FE Power Forums
FE Power Forums => Non-FE Discussion Forum => Topic started by: jayb on July 28, 2016, 06:40:52 PM
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Guess I'll keep the money... :-\
(http://fepower.net/Photos/Posts/Ford GT Application Rejected.jpg)
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I guess being a current GT owner and having a race-winning 1000hp Cammer is not enough! :o ::)
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Well that is actually good news for the rest of us... meaning... you will likely have more time and money to further the FE Power product line. 8)
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Well that is actually good news for the rest of us... meaning... you will likely have more time and money to further the FE Power product line. 8)
You are absolutely right about that, in fact that was one of my main worries if I'd been selected. I'd have had to put some product plans on hold for a while. Might have been worth it though, sure is a cool car...
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I had one approved through my contacts in Ford. However, the bank and my insurance company were not thrilled with the picture I sent them of the garage where the GT was to be kept, so they backed out of the deal. Dicks.
(http://1.bp.blogspot.com/_p84ziEnDHtY/Sw3v9bls59I/AAAAAAAABPs/USvOZ5xwFNk/s1600/Ghost+Town+Shack.jpg)
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BAHHH nothing that a Little paint cant fix
Good ventilation so it wont rust
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I guess being a current GT owner and having a race-winning 1000hp Cammer is not enough! :o ::)
Bummer!
Its been quite a while since I signed in here . . I rec'd the same letter. Would have been a total dream car no doubt!
(http://img.photobucket.com/albums/v513/CalypsoCoralBoss302/E6158630-30B8-459D-A815-F229F044A792.jpeg)
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Its been quite a while since I signed in here . . I rec'd the same letter. Would have been a total dream car no doubt!
Not a chance. Here's something in your actual real price range. http://www.ebay.com/itm/361614151856
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Hey Jay, maybe that letter was sent to you by mistake. It was actually meant to go to Leno. Better check on that.
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Oh well Jay, guess you'll have to add two turbo's to the 64 Galaxie and try to dominate drag week :P
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I can tell you guys feel sorry for me ;D
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I can tell you guys feel sorry for me ;D
You have enough toys to play with.Now stop you're whining........... :)
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I can tell you guys feel sorry for me ;D
I always feel sorry for someone who wants to spend over 400k on an ill-sounding six-banger automatic car that can't be driven because it's too rare. Boo hoo. Lots of 170 c.i. Cruiso-matic Falcons around here if you want to fit into a demographic.
Izzat enough pity? I can pile it on much higher if you want.
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Damn, Jay, you lost out to Captain Sparklez! How demeaning.
https://www.youtube.com/watch?v=YJIi_94RKvY
However, you can get back at Ford, maybe.
http://autoweek.com/article/car-news/collector-suing-ferrari-because-he-cant-buy-laferrari-spider
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I think a name change is definitely in order....Captain Cammerz Tah Dah
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I should have put in a request just to get a rejection letter. :'( ::)
Nice to know a whole TEAM is on staff to crush your dreams. ???
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Jay,
What if you had received an acceptance letter? Would you have actually purchased a new GT? Sure, it's going to be a collector car and end up trading hands much higher, but I bet Ford will have a timer on how long you have to own it before selling it. Like the P1, the new GT will likely never be sold second hand for less than the original price.
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Yes, I would have bought one. I was primarily viewing it as an investment though, and was planning to hold it for 5-10 years and then sell it. Of course, I haven't sold a performance car in 25 years ;D, so maybe I would have just kept it in the end...
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I do think Jay that would have been a great investment. after a ten year or so hold, I'd venture one could get 50-75% more than the list price, pretty good at a 5%+ per annum growth rate!
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I told you that you should have used me as a reference on your application! 8) Anyways, you'll be able to snag one of those for 1/2 price in about 2 years.
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Ford would have been pissed anyway when you put a massive Cammer in there and dominated dragweek :P
I can see the headlines now
"Nearly Canadian man wins drag week with an engine built in his garage, crushes Ford Engineering's dreams."
