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-   -   Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension (https://67-72chevytrucks.com/vboard/showthread.php?t=571569)

Moodyj 03-20-2013 12:59 PM

Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Hi all,

I am interested in purchasing a local 1966 Chevy C-10 but not sure if what I am interested in paying for it is too much.

My goal is to buy this not as an investment but as truck to drive for a year or so and then turn around and pass it along with the goal of breaking even or making some money.

I know its tough with not seeing it in person and hearing it but I hope these visuals will help with the description of what has been done.

I think the truck has a pop wow factor, it is a very different truck around this area (Raleigh, NC.)

The Good:

350 with mild cam, Edelbrock Performer Intake and Edelbrock Carb
4speed on the floor
Rear end 12 bolt posi w/ 3:42 gears - brand new
Front disc brakes with 2.5 drop spindles
Cab and bed taken off so frame is sanded and painted (not powdercoated)
Power brakes
Power steering
Aluminum radiator
electric fan
Retro looking radio but modern with AUX out and speakers in kick panels
All new front suspension
New hurst 4 speed shifter
New American racing wheels with new tires
New exhaust
Drop springs in rear
New lowering shocks
New track arm, triangulated rear arms
Gas tank in rear, filler in bed
All new door handles inside and out
All new side chrome new
New grill
New style headlight
New bumpers
Recovered seat
New gauges
New carpet new seatbelts

The Not So Good:

No A/C
Some rust on rear wheel wells in bed (photos)
some surface rust in corners in bed (photos)
inside the cab there are paint runs on roof

http://www.flickr.com/photos/jonmood...7633041103373/

http://farm9.staticflickr.com/8233/8...59ffdf73_z.jpg
http://farm9.staticflickr.com/8526/8...1d715781_z.jpg
http://farm9.staticflickr.com/8225/8...0ff49377_z.jpg
http://farm9.staticflickr.com/8519/8...0dd538d2_z.jpg
http://farm9.staticflickr.com/8085/8...997a0e3d_z.jpg
http://farm9.staticflickr.com/8104/8...04d94304_z.jpg
http://farm9.staticflickr.com/8237/8...f982479e_z.jpg
http://farm9.staticflickr.com/8095/8...7841a302_z.jpg

He says he has about $22k into it (he bought it somewhat done and then worked with a local shop to finish it.)

Moodyj 03-20-2013 01:09 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Video of it idling.


Moodyj 03-20-2013 05:21 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
I should also update that the photos taken were before the mechanical fan was switched to an electric fan. That made a very big difference in performance on the motor, free'd up a lot of weight being spun by the motor.

tincan1966 03-20-2013 05:23 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
It apparently had a big block in a previous life ? (the photo with no bed)

blazins10 03-20-2013 05:27 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
i dont see where the 22k was spent?
Posted via Mobile Device

tinydb84 03-20-2013 05:37 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Id pay 6-7k.
Posted via Mobile Device

Moodyj 03-20-2013 05:42 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
i believe the motor in that photo with no bed was a temporary one, it did not end up in it.

Some of the money on his part was from buying the truck half done to begin with and there are receipts for all the work for the new parts.

thank you tinydb84 for input.

open to more thoughts.

Blue_Aura 03-20-2013 05:43 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by tinydb84 (Post 5959861)
Id pay 6-7k.
Posted via Mobile Device

Wow, in my neck of the woods, that would fetch a lot more than that! I am hoping to sell mine for $6k -$7k and mine isn't as nice as that one. Either I'm going to lose some money or not be able to sell it soon enough.

Here, I would pay about $8k to $10k for that.
Posted via Mobile Device

Moodyj 03-20-2013 05:43 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
I re-read what I wrote and I can't change it. the cab and front end were taken off and fresh painted and the frame was cleaned, sanded, primed, and painted.

Also all new brake lines were run and hoses.

Moodyj 03-20-2013 05:45 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
thank you Blue_Aura as well for input.

Honestly I was thinking about offering him $17k with a max price of $19k. But maybe I should be slapped silly ;)

I have price comped some trucks in this area and ones that look half done, rust showing, motor barely runs and is a straight six or small v8 are going for $12k. Some with great drivetrain and rough body work are going for $8k-$10k.

To me this truck is buy it and go straight to car show. The only place with rust are the parts of the bed I showed in the pictures.

Blue_Aura 03-20-2013 05:49 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by tinydb84 (Post 5959861)
Id pay 6-7k.
Posted via Mobile Device

Oops, you ARE in my neck of the woods! Lol.
Posted via Mobile Device

Moodyj 03-20-2013 05:49 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
I really wish I could edit the original post:

I also did test drive it and it runs very smooth, handles bumps as good as my 2007 F150. all the bushings and body mounts being replaced and with the front suspension having a big sway bar it corners very well as well.

