Not all flippers are created equally.
Every week we highlight one car for sale on Craigslist that you wouldn’t expect to see on the site, like a Lexus LFA or McLaren 675LT. Now, when it comes to supercars and Craigslist they all usually have one thing in common: They are being sold by a dealership, not a private party. That makes it all the sweeter when you see a regular gearhead using Craigslist to sell a rare and powerful car, say like the 2016 Ford Mustang Shelby GT350R. Wait, haven’t we already covered this car in this series already?
We did see a Shelby GT350 for sale but that was listed by a dealership in Dallas, Texas; this one is for sale in Novato, California. In addition to being two different cars (that are sort of exactly the same) the Shelby GT350 didn’t carry nearly as big a markup as this GT350R. Whereas the GT350 was being sold for $20,000 over MSRP at $67,040, that includes the $7,500 optional Technology Package, this GT350R is listed at a whopping $99,500. That’s more than $30,000 over MSRP! Yes, that money gets you a 5.2-liter V8 engine good for 526 hp and 429 lb-ft of torque. And yes, that flat-plane crank V8 makes a wonderful sound. But is it really worth $32,460 over its sticker price? Wait, how do we know the owner even paid sticker?
Dealerships are run by people with a great command of the laws of supply and demand. Remember that the GT350 we saw for sale in Dallas was listed for thousands of dollars over its MSRP. There are also the options. Those racing stripes cost $475! The owner of this car also opted for the $3,000 Electronics Package which makes the Mustang more livable with the addition of air conditioning and a radio (but still no back seats). And then there’s the fact that you get a GT350R that’s ready to go now. At the end of the day that’s really what you’re paying for any time you see a car like this for sale the second after it came off the line. And that’s not such a bad thing. Hell, we'll go so far as to say that this seller is doing some people a service.
We’d bet that over half the folks on the waitlist for a GT350R would gladly fork over an extra $20,000 if it meant they could take delivery in two weeks instead of two years. To some gearheads time is worth more than money, especially when time is measured in tire-shredding seconds. At the end of the day a flipper like this isn't someone you should hate. Their profit is so minuscule compared to others in the game, like these guys. Besides, it’s likely they’re selling the car to an enthusiast (albeit a rich one) who wants nothing more than to go tear up the track ASAP in a new GT350R. All we ask for is honesty. Everyone knows you just want to make a quick buck and are not selling because you absolutely have to. No need to front.