Scary Saleen Values!
01-15-2009, 05:31 PM
#11
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Join Date: Oct 2007
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Posts: 388
... when they're selling at all. Just take a look at the GT500KRs on eBay - there are a ton of them, and they just aren't selling. I would say that in this market, anyone looking for a recent top-end Mustang is either going to buy a new one from a dealer (at a huge discount), or will look to get an absolute bargain basement price on a used one.
I got one heck of a deal on my '08 S302E (compared to MSRP). But I have no illusions, if I had to sell it today, I would still take a big loss. Plus the custom paint adds a huge chunk to the MSRP, but I doubt it adds all that much to the resale price.
Anyway, I plan to keep mine for 40 years, hopefully the prices will have stabilized by then!
Chris.
I got one heck of a deal on my '08 S302E (compared to MSRP). But I have no illusions, if I had to sell it today, I would still take a big loss. Plus the custom paint adds a huge chunk to the MSRP, but I doubt it adds all that much to the resale price.
Anyway, I plan to keep mine for 40 years, hopefully the prices will have stabilized by then!
Chris.
I was at the ford dealer today. they had a gt500 and it was $56,000....geez. still 10k over sticker. no thanks
01-15-2009, 08:47 PM
#12
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Join Date: Sep 2005
Location: NJ
Posts: 479
I just look at the bright side. I have owned my car since new in Sept 2005, enjoyed driving it for 3 yrs and now it's worth 1/2 what I paid for it. I had a stock portfolio full of great mutual funds and stocks and in 3 months it's worth 1/2 (ok 40% less, Im Exaggerating)... and you can't drive around in a stock with the top down!!!!
01-16-2009, 01:15 AM
#13
3rd Gear Member
Join Date: Sep 2006
Location: Manhattan Beach, CA
Posts: 695
all car values are getting their ***'s kicked
a 2005 ferrari f430 with 8k miles sold for $130,000 MSRP on that thing is 275k. values are strong on ferraris and they are tanking
cars such as the m5, SL benz, maseratis, big audi's are sinking just as fast.
most cars do a have bottom though.
I would for say for an 06-07 extreme the current bottom is mid to high 30s. sad but true.
a 2005 ferrari f430 with 8k miles sold for $130,000 MSRP on that thing is 275k. values are strong on ferraris and they are tanking
cars such as the m5, SL benz, maseratis, big audi's are sinking just as fast.
most cars do a have bottom though.
I would for say for an 06-07 extreme the current bottom is mid to high 30s. sad but true.
Even GT500s are dropping in prices. I've seen several selling for under MSRP...
Btw, I had no idea an f430 just sold for so cheap. Someone got an amazing deal...
Last edited by elburrito99; 01-16-2009 at 01:21 AM.
01-16-2009, 12:31 PM
#15
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Join Date: Oct 2007
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but one needs to do the following
1. update wheels. novitek wheels or modular wheels
2. challenge black rear grill
3. tubi exhaust
when buying a 360. do your homework dont get burned!
I need to get rid of my saleen though!
01-16-2009, 01:10 PM
#16
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Join Date: Aug 2006
Location: Near Wash. DC Posts: 13,541
Posts: 2,497
I personally like the look of a 360 better then a 430, but the 430 is modern, faster
but one needs to do the following
1. update wheels. novitek wheels or modular wheels
2. challenge black rear grill
3. tubi exhaust
when buying a 360. do your homework dont get burned!
I need to get rid of my saleen though!
but one needs to do the following
1. update wheels. novitek wheels or modular wheels
2. challenge black rear grill
3. tubi exhaust
when buying a 360. do your homework dont get burned!
I need to get rid of my saleen though!
I know you wanted to switch to that color and body style above all else.
As a tuner shop estimator in my opinion, you could easily pop in a full SMS kit and push 800 hp for $43,000 out the door, it's an auto but it's so cheap that it won't matter in the end. Probably you could even get 830 hp similar to Steve Saleen's car. Seeing as your car is an E in a nice color the upgrade would cost $6,300 based on current Saleen values, before you sell the removed parts (transmission rotating assembly, saleen intake, heads cams etc). I'd do this plan.
Last edited by Legion5; 01-16-2009 at 01:23 PM.
01-16-2009, 04:49 PM
#17
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Join Date: Mar 2008
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Posts: 312
Yeah, looks like I will be hanging on to it for a while. I'd rather keep it than give it away. On a good note, at least mortgage rates are dropping...lol..I was also thinking about a possible trade, but I have no idea whewre to look for that. My wife is the whole reason I am even thinking about getting rid of it as some of you may already know. She wants a 7series BMW. I have to look out for one willing to trade I guess.
01-19-2009, 09:20 AM
#19
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Join Date: Sep 2008
Location: Boston, MA
Posts: 498
Legion5 or anyone else who knows Saleen value, please give me your opinion on this eBay listing... seems like a LOT for the money, so what am I missing?
http://cgi.ebay.com/ebaymotors/Cars-...1%7C240%3A1318
http://cgi.ebay.com/ebaymotors/Cars-...1%7C240%3A1318
01-19-2009, 09:31 AM
#20
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Looks like a heavily modded 3v (no SC originally). Looks like a ton of mods though. Not sure if I would consider that high with all the mods. Possibly slightly, but I am sure it can be had for a bit less also. Just a quick search on ebay, and I cannot find a standard 3v for less than 26k and up. I actually think the listing is fair.