GT 350 R LONG TERM VALUE

[stanglife]

I guess my opinion was based more around the fact that they've made these for a few years now with arguably no real feature changes (we all know 2020 is the best, though ;) ). #1 15..certainly...and maybe #1 16...and then if you could have the last 20R, that too.

As I read and think about this....I admit, I'd pay a little extra for #1 for any year because it's neat - BUT the only reason I would probably just avoid buying a car like that is because I'm not in the income bracket to own like 5 of these. Anything additional paid would be a burn because I'm not going to watch the mileage in order to preserve perceived value. It's all just speculation and opinion from this side - I think a value of hundred of thousands of dollars difference between a 001 and a 341 seems like a game between two wealthy collectors...like you guys just create the market between you and call it a value. I guess I cant complain because while I don't expect huge values out of my cars,...as I stated earlier, any boost to the value is a positive when compared to the typical car hobby financial game that I try to explain to the wife! Keep it up! I hope the 001s sell for $500k!

PS - I ALMOST bought the last iconic silver R made...but he wanted $4k over...I think it's either sold or MSRP now. I did buy the 2nd to last no stripe silver R in Florida that was purchased on a Saturday, though - does that count?

Sponsored

 

[Tomster]

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.

Many good points, but the car is question is not serial number 1. Craig Jackson bought serial number 1 2020 GT500 and paid an appropriate boat load of money for it. I dont think people people will do the same for the first M chassis plate for '21. Will it sell for a little more and be a bit more desirable? I think so, but not anywhere near a first or last VIN.

I wholeheartedly agree about a lot of things you say, but HR001 (which is as much of a direct comp as could be) sat on a dealers showroom for a very long period of time with a price tag in the mid 70's? So that lends me to believe what I suspected..... the fist chassis number of a model year with some kind of significance associated with it will demand a bit more money, but nothing like VIN 1 or the last VIN of a production series.

Congrats on your 15 track pack and 20R. You have a nice collection.

 

[Sdsaathoff]

I guess my opinion was based more around the fact that they've made these for a few years now with arguably no real feature changes (we all know 2020 is the best, though ;) ). #1 15..certainly...and maybe #1 16...and then if you could have the last 20R, that too.

As I read and think about this....I admit, I'd pay a little extra for #1 for any year because it's neat - BUT the only reason I would probably just avoid buying a car like that is because I'm not in the income bracket to own like 5 of these. Anything additional paid would be a burn because I'm not going to watch the mileage in order to preserve perceived value. It's all just speculation and opinion from this side - I think a value of hundred of thousands of dollars difference between a 001 and a 341 seems like a game between two wealthy collectors...like you guys just create the market between you and call it a value. I guess I cant complain because while I don't expect huge values out of my cars,...as I stated earlier, any boost to the value is a positive when compared to the typical car hobby financial game that I try to explain to the wife! Keep it up! I hope the 001s sell for $500k!

PS - I ALMOST bought the last iconic silver R made...but he wanted $4k over...I think it's either sold or MSRP now. I did buy the 2nd to last no stripe silver R in Florida that was purchased on a Saturday, though - does that count?

I'm not sure if you are serious or not related to your comment that there is nothing different for the last year, but if you were serious, I'll just leave this here for you:

https://www.caranddriver.com/news/a28675538/2020-ford-mustang-shelby-gt350r-photos-info/

 

[rush0024]

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.

That Lexus was a one off car and it was sold for charity. It also came with a whole list of extra unique features with the car such as private racing lessons from Scott Pruett. Charity cars sold at big auctions like Barrett Jackson often go for a ton of money. That fact that your using that to support your argument that a Vin001 2020 GT350R is worth hundreds of thousands of dollars is comical and really just shows me that you have no idea what your talking about.

 

[Sdsaathoff]

That Lexus was a one off car and it was sold for charity. It also came with a whole list of extra unique features with the car such as private racing lessons from Scott Pruett. Charity cars sold at big auctions like Barrett Jackson often go for a ton of money. That fact that your using that to support your argument that a Vin001 2020 GT350R is worth hundreds of thousands of dollars is comical and really just shows me that you have no idea what your talking about.

Mike's car was already at 149,500 with 6 days left before he pulled it. Barrett Jackson contacted and offered him a spot at Scottsdale immediately after the four #1's they are auctioning for manufacturers. Barrett Jackson turns down more cars than they request by a massive margin, yet they feel his car is worth being put in as a featured car.