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Ford would have been pissed anyway when you put a massive Cammer in there and dominated dragweek :P
I can see the headlines now
"Nearly Canadian man wins drag week with an engine built in his garage, crushes Ford Engineering's dreams."
haha, so true!
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"Nearly Canadian"?? ;D ;D ;D
I'm a few hundred miles away. Now excuse me while I go have a Molson...
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Anyways, you'll be able to snag one of those for 1/2 price in about 2 years.
Unlikely. I have a feeling the new GT will appreciate in value similarly to the 05/06 GT. Those cars have easily doubled in value in 10 years, and a little more than 4,000 of them were built. With only 500 made, I figure in 10 years it will be trading hands around $1M. Oh and expect like 50 of them to be destroyed beyond repair.
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Anyways, you'll be able to snag one of those for 1/2 price in about 2 years.
Unlikely. I have a feeling the new GT will appreciate in value similarly to the 05/06 GT. Those cars have easily doubled in value in 10 years, and a little more than 4,000 of them were built. With only 500 made, I figure in 10 years it will be trading hands around $1M. Oh and expect like 50 of them to be destroyed beyond repair.
I'm guessing that statement was made tongue-in- cheek. Even a Mopar guy has to acknowledge deity when he see's it ;D
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That's a serious prediction. My crystal ball tells me that these cars will take a big hit in resale value in 2 years, languish there in the 200K to 300K range (depending on condition ) for about 2-5 years, then slowly creep up with inflation until 2026, then take off when they are rediscovered.
Only time will tell.
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Jay did you send (video/picture) documentation of your FORD GT at Drag Week?....
Previous Owner & National Attention (not to mention Winning Class) I'd have thought would be a shoe in.... Only making 500 I believe they stated - so that's a small pie to spread around.
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That's a serious prediction. My crystal ball tells me that these cars will take a big hit in resale value in 2 years, languish there in the 200K to 300K range (depending on condition ) for about 2-5 years, then slowly creep up with inflation until 2026, then take off when they are rediscovered.
Only time will tell.
In that case put me down for 2 of them!
I missed out on my '67 Shelby (selling it for $4500) I turned down a mint Pantera for $18,000, I wouldn't go to 45K on a '69 Boss 429 and I thought a little over 100K was too much for the '05 GT. I keep messing up on car investing and this time if they come down around 200K I'm going to get one.
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Jay did you send (video/picture) documentation of your FORD GT at Drag Week?....
Previous Owner & National Attention (not to mention Winning Class) I'd have thought would be a shoe in.... Only making 500 I believe they stated - so that's a small pie to spread around.
I did not send a video, but I mentioned the win at Drag Week and the car's appearance in Hot Rod magazine, and also (believe it or not) in Diesel Power magazine. Also sent links to the web site and my Drag Week 2006 blog, and assorted pictures. I had to throw it all together at the last minute because I'd been spending a fair amount of time with my wife, who was in the hospital for a stretch, and didn't really want to think about anything else...
My understanding is that a large Facebook profile was important to the people deciding who got the cars. I have ZERO Facebook profile; I don't care for that site. If that's what it took, then I had no chance from the start.
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That's a serious prediction. My crystal ball tells me that these cars will take a big hit in resale value in 2 years, languish there in the 200K to 300K range (depending on condition ) for about 2-5 years, then slowly creep up with inflation until 2026, then take off when they are rediscovered.
Only time will tell.
True, only time will tell. If it does drop to $200-300k, there will be a lot of people buying them as investments. The 500 unit production run is what tells me that the new GT will never fall below list price.
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Guess I'll keep the money... :-\
(http://fepower.net/Photos/Posts/Ford GT Application Rejected.jpg)
Jay, I just got a email from Ford saying they are adding 2 more years to the Ford GT Program . . One can update info starting in 2018.
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Jay, go for it!
Get that Facebook page too and link it here and to other Ford Forums. It's painless, trust me, and you will get lots of free 'Net ink! Woo-Hoo!
