Marauder Values!

[03marauderman]

Here's a topic that should get a lot of reaction.... What are Marauders worth??? I have seen them advertised for as low as $2500. up to $30,000. Understanding the obvious for the low figure being a worn out car, with the higher figure being one that is preserved....I guess what I don't understand is how can a worn out running Marauder be worth $2500. Going back to the 60'ies muscle cars,... few had the forsite that some day, even the basket cases could bring $5000-$10,000. But a Marauder being a thoroughbred right out of the gate should never reach a bottom out figure? I still own my 72 GTO which I bought new, and wish I kept the earlier ones, so when the opportunity came to buy a Marauder, I had to have it, as I knew this would be the last true domestic muscle car outside of a Mustang, Vette. (Dodge is not a factor as their performance models are of a later era) not including foreign....I just could never imagine how a Marauder could reach the depths of a cheap back lot used car lot....Will well kept, decent mileage Marauders continue to drop in value??

[03blackvegas]

Hemi Cudas were selling for $3500.00 at one time, I call that "Rock Bottom".

[8UWITH6]

Simple. A car is worth what someone is willing to pay for it. There are too many variables to discuss. As the car's get older they get to the point where they are really nice (higher prices) or worn out (low prices). The inbetween occurs when someone thinks a POS is worth 10G's or a low mile car someone has is also sold at 10 because it's an old car to them regardless of make or model. Modifications modify value up for some down for other's. Color combos the same thing. Personal preferences as well. A lot of discussion to come but ultimately price's are always fluctuating.

[kirk]

Almost every new car goes through that U shaped value curve. The cars that don't are very rare. The shape of that curve varies across different cars, but they will all hit some rock bottom that will also vary. Those low values will rise over time.

Then you have the outlier individuals that get crazy thinking values for some car are ridiculously high or low, often because it's so rare or common. Rare cars are worthless if there isn't one buyer willing to pay anything close to the seller's price. Common cars will have more value in the future if they're the only thing available.

It's all relative. Relative to time, supply, demand, knowledge, etc. As was said, too many variables.

Personally, I stumble on a great deal one day only to pay too much the next. It all evens out in the end.

[justbob]

Here's a topic that should get a lot of reaction.... What are Marauders worth??? I have seen them advertised for as low as $2500. up to $30,000. Understanding the obvious for the low figure being a worn out car, with the higher figure being one that is preserved....I guess what I don't understand is how can a worn out running Marauder be worth $2500. Going back to the 60'ies muscle cars,... few had the forsite that some day, even the basket cases could bring $5000-$10,000. But a Marauder being a thoroughbred right out of the gate should never reach a bottom out figure? I still own my 72 GTO which I bought new, and wish I kept the earlier ones, so when the opportunity came to buy a Marauder, I had to have it, as I knew this would be the last true domestic muscle car outside of a Mustang, Vette. (Dodge is not a factor as their performance models are of a later era) not including foreign....I just could never imagine how a Marauder could reach the depths of a cheap back lot used car lot....Will well kept, decent mileage Marauders continue to drop in value??



Did you buy it used? If yes, then that is what it was worth that day. To you.

You might have spent another $1,000 or $2,000 if it were closer to you, or last summer on a nice day when you wanted to cruise, or even more than that if your car broke and this came into your lap..

However, you might have paid less if you power shopped, looking for a flip, or just a tight wad. Nothing wrong with that, sellers can either will play along or tell you pound sand.

Either way, these cars have never had “a price”.


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[sailsmen]

"In property and auto physical damage insurance, one of several possible methods of establishing the value of insured property to determine the amount the insurer will pay in the event of loss. ACV is typically calculated one of three ways: (1) the cost to repair or replace the damaged property, minus depreciation; (2) the damaged property's "fair market value"; or (3) using the "broad evidence rule," which calls for considering all relevant evidence of the value of the damaged property.".

[gdsqdcr]

As already said, they are worth what someone will pay for it. Marauders are a rare car, but they are also not that well known/recognized. I have a guy a work who knows a lot about classic muscle, has a few, and he asked why I put rims on my grand marquis.

