GT 350 R LONG TERM VALUE

[PP0001]

Mike,

Please stop arguing with the guy driving a Nissan Altima and has admitted he doesn't know how eBay works. You and I have had several calls about both of our collections. As you mentioned, if it doesn't sell, you will be good either way. Honestly, I hope for your sake the reserve isn't met because I know you will regret it later.

And to the others that doubt Mike's thoughts regarding values of number 1's, I was offered 250K from someone that I knew had the means a few days after I bought the car and I said no without hesitation.

Mike is incorrect about one thing however, if someone offered me 400K for my car, it would still be a fast, hard no. Why? Because I don't need to sell it, I LOVE IT, and that's pretty much it.

The value of anything is based on what two people agree, the person selling and the person buying. If you aren't a buyer for what Mike is asking, ok... Your opinion no longer matters. The only person who's opinion matters at this point is Mike's and whoever has as much or more money than Mike wants for it and is willing to give if for Mike's car.

The fact of the matter is, I have a 2015 GT350 and this 2020 GT350R. With the changes made the last two years, I would say my 2015 will be the first car to go easily. Absolutely everything is better about the 2020 GT350R. I've owned a LOT of special cars in the past and I've never enjoyed any car more than this one.

Appreciate all of our previous conversations and your present comments and certainly agree with you that the 2020 GT350R is the very best GT350 produced over the 6 model years when it comes to steering, chassis, suspension and brakes.

Having said that the quality of build for the 2020's IMO is certainly not up to par compared to my previous GT350/R's but that is another story for another time.

Do you drive "LR001" much and if so how many miles do you have on this very cool car?

Like you I own a 2015, 2018 Base R and a 2020 HEP R therefore suggest that I have a good feel for these cars as well and in fact sold my other 2015 GT350 just 7 months ago after owning it for 5 years.

Based on the perceived present value for "LR001" (Red Badge Car) which was built last September I would like your comments and opinion as to potential values for all of the first R models built for each of the prior 4 MY's namely "GR001, HR001, JR001 and KR001"?

I have attached a picture of HR001 (Jamal Hameedi's Base R model) which is a car that I was going to purchase after it was sold at Manheim in Detroit ~3 years ago to a dealership in Indiana who advertised it as being car #3 based on the VIN ending in "H5200003" and obviously had no idea that it was actually #1 car.

After some deliberation I called a very good friend of mine and suggested that he purchase it which he did and assured him that it was car #1.

I made it very clear for my buddy to not encourage the dealership to look at the chassis plate which would confirm that they had in fact the #1 car and not the #3 car as they had thought with my buddy very nervous as to what he had just purchased sight unseen with respect to the unconfirmed chassis plate number.

In your opinion is LR001 (Red Badge/September car) worth more or less than the first R's built for the 4 previous model years (2016, 2017, 2018, 2019) or about the same and of course we don't need to include your cool HEP R namely "LR001" or "F0001" which of course is in a class of it's own?

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[Tomster]

I will throw my 2 cents in and offer my thoughts on the matter. I feel historical significance would lie in the first and the last. For example, the first '15 to roll off the line and the last '20 to roll off the line. The rest in my humble opinion is just a topic of conversation.

Another example, I bought what I believed at the time to be the last base R produced. It wound up being the second to last base R, so not significant. The dealership had no idea what they had, and after I signed the MSRP paperwork, I indicated that the car was 1 of 135 and possibly the last base produced. Lets just say they were not happy with letting the car go like that.

I don't know who has the first GT350R and the last, but I believe those cars were retained by the Ford family. And that is what I speak of. If the Ford family makes it a point to have those two cars, they are historically significant.

From a collectors standpoint, I really don't know if the first of a particular model year is really that important. If that was combined with other factors like who owned the car, like in the instance of Jamal Hameedi, I would put value on that. There were a few '20 TT Rs that got out and to me they would be significant from the perspective of rarity. I reached out to FP pertaining to the subject and it was confirmed that very few of the TT cars are ever sold and able to be owned by us common folk. The two TT cars were probably used as press cars, so I was told.

I think time will tell. Any GT350R that has 001 on its chassis plate will have desire because it is an interesting moment in time that certainly enthusiasts will find interesting. In the example of the eBay listing with a buy it now for $300K? That isn't going to happen anytime soon.

These are just my thoughts as an enthusiast applying common sense towards values and significance. I would like to hear what true collectors think who go to the auctions and how these cars will appreciate realistically over time.

 

[svassh]

Good luck to the seller, it's a cool number to have. However if the only thing making it different from other 2020 Rs is the plate it seems a bit oversold.

