Salvage Re-Built FORD GT Value?


V

ve4mm

Member
Sep 9, 2008
15
Winnipeg
I am looking to buy a Ford GT.

There is a re-built one on eBay for $99K.

Is that about the going rate these days?

Are these cars a good buy?

Any comments would be appreciated.

Tnx!

Mike
 
I think generally a bad idea. If at all possible, I'd spend the extra money and get a solid, no stories car.
 
It is a gamble with a salvaged title but you already know that.
 
Fubar said:
It is a gamble with a salvaged title but you already know that.
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OK.....it is from X2Scott...............does that make a difference?

I am in Canada and our dollar it still 10% lower than the greenback. A clean car would be $50,000.00 more in Canadian dollars.

MM
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Ok, you got a salvage title, 9k mile, with a bad repaint. If the seller is giving the paint quality a 7 out of 10, I am willing to bet it's worse than that. I would pass...
 
Ask yourself this question. Who would buy a salvaged exotic when you are done with it? Would you buy a salvaged Ferrari? For $25K more I bet you could find a clean high mileage GT with no stories. You would have to settle for a Black no tripe car though as the Red ones are the most popular.
 
ve4mm said:
I am looking to buy a Ford GT.

There is a re-built one on eBay for $99K.

Is that about the going rate these days?

Are these cars a good buy?

Any comments would be appreciated.

Tnx!

Mike
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Remember these two old sayings? "If it sounds to too good to be true", and, "You get what you PAY for"?

Unless you're just going to use it as a "track car," I'd pass on it. Seriously.

Taking what Shelby said a step further - if the rebuilder gave it a 7 out of 10 paint job, what do you suppose he did as far as the quality of the repairs in all the places you CANNOT see??? :cheers
 
HHGT said:
You would have to settle for a Black no tripe car though as the Red ones are the most popular.
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Red is the most plentiful color, not the most popular. By sales figures BMWs are more popular than a FGT!
 
BlackICE said:
Red is the most plentiful color, not the most popular. By sales figures BMWs are more popular than a FGT!
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Only if the BMW is parked outside the GART station - Gay Area Rapid Transit:ack
 
Just an option here...but I would part with my rare silver no-stripe car (dealer added black stripes) with 4K miles, never wrecked for $145K. Not TRYING to sell, just WOULD sell.:cheers
 
ve4mm, I live very close to Scott and X2 Collision. I take all my bodywork there. They do excellent stuff and I give them an excellent rating. He is a big Viper restorer, well known throughout the US. He has been buying and rebuilding GTs for a couple of years now. If you like, I can go take a look at it, or, if you want to fly into St. Louis some weekend when I'm home, I'll run you up there for a looksee. Post your answer here. Frank
 
The only way You could even consider a salvage title would be if you had the GT guys look at it,access it, repair it.
 
Dumb question. One buys a salvaged titled, repaired car. How is it insured, or can it be insured for road use (without the title washing nonsense that less scrupulous dealers employ)? Let's say the buyer gets the car of his dreams (albeit a salvaged one) for $100,000. Does the insurance co offer coverage based on that price? And what happens if the owner totals the car again?
I used to think that salvage cars would make sense for someone who wanted to race a GT instead of taking a clean car and abusing it. With the price differential that I'm seeing now, I don't think that makes sense.
 
djs said:
Dumb question. One buys a salvaged titled, repaired car. How is it insured, or can it be insured for road use (without the title washing nonsense that less scrupulous dealers employ)? Let's say the buyer gets the car of his dreams (albeit a salvaged one) for $100,000. Does the insurance co offer coverage based on that price? And what happens if the owner totals the car again?
I used to think that salvage cars would make sense for someone who wanted to race a GT instead of taking a clean car and abusing it. With the price differential that I'm seeing now, I don't think that makes sense.
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Not a dumb question. Most people have never dealt with buying or insuring a salvaged vehicle. I recently did. My insurance company never asked for a copy of the title, only a copy of the registration which does not mention the salvage status. I asked my insurance agent what would happen if I made a total loss claim and was told that the adjuster would take the salvage title into account and adjust the payout according to market value for a comparable salvage vehicle. My premium cost was the same as a clean title vehicle however.
 
You gotta ask yourself what are you 'buying' with that "savings"....

If its $50K your savings......look around and see where you can "earn" that savings

ie,

-sell other generic cars, bikes, toys you own
-cut back on luxuries that have lower bang for buck
-buy a beat/high mileage GT for maybe $35K over salvage....
-Borrow; some exotic-car lenders/lessors might do this


In the final analysis you'll find that what stands between you and a nice GT is the value of a camry or less
 
Bony always said there was no problem if it was fixed right.
 
a salvaged car rebuilt right is never an issue ... but one must consider its intended use. If you expect to get high value later in life ...not going to happen unless its the last one around and like Bony use to say these cars will never be high dollar cuz they made too many of them.

But if you want a car that you can drive, track and just generally enjoy for what it is .... then a salvage title has no bearing. Factually, if you owned two or where so inclined to buy two. Buy one low mileage car to enjoy and polish and then a correctly repaired salvage to drive the doors off of. Best of both worlds.
 
+1
 
+1

Larry
 
I wouldn't buy a salvage rebuilt GT unless it was rebuilt by The GT Guys. Period.
 
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