Looking for GT, have a few questions

[crazy4carz]

I have recently been looking for a GT. I don't know if I should I wait for prices to come down, or get one now. I fear buying a car and it depreciating so quickly that I will be upside down in it. Does anyone lease these cars? If so, what is the duration of the lease available and what is buyout? If the value tanks I can end the lease and walk away, if the value holds I can buy out the lease at the end. It seems like a safe way to go. I have a Viper that I have had for quite a while and a Corvette, neither have depreciated far off purchase price. I sold a 96 GTS recently that I made a couple bucks on, and a Hemi car that is scheduled to go to auction soon and I am looking for another toy to replace them.

I have never spent this much money for a single toy and am a little apprehensive.

Ps. White/Blue is my color of choice.

Thanks in advance. Steve.

 

[Kave]

Prices are starting to go up. Their are far less new gt's in the market than 5 or 6 months ago. If you can find one, and its the color you want, don't let a couple dollars stop you from buying it. Do not lease this car. It will keep its value and then some.

 

[timcantwell]

My advise always is, "Buy Low - Sell High". That being said, I always look for a deal. Both of my GT's were bought new at about 5% to 7% under MSRP. From what I have seen, most of the used GT's on the market are being sold at around MSRP with about 1000 miles or so. My guess is that the GT may drop in value, but not by much. In terms of leasing, you should contact Putnam Leasing, as they specialize in collectable cars. I paid cash for both my cars because I hate to invest in depreciating assets with borrowed funds (adds insult to injury when you calculate the total cost of interest and prinicipal). Good luck in your search.

 

[Empty Pockets]

I have never spent this much money for a single toy and am a little apprehensive.

Ps. White/Blue is my color of choice.

Thanks in advance. Steve.

Steve:
There's an '05 white/blue 15 mins away from me (Wash. State) that I KNOW you could buy for less than sticker. It's owned by the dealership (never titled) ...has less than 100 miles on it 'last I heard. They've had it since 'summer of '05...'got it from another dealer... 'paid $195K for it I've been told ... ...tried to make a killing on it ...'have been burned to the waterline as a result.
PM me if you're interested & I'll look up contact info. (I HAVE NO STAKE IN THE SALE OF THIS CAR AT ALL. 'Couldn't care less about it!)

'Pockets

 

[911teo]

I have an off thread question... when does the warranty start? From the 1st time the car was titled? Or from the production date?

In this case would one enjoy the full 3yrs warranty or just 15 months?

Thx

 

[Empty Pockets]

I have an off thread question... when does the warranty start? From the 1st time the car was titled? Or from the production date?

In this case would one enjoy the full 3yrs warranty or just 15 months?

Thx

It starts the day it's BOUGHT by whomever BUYS it.

 

[bigdan40]

My advise always is, "Buy Low - Sell High". That being said, I always look for a deal. Both of my GT's were bought new at about 5% to 7% under MSRP. From what I have seen, most of the used GT's on the market are being sold at around MSRP with about 1000 miles or so. My guess is that the GT may drop in value, but not by much. In terms of leasing, you should contact Putnam Leasing, as they specialize in collectable cars. I paid cash for both my cars because I hate to invest in depreciating assets with borrowed funds (adds insult to injury when you calculate the total cost of interest and prinicipal). Good luck in your search.

Not bad Tim, pay 5 to 7 percent under (although used ones are going for window), pay cash because you can and not get whacked with interest like some of us chumps!!! Man I wish I was you...

crazy4cars, don't go anywhere near leasing this car, you'll get totally waxed by anyone who is floating the paper for such a big ticket.

 

[Kayvan]

-No Lease; though financing is available.

-there are about 150-250 New Cars left (2006, with dealer miles <10 mi)

-Certain colors and set-ups are non-existent (ie, yellow, no stripe cars, etc). Certain colors are in abundance Gulf Livery, Tungsten.

-If you like the stock six spoke cast wheels, virutally no cars left; though can puchase ~$4k via parts dept.

-They have been selling about 150 cars per month so by Feb all cars can be gone; though 50 sold in Dec a fluke month.

-At this price level, I think having the full "new car experinece" is very much worth it, including full 3yrs of warranty.

