FORD GT question


G

gtforme

GT Owner
Apr 12, 2009
348
Guys

I was just siitting here on New Years eve watching a Barrett Jackson re-run and was wondering with all the wealth of information on this forum and the amount of guys that do own collector cars I was just wondering what your true opinions are towards the thought of a GT becoming a true collector car , removing the emotion of actually owning one of these beauties

Everty time I here this topic discussed by non-GT owners they almost all say there were to many GTs made (4038) for them to be ever a colllector car , Based on the amount of them that I have seen on the road in the last 6 years I would think there were only a couple made , also based on the current resale value taking into account the major depreciation years of past I would certainly think they are destined to become collectable

Being an GT owner I drive my car and did not buy it to make money or have it be a garage queen , I am just curiouis to get the opinions of the guys on this forum

Thanks and Happy New Year
 
The FGT will appreciate more, or depreciate less than any other car made within the last 20 years in numbers greater than 4000. Will it materially fund your retirement? I seriously doubt it.
 
Art won't fund my retirement either, at least not one piece...but it would be part of a more diversified portfolio. My business will fund my retirement.

I believe these cars will escalate in value dramatically - I also believe that they will be collector valuables, hence why I bought the 2nd one to sit in dead storage for many years to come. If it goes to 3-400K in the next 5-7 years, which I believe a no-mileage GT will...I've gotten a 100% ROI, and I get to drive one and look at them both whenever I please.

4038 made, but not nearly as many left...every year we lose a few more. Those number will eventually drop to under 2K units left...sadly.
 
FBA said:
If it goes to 3-400K in the next 5-7 years, which I believe a no-mileage GT will...I've gotten a 100% ROI, and I get to drive one and look at them both whenever I please.

4038 made, but not nearly as many left...every year we lose a few more. Those number will eventually drop to under 2K units left...sadly.
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I believe a no-mileage car will go over 300K US$ in within 15 years, but adjusted for inflation that number may not be too good and may still be a negative real return.
 
I think GTs will do fine and have done better than most high end cars I have bought. But no one should dillude themselves over the "rarity" of a 4000 plus car. There are still plenty of 53 Vettes out there (about 300 made) and 92 Vipers (285 made)

GTs will be plentiful long after all of us are gone.
 
GTdrummer said:
I think GTs will do fine and have done better than most high end cars I have bought. But no one should dillude themselves over the "rarity" of a 4000 plus car. There are still plenty of 53 Vettes out there (about 300 made) and 92 Vipers (285 made)

GTs will be plentiful long after all of us are gone.
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I was thinking the same thing. It's relatively easy to rebuild a car from the VIN, up. At its simplest, Value=Demand/Supply Given the beauty and power of the GT, I suspect that demand will remain (who doesn't want a Ford GT?), then supply becomes the big factor. We may loose a few to junkyards but I expect many more to disappear into 50+ car collections that never see the light of day.

Its one of the best investments I ever, accidentally made. I have no intention of saving mine for the next guy. It will be well loved but driven like a bat outa hell.
 
BlackICE said:
The FGT will appreciate more, or depreciate less than any other car made within the last 20 years in numbers greater than 4000. Will it materially fund your retirement? I seriously doubt it.
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I agree. It's not going to fund my retirement but I will sure have a lot of fun
 
The real investment.The enjoyment you get from driving it!
I couldn't care less what it will be worth in 5,10,20 years from now.
The person who dies with the most mileage wins!
I'm not saving my car for the next guy!
 
Survival rate of modern cars seems to be a lot higher than the Classics we know today. I suspect that too many will/have been placed in collections too.

We could compare it to a 300SL Gullwing ( i think similar numbers build??) Bought new and used hard unlike most FGT's.....still quite a few around.

Values down to supply and demand like everything.
 
about 7 yrs ago, a good friend who is a car collector suggested I buy a 300sl when prices were around $250-300k for a number 2 condition car. Of course, like most things I chose not to buy, the same car would be $600k or so now. Crazy and hard to predict.

Viper said:
Survival rate of modern cars seems to be a lot higher than the Classics we know today. I suspect that too many will/have been placed in collections too.

We could compare it to a 300SL Gullwing ( i think similar numbers build??) Bought new and used hard unlike most FGT's.....still quite a few around.

Values down to supply and demand like everything.
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I hesitate to go here again...but...

About 3,733 SS-454 Chevelle option packages were ordered/sold in 1970. I don't believe anyone knows how many of those were ordered with the LS6/450 option. In any event, my LS6 SS cost me $4,500 in 1970. In 1973, I opined that the car would be worth $100K by the year 2000. That was just my 'gut feeling'. No science involved. In December of 1999, the present owner of my car called me (tracing the car back to the origional owner). He told me he'd bought my car a month prior...for $100,000. 'Last I heard (around '07 or so), LS6s were going for around $115K. 'Don't know what effect the subsequent recession has had.

I came to that $100K figure by multiplying the purchase price by 20 and rounding it off. No science involved, just 'gut'.

About 4 years ago, when the SAME question about the future value of the FGT was brought up here, I made the mistake of suggesting that we'd see a pristine, very looooow mile (to me that means 100 or less...500 max), STOCK, never modded, no stories, no chips, no dents, no repaint (etc., etc.), 'origional everything', perfect FGT (I was thinking Heritage, but I didn't say so at the time), selling for around $500K in 20-25 years or so...a figure I arrived at by simply multipling the FGT's $167K average sticker price by THREE (for various reasons)...not 20...and rounding it off. That was ALSO just my gut feeling based on the FGT's "sticker" and what I 'figgered' the survival rate for a 550 h.p. supercar would likely be, with some "inflation" thrown in as well. No real science involved...just 'gut'. I subsequently go my head handed to me for making that prediction.

