WooHoo
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Fleet Mechanic
Joined: Oct 2007
Posts: 1,983
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WooHoo
After some conversation with the misses we made the commitment today.
A local shop is going to do paint and bodywork on our 66 LB for $6,500. That includes removing the bed to paint behind the cab and a color change from Rangoon Red/Wimbledon White to Arcadian Blue/Wimbledon White.
I spoke with Carolina Classics today and they should have new CC moldings in about 90 days.
Im ordering a 64 core support and Im going to drop it off at a shop with my rusty 66 support and have them figure out how to make it work. Ive put way to many hours into looking for a good 66 support. They are few and far between right now.
As soon as I replace the core support Im dropping the truck off for paint. He says 90 days for the job.
How heavy is the styleside long bed?
I would like to pull the bed before I drop it off and POR15 the underside. Im wondering if me and a couple guys can turn it over without crushing it.
A local shop is going to do paint and bodywork on our 66 LB for $6,500. That includes removing the bed to paint behind the cab and a color change from Rangoon Red/Wimbledon White to Arcadian Blue/Wimbledon White.
I spoke with Carolina Classics today and they should have new CC moldings in about 90 days.
Im ordering a 64 core support and Im going to drop it off at a shop with my rusty 66 support and have them figure out how to make it work. Ive put way to many hours into looking for a good 66 support. They are few and far between right now.
As soon as I replace the core support Im dropping the truck off for paint. He says 90 days for the job.
How heavy is the styleside long bed?
I would like to pull the bed before I drop it off and POR15 the underside. Im wondering if me and a couple guys can turn it over without crushing it.
Mountain Pass
Joined: Dec 2013
Posts: 146
Likes: 21
From: Ms.
I think $6500.00 is a good deal on a pro paint job with a color change. If this truck will be a keeper I would make sure that the shop seals the bare metal with a good epoxy primer. Shops sometime make shortcuts unless you specify what materials you want used.
I have tried contacting C.C. several times about their 65-66 trim. How did you get ahold of them? Call or email?
Jason
I have tried contacting C.C. several times about their 65-66 trim. How did you get ahold of them? Call or email?
Jason
Fleet Owner
Joined: Jun 1999
Posts: 24,552
Likes: 74
From: Creedmoor, North Carolina
I think $6500.00 is a good deal on a pro paint job with a color change. If this truck will be a keeper I would make sure that the shop seals the bare metal with a good epoxy primer. Shops sometime make shortcuts unless you specify what materials you want used.
I have tried contacting C.C. several times about their 65-66 trim. How did you get ahold of them? Call or email?
Jason
I have tried contacting C.C. several times about their 65-66 trim. How did you get ahold of them? Call or email?
Jason
John
Elder User
Joined: Dec 2010
Posts: 562
Likes: 1
From: Texas
It took four of us....one on each corner. I think with three, we would've hurt ourselves (and the bed).
Fleet Owner
Joined: Jun 1999
Posts: 24,552
Likes: 74
From: Creedmoor, North Carolina
John
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Fleet Mechanic
Joined: Oct 2007
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Im having a tough time with this project.
I figure $6500 for the paint and body work, or more if he finds Swiss cheese anywhere.
Another $3500 for CC side moldings, grill, bumpers, windshield, and all the other misc exterior trim.
Another $2500 for the interior.
That's $12500 + the $3500 I paid for the truck and I have not touched the engine or tranny.
I see lots of nice 65/66 F100s that have an asking price of 15-20k, and they end up selling for 10-11k.
Is it worth spending 20k on this truck when I know that I will be lucky to get 1/2 back when its time to sell?
As a comparison, Ive owned a few 65-67 Mustangs and I usually get 75-85% back what I spend on them.
I figure $6500 for the paint and body work, or more if he finds Swiss cheese anywhere.
Another $3500 for CC side moldings, grill, bumpers, windshield, and all the other misc exterior trim.
Another $2500 for the interior.
That's $12500 + the $3500 I paid for the truck and I have not touched the engine or tranny.
I see lots of nice 65/66 F100s that have an asking price of 15-20k, and they end up selling for 10-11k.
Is it worth spending 20k on this truck when I know that I will be lucky to get 1/2 back when its time to sell?
As a comparison, Ive owned a few 65-67 Mustangs and I usually get 75-85% back what I spend on them.
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Logistics Pro
Joined: Mar 2012
Posts: 4,392
Likes: 44
From: placer county usa?
Im having a tough time with this project.
I figure $6500 for the paint and body work, or more if he finds Swiss cheese anywhere.
Another $3500 for CC side moldings, grill, bumpers, windshield, and all the other misc exterior trim.
Another $2500 for the interior.
That's $12500 + the $3500 I paid for the truck and I have not touched the engine or tranny.
