1965 Ford Mustang Fastback

APPRAISAL REPORT
OF
1965 Ford Mustang
Fastback
PREPARED FOR
David Vernon
PREPARED BY
CLASSIC AUTO APPRAISER
A professional automobile valuation service for all types of vehicles
CLASSIC AUTO APPRAISER
P.O. Box 334, Durant, OK 74702 ~ (817) 429-9998 (580) 931-0340 (214) 274-9205
___________________________________________________________________________
April 19, 2007
David Vernon
5930-E Royal Lane #209
Dallas, Texas 75230
(972) 404-0202 [email protected]
RE: 1965 Ford Mustang Fastback
VIN #5F09A390276
Dear Mr. Vernon:
In compliance with your recent telephone request, I have appraised the above-referenced
vehicle and I have enclosed the appraisal report, which constitutes my analysis and conclusion
of the vehicle.
The stated market value as of April 19, 2007 is $34,600.00
Thank you very much for your business and if you should have any questions please don’t
hesitate to call.
Sincerely,
Don Shipman
Classic Auto Appraiser
PURPOSE AND SCOPE OF REPORT
PURPOSE
The purpose of this report is to estimate the stated market value of the vehicle described
herein as of the inspection date.
STATED MARKET VALUE DEFINED
The stated market value of the vehicle is the highest price on the date of valuation that would
be agreed to by a seller, being willing to sell, and by a buyer, being willing to buy, under no
particular necessity for so doing, each dealing with the other full knowledge of all the uses
and purposes for which the property is reasonable, adaptable and available.
METHOD OF VALUATION
The value is estimated by current market data comparison supplemented by cost information.
The vehicle is compared with others for sale and that have sold in the general time period.
Adjustments are made for differences in equipment, mileage, cosmetics, sale terms and
current economic conditions at the time of inspection.
ASSUMPTIONS AND LIMITING CONDITIONS
Information provided by the owners, parties to sales and others are assumed to be reliable
although accuracy is not checked or guaranteed.
IDENTIFICATION AND DESCRIPTION OF VEHICLE
AUTHORIZED APPRAISAL
This narrative is an attempt to determine a valuation as of the inspection date.
INSPECTION DATE:
April 19, 2007
INSPECTION LOCATION:
Garland, Texas
VEHICLE IDENTIFICATION:
CAR MAKE:
Ford
MODEL YEAR:
1965
MODEL:
Mustang
BODY STYLE:
Fastback
VIN NUMBER:
5F09A390276
LICENSE NUMBER:
V28-XRV
EXPIRATION DATE:
2/08
ODOMETER READING:
23,115
VEHICLE DESCRIPTION:
EXTERIOR COLOR:
Black with gray stripes
INTERIOR COLOR:
Black
EQUIPMENT:
See Attached Page
EQUIPMENT
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Power Steering
Air Conditioning
Power Antenna
Custom Centerline Wheels
Front Disc Brakes
AM Radio
MECHANICAL

5.0L HO Fuel Injected V-8 with manual 5 speed transmission
ACCESSORIES
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K&N Air Filter
Relocated Battery
Dual Exhaust
Tinted Windows
Traction Bars
Custom Leather Pony Style Bucket Seats
Custom Baffle Board with Kenwood KFC6969IE Coaxial 6”x9” speakers
BBE Sound Amplifier
CD Changer w/remote
Custom Auto Sound Power Supply
Autometer Gauge Set in dash (Fuel, Water)
Autometer Gauge Set on Column (RPM, Oil)
Hurst Shifter
ADDITIONAL COMMENTS
Vehicle has undergone a professional restoration and is considered to be in excellent
condition.
VEHICLE CONDITION
EXTERIOR INSPECTION
POOR
FAIR
GOOD
BODY
PAINT
TRIM
EMBLEMS
FRONT BUMPER
REAR BUMPER
UNDERCARRIAGE
WHEELS
TIRES
GLASS
SEALS/W-STRIP
CONV. TOP N/A
VINYL TOP N/A
HARD TOP N/A
V. GOOD EXCELLENT
X
X
X
X
X
X
X
X
X
X
X
X
INTERIOR INSPECTION
POOR
HEADLINER
SEATS
DOOR PANELS
DASH PAD
INSTR. PANEL
REAR SHELF N/A
INTERIOR TRIM
CARPETS
TRUNK/BED
ENGINE COMP.