I would never buy a Shelby fastback mustang for 125k, but I would also never sell my DPB Marauder for under 15k.

[03marauderman]

The exception is "Stated Value" policy - in which I have....Mine is insured with JC Taylor as the agent & Formost Insurance is the risk carrier. "Modified Policy" with a $25,000 agreed stated value, for both comp & collision...If I total my car I get $25,000. less $500. deductible...If Joe Smo Insurance totals it, and offers me market value, where they get a company like CCC to calculate all the dealer & private sale values of LKQ (like, kind & quality) in my case a 2003 Marauder, I go through my collision & still get my $25,000.

[03marauderman]

I'm getting the fact that anything is worth what somebody is willing to pay....and realize the variables of condition and desirability of a particular car. I don't believe I have overestimated the uniqueness of this rare breed and feel that a car of this pedigree would be deserving of a premium. I do feel however owners of these cars, sought them out for what they are, rather than falling into the hands of buying what happen to be a Marauder...You only had two chances to buy one of these new. 2003 & 2004...Unlike the competitors in that era before and after where if you didn't buy one one year, there is always next year... Quite honestly I lost count of all the special edition Stangs & Vetts with regards to their coded nomenclature. I mean how many more Bullitt Mustang editions do we need? Elena Ford said it best when Mercury wanted to bring back performance with V-8 power, rear wheel drive, dual exhaust, floor mounted shifter,.... bit of ole skool thinking but isn't that the attraction? I'm getting off topic here with regards to value, but the Marauder will always be a step above.....Oh and for the guy who know a lot about classic muscle asking why you put rims on a Grand Marquis? - I think he has a lot to learn.....

[RubberCtyRauder]

This car originally was going to be Ford's, as a Crown Victoria called the Night Shadow or something with a sohc 4.6 supercharged. It was not Mercury's idea , initially, to resurrect a name.

[03marauderman]

Two youtubes that I enjoy watching from time to time, to keep the juices flowing are 'Motor Week' & 'Speed Channel' Here's the link that addresses the inspiration for the Marauder development....

https://www.youtube.com/watch?v=uXKvVyJb-go

[RubberCtyRauder]

The info about the crown vic being the first chosen model was provided directly from Steve Babcock, the project manager of the Marauder. He was a regular attendee and speaker at over 10 Maraudervilles.

[Spectragod]

Well, this thread reminded me of an AAR Cuda’ I sold in 81’, it was just a 11yo car and didn’t have the original motor. I listed it in the local paper and sold it in 3 hours, the phone rang for 2 weeks...... I sold it for 3k.

I guess I should have gotten more, bought it from a friend of a friend who needed money for taxes, I paid $200 for it, in less than a week, I recouped my money, at least that’s the only way I can look at it and not cry... lol



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[RubberCtyRauder]

read this thread and the PDF's supplied by Steve Babcock as well. Although not listed on paper anywhere, Steve told us that some large Lincoln dealers in TX that had some influence with Elena Ford lobbied to her that they should be charging $5k more. The target price was originally $30,995 so she did and priced them out of the market and had poor marketing of the car, thus why a short run of a car supposed to be a Ford version of the Impala SS of the mid 90's.


https://mercurymarauder.net/forums/showthread.php?t=95463

[martyo]

Hey Tom your Facebook page got hacked.

[gdmjoe]

RubberCtyRauder - This car originally was going to be Ford's, as a Crown Victoria called the Night Shadow or something ...
The Blackhawk (http://www.gdmjoe.com/marauder/documents/blackhawk.html) ««« -click-
.

