expert auto appraisals 2007 ford mustang foose stallion

2007 FORD MUSTANG
FOOSE STALLION
2007
EXPERT AUTO APPRAISALS
Vehicle Inspection
Report
2007 Ford Mustang Foose Stallion
VIN 1ZVFT82H875218202
Prepared for:
Joe Quail
1025 SW 6th Ave
Cape Coral, FL 33991
Inspected and Appraised by:
Chip Davis
Expert Auto Appraisals
P.O. Box 303
Jensen Beach, FL 34958
772.621.2622
561.307.2232
1ZVFT82H875218202
Expert Auto Appraisals
P.O. Box 303 Jensen Beach, FL 34958
Fair Market Value Conclusion
2007 Ford Mustang Foose Stallion
VIN 1ZVFT82H875218202
Mileage 03,971 Actual
To whom it may concern,
In compliance with the recent request, we have appraised the above referenced vehicle.
The above conclusion is the opinion of the appraiser after very carefully physically
inspecting the vehicle and the market it is to be traded in. The appraisal inspection was
performed on December 14, 2015 and the conclusion submitted on December 15, 2015.
This purpose of this appraisal is to determine the vehicle’s Fair Market Value.
The Fair Market Value of this vehicle on the dated is: $32,198
Thank you very much for your business, and if you should have any further questions,
please do not hesitate to call.
Regards,
Chip Davis
Expert Auto Appraisals
P.O. Box 303
Jensen Beach, FL 34958
772.621.2622
561.307.2232 cell
[email protected]
1ZVFT82H875218202
Purpose and Scope of Report
Purpose
The purpose of this document is to report to the customer the inspector’s opinion of the
overall physical condition of the inspected vehicle as well as provide an accurate list of
options and equipment featured on it.
Diminished Value
The diminished value of the vehicle is described as the estimated total amount of
money that an automobile is estimated to have depreciated in value, due to a particular
accident, mishap, event or circumstance.
Fair Market Value
The Fair Market Value of the vehicle is the highest price on the date of the evaluation
that would be agreed to by a seller, being willing to sell. And a buyer, being willing to
buy, and under no particular necessity for so doing, each dealing with others full
knowledge of all the uses and purposes for which the property is reasonable, adaptable
and available.
Replacement Value
The replacement value of a vehicle is defined as the actual total cost of exactly
duplicating the vehicle if it were subject to a total loss. In the case of a customized or
modified vehicle this must also include the cost of obtaining an identical type of “donor”
or “base” vehicle, the cost of obtaining all of the additional aftermarket and specialty
components along with all labor costs incurred to replicate the loss vehicle.
Fair Market Value Prior to Loss
The Fair Market Value of the vehicle prior to loss is the highest price on that prior noted
dated of valuation that would have been agreed to by a seller, being willing to sell, and a
buyer, being willing to buy, and under no particular necessity for so doing, each dealing
with others full knowledge of all the uses and purposes for which the property is
reasonable, adaptable and available immediately prior to the known loss date of that
vehicle.
1ZVFT82H875218202
Method of Valuation
The value is estimated by current market data comparison, supplemented by cost
information. The vehicle is compared when possible, with others for sale and that have
sold in the general time period. Adjustments are made for differences in equipment,
mileage, cosmetics, conversions, originality, condition as well as sale terms and current
economic conditions at time of sale.
Assumptions and Limiting Conditions
Information including, vehicle identification numbers, serial numbers, engine numbers,
engine size, component serial numbers, color codes, paint codes, trim codes,
component stampings, door tags, fender tags, cowl tags, date codes, badges, emblems,
owner history and mileage information provided by the owners or parties to sell or
others, or displayed on the appraised vehicle or components are assumed to be
reliable, correct and truthful, as accuracy is not checked or guaranteed for originality or
authenticity.
Although Expert Auto Appraisals has an extensive library, we do not have direct access
to specific manufactures records, log books, files, computer data bases, or other nonpublished information.
Unless the client particularly asks for this in writing, and agrees to absorb any additional
cost in obtaining, no such effort will be made in contacting manufactures, automotive
groups historians, etc. in order to acquire such information.
1ZVFT82H875218202
Vehicle Condition
Overall Condition
This is an original 2007 Ford Mustang Foose Stallion. This example is #35 of less than
300 total built. The car is a factory original car that has been preserved in excellent
condition. The body on the car is excellent. The paint on the car is excellent. The
wheels on the car are original and excellent. The interior on the car is original and
excellent. The car has just under 4,000 original miles. The car is in excellent mechanical
condition throughout. The vehicle functions as designed in every regard. The car was
checked for any signs of paint work or repair and none was found. I feel the paint is
completely original. The factory option of the Roush Supercharger has been installed.