FAIR
GOOD
V. GOOD EXCELLENT
X
X
X
X
X
X
X
X
X
X
X
STATEMENT OF APPRAISAL
The undersigned hereby declares that:
1.
A physical inspection of the stated vehicle appraised was performed.
2.
There is no undisclosed personal interest, presently or contemplated in the
future, in the vehicle appraised or the proceeds to be derived there from.
3.
Neither the employment nor the compensation for this report is contingent
upon the value estimated herein.
4.
To the best of my knowledge, the statements in this report are correct and
the opinions stated are based on a full and fair consideration of all the
available facts.
5.
The findings reported herein will not be revealed to anyone other than the
named recipient without permission or until required to do so by due
process of law.
6.
A copy of this appraisal report is kept in our files for a period of five
years, together with original notes from which it was prepared.
7.
The fee for the appraisal report is not contingent upon values reported.
8.
No investigation of legal title to the appraised vehicle has been made and
owners or tenant’s claim to the property has been assumed to be valid. No
consideration has been given to liens or encumbrances that may be against
the property except as specifically stated in the appraisal report.
9.
The appraiser herein, by reason of this appraisal is not required to give
testimony or attend court or any governmental hearing with reference to
the property in question without prior agreement as to fee for additional
services desired.
After having considered all the relevant factors, it is the opinion of the appraiser that the
stated market value of the subject vehicle as of the inspection date is $34,600.00.
Respectfully submitted,
Don Shipman
CLASSIC AUTO APPRAISER
SUMMATION OF VALUE
Our conclusion as to dollar value is based on three or more of the following:
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The overall cosmetic and mechanical condition of the inspected vehicle
The demand and available supply of comparables
Dollar amounts indicated by the value guides
The expertise of the appraiser
Opinions of dealers who have handled the model in the past, and would
market the vehicle currently
Auction results listing actual sold cars or the highest dollar bid against an
owner’s reserve
The appraised vehicle, appraised as noted is a beautiful example of a restored 1965 Ford
Mustang Fastback. Mechanically, the appraised vehicle is credited as performing with no
operational malfunctions and/or driving problems.
Additionally contained in this report are examples of comparables, when available, for
sale at the marketplace. Asking prices fluctuate depending upon the overall cosmetic
appearance and condition, originality, the mechanical history and performance, recorded
mileage, and configuration of power train, options, and accessories.
Based upon the on-site inspection of this vehicle and with consideration for all the
information and dollar amounts determined as relevant to this report, the appraiser has
determined a stated market value of:
STATED MARKET VALUE:
$34,600.00
The stated market value is the opinion of the appraiser and the management of Classic
Auto Appraiser and is arrived at after careful study of information we consider reliable.
However, we assume no responsibility for errors and/or omissions.
SPECIFICATIONS
YEAR:1965
LOCATION:CLEARWATER, FL
MAKE:FORD
TOLL FREE:(866) 511-0960
MODEL:MUSTANG
MILEAGE:
PRICE: $32,900
EXT.COLOR: RED
CLASS:
INT.COLOR: BLACK
ENGINE: 347
TRANS: AUTOMATIC
DRIVE TRAIN: RWD
VIN#:
DOORS: 2
BODY:
STOCK NUMBER: 21705
DESCRIPTION
1965 FORD MUSTANG, 1965 Ford Mustang Fastback Pro Street for Sale, 302 V8 stroked to 347 Cu In,
aluminum heads, aluminum Edelbrock intake, Holley dual feed double pumper carb, MSD ignition, aluminum
under drive pulleys, chromed alternator, Middleton 8 quart oil pan, Afco aluminum radiator, trans cooler, auto
trans w/ manual valve body, Cheetah performance shifter, Ford 9 narrowed rear end with 4 link
suspension, disc brakes, reinforced chassis, adjustable shock tower braces, roll cage, custom race bucket
seats with 5 point harness, custom carbon fiber gauge cluster with Autometer Ultra-Lite gauges, cowl
induction hood, Shelby style lower quarter panel scoops. You Gearheads are going to love the rubber on
this car...on the front are a set of pizza cutter 165SR15 tires and on the rear a massive set of 33X18.5-15LT
Mickey Thompson E/T Street tires all mounted on Weld Pro Star Wheels! One of the very best things about
this little trophy car is that it is a reliable street car, all street legal, and a turn key cruiser with all the power
you will need and then some! Can you tame this PONY???