[03marauderman]

I'm not here to discredit Steve Babcocks creditability nor anyone else's, I was simply providing where I obtained my info from. I view forums as a fun place to share a common interest, I mean who really cares outside this circle. Get with a group of motor heads and a Marauder topic is short lived. If you really want to raise the bar on Marauders, try running a couple of mint examples through Barrett Jackson, but that's a whole different topic..... I fell in love with the Marauder the first time I saw one, and it was instant, no pondering. It was perfect for a last chance, to get a car that brought out the excitement of cars in our youth, speaking for myself.... I am perfectly content with my bone stock out of the box Marauder, and the thrill I get going down a ramp merging on to an expressway....I found another interesting youtube on a $5000. Marauder, complete with painted red emblems and a trunk full of boom boxes. Examples like this puts a better prospective on the value of these cars....Oh and getting back to Ford....Didn't they have their hands full with the Thunderbirds at that time?

https://www.youtube.com/watch?v=1fAgdAtAW0A

[03marauderman]

Ah...I think this is the Vic your talking about....So it did go into production?

https://nwct.craigslist.org/cto/d/2004-crown-victoria-sport/6745632710.html

[RubberCtyRauder]

Ah...I think this is the Vic your talking about....So it did go into production?

https://nwct.craigslist.org/cto/d/2004-crown-victoria-sport/6745632710.html

No, that is a sport, same sohc motor. The Marauder was originally conceived as a Crown Vic Blackhawk. Mercury had nothing to do with it at the time. Then higher-ups decided to give it to Mercury as their sales were flat and dwindling. Steve Babcock worked for Ford and when the Crown Vic concept was given to Mercury, he transferred to Mercury and led the entire project. YouTube stuff is subjective, most of it tweaked info.

[justbob]

Two youtubes that I enjoy watching from time to time, to keep the juices flowing are 'Motor Week' & 'Speed Channel' Here's the link that addresses the inspiration for the Marauder development....



https://www.youtube.com/watch?v=uXKvVyJb-go



I’d love to flip my keys to Parnelli for a review..


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[Mr. Man]

I'm not here to discredit Steve Babcocks creditability nor anyone else's, I was simply providing where I obtained my info from. I view forums as a fun place to share a common interest, I mean who really cares outside this circle. Get with a group of motor heads and a Marauder topic is short lived. If you really want to raise the bar on Marauders, try running a couple of mint examples through Barrett Jackson, but that's a whole different topic..... I fell in love with the Marauder the first time I saw one, and it was instant, no pondering. It was perfect for a last chance, to get a car that brought out the excitement of cars in our youth, speaking for myself.... I am perfectly content with my bone stock out of the box Marauder, and the thrill I get going down a ramp merging on to an expressway....I found another interesting youtube on a $5000. Marauder, complete with painted red emblems and a trunk full of boom boxes. Examples like this puts a better prospective on the value of these cars....Oh and getting back to Ford....Didn't they have their hands full with the Thunderbirds at that time?

https://www.youtube.com/watch?v=1fAgdAtAW0AAt a minimum get a tune from Marty at Mo's speed shop(sponsor here) to fix the annoying transmission schedule Mercury came up with. You'll thank me later.

[IndyMerc]

I paid 7200 for my 300a, clean title, 138,000 miles. bone stock + dealer service records.

[Marauderman]

The exception is "Stated Value" policy - in which I have....Mine is insured with JC Taylor as the agent & Formost Insurance is the risk carrier. "Modified Policy" with a $25,000 agreed stated value, for both comp & collision...If I total my car I get $25,000. less $500. deductible...If Joe Smo Insurance totals it, and offers me market value, where they get a company like CCC to calculate all the dealer & private sale values of LKQ (like, kind & quality) in my case a 2003 Marauder, I go through my collision & still get my $25,000.


I'm getting the fact that anything is worth what somebody is willing to pay......

Since your willing to tell us what you have on yours above...…..and worth what somebody is willing to pay...……… could you tell us what you paid for the
$25,000 insurance cover like yours--?--some of us may be in the market for some of the same--... Thanks

[03marauderman]

I have 2 cars on my JC Taylor modified policy..the Marauder and a 06 Crown Victoria retired NYC taxi....with the extended body. Rear doors are 12" longer than a regular CV....25k on the Marauder, 10k on the taxi, just comp on that, no collision. The yearly premium is $636.00.....