But hey I hope the value of all GT350s continues to increase but I don't treat mine as an investment. Life is too short to just look at it.

 

[lenFeb]

I'm not specialist on this topic by any stretch of imagination. I can apply logic to future of GT350/R values. My logic is that, why so many GT350/R are in the auctions in recent days offered by collectors(Mecum alone sold 10 cars in 2021)? IMO it's because value of these cars are not as significant as may predicted in the future. I may be wrong, only time will tell.

 

[stanglife]

I think it would be cool to have 007 ;)

 

[stanglife]

I'm not specialist on this topic by any stretch of imagination. I can apply logic to future of GT350/R values. My logic is that, why so many GT350/R are in the actions in recent days offered by collectors(Mecum alone sold 10 cars in 2021)? IMO it's because value of these cars are not as significant as may predicted in the future. I may be wrong, only time will tell.

I think it could be due to similar sentiment seen on the forum by a percentage of people. Dealers and new owners thought it would be a quick investment value. Most of us didn't think that would happen overnight, if at all. I think after a short time, they see X# of people selling their Rs like normal Mustang sellers do...and determined that their short-term investment hopes might not be realized...so time to sell. Like most cars that eventually (potentially) increase in value, they frequently take a dip first...some people have more of an appetite for that than others.

 

[JR369]

I think my Chassis tag is the best to be honest because it's in multiples of 3. Here's why I believe this:


The number 3 represents, among other things, the first stable base. It takes at least three points to keep something from tipping over. Examples are a tripod and a 3-legged stool.

Many stable couples have at least one additional companion – a pet, a child, an intimate friend, a strong identification with a group or belief system, a business that's a big part of their lifes – something to stabilize the 2-person partnership.

3, 6, and 9 are the numbers of the three numerology triads. The first triad is 3 (1-2-3), the second 6 (4-5-6), and the third 9 (7-8-9).

The essence of the number 3 is inspirational, tolerant, optimistic, and has lots of creative expression.

The essence of the number 6 is idealistic, home and family oriented, and requires harmony for a peaceful existence.

The essence of the number 9 is idealistic, tolerant, compassionate, and a humanitarian.

Unlike the other guy, I WILL take $400k for it.

 

[Tomster]

I really would like to hear what Harry has to say about values moving forward. 5 years? 10 years? 20 years?

I don't have enough experience in this field to really have an educated opinion. I am just a layman applying common sense.

 

[lenFeb]

I think my Chassis tag is the best to be honest because it's in multiples of 3. Here's why I believe this:
The number 3 represents, among other things, the first stable base. It takes at least three points to keep something from tipping over. Examples are a tripod and a 3-legged stool.
Unlike the other guy, I WILL take $400k for it.

You forgot two other significands: grand piano and three legged dog. These two should bump up the price to $650K.

 

[Johnnydarkgt350]

I think my Chassis tag is the best to be honest because it's in multiples of 3. Here's why I believe this:


The number 3 represents, among other things, the first stable base. It takes at least three points to keep something from tipping over. Examples are a tripod and a 3-legged stool.

Many stable couples have at least one additional companion – a pet, a child, an intimate friend, a strong identification with a group or belief system, a business that's a big part of their lifes – something to stabilize the 2-person partnership.

3, 6, and 9 are the numbers of the three numerology triads. The first triad is 3 (1-2-3), the second 6 (4-5-6), and the third 9 (7-8-9).

The essence of the number 3 is inspirational, tolerant, optimistic, and has lots of creative expression.

The essence of the number 6 is idealistic, home and family oriented, and requires harmony for a peaceful existence.

The essence of the number 9 is idealistic, tolerant, compassionate, and a humanitarian.

Unlike the other guy, I WILL take $400k for it.

Can we do anything with 11?

 

[Johnnydarkgt350]

I really would like to hear what Harry has to say about values moving forward. 5 years? 10 years? 20 years?

I don't have enough experience in this field to really have an educated opinion. I am just a layman applying common sense.

Tom , I totally agree with you that Harry would have some good insight as would you. I just had a thought as history repeats itself ,if we could go back to the archives of previous high performance timeline mustangs . what has been their history?

 

[Tomster]

Tom , I totally agree with you that Harry would have some good insight as would you. I just had a thought as history repeats itself ,if we could go back to the archives of previous high performance timeline mustangs . what has been their history?

Any 001 R would have significant interest. Heck, I'd love to have it. It would be interesting what the market brings.

 

[JR369]

Can we do anything with 11?

The number 11 is a Master Number which means that it resonates at an extremely high vibration. If the number 11 is about leadership, optimism, positivity, and initiative, Master Number 11 multiplies these attributes to a higher power. Master Number 11 is associated with spiritual illumination and our 'inner teacher".

