When to purchase new or used?

kskpsu

Active Member
Joined
Jan 31, 2018
Messages
37
Reaction score
77
Location
Minneapolis, MN
Vehicle(s)
17 GT350R HR222, Audi RS3, BMW 1M, Boxster Spyder
I bought a used 17R for basically MSRP. 103 miles on it and was able to dialogue with the owner quite a bit. Did not want to pay ADM, and I saved a little on sales tax too.
 

Bladex10

Well-Known Member
Joined
Aug 2, 2016
Messages
187
Reaction score
125
Location
Roseville,CA
Vehicle(s)
2003 Cobra
If youre worried about depreciation then its a bad time to buy a GT350 period right now. There is a new Shelby GT500 looming in the very near future and the hype train is starting to grow. Its pretty much standard knowledge not to buy a top level car when a new top level car is about to be released within the next few months
 
OP
OP

barrelfishing

Member
Joined
Apr 24, 2018
Messages
6
Reaction score
1
Location
WV
Vehicle(s)
Truck
If youre worried about depreciation then its a bad time to buy a GT350 period right now. There is a new Shelby GT500 looming in the very near future and the hype train is starting to grow. Its pretty much standard knowledge not to buy a top level car when a new top level car is about to be released within the next few months
I think this is on point. I’m looking to buy someone’s 2016-2017 garage queen, less than 5k miles. I think this is a car in the high $40k’s to low $50’s. Unfortunately many of these cars were purchased with ADM and owners trying to recoup lost dealer profits. But it’s also a bad time to be a purchaser. Come fall and winter with 2019 out and GT500 looming I think you could see 2016’s touching high $30’s.
Not trying to insult current owners (and some get touchy with what they perceive as lowball offers) but it’s buyers market with new 2017’s sitting on stubborn dealership’s floor.
 

wrh3

Well-Known Member
Joined
Oct 27, 2015
Messages
54
Reaction score
27
Location
ATL, GA
First Name
Bill
Vehicle(s)
2017 GT350
If youre worried about depreciation then its a bad time to buy a GT350 period right now. There is a new Shelby GT500 looming in the very near future and the hype train is starting to grow. Its pretty much standard knowledge not to buy a top level car when a new top level car is about to be released within the next few months

GT350 values really could go either way, speculation at this point.
What if the GT500 is auto only? That would be a deal breaker for many people I know, myself included.
 

Bladex10

Well-Known Member
Joined
Aug 2, 2016
Messages
187
Reaction score
125
Location
Roseville,CA
Vehicle(s)
2003 Cobra
GT350 values really could go either way, speculation at this point.
What if the GT500 is auto only? That would be a deal breaker for many people I know, myself included.

If i remember correctly, One of the spy shots someone took shows a manual transmission in the car so there will be a manual option at the very least
 

wrh3

Well-Known Member
Joined
Oct 27, 2015
Messages
54
Reaction score
27
Location
ATL, GA
First Name
Bill
Vehicle(s)
2017 GT350
If i remember correctly, One of the spy shots someone took shows a manual transmission in the car so there will be a manual option at the very least
I don't trust any early info until the car makes it to production ;)
 

CaptainUnderpants

Well-Known Member
Joined
Nov 8, 2016
Messages
80
Reaction score
86
Location
SoCal
First Name
John
Vehicle(s)
2017 Avalanche Gray Shelby GT350
Buy new vs used - my theory...

Cars that are generally cheaper and maintain their value well. Buy new.
Honda civic, Toyota Corolla. If these cars were 20k new, then a three year old example would only be 15k. Not much a discount considering it is a 3 year old car, I have to spend my time trying to find a good example and there is risk and unknown deferred maintenance. Simply not worth it.

Cars that are expensive and depreciate quickly. Buy used.
Here it seems like their are two categories. Luxury imports and American cars that don't maintain their value. A three year old BMW that sold new for 60k might only sell for 40k. It is worth my time to save 20k for three years of depreciation and most owners of luxury high end cars usually take better care of their cars so there is less risk. Then there is the 35k Buick that might only be worth 15k used. Again, worth my time.

The Shelby doesn't really fit either category, so I think it should be a case by case basis. It is a high end car, yet doesn't really depreciate much. It is both likely to be be beaten on or lovely cared for, but probably more lovingly cared for. The question I would as myself is how much can I save, versus how much time and risk I take. This will come down to the new and used car options each buyer has.
 

Minn19

Well-Known Member
Joined
Jun 24, 2016
Messages
1,903
Reaction score
1,146
Location
Minnesota
First Name
Jason
Vehicle(s)
19 ZL1 1LE, 19 F150, 19 SB S5
I agree with this. It was a unique and fun experience, but definitely not worth that much money on its own.
That and nothing against the school and schools like it, but I'm not a big fan of the car control exercises (except for the heel&toe one) that take up half the day. I've done quite a few of these between Ford and BMW's M school plus car club car control days. I'd rather get more time lapping. For this reason, I decided not to go this year to the GT350 Track Attack that I could've attended for buying my 17. It still would've been $1500 or so dollars when it was all said and done for airfare, hotel, rental car etc. I put that into this years mods and local track time.

That being said if a person has never been to a school (or little to no track experience) like this I highly recommend any of them as they are all very well run and a blast to do. So I could see this factoring into somebodies decision. Though you can go to different manufacturers schools and pay as well obviously.
 

Minn19

Well-Known Member
Joined
Jun 24, 2016
Messages
1,903
Reaction score
1,146
Location
Minnesota
First Name
Jason
Vehicle(s)
19 ZL1 1LE, 19 F150, 19 SB S5
Buy new vs used - my theory...

Cars that are generally cheaper and maintain their value well. Buy new.
Honda civic, Toyota Corolla. If these cars were 20k new, then a three year old example would only be 15k. Not much a discount considering it is a 3 year old car, I have to spend my time trying to find a good example and there is risk and unknown deferred maintenance. Simply not worth it.

Cars that are expensive and depreciate quickly. Buy used.
Here it seems like their are two categories. Luxury imports and American cars that don't maintain their value. A three year old BMW that sold new for 60k might only sell for 40k. It is worth my time to save 20k for three years of depreciation and most owners of luxury high end cars usually take better care of their cars so there is less risk. Then there is the 35k Buick that might only be worth 15k used. Again, worth my time.

The Shelby doesn't really fit either category, so I think it should be a case by case basis. It is a high end car, yet doesn't really depreciate much. It is both likely to be be beaten on or lovely cared for, but probably more lovingly cared for. The question I would as myself is how much can I save, versus how much time and risk I take. This will come down to the new and used car options each buyer has.
Agreed except I'd add a C option to the bottom. I think they can be driven as intended (tracked/beaten) and still lovingly cared for. Sometimes people that are more non chant about them drive them easy/rarely, but don't take the greatest care of them either. But, I get your overall point.
 

Nomadic

King of Europe
Joined
Oct 11, 2015
Messages
1,152
Reaction score
477
Location
Stay classy San Diego
Vehicle(s)
Current: '19 Mustang GT base 6spd (SOLD),'19 Camaro 1SS A10, '14 VW Jetta SE 1.8
Option D. Buy what you’re comfortable paying cash for. My Mustang is a toy. I don’t finance cars in general and definitely not toys.
 
Advertisement

 
8 - UPR Products
Advertisement
Top