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A good friend of mine just got the good news. He will be getting a GT Ford. The video he sent in was amazing. Funny and serious with a couple of celebrity endorsements thrown in for good measure. He will also be getting a 911R.
Did you send in the dog and pony show video, or ?....
I did the or......the short version is I filled out a VIP form for the 350R and a separate form for the GT. I will get the first in September, and the latter we will see. The list of VIPs for the GT is very long and very special and somewhat elusive. I did not do videos and other stuff as I really don't have the time and I can't imagine any car that would make me do that. I will be in Dearborn in a couple of days and will report back. I believe that I do qualify for the GT. And if I get one I would keep and drive.
The process is said to reward loyalty, but given the small number of GTs available, most likely it will tend to reward buttkissing, insider access and self-promotion.
Also, because they did not vet people financially as part of this process, my bet is that many of those chosen on the strength of their social media credentials -- those that don't have a long track record of buying and keeping Ford vehicles -- will not ultimately turn into purchasers of a $450,000 car for which no bank financing or leasing will likely be available or feasible.
What Ford should have done is auction these cars off -- perhaps a Dutch auction. If they had done that, coupled with a substantial down payment requirement, they could have guaranteed that they captured full value for the car plus had higher odds that the winners would be creditworthy.
An auction at least guarantees that those who value the car most will be those that get it. I'm not sure what their process guarantees except a lot of hard feelings.
In any event, the market has a way of winning in the end. I suspect that many of these cars will end up on the market and, effectively, we will have that auction in the end.
In any event, life goes on, who knows how long that will take, and for now I'm just enjoying my GT3 RS!
I applied also - would say approx 0 chance of getting one.
As for markup - I would guess they trade $1-$1.5 mil on the 2ndary market
I don't think that is far off, and for the life of me, I cannot figure out why Ford would not have structured things so that they could capture a good deal of that value.
In the end it doesn't matter to the enthusiasts. Those willing to pay the most for them will end up with them.
I think the main appeal for this car is the fact that you can't get it. I think that if everyone could get one they wouldn't sell thousands of them.
Plus the majority buy it as an investment. They can sell it for profit even years down the road.
I personally have principles and wouldn't embarrass myself sending videos and letters begging Ford to take my money. GTFO with your car! It's a car,how lame can one get?!
07-28-2016, 10:27 AM
I will be at Ford next Tuesday regarding my confirmed '17GT350R and my TBD GT.