 

[Tomster]

The number 11 is a Master Number which means that it resonates at an extremely high vibration. If the number 11 is about leadership, optimism, positivity, and initiative, Master Number 11 multiplies these attributes to a higher power. Master Number 11 is associated with spiritual illumination and our 'inner teacher".

Thanks Mau. That was funny....

Nothing like a little GT350R fung shui

 

[Sdsaathoff]

Appreciate all of our previous conversations and your present comments and certainly agree with you that the 2020 GT350R is the very best GT350 produced over the 6 model years when it comes to steering, chassis, suspension and brakes.

Having said that the quality of build for the 2020's IMO is certainly not up to par compared to my previous GT350/R's but that is another story for another time.

Do you drive "LR001" much and if so how many miles do you have on this very cool car?

Like you I own a 2015, 2018 Base R and a 2020 HEP R therefore suggest that I have a good feel for these cars as well and in fact sold my other 2015 GT350 just 7 months ago after owning it for 5 years.

Based on the perceived present value for "LR001" (Red Badge Car) which was built last September I would like your comments and opinion as to potential values for all of the first R models built for each of the prior 4 MY's namely "GR001, HR001, JR001 and KR001"?

I have attached a picture of HR001 (Jamal Hameedi's Base R model) which is a car that I was going to purchase after it was sold at Manheim in Detroit ~3 years ago to a dealership in Indiana who advertised it as being car #3 based on the VIN ending in "H5200003" and obviously had no idea that it was actually #1 car.

After some deliberation I called a very good friend of mine and suggested that he purchase it which he did and assured him that it was car #1.

I made it very clear for my buddy to not encourage the dealership to look at the chassis plate which would confirm that they had in fact the #1 car and not the #3 car as they had thought with my buddy very nervous as to what he had just purchased sight unseen with respect to the unconfirmed chassis plate number.

In your opinion is LR001 (Red Badge/September car) worth more or less than the first R's built for the 4 previous model years (2016, 2017, 2018, 2019) or about the same and of course we don't need to include your cool HEP R namely "LR001" or "F0001" which of course is in a class of it's own?

Congratulations to your friend. Hameedi should have kept his. After all the serial started with the initial of his family name!

We can speculate all we want, but we won't know until Mike sells his car. I spoke to him today. He had a very interesting offer and pulled it from eBay. We will all hear the results in the next few months so everyone can stop criticizing other people's cars.

You do have a lot more experience than I do. All I can say is when I went from my 2014 GT500 to my 2015 GT350, I thought the 350 drove like a dream. I heard the 350R's were rough as hell, but I swap between the 350 and 2020 R from time to time and the 350R just feels a lot smoother and nimble. My 15 is also a track pack so it lacks the comforts of the tech pack that I have on the 2020.

In the end, I've owned several 60's Mustangs, including a 66 GT350 with a prototype supercharger, a 95 GT Convertible, a 2003 Mach 1, two GT500's and the two newer 350's. If I could only pick one to drive every day for the rest of my life, it would be the 2020 GT350R. (The 66 is amazing, but it beats you like nothing I've ever experienced. Especially in the Louisiana heat/humidity...)

Oh, and I currently have less than 500, but over 400 miles on it and I've had it for almost a year. My 2015 has less than 1,400 miles on it. I drive it enough to keep everything running smoothly.

Regarding the values of #1 cars, well, as someone mentioned, there is a hell of a lot of evidence that the 1st of any new model sports car is worth more than any other, unless it's Ken Miles car, then serial #3 is king! Having said that, people collect #1's in anything. Bottles of bourbon, comic books, cars, watches, motorcycles, guns, currency, and anything else you can imagine. It is clearly not for the majority of the people commenting on this forum, but to say it's insignificant only shows their value lies more in the car itself rather than the specifics that ultra high-end collectors look at. This is good because everyone should enjoy what they have/want and a non-serial #1 of anything will always be more obtainable

I mean, Lexus put a different paint color on a convertible LC500, slapped a serial #1 on it and got $2 Mil for it. It wasn't even the first LC500. And as a Lexus, there is no racing history/nostalgia that comes with the Shelby/Ford brands.

I'll put it another way. If anyone has any serial #1 cars that they want to sell for the average price that any other car sells for of the same model year, let me know and I'll take it off your hands for cheap. I'd pay 50K for the first 2014 GT500 as an example, or 40k for 2013 Boss 302 Serial #1, or even 60K for serial #1 of the 2000 Cobra R, since they made a 93, 95, and 2000 year model, so the last #1 should be the worth what a regular one is.

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