Convince me that I’m not making a mistake

[bankyf]

Out of nowhere last weekend I decided to list my highly modded twin turbo 2020 GT with under 1000 miles for sale in favor of buying a GT500. The pending sale happened way quicker than I imagined and I’m supposed to deliver the car tomorrow. I have a brand new built short block, built 10r80 and a ton of other parts that weren’t on the car yet that I will also need to sell, putting me very close to GT500 money. I need some reassurance that I’m not making a mistake and some good reasons why. Assuming the sale goes through, what should I be looking for in a GT500? I’m trying stay at or below mid 90’s price range.

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[skinnyb]

Honestly, do what you like... . BUT you can't put a price on the Shelby name plate. Its a lifelong dream to have a Shelby some day but I am taking baby steps... The GT500 is a monster of a car and one I aspire to have one day. I took a baby step from a GT premium PP to a Mach 1... Probably mod the Mach 1 soon (boost ) ... 1 step at a time

 

[Paddles]

You won't regret stepping up to a nice GT500 just because of how gorgeous and unique they are. Every time you see it you'll get a huge smile.
You might regret the lost effort cost of selling your current rig but only you know if that loss is worth it. Financially I almost always recommend keeping what you have.
But if you're aiming high for a GT500 and it's finally in your reach I say live the dream man. Wish I had the cash to trade my GT for a sick GT500.

Edit to add; If your current rig sold fast then your asking price was probably too low.

 

[Evolvd]

Completely different cars. The suspension, transmission, and beefy motor are light years ahead of the standard GT. A car is more than just its horsepower output.

 

[ice445]

Any apprehension you have now will be deleted once you actually have the GT500, so no worries there. It's more special and all the components are built to handle big power from the jump.

 

[Paddles]

Stuff to consider for the 500 is the factory recommended DCT service every 20,000 miles. Try to find an unmodded one and do your research before you buy. This is a car worth paying to have a professional inspection done before you buy.

I once saw one for sale with only 2,900 miles at a six figure cost but when I googled the VIN it led me to this forum where someone had posted about how how they had flogged the absolute shit out of the car for hundreds of track miles.

 

[Kenbike]

The Gt500 is such a complete package that a lot of very good engineers speced out and designed. IT is a great car and does everything expectational well.
A highly modded GT is great also but normally as balanced.
The trans in the GT500 puts the car at a higher level and to me, makes the car.

 

[BlkMach10510]

Out of nowhere last weekend I decided to list my highly modded twin turbo 2020 GT with under 1000 miles for sale in favor of buying a GT500. The pending sale happened way quicker than I imagined and I’m supposed to deliver the car tomorrow. I have a brand new built short block, built 10r80 and a ton of other parts that weren’t on the car yet that I will also need to sell, putting me very close to GT500 money. I need some reassurance that I’m not making a mistake and some good reasons why. Assuming the sale goes through, what should I be looking for in a GT500? I’m trying stay at or below mid 90’s price range.

Devil's advocate: Why are you wanting the GT500? For the Ford Shelby nameplate? Or for the performance and will you use the performance that you gain above your Mustang GT? Will you want to mod it above a Ford Shelby GT500 at Shelby America and get it a CSM? Are you ready to handle the maintenance for it? Do your research like the other posters have said before you pick.

 

[sk47]

Financially I almost always recommend keeping what you have.

Edit to add; If your current rig sold fast then your asking price was probably too low.

I googled the VIN it led me to this forum where someone had posted about how how they had flogged the absolute shit out of the car for hundreds of track miles.

Why are you wanting the GT500? For the Ford Shelby nameplate?

Hello; Go with your gut is the best thing I can add. You know what you have and have a good plan. A different 500 may be a pile needing a lot of expensive work. A rule of thumb on classic cars from the 1950's &60's is to be ready to spend more on fixing it up that is spent to buy. On a newer car I tend to plan for something like 25% of the purchase price to make things right. On a superhigh performance car like a 500 I have no idea what the extra costs might be. Gotta figure a good chance it was run hard.

Sometimes having is not as great as wanting. I've been married twice is one way i learned this.
good luck

 

[rp930]

You will love it. Try to find a bad review, I’ve yet to see one. Yes fuel range isn’t great but I laugh every single time I start it. They are a unique vehicle, a step above. Very few cars have the performance and great overall feeling these have.

 

[NGOT8R]

What are your plans for the GT500? The TT GT likely makes more power then the 500, but if that’s not a big concern, then go for the 500.

 

[_zOmbIE_]

Completely different cars. The suspension, transmission, and beefy motor are light years ahead of the standard GT. A car is more than just its horsepower output.

That's a matter of opinion... I'd take a GT with the "crappy" MT82 over any DCT in the world (and in fact, I did)

 

[Beaujangles]

I can identify with your delema, as my local "friendly Ford dealer" tried to put me in a previously owned GT500 about a year ago...it was tempting, since they offered me close to full window price for my Bullitt against the 98K ask for the GT500, but having to anty up 50K was a tough call for me, so I just went home and decided to build my own "poor boys supercar" and yes it dosen't have the prestige of a Shelby but it only cost me about 15K for the whole package...full Steeda suspention, ESS G3, GT350 wheels and Cup2s and it's a "sleeper" too...but thats just my solution to the problem, you will have to decide how to deal with it yourself.

 

[GoBlueGT350]

Questions I would pose to myself:
- Are you ok with it not being a stick?
- Look at maintenance cost and wear items: how are the tires on the car, look at cost to replace, same w/ brakes etc
- Insurance hit? Registration cost?
- Are you planning on modifying the car?
- The GT500 will hold its value quite well, experienced this when I sold my GT350, the Shelby cars continue to command solid prices

Use case would be a big decider here, like others have said look beyond the power numbers for how you'd actually drive the car. I don't really modify my cars so a cohesively designed and engineered super car from the factory would be highly appealing to me, your mileage may vary.

For whatever it's worth I loved the GT500s when I looked at them but I decided I had to have a stick, hence ZL1 1LE.

 

[JuanHuevos]

Any apprehension you have now will be deleted once you actually have the GT500, so no worries there. It's more special and all the components are built to handle big power from the jump.

This is the best advice right here. You've already made up your mind, so now look forward, not back. You will be stepping into a very elite group here and I'm excited for you. I said this in another post the other day, life is far too short to not drive what you want to work.

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