The 2005 Ford GT gets the full going over by Hagerty’s in-house automotive appraiser Colin Comer. Remembered today as a great supercar, the 2005 edition of the Ford GT brought back a legendary classic and reimagined it for a new era.
Now considered a coveted classic, the 2005 GT is a prized collector’s car. Some examples of the American supercar now sells for eye-watering prices at auctions around the world. The big question is what Comer deems this specimen of the Ford GT to be worth.
After a chat with the owner and an inspection of this classic car, Comer comes back with some interesting revelations about this vehicle’s condition that shed light on this car’s history and its current market value. But, how much can driving a Ford GT on a regular basis can affect its true value? We find out.
The 2005 Ford GT Is A Supercar Icon
The episode begins with Comer meeting the owner of this particular 2005 Ford GT. The owner is “living the dream” while driving this iconic supercar, revealing that he was instantly interested the first time he saw it released at auto shows back in 2005.
Having bought one himself, he’s proceeded to drive it extensively, putting 31,000 miles on it over the last few years. This example of the GT has been largely well-loved, but a cursory inspection reveals its showroom condition hasn’t been rigorously maintained.
The first thing Comer points out is that the 2005 Ford GT is actually a great driving car. Powerful, poised, and surprisingly comfortable on the road, according to Comer they rarely get many miles put on them. That makes this particular specimen something of an outlier. It will be interesting to see how this supercar has held up to the wear and tear of the road.
The Original Ford GT Was Available With Four Special Options
With the owner ushered away from the car, Comer begins his detailed inspection of the Ford GT. The goal is to determine what this car’s current market value would be were it put on sale.
To start things off, Comer notes that it’s actually unusual for the original buyer to still be in possession of their GT. That shows this car has been in good hands, but also foreshadows how this car has seen a lot of use. This isn’t an investment car or showroom specimen, but a car that’s had its fair share of time on the open road. Something Ford would be proud of, that it hasn't lived the life as a garage queen.
The first thing Comer notes about this car is that it has all four of the available options offered on the GT in 2005. These include the “racing stripe” paint job, BBS wheels, painted calipers, and a McIntosh stereo. This optioned-out GT will be worth a bit more on the market than one that doesn’t have these factory options.
The 2005 Ford GT has a great reputation because of its superb reimaging of the iconic Ford GT40 heritage that inspired it. Powerful, racy, and true to the design cues of the legendary 1960s Le Mans racer, this car was an immediate hit and has been popular on the secondary market ever since.
Looking under the rear hood of the car, Comer notices that the engine was tuned. A modified supercharger and exhaust have upped the horsepower available from the factory powertrain.
Other than that, the engine is clean and in great condition. There’s nothing much to worry about other than the few thousand miles it’s accumulated. The same goes for the exterior trim and paint job - a casual glance wouldn’t tell you that this car is in anything other than mint condition.
Another thing that insiders like Comer like about this particular Ford GT is the fact it isn’t one of the very first 1,000 cars produced by Ford in 2005. That first batch of GTs have become known to possess a few glitches that Ford ironed out in subsequent production with a slight redesign.
Changing tack to examine the interior, what’s immediately obvious to Comer is that the driver’s seat isn’t in the same position it was when it left the factory. It’s raised a couple of inches and that’s a bit of a problem for Comer as he tries to fit into this customized driving position to have a look at the interior.
Comer’s verdict on the interior is similar to what he thinks of the rest of the car. It’s in great shape for having several tens of thousands of miles on it. There’s some mild corrosion and wear in certain areas but on the whole it’s in great condition.
What This Ford GT Would Be Worth At Auction
With his inspection done, Comer begins by asking the owner what he thinks his Ford GT is worth, and the owner says he thinks his car is worth $300,000.
Comer actually agrees with the owner’s estimate. The car is in excellent condition save for some minor wear and tear from the mileage.
A look at the Hagerty auction site reveals the going market price of a base 2005 Ford GT to be around $350,000. That means these 31,000 miles have dropped the going price of this car by about $50,000. That is a significant amount of money, but since the 2005 Ford GT was introduced at a price of $140,000, add another $20,000 for the options and taxes. Before adjusting for inflation, the capital gains on the car are significant.
Comer is enthused that the owner has obviously gotten a lot of enjoyment from driving his supercar and putting miles on it. That is, in many ways, the real reason why cars like the Ford GT were designed for in the first place. The power, balance, and presence of these performance wonders can only be truly appreciated out on the open road, and it’s great to see someone who’s used supercars as they were intended.