[RubberCtyRauder]

If you have comp only, then your cars are not covered in any collisions, Your ins. co. will not pick up the difference if another party is at fault..

[03marauderman]

The Marauder has full coverage - Comp & Collision...... the taxi only has Comp....

[gdmjoe]

03marauderman - Ah...I think this is the Vic your talking about....So it did go into production? < 2004 Crown Victoria CraigsList(ing) >
As RubberCtyRauder noted, that is a LX Sport model of the Crown Victoria

The Crown Victoria LX Sport was available beginning mid-year 2001 (as a Sport Appearance Package option) thru 2008 (LX Premium Sport Handling and Performance package). While they share the majority of body panels, have leather bucket seating and a floor shift with the 2003-2004 Marauder, they are not equivalent.

Details » Ford Crown Victoria LX Sport (http://www.gdmjoe.com/gothvic/documents/lxsport/lxsport.html) ««« -click-

NOTE: Mercury offered an equivalent model of the LX Sport, the Grand Marquis LSE (Limited Sport Edition) in 2001-2003, 2004 (Canada only) and 2005. More information: Grand Marquis LSE (http://mercurygrandmarquislse.com/)
.

[Lowndex]

My Marauder is worth all the pain and suffering to date. Oh, and whatever Marty wants to make my dream come true.

[Spectragod]

My Marauder is worth all the pain and suffering to date. Oh, and whatever Marty wants to make my dream come true.



Mine is worth $8 after all it has had done to it.


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[MyBlackBeasts]

The exception is "Stated Value" policy - in which I have....Mine is insured with JC Taylor as the agent & Formost Insurance is the risk carrier. "Modified Policy" with a $25,000 agreed stated value, for both comp & collision...If I total my car I get $25,000. less $500. deductible...If Joe Smo Insurance totals it, and offers me market value, where they get a company like CCC to calculate all the dealer & private sale values of LKQ (like, kind & quality) in my case a 2003 Marauder, I go through my collision & still get my $25,000.


Yep, that's how a "Stated" or "Agreed Value" policy from a collector/hobby insurance company works.


Unlike getting "antique" or "premium determination" policy from a Standard carrier. This coverage is still paid out at loss based on ACV with the policy "value" being a max cap.

[Invective]

"In property and auto physical damage insurance, one of several possible methods of establishing the value of insured property to determine the amount the insurer will pay in the event of loss. ACV is typically calculated one of three ways: (1) the cost to repair or replace the damaged property, minus depreciation; (2) the damaged property's "fair market value"; or (3) using the "broad evidence rule," which calls for considering all relevant evidence of the value of the damaged property.".

My State Farm Agent explained this to me in similar terms when I inquired about possibly being shortchanged should I suffer a total loss. I can’t get collector’s insurance anyway as I read where one must park the insured car inside a secure garage - that leaves me with conventional auto insurance for the time being.

[sailsmen]

Some Auto Insurers have recently offered ACV +20% for an additional premium.

I don't know if SF is offering. Couldn't hurt to ask.

[MyBlackBeasts]

My State Farm Agent explained this to me in similar terms when I inquired about possibly being shortchanged should I suffer a total loss. I can’t get collector’s insurance anyway as I read where one must park the insured car inside a secure garage - that leaves me with conventional auto insurance for the time being.


Not true, Hagerty recently changed U/W rules to allow for driveway parking on vehicles less than $30,000 (I have to ck to see if this is correct value amount) in value.


Collector car just can't be your only car, you have to have a year round daily driver. Call them and see if your car qualifies.


Also, make sure you have that in writing from your SF agent. That way when SF doesn't give you stated value you can collect from the agent's E&O policy.

[03marauderman]

My recommendation is stay away from standard auto policy carriers....those who insure every day daily drivers/vehicles.....They do not have the interest in the specialized vehicles, and if a claim should arise, you will definitely be at a disadvantage....Go with a specialized agency: JC Taylor, Hagerty, and several others.....Only they truly understand & have experience in specialized vehicles....

