2007 FORD MUSTANG FOOSE STALLION

Transcription

1 2007 FORD MUSTANG FOOSE STALLION 2007 EXPERT AUTO APPRAISALS

2 Vehicle Inspection Report 2007 Ford Mustang Foose Stallion VIN 1ZVFT82H Inspected and Appraised by: Chip Davis Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL ZVFT82H

3 Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL Fair Market Value Conclusion 2007 Ford Mustang Foose Stallion VIN 1ZVFT82H 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, 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 cell chip@expertautoappraisals.com 1ZVFT82H

4 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. 1ZVFT82H

5 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. 1ZVFT82H

6 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. 1ZVFT82H

7 Exterior Summary Component Poor Fair Average Good Very Good Excellent 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 Engine Compartment Dash Instrument Panel Gauges Front Seats Rear Seats Door Panels Interior Trim Top / Headliner Carpets þ þ þ þ þ þ þ þ þ þ þ þ þ þ þ þ þ þ þ þ þ 1ZVFT82H

8 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? The center of attention everywhere it goes. Because he wanted his first limited edition productionbased vehicle to turn as many heads and draw as many admiring glances as his jaw-dropping, seven-figure oneoffs. Which means the Foose imprint is everywhere: Foose paint. Foose bodywork. Foose interior and Foose Design 20-inch alloy wheels. The antithesis, in other words, of the typical bolt-ons and parts bin limited edition car. Now you can be one of the first people outside of celebrities and multi-millionaires to own your very own Chip Foose original design. To express your own personal style, Chip has developed a series of 36 smokin custom paint and pinstripe combinations to choose from, featuring DuPont Hot Hues paints. 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 high quality engineering and craftsmanship of their official continuation Shelby Mustangs, Unique is the world s premier small volume manufacturer of vintage and contemporary production American muscle cars. A once-in-a-lifetime driving experience. As much of a knockout as the 2007 Foose Mustang is to look at, it s even more incredible to drive and own. Its own unique suspension components. Own unique engine tuning. Even its own sound. Like all of Chip s creations, not a collection of parts, but a fully realized, exhilarating vision brought to adrenalin-pumping life. And it s all covered by a comprehensive 3-year/36,000-mile new car warranty.* * See an authorized Foose Stallion dealer or UniquePerformance.com for details.

9 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: Rear Axle: Final Drive: Tremec TR speed manual (standard) 5R55S 5-speed automatic (optional) 8.8-inch limited-slip differential 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: MacPherson struts with reverse L lower control arms, anti-roll bar Rear: 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 P255/35R20 Z-speed rated tires Rear: 20 x 10-inch Foose Design Nitrous wheels P275/35R20 Z-speed rated tires Choice of black or gray powder-painted center with diamond cut, machined lip. Full chrome finish optional. Exterior Available Colors: Performance White Clearcoat 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. CONCEPTS 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.

10 Stage 3 Motorsports 3023 Grand Ave Phoenix, AZ Invoice 1/18/2011 PHONE9477 Bill To XXXXXXXX XXXXXXXX XXXXXXXX Ship To XXXXXXXX XXXXXXXX XXXXXXXX I P.O. Number JB Quantity I Item Code Description Mustang 435hp ROUSHcharger Kit (Polished) Supercharger needs to be delivered between the week of Feb. 3rd -10th Out-of-state sale, exempt from sales tax Price Each Amount 3, ,999.00T 0.00% 0.00 I *Return Policy: *Freight Shipping Policy: httn:// sllinnin!! nolicv/ Total $3,999.00

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37 Currently Available Comparable Vehicles Hemmings $22,500 1ZVFT82H

38 Currently Available Comparable Vehicles Gateway Classic Cars $27,995 1ZVFT82H

39 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 Source Selling Price 2007 Ford Mustang Foose Hemmings $22,500 Stallion 2007 Ford Mustang Foose Gateway Classic Cars $27,995 Stallion 2007 Ford Mustang Foose Mecum Auctions $30,000 Stallion Averages $26,832 Condition / Market Adjustment Mileage compared to comparable $2,683 examples selected Add 10% Condition / Market Adjustment One owner, Overall Condition $2,683 Add 10% Adjusted Fair Market Value $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 1ZVFT82H

40 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. 1ZVFT82H

41 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: Respectfully submitted, Thirty Two Thousand One Hundred and Ninety Eight Dollars $32,198 Chip Davis Expert Auto Appraisals 1ZVFT82H

42 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. 1ZVFT82H

43 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. 1ZVFT82H

44 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 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 cell 1ZVFT82H