Newbie (well almost) - looking for advice

[Raffro]

I'm currently in the hunt for a low mileage 2020 R. I've seen prices all over the place - most expensive seem to be the HEs (which I don't understand but whatever). As for the non-HEs - what are the main drivers behind prices for the R? Of course mileage, condition, and history are important - but what else is key to these? And for the most subjective question - what's a fair ballpark price for one of these (as explained above)?

Yes this is my first post, but I'm not new to forums. I've owned Audis, Porsches, Trucks, performance sedans, etc. and consider myself an avid "car guy". My only mustang however was a 1980 inline 6 rusty POS, so I'm looking to "make amends"!

Thanks all! I look forward to participating over here.

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[Inthehighdesert]

Here you go. They didn’t produce many 20/350r’s.

https://bringatrailer.com/search/?s=Shelby+gt350

 

[Raffro]

Here you go. They didn’t produce many 20/350r’s.

https://bringatrailer.com/search/?s=Shelby+gt350

Yes thanks for that. This is one of the resources I used, and I get that BaT always brings a premium, but prices are all over the place. Seems low to mid 80k range for a low mileage unit right now. Maybe it ticks up in a few months but 2024 will be a tough one economically (election year).

It hasn't been easy pricing these. Last model year and arguably the best "screwed together".

 

[Inthehighdesert]

I haven’t seen a 20R with low miles in the low 80’s, not that it doesn’t exist. BAT or not these cars hold there value very well. Best of luck using the economy, election year, etc. as a negotiating tool. There’s a reason why so many with these cars aren’t turning lose of them and when they do there not bargains. Generally speaking these cars aren’t in the hands of people with little financial sense nor long term perspective. They are fantastic cars and not much to compare them to.

Yes thanks for that. This is one of the resources I used, and I get that BaT always brings a premium, but prices are all over the place. Seems low to mid 80k range for a low mileage unit right now. Maybe it ticks up in a few months but 2024 will be a tough one economically (election year).

It hasn't been easy pricing these. Last model year and arguably the best "screwed together".

 

[Raffro]

I haven’t seen a 20R with low miles in the low 80’s, not that it doesn’t exist. BAT or not these cars hold there value very well. Best of luck using the economy, election year, etc. as a negotiating tool. There’s a reason why so many with these cars aren’t turning lose of them and when they do there not bargains. Generally speaking these cars aren’t in the hands of people with little financial sense nor long term perspective. They are fantastic cars and not much to compare them to.

The economy most certainly is a factor in pricing. It doesn’t have to be used as a direct negotiating tool but rather is implicit in determining the buy price. So if someone is selling a car, house, Rolex, whatever - it’s impacted by the economy. The economy is driven by a multitude of factors, uncertainty is one of them and in an election year I don’t know of any greater uncertainty than that - for the US at least.

So while the last few years have been great for sellers (pandemic bounce) I don’t think that’s indicative of future sell prices. But there’s always someone with deep pockets….

But to your point I don’t see many in the low 80s either. A few but with questionable history. I also don’t think they’re $100k vehicles either but that’s why I’m here - to learn more about the R market. If an opportunity arises I don’t want to lose out on a good spec.

 

[GAGT350]

The economy most certainly is a factor in pricing. It doesn’t have to be used as a direct negotiating tool but rather is implicit in determining the buy price. So if someone is selling a car, house, Rolex, whatever - it’s impacted by the economy. The economy is driven by a multitude of factors, uncertainty is one of them and in an election year I don’t know of any greater uncertainty than that - for the US at least.

So while the last few years have been great for sellers (pandemic bounce) I don’t think that’s indicative of future sell prices. But there’s always someone with deep pockets….

But to your point I don’t see many in the low 80s either. A few but with questionable history. I also don’t think they’re $100k vehicles either but that’s why I’m here - to learn more about the R market. If an opportunity arises I don’t want to lose out on a good spec.

Look at this site maybe it will help: https://www.classic.com/m/ford/shelby-mustang/3rd-gen/gt350r/

 

[Raffro]

Look at this site maybe it will help: https://www.classic.com/m/ford/shelby-mustang/3rd-gen/gt350r/

Very helpful, thank you.
So the benchmark for what’s presented on the site is mid $80k. That’s about what I was thinking. + / - from there.

The prices for HEs amaze me. Good for the folks who owned early though!! I personally don’t buy into the cars as investments theory but I can see why some do.

 

[Inthehighdesert]

No offense. I’m not interested nor do I need advice on the economy or how it works. I‘ve been self employed my entire adult life, since I was 19. I’ve started and sold several business’s. You’re not the first nor will you be the last to come in and tell us that own these cars there not worth this or that. Basically looking for a deal(which I get) and how what’s going on outside(your view) justifies the price for the car you think it should be. Then there’s reality. It is what it is. What does it tell you when the dealers in the secondary market are buying 20r’s in the 90k range. And there relisted at north of a 100k. No need to answer. I wish you the best in finding a 20r that fits your description. I‘m after another one or a cftp as well, whichever pops up first.

The economy most certainly is a factor in pricing. It doesn’t have to be used as a direct negotiating tool but rather is implicit in determining the buy price. So if someone is selling a car, house, Rolex, whatever - it’s impacted by the economy. The economy is driven by a multitude of factors, uncertainty is one of them and in an election year I don’t know of any greater uncertainty than that - for the US at least.