I never said his car was worth 2 million like that LC, and I'm no expert, but without even knowing anything about you, I think I'll take the opinions of the pros at Barrett Jackson over yours any day...

 

[stanglife]

I'm not sure if you are serious or not related to your comment that there is nothing different for the last year, but if you were serious, I'll just leave this here for you:

https://www.caranddriver.com/news/a28675538/2020-ford-mustang-shelby-gt350r-photos-info/

I've owned a 16R and now a 20R - I'm full aware of the differences. I did say arguably no feature changes....and there are not. I'm biased too - I prefer the tweaks made for 2020 but does it make it a completely different car vs the previous ones? Not really. I believe those changes were mostly to normalize costs AND to keep the delta the same between the standard 350 due to it also receiving improvements. I'm sure this is a debate for a different thread (which many exist). All I was saying is that from 2016 #002 - through - 2020 #second tolastonemade... the in-betweens, not so excited about as a normal car owner - I guess I fit into the segment you mentioned, that's all.

 

[Strokerswild]

Some interesting speculation here....

By the way, I have a Marti-certified, 1-of-1 as built 2015 GT that'll be up for sale. Far, far less than $400K. I have a GT500 I want to buy.

 

[rush0024]

Mike's car was already at 149,500 with 6 days left before he pulled it. Barrett Jackson contacted and offered him a spot at Scottsdale immediately after the four #1's they are auctioning for manufacturers. Barrett Jackson turns down more cars than they request by a massive margin, yet they feel his car is worth being put in as a featured car.

I never said his car was worth 2 million like that LC, and I'm no expert, but without even knowing anything about you, I think I'll take the opinions of the pros at Barrett Jackson over yours any day...

I'm sorry but I'm just not buying any of this. 001 for 2020 should definitely bring in a premium of maybe 10 to 20k over a regular GT350R. It's a cool car but you guys are going waaaaay overboard and treating this car like it's actually 001 car owned by Mr. Ford.

If this car actually gets entered into BJ and sells for 150k+ then I will happily admit that I was wrong and apologize. Until then this feels like a game being orchestrated and someone is about to get played.

 

[key01]

Like to hear what @CoolHandLuke has to say about this car that was his 2 months ago and no one stepped up to support a $150,000 value when he asked. This is nuts.

 

[Tomster]

I'm sorry but I'm just not buying any of this. 001 for 2020 should definitely bring in a premium of maybe 10 to 20k over a regular GT350R. It's a cool car but you guys are going waaaaay overboard and treating this car like it's actually 001 car owned by Mr. Ford.

If this car actually gets entered into BJ and sells for 150k+ then I will happily admit that I was wrong and apologize. Until then this feels like a game being orchestrated and someone is about to get played.

I agree. We have a direct comp, HR001. That sold for about 10K over sticker. On top of that, Jamal Hameedi, a very notable and important person who was primarily responsible for the GT350 owned the car.


Who owned LR001?

Nothing more to see here.

 

[svttim]

I'm not sure if you are serious or not related to your comment that there is nothing different for the last year, but if you were serious, I'll just leave this here for you:

https://www.caranddriver.com/news/a28675538/2020-ford-mustang-shelby-gt350r-photos-info/

There is very little different. The Major changes were to the 19 base model car with brake calibration to the R model. Yes, revised steering rack in 2020

 

[zzrat]

Tom, During the hunt for a" Base R" I came across HR001 at the southern Indiana Ford dealership. If memory is correct they wanted $71K for it. Several months passed & I would call every once in awhile. They would not come off of that price. So kept up the hunt till we purchased GR245. During a phone call with Harry I mentioned this car to him & he had a friend looking. That 17' Base R price could have been around $66/$67 ?

My point being that it sat there for months & months then it took a certain type of buyer to get the job done. Could have sat there to who knows when if that certain guy didn't show up.

Numbers certainly don't mean much to all buyers & agree that the end of model cars could be significant!

 

[PP0001]

Mike's car was already at 149,500 with 6 days left before he pulled it. Barrett Jackson contacted and offered him a spot at Scottsdale immediately after the four #1's they are auctioning for manufacturers. Barrett Jackson turns down more cars than they request by a massive margin, yet they feel his car is worth being put in as a featured car.

I never said his car was worth 2 million like that LC, and I'm no expert, but without even knowing anything about you, I think I'll take the opinions of the pros at Barrett Jackson over yours any day...

