Mustang II Member
Joined: Jan 2007
One problem as I see it is the insurance value for these cars. Just looking at KBB, they value the `03/`04 Cobra at around 18k, & Kelly is known for being generous. Most listings for lower mileage cars are in the mid to high 20`s. To me that means that if you pay the big bucks for a car that is going to be a DD, most insurance companies are not going to value the car for anywhere near what you paid for the car. Now if its going to be a garage queen, the companies like Hagerty or even the major companies will write a specialty policy limiting the miles you can put on it in a year & other things, like the car must be garaged & not street parked etc.
I had "Agreed upon " value on my `99 Cobra from State Farm, but the car had to have collector or antique tags, could not be used as a DD, & had to be garaged. Also, they were only insuring it because we have all our insurance with them. The price was reasonable though, $125 a year, full coverage with a 14k value.
2013 GT CONVERTIBLE GHIG
2015 F-150 King Ranch crew cab
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