collector

vert06 · May 12, 2007

You guys think this mustang gt will be collectible someday?

stanmckinney · May 12, 2007

All mustangs are collectible to some extent. Value is another matter. The rare versions and most desirable will be worth the most. The first Mustangs were actually available with a bench seat, for example. It is rare but not worth that much because no one wanted it then or now.
Originality will also add to the value of a car as far as collectibility. Mods generally hurt the value.

DBMSTNG · May 12, 2007

not for a long, long time. the 60's to early 70's Mustangs are collectable because they are becomming increasingly rare and not many people expected them to be collectable. the fox bodied Mustangs are becomming collectable now because of it's great performance potential being lightweight with a 5.0L stuffed inside. the 94 and up Mustangs are just too plentiful and more people now than in the past expect them to become collectable someday. a few rare Mustangs may become collectable in the next 10 years or so, but i don't believe you'll see prices paid for them like you'll see for a 1970 Boss or 68 GT500. the 03/04 Cobras, 03/04 Mach 1's, and maybe the 99 & 01 Cobras will hold a higher than normal resale value, but it won't exceed the original purchasing price for several decades IMO.

kooldawg6 · May 12, 2007

I didn't buy mine for collecting purposes...I don't care if 20 years from now it's only worth $2500. I bought it because it is a rear wheel drive Ford V8 Mustang that is absolutely gorgeous and unlike any other make of car on the road today(visualy that is)!!!!! It will ALWAYS be worth alot to me

351CJ · May 12, 2007

They will be collectable only in the sense that 20 years from now many people will want S197 Mustangs while no one will have the slightest interest in a 20 year old 4 door sedan or SUV.

If you asking can you could own a S197 today and make a profit selling it 20 year from now? The answer is no. But you'll loose less money on a Mustang than if you tried to do that with a 4 door or SUV.

There are flat out too many S197 Mustangs to make them a real collectable. When I say this people like to tell me about Hemi Cudas, Satellites, Road Runners, Chargers, etc. from the 1960s that are fetching HUGE $$.

The reason why those 1960 Hemi cars are getting HUGE $$ is that only 10,000 street Hemis were sold from 1964 to 1971. That makes them rare and collectable. Between 2005 - 2009 Ford will make around 800,000 S197 Mustangs. That makes the S197 not rare and not a real collectable

The GT-500 will hold its value better than other S-197 Mustangs, but the only thing that will make a GT-500 a real collectable like a 60s muscle car is if gas goes to $10 / gallon and new >300 HP cars dissappear in a few years - which is not likely to happen.

stanmckinney · May 12, 2007

I agree with all these answers. I have a 1966 convertible, candyapple red, red interior, 289 automatic, power top. It's in great shape and was recently appraised at $28,500, which I actually believe is a bit low. But that's 10 times what it cost in 1966. What does a new Mustang convertible cost today? More than $28,500, right.
So even if the cars go up in value, you've got to consider today's money verses the worth of the dollar 10, 15, 20 years from now.
Don't buy a car thinking you will make money. Enjoy it. And, for my added two cents, don't pay over sticker or grossly inflated dealer prices. That makes it just that much harder to ever come out ahead.
(By the way, I gave $4,800 for the convertible 22 years ago and probably have invested another $5,000 over the years. I'm dollars ahead but I could not retire on that. I do wish I had bought a 1966 Shelby with 60,000 miles on it that I passed on 20 years ago for $13,000. My wife would not have understood but that car would be worth some serious cash now. I would never sell it, though, unless my health or other needs mandated it.)
BUY YOUR CARS TO ENJOY THEM AND BUY THEM AS CHEAP AS POSSIBLE.

kooldawg6 · May 13, 2007

Maybe the standard S197s could be collectible 20 years from now IF you have happen what did back in the 60s and 70s(unfortunately). Lose alot of them due to being totaled which drops the number in existance. Highly unlikely of course...

Mr_K_Code65 · May 13, 2007

Let's not forget the rust factor, either. So many 60's "Rustangs" met their fates due to natural chemical reactions, leaving very few survivors to be found only outside the snow/salt belts. Mustangs with original panels are of course worth more than those with replaced panels all other things being equal. This is not likely to happen with newer Mustangs given modern corrosion protection. So IMO the skyrocketing values of first gen stangs (even the 6cyl and "c" codes!) won't be mimicked in the current crop.

vert06 · May 13, 2007

anyone have the number of convertible gt produced?

shooterm1 · May 13, 2007

I'd be looking to the high end Saleen and Roushe models for "instant" collectibility.
and maybe the GT500's too.

everything else will take too much time to reach collectibility ranks ,,, unless!! you're willing to store it away now with virtual zero mileage on the odometer.

shooterm1 · May 13, 2007

vert06 said:
anyone have the number of convertible gt produced?

no, but I've heard that Verts with 5 speeds are fairly scarce .....

so you might be on to something.

