. The owners love them for what they are and love to drive them. They aren't speculating.

 

For the information and good luck with your FGT. I have had dealers asking me if I want to sell it or trade it in. I never had that before. One offer a few years ago was $60k more than I paid for it. I like the FGT so much I may never sell it.

I noticed you own a Viper. I just bought a 2013 SRT Viper and are very happy with it.

Best

Lee

 

What kind of Cobra do you have Lee?

(Crap I am avoiding my own advice and getting off topic...)

 

I had a hunter kit Cobra. It had 642hp with 2200 lbs or so and a 5 speed manual. it was a fairly fast car, but not a great handling car but I did enjoy it.

I currently have a 2013 Shelby Mustang with 665hp. A great car . Ford valled it a Cobra and it has those markings not sure what the real definition of a cobra is.

Someone on this forum many years ago argued, the only real Mustang Cobra was a 2001 or something.

Why do you ask?

lee

 

I sold a couple of Kirkham Cobras to Florida and wondering one went to you. Guess not.

 

I sold my 458 Spider yesterday and purchased a 06 Ford GT. I paid 230 for it, mileage < 3k and everything stock. 1 owner.

I have not received the car yet but I drove one extensively about 4 years ago on some back roads in harriman state park and it was really memorable. I felt like I had to have that car someday and for whatever reason it took a while to get to it. Bottom line:

- It looks insanely good
- It drives as good as it looks
- It is bulletproof
- They will never make any more like this

Makes sense that prices have gone up on these cars. The Mecum car was a random dot, it was a one off situation so it carried a big premium. Nonetheless I feel the car is a good value at its current price. I got 100k back from my spider sale and I believe I bought a timeless car that captures perfectly a special moment in time when some people at Ford went crazy and just NAILED it. 458 is great but after having 3 in a row I just felt a need to find something which has more love in it.

Like my Carrera GT, I intend to keep the FGT a long time and am not speculating on it.

 

Congrats on the new purchase ! What color ?

 

GTs also appeal to people who like:
Muscle Cars
American Iron
Exotics
Racing Prototypes
Fords
Shelbys

That's a whole lot of appeal in 1 car

Also if you want a real American exotic the list is extremely short & GT is on top

 

You guys need to get out more if you think the GT is on top. Nice yes, but pedestrian. A fine automobile for the older refined gentleman seeking comfort and style. A lot like a Ferrari I suppose...

 

White with blue stripe!

 

LOL Luke.

 

.......
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Let us hope the FGT version of that model comes with several replacement tachometer and fuel gauges at $7000 a pop... you're going to need them. No wonder they are selling for a quarter mlllion dollars these days. Guys are just trying to stay right side up after all the money they've sunk into flakey gauges