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saleen extreme no book value for trade in

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Old 03-31-2008, 01:21 AM   #1
AL_TOON
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Default saleen extreme no book value for trade in

how does one figure out the value of the saleen extreme? My insurance company said how much do you want to insure it for? I was like 50k thats what I paid....they couldnt come up with a value



as far as trade in, (how does one judge the value of a saleen extreme?)


thanks (look at what others have sold for?)
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Old 03-31-2008, 01:43 AM   #2
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Default RE: saleen extreme no book value for trade in

Thats a very good question! []
What I would do is call saleen and ask for a letter of authnticty (i hope thats how u spell it lol)
And then have them send you a paper with the value of the car on it for insurance and trade in purpose's. I have never done that but seems like it would would work.
Why a letter of authnticty.......Well to show your insurance Its a real Saleen.
and also if you ever want to trade it in you can show them that as well!
Hope I helped!
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Old 03-31-2008, 10:56 AM   #3
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Default RE: saleen extreme no book value for trade in

I would get a copy of your original Mahroni (window sticker) and also have your insurance company referance NADA Guides (NADAGuides.com). They area specialty vehicle blue book that lists Saleens.
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Old 03-31-2008, 02:49 PM   #4
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Default RE: saleen extreme no book value for trade in

N.A.D.A Guides does not list the E cars.
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Old 03-31-2008, 03:51 PM   #5
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Default RE: saleen extreme no book value for trade in

Quote:
ORIGINAL: AL_TOON

how does one figure out the value of the saleen extreme? My insurance company said how much do you want to insure it for? I was like 50k thats what I paid....they couldnt come up with a value



as far as trade in, (how does one judge the value of a saleen extreme?)


thanks (look at what others have sold for?)
what i did with my E was have the insure the Mustang GT value and add 20K coverage



....also I have seen dealers determine trade in by looking at ebay. Unfortunatly theres just not alot on ebay to even
know if thats market value..just too small of a sample
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Old 03-31-2008, 04:22 PM   #6
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Default RE: saleen extreme no book value for trade in

Quote:
ORIGINAL: AL_TOON

how does one figure out the value of the saleen extreme? My insurance company said how much do you want to insure it for? I was like 50k thats what I paid....they couldnt come up with a value



as far as trade in, (how does one judge the value of a saleen extreme?)


thanks (look at what others have sold for?)
I had mine appraised by a licensed apprasier and gave to my Allstate insurance company. It is a stated value on my insurance policy.

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Old 03-31-2008, 05:00 PM   #7
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Default RE: saleen extreme no book value for trade in

well now you have me wondering, i just bought an 07 brand new off ebay for 54,500 and when i told geico it was a saleen they asked me how much i payed for it , well i didnt want to say the actual amount so i told them the msrp was 76,000 and i got a good deal because it was a leftover , they didnt press me for the actual amount, or ask any other questions, maybe i need to reach out and make sure im being properly insured.
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Old 03-31-2008, 05:51 PM   #8
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Default RE: saleen extreme no book value for trade in

Quote:
N.A.D.A Guides does not list the E cars.
Not sure about the newer ones, but NADA lists the earlier year Extremes (both coupe and vert).
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Old 03-31-2008, 05:54 PM   #9
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Default RE: saleen extreme no book value for trade in

You can insure a vehicle for whatever amount you want(within reason), you just have to pay the premium. I work for an insurance company and the majority of our clients with specialty vehicles are insured through Hagerty.
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Old 03-31-2008, 06:09 PM   #10
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Default RE: saleen extreme no book value for trade in

So what insurance do you recomend for all us saleens 05saleen#243
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Old 03-31-2008, 06:35 PM   #11
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Default RE: saleen extreme no book value for trade in

I am paying GT rates. They told me that is how Saleens are covered. They said once I get in an accident, I just tell them that it is a Saleen and they will pay the difference.

I think it is BS but I had no other choice so hopefully I wont be crashing it soon.
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Old 03-31-2008, 07:59 PM   #12
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Default RE: saleen extreme no book value for trade in

insurance is one thing. rates dont seem to change from a 30k mustang gt to a 50k saleen extreme

about trade in value...... have the window sticker and we post cars on ebay with buy it now for 70k so the other dealer sees and realizes this is the real
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Old 03-31-2008, 08:24 PM   #13
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Default RE: saleen extreme no book value for trade in

You can use the sticker and online prices. NADA does show the older E cars. Hopefully they will have the newer ones soon.
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Old 03-31-2008, 08:29 PM   #14
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Default RE: saleen extreme no book value for trade in

nada link? i cannot find it
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Old 04-01-2008, 01:48 AM   #15
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Default RE: saleen extreme no book value for trade in

Gosh all this is so confusiong lol insurance's should start putting saleens down as a saleen and not a mustang is there a collectors insurance out there?
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Old 04-01-2008, 03:03 AM   #16
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Default RE: saleen extreme no book value for trade in

AL-TOON,

In cases such as this, you'd probably want the "stated value" insurance as others had suggested -- you'll have to justify value with a copy of the window sticker as Jared suggested, and you'll have to decide just how much you're willing to pay. Some companies will do "stated value" only on collector cars driven only x-number of miles or less (not a primary vehicle), so you'll probably have to shop around unless someone pipes-in with some of their experiences.

Team Saleen will provide a photocopy or scan of your window sticker for free, and at least that's a starting point for value.

As Greg said, NADA does not list the Extreme, but the information on the SC may help: http://www.nadaguides.com/ and click on the "Used Car Values" link in the right column.

It would be better to over-insure than under-insure... at least until better values are published, but basically you'll looking at window sticker minus x-amount of depreciation.
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Old 04-01-2008, 06:57 AM   #17
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Default RE: saleen extreme no book value for trade in

I use Grundy for my insurance, they take stated value.
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Old 04-02-2008, 08:59 PM   #18
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Default RE: saleen extreme no book value for trade in

trade in value only....... how does a dealer make up his mind?lets just say a porsche dealer? ....how do they figure out what it is worth
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Old 04-02-2008, 09:52 PM   #19
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Default RE: saleen extreme no book value for trade in

Dealers do the same type of research you would do. They find out how much they could expect to sell the car for or how much they bring in at auctions......then they give you thousands of dollars less on a trade-in so they can make money on a sale.
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Old 04-02-2008, 09:52 PM
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