Law suit over Mustangs
Post Fiend
Joined: Jun 2001
Posts: 5,228
Likes: 5
From: Running Springs CA
Anyone who thinks that you can make a profit on a new car purchase is smoking something. I remember back when Buick made the "last" convertibles. People paid a premium for them. Look what happened, Ford and Chrysler brought the American convertible back a few years later. What is the "collector" premium for a 1970-something Buick ragtop now?
Jim
Jim
Post Fiend
Joined: Jan 1997
Posts: 23,165
Likes: 18
From: Enjoying the real world.
To me it makes perfect sense. There are many items people in this world pay for in order to have "exclusivity". People buy homes this way. They buy high end cars this way. They buy high end watches that do the same thing a low end watch does.
They go to private resorts..... Now, if you went to a private resort and paid the high price tag on the promise that the private beach would have a maximum of 100 guests and you get to the beach and its packed with hundreds... you were lied to. Now if they said "100" in section 2007, 100 in section 2008, etc. .... they were up front about it. It's all going to come down to how this was worded to the public.
As to buying a car for an investment... I'll agree that's a bad decision.
They go to private resorts..... Now, if you went to a private resort and paid the high price tag on the promise that the private beach would have a maximum of 100 guests and you get to the beach and its packed with hundreds... you were lied to. Now if they said "100" in section 2007, 100 in section 2008, etc. .... they were up front about it. It's all going to come down to how this was worded to the public.
As to buying a car for an investment... I'll agree that's a bad decision.
Elder User
Joined: Mar 2003
Posts: 692
Likes: 1
From: Saratoga USA
This whole thing is stupid. Those Roush and Saleen Mustangs will never be all that collectible anyway, the ones that will are the GT500 and the Bullit. The workmanship on the Roush units I've seen locally really leaves something to be desired, and is not on a par with the 100% Ford produced products anyway. For example, the supercharged GT500 has internal modifications to the 5.4 for durability, Roush just slaps the blower on a stock 4.6. Plus, the "high school" option body mods really do not fit the lines of the car at all. Just my humble opinion. This is another one of those BS lawsuits, looking for deep pockets (FoMoCo).
Post Fiend
Joined: Jan 1997
Posts: 23,165
Likes: 18
From: Enjoying the real world.
I've just seen more data. The lawsuit is frivolous. Even the authenticity plate on each vehicle states that it was 100 in 2007 only. So, based on that I retract my previous remarks about it possibly having merit. Had Roush left out the year and simply said only 100 then the suit would have merit.
Thread Starter
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Elder User
Joined: Sep 2003
Posts: 678
Likes: 0
From: Central, MA
Amongst Mustang enthusiasts all kinds of Mustangs are collectible.
Granted some are more desirable than others.
For example, people who like the Fox Chassis GT’s will pay premium prices to get an excellent early Saleen car. The ultimate store-bought cars will always be in a collector’s eye. Look what happened to the Shelby Mustang Products. People are building clones.
Besides those there are other Mustangs that are very sought after by some.
Ever hear of a Mustang GT Predator or Mustang Twister II?
1982-1993 Mustang GT Registry Photo Gallery - 1984 GT's Mustang GT Predator
1982-1993 Mustang GT Registry - 1985 Twister II Mustangs Mustang Twister
Yeah, it all sounds pretty silly!
Hotshot
Joined: Oct 2002
Posts: 18,488
Likes: 22
From: The Big, Oregon
Ken, I tried to rep you but need to hand out more first. It takes some class to come out and retract a statement you have made like that.
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