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Old 08/03/2006, 02:59 PM   #1
T Code Bob
 

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T Code GT/CS - What's it Worth?

I'm looking to increase the value on my insurance policy for my GT/CS. I've had it at $7500 since I bought it in '97 (which may have been overvalued then). Since then, I've redone the engine, chasis, and interior. Also the GT/CS seems to have appreciated over that time. I've seen a lot of GT/CS lsited on e-Bay in the mid-20s. The problem is, they're all V8s. Since there were only 80 T codes, it's hard to set a value based on watching the market. With $3+ gas, are T codes worth more than V8s now?

Let me know what you think.
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Old 08/03/2006, 03:34 PM   #2
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In comparable condition, a 6-cyl will not be worth as much as a V-8, no matter how much gas costs. And big V-8s will always be worth more than small V-8s. I'm not saying that there aren't people that prefer one over the other (rather have a 390 than 428, rather have a 6-cyl than 8-cly), but the price is dictated by the engine size.

Let the arguing begin...

Scott

68.5 Blck Mustang CJ Cnvrt, 68 Lme Gld GT/CS, 68 Rd HCS (fact 428), 68 Ac Bl Mustang GT Cnvrt, 68 Ylw GT500KR Cnvrt, 68 Hlnd Grn GT500KR Cnvrt, 68 Gld G.T. 500 Cnvrt, 68 Ryl Maroon Mustang Sprint Cpe, 68.5 Hlnd Grn Fstbck, 68.5 Ylw Mustang Fstbck. Visit my website www.scottfullerreproductions.com .
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Old 08/03/2006, 05:50 PM   #3
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insure it for $15k. might be a touch high today but in a little time it might be low. All they do is ask you what it is worth, you don't have the prove it.

2005 Ford GT (2000hp)226.2 mph in the standing mile, 2008 Superleggera UGR X Version (2000+hp),2014 S63, 89 IROC 30k miles, 150 shot NOS
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Old 08/03/2006, 08:22 PM   #4
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I don't know - that sounds a little low to me.

NADA has avg retail on a 6-cyl at $13,200. 20% decrease for 6-cyl.

I went from $13,000-25,000 on my insurance in less than a year and they didn't blink an eye.

I have a 3-speed 302 with no options except dealer a/c. No p/s, no p/b, needs paint and interior. NADA has mine at $20,600.

Maybe $15,000 is about right but would it hurt to ask for a little more?

Last edited by BroadwayBlue; 08/04/2006 at 08:35 AM..

Rich

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Old 08/03/2006, 09:55 PM   #5
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You can add 15% for air conditioning.
There was a nice T-code for sale on Ebay a few months ago. I don`t think he got the BIN of $10,000.00 did he?

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Old 11/15/2006, 12:52 PM   #6
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Quote:
Originally Posted by T Code Bob
I'm looking to increase the value on my insurance policy for my GT/CS. I've had it at $7500 since I bought it in '97 (which may have been overvalued then). Since then, I've redone the engine, chasis, and interior. Also the GT/CS seems to have appreciated over that time. I've seen a lot of GT/CS lsited on e-Bay in the mid-20s. The problem is, they're all V8s. Since there were only 80 T codes, it's hard to set a value based on watching the market. With $3+ gas, are T codes worth more than V8s now?

Let me know what you think.
According to my Marti report there were 148 T-code GT/CS`s.
But thats out of 4118, 251 of the 4118 were HCS`s. Anybody got a clue as to how many of the 148 T-codes were HCS`s? Were the 80 GT/CS`s T-codeBob is talking about all GT/CS`s?
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Old 11/15/2006, 02:59 PM   #7
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Quote:
Originally Posted by Mustanglvr
Anybody got a clue as to how many of the 148 T-codes were HCS`s? Were the 80 GT/CS`s T-codeBob is talking about all GT/CS`s?
I can't divulge exact numbers yet, but about 3-5% were T-code GT/CSs, and less than 3% (of 251) were T-code HCSs.

As far as value, I'd consider what it would cost to replace your (or any other GT/CS). There are less than you might think, and finding one exactly like your own is very, very slim. So, the replacement cost should somehow include research time to find another one.

Since these are collectible cars, and not daily drivers (usually), the price of gas wouldn't have too much impact. The hard truth is that on the collector car market, the six cylinder doesn;t quite have the draw that the V-8s do. But--the personal and sentimental value would remain unchanged. If you want performance, one might consider a supercharger or turbo as a bolt-on, webers, etc...

Paul N.
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Old 11/16/2006, 09:55 PM   #8
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I was extremly happy that I had went to collector car insurance last year. If I had not the insurance company would of totaled out the car from the fire. As it was I was wondering if I was a little under insured with a declared value of 25,000.
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Old 11/17/2006, 05:15 AM   #9
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Who did the appraisal to decide how much to insure your car in the first place? My ins. co. will only insure mine right now for the same amount as a 68 coupe. I can`t find anyone that knows anything about these cars and their rarity, in my area, to get a decent appraisal.

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Old 11/17/2006, 06:34 AM   #10
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Rhonda, they must insure it for what it would cost to replace it. I challenge them to find someone willing to sell a GT/CS like yours (Highland Green, 289, and a 4-speed) for under $15,000.

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Old 11/17/2006, 07:04 AM   #11
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They said I needed to get a written appraisal by a car dealer or someone knowledgable with credentials. I contacted the head of our local car club and he knew nothing about it and gave me the run around after he said he would look into it. I told him to look on this site for information.

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Old 11/17/2006, 07:11 AM   #12
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Quote:
Originally Posted by Mustanglvr
They said I needed to get a written appraisal by a car dealer or someone knowledgable with credentials. I contacted the head of our local car club and he knew nothing about it and gave me the run around after he said he would look into it. I told him to look on this site for information.
why not use a collector car insurance? I use Grundy and have never had to provide anything other than my word on value. You have to have a garage and another car as your daily driver.

2005 Ford GT (2000hp)226.2 mph in the standing mile, 2008 Superleggera UGR X Version (2000+hp),2014 S63, 89 IROC 30k miles, 150 shot NOS
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Old 11/17/2006, 08:04 AM   #13
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Quote:
Originally Posted by 390cs68rcode
why not use a collector car insurance? I use Grundy and have never had to provide anything other than my word on value. You have to have a garage and another car as your daily driver.
Would they do the appraisal? Or would they make me get one like my current insurer?

RHONDA
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Old 11/17/2006, 08:10 AM   #14
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Jason, does Grundy limit the number of miles you can drive the car?

This getting older ain't for cowards. - John Mellencamp
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Old 11/17/2006, 09:16 AM   #15
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Quote:
Originally Posted by Mosesatm
Jason, does Grundy limit the number of miles you can drive the car?
Sorry; total brain freeze. I have my car insurance with Grundy! I was thinking about Haggerty for the mileage question because I think they limit the miles one can drive.

Grundy doesn't allow the car to be driven to work, to school, or for everyday errands (grocery store, doctor, etc).

Attached are the forms they require be filled out and returned to them. Plus they require photographs of the car.

Since I drive my car to work from time to time I dropped them and went with my regular carrier.

Hope this helps

Last edited by Mosesatm; 06/25/2007 at 08:30 PM..

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