So while the last few years have been great for sellers (pandemic bounce) I don’t think that’s indicative of future sell prices. But there’s always someone with deep pockets….

But to your point I don’t see many in the low 80s either. A few but with questionable history. I also don’t think they’re $100k vehicles either but that’s why I’m here - to learn more about the R market. If an opportunity arises I don’t want to lose out on a good spec.

 

[passwords]

…and arguably the best "screwed together".

What makes you say that?

 

[Raffro]

No offense. I’m not interested nor do I need advice on the economy or how it works. I‘ve been self employed my entire adult life, since I was 19. I’ve started and sold several business’s. You’re not the first nor will you be the last to come in and tell us that own these cars there not worth this or that. Basically looking for a deal(which I get) and how what’s going on outside(your view) justifies the price for the car you think it should be. Then there’s reality. It is what it is. What does it tell you when the dealers in the secondary market are buying 20r’s in the 90k range. And there relisted at north of a 100k. No need to answer. I wish you the best in finding a 20r that fits your description. I‘m after another one or a cftp as well, whichever pops up first.

That wasn’t my intention. I’m not looking to lecture anyone. I’m also not trying to tell you what your car is worth. Actually it’s the opposite in that I’m trying to learn. I’m just starting my search on these and have a lot to figure out. But I also understand that you being an owner want your asset to be as valuable as possible. I’m the same way - 100%. But ultimately they’re worth what someone is willing to pay not what a dealer is listing for, but this is exactly what I’m looking to find out. No doubt it’s a special car and hopefully has legs in the long run! I do hope to get the best deal I can that’s fair for the buyer and myself. That’s my goal here.

 

[Raffro]

What makes you say that?

Just referring to the changes starting from 2019 into 2020 (drivetrain and suspension).

 

[passwords]

IAs for the non-HEs - what are the main drivers behind prices for the R? Of course mileage, condition, and history are important - but what else is key to these?

About 500 made, so there is not a big pool of them. No track time and low miles will be the main driver beyond that. And with the carbon wheels…some people took them off and sold them to recoup the price of the car.

If you find one in the mid-80s without a sketchy past, I recommend you jump on it. Also, Charlie (@Inthehighdesert) knows what he’s talking about. He may come across a little blunt, but he’s right.

Very helpful, thank you.
So the benchmark for what’s presented on the site is mid $80k. That’s about what I was thinking. + / - from there.

The prices for HEs amaze me. Good for the folks who owned early though!! I personally don’t buy into the cars as investments theory but I can see why some do.

Others here can correct me if my numbers are off, but I believe there were 422 ‘20 Rs built - the non-HE versions. Some had issues early on, many were tracked (some tracked A LOT), and some were driven on the weekends for fun. With that, there are maybe 100 cars that would fit your search criteria.

I wish you luck in your search. I love my ‘19. It won’t be for sale in my lifetime.

 

[Raffro]

About 500 made, so there is not a big pool of them. No track time and low miles will be the main driver beyond that. And with the carbon wheels…some people took them off and sold them to recoup the price of the car.

If you find one in the mid-80s without a sketchy past, I recommend you jump on it.

What are the tell-tale signs that an R has been tracked? Discoloration of the brembos? Slight wave in body panels? They’re built for it so I’m not too worried but I don’t want one that’s beat to death either. missed shifts, etc. I’m not looking for a piece of art either - I drive and enjoy my cars!!

lol, it’s all good - I appreciate Charlie’s, yours, and everyone’s input. This site has a lot of good info.

 

[Inthehighdesert]

Fair enough. It’s all good. Believe it or not I don’t look at my R as an asset. I had a couple buyers that were almost double msrp, but ultimately it wasn’t about the money for me. I had a built 20/350 that I still really miss. I sold that car to buy my 500HE cftp. I just wanted the pair. Before you get wrapped up in the market price’s and if you haven’t already, go drive one and see if it suits you. That could be a blessing or a curse depending on what your perspective is on it. I do completely get the monetary side of this equation. For perspective there’s only two things I’ve ever paid over msrp for in my life. One is my R and the other is my Cftp. I don’t regret either one bit. The unfortunate reality with these cars and the 500’s is most(including myself back then) think there’s more then a few to chose from. The reality is when you start looking with the few stipulations you may have the pool gets real small real quick. But I think you already know that. These are very specisl cars as are the 500’s, which I truly don’t think we’ll ever see the likes of again. Especially the 350R.

That wasn’t my intention. I’m not looking to lecture anyone. I’m also not trying to tell you what your car is worth. Actually it’s the opposite in that I’m trying to learn. I’m just starting my search on these and have a lot to figure out. But I also understand that you being an owner want your asset to be as valuable as possible. I’m the same way - 100%. But ultimately they’re worth what someone is willing to pay not what a dealer is listing for, but this is exactly what I’m looking to find out. No doubt it’s a special car and hopefully has legs in the long run! I do hope to get the best deal I can that’s fair for the buyer and myself. That’s my goal here.

 

[MAGS1]

Pretty much new in the wrapper still

https://www.diamondmotorworks.com/2020-ford-mustang-shelby-gt350r-c-4590.htm

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