2016 GT350R- What should the asking price be?

[JR369]

$65k starting price with a sale price expectation of 62-63k. It’s out of bumper to bumper warranty and only 2 years left on the power train. In some case low mileage can be viewed as a negative because oil consumption of your engine has not been determined yet; too early to tell. O. The other hand 2016 cars seem to have less engine issues than later years.

Later years? Haven't heard much disappointment with oil consumption on the MY18's. I'd be hestitant to purchase a MY 17 if it isn't an R.

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[roygriffin2020]

I hardly drive it. Less than 200 miles. Avalanche Gray with black roof. Black stripes. Convenience package. Cover. How much should I be asking?

I would say, sell the 328i and keep the R. I have had an M3 and drove a 328i as a loaner when the M3 was in for some maintenance. Nothing against you, but the 328i is not a very good car. The auto trans keeps gears too long, sounds terrible and is very slow.

You have a good car in the R. Keep it, use it, enjoy it.

 

[JR369]

I'm buying a sub 1k mile R on Monday. I do feel low 60's (high 50's with miles) is the bottom for them in 2019/2020 because the GT500 (in my opinion) is going to MSRP for $75k base/$85 handling package with carbon wheels, before ADM which is going to be strong for the first 12-24 months. All in most early adopters are going to be all in at $125k after tax. That's a big gap from the GT350R which I feel will help protect it.

The non-R GT350's though I think will continue to depreciate more than an R.

Al

Agreed. There's going to be a heck of a price gap between the 350 and the 500. Shouldn't hurt low mile R's. I feel any year low mile, meaning sub 1k, R should be fine in the mid 60's. It's an R baby!

 

[Digitalwiz]

I’m not concerned about the 500 scavenging sales from the 350, or 350R because its a different car for a different purpose at a much higher price. With ADM, I agree that a 500 will be in the 125k range. I don’t see it directly competing with the 350 or R. Many people who can afford a 125k car wont buy a 500 because the competition in that price range is very strong and the cache of a 125k mustang is not the same as a European car like a pre owned lambo and R8.

My last car was an R8. I seriously looked at the 350 during that time and chose a used R8 because the 20k markup on a 350 was just dumb. For 86k, it was an easy choice to choose to spend 100 on a used R8 instead. Had there been no markup, and the price difference had been 50k, I would have likely chosen the 350.

Last week, I picked up a 350 specifically due to the value it offers at 50k. If the 500 was a 75k car with no adm, that would be different and prices for the 350 would tank as many of us dumped 350’s for 500’s.

I think market attention that the 500 brings will increase interest in the 350 and R’s as many people interested in the 500 find they can’t afford them and then find the 350 is similar for half the price. Many more people can afford a 50-60k used 350.

In my opinion, the market substitution principle applies here and favors an increased interest in the 350 and greater demand.

 

[Tomster]

I’m not concerned about the 500 scavenging sales from the 350, or 350R because its a different car for a different purpose at a much higher price. With ADM, I agree that a 500 will be in the 125k range. I don’t see it directly competing with the 350 or R. Many people who can afford a 125k car wont buy a 500 because the competition in that price range is very strong and the cache of a 125k mustang is not the same as a European car like a pre owned lambo and R8.

My last car was an R8. I seriously looked at the 350 during that time and chose a used R8 because the 20k markup on a 350 was just dumb. For 86k, it was an easy choice to choose to spend 100 on a used R8 instead. Had there been no markup, and the price difference had been 50k, I would have likely chosen the 350.

Last week, I picked up a 350 specifically due to the value it offers at 50k. If the 500 was a 75k car with no adm, that would be different and prices for the 350 would tank as many of us dumped 350’s for 500’s.

I think market attention that the 500 brings will increase interest in the 350 and R’s as many people interested in the 500 find they can’t afford them and then find the 350 is similar for half the price. Many more people can afford a 50-60k used 350.

In my opinion, the market substitution principle applies here and favors an increased interest in the 350 and greater demand.

Exactly correct. Well written.

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