1968 Mustang GT500 for Sale

2184 Views 32 Replies 22 Participants Last post by 69bossnine, 6 mo ago

jeff69ragtop

Discussion Starter · 6 mo ago

Hi All, over the years always wanted a real deal Shelby and this one is for sale, 68 GT500 looks clean, I asked the seller if Marti Report and or in the Registry, figured that was important questions for 125K. Seller kinda jumped on me and did not know what I was talking about um ok (I'm a Chevy guy). Told me that is this a NOM 428/4 Speed and would be asking 250k if a number car.

So they upped it to 140K, whats your take on a car like this. Located in New Jersey.

You would think take better pics for 140k?

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kkupec02

· #21 · 6 mo ago

You can go to SAAC.com and get the name of the 1968 Shelby registrar. Call him

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Master Hack

· #22 · 6 mo ago

1968KR said:
Build tags are typically held on by phillips screws. No issue there.

Wow seems very hacky way to attach. If I came up with that method I would be disappointed with myself. I guess I dont need to say "I'm no expert on shelbys.."

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Turnall

· #23 · 6 mo ago

Master Hack said:
Wow seems very hacky way to attach. If I came up with that method I would be disappointed with myself. I guess I dont need to say "I'm no expert on shelbys.."

Lol, me also. This thread is a bit eye opening for me with the expertise weighing in on the price and expectations of said price.

Good stuff.

I harken back to the opportunity to buy a '66 K code (w/o original engine) and thinking how much it was like a "regular" Mustang. I still haven't figure out what I was expecting...

Allen

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Chris Heinis

· #24 · 6 mo ago

Not to be a jerk but why do you want a Shelby. Have you driven one? There is a reason there are so many restomods now. They actually bring more money than the Shelbys and are fun to drive

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69bossnine

· #25 · 6 mo ago (Edited)

Chris Heinis said:
Not to be a jerk but why do you want a Shelby. Have you driven one? There is a reason there are so many restomods now. They actually bring more money than the Shelbys and are fun to drive

Not to be a jerk either, but you are coming from a direction that has little understanding of the classic car hobby. Some people spend enormous amounts of money on toys. Others spend/invest money on history, artifacts, and memorabilia. The former depreciates, the latter appreciates. And the latter provides a time machine experience to our predecessor's joy. The people who pay big money for restomods have an ENTIRELY different motivation and goal. It's all good, I support it all, but it's two totally different investments, different dreams, different definitions of fun and satisfaction.

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vegasloki

· #26 · 6 mo ago

Chris Heinis said:
Not to be a jerk but why do you want a Shelby. Have you driven one? There is a reason there are so many restomods now. They actually bring more money than the Shelbys and are fun to drive

Collectability, scarcity. A piece of history rather than another six figure custom. Being a restomod doesn’t automatically mean it’s going to fetch more. It depends on the builder. That’s where the pedigree comes from. A modern component, classic look like from Classic Recreation or Revology is $250-330k. A Shelby Mustang from the vintage period is mid $100s-high $400k. It’s the scarcity and history that drives the the classic value. If you look at the pricing over the last few years the restomods haven’t appreciated at the same rate as the classics.

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sheza65

· #27 · 6 mo ago

If I buy a Shelby, then I will have to see it in person. That's a big investment to be dependent on someone else's opinion.

As far as the price, the seller has been watching too many episodes of Pawn Stars and learned a poor negotiation tactic.

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1968KR

· #28 · 6 mo ago (Edited)

"If I buy a Shelby, then I will have to see it in person."

Nailed it! it typically ends up being flippers that dont do this. There are several cobbled together and poorly restored cars for sale right now on another website and the sellers and bidders are clueless.

...you dont have to go to saac.com for the Registrar, just ask for his email 😉

[email protected]

I can tell you what hes going to say...

...have the body inspected and research the history. The hardest thing to do with these cars is determine if the original tags came with the body being presented. It is not for amateur night and its easy to get smoked

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Klutch

· #29 · 6 mo ago

I like the way older cars drive. But sure, I can appreciate a new car as well. I see it as a Betty or Veronica question.

