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Eatyourfish
Congrats on your buy. I concur its at the high end of todays market value for that truck but its the attention to detail in that particular restoration that drives the high valuation.
Its also true that using BAT takes out the "regional" value expectations/ limits and exposes the vehicle to the broadest(and wealthiest) possible market- but remember you pay for that both as the seller and as the buyer.
If you don't mind my asking- what was the buyers premium on the $41K spend?
Flecker
Respectfully and with no intent to offend, I recognize you are far from complete and from listing/pricing your truck; but keep an eye on the details- bolt heads that don't appear rusty, hood to fender alignments, paint scuffs.
BAT type buyers see those minor detail misses and wonder what else(that I cant see) is not 100% perfect and adjust their bids accordingly.
Details are the difference between a $24K sell and a $40K sell.
tbruz
No offense at all man... my point was that a super clean truck in great shape is fetching far more than I thought. I own a little detail paint brush and some paint for bolt heads, have my hood and fenders aligned and just freshly painted it (no scuffs). If I am going by the Hagerty grading system, and am honest about it... my truck is/ will be a high 3++ or a low 2- I can live with that, and it should fetch the same price as above... I don't care if it's from a millenial or a boomer.
Many of the sheet metal bolts were gold cad, the fenders were painted before they were installed so they were never body color. not a big deal but if you ever adjust the fenders or anything they'll be a mess . you can get the gold cad captured washer bolts on ebay or wherever. they're not 100% correct but real close.
Many of the sheet metal bolts were gold cad, the fenders were painted before they were installed so they were never body color. not a big deal but if you ever adjust the fenders or anything they'll be a mess . you can get the gold cad captured washer bolts on ebay or wherever. they're not 100% correct but real close.
I get that the bolts were gold cad in some/ many places... but not all. For a fact the ones along the fender in the engine bay were painted the color of the truck. The original ones on mine were (had never been touched prior to me working it)... was a 74, so not sure it made a difference.
Also... beautiful work man! Pic of complete truck?
And... just to clarify, I am NOT seeing the price paid of 41k as a negative. I think it's fair market value for a vehicle approaching 50 years! It's an antique at that point and finding them restored isn't exactly super common. Mustangs aren't rare by any means either, but finding a restored to factory condition one is bringing a premium in the market these days. Why are trucks different? In fact I would say it's more rare to find a restored truck just for the fact trucks were literally HAMMERED on. Goes with the territory of any working vehicle. They weren't parked in the garage, typically ruled the jobsites and were rode hard, and put away wet. It's getting harder to find the old farm freshies that aren't just rusted to death and headed for scrap. So on that note... I see it as a positive that the old trucks are getting new life and fresh appeal. They are headed for the collectors market whether we like it or not.
I have multiple Ford's my dad bought new that have gold cad bolts on the fenders that have never been off. well they're not gold on top anymore they're silver but still gold on the bottom. I suppose like Mopar's the different factories may have different systems and there could be variations. all of my pickups were built in San Jose.
I don't know , around here old pickups are EVERYWHERE and usually rust free. and cheap. I haven't seen a a good Mustang fastback for sale locally in many years. I just don't see how the pickups can go up much more all you're really buying is the restoration. but as they say a thing is worth what someone will pay so who am I to say.
Example, rust free roller that could be bought for $3500 I'm pretty sure . if someone doesn't buy it I might and I don't need it.
I have multiple Ford's my dad bought new that have gold cad bolts on the fenders that have never been off. well they're not gold on top anymore they're silver but still gold on the bottom. I suppose like Mopar's the different factories may have different systems and there could be variations. all of my pickups were built in San Jose.
I don't know , around here old pickups are EVERYWHERE and usually rust free. and cheap. I haven't seen a a good Mustang fastback for sale locally in many years. I just don't see how the pickups can go up much more all you're really buying is the restoration. but as they say a thing is worth what someone will pay so who am I to say.
Example, rust free roller that could be bought for $3500 I'm pretty sure . if someone doesn't buy it I might and I don't need it.
I think for 4500 that truck is a STEAL. It's all there and could EASILY have a new lease on life. If I were in the immediate market for another restoration project (have to many at the moment), I'd be all over that! In fact I am looking at my restoration funds. lol.
And I think the times they are a changing... we live in unique areas that haven't seen them destroyed by rust so maybe we aren't seeing it. And to many people the ones they see in other parts of the country are just not worth attempting to save. By the time you are into it, and say NOT doing all the work yourself like some here do... it gets out of hand pretty quick price wise when you add up labor and man hours for repair, parts mark up and expediting costs... just my humble .02.
And... just to clarify, I am NOT seeing the price paid of 41k as a negative. I think it's fair market value for a vehicle approaching 50 years! It's an antique at that point and finding them restored isn't exactly super common. Mustangs aren't rare by any means either, but finding a restored to factory condition one is bringing a premium in the market these days. Why are trucks different? In fact I would say it's more rare to find a restored truck just for the fact trucks were literally HAMMERED on. Goes with the territory of any working vehicle. They weren't parked in the garage, typically ruled the jobsites and were rode hard, and put away wet. It's getting harder to find the old farm freshies that aren't just rusted to death and headed for scrap. So on that note... I see it as a positive that the old trucks are getting new life and fresh appeal. They are headed for the collectors market whether we like it or not.
I agree with these being used HARD as work trucks in their day. Unlike today where soccer moms use a 4WD 4-door pickup as a daily driver/mall crawler.
Thinking that the 4WD versions of these trucks were built in lesser numbers by Ford and worked even harder than the 2WD versions; therefore remaining 4WD versions would be harder to find/ more rare- maybe that equals more valuable today but who knows.............
I'd also guess that there are probably more buyers interested in a 2WD version than 4WD- again just a guess.
Also purchase price was actually $41K + buyers premium of $2050 = $43K
You're probably right, where the majority of the population lives they'd rather have a smooth riding pickup or a hot rod pickup that a rough riding poor handling 4x4 one. but it is a regional thing, for the most part in this part of the world a 2wd's value has about as much to do with it's parts value as anything else. few people need 4wd but everyone wants it that's just how it is.
The silver lining in it for those who want a good 2wd is they're cheap in these areas. watch craigslist and you'll find what you're after.
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