Ford GT | Spotted
Two years and 600 miles = massive appreciation
No-one will be surprised to learn that some Ford GT owners who’ve patiently waited for the two-year no-sell waiver to lift have now put their cars up for sale. The act of buying and then immediately selling a car for financial gain - the frowned upon act of flipping - is generally considered sacrilege in these parts. But when the profit margin equates to more than 100 per cent of the original price, it’s easy to see how temptation might creep in. There are several GTs in the classifieds now - more than one doomed, you suspect - to a life of infrequent, value-protecting use.
The car we’ve selected today - a 2018 model with just 600 miles on the clock is up for a fiver short of £900k. Nine hundred grand. That's £400k more than the car was originally listed for in Britain. Ford’s decision to only offer its GTs to customers that successfully passed an application process – specifically intended to filter out flipping culprits – has had the ironic knock-on effect of making resale all the more appealing.
It’s conceivable of course that Ford undersold it in the first place. The GT is as exotic as they come, evidenced by the place that builds each car, Multimac. The Canadian firm builds Ford’s GTE racing machines, so the supercar is literally constructed in the same workshop space, using the same techniques, by the same people as proper Le Mans racers. As you may remember, the racing car was actually the priority for development from the very beginning – Ford didn’t set out to create a supercar that it then took racing; it was exactly the opposite. Hence the GT’s tight hips and aerodynamic carbon skin, carbonfibre monocoque and pushrod suspension.
With its mid-mounted turbocharged 3.5-litre EcoBoost V6 driving a seven-speed dual-clutch gearbox, the car produces 656hp at 6,250rpm. And thanks to its racing construction, that gives it a power-to-weight ratio of 474hp per tonne. But it’s the razor sharp feel, so reactive and so – well – race car like, that really sets the GT apart from more convectional supercars. This is a performance machine of serious repute. Which has undoubtedly contributed to its used valuations…
As will knowledge that getting a new GT remains a tremendously difficult task, even with the third batch of 500-run cars on sale. Demand still outstrips supply, meaning that a very wealthy few will always find a way to skip the queue. Today’s Spotted is aimed at exactly that sort of person, although it obviously doesn’t preclude the possibility that said custodian might be buying the car to drive the wheels off it. The Liquid Grey with stripes GT has been recently serviced and as far as we can tell, is entirely ready to rock and roll. Whether that justifies the gigantic asking price, we’ll leave to you to decide. But as far as turn key Le Mans homologation machinery goes, there is none better.
SPECIFICATION - FORD GT
Engine: 3,497cc, V6, twin-turbo
Transmission: Seven-speed dual-clutch auto, rear-wheel drive
Power (hp): 656@6,250rp
Torque (lb ft): 550@5,900rpm
MPG: c. 14
CO2: N/A
Recorded mileage: 600
First registered: 2018
Price new: £500,000
Yours for: £899,995
The only fly in the ointment is that they made so many.
Also Ford: "taking advantage of this car's limited production in order to make a quick buck is terrible and we don't want to sell to people doing it"
I can appreciate the business savvy, but that's still some properly brazen hypocrisy.
That, of course, assumes that they actually sell for anything like the advertised prices - relatively few have gone through auction, where the actual sale price becomes public.
Oh, and they’re still building them, I think they are on the third batch of 500 now, which is a lot of cars compared to other limited edition specials out there - even if they can claim to be genuine Le Mans racers with number plates.
£900k buys an awful lot of much more exclusive and faster cars, hell a £200k 720S beats it in a drag race and stays with it around the track.
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