Moodyj 03-20-2013 05:54 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by blazins10 (Post 5959844)
i dont see where the 22k was spent?
Posted via Mobile Device

Can you elaborate more? What do you think was missing in the work done? almost every inch was gone over (the bed was done quickly to save money I believe but by the previous person the current owner bought it from)

tinydb84 03-20-2013 06:32 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by Blue_Aura (Post 5959890)
Oops, you ARE in my neck of the woods! Lol.
Posted via Mobile Device

hahaha I just noticed that! Maybe I am cheap but I have seen a few in similiar condition around here for that price

Lugnutz65 03-20-2013 06:53 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
This photo with no bed - did you notice that the cab appears to be a big back window? I don't think it's the same cab. I'd ask for an explanation about that.


http://farm9.staticflickr.com/8095/8...7841a302_z.jpg

Moodyj 03-20-2013 06:57 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by Lugnutz65 (Post 5960008)
This photo with no bed - did you notice that the cab appears to be a big back window? I don't think it's the same cab. I'd ask for an explanation about that.

Thank you Lugnutz, I do know that the shop that is local is working on multiple trucks at the same time for this same person. I think you are indeed correct and the rear window is different and so this must be a different cab. I apologize for that mixup, but from speaking with the shop that did the work I am sure it is just a mixup.

ACK 03-20-2013 07:35 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
How much money they put into the truck isn't part of the equation. It's really nice looking, but you don't want buyers remorse after you hand over the cash. I found this one just cruising Craigs List, might help put it into perspective: http://atlanta.craigslist.org/nat/cto/3692055480.html. And it's a big back window.

Moodyj 03-20-2013 07:53 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Thank you ACK that is a nice find. It doesn't have a complete AC, original suspension and ride height, no sway bar, less expensive wheels and tires and then there is this comment that worries me:
The truck shines up well and looks good from a few feet, but the paint is showing its age and some poor prep work. There is some clear coat peeling, and some cracked paint. The truck gets huge positive attention as is, and all the metal appears to be rock solid, so you can drive and enjoy the truck as is or spend a little time bringing the paintwork up a notch.

But the big window is nice
Posted via Mobile Device

Clyde65 03-20-2013 08:11 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Verify the VIN on the cab AND the frame before you go any further. I the cab has been changed I would look into both VIN's before I offer anything
Posted via Mobile Device

Moodyj 03-20-2013 08:20 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by Clyde65 (Post 5960153)
Verify the VIN on the cab AND the frame before you go any further. I the cab has been changed I would look into both VIN's before I offer anything
Posted via Mobile Device

Good call Clyde, I did look and the two match up. but the truck is definitely not an original restoration with a different engine, updated suspension, updated interior dash and steering wheel and gearing swapped to 3:42 with 12 bolt posi rear etc.,

Blue_Aura 03-20-2013 08:22 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by ACK (Post 5960071)
How much money they put into the truck isn't part of the equation. It's really nice looking, but you don't want buyers remorse after you hand over the cash. I found this one just cruising Craigs List, might help put it into perspective: http://atlanta.craigslist.org/nat/cto/3692055480.html. And it's a big back window.

Nice.
Posted via Mobile Device

414banger 03-20-2013 09:03 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
I see one thing wrong with this whole thread you wanted an estimate but eveytime some body tells you what its worth you almost say they are crazy lol you asked for peoples thouggts you should atleast listen to them that being said i would give a maximum 15000 on it and no more but if you want to spend big money i will gladly sell you mine
Posted via Mobile Device

blazins10 03-20-2013 09:06 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
also in the one picture it has a chrome booster/master cylinder combo ,and the small block pic its zinc and rust ,
im 10k in a frame off restomod including buying the truck (63 swb bbw v8 auto ac truck)
new everything , powdercoated frame and all suspension and pro paint , air bags , 22/24 combo full interior ,
i just dont see 22k , i think for 20k u can find alot more truck , those arent expensive wheels either or are the nexan tires
but its a cool truck just dont overpay
just my 2 cents man , good luck , needs to be about 6 inches lower lol

Moodyj 03-20-2013 09:34 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by 414banger (Post 5960292)
I see one thing wrong with this whole thread you wanted an estimate but eveytime some body tells you what its worth you almost say they are crazy lol you asked for peoples thouggts you should atleast listen to them that being said i would give a maximum 15000 on it and no more but if you want to spend big money i will gladly sell you mine
Posted via Mobile Device

I am sorry you feel that way, I thought I was being open. I also was trying to be fair in my description and include all information, good or bad.

I am okay with walking away from this one and finding something else.

No matter what you may think I really do appreciate the input and the reasons why so I can learn more about these trucks.

I do have experience buying and selling vehicles, just not as much with classic vehicles and custom vehicles.

SFTorange 03-20-2013 09:58 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
These things are so tough to call. When you're doing a frame-off restoration on a truck, things add up fast. It is very easy to hit 20k without really blinking, and that's doing a ton of your own work. Depending on what you start with, paint alone can hit 10K if you want it to be a nice job.

I'm shocked to see anyone say that they're doing a full frame-off with pro paint, etc. for $10k. They must be getting some screaming deals out there. When labor is in the picture, the final bill can make your head spin. I paid just shy of 8k for body work and paint (full frame-off), and I know I got a good deal from a very fair painter/body man. Heck, I had well over 1k in sandblasting and powdercoating.

All of this being said, any discussion of rust on a truck they're asking 20k for is pretty alarming. A lot can hide underneath a paint job, so a truck that looks and runs nice can have some nasty secrets. For that price, it should be in very, very good condition.

If they had