GT 350 R LONG TERM VALUE

[MAGS1]

Diamond has sold several 2019 and 2020 R’s the last few weeks. List prices have been almost identical as this one. And they don’t typically budge on price so assume they sell for list. They have a section for sold inventory as well if you want to check out years and mileage. They don’t disclose sale price obviously and they remove the original list price.

https://www.diamondmotorworks.com/2020-ford-mustang-shelby-gt350r-c-4703/

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[Inthehighdesert]

And then there’s the hater mentality that comes out. Not sure why that is but it does, constantly. Always someone that has to throw their market analysis to how the cars aren’t worth this or that. Funny part is, its pretty much always by those that don’t have one. I had a 20/350 to at one point, still wish I had it. Never felt the need to try and throw shade on those with an R. The there’s the I’d never pay an adm posts. I paid a slight on my R, zero regrets. Bonus is its still worth way north of what I paid, wether I drive it or not. What so many don’t or refuse to understand is that there are many that a few dollars either way simply doesn’t matter to them. It is what it is.

I'm sure it hurts feelings but there were/is a lot of people who thought they were buying an investment car and bought right at the top of the market. I think people buying an R probably fit in that box a little bit more.

Bottom line is, if you choose to drive it, it's not going to pay dividends ($). If you choose to park it, you're definitely not enjoying it.

I believe there were a handful on cars.com. this one on cargurus is priced a few thousand above the "market".

Personally, I am happy that I can still sell my car for what I paid for it 4 years and 15k miles ago. It's a unique situation for sure.

https://www.cargurus.com/Cars/inven...dEntity=c25877#listing=364081609/NONE/DEFAULT

 

[Inthehighdesert]

Obviously the more money then brains crowd.

Diamond has sold several 2019 and 2020 R’s the last few weeks. List prices have been almost identical as this one. And they don’t typically budge on price so assume they sell for list. They have a section for sold inventory as well if you want to check out years and mileage. They don’t disclose sale price obviously and they remove the original list price.

https://www.diamondmotorworks.com/2020-ford-mustang-shelby-gt350r-c-4703/

 

[MAGS1]

Obviously the more money then brains crowd.

Clearly. Don’t they all know they’ve been had by these greedy dealers??

 

[NPTR]

Market value of an asset is simply the price buyers are willing to pay…I get so confused when people “question” the market, but the simple fact is that the dynamics of supply/demand, inflation, and increased rarity is causing value to hang in there and even appreciate in many areas. Yes, some “steals” like on cars and bids, but I’m consistently hearing of datapoints to the contrary. Not relevant for me as I’m never selling, but I firmly believe this car will be worth materially more in 5-10 years, not less.

 

[rush0024]

Diamond has sold several 2019 and 2020 R’s the last few weeks. List prices have been almost identical as this one. And they don’t typically budge on price so assume they sell for list. They have a section for sold inventory as well if you want to check out years and mileage. They don’t disclose sale price obviously and they remove the original list price.

https://www.diamondmotorworks.com/2020-ford-mustang-shelby-gt350r-c-4703/

They are asking 98k for that 2020 R in FPB.

Here are some others that that I found

2020 GT350R
100 miles
Shadow Black
$117k
Hoffman Motors

2020 GT350R
1,490 miles
Rapid Red
$111,950
Hoffman Motors


2020 GT350R Heritage
33 miles
$149,990
West Coast Exotic Cars


2020 GT350R Heritage
52 miles
$159,000
Premium listing on classic.com


Also interesting to note how these dealers are evaluating the 2020 R's vs the other model years. It appears that all 3 of these cars have been sold. The Hoffman motors listing is gone but you can still view them via classic.com

2018 R
1,000 miles
Lightning blue
$79,800 asking
Diamond motors

2018 R
455 miles
Shadow Black
$82,800 asking
Diamon Motors

2019 R
5,000 miles
Magnetic Metallic
$84,950 asking
Hoffman Motors


EDIT
More specifically, lets look at the 2020 R FPB vs the 2018 R in Lighting Blue. Both from the same dealership. The Lighting Blue R has 2,885 miles less and is a rarer color (165 built vs 171 built for FPB), and yet the 2018 Lighting Blue is $19,000 cheaper.

 

[svttim]

I'm sure it hurts feelings but there were/is a lot of people who thought they were buying an investment car and bought right at the top of the market. I think people buying an R probably fit in that box a little bit more.

Bottom line is, if you choose to drive it, it's not going to pay dividends ($). If you choose to park it, you're definitely not enjoying it.

I believe there were a handful on cars.com. this one on cargurus is priced a few thousand above the "market".

Personally, I am happy that I can still sell my car for what I paid for it 4 years and 15k miles ago. It's a unique situation for sure.

https://www.cargurus.com/Cars/inven...dEntity=c25877#listing=364081609/NONE/DEFAULT

Not that it matters but I just used your link and Cargurus and looked nation wide. A few Outliers but the average is well above 62K For a good car the least expensive is right around 69 and go up from there. Classic.com the average YTD sale is 86K that includes sales and for sale ads. I drive mine and I have no intention of selling it. So, in the long run, I am not concerned about the values other than curiosity.

