05 GT on MSO at Mecum Auction

[KennethClay]

Please post the sale price (with and without buyer premium). Will be an interesting data point.

 

[PILOTJPW1]

Ok, I will put this to rest for you guys. Here is how it works. MSO or having a TITLE has absolutely nothing to do with warranty, PERIOD! End of story. The way warranty works, is every dealer that sells any type of vehicle with a warranty, does a thing called "warranty register". Basically this means, that when a dealer marks a vehicle as "SOLD" in his inventory, this is when the warranty starts clicking. Why anyone has ever thought that simply because a vehicle was never titled and is or isn't still on an MSO means the cars warranty has never started is beyond me. If this was the case, there would be tons of people across the world that would buy vehicles and never title them and have endless warranties for ever. Also, the comment that twobjshelbys made about customers not supposed to be receiving an MSO is also incorrect. Every NEW vehicle is sold on an MSO. Wether the selling dealer goes to the DMV and licenses and titles the vehicle for the buyer is between the buyer and the dealer, but it is perfectly, 100% legal to give a customer a bill of sale and an MSO to a vehicle at time of purchase. What is NOT legal (per new car dealer laws) is to give a customer an "open" or "blank" MSO. Hope this clears this up and helps avoid further confusion. Now, for the guys that say they bought a Ford GT in the last couple years and received a full warranty, that is because they bought the cars from the original selling FORD dealers which had never been sold to a retail customer thus the warranties had never started until they were sold to the current owners.

As said before there are Federal laws, state laws, franchise laws and or policies regarding these things and they are different for all of us in the car business.
In our state my new car dealership is required to collect tax money for the state customer lives in. Then we issue a check to that states DMV and give assigned MSO or Certificate of Origin and check to customer to go to his DMV to complete title work.

Warranty start dates are reported to Ford by Ford dealers, when we sell a vehicle for the first time. But, I have seen cases where warranty dates are started by the factory even if a vehicle has never been sold but been in inventory for years. Which makes perfect sense to me.


The other thing to be aware of is our vehicles have warranties for the U.S. and they are not valid in other countries. I have run across that problem a couple times in the past.


As for the guys who bought GT's in the past year or two and think there warranty is legit, I question that. The GT is not a ordinary vehicle as we all know.
Maybe the selling dealer is honoring it. Its possible Ford made some exemption. I would want confirmation from Ford for sure, before I put in a warranty repair claim.

As said before different make's have different rules.

 

[gtforme]

What was the sale price ??

 

[Wwabbit]

My cat is still on its MSO. Where is this thread going and what happened with the dang car?

 

[dbk]

It says it's scheduled to be sold on Saturday, so unless someone has access to time travel, we're gonna have to wait!

 

[Vince H]

It says it's scheduled to be sold on Saturday, so unless someone has access to time travel, we're gonna have to wait!

Classic. Almost spit my mouth full of water out reading this DBK. Thanks for that.

Vince H

 

[w. mitty]

I'm on 'da plane headed to the Mecum event. While I'm not a bidder on the car, I'll be happy to give it the ol' super critical once over. I'll give you all my full report. I've learned that auction numbers can be deceiving without an honest condition report to accompany them.

Stay tuned...

 

[SBR]

w. mitty, I'll be there too. Any luck in finding a midyear Corvette? Maybe we'll run into each other. I am guessing that the car will bring 195/200K plus fees which is 6%

 

[w. mitty]

SBR, yes, I found an awesome 67 427/435 Coupe, Duntov, Triple Crown, 26,000 miles. I think I've got pics of it on here somewhere...watch for me at the auction; I'll be the guy with the pretty wife that won't let him buy anything.

I think you are right on regarding price.

 

[GT35065]

I was there this last Sunday. The GT looked perfect from what I could tell. It will be interesting to see what it brings. They do have a lot of really nice cars there. One thing that was fun for me to see was six or seven Sunbeam Tiger's, an example of which I have not seen in ages. Some of them were pristine. I looked up values on these and it looks like you could buy a nice one in the $45-50,000 range. I would love to drive one, talk about a small car with a V8 in it. They make an AC Cobra look large. If I'm not mistaken, didn't Shelby do this car before the AC, or was it about the same time.

On a side note, the prices on nice cars that I saw go through the auction were quite strong.

