So after months of looking for the perfect car, I’ve realized that 94-95 mustangs tend to hold their re-sale value. Both Kelly Blue Book and NADA value this car well under what the average mustang enthusiast believes there car is actually worth. The bone I have to pick today is the discrepancy between the blue book value and the price one has to pay to acquire one of these vehicles in good condition. What are you guys willing to pay for something you want? I know the value of something is based on supply and demand, and supply of quality 94-95 mustangs are diminishing slowly day by day but where do we draw the limit. If this is taken into account, why hasn’t one of these companies actually looked at the market and realized that no one is willing to give a way one of these things for even close to what KBB/NADA to be the retail value. Simply put, are consumers willing to pay “over value” for these vehicles since they are becoming a commodity, or do these car value experts need to re-evaluate the retail street value these cars? Can that actually be done? Even with skyrocketing fuel prices, these cars are still valued very highly.
The problem becomes when you insure your vehicle with collision insurance, they will only provide you with the funds to cover up to and not exceeding the private party value. It seems kind of unfair doesn’t it? I guess it’s the risk you have to take with life, but it would be nice to know that your valuables are protected at the value they possess.
Any thoughts / opinions / facts?
What were the MSRP prices for the 94-95 T / cobra / Convertible ?
The problem becomes when you insure your vehicle with collision insurance, they will only provide you with the funds to cover up to and not exceeding the private party value. It seems kind of unfair doesn’t it? I guess it’s the risk you have to take with life, but it would be nice to know that your valuables are protected at the value they possess.
Any thoughts / opinions / facts?
What were the MSRP prices for the 94-95 T / cobra / Convertible ?