Specialty Mustangs, all performance built, by builders such as Shelby, Foose, Saleen,
Roush, and others have been very well received by buyers and enthusiasts for years.
This particular example is finished in very desirable colors, and is optioned equal or
higher than it’s peers. This car is also a one owner vehicle from new. It has been owned
by older, experienced car enthusiast, and shows of excellent care, storage, and
responsible use.
1ZVFT82H875218202
Exterior Summary
Component
Poor
Fair
Average
Good
Very Good
Excellent
þ
þ
þ
þ
þ
þ
þ
þ
þ
þ
þ
Body
Paint
Trim
Emblems
Front Bumper
Rear Bumper
Frame / Chassis
Wheels
Tires
Glass
Weather Stripping
Interior Summary
Component
Poor
Fair
Average
Good
Very Good
Excellent
þ
þ
þ
þ
þ
þ
þ
þ
þ
þ
Engine Compartment
Dash
Instrument Panel
Gauges
Front Seats
Rear Seats
Door Panels
Interior Trim
Top / Headliner
Carpets
1ZVFT82H875218202
The 2007 Foose Stallion
Limited Edition. Unlimited Style.
Chip Foose, star of TV’s
Overhaulin’ and creator of
some of the world’s most
beautiful custom cars,
didn’t just put his name on
the 2007 Foose Stallion, he
put his heart and soul into
it. He drew the concept
sketches. Sculpted the clay.
Helped design and spec
every stitch in the custom
upholstery and every pavement-ripping engine and
suspension mod. Why?
Engineered as only
Unique Performance can.
The first Foose Stallion
sold at auction for over
$165,000. To make sure
every 2007 Foose Stallion
is built to the same high
standards, Chip teamed
up with the performance
experts at Unique
Performance. Already
known for the incredibly
To express your own personal style, Chip has developed a series of 36 smokin’ custom
high quality engineering
paint and pinstripe combinations to choose from, featuring DuPont ™ Hot Hues™ paints.
and craftsmanship of their
®
official continuation Shelby Mustangs, Unique is the
The center of attention everywhere it goes.
world’s premier small volume manufacturer of vintage and
Because he wanted his first limited edition productioncontemporary production American muscle cars.
based vehicle to turn as many heads and draw as many
A once-in-a-lifetime driving experience.
admiring glances as his jaw-dropping, seven-figure oneoffs. Which means the Foose imprint is everywhere:
As much of a knockout as the 2007 Foose Mustang is to
Foose paint. Foose bodywork. Foose interior and Foose
look at, it’s even more incredible to drive and own. Its own
Design 20-inch alloy wheels. The antithesis, in other
unique suspension components. Own unique engine tuning.
words, of the typical bolt-ons and parts bin limited edition
Even its own sound. Like all of Chip’s creations, not a
car. Now you can be one of the first people outside of
collection of parts, but a fully realized, exhilarating vision
celebrities and multi-millionaires to own your very own
brought to adrenalin-pumping life. And it’s all covered by a
Chip Foose original design.
comprehensive 3-year/36,000-mile new car warranty.*
* See an authorized Foose Stallion dealer or UniquePerformance.com for details.
2007 Foose Stallion Specs
Powertrain
335 HP, estimated SAE net. Standard. Mustang GT
4.6-liter, SOHC, 24-valve, aluminum V8 with following
upgrades from Ford Racing Performance Parts:
• High-flow 90mm Cold Air Intake System
• Engine Control Module recalibrated to extract
maximum power from Premium fuel
425 HP, estimated SAE net. Optional. (Late availability.)
Mustang GT 4.6-liter, SOHC, 24-valve, aluminum V8
with the following upgrades:
• Roots-type supercharger
• Cold-air intake and high-flow air filter
• Engine Control Module recalibrated to extract
maximum power from Premium fuel
Traction Systems: ABS & all-speed traction control
Transmissions:
Tremec TR3650 5-speed manual (standard)
5 R55S 5-speed automatic (optional)
Rear Axle:
8.8-inch limited-slip differential
Final Drive:
3.55:1 (manual)
3.31:1 (automatic)
Exhaust System: Dual, stainless steel, with special
Ford Racing Performance Products
T-409 stainless steel high-performance
mufflers and highly polished 4-inch
diameter exhaust tips.