 

[SBR]

SBR, yes, I found an awesome 67 427/435 Coupe, Duntov, Triple Crown, 26,000 miles. I think I've got pics of it on here somewhere...watch for me at the auction; I'll be the guy with the pretty wife that won't let him buy anything.

I think you are right on regarding price.

Congrats on your 67 Vette, it sounds like a great car, I'll be the guy crawling all over the blue 8k mile 67 435 and the red 68 L88.

 

[Sinovac]

The Tigers are very nice and have really gained in value recently. Did you get a chance to see this one? Wild ride for sure.
http://www.mecum.com/auctions/lot_detail.cfm?CFGRIDKEY=FL0113-143524

I was there this last Sunday. The GT looked perfect from what I could tell. It will be interesting to see what it brings. They do have a lot of really nice cars there. One thing that was fun for me to see was six or seven Sunbeam Tiger's, an example of which I have not seen in ages. Some of them were pristine. I looked up values on these and it looks like you could buy a nice one in the $45-50,000 range. I would love to drive one, talk about a small car with a V8 in it. They make an AC Cobra look large. If I'm not mistaken, didn't Shelby do this car before the AC, or was it about the same time.

On a side note, the prices on nice cars that I saw go through the auction were quite strong.

 

[GT35065]

Did not see that one, but there were several really nice ones that had just had full on restorations.

 

[AHudson]

The last few GT's through the B.J. and Mecum have brought a little less than perceived market value. It will be interesting what this one brings. At the high estimate 250k + fees
seems high but you never know in an auction. My uniformed guess is 195 k + fees.

I'd have certainly agreed with that until having gone to Russo Steele where an '06 Tungsten 4 option car with 3,800 miles brought $206,250. ( 'Twin' to my car in color/options). I was there looking through the tents, and it sat unadorned, unfeatured, among the many rows of muscle cars and resto-mods. It appeared to be essentially flawless.

http://www.russoandsteele.com/index.php/car-search?search_text=ford+gt&auction_pk=71

So I'll assume the Mecum car would bring more than this recent comparable. Will be interesting to watch.

 

[GKW05GT]

It is always entertaing when you get 2 bidders with more money than good sense.

 

[Specracer]

Like for a Batmobile?

It is always entertaing when you get 2 bidders with more money than good sense.

 

[w. mitty]

*UPDATE*

I looked this car over today in person. It appears to be flawless, and essentially a new car. The engine bay appeared untouched; plenty of oxidation on the rubber and aluminum parts. However, I would prefer that the engine bay be undetailed, as it gives a more accurate indication of actual condition. The car appeared to have a Ford Racing exhaust. The only nit pic I could find on the entire car was some very, very light ingress/egress wear on the seat bolster, but nothing that a detail guy couldn't set right in about ten seconds.

So, I think this car may be a good barometer of fair market value of a no story, prime condition car (to the extent an auction can deliver an indication of FMV, which is the subject of heated debate...)

 

[dbk]

So, I think this car may be a good barometer of fair market value of a no story, prime condition car (to the extent an auction can deliver an indication of FMV, which is the subject of heated debate...)

I would be very, very surprised if it brought anything but the high end of the estimate (after fees). I think much of the appearance of "GT-mania" is driven by dealers asking unrealistic prices for GTs that aren't on the higher end of the desirability scale, but very low mileage excellent condition GTs are bringing what many people would have termed insane money a few years ago. I roll my eyes when I see someone asking $225k for a red car with 6,000 miles, but I've seen non-Heritage, very low mile MSO cars sell in that general ballpark recently. Being not all that far removed from a time when only Heritage cars cracked $200k, it's pretty eye-popping. I don't know how long this trend can sustain, but as long as GTs represent a tangible, reasonably safe "investment", I think they will at worst hover in the same area.

Of course, watch, nobody will notice it go across and it will sell for $150k.

 

[paul b]

The dollar is down, if stories you hear about the new rich in China and Russia are true, it would be interesting to see if a phone bid wins.

 

[2112]

We are seeing a run up on Wall street that may not be fully supported by economic conditions and in many opinion writers opinion, not sustainable.

Are we seeing a Bubble in cars too? Tho the FGT is a dramatic example, there are a lot of cars shooting up in asking and auction prices.

Just wondering out loud.