Sad, Sad Day... CO Vert Down :(

Bdubbs

u even lift bro?
Established Member
Premium Member
Joined
Jan 8, 2010
Messages
16,043
Location
MN
Glad your okay. No one pays attention these days.
 

IllCobra

Active Member
Established Member
Joined
Sep 26, 2008
Messages
951
Location
Florida
Holy crap, that sucks big time! But as others have said, at least you're okay. Plus, you have the option of a gt500 or a built cobra.

I'm interested in the touch screen stereo if you decide to part it out.
 

IllCobra

Active Member
Established Member
Joined
Sep 26, 2008
Messages
951
Location
Florida
For starters, that sucks a huge one man, I'll burn some rubber for you.

Secondly this just happened to me, so before you jump the gun and say you want to buy it back and part it out...find out the salvage value. I had progressive and they valued my 113k mile Silver Metallic 03 car at 22.6k. the salvage value was $9700. If i did a buy back, they were going to take that value out of the total loss payout, and give me the rest. Now I had some left over financing so some cash also had to goto that. My part out value was around 6k so it would have been a loss. I also had some one-off parts on my car but in the end it just made more sense to let them give me a cash value instead of taking a huge salvage value deduction and selling it for less, which includes the hassle of parting it out.
Whoah! That's a lot for a cobra with that many miles. When was that?
 

Liquidsnake

Lok'tar Ogar
Established Member
Joined
Apr 25, 2011
Messages
331
Location
Houston, Texas
They go off Market value and not KBB, and included paid tax and registration paid over time, some aftermarket parts. This past January
 

dpj99cobra

NC Mustanger
Established Member
Joined
Dec 20, 2009
Messages
330
Location
Greensboro, North Carolina
I had an agreed value policy through Grundy worldwide on it so I'm going to be okay there. They valued it at $9k for buy back so I think I'm going to go ahead and do it. Should be able to get close to that for a 19k mile motor, harnesses, and trans I would think. Then the rest is extra. Every piece of the interior is custom. The plastic was even covered in leather with orange stitching.

Sent from my Pixel using the svtperformance.com mobile app
Wow, shocked! Certainly a good call on the AV policy. One of the first things I did when I got my CO vert from Cool Cobra on here. I showed next to your car about 10 years ago at VIR when its owner was in Graham, NC. Truly an immaculate build and a loss for sure. I hope medically that you don't have lingering issues that was a solid shot.

Sent from my SM-T710 using the svtperformance.com mobile app
 

Max97COBRAtkd

Well-Known Member
Established Member
Joined
Oct 24, 2006
Messages
1,557
Location
Wilmington, NC
Wow, shocked! Certainly a good call on the AV policy. One of the first things I did when I got my CO vert from Cool Cobra on here. I showed next to your car about 10 years ago at VIR when its owner was in Graham, NC. Truly an immaculate build and a loss for sure. I hope medically that you don't have lingering issues that was a solid shot.

Sent from my SM-T710 using the svtperformance.com mobile app

Yea, Grundy aka Philadelphia Indemnity has been great and easy to work with. Mark was the one who did all the mods... I told him first. Big loss for sure. Medically... Kinda sucks, especially since I am a martial arts instructor. Let's just say I'm talking to a lawyer tomorrow.

Sent from my Pixel using the svtperformance.com mobile app
 

dpj99cobra

NC Mustanger
Established Member
Joined
Dec 20, 2009
Messages
330
Location
Greensboro, North Carolina
Yea, Grundy aka Philadelphia Indemnity has been great and easy to work with. Mark was the one who did all the mods... I told him first. Big loss for sure. Medically... Kinda sucks, especially since I am a martial arts instructor. Let's just say I'm talking to a lawyer tomorrow.

Sent from my Pixel using the svtperformance.com mobile app
Nice to hear your insurance experience has been good. My policy is with Hagerty and I pray I don't need it but glad it's there. I met Mark a time or two but didn't know him well. I'm sure word will get out on the CO Facebook group eventually and you'll hear from lots of others too. Hopefully you're not out of work, or at least not long term.

Sent from my SM-T710 using the svtperformance.com mobile app
 

Boogie Chillin

Pew, pew, ... pew, pew, pew.
Established Member
Joined
Jan 29, 2005
Messages
393
Location
Maryland
Damn that's terrible. Comp O is my favorite. Good call on the insurance. I got my policy last year.
 

Smm7PT

Active Member
Established Member
Joined
Mar 21, 2017
Messages
152
That girl deserves some time behind bars, to me that is a hate crime! It was such a pretty car.
OP, There is a new Shelby out there with your name on it.


Sent from my iPhone using svtperformance.com
 

Max97COBRAtkd

Well-Known Member
Established Member
Joined
Oct 24, 2006
Messages
1,557
Location
Wilmington, NC
Was this the same CO vert at fastlane a few weeks ago???


Sent from my iPhone using Tapatalk
Yes, sure is. Only had her for 2 months. :(
That girl deserves some time behind bars, to me that is a hate crime! It was such a pretty car.
OP, There is a new Shelby out there with your name on it.


Sent from my iPhone using svtperformance.com

I totally agree. I'll talk to the lawyer tomorrow, haha.

It all depends if I want to get a nice 4 banger turbo hatch as a daily and an 03/04 Cobra or go all out and get a built 12 or 13-14 Shelby and keep my little Honda as my daily for a bit more.

Sent from my Pixel using the svtperformance.com mobile app
 

josephcostello

Well-Known Member
Established Member
Joined
Aug 24, 2014
Messages
753
Location
Los Altos
I've followed this car for a long time. So sad something like this happened to such a well put together and rare car. I carry a dashcam in my daily as well as my cobra. If something like were to happen to my cobra and someone tried to lie about it I would slam them. Can't trust people these days. Makes me super nervous when people fly up on my ass or drive super aggressively.


Sent from my iPhone using svtperformance.com
 

nxhappy

Well-Known Member
Established Member
Joined
Dec 16, 2006
Messages
10,031
Location
AZ
wow, whatta stupid ****. glad you are OK though.

find another one !!!!!!!!!!!!!!
 

Users who are viewing this thread



Top