All components of the Foose Stallion are 50-state legal.
Suspension
Front:
Rear:
MacPherson struts with reverse “L” lower
control arms, anti-roll bar
3-link design with Panhard rod, anti-roll bar
Exclusive Foose Stallion suspension system developed by
Ford Racing Performance Products to provide track-ready
handling and control, but without the harshness normally
associated with this level of performance. Includes the
following upgraded components:
•
•
•
Optimized Custom Spring Package (lowers car
approximately 1 inch compared to Mustang GT)
Optimized Custom Shock Absorber Package
Optimized Custom Rear Anti-Roll Bar
Brakes
Standard Front: 12.4-inch Baer Brake Systems DecelaRotors™
, with OE 2-piston aluminum calipers
Rear: 11.8-inch Baer Brake Systems DecelaRotors™
, with OE aluminum calipers
Optional Front: Baer Claw® GT-PLUS system – 14-inch rotors, with 2-piston ‘Foose’ logo PBR aluminum calipers
Rear: 12-inch Baer Brake Systems EradiSpeed-PLUS-TWO™ rotors, with OE aluminum calipers
All brake rotors offered on the Foose Stallion are cross-drilled, slotted, and zinc-plated for brilliant visual impact.
Wheels & Tires
Front:
20 x 8.5-inch Foose Design ‘Nitrous’ wheels
P255/35 R20 Z-speed rated tires
Rear:
20 x 10-inch Foose Design ‘Nitrous’ wheels
P275/35 R20 Z-speed rated tires
Choice of black or gray powder-painted center with diamond cut, machined lip. Full chrome finish optional.
Exterior
Available Performance White Clearcoat
Colors: Satin Silver Clearcoat Metallic
Torch Red Clearcoat
Vista Blue Clearcoat Metallic
Black Clearcoat
Unique new panels, designed and shaped by Chip Foose,
include front and rear fascias w/custom side marker
lights, hood (hood scoop w/optional supercharged engine),
lower-body side molding, rear aerodynamic spoiler and
“C” pillar scoops (coupe). Grille openings fitted with custom
billet-style grille inserts. ‘Foose’ badges on grille, front
fenders, rear.
Optional Custom Graphics and Paint Schemes:
Custom stripes on hood and front fenders, designed by Chip Foose, applied with DuPont™ Hot Hues™ finishes. Choose
from one of 18 combinations. Color guide available at authorized dealers or at UniquePerformance.com.
Custom two-tone paint schemes, designed by Chip Foose, applied with DuPont™ Hot Hues™ finishes. Choose from one
of 18 combinations. Color guide available at authorized dealers or at UniquePerformance.com.
Interior
Exclusive Foose Stallion interior upgrades include:
Seatbacks embroidered w/‘Foose’ logo (front seats)
Recovered console lid (to match seat insert and door panel)
New leather shift boot (to match seat insert and door panel)
Enhanced speaker grille bezel w/‘Foose’ embroidered
cloth covering
Enhanced window switch bezel
E-brake handle trim
Steering wheel emblem
‘Foose’ instrument cluster overlay
‘Foose’ logo floor mats, front
‘Foose’ stainless sill plates
‘Foose’ VIN plate
Convertible Style Bar (optional)
Warranty
The Foose Stallion, including all parts and equipment
specially produced for this limited-edition vehicle, is
covered by a comprehensive 3-year/36,000-mile new
car warranty. See an authorized Foose Stallion dealer or
UniquePerformance.com for details.
CONCEP T S
1-800-418-4543
UniquePerformance.com
©2006 Unique Performance LLC. Vehicles pictured are pre-production prototypes, shown with optional equipment. Production vehicles may vary slightly in detail.
FOOSE™, Chip Foose™ and Foose Design™ are registered trademarks and intellectual property of Foose Design and are used by Unique Performance LLC under license.
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
1ZVFT82H875218202
Currently Available Comparable Vehicles
Hemmings
$22,500
1ZVFT82H875218202
Currently Available Comparable Vehicles
Gateway Classic Cars
$27,995
1ZVFT82H875218202
Market Appraisal Summary
This particular vehicle, a 2007 Ford Mustang Foose Stallion is an excellent original
example that has been well cared for from new. I have found 3 examples offered for
sale. I have adjusted the values accordingly to properly reflect the vehicles current true
market value and condition as inspected. The mileage has also been adjusted for.