V. Barbarino · May 13, 2007

Only modern day Mustang that is collect-able is 90-93 notch backs.. Everything else is worthless. You could make an argument about the 03 cobra, but that's a stretch.

Saw a GT Notch Back the other day, Ford didn't build these but I still love them.

kooldawg6 · May 13, 2007

shooterm1 said:
no, but I've heard that Verts with 5 speeds are fairly scarce .....

so you might be on to something.

Kinda funny now with the S197s...they are ALL 5 speeds(excluding the GT 500s)
Yes, I knew you were meaning the manual trans from the start.

bluecar · May 13, 2007

If and when it becomes collectible, I will be too old to care and will have enjoyed it in the meantime. My nephews will have a grand time in it regardless of what its worth.

SVTdriver · May 14, 2007

351CJ said:
There are flat out too many S197 Mustangs to make them a real collectable. When I say this people like to tell me about Hemi Cudas, Satellites, Road Runners, Chargers, etc. from the 1960s that are fetching HUGE $$.

The reason why those 1960 Hemi cars are getting HUGE $$ is that only 10,000 street Hemis were sold from 1964 to 1971. That makes them rare and collectable. Between 2005 - 2009 Ford will make around 800,000 S197 Mustangs. That makes the S197 not rare and not a real collectable.

Most of what you say I have no issue with. Though this part I do take slight issue with. If we are saying it is based on numbers produced. Then this car has every chance of doing the same as the original stangs. If you do the math on the original 64.5-66 mustangs. There were over 1.2 million made (Rough math puts it at 1,287,000). Now while there was an additional bodystyle (Coupe,fastback,vert). There were far more made. Now mind you I am not saying this car is going to be worth a lot of money in 40 years. Though i do agree it will probably be worth more than what you have paid for it. Much like the originals are worth more than what people originally paid for them.

kooldawg6 · May 15, 2007

SVTdriver said:
Though i do agree it will probably be worth more than what you have paid for it. Much like the originals are worth more than what people originally paid for them.

There is a HUGE difference between a brand new $2500 car and a brand new $30,000 car...but who knows, 40 years from now that could still hold true. I know one thing...I'm not holding my breath for that! So my bet would be the limited Ford runs(Shelby, Boss, Bullitt)and the aftermarket(Roush, Saleen, Steeda, Foose)cars will be the more collectible cars outside of maybe an original '05.

V. Barbarino · May 15, 2007

Baby boomers with money who are recapturing their youth is why those old cars are worth so much, however when they die in 15 years or so, the prices may fall fast. So there is really no way to gauge what these cars will fetch in the future, however it's clear since 1970, the only 2 stangs worth owning were the notch backs and 03 cobra, the rest are crap and even the current crop of "special" stangs will be out done by more powerful ones such as the Super Snake. So the GT 500 is worthless right now imho. The SS and KR will crush it.

srothfuss · May 15, 2007

What car do you own if all of those other Mustangs are crap? (pictures please because I might have missed a seperate thread)

Any car can be a collectable to it's owner. Only when the car is 30+ years old and 100% original will it be collectible to someone else.

SVTdriver · May 15, 2007

kooldawg6 said:
There is a HUGE difference between a brand new $2500 car and a brand new $30,000 car...but who knows, 40 years from now that could still hold true. I know one thing...I'm not holding my breath for that! So my bet would be the limited Ford runs(Shelby, Boss, Bullitt)and the aftermarket(Roush, Saleen, Steeda, Foose)cars will be the more collectible cars outside of maybe an original '05.

Yes there is. But you have to look at the scale of things. The price vs. what people were making is roughly the same then as it is now. For all we know. In the next 40 years. A base mustang could very well be $120k. And most people buying them would be making at least that.

351CJ · May 15, 2007

stanmckinney said:
I do wish I had bought a 1966 Shelby with 60,000 miles on it that I passed on 20 years ago for $13,000. My wife would not have understood but that car would be worth some serious cash now. I would never sell it, though, unless my health or other needs mandated it.)
BUY YOUR CARS TO ENJOY THEM AND BUY THEM AS CHEAP AS POSSIBLE.

In 1978 I passed on buying a 1967 GT-350 with 35K miles for $3,000 because it needed about $2K of work to restore it & I thought I'd never get my money back.

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