I probably won't be around to gloat 20+ years from now, but, I'm still of the opinion that those of you who ARE will see $500K "pristine" GT sales around that time. But, if one figures in the costs involved in storing/maintaining/insuring the car, inflation, likely devaluation of the dollar, etc., that $500K will likely mean the car just 'held it's origional value' and nothing more. Many other "investments" will have done faaaaaar 'more gooder'.

Now the "usual suspects" can flame away...
 
Well, if you breakdown the actual cost for say 20 years...you'd have something like this:

Insurance - 3k/yr (fire/theft only)...on the high side, but factor in increases - so that's 60K over 20 years.

Maint costs - 1k/yr seems more than enough if the car is never driven - so add 20k for 20 years.

Total is 85k - add to original cost - say that was 200k so you get 285k.

Now - say we take that 285k and invest it in the market for an average of 4% compounded annually, because it likely won't be much more ROI than that. 4-5% these days is excellent ROI if one can get t.

Now, that 285k would be worth about $624,470 over 20 years - and then, you have to pay capital gains or income tax on that...as opposed to the above mentioned 500K in the same time where there's no capital gains. That brings it down by something over 200K in total if you're in the 50% tax bracket (Canada).

I feel 500k in 20 years is low too...I think much closer to 800-900k, personally...just my .02 worth, but I just put my money where my mouth is...so we'll see -

Can I do better as an investment? Yes I can and I do, in my real estate for example - though in the US these days, that's perhaps not the best example in some places, but I have done well. My business is a far better investment, but it has it's cyclical ups /downs and obvious inherent risks...and I work that investment, so it's not purely an investment.

I believe that a properly managed portfolio consists of various investment instruments...which will vary from one folio to another. I like diversity in my portfolio as in my business.

I'd rather see my GT in the garage each day and smile - than stock certificates and paper showing my profits...

All that being said, I'm with Empty Pockets on this.
 
My 2 cents is that the GT will probably be a blue chip collectable. It has fantastic looks and fairly limited production which are major factors in determining collectability. I think that a comparison with the 60s musclecars is apples and oranges because those cars were the performance benchmark for over 20 years. The cars of today are getting faster and more powerful every year. The other factor is if Ford decides to build another GT in a few years, that could hurt the values. In the end it all comes down to supply and demand.
 
:agree: with EP!
 
FBA said:
Well, if you breakdown the actual cost for say 20 years...you'd have something like this:

Insurance - 3k/yr (fire/theft only)...on the high side, but factor in increases - so that's 60K over 20 years.

Maint costs - 1k/yr seems more than enough if the car is never driven - so add 20k for 20 years.

Total is 85k - add to original cost - say that was 200k so you get 285k.

Now - say we take that 285k and invest it in the market for an average of 4% compounded annually, because it likely won't be much more ROI than that. 4-5% these days is excellent ROI if one can get t.

Now, that 285k would be worth about $624,470 over 20 years - and then, you have to pay capital gains or income tax on that...as opposed to the above mentioned 500K in the same time where there's no capital gains. That brings it down by something over 200K in total if you're in the 50% tax bracket (Canada).

I feel 500k in 20 years is low too...I think much closer to 800-900k, personally...just my .02 worth, but I just put my money where my mouth is...so we'll see -

Can I do better as an investment? Yes I can and I do, in my real estate for example - though in the US these days, that's perhaps not the best example in some places, but I have done well. My business is a far better investment, but it has it's cyclical ups /downs and obvious inherent risks...and I work that investment, so it's not purely an investment.

I believe that a properly managed portfolio consists of various investment instruments...which will vary from one folio to another. I like diversity in my portfolio as in my business.

I'd rather see my GT in the garage each day and smile - than stock certificates and paper showing my profits...

All that being said, I'm with Empty Pockets on this.
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I think we in Canada would still have to pay capital gains on the gains of a car? I had a conversation with my accountant on this prior to the purchase on my fgt.
If that is the case, your above numbers would change.
Just saying.
I didn't buy the car for an investment. But it would be a bonus to be able to recapture my $ after 20-30years of use.
 
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I don't think a car counts as capital gains. I will check, but somehow I think it isn't a capital gains instrument.
 
I already know that if you have your GT as a monetary investment only you are mistaken. There are other ways to make more money unless the value of looking at at it is priceless. Cars are meant to be driven & the GT is meant to be driven hard for pure enjoyment & excitement. It was not made made for storage & resale. Go out & have some fun - life is too short!

Ed

PS Right on Roketman!
 
It is if you have 2...and is the reason I bought the 2nd one, as per my earlier post in this thread.
 
FBA said:
It is if you have 2...and is the reason I bought the 2nd one, as per my earlier post in this thread.
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+1
 
Like many on here I bought my GT cos I love them and if it goes up in value then that's a bonus

However....looking at it in the garage is driving me mad. Here in the UK if the roads aren't covered in salt they're wet and dirty. So I'm now torn....do I just polish it all year or should I go out and enjoy it and to hell with the fact that's it might be getting dirty and chipped.
 
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