[Logan86]

My yearly policy with Haggerty is $856 for full coverage on the Marauder with an agreed value of $25,000.

I park mine in the garage and have two other vehicles that are daily driven.

I just couldn't see spending more money for less coverage with my regular insurance company.

[Marauderman]

My yearly policy with Haggerty is $856 for full coverage on the Marauder with an agreed value of $25,000.

I park mine in the garage and have two other vehicles that are daily driven.

I just couldn't see spending more money for less coverage with my regular insurance company.

Thanks--your info is most helpful.

[Spectragod]

My yearly policy with Haggerty is $856 for full coverage on the Marauder with an agreed value of $25,000.

I park mine in the garage and have two other vehicles that are daily driven.

I just couldn't see spending more money for less coverage with my regular insurance company.



I know it will vary from state, I’m using Grundy , my agreed value is 45k and my last premium was $523. It was originally about $130 higher when I started the policy, but over time it has dropped, just as regular insurance does.


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[crownvic97]

Not true, Hagerty recently changed U/W rules to allow for driveway parking on vehicles less than $30,000 (I have to ck to see if this is correct value amount) in value.


Collector car just can't be your only car, you have to have a year round daily driver. Call them and see if your car qualifies.


Also, make sure you have that in writing from your SF agent. That way when SF doesn't give you stated value you can collect from the agent's E&O policy.

Any source on the no garage change? That is of much interest to me.

[MyBlackBeasts]

Any source on the no garage change? That is of much interest to me.


I am an insurance agent, own an agency and sell Hagerty and JC Taylor Antique/Modified/Collector car insurance.


As rules vary by state, call Hagerty to see if your car qualifies for coverage.

[sailsmen]

"In property and auto physical damage insurance, one of several possible methods of establishing the value of insured property to determine the amount the insurer will pay in the event of loss. ACV is typically calculated one of three ways: (1) the cost to repair or replace the damaged property, minus depreciation; (2) the damaged property's "fair market value"; or (3) using the "broad evidence rule," which calls for considering all relevant evidence of the value of the damaged property.". - The above is the Actual Cash Value definition, aka ACV.

Stated Value typically is the MOST an insurance company will pay.

Ultimately it's your policy that determines. Read your policy or ask for a complete sample copy.

[MyBlackBeasts]

Any source on the no garage change? That is of much interest to me.



From my most recent communication from Hagerty:



LOWER MINIMUM VALUES



We’ve lowered the minimum vehicle value requirements for all stock cars and trucks to $3,500, regardless of the vehicle’s age.
We’ve lowered the minimum vehicle value requirements for Lowriders, Pro-Street and Exotic Replicas to $15,000.



STORAGE CHANGES*



We’ve increased the maximum value for vehicles stored in a driveway to $50,000.
We’ve increased the maximum value for vehicles storedin a carport to $100,000.


There are other underwriting rules so you will need to call to see if your vehicle will qualify.


Good luck!

[Marauderman]

I know it will vary from state, I’m using Grundy , my agreed value is 45k and my last premium was $523. It was originally about $130 higher when I started the policy, but over time it has dropped, just as regular insurance does.


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…interesting……………..but does the agreed value remain the same with the drop in (yearly) premium???

[crownvic97]

From my most recent communication from Hagerty:



LOWER MINIMUM VALUES



We’ve lowered the minimum vehicle value requirements for all stock cars and trucks to $3,500, regardless of the vehicle’s age.
We’ve lowered the minimum vehicle value requirements for Lowriders, Pro-Street and Exotic Replicas to $15,000.



STORAGE CHANGES*



We’ve increased the maximum value for vehicles stored in a driveway to $50,000.
We’ve increased the maximum value for vehicles storedin a carport to $100,000.


There are other underwriting rules so you will need to call to see if your vehicle will qualify.


Good luck!



Thanks for that!

[Spectragod]

…interesting……………..but does the agreed value remain the same with the drop in (yearly) premium???



Yes it has...


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