Make / Model
2007 Ford Mustang Foose
Stallion
2007 Ford Mustang Foose
Stallion
2007 Ford Mustang Foose
Stallion
Averages
Condition / Market Adjustment
Condition / Market Adjustment
Source
Hemmings
Selling Price
$22,500
Gateway Classic Cars
$27,995
Mecum Auctions
$30,000
Mileage compared to comparable
examples selected– Add 10%
One owner, Overall Condition –
Add – 10%
Adjusted Fair Market Value
$26,832
$2,683
$2,683
$32,198
Based on information within the market at this time, I place the following fair market
value, considering the exact vehicle, condition, equipment, color etc.
Fair Market Value $32,198
1ZVFT82H875218202
Statement of Appraisal and other Limiting Conditions
The undersigned hereby declares that:
• A physical inspection of the stated vehicle was actually performed.
• There is no undisclosed personal interest, presently or contemplated in the future, in
the vehicle or the proceeds to be derived there from.
• Neither the employment nor the compensation for this report is contingent upon the
value estimated herein.
• To the best of my knowledge, as noted under “Assumptions and Limiting Conditions”
the statements in this report are correct and the opinions stated are based on a full
and fair consideration of all the available facts.
• The findings reported herein will not be revealed to anyone other than the named
recipient without permission or until required to do so by process of law.
• A copy of this report will be kept in our files for a period of five years, together with the
original notes from which it was prepared.
• The fee for this report is not contingent upon value or condition of the vehicle.
• No investigation of legal title to the vehicle has been made and owner’s or tenants
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 report.
• In the event that our expertise is needed in any action, such as but not limited to court
action, contact with a public agency, or involvement in any arbitration process
(appraisal clause hearing), it will first require the consent of the appraiser. Should our
appraiser / inspector be required to appear in connection with this report document, an
additional minimum fee of $650 (Six Hundred fifty dollars) will be charged and is due
prior to service.
• Any required umpire fee is also due prior to any arbitration hearing. Due to the
complex nature of this service and the number of parties involved, our appraiser does
not accept responsibility for any delays incurred. For any travel greater than 25 miles
from the appraisal location, separate and additional fees will be charged for and rental
car, airfare, lodging, and additional travel expenses.
• Additionally consultants, negotiations or other time related activities incurred in lieu of
an appearance will be billed by our office at the $250 (Two hundred fifty dollars) per
hour fee. Court time will be billed at this rate with a four hour minimum.
1ZVFT82H875218202
Appraisal Provisions and Stipulations
• Unless noted or acknowledged elsewhere, the vehicle valuation and / or the physical
condition report describes the condition of the vehicle as it was at the time of the
inspection by the appraiser or inspector thereof, or, as described by the owner of
record or the agent thereof as it appeared immediately prior to the noted loss.
• This report only represents the areas of the vehicle that could be physically viewed at
the time that the inspection actually took place including the and equipment described
herein.
• No disassembly or removal of any areas, bodywork, upholstery, trim, mechanical,
electrical, or hydraulic components or computers and / or any other systems of the
vehicle is performed during the inspection.
• All specialized considerations that are deemed correct and relevant in the reporting for
the noted appraised vehicle were taken.
• This information reflects the reported and obtained information, pursuant to
professional Appraisal industry standards and guidelines.
• This report was prepared exclusively for the client of Expert Auto Appraisals and
should only be used and / or referred to when completed in its entirety, and spiral
bound by the appraiser / inspector.
• The physical conditions as well as the options listed in this report area as noted at this
time of the inspection. This report is accurate as of the inspection date only and does
not reflect the condition or alterations to the equipment that may occur after the
inspection or damage that may occur as a result of shipping and or abuse.
• Every effort is made at the time of the inspection to determine the extent of any rust or
body filler materials that may be present in the body, sheet metal or frame of the
vehicle, it must be understood by the client / customer that without the total stripping of
paint, under seal or undercoating as well as the physical cutting of sheet metal and
frame materials it is impossible to completely know the total extent of any rust or body
filler issues.
After having considered all the relevant factors, it is the opinion of Expert Auto
Appraisals that the Fair Market Value of the subject, as of the inspection date was:
Thirty Two Thousand One Hundred and Ninety Eight Dollars
$32,198
Respectfully submitted,
Chip Davis
Expert Auto Appraisals
1ZVFT82H875218202
Summation of Value
Our opinion of the Fair Market Value is based on a combination of any of the following:
• The overall cosmetic and mechanical condition of the vehicle.
