Hell of a Deal on an R?

[ssmith891]

Am I missing something this?

https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=525045923

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[DCShelby]

I don’t think your missing anything. It’s three years old and car sales are tanking due to the virus and some people who have lost income, might need to dump some toys. Blue and white collar jobs are affected. There are lots of nervous lawyers in DC who would normally be raking it in, but their clients are cutting back. They make a lot but spend a lot. Markets are down down too.

 

[lightrules]

what's interesting is, though that car looks clean and good to go, and a very good price IMO, i cant seem to find a 2017 lightning blue with white stripes and red accents: https://mustangfanclub.com/shelby-gt350-gt350r-production-numbers

maybe i'm missing something here ??

EDIT: found my blunder. didnt scroll enough over to see the R's. i was looking at the non-Rs. yeah it's one of those days. but it looks like ford made 45 of those exact cars. very nice.

 

[proeagles]

Nope, looks about right for a (motivated) private seller. Get a carfax report if you can.

$12K over KBB range for a private seller doesn't look motivated to me. Maybe I'm missing something here.

 

[Inthehighdesert]

I’d say KBB is way off. Wouldn’t be the first or last time. KBB and Nada use standard depreciation calculators. Very rarely are they backed by actual sale data.

$12K over KBB range for a private seller doesn't look motivated to me. Maybe I'm missing something here.

 

[shogun32]

for the shelby figure 15-20% off after first year and about 5-7% each year after that as a high watermark vs the industry "standard" 20-25 then 9-11%. That said, there have been more than a few reports of '18 cars (not R) with negligible miles going for 45-48k which would be inline with the 'standard' schedule.

 

[oldbmwfan]

$12K over KBB range for a private seller doesn't look motivated to me. Maybe I'm missing something here.

KBB is great for valuation on Toyota Camry and other cars with hundreds of thousands of transactions. Not so great with any model that is either an enthusiast-owned vehicle or <100K total production units. KBB said my E39 M5 with 83k miles on it was worth $13K two years ago; most with that mileage sell for $25K+ and really nice ones are still worth $45K+.

For giggles, I just used KBB to "value" my 1995 993 911. KBB thinks I can get $25K. If someone shows up with 2x that amount, I'd consider it.

 

[nmp1]

KBB is great for valuation on Toyota Camry and other cars with hundreds of thousands of transactions. Not so great with any model that is either an enthusiast-owned vehicle or <100K total production units. KBB said my E39 M5 with 83k miles on it was worth $13K two years ago; most with that mileage sell for $25K+ and really nice ones are still worth $45K+.

For giggles, I just used KBB to "value" my 1995 993 911. KBB thinks I can get $25K. If someone shows up with 2x that amount, I'd consider it.

you should see the numbers they give for the cobra r's, comical.

 

[proeagles]

There is always no accounting for emotion which is why people pay way more for cars than they are worth to include the ridiculous ADM. I'm just not one of them.

 

[Tomster]

There is always no accounting for emotion which is why people pay way more for cars than they are worth to include the ridiculous ADM. I'm just not one of them.

Many things drive the market. Each of us has our reasons why we do what we do.

 

[proeagles]

Many things drive the market. Each of us has our reasons why we do what we do.

Clearly. The vehicle is no longer listed for sale so apparently it's sold.

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