f1 value question
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Junior User
Joined: Aug 2005
Posts: 56
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From: Cherryville, NC
f1 value question
Hey all, i just have a curious question about the value of my project since i have a few interested parties and i am considering a mustang project for the wife.
i have a 1950 f1 in good condition, i got it as a basket case totally disassembled and have since reassembled the chassis (painted, all new bushings, shocks ect..) installed cab after blasting,painting, and undercoating underside) interior is all cleaned up and painted, tank is boiled out and sealed, body has no rust but is primed/sanded a little. drivetrain is installed(also painted and all cleaned up) exhaust is installed, front inner fenders,core support,grille ect installed and engine bay is painted black. just started wiring and has newer style fuse panel. truck has flat 8, manual trans, also have another flat 8 that is bored .030 honed and bearings installed, new pistons, and merc crank but is not assembled. i have all parts to finish except windshield and rear window plus a lot of extras like carbs generators starters trans parts ect.. its a carolina truck and i am the 2nd owner, good title and odometer shows 38k.
thanks for the help!
i have a 1950 f1 in good condition, i got it as a basket case totally disassembled and have since reassembled the chassis (painted, all new bushings, shocks ect..) installed cab after blasting,painting, and undercoating underside) interior is all cleaned up and painted, tank is boiled out and sealed, body has no rust but is primed/sanded a little. drivetrain is installed(also painted and all cleaned up) exhaust is installed, front inner fenders,core support,grille ect installed and engine bay is painted black. just started wiring and has newer style fuse panel. truck has flat 8, manual trans, also have another flat 8 that is bored .030 honed and bearings installed, new pistons, and merc crank but is not assembled. i have all parts to finish except windshield and rear window plus a lot of extras like carbs generators starters trans parts ect.. its a carolina truck and i am the 2nd owner, good title and odometer shows 38k.
thanks for the help!
Logistics Pro
Joined: Jun 2010
Posts: 4,965
Likes: 261
From: East KY
I agree with Vern. Pictures are everything. But the general recent consensus is that the economy is way down and the prices are down with it. Secondly, location is a big factor, but the internet and shipping options have helped shorten that gap.
Shane
Shane
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Junior User
Joined: Aug 2005
Posts: 56
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From: Cherryville, NC
that was pics of an old project. i will post some of this one sometime today. i should have known better about the pics i have been using this site for quite awhile now, just dont have to post a lot cause there is so much good info already archived if you know how to search for it.
Freshman User
Joined: Aug 2010
Posts: 48
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From: Near Madison, WI
I can't answer the dollar price but I can tell you how I would look at it if I were in the market to buy it.
Nice low mileage well documented rust -free truck is a big plus. Most of the hard work is done is a plus.
So,
I'd start with an estimate of it's value when completed. I honestly don't kniow what it is wrth finished without more info. Concourse, modifications etc. but lets just say $30K for fun.
Subtract $$$ est. for the extra motor I don't want.
Subtract $$$ estimate of parts still needed to complete the truck to $30K value.
Subtract paint of $$$ est
Subtract outside labor $$$ to complete project.
Subtract $$$ for my labor to complete project.
After due diligence including some more formal estimates, I'd come up with a fair value as to what the project is worth.
What do you have in to it?
Totally shooting from my hip I'd guess you'll do no better than the $8-12K range as it sits. Again, without pics and personal inspection I'm guessing.
The main point is this: I'd also guess if you really hunkered down, finished the truck your self and sold your extra motor separately, you'd come out many thousands ahead.
Spectacular potential and someone is gonna get a sweet truck out of this. You should benefit the most, IMO.
Fred
Nice low mileage well documented rust -free truck is a big plus. Most of the hard work is done is a plus.
So,
I'd start with an estimate of it's value when completed. I honestly don't kniow what it is wrth finished without more info. Concourse, modifications etc. but lets just say $30K for fun.
Subtract $$$ est. for the extra motor I don't want.
Subtract $$$ estimate of parts still needed to complete the truck to $30K value.
Subtract paint of $$$ est
Subtract outside labor $$$ to complete project.
Subtract $$$ for my labor to complete project.
After due diligence including some more formal estimates, I'd come up with a fair value as to what the project is worth.
What do you have in to it?
Totally shooting from my hip I'd guess you'll do no better than the $8-12K range as it sits. Again, without pics and personal inspection I'm guessing.
The main point is this: I'd also guess if you really hunkered down, finished the truck your self and sold your extra motor separately, you'd come out many thousands ahead.
Spectacular potential and someone is gonna get a sweet truck out of this. You should benefit the most, IMO.
Fred
Lead Driver
Joined: Dec 2004
Posts: 7,669
Likes: 13
From: San Jose, CA
You'll get more out of the truck when it's assembled, than in parts. You don't have to make it a runner, but close enough.
Not a lot of people are willing to take up a task that someone else has started. Putting together a vehicle after it's been taken apart by someone else could be tough unless you have experience with the same type of vehicle. For example, I've deconstructed several 48-52 Ford trucks and pretty much know where every piece goes. I can buy a 48-52 project in pieces and put it together. However, I'd have a very hard time doing the same with another vehicle that I know nothing about.
I suggest that you put it together as much as you can, so at least the body is together and then try to sell it. You don't have to put every nut and bolt back in, but enough hardware to make the truck roll and not fall apart.
Not a lot of people are willing to take up a task that someone else has started. Putting together a vehicle after it's been taken apart by someone else could be tough unless you have experience with the same type of vehicle. For example, I've deconstructed several 48-52 Ford trucks and pretty much know where every piece goes. I can buy a 48-52 project in pieces and put it together. However, I'd have a very hard time doing the same with another vehicle that I know nothing about.
I suggest that you put it together as much as you can, so at least the body is together and then try to sell it. You don't have to put every nut and bolt back in, but enough hardware to make the truck roll and not fall apart.