 

[PP0001]

I'm sure it hurts feelings but there were/is a lot of people who thought they were buying an investment car and bought right at the top of the market. I think people buying an R probably fit in that box a little bit more.

Bottom line is, if you choose to drive it, it's not going to pay dividends ($). If you choose to park it, you're definitely not enjoying it.

I believe there were a handful on cars.com. this one on cargurus is priced a few thousand above the "market".

Personally, I am happy that I can still sell my car for what I paid for it 4 years and 15k miles ago. It's a unique situation for sure.

https://www.cargurus.com/Cars/inven...dEntity=c25877#listing=364081609/NONE/DEFAULT

I was very fortunate to purchase both the 4-seat and the 2-seat GT350/R models and did that without the sense of whether my feelings might be hurt sometime down the road when it comes time to letting go of any of those vehicles.

Drove every one of them to the limit (sans F0077) and can confirm that the driving enjoyment, engagement and excitement when driving a 4-seat model versus a 2-seat model was heavily in the favor of the R model and was not even close when compared to a 4-seat Base GT350.

When it came time to letting my cars go the pendulum swung significantly in the favor of the R model V the Base GT350 models in relation to MSRP, therefore I was very happy that I owned more R models than Base GT350 models from a financial standpoint.

Had you purchased an R model, I would suggest that your driving enjoyment, experience and engagement would have been enhanced a great deal more as well and suggest that you may also have been able to sell your R model for more than what you paid for it instead of just getting your money back.

 

[526 HRSE]

I was very fortunate to purchase both the 4-seat and the 2-seat GT350/R models and did that without the sense of whether my feelings might be hurt sometime down the road when it comes time to letting go of any of those vehicles.

Drove every one of them to the limit (sans F0077) and can confirm that the driving enjoyment, engagement and excitement when driving a 4-seat model versus a 2-seat model was heavily in the favor of the R model and was not even close when compared to a 4-seat Base GT350.

When it came time to letting my cars go the pendulum swung significantly in the favor of the R model V the Base GT350 models in relation to MSRP, therefore I was very happy that I owned more R models than Base GT350 models from a financial standpoint.

Had you purchased an R model, I would suggest that your driving enjoyment, experience and engagement would have been enhanced a great deal more as well and suggest that you may also have been able to sell your R model for more than what you paid for it instead of just getting your money back.

You're trying to tell me that prices haven't dropped in the last two years?

And I've driven my car for 4 years and 20k miles and can still sell it for what I paid. I could have easily sold it for $20k more than I paid when the suckers were buying 2 years ago.

And the differences between an R and non R are negligible. You didn't have a 2 seater, you had a 4 seater without seat padding. (That in itself is how R owners try and stand out.) Of course you feel the need to validate your purchase.

Going to an R is not like going to an AMG with Mercedes. It's not like going to Hellcat with Mopar.

Of course I like R's, it's virtually the same car without carbon fiber wheels. I know I know, tweaked suspension, red badge, blah blah...

If the two cars were the same price, of course I would have bought an R, but I weighed the options and the cars didn't feel different enough to warrant the extra money.

 

[Inthehighdesert]

You're trying to tell me that prices haven't dropped in the last two years?

And I've driven my car for 4 years and 20k miles and can still sell it for what I paid. I could have easily sold it for $20k more than I paid when the suckers were buying 2 years ago.

And the differences between an R and non R are negligible. You didn't have a 2 seater, you had a 4 seater without seat padding. (That in itself is how R owners try and stand out.) Of course you feel the need to validate your purchase.

Going to an R is not like going to an AMG with Mercedes. It's not like going to Hellcat with Mopar.

Of course I like R's, it's virtually the same car without carbon fiber wheels. I know I know, tweaked suspension, red badge, blah blah...

If the two cars were the same price, of course I would have bought an R, but I weighed the options and the cars didn't feel different enough to warrant the extra money.

 

[PP0001]

You're trying to tell me that prices haven't dropped in the last two years?

And I've driven my car for 4 years and 20k miles and can still sell it for what I paid. I could have easily sold it for $20k more than I paid when the suckers were buying 2 years ago.

And the differences between an R and non R are negligible. You didn't have a 2 seater, you had a 4 seater without seat padding. (That in itself is how R owners try and stand out.) Of course you feel the need to validate your purchase.

Going to an R is not like going to an AMG with Mercedes. It's not like going to Hellcat with Mopar.

Of course I like R's, it's virtually the same car without carbon fiber wheels. I know I know, tweaked suspension, red badge, blah blah...

If the two cars were the same price, of course I would have bought an R, but I weighed the options and the cars didn't feel different enough to warrant the extra money.

