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1948 - 1956 F1, F100 & Larger F-Series Trucks Discuss the Fat Fendered and Classic Ford Trucks

F5 Value

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Old Jun 11, 2020 | 04:33 PM
  #1  
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Gotanoldtruck
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F5 Value

I returned this truck to service after several years of working on it. It is stock truck with a 12 foot flat bed on it. Everything works, and it has about 37,000 miles on it. The best way I can describe it's current condition is that it is working farm truck with a new, but average paint job. My neighbor owns a local brew pub and he has been asking me to sell it to him for sometime. I do not use the truck other than to drive around the neighborhood every once in awhile so the idea that someone would get more use out of it has some appeal. So what is a ballpark fair price for running truck that does need any work other than normal maintenance? Ignoring the time I put into it (which was fun) I have put about $4,000 into it (engine, tires, bed wood, glass, etc.) Thanks in advance for your input. I could not have done the work without the information from this forum. I have attached some pictures.



 
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Old Jun 11, 2020 | 05:06 PM
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Congratulations on your accomplishment getting your truck running well and back on the road. The unfortunate part, as you're probably aware if you've been following along at home, is that the market for the big trucks is very limited. It's my opinion that if your friend is willing to cash you out for the 4K investment you have, you'd be doing good. Has he made you any kind of offer? Do you have any idea what he's willing to pay, or what he thinks it might be worth? If he's been bugging you to sell for a while, has he made any kind of offer for it?
 
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Old Jun 11, 2020 | 11:27 PM
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We are all friends in the same garage here at FTE and when you're standing next to your buds in their garage talking about the value of a car, you never want to say "it's worthless"

With that being said as many people understand, the price of the big trucks is very hard to get above $3,500 mainly because of scarce parts, differentiation in parts from smaller trucks, they are unique and not practical for your average enthusiast, running cost is generally gonna be higher yet very rarely justified(you're not gonna use this thing as a genuine work truck to make revenue with).


Nonetheless, you are in a FANTASTIC position on two fronts: the truck seems to be in very good condition; 2) he is chasing after you.


Obviously getting what you put into it is the most ideal situation when you have an old "big truck" whose values can vary quite a lot. But you can always shoot high yet make it obvious you're trying to hear offers.
 
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Old Jun 12, 2020 | 12:47 PM
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Update on a few points

There has been no offer yet from either side. So we will negotiate one or two deals. One is an outright purchase, the other is simply allowing him to use it for a fee. I am leaning toward the latter. As to parts, the F5 is an F1 truck with dual wheel rear axle, and along bed. I have had no issue getting any parts for this truck at all.
 
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Old Jun 12, 2020 | 02:14 PM
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Originally Posted by Gotanoldtruck
There has been no offer yet from either side. So we will negotiate one or two deals. One is an outright purchase, the other is simply allowing him to use it for a fee. I am leaning toward the latter. As to parts, the F5 is an F1 truck with dual wheel rear axle, and along bed. I have had no issue getting any parts for this truck at all.
I would be very concerned about the liability of "allowing him to use it for a fee".
 
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Old Jun 12, 2020 | 02:48 PM
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Originally Posted by Gotanoldtruck
As to parts, the F5 is an F1 truck with dual wheel rear axle, and along bed. I have had no issue getting any parts for this truck at all.
Sounds like you have had good luck thus far. Try addressing your widow maker rims, big truck brake drums, big truck brake booster components, big truck steering, big truck specific tins and such are not abundant and are not made in the aftermarket realm at all...
 
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Old Jun 13, 2020 | 12:41 AM
  #7  
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Originally Posted by bmoran4
Sounds like you have had good luck thus far. Try addressing your widow maker rims, big truck brake drums, big truck brake booster components, big truck steering, big truck specific tins and such are not abundant and are not made in the aftermarket realm at all...
I was about to say, I don't think the OP has had the "pleasure" of getting a basket case medium duty old truck back roadworthy.
 
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