I would really like to own a 60s Shelby for many reasons. First and foremost is they're cool! I've never driven an an early Shelby, but I think I would like it. I have driven a 2011 GT500 and I did like that car. But it's a completely different experience.

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GradyStang

· #30 · 6 mo ago

I'd love to find an old Shelby that was all original for a fair price, but I'm not sure if I'd have any fun owning the car as it would likely just sit in my garage. I'd always be worried about someone hitting me while driving it or I'd be worried about doing any sort of modifications to the car to make it anything different from stock. The great thing about my cars is that they are so different from how they came from the factory that it's never a concern for me to change something up on them. For a Shelby on the other hand, you'd be paying top dollar for something that you likely wouldn't ever be able to change up or make your own, and you'd have to likely replace everything with NOS parts and so forth, or at least I would. Which would get even more costly. While it would be cool to say that I have an original Shelby, it's simply not practical for me just to say I have one and for the "cool" factor.

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Klutch

· #31 · 6 mo ago

GradyStang said:
I'd love to find an old Shelby that was all original for a fair price, but I'm not sure if I'd have any fun owning the car as it would likely just sit in my garage. I'd always be worried about someone hitting me while driving it or I'd be worried about doing any sort of modifications to the car to make it anything different from stock. The great thing about my cars is that they are so different from how they came from the factory that it's never a concern for me to change something up on them. For a Shelby on the other hand, you'd be paying top dollar for something that you likely wouldn't ever be able to change up or make your own, and you'd have to likely replace everything with NOS parts and so forth, or at least I would. Which would get even more costly. While it would be cool to say that I have an original Shelby, it's simply not practical for me just to say I have one and for the "cool" factor.

My dream car is a '68 GT500 KR. If owned one, I would drive it!

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Chris Heinis

· #32 · 6 mo ago

69bossnine said:
Not to be a jerk either, but you are coming from a direction that has little understanding of the classic car hobby. Some people spend enormous amounts of money on toys. Others spend/invest money on history, artifacts, and memorabilia. The former depreciates, the latter appreciates. And the latter provides a time machine experience to our predecessor's joy. The people who pay big money for restomods have an ENTIRELY different motivation and goal. It's all good, I support it all, but it's two totally different investments, different dreams, different definitions of fun and satisfaction.

I have quite a few old cars. 10 or so (ie my concours 428 SCJ 70). They are nice but I have 4 lifts. My son calls the ones I don't drive top of the lift cars. I guess that's why they sit there. I guess I don't understand all this old car stuff............
I am 54 and like driving my newer stuff........

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69bossnine

· #33 · 6 mo ago

Chris Heinis said:
69

I have quite a few old cars. 10 or so (ie my concours 428 SCJ 70). They are nice but I have 4 lifts. My son calls the ones I don't drive top of the lift cars. I guess that's why they sit there. I guess I don't understand all this old car stuff............
I am 54 and like driving my newer stuff........

We're 1 year apart in age. And ironically, I have a '70 428CJ deluxe sportsroof (not SJC, but factory a/c!), which is a ball to drive.

I enjoy driving newer stuff as well, but my newer is newer, and my old stuff is old stuff, and I choose not to muddle the two... My biggest kick and satisfaction is in having the old stuff so dialed-in, so "right", that they drive like brand new and really give that time machine experience. The idea of being able to experience what it would have been like back in the day, to walk out of the dealership with paperwork in-hand, and hop into a brand-new whatever and drive off the lot, totally geeks me out. So that's always been my obsession. And when they're right, they run and drive heavenly.

You also confirmed my fear about buying stacker lifts LOL. I'm getting to the point of being pretty-much out of space, so of course I've had folks suggest to me "you need to buy some lifts!", to which I reply "I have a feeling that the top of the lift is where good running/driving cars go to die. I'd get a bunch up there, and they'd never come down again, no thanks.."..

It's all good, but I wouldn't trade my '68 KR for a few modern Shelby's, or a high-end-build restomod, for all the tea in China. The KR oozes nostalgia and history (plus it was my mom's daily grocery-getter way back). The others don't push those buttons on me.

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