Latest on Unique Performance Cars

[mherman2]

Here's another twist. The cars have been outside since November, uncovered. Many with brand new parts/interior in them. Probably a rust bucket by now.

Mike

[crzy4shelbys]

That depends on how they were prepped. If they were epoxy primed they may be okay. If the filler was done over bare metal, they may not. Some high end builders, like Troy Trepania (sp?) powder coat the whole shell before even starting body work, but from the stories I've heard about Unique I kind of doubt they did that.

It's at least worth looking into so you can make an informed decision. Do you have anyone out there that can inspect it for you? Seems like a waste to fly out to inspect an $8500 shell.

[mherman2]

This car sold for $150k, the other car below for $140 at Barret Jackson, this is where I got the pricing from. Hey, I love the vintage stuff, this about recouping losses a this point.

I think my plan is get the shell, store it until the dust settles here and then paint it and sell it or build, own it, have it, and sell it down the road. My gut is to paint and sell.



Year 1968
CarMake SHELBY
CarModel GT500 SR
CarStyle CUSTOM CONVERTIBLE
ExteriorColor YELLOW
Interiorcolor BLACK
Cylinders V8
Engine 427
Transmission 5-SPEED MANUAL
Summary 1 of 1. This car is a real registered Shelby GT500SR built by Carroll Shelby and Unique Performance. Documented in the Shelby Registry. Sold as a package with Lot #1325.1 and #1326.
Description The Shelby GT500 SR comes as a package deal with a brand new International 7400 CXT truck and a Featherlite matching trailer that cost over $160,000 for the truck and trailer alone. 1 of 1. This car is a real registered Shelby GT500 SR Street Racer built by Carroll Shelby and Unique Performance. Car has less then 200 miles. It is one of only 75 registered Shelbys in the Continuation Series recently completed and is the only convertible in existence in the world. This car documented in the Shelby Registry. This 1968 Mustang was stripped to a bare shell and was created with the best technology that Carroll Shelby and Unique Performance could build. A few of the performance highlights include a 427cid Shelby Performance aluminum FE engine with an estimated 600hp, DC&O electronic Fuel Injection, Tremec 5-speed, Shelby signatures on the gauges and glovebox. Hurricane air conditioning system, Sony 8 disc DVD system, GPS tracking system with alarm, Currie 31 spline and 9" posi-traction with 17x9.5" tires. This amazing car comes equipped with Unique Performance power rack & pinion steering and the best of the best suspension parts that Unique Performance could provide.

$140k for this car:

LotNumber 1233.1
Year 1968
CarMake SHELBY
CarModel GT500 E
CarStyle FASTBACK
ExteriorColor PEPPER GRAY/BLACK
Interiorcolor BLACK
Cylinders V8
Engine 408
Transmission 6-SPEED MANUAL
Summary GT500 E Continuation Shelby Mustang built by Unique Performance with a 351/408 Windsor V8, Shelby-tuned to 475hp, 6-speed Tremec T56 with vented air ducts to brakes.
Description 351/408 Ford Windsor, new Shelby-tuned 475hp, 6-speed transmission T56, high back bucket seats, 3" racing seat belt, 4-point click type, Phantom II Autometer gauges, 160mph speedometer, Lecarra 15" wood steering wheel, CAE sound damping 10" clutch, Titon cable-type clutch, PSE wheels front 17 x 8, rear 17 x 11 with tubing, 2 1/2" aluminum pipes, Eleanor Light package, NOS 125 shot disconnected 31 Spline 9" posi-traction differential 3.89:1 9" gears, power steering, Total Control rack & pinion steering and Baer Tracker Bump Steer adjustable tie rods. Front brakes: Baer 13 x 1.1 track system PBR 2-piston aluminum. Rear brakes: 12 x .81 Touring system PBRI Piston Aluminum. Slotted cross-drilled & Zinc washed, vented air ducts to brakes. MSD ignition, MSD Coil, JBA tuned headers with ceramic coating. Dual 2.5" exhaust with H-pipe and Spin Teck 2.5" muffler aluminum. Griffin aluminum cross-flow radiator driveshaft safety loop roll bar, 4-point, TOTO control coilover kit, rear Koni gas shocks, Shelby style traction bars and Hi-tech rear suspension. GPS tracking. Race ready and set up for the track, but never raced.

[mherman2]

Another option here is that if any of you guys or friends of yours have the means to build this car, then we can split the proceeds or work out a deal of % of ownership based building costs. Then sell it together and split it up.

Shelby Licensing would supply specs to build to and tag it as a Shelby Continuation vehicle which would carry more weight at sales time than just any Eleanor. Kind of like a CSX 4000 in a way.

Just a thought. I think the car being a Supersnake Model will fetch a descent price. Someone will want to have this car and will love it like we all love our own cars. It's just a different buyer for these types of cars. With the U.S. dollar so weak right now, a lot of cars are headed overseas.

Mike

[mherman2]

Originally Posted by crzy4shelbys

That depends on how they were prepped. If they were epoxy primed they may be okay. If the filler was done over bare metal, they may not. Some high end builders, like Troy Trepania (sp?) powder coat the whole shell before even starting body work, but from the stories I've heard about Unique I kind of doubt they did that.

It's at least worth looking into so you can make an informed decision. Do you have anyone out there that can inspect it for you? Seems like a waste to fly out to inspect an $8500 shell.

Yes, a couple people have offered. Not sure they can get access thought due to legal crap.

[crzy4shelbys]

Mike,

Are you entitled to purchase any other of Unique's assets that may be helpful in finishing your car like driveline, suspension or interior components? Or was it so bad financially at the end that they didn't have any stock on hand besides what was already bolted to other guys' cars?