With respect to R model prices dropping over the last 2 years, it's just common sense that some R models will drop in price due to increased miles on the odometer, additional wear and tear, some being modified, many being resold numerous times some of which may have important provenance that gets misplaced or lost along the way therefore prices will obviously decline.

Having said that, many R models will continue to increase in value based on factors such as low mileage, rare colors/options, all provenance, certain model years and being kept in stock condition such as was the case during the recent Mecum Indy Auction whereby a 2016 R sold for $96,250 along with a 2015 R that had over 6,000 miles on the odometer that sold for $231,000.

I also recall two 2020 GT350R HEP units selling on BaT for $148,000 and $107,000 in recent months but certainly the most valuable GT350R models will always come from the 2015 model year.

Regarding your comments centered around a GT350R and a 4-seat GT350 having negligible differences from a performance standpoint, it's obvious that you have had very limited seat time in an R model on the street and absolutely no seat time in an R on a road course otherwise you would certainly understand the significant performance difference between both models.

With the R model coming with bigger and lighter wheels, larger and stickier Cup 2 tires, a stiffer spring rating, reduced ride height for improved center of gravity, reduced curb weight (even less in a Base R) and resonator delete, all of those key factors result in superior 0-60 and 1/4-mile times, lateral G's, superior braking and much improved track times.

For every GT350R that was produced over the 6-year run the FRAP produced almost 6 Base GT350 examples (20,564) therefore they are not rare units compared to an R model.

When combining the rarer R model which came with superior performance times, better styling, improved aural sound, less colors to choose from many of which could not be ordered with OTT stripes, the R model will continue to outdistance itself from a Base GT350 from an overall value, desirable and collectability standpoint and it won't even be close.

 

[rush0024]

You're trying to tell me that prices haven't dropped in the last two years?

2 years ago we were still at the tail end of the pandemic and the used car market was still high. Things have become more normal since then so I don't even think it's fair to say the GT350R market is down, and if that's the case everything is down then.

In 2022, we had non R GT350's going in the mid to high 70's. All used cars we're inflated at that time.

Of course I like R's, it's virtually the same car without carbon fiber wheels. I know I know, tweaked suspension, red badge, blah blah...

Pretty foolish thing to say.

 

[Tomster]

Pretty foolish thing to say.

He's right to a certain extent. The difference between the two cars isn't much but lies in the VIN. Parts can be swapped. Suspension, wheels, etc to bring it up to an R, but it's not a true R unless it was ordered that way.

Can you duplicate the R from a standard 350? Yes. Easily.

I will be fair in saying that you can make a GT350 about the same as an R, but you can't modify the VIN. Therein lies the difference.

 

[PP0001]

He's right to a certain extent. The difference between the two cars isn't much but lies in the VIN. Parts can be swapped. Suspension, wheels, etc to bring it up to an R, but it's not a true R unless it was ordered that way.

Can you duplicate the R from a standard 350? Yes. Easily.

I will be fair in saying that you can make a GT350 about the same as an R, but you can't modify the VIN. Therein lies the difference.

Certainly agree that all of the various unique parts from an R model could have been purchased and installed on a Base GT350 back in the day but with Ford offering Equipment Group 920A it was a deal that many of us Mustang enthusiasts could not afford to pass up and to this day that was one of the very best performance options that Ford has ever offered us enthusiasts from a pricing standpoint.

To purchase and then install a set of 19" CF wheels, 305/315/30ZR19 front/rear Michelin Sport Cup 2 tires, CF rear wing, large front chin spoiler, performance front springs and resonator delete, there is not a hope that us enthusiasts could duplicate Equipment Group 920A for the $7,500 that Ford was asking back then.

With respect to an R model specific VIN, agreed but keep in mind that Ford only provided an R model specific VIN for 2 of the 5 regular production model years.

Once the 2018, 2019 and 2020 model years launched all of the 2-seat and 4-seat GT350's had the same VIN series therefore an R model and a Base GT350 could no longer be determined by a VIN check which was very unfortunate.

 

[Holmes]

Dougs site is awesome, but they seem to get lower results compared to BaT. If anyone is actually paying attention to the car auction market, I don't know why anyone would want to sell there. The GT350R market is doing fine. Most R's are still selling for over MSRP. We just had a 2017 R sell for 96k at Mecum last weekend. Also on BaT a few weeks ago another 2017 R with 6k miles sold for over 90k.

I was the 2nd highest bidder on the Red 2017 R w 6K miles. Bid it to $90k. Was my first attempt at a 350R on BaT and I absolutely would not go that high again. Was able to get a white 2017 with 2400 miles on BaT for $72,500 the next week. Granted the one I bought has no ceramic, no ppf, needs tires, but still a fine, low miles, one owner car. The next week a 1,800 mile R sold for $73k or $73.5K on Bat with a dealer being the buyer. The owner/seller of that red one really hit the jackpot. He listed it on another forum back earlier in the year, before the BaT auction, for $73,900 I believe. BaT had three R’s but ran the auctions one at a time so the cars wouldn’t compete with each other.

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