Swung by the local Ford dealer today...

[MX793]

And GT500s are just Mustangs...except they weigh a lot more.

One word:  "Shelby".

Slap that on a Mustang and you may as well tell people the car is made from gold.  Rich baby boomers are willing to fork out big bucks to live the dreams of owning a Shelby Mustang that they had as kids.

[S204STi]

I'd prefer a "Type-R" decal on either car, that way everybody knows what they're dealing with.

rofl!!!

[Submariner]

I'd prefer a "Type-R" decal on either car, that way everybody knows what they're dealing with.

Type-R works, if you pee sitting down.  NOS, on the other hand, strikes the fear of god into supercars and exotics alike.

[Zcarnut]

Everything we buy is only worth what someone is willing to pay.

[SVT666]

I don't see the problem people have with dealer markups. It wouldn't happen if people wouldn't pay those prices.

IMO you'd have to be insane to pay above MSRP for a GT500. Neither its availability nor its performance warrants it.

Yeah because there are so many cars out there for the same price or less that can do the 1/4 mile in 12.25 seconds.

[TheIntrepid]

Everything we buy is only worth what someone is willing to pay.

Law of supply and demand. Agreed.

[Raza]

Or I could buy 10 Suzuki Renos and tease Raza with them 

Damn you!

[SVT666]

Law of supply and demand. Agreed.

Absolutely.  People don't understand why a Z06 commands MSRP and the GT500 sells for $20 or $30K more then MSRP which puts it above the price of a Z06, but the thing is there are obviously more people out there who want a GT500 then there is who want a Z06.  I know that will be hard for some people to take, but it's the truth.  The Mustang is more desireable. :P

[S204STi]

Absolutely.? People don't understand why a Z06 commands MSRP and the GT500 sells for $20 or $30K more then MSRP which puts it above the price of a Z06, but the thing is there are obviously more people out there who want a GT500 then there is who want a Z06.? I know that will be hard for some people to take, but it's the truth.? The Mustang is more desireable. :P

Personally, I tend to prefer the GT500.  Sure the Z06 will run circles around one, as well as half the Porsche lineup, but the Mustang is simply good looking and classic on so many levels.  It has a presence like few other cars on the road today, and frankly it ain't slow either.

[JYODER240]

Yeah because there are so many cars out there for the same price or less that can do the 1/4 mile in 12.25 seconds.

Yes but that and looking good are about the only thing the car does really well. It's better suited to the boulevard and drag strip than anything else. It's probably the best bang for the buck as far as four-seaters go but for performance car their are better choices.

[SVT666]

Yes but that and looking good are about the only thing the car does really well. It's better suited to the boulevard and drag strip than anything else. It's probably the best bang for the buck as far as four-seaters go but for performance car their are better choices.

Maybe so, but people want the GT500 more....obviously.

[SVT666]

Personally, I tend to prefer the GT500.? Sure the Z06 will run circles around one, as well as half ALL of the Porsche lineup, but the Mustang is simply good looking and classic on so many levels.? It has a presence like few other cars on the road today, and frankly it ain't slow either.

There.  Fixed.

If I was in the market for a $70,000 GT, I would buy the Z06 over the GT500.  However, I woulf buy a GT500 and skip the Vette altogether if I won the lottery.  If that makes sense.

[JYODER240]

Maybe so, but people want the GT500 more....obviously.

I wouldn't argue with that. For the average buyer it's a good choice. Image, lots of hp, practical, and comfortable. But if you're looking for performance and a fun, involving drive there are better choices for the 40-65k you'll end up paying.

[SVT666]

I wouldn't argue with that. For the average buyer it's a good choice. Image, lots of hp, practical, and comfortable. But if you're looking for performance and a fun, involving drive there are better choices for the 40-65k you'll end up paying.

Never said there wasn't.  We're talking about dealer markups which desireability, not what's a better performer.

[SVT666]

I wouldn't argue with that. For the average buyer it's a good choice. Image, lots of hp, practical, and comfortable. But if you're looking for performance and a fun, involving drive there are better choices for the 40-65k you'll end up paying.

