Filed under: Sports/GTs, Auction Action, Ford
Shelby GT-H flies off the block for $250K
Well, it looks like the market's been set for the Shelby GT-H.
FoMoCo , Shelby and Hertz donated one of the 500 Hertz Mustangs to the Experimental Aircraft Association (EAA) to be auctioned at their Gathering of Eagles fundraiser earlier this week. Given the rarity of the car and the bloodlines that stretch back to Shelby's 60s-era Rent-A-Racers, it was expected to pull in big dollars -- and it did: $250,000 to be exact.
The remaining 499 cars will see duty at selected Hertz outlets as part of the the company's Fun Collection, after which they'll trickle into the hands of Ford dealers and likely cross the block at some high-profile auctions. Who wants to bet that the first GT-H to show up at the cash tornado otherwise known as Barrett-Jackson eclipses that $250,000 figure?
[Source: EAA via Winding Road]
Reader Comments (Page 1 of 1)
Kamil 10:25PM (7/29/2006)
I saw one of those parked in my Boston garage about a month ago. Didn't have a camera on me, but the exhaust looked after-marketish but nice, and the hood looked mean.
Auto trans and Hertz pamphlets inside.
Reply
Scott Eaton 11:19PM (7/29/2006)
Same here in San Francisco about a month+ ago. Some dude driving. I love the style of the H.
Reply
DJ 1:58AM (7/30/2006)
yea(number 1), I live in the Boston area...saw a GT-H, great looking car but the cost is insane to people who actually enjoy driving. Also and I could be wrong but this seems, like a silly marketing idea, the GT-H's will get 100 miles a day “limit” with about 30% of the people who rent them, the other 70% wont give a dam about the limit and if there willing to pay $350 a day then I’m sure the extra mileage cost wont kill them( the whole cost of this car is nuts)...back to my point, these cars will gather around 40,000-60,000 miles and the be sold off at barret-Jackson events and gather alot more money then 250,000,,, my point being this, the GT-H should have been a fun car for everyone to rent, if your going to drop 350 and have a 100 mile limit, rent an exotic car from a real rental place...you can have a 2006 Lotus Elise for $295 a day and no mile limit, for an extra 30 bucks they pick you up from the airport...call me whatever you want but I'd take a yellow Lotus over a mustang any day...dont even give me the practically /space of a Lotus argument...its a 350 dollar mustang with 350 HP/340 PFT… practically was long gone
seeing one though, they do look pretty dam good
Reply
Sam 11:25AM (7/30/2006)
It's a nice Mustang, but who would pay $250k for it? Ahem, there's the Shelby GT500 coming out post haste, which will blow the doors off a GT-H.
Reply
bob 12:25PM (7/30/2006)
Must have seen the same one in the boston area on 128.
DJ - Where can I rent the elise from? I've been dying to try it out.
Reply
jakethewhale 12:43PM (7/30/2006)
I rented one in Orlando in June for $150 a day. It was a blast to drive, had a great exhaust note and caught a lot of attention. I burned through a tank of gas in 200 miles.
The real issue is why anyone will pay a premium to buy a car out of the Hertz fleet. The car I rented had less than 300 miles when I picked it up. I did not observe any break-in tactics and none were offered. I felt bad about redlining a new engine but did ring my value out of it. Good luck to the poor saps who choose to maintain these long term. These cars will be the poster children for run hard and put away wet.
Reply
DJ 1:05PM (7/30/2006)
Its a small rental place in Portland, sucks that its in Portland but I'm going there next summer for a wedding and in doing some reading about the area (never been there before) I found an exotic car rental service directory of America there cars are not that great but the cost of the Elise is incredible.... sadly no place to rent a Elise in Boston that I have found.
http://www.dreamcarsnw.com for Americas cheapest Elise
http://www.gothamdreamcars.com for NYC and surrounding areas..has some amazing true super cars F430'S, Ford GT's, Gallardo (hard top or convertible) and a really gorgeous Aston Martin Vanquish
http://www.exoticcarrental.com/ for a general exotic car rental directory by state for a general exotic car rental directory by state
Reply
T_biz 1:43PM (7/30/2006)
Are you kidding me? A mustang for $250K? Has the world gone mad? That is more expensive than a SL65 AMG fully loaded. Just because Shelby was willing to put his name on it for some amount of money?
I am sorry but the build quality of all Ford cars is crap, cheap plastic panels, metal joints that aren't brushed and don't fit well, doors and windows that squeak. Not to mention that the car can't handle at all. In a straight away its a fast car but try steering and accelerating at the same time.
I wouldn't buy this car for $25K much less $250K. I'll say to this what I have said about people who buy Jaguars, They have money but no sense.
Reply
Mark Rabinowitz 2:31PM (7/30/2006)
#3, the Hertz website quotes a price of $117 for LAX. Don't know where you got the $350 number. Is that what it's renting for in Boston!?
Reply
LMdealer 3:13PM (7/30/2006)
I was quoted $185 per day with unlimited mileage at Las Vegas for next week.
Reply
KT 7:11PM (7/30/2006)
#9 you must be going to Vegas for the new car preview. I wonder how many of the GT-H's will be rented out that week!
To the guy who says the Stang can't handle...look at the standings in the Grand American Cup race series from last year.
Reply
cowboy bob 7:27PM (7/30/2006)
Befor I retired, I traveled a lot for my company. I rented more cars than I can remember. I do remember, however, a standard maxim for all renters- "Nothing outperformes a rental car". I know what I did to some of those cars, and believe me, I wouldn't EVER buy a former rental car! I played "bumper" cars with a buddy at 90 MPH on the I90. ( lost a grill.) Went fourwheel'in on the dunes with a Lincoln Town Car. Climbed a small mountain in a DeVille. Wrecked two Mustangs. Tore the front tires off a Bonneville jumping curbs at the malls. And more. I never lost a bet on who could get to the airport first, and ALWAYS knew just how fast any of these rentals were. Thank God they didn't belong to me,
Reply
T_biz 8:08PM (7/30/2006)
Okay that was hilarious, I just went for a ride and I saw a guy stop in front on my in the parking lot with one of these. He said he got it from John Wayne Airport Hetz for $117/day unlimited miles. When I told him that one sold for $250K he almost fell. He said maybe its work $25K.
Reply
DJ 12:48AM (7/31/2006)
Cowboy bob your the man
Reply
Ethan 10:33AM (7/31/2006)
The Hertz Mustang isn't worth 250K, remember this was a charity auction. I believe the first (or maybe 2nd) GT500 went for 600K at Barret-Jackson in January... that was to benefit Shelby's charity for kids. Nice to see people with big pockets donating some serious coin for good causes...If they were REALLY nice, they would donate the car back to be auctioned again....
Reply
JakeD Snake 5:53PM (7/31/2006)
hey, I ran one around this weekend, paid the price and got my moneys worth. and NO they are Not! worth 250K unless you have money/gas to burn. you can buy ALL the "Ford Raceing" parts you need to make one from a "GT" just like SHELBY did, nothing beats people telling you how they "have one on order" or "That's a Fake?!" you have to RENT one, before you say anything about them, Looks,Stares and Glares it was Great!
Reply
Beckles 10:12AM (8/01/2006)
I doubt any of the other Shelby GT-H's will exceed this sales price any time in the near future for three reasons:
1) This is the first one to be owned privately;
2) Unlike the other 499 this one is not a used rental car with 20,000+ miles; and
3) The price paid over the sticker price for this vehicle being auctioned for charity is tax deductible, which will not be the case for those sold by Hertz after their use as a rental.
Reply