I see lots of nice 65/66 F100s that have an asking price of 15-20k, and they end up selling for 10-11k.
Is it worth spending 20k on this truck when I know that I will be lucky to get 1/2 back when its time to sell?
As a comparison, Ive owned a few 65-67 Mustangs and I usually get 75-85% back what I spend on them.
I figure $6500 for the paint and body work, or more if he finds Swiss cheese anywhere.
Another $3500 for CC side moldings, grill, bumpers, windshield, and all the other misc exterior trim.
Another $2500 for the interior.
That's $12500 + the $3500 I paid for the truck and I have not touched the engine or tranny.
I see lots of nice 65/66 F100s that have an asking price of 15-20k, and they end up selling for 10-11k.
Is it worth spending 20k on this truck when I know that I will be lucky to get 1/2 back when its time to sell?
As a comparison, Ive owned a few 65-67 Mustangs and I usually get 75-85% back what I spend on them.
Logistics Pro
Joined: Mar 2012
Posts: 4,392
Likes: 44
From: placer county usa?
Im having a tough time with this project.
I figure $6500 for the paint and body work, or more if he finds Swiss cheese anywhere.
Another $3500 for CC side moldings, grill, bumpers, windshield, and all the other misc exterior trim.
Another $2500 for the interior.
That's $12500 + the $3500 I paid for the truck and I have not touched the engine or tranny.
I see lots of nice 65/66 F100s that have an asking price of 15-20k, and they end up selling for 10-11k.
Is it worth spending 20k on this truck when I know that I will be lucky to get 1/2 back when its time to sell?
As a comparison, Ive owned a few 65-67 Mustangs and I usually get 75-85% back what I spend on them.
I figure $6500 for the paint and body work, or more if he finds Swiss cheese anywhere.
Another $3500 for CC side moldings, grill, bumpers, windshield, and all the other misc exterior trim.
Another $2500 for the interior.
That's $12500 + the $3500 I paid for the truck and I have not touched the engine or tranny.
I see lots of nice 65/66 F100s that have an asking price of 15-20k, and they end up selling for 10-11k.
Is it worth spending 20k on this truck when I know that I will be lucky to get 1/2 back when its time to sell?
As a comparison, Ive owned a few 65-67 Mustangs and I usually get 75-85% back what I spend on them.
Logistics Pro
Joined: Dec 2004
Posts: 4,651
Likes: 60
From: Hemet ca.
If your only doing it for resale, then you have money to burn. Bringing it back to original or close to, costs a lot as you have found out.
I have over $26,000.00 invested in my truck. That's parts and labor. And it wasn't a frame off build. (Custom work costs money)
In order to make money on these trucks you have to be able to do 90% of the work. Get most parts from wrecking yards and be able to fix and straighten moldings, grille and sheet metal. Doing it all yourself your not paying for labor. If you keep track of your time and total it up when finished, you'll have xxxx number of hours. Once you sell the truck, you'll discover your time was worth $0.10 per hour. Don't keep track of your hours.
I've been working on mine for over 10 years, it will never be for sale while I'm alive. When I pass, I'm sure my daughter will keep it, if she decides to sell it, she'll get good money for it. Not what I have invested, but good money for her.
I have over $26,000.00 invested in my truck. That's parts and labor. And it wasn't a frame off build. (Custom work costs money)
In order to make money on these trucks you have to be able to do 90% of the work. Get most parts from wrecking yards and be able to fix and straighten moldings, grille and sheet metal. Doing it all yourself your not paying for labor. If you keep track of your time and total it up when finished, you'll have xxxx number of hours. Once you sell the truck, you'll discover your time was worth $0.10 per hour. Don't keep track of your hours.
I've been working on mine for over 10 years, it will never be for sale while I'm alive. When I pass, I'm sure my daughter will keep it, if she decides to sell it, she'll get good money for it. Not what I have invested, but good money for her.
Elder User
Joined: Dec 2010
Posts: 562
Likes: 1
From: Texas
If you're looking at resale value, then yeah, you're probably gonna be in the hole....today.
If you're talking about selling it in the future, then who knows how much it'll appreciate in value.
I've done all the work on the frame-off on my 54 Ford and I still doubt that I'd get all my money back if I sold it. I won't ever sell it, but still.
I have made money on cars in this hobby by doing the following things though:
- buying someone's unfinished project at a steep discount (because they gave up on it and wanted it gone), then putting it in running/driving condition.
- buying an unmolested solid original that has been sitting and needed going through....going through it, putting it in running/driving condition
- buying a solid vehicle with a blown engine or with no engine/trans.....and sticking in a used powertrain.
I've known guys with fat wallets who've bought finished restorations and then held them for years and resold and made a lot of money, but I've never had the money to play in that league.
As far as paying commercial rates for a professional restoration....you'd better do it because you love the vehicle and want to keep it for years, because you're rarely going to get your money back.