-Used offers $10-20K off list, but potential for undetected abuse is very high with this car; coupled with dwindiling Warranty of 0.5 -1.5 yrs as some 2005 cars were sold early as 10/04.

I predict last 50 cars will spike back up in price as procrastinators realize there is 5-10 left in each color and need to pull trigger or forever buy used.

After all or sold [less 150 dealer toys/demos which will be used anyway] i predict there will be a swift price drop down $20-30K based on the used supercar discount. Any 2005 Lambo Gallardo on ebay sells at at discount b/c most supercar buyrs want a new car not a used car.

After this it will stabilize slowly then over 10-20yrs steadily climb in value while most mass produced sports cars will stall out in appreciation/inflation value.

Re: making a couple of bucks....not an investment. However, this car makes people so massively happy that I am sure you will go to work and swing for the fences and hit it out of the park b/c you have rewarded yourself with a car which most like you will be obsessed with.

I and many here want to buy a second GT (usually a Gulf) or own 2 already. Very, very, very, few supercar buyers buy the same exact car; GT'rs almost all want to.

 

[ROCMAN]

You should consider used if resale is a major concern. Buy now, and enjoy now. Life can be taken away from you at anytime. Live it to the fullest and don't look back!:thumbsup

 

[Roadtrip]

- I and many here want to buy a second GT (usually a Gulf) or own 2 already. Very, very, very, few supercar buyers buy the same exact car; GT'rs almost all want to.

Wow I hadn't thought about that, but it's true (as Supercars go that is). I already told my wife we should get another. :biggrin

The only other car I felt that way about and noticed the owners did as well was the Viper & alot of Vette guys do that as well. (but those weren't super cars).

Ferrari Guys tend to own a few Ferrari's but always a different model.

Hmmm interesting.

 

[HHGT]

It starts the day it's BOUGHT by whomever BUYS it.

Only if it is sold as a new vehicle. If it has been registered, then the 3 years start on that day.

 

[Roadtrip]

Unless your purely leasing it as a business write off, I would stick with buying it. If you plan on owning it for a long time (like myself), leasing only offers a lower initial payment; The buyout, plus the lease payments, in the end will be alot more than just buying it from the start.

 

[ROCMAN]

Unless your purely leasing it as a business write off, I would stick with buying it. If you plan on owning it for a long time (like myself), leasing only offers a lower initial payment; The buyout, plus the lease payments, in the end will be alot more than just buying it from the start.

Man, I wouldn't want to be audited if I were writing it off. At least for me, I need to prove it was for business, and I don't know how I could justify a GT for business. I'm sure in other industries you can get away with it, but not in mine.

 

[Roadtrip]

Man, I wouldn't want to be audited if I were writing it off. At least for me, I need to prove it was for business, and I don't know how I could justify a GT for business. I'm sure in other industries you can get away with it, but not in mine.

You can write off up to a certain dollar amount on any lease as long as you use it as your company car (the write off amount is pennies in comparison to the lease payment itself, but is more than if you bought it). Now, if you bought it through your company though, you would get killed with capital gains tax when you got rid of it.

I personally bought my GT. However, my company car is a Jeep and that makes my accountant sleep better at night.

 

[ROCMAN]

You can write off up to a certain dollar amount on any lease as long as you use it as your company car (the write off amount is pennies in comparison to the lease payment itself, but is more than if you bought it). Now, if you bought it through your company though, you would get killed with capital gains tax when you got rid of it.

I personally bought my GT. However, my company car is a Jeep and that makes my accountant sleep better at night.

True. In my business, the only car I can write off needs to haul things. The GT aint much of a hauler.:lol

 

[HHGT]

I will not go into detail, but let me say this;

A business can write off a Bill Board on a freeway advertising products. A GT is a form of a Bill Board and you can have companies advertise.

Enough said!

 

[Empty Pockets]

Only if it is sold as a new vehicle. If it has been registered, then the 3 years start on that day.

Right! 'Like I said - it starts when whomever BUYS it BUYS IT!
It's not registered until it's bought!:lol

 

[SYCO GT]

white/blue should not be that difficult to find.

looks nice too.

 

[KMCBOSS]

You can find the warranty start date for your GT on the FORD.COM website.