2016 GT350/GT350R Mustang Pricing! Starts at $47,870

Hack said:

You guys wear watches?

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I'm old (46).

Plus, us old folks like utility items that work without charging, work underwater, don't break when dropped, don't require a signal and don't make us look like hipsters.

Question.... How do you insure a car that sells for more than MSRP? Will the major insurance carriers value the vehicle over retail?

Uh... That's easy. They insure it for blue book and you're on your own for paying any more.

If your loan is more than blue book, you should probably have GAP insurance.

ShelbyGirl said:

Question.... How do you insure a car that sells for more than MSRP? Will the major insurance carriers value the vehicle over retail?

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Check to see if your insurance company insures for market value--I.E. what you pay off of a dealers lot, or if they insure at MSRP. Ask to speak directly to your agent as most agency employees know not for which they speak :-) In CA, where I have my insurance license, most companies offer replacement cost and do a survey of vehicles on dealers lots, in the same condition as the vehicle totaled (pre-total), to arrive at the vehicle's value. That being said, gap insurance is always a good idea if you estimate you will be underwater in the vehicle at any point in the loan's term...

Check your financing deal to see if they include GAP coverage the loan provider may include it or the dealership may provide it ad hoc or part of a maintenance program. Some auto insurance companies also offer it, so check with your insurance also.

ShelbyGirl said:

Question.... How do you insure a car that sells for more than MSRP? Will the major insurance carriers value the vehicle over retail?

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You can buy 'stated value' insurance. You state the value you wish to cover, and your premium will be reflective of that amount. Much like buying life insurance in varying amounts.

ShelbyGirl said:

Question.... How do you insure a car that sells for more than MSRP? Will the major insurance carriers value the vehicle over retail?

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If you don't intend to put a lot of miles on your Shelby, I would suggest some of the collector car agencies. Although, I believe some of them don't even limit mileage. Premium is based on "agreed value". I think they will probably agree on MSRP at this time. Annual premiums should be around $1,000.

I'll be getting actual quotes this week and will post them.....

I was just at a local dealer in San Diego to check out Costco pricing on a GT. They had both a Track pack and a Tech pack in their showroom with 30k ADM's. They said they might consider negotiating their ADM for a serious buyer. Wow.... :eyebulge:

NvrFinished said:

I was just at a local dealer in San Diego to check out Costco pricing on a GT. They had both a Track pack and a Tech pack in their showroom with 30k ADM's. They said they might consider negotiating their ADM for a serious buyer. Wow.... :eyebulge:

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Was it this one? http://www.mustang6g.com/forums/showthread.php?t=42491

mattlqx said:

Was it this one? http://www.mustang6g.com/forums/showthread.php?t=42491

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Yup. I just saw that thread after posting here. Unbelievable....

Blue Book value (online) of a Shelby GT350 2016 track pak with stripes USED with less that 1000 miles is between $72,000-$79,000. That's market vakue for a private sale. There is no problem insuring these cars for their value. Whoever buys them for less or at MSRP makes a tidy profit on the books.