Great reading and certainly respect and appreciate all the different views and comments regarding the present and future values for the 6 year run of the 2nd generation GT350/R's.

Having said that I would like to provide some of my own thoughts and insight regarding the 6 year run for the 2nd generartion GT350 R when it comes to collectibilty and also present/future values and must reiterate that these are my opinions only so take them for what they are worth.

Of the ~3,650 R models built over the last 6 MY's I suggest that the 3 most valuable and collectible R models will be the following chassis numbers:

* PP001 - This Pilot Production R Model was built on Tuesday, April 28th, 2015 and came eqipped with the Electronics Package. It is interesting to note that the official paint code "G1" at the time was actually called "Absolute BlacK" and was then changed a short time later to "Shadow Black". Keep in mind that there were no Pilot Production 2015 GT350/R's built therefore this was the very first 2nd generation R built based on my undertanding and research.

* F0001 - This was the very first regular production R model and was assembled on Monday, July 13th, 2015 according to the records I have on file. All 37 R models were assembled that same day with this Oxford White with Black OTT vinyl stripes vehicle being built as a Base R model and 1 of 6 Base R models built for the 2015 MY.

* LR280 - (VIN L5552710) - The chassis number is just a guess on my part but the VIN is accurate and in any case I suggest that this vehicle was the very last 2020 R model built which is very significant. In addition to what makes this very last R model so significant is that it also comes equipped with Guardsman Blue Painted OTT stripes, Blue painted brake calipers and also understand that the Recaro seats have Blue inserts with Blue stitching therefore a 1 of 1.

With respect to all of the first assembled R models that were built for the 5 subsequent years namely GR001, HR001, JR001, KR001 and the two LR001 vehicles I suggest that they are certainly collectible and significant with the Blue Badged "LR001" being the most collectible of that group aside from the provenance that HR001 has which includes some very cool Ford ownership and also happens to be another Base R model just as Bill Ford spec'd out for F0001.

Another fact to keep in mind with respect to the final selling price for HR001 was the fact that this vehicle was sold as car number 3 and not car number let alone the dealership not knowing the history of this executive ordered, spec'd out and hand built vehicle in February 2016.

Had they known the correct information for this car I suggest that it would have sold for much more than ~$10,000 over MSRP.

Getting back to the RED chassis plate LR001 this is just my opinion but if bidding got to ~$150,000 and a serious offer was on the table I personally would be all over that offer.

As cool as it is to have the very first R model for the 2020 MY it certainly is a long ways from importance, collectibility and value when compared to the 3 R's that I mentioned earlier.

Having said that I wish the owner of LR001 (September car) nothing but the best and if he wants to discuss the virtues of going to auction with that car whether it be BJ or any other auction house I suggest that I might be able to provide some good insight.

Unless he has gone down this road before there is a great deal to consider before taking any car to auction and if he has already been there he will know exactly what I am talking about.

 

[PP0001]

Tom, During the hunt for a" Base R" I came across HR001 at the southern Indiana Ford dealership. If memory is correct they wanted $71K for it. Several months passed & I would call every once in awhile. They would not come off of that price. So kept up the hunt till we purchased GR245. During a phone call with Harry I mentioned this car to him & he had a friend looking. That 17' Base R price could have been around $66/$67 ?

My point being that it sat there for months & months then it took a certain type of buyer to get the job done. Could have sat there to who knows when if that certain guy didn't show up.

Numbers certainly don't mean much to all buyers & agree that the end of model cars could be significant!

Rex, you were very instrumental with respect to locating this car as I had looked for it for quite some time based on a call from a good friend who mentioned that this car was going to auction at Manheim quite some time earlier.

Of course no one knew what Ford dealership would end up with this cool car and if it wasn't for your kind help and direction this would have never all taken place as I could not locate it anywhere.

With respect to this car I had many conversations with them regarding pricing and intially they were well beyond the figures that you mentioned. After a week of deliberation I deciding that I would pass on this car and then contacted my good friend who made his own deal.

Thanks again for all of your help and our continued friendship!

 

[rush0024]

Thanks for the information @PP0001
Good stuff.

I just saw this and thought I'd post it.
2015 R #15 is for sale, with a nice little asking price.
https://www.lothopper.com/Details?V...urce=Lothopper&AltLeadSource=CarstoryDeeplink

Sponsored