Where can I get comps for a 1988 Ford Mustang 5.0 GT hatchback?
- Thread starter Mercedez
- Start date
I'm not sure but whatever a car this age usually has. Knowing State Farm it would have to be a high mileage Mustang because the low mileage Mustangs cost alot more which is a conflict of interest to them.
I have seen some low mileage ones but they are all out of California. It has to be a California 1988 Mustang GT hatchback so far I haven't even had the option of finding a 1988 in California
Kinda why i need to set up an appointment to have my car appraised. If anything happens, i don't want the insurance company to cut me a check for $1200. I'd be pissed.
I'm not saying it's a $10K car by any means, but i want real world value, and maybe a little extra for my mods. If i could get agreed value for maybe $6-7K i'd be happy.
If you go to "advanced search" there is a checkbox for "completed listings only"
I did a search for you and only found an '88 Saleen. It doesn't really help you much, but nice car
http://cgi.ebay.com/ebaymotors/1988...cks?hash=item4a9a0ab742&_trksid=p4506.c0.m245
How many miles does your car have?? If you can't find any in CA, can't you look in other states? It is a 21-year old car, not like they pop up for sale every single day. Sure they made 68000 of them, but 21 years is a long time, half are prob in the junkyard by now and 1/4 are on their way there soon.
I agree but who will do the appraising? Will you hire an appraiser? How much does that cost? Maybe it is worth the $$ for me to do this if it is acceptible to insurance company.
I do wonder if this car will ever go up in value or become a classic.
I get lots of offers on the street from people who want to buy and compliments this was before the fender bender.
Thank you very much. Now that's what exactly what I have been coming up with since this Mustang comes in different body styles and from tuners. That is what the insurance company said I have to do. I will have to communicate this to the Dept. of Insurance. If the insurance company had their way this car would be on its way to a junk yard or auction. To junk it is a Federal crime in that it runs strong at 222,000 miles and is in pristine factory condition other than the hood, fender and headlight. If it was auctioned off that person will be the luckiest person in the world.
I agree but who will do the appraising? Will you hire an appraiser? How much does that cost? Maybe it is worth the $$ for me to do this if it is acceptible to insurance company.
I do wonder if this car will ever go up in value or become a classic.
I get lots of offers on the street from people who want to buy and compliments this was before the fender bender.
I asked my insurance agent first if they had any recommended auto appraisers and got a list there. I have yet to make an appointment with any as i'm still cleaning some stuff up and getting my receipts together.
Only true way the car will go up in value is if it's extremely low mileage or a special model (saleen, cobra, etc). Even 60's Mustangs can be had in good shape for under $20K, so i can't see the plain jane 5.0 mustang ever really skyrocketing up in value anytime soon. Most clean 70-130K mile Mustangs fall in the $3500-5500 range....ie most of the cars on this board.
ristine factory condition other than the hood, fender and headlight.
If they keep giving you the runaround just fix it yourself then
I would have thought that the Mustang LX 5.0 sedan with no options would be a collector? it's the lightest and fastest of the fox body Mustang 5.0's.
This is all I could find in E-bay and 2 Mustangs one a vert the other a 347 stroker. not compatible and won't meet specs. for fair comparison for comps.
What it's Worth
Just sold on eBay Motors: $400-$11,401
Kelley Blue Book Value: $1,875-$2,975
Go to price research
If they keep giving you the runaround just fix it yourself then
You mean pay for it out of pocket. I can't fix it myself but I have a body shop that is willing to work with me and pointed out to me that on their original estimate they were using the prices from discontinued parts from Ford.
That should be criminal.
I have already purchased the parts that I got which would be roughly 30% less because shops usually have to mark prices up.
They will take care of the big items like the hood, fender, header panel and bumper cap because if any of those items have to be returned for blemishes or damage the bodyshop can easily do this change. If I purchase and this happens it will be a nightmare.
Most of those parts will most likely be reproduction parts. Maybe junkyard parts but I feel better about repoduction parts because they are new and are suppose to meet if not exceed OEM standards. Supposedly reproduction aftermarket parts don't fit well.
So I guess here comes another credit card charge.
The thing is I'm paying for full coverage and if I withdraw my claim I won't get any benefit up to this point. But at least my rates shouldn't go up because insurance company didn't pay out any $$$$.
I might as well have already had liability insurance without full coverage if I knew this was going to happen. Perhaps if the car didn't run after collision then the $2,100 pay off would be an easy decision to make.
Looks like that insurance coverage is now going to change.
Sorry i couldn't really help you out much further. But after everything is said and done, definitely look into agreed value insurance coverage with an appraisal. I am not even sure if CA has that though, but it's the way to go, esp when book value on our cars is so low compared to true market value.
Good luck
Good luck
Thanks for the info.What kind of insurance is this? You make an agreement
with insurance company of the value of your vehicle before anything happens to it?I wonder if State Farm has it in this state?
Yes, basically the insurance values the car as the value the appraiser deems it's worth. You have to ask and find out if they do it first though
Probably like an appraisal on a house in that it is going to cost more $$$.
But I will most likely drop the full coverage on this car after this as it will cut my monthly payment from 55 to 22 per month.
I did find a graph/chart of what the 87-93 Mustang GT's go for in a Ford auto trader but it isn't a car just a chart.
I also found another one published by Hemmings Muscle Car magazine on how the Fox Mustangs are affordable now and prices could go up. There is a similiar chart in this magazine on prices of each year and condition but no cars.
It has been near impossible thus far to find a 1988 Mustang GT hatchback in similiar condition as mine let alone just finding any 1988 Mustang.