If you're talking about selling it in the future, then who knows how much it'll appreciate in value.
I've done all the work on the frame-off on my 54 Ford and I still doubt that I'd get all my money back if I sold it. I won't ever sell it, but still.
I have made money on cars in this hobby by doing the following things though:
- buying someone's unfinished project at a steep discount (because they gave up on it and wanted it gone), then putting it in running/driving condition.
- buying an unmolested solid original that has been sitting and needed going through....going through it, putting it in running/driving condition
- buying a solid vehicle with a blown engine or with no engine/trans.....and sticking in a used powertrain.
I've known guys with fat wallets who've bought finished restorations and then held them for years and resold and made a lot of money, but I've never had the money to play in that league.
As far as paying commercial rates for a professional restoration....you'd better do it because you love the vehicle and want to keep it for years, because you're rarely going to get your money back.
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Fleet Mechanic
Joined: Oct 2007
Posts: 1,983
Likes: 106
Its not about making money, its about making a wise investment decision.
Ive got $4500 in the truck as it sits, TTL costs me $26 a year, insurance another $200 a year. I have used it as my DD for three years, so it has been a good investment.
I have $11,300 in the 65 Mustang, I can sell it for that +, another good investment.
I don't see how I can spend the money on the truck and not end up losing 1/2 my investment. The market is very small and despite what people claim, most of these trucks are stuck in the 10-11k price range as far as what they are actually selling for.
I do as much work as I can, paint and body is best left to those with the tools and skills to do it right. I can do it in my driveway, but it will look like a driveway paint job and that hurts value.
Ive got $4500 in the truck as it sits, TTL costs me $26 a year, insurance another $200 a year. I have used it as my DD for three years, so it has been a good investment.
I have $11,300 in the 65 Mustang, I can sell it for that +, another good investment.
I don't see how I can spend the money on the truck and not end up losing 1/2 my investment. The market is very small and despite what people claim, most of these trucks are stuck in the 10-11k price range as far as what they are actually selling for.
I do as much work as I can, paint and body is best left to those with the tools and skills to do it right. I can do it in my driveway, but it will look like a driveway paint job and that hurts value.
Thread Starter
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Fleet Mechanic
Joined: Oct 2007
Posts: 1,983
Likes: 106
Ive also been watching ebay pretty close.
The same trucks have been for sale for months. No one bids or they don't meet the reserve and the seller keeps relisting them.
That's telling me that the market is soft and these trucks do not bring the money people think they should bring.
The buyer sets the value by what they are willing to pay, not the seller by the asking price.
Im trying to be realistic and not let emotion dictate how much I spend on the truck.
The same trucks have been for sale for months. No one bids or they don't meet the reserve and the seller keeps relisting them.
That's telling me that the market is soft and these trucks do not bring the money people think they should bring.
The buyer sets the value by what they are willing to pay, not the seller by the asking price.
Im trying to be realistic and not let emotion dictate how much I spend on the truck.
Logistics Pro
Joined: Dec 2004
Posts: 4,651
Likes: 60
From: Hemet ca.
"Investment" is about making money, no matter how you slice it.
When you put "I bought my truck for $3500.00 if I put $10,000.00 into it, I might be able to sell it for $3500.00" your signature, you were pretty close to the truth.
How long are you willing to sit on your "Investment"?
Just like owning stocks, buy low sell high, right?
That's if you can afford to sit on it. If I sell the stocks I have right now at today's value, I lose money. If I sell next week, I break even. If I sell next month I make money. If I wait to long I lose everything. Or I'm mega rich. Who knows what the value of something is going to be? If we knew that we'd all be rich.
When it comes to these trucks, depends on how much someone is willing to buy it for.
In the mean time fix them up to enjoy. Don't do things to it that will attract only limited buyers. (ugly flames, pink paint job or accessories beyond visual capacity) do it tastefully and your investment may payoff in the future.
Bottom line, fix it up to enjoy.
When you put "I bought my truck for $3500.00 if I put $10,000.00 into it, I might be able to sell it for $3500.00" your signature, you were pretty close to the truth.
How long are you willing to sit on your "Investment"?
Just like owning stocks, buy low sell high, right?
That's if you can afford to sit on it. If I sell the stocks I have right now at today's value, I lose money. If I sell next week, I break even. If I sell next month I make money. If I wait to long I lose everything. Or I'm mega rich. Who knows what the value of something is going to be? If we knew that we'd all be rich.
When it comes to these trucks, depends on how much someone is willing to buy it for.
In the mean time fix them up to enjoy. Don't do things to it that will attract only limited buyers. (ugly flames, pink paint job or accessories beyond visual capacity) do it tastefully and your investment may payoff in the future.
Bottom line, fix it up to enjoy.