I was in an accident and although the exterior damage was minimal the uni-body damage was extensive rendering the vehicle a total loss. I’m upside down on the loan and the insurance company has offered lower than market rate for the vehicle.
The vehicle is a 2004 Mach1 Mustang. Its a limited production vehicle with very minimal after market items, the vehicle also has 79,900 miles on it. The system the insurance company uses to calculate the market rate of the vehicle could not find any other Mach1’s to compare it to, therefore it used regular Mustang GT’s as comparable vehicles.
This shows a lack of consideration when it comes to the rarity of the vehicle and it’s not fair to compare a Mach1 to a regular Mustang GT. It would be like comparing a BMW M3 to a regular 3 series or a Mercedes AMG to a regular Mercedes Class vehicle.
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