• The demand and available supply of comparable vehicle when available.
• The adjusted value of somewhat similar vehicle advertised or recently sold.
• Dollar amounts indicated by the published value guides.
• Dollar amount indicated by on-line value guides.
• The expertise of the inspector / appraiser.
• The expertise of other appraiser and inspectors within our national network that might
have been consulted for this assignment.
• The expertise of other appraisers and inspectors that are fellow members of various
credible automobile appraisal associations.
• The expertise of a recognized expert of the particular type of vehicle appraised that
might have been consulted for this assignment.
• Expert Auto Appraisal’s extensive database of previous completed reports of similar
vehicles.
• Opinions of others who have handled similar models in the past, and market similar
vehicles currently.
• Physical auction results listing actual vehicles sold or the highest dollar amount bid
against sellers reserve.
• Online auction results such as EBay, listing actual vehicles sold or the highest bid
amount against sellers reserve.
• Extensive online research of that particular type of vehicle.
• The consideration of receipts provided, as well as other expenses incurred in
completing the appraised / inspected automobile or motorcycle.
1ZVFT82H875218202
Additional Notes Regarding the Summation of Value
Mechanically, the appraised vehicle, as noted under “Additional Notes”, is assumed to
perform with no operational malfunctions and or driving problems were on the
inspection date, therefore, unless operational malfunctions and or driving problems
were disclosed by owner / seller at the time of the inspection, no dollar amount was
debited from the Fait Market or Replacement Value in order to compensate for the
repair of such mechanical defects.
Additionally contained in this report may be comparable vehicles available and or for
sale in the market place. Asking prices and actual sale prices will fluctuate depending
upon the overall cosmetic appearance and condition, originality, the mechanical history
and performance, recorded mileage, configuration of power train, custom conversions,
options and accessories. This report, when possible will adjust to compensate for those
differences.
The subject vehicle, at the time of this report, represented an Excellent example of a;
2007 Ford Mustang Foose Stallion
Based upon the onsite inspection of this vehicle and with consideration for all the
information and dollar amounts determined as relevant to this report, Expert Auto
Appraisals has determined a Fair Market Value of this vehicle, at the time of the noted
inspection date was:
Thirty Two Thousand One Hundred and Ninety Eight Dollars
$32,198
The fair market value is the opinion of Expert Auto Appraisals and is derived after
careful study of information observed or supplied to us that we assume to be both
accurate and reliable. As described under both the prior written “Assumptions and Other
Limiting Conditions” and the “Appraisals Provisions and Stipulations”, we assume no
responsibility for inaccuracies or errors.
1ZVFT82H875218202
About Expert Auto Appraisals
Expert Auto Appraisals is owned and operated by Chip Davis in Jensen Beach, FL.
Chip Davis has been in the business of valuation, inspection, and the trading of special
interest vehicles since 1985. Working under the guidance of the great automotive
historian, Eddie Phillips, Chip Davis was introduced to some of the rarest and most
significant collector cars known to exist, while servicing clients throughout North
America, Europe, South America, and Asia. Eddie taught Chip about these cars, but
more importantly, the importance of having the resources to research vehicle specifics
and market values. To this day, our alliances with dealers, clients, collectors, and
enthusiasts of the vehicles we appraise and inspect are our most valued resource.
Chip Davis went on to start the Expert Auto Group and Investment Motor Sports in 1989
which represented both buyers and sellers of special interest vehicles in the open
market and large collector car auctions such as Barrett-Jackson, Mecum, and RM
Auctions. Our services involve the inspection, valuation, and verification of some of the
significant vehicles ever made. Our specialty has always been the verification of
authenticity of high end collector vehicles, prior to sale. Sellers of these types of
vehicles use our services as frequently as buyers. In recent years, our services have
expanded to placing valuation on collections for legal matters, total loss claims due to
accidents for insurance, custom motorcycles, and corporate fleet assessments.
Our client list includes some of the largest names in the auto world. We have performed
work for Insurance Companies including Farmers, State Farm, Geico Intact, and
Allstate, Porsche Cars NA, Nascar Team Owners, Franchise Auto Dealers, Auction
Houses, Attorney’s and countless private collectors throughout North America and
Europe.
Thank you for giving this opportunity to Expert Auto Appraisals for your vehicle
appraisal or inspection needs.
Regards,
Chip Davis
Expert Auto Appraisals
P.O. Box 303
Jensen Beach, FL 34958
772.621.2622
561.307.2232 cell
1ZVFT82H875218202