07 GT-H convertibles ready for sale

There is a previous thread about this car.
My opinion is that the low mileage should make it worth less than average...not history.
Best Regards,
Vern

 

Car Rental places sends their Vehicles to Auction after so many months in service , not when it hits a certain mileage. A car can be bran spanking new with just 12 miles on it and go to Auction. They may have too many of one model that a few may never get Rented. With the rules and Costs of renting a GT-H a few may never get rented if the Agency has several on hand.
David.

 

Well, not every Airport gets them. They have to be part of a special program to get them. My Dad almost rented one until they started going over the process and what was needed and the costs, etc. He opted for the plane jane Mustang instead. I have talked with several people at Car Shows who rented one when they were first being offered and they said it was almost not worth it and it was very costly.
David.

 

If I understand this right...... from what I have been told, the Rental Agencies no longer own the Vehicles, they lease them from the Manufacturer now, so they turn them back in every six months.
David.

 

Seems criminal to me to hold these cars just to make a tidy profit.
Vern

 

David,

I think you are correct for all other rental cars, but I recall reading a while back that Hertz actually purchased the GT-Hs as a fleet from Ford / SAI. They lease all the other cars. For the coupes, I heard the rumor was a per car cost to Hertz of around $30,000. Don't know about the convertibles.

On the one that just sold, per the sales agent, it was rented only one time, thus the low miles. I'm guessing it was a Pacific NW vehicle and was probably the second or third car on the lot (in other words, the last one to get rented on any given day). Makes a lot of sense for Hertz . . . they probably doubled their money on just this one car!

Mike

 

Exactly...i think that is a bad thing.
And i have to kind of dismiss the idea of it being the "third" car.
That car was probly put in the back of the lot and covered up to make a ridiculous profit.
Vern

 

Also, i dont think there is a shortage of people trying to rent these cars.
I saw one in the Denver area while visiting the Boulder Muesem.
They are 'the cats meow'.
Vern

 

Maybe no shortage elsewhere . . . but Portland is (1) a small market and (2) other than my GT-H, I have seen just one other Shelby GT (rental or otherwise). Definitely think it could have been kept in the back lot just to wait for the auctions. And I'm not sure if Hertz gets a "guaranteed buy back" since the cars are all going through Mannheim and other auctions at various prices (and the money isn't going to Mannheim or Ford, but right back to Hertz). Maybe for the GT-H convertibles, Hertz will cut out the middle man on a few cars and avoid the commission?

 

Your son may be right about the "rental badge," but for those who can remember the GT350Hs, that is exactly the same thing said when they were offered up for sale after their rental use in the 1960s. Supposedly, you could pick up a GT350H up until at least the mid-1970s for a significant discount off the other Shelby Mustangs (which also suffered from some moderate depreciation like all other cars).

Who knows, the similarities between then and now are eerie (not just with the GT-H, but think about the whole muscle car revival in general - GM and Dodge coming out with their "pony killers" a few years after the introduction of the Mustang, the variety of Mustang SEs available in any given year, etc.). Everyone complains about all the options you can get now (Shelby, GT500, Cal Special, Bullitt), but remember that just one model in the late 60s offered at least FOUR DIFFERENT engine sizes and three body styles. Then came the Cal Spec, High County Special, Twister, Shelby GT350, GT500, GT500KR (in fastback and convertible, no less), BOSS, Mach 1, Grande (yuck) . . . what's new and why are we complaining?

 

Well said!
Vern

 

Heres another one.
Honest mileage at least.
Starting at 50000 yikes!
Vern
http://cgi.ebay.com/ebaymotors/Ford...020QQitemZ300166337189QQrdZ1QQsspagenameZWDVW

 

I like how they all say that it is signed by Carroll Shelby when it is actually a design of his signature on the Dash Plaque.
David.

 

Re: GT-H's and the potential market

I totally agree with your statements. The last factor that you didn;t mention is someone having a 66H car, and having the capability to make a trio of these cars. I have purchased a 2006 H No. 402 w/9100 miles, and I would love to purchase a 2007 vert. also No. 402. Think of the interest that would be at any show, where the knowledge of these cars is not really well known amongst car lovers and collectors.

Just my 2 cents