[r0tor]

ir0nically, you can get 0% financing through Ford on a GT500 

[SVT666]

ir0nically, you can get 0% financing through Ford on a GT500?

Not here.? Lease is 10.3% and Finance is 7.8%

EDIT:? The monthly payments on a GT500 at an MSRP of $56,000 are the same as my mortgage.

[JYODER240]

Never said there wasn't.? We're talking about dealer markups which desireability, not what's a better performer.

Not really. Gocougs brought up that the GT500's performance is worth paying over sticker for. You said, "Yeah because there are so many cars out there for the same price or less that can do the 1/4 mile in 12.25 seconds."

In reality you can get superior acceleration and better all-around performance for the same price

[SVT666]

Not really. Gocougs brought up that the GT500's performance is worth paying over sticker for. You said, "Yeah because there are so many cars out there for the same price or less that can do the 1/4 mile in 12.25 seconds."

In reality you can get superior acceleration and better all-around performance for the same price

At $70K I agree.  But at $50K I don't.

[r0tor]

Not here.? Lease is 10.3% and Finance is 7.8%

EDIT:? The monthly payments on a GT500 at an MSRP of $56,000 are the same as my mortgage.

autoweek said 0% 

[SVT_Power]

Not here.  Lease is 10.3% and Finance is 7.8%

EDIT:  The monthly payments on a GT500 at an MSRP of $56,000 are the same as my mortgage.

Those are the highest I've ever seen for any car 

[SVT666]

Those are the rates for the Mustang GT and the GT500 for the 2008 models, and I got them right off the Ford of Canada website.

[VetteZ06]

At $70K I agree.? But at $50K I don't.

I'm thinking there might one car...

[Panama_Chopster]

Just paying 50K here for a GT is ridiculous, don't even want to see how much for a GT500.

[SVT666]

I'm thinking there might one car...

One car.  But there aren't any others that I can think of.  Besides, the Vette is a car that most buyers are passing up to buy a GT500.

[VetteZ06]

One car.? But there aren't any others that I can think of.? Besides, the Vette is a car that most buyers are passing up to buy a GT500.

Is that conjecture, or has somebody looked into this matter already?

[Minpin]

One car.  But there aren't any others that I can think of.  Besides, the Vette is a car that most buyers are passing up to buy a GT500.

      Your whole argument thus far has been based off the fact that rich baby boomers are paying more for the shelby name which they lusted after as kids. So now that there is a care that looks similar to the old gt500's they are willing to pay a premium. But I am willing to bet that if chevy came out with a corvette that looked pretty similar and had some fancy sting ray name or something like that on it there would be the same generation willing to pay an equal premium. What im trying to say is that they are paying for the name and looks of one car that has 0 competition in terms of brining back childhood memories. If there was a corvette that went down the same path as the mustang by "going back to its roots" I think the premiums on gt500's would drop by quite a bit. My .02 

[Secret Chimp]

This does bring up a good question, though.  The Z06 is a high-demand car for the semi-rich.  Why aren't prices of them being inflated?

Because people generally don't drive around shitty 20 year old Corvettes and lust after new ones.

[GoCougs]

Yeah because there are so many cars out there for the same price or less that can do the 1/4 mile in 12.25 seconds.

Not a chance. The GT500 has been proven to be at best a stock high 12 second car.

The base Corvette with a lower base MSRP (let alone at a $20k premium) is its performance superior in every regard.

[JWC]

We bought a Shelby GT350 and sold it for 52,000.  The only reason we bought it was because it was available as part of our allotment....and they were going for 60k on the open market.  I have a problem with dealers marking up a car before it is even released, such as during the intro of the Miata, but if the open market price is high, there is no reason for a dealership not to mark it up.  Otherwise, someone is only going to buy it and resell it and make the money themselves. 

Seriously, if someone walked up to me and offered me 10k for the VW, I'd help them pack it up. I wouldn't argue that I could get less for it and so I'm not selling it.