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Jay did you send (video/picture) documentation of your FORD GT at Drag Week?....
Previous Owner & National Attention (not to mention Winning Class) I'd have thought would be a shoe in.... Only making 500 I believe they stated - so that's a small pie to spread around.
I did not send a video, but I mentioned the win at Drag Week and the car's appearance in Hot Rod magazine, and also (believe it or not) in Diesel Power magazine. Also sent links to the web site and my Drag Week 2006 blog, and assorted pictures. I had to throw it all together at the last minute because I'd been spending a fair amount of time with my wife, who was in the hospital for a stretch, and didn't really want to think about anything else...
My understanding is that a large Facebook profile was important to the people deciding who got the cars. I have ZERO Facebook profile; I don't care for that site. If that's what it took, then I had no chance from the start.
From your above comment, I take it that your wife had some sort of health issue. Without any sort of intent to get into your business, I hope everything's now good. I believe prayers are always appropriate in such circumstances and you folks have mine.
KS
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I think you'd be a good one to select for a new one but I guess "the team" at Ford didn't agree. I almost bought one of the GT's back in '06...they had one on the showroon floor at the local dealer...marked up 100K. I told them I'd buy it for MSRP but they wouldn't budge. It was there to bring in traffic so if they were going to sell they were going to make a nice profit. They sold it after about a year for right around the sticker, but by then I wasn't interested.
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They sold it after about a year for right around the sticker, but by then I wasn't interested.
I bet you're kicking yourself now. You couldn't get one today for sticker if you sold your first born as part of the payment. A typical GT goes for $300k now, a rare version (Tungsten or Heritage edition) will go for $400K+. A delivery miles only GT, of any option, will go for high $300k too.
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They sold it after about a year for right around the sticker, but by then I wasn't interested.
I bet you're kicking yourself now. You couldn't get one today for sticker if you sold your first born as part of the payment. A typical GT goes for $300k now, a rare version (Tungsten or Heritage edition) will go for $400K+. A delivery miles only GT, of any option, will go for high $300k too.
Actually....yeah, I look back now and think what a dumbass I was for not buying it. But it's not the worst mistake I've made.....
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That's a serious prediction. My crystal ball tells me that these cars will take a big hit in resale value in 2 years, languish there in the 200K to 300K range (depending on condition ) for about 2-5 years, then slowly creep up with inflation until 2026, then take off when they are rediscovered.
Only time will tell.
True, only time will tell. If it does drop to $200-300k, there will be a lot of people buying them as investments. The 500 unit production run is what tells me that the new GT will never fall below list price.
Now they are doubling the production, adding another 500 cars. With the original limit gone, how many who wanted one due to the scarcity will now take a wait and see attitude? Definitely a recipe for depreciation in the next few years.
https://artofgears.com/2016/08/24/ford-gt-production-continues-iconic-supercar/
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It will still be a ultra-rare car at 1,000 units. Heck, they could sell 2,000 GT's for $400k and it would still be a rare car that holds its value. Look at the LaFerrari, Carrera GT, 918 Spider, F1, P1, any Koenigsegg, Pagani or Bugatti, etc. They all hold their value, and always will, due to their scarcity and sex appeal. And the GT has loads of sex appeal and has always pulled off being rare, even at 4,000 units. If I was a banker and someone with a decent financial ability applied for financing for a GT, I'd approve it even if there was a chance I'd have to reposes the car. Actually, I'd secretly want that to happen, so when I sell the car at auction I'd make more than the car loan. The new GT is about as solid of an investment as you can come by these days. The banks that stay on top of the car world know it, and will fund rather unknown (in terms of resale value) vehicles like the McLaren P1. 10 years after this new GT is no longer made, I see it trading hands above $1M. Worst case scenario, the new GT never drops below list price. Ever. Should it happen, anyone with the means and half a brain should buy said car immediately because the market won't stay that way.
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I can tell you guys feel sorry for me ;D
yes, that is quite a problem to have :D