The GF09 competed for the final time at the 2007 Indy 500 with two small teams, Playa Del Racing and Chastain Motorsports. American Dream Motorsports entered a Panoz GF09 in the 2008 Indy 500 for Phil Giebler, but he crashed in practice. In December 2008, Panoz announced their withdrawal from the IndyCar Series due to the Panoz focusing on sports car program.