Help me!!!!!! - Should I buy a Shelby?

Re: Help me!!!!!!

Have you looked into what insurance will cost on a Shelby Mustang (or a GT Mustang for that matter)? a 17 year old male will pay dearly. Check it out.

Good for you for admiring a Shelby automobile. However, this is not the time for you to have an "investment car". These cars should not be considered investments, especially if you plan to actually use them. If you want an investment, spend your $30K on a real vintage car and you won't stand to lose as much money as you would on a new car.

Keep the Civic. You are going to take a bath on trade in with it after you consider all the taxes and licensing fees, etc... you are already out on it. Your insurance and operating costs will also be significantly cheaper. Use your graduation $$ to pay for some college courses. That's the best investment for a 17 year old!

 

Re: Help me!!!!!!

Take your parents' $10k and put it in a REAL investment. After you get out of college, it'll likely be worth quite a bit more and your Civic will be ready to be traded in with a decent value (no more loan). Then go get your Shelby. Sorry, it sucks to be 17 sometimes.

Why don't you just talk your dad into getting a Shelby for himself that you can drive from time to time?

If you're set on making a bad decision worse, you can probably pick up a gently used 07 Shelby GT without IUP for around $30k - $31k.

 

Re: Help me!!!!!!

You could buy a descent 60's ford mustang for $10k. That's a great car for a 17 year old kid. If you take care of it and even fix it up a little bit, it will holds it's value and then you may be able to afford a Shelby down the road when you sell it.

 

Re: Help me!!!!!!

Read the post entitled "new member". If you think you are going to make money off a single used car, I would suggest there much better investments. Sorry to burst your bubble.

 

Re: Help me!!!!!!

If you want the shelby........then get the shelby.
Best Regards,
Vern

 

Re: Help me!!!!!!

How boring...this sounds like something a wise father would say...my dad told me the exact opposite when he relayed a story from when he was a young. He told me in 1959 he had the opportunity to buy a 1955 Mercedes Gullwing off a friend he went to law school with. The car was a gift from the guy's parents. The guy didnt like the car and thought the doors were stupid. He offered it to my dad for a cheap some. My grand father gave my dad the same advice and he passed on the car. He told me if you want something go get it...you only live once. And when you are 70 years old it will be a better story to tell your grand kids that "when you were 17 you had a sweet Shelby" i like that story better then "when i was 17 I wanted a Shelby and didnt get one...oh well..."
The moral of the story...if you want it make it happen!
However, if you are buying the car as an investment be ready to hold the car till you are 70...and i dont want to think of what cars will look like in 53 years.

 

Re: Help me!!!!!!

Hey Man, It’s great to be 17 years old! When I was 17 and think of the cars I could have had it makes me shake my head (side to side-not up & down) :-(

The younger generation should learn respect for these cars, and wanting one at a young age just shows you have good taste. If you wait a year or two you can probably find a real nice one used and you can also have a choice between a black & white, or a blue- a convertible??

Now, regarding investment, if you find a girl that appreciates the car as much as you do, then you may find her the best investment for the future.

Please remember, that these are very powerful cars and being young, you won't have that much driving experience. Be careful, wear your seatbelt, your passengers are precious cargo and they should wear theirs. Don't drink & drive- don't let drunks in your car (puke is hard to remove), and have respect for speed. Find a track to have safe fun on!

Good luck,

Old farts like many of us should not be the only ones who drive these cars. We envy you!!

 

Re: Help me!!!!!!

Way back when I was 17 I wanted a new Shelby those 69 GT500 were great looking cars. My Mom and Dad wouldn't let me get one, they probally knew I would kill myself. Well long story short I bought my Shelby last June. I drive it on nice days, never in the rain and it will be parked for the next three months. I plan on keeping it forever which will be an inheritence for my kids.
If you have the chance to get one, then get one, just be careful! We don't want to see another post about you getting hurt being stupid. ie see the "Shelby wrecked already post".

take care.

 

Re: Help me!!!!!!

Gotta' say, it is really unfortunate that more young drivers can't enter the Shelby market, not that the GT's are too expensive compared to other cars, just that all new cars are expensive and since "most" people who have Shelbys won't be selling them, picking up a used one could prove tricky. On another note, I have to say "Hat's Off" to Ford for making cars that folks can work on again! It adds a whole new dimension to muscle car ownership and driving!

Mambo

 

I just bought mine a few months ago im 32 always dreamed of owning one they arent cheap but I said to myself if I dont get it now I never will. I love this car what a head turner and offcourse its only a weekend car. Dont buy it for an investment buy it to enjoy it.

 

I would have to say that Buying a Shelby, (or Classic Muscle Car) would be a better (and more Fun) investment then anything lately on the Stock Market.
David.

 

To be totally honest I highly doubt that your new Shelby will even hold its value much less appreciate. Its a new car and regardless of how special it is, I don't think its going to go up, even in 20 years time. The only cars that are actual "investment cars" which you're going to see go up in value are vintage classics like 65-70 shelby's , fastbacks and convertibles from that same era. And as I hate to say this on a Shelby forum and being a Shelby owner myself, other cars like E-Body Dodge/Plymouth have huge returns as well. If I were you rather than buying a new car I would hold out till I find a steal on a classic that is a no doubt about it $ maker and also way more unique because you can't just go to the dealer and buy one. Not to mention the experience you get from restoring a car like that is priceless and if you're dad is into it you guys could have some quality bonding time. Just a thought. Good luck in whatever car you end up getting. You have good taste!

 

Dont for get that back in 1975 you could have bought a 1965 Shelby G.T. 350 for under $5,000.00 and in 1980 you could have bought one for under $15,000.00. SO who knows where the prices of the NOW new Shelby's will be 10, 15, 20 Years from now.
David.

 

Guy, don't let these guys talk you out of doing what you want and having fun with it. That being said, the new ones are probably poor investments. There are just too many to be much more than a (cool) used car. There were almost 6000 GT's and 11000 GT500's for 2007 alone. That being said, they are fun cars.

 

Finishing my thought above, I agree that a vintage Mustang of any sort is going to be a much better financial move. Also, many more people recognize the beauty of a common vintage Mustang than a really nice new one. My 1st car was a '67 Mustang GTA fastback, which I restored with my father. I found a solid '67 GT500 in '95 when I was 16 years old that was priced right. I too got some help from my parents with a short term loan to buy the not-so-nice Shelby while I sold the really nice GTA in Hemmings. Still have the car, restored now. There is always potential to move up with some hard work with the old ones, not true with the new ones, which I have played around with and appreciate also. Most of all, enjoy what you have by DRIVING it while looking forward to the chance to move up as your station in life does!

 

Hey I bought my first Shelby when I was 17. It was 1974 and I paid 2K for a 17,000 mile 67 nightmist blue 500. Being young and stupid I didn't hang onto it but it led me to other Shelbys and where I am today.

 

I was 23 in 1977 when I bought mine and paid $2400 for it. The good part is I've managed to keep it all these years.

 

Look at it this way. Unless you have a lot of money you can't afford a classic Shelby. So if you really want a Shelby, a new GT 500, even at a $50,000 +/- sticker price, it is the cheapest Shelby you are going to find. Get it.