P.J.'S AUTO WORLD INC.
CALL TOLL FREE: (866) 511-0960
1370 CLEVELAND STREET
CLEARWATER, FL 33755
SPECIFICATIONS
YEAR:1965
LOCATION:CLARKFIELD, MN
MAKE:FORD
PHONE:(320) 669-7245
MODEL:MUSTANG
MILEAGE:
PRICE: $29,500
EXT.COLOR:
CLASS:
INT.COLOR:
ENGINE:
TRANS:
DRIVE TRAIN:
VIN#:
DOORS:
BODY:
DESCRIPTION
1965 FORD MUSTANG, FASTBACK, raven black on blk, under 800 miles on rebuilt 289 V8, auto, power
steering, full restoration in 2006, new paint and chrome, no rust, all original metal and floor pans, beautiful
CA showcar, owned 25yrs in CA, $29, 500 ; 320-669-7245
Private Party Contact
CLARKFIELD, MN
(320) 669-7245
1965 FORD MUSTANG
$42,950
Mileage: N/A
Interior: Black
Stock No.: 3883
Exterior: White
Condition: Excellent
Dealer: Fraser Dante
Location: Roswell, Georgia
Email Dealer | Visit Dealer's Website
Dealer Notes:
original White, red stripe, San Jose car, 'A' Code, 4-speed, black interior, styled steel wheels, redline tires,
www.fraserdante.com $42,950
Dealer Information:
Fraser Dante
10997 Alpharetta Highway
Roswell, GA 30076
PH: 7706418354
FAX 7706418373
4/21/2007
Muscle Car
1965 Ford Mustang T5 2 Door Fastback (*)
Note: (*) THE MUSTANG T5 MODELS WERE MANUFACTURED IN THE UNITED STATES FOR
EXPORT TO WEST GERMANY.
PRICING
Low Retail
Average Retail Value
High Retail
$5,700
$13,000
$21,750
4 Speed Transmission
10%
10%
10%
Mustang 289/225 HP Eng'a'
10%
10%
10%
Mustang Air Conditioning
20%
20%
20%
Mustang Pony Interior
10%
10%
10%
$8,550
$19,500
$32,625
Base Price
Options
TOTAL PRICE
Low Retail Value
This vehicle would be in mechanically functional condition, needing only minor reconditioning. The
exterior paint, trim, and interior would show normal wear, needing only minor reconditioning. May also
be a deteriorated restoration or a very poor amateur restoration. Most usable "as-is".
Some of the vehicles in this publication could be considered "Daily Drivers" and are not valued as a
classic vehicle. When determining a value for a daily driver, it is recommended that the subscriber use
the low retail value.
Note: This value does not represent a "parts car".
Average Retail Value
This vehicle would be in good condition overall. It could be an older restoration or a well-maintained
original vehicle. Completely operable. The exterior paint, trim, and mechanics are presentable and
serviceable inside and out. A "20-footer".
High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely
well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics
are not in need of reconditioning. The interior would be in excellent condition. Note: This value does
not represent a "100 Point" or "# 1" vehicle *.
* "100 Point" or "# 1" vehicle is not driven. It would generally be in a museum or transported in an
enclosed trailer to concourse judging and car shows. This type of car would be stored in a climateregulated facility.