[mherman2]

I heard from some people close go the situation that the last few days were total mayhem and anything of value was thrown in trucks, trunks, cars, trailers etc... The employees were not being paid and found it suitable to pay themselves. From someone who was there.

What a circus huh?

Mike

[tesgt350]

Originally Posted by SFM6S006

I would think that this car would sell for much more on Ebay, especially with the CS promise to license the car if done correctly. I would buy the car and take it from there.

You would have to first make sure that CS would extend the License to who ever he sells the Shell to. It might be a Licensing Deal just for those who LOST with UP and they must be the ones to have the cars finished before they are sold. Something that should be looked into.
David.

[sharpe427]

Originally Posted by mherman2

I heard from some people close go the situation that the last few days were total mayhem and anything of value was thrown in trucks, trunks, cars, trailers etc... The employees were not being paid and found it suitable to pay themselves.
Mike

This is true in at least one case. I have a friend who worked the line there and he had to get his stuff out in a big hurry to beat the lockout. Seems like most of the floor workers knew what was coming and kept as little there as possible to minimize potential losses. He has also verified that quite a few of the employees owed $ took a lot of merchandise with them until they get their checks. Quite a few superchargers, nitrous kits and such.....
I can't say that I find this a good thing, but at least they can get something to get by on until new work pans out. I have also learned that the FBPD has finally released all the personal belongings..like toolboxes..that they impounded. heck of a time to be looking for work in DFW.

[shelbnut]

Originally Posted by mherman2

Here's another twist. The cars have been outside since November, uncovered. Many with brand new parts/interior in them. Probably a rust bucket by now.

Mike

Actually, I've seen the cars in lock-up. Most of the ones that are painted had Tyvec type car covers over them. I wonder if the more completed cars will be offered to there depositors for $8500?

[mherman2]

I am going to find out today. My gut is those will go to auction but we will see. There is also a court order trying to block this whole thing and asking them to give us our cars as is since we already bought them. Up in the air, again.

Mike

[geteup]

I saw one go for $86K either on Barret/Jackson or was it the other guys that have a similiar type of auction.

[tesgt350]

Originally Posted by geteup

I saw one go for $86K either on Barret/Jackson or was it the other guys that have a similiar type of auction.

The ones that usually go that cheap are the ones that are "Home Built" Cars. You can buy every single pice of the Eleanor Kit from Vendors.
David.

[John76]

I guess the big question you have to ask is...for $8500 all you get is a shell? What about the other $50 k in parts that you paid for? I guess those are gone and not to be included in your purchase...if you have never built a car from the ground up and i am talking about from a shell not a car you took a part and restored but a bare shell it is a lot of time and money. You need to put together a list of the parts you would need.
Motor
Transmission
Everything under the hood from motor mounts to radiator to headers
Exhaust
Suspension -full front and rear
Wheels and tires
Brakes
Wiring
Interior
Seals (Which i am always amazed at the price)
And for the many parts you have to purchase high end. TCP suspension should cost about $ 8 k. Full alum 427 fe carb to pan and show polished is close to 20 k. Tremec TKO 600 is 3k. Big $$ for brakes.
I have touched just a few items you would need to built this car...i could go on for a while with parts to make the car what Unique promised to built.
Then on top of it you need to find someone that can put the car together and do a great paint job and the time it will take to do it all.
At the end of the day...if you build the car and spend an additional 100 k plus to build the car can you sell it for more and capture back the money you have lost?
I dont think you will be anywhere close to that number.
Built it if you want the car to enjoy and drive forever b/c you will be so upside down on the car it will make you throw up to ever sell it.
These are just my thoughts....Good luck and i hope Unique gets what is coming to them.

[tesgt350]

Originally Posted by John76

At the end of the day...if you build the car and spend an additional 100 k plus to build the car can you sell it for more and capture back the money you have lost?
I dont think you will be anywhere close to that number.
Built it if you want the car to enjoy and drive forever b/c you will be so upside down on the car it will make you throw up to ever sell it.
These are just my thoughts....Good luck and i hope Unique gets what is coming to them.

The money he has lost so far is GONE bye-bye. Now he has to decide if he wants to spend $8,500.00 for a Shell of a Car (hopefully one with a CLEAR & Correct Title) and then spend another $100K to $150K to finish it. After thinking about it more and reading some of the Posts, if I wanted one that bad, I would just buy one that was already built off of ebay or just buy a 1967 Shelby G.T. 500.
David.

[John76]

Originally Posted by tesgt350

or just buy a 1967 Shelby G.T. 500.
David.

This is what i would do...pick up a 67 or 68 shelby gt 500 needing work minis original motor and tranny and put the TCP suspension in it, alum 427 and 5 speed. And make a real eleanor...i know the purists will hate me but make something that is already in the registry and not something that "could" be in the registry.

[waXology]

Shows how much worth Shelby gives themselves.... allow anyone to make them and they will throw a continuation badge on it like they don't care.. Sounds like they just want it all to be over.

I'm keen to see who the DA targets on these 25 felony charges for UP as well!

This thing plays out like a movie!

[tesgt350]

Originally Posted by waXology

Shows how much worth Shelby gives themselves.... allow anyone to make them and they will throw a continuation badge on it like they don't care.. Sounds like they just want it all to be over.

I'm keen to see who the DA targets on these 25 felony charges for UP as well!

This thing plays out like a movie!

It started out as a cool concept. It just went down hill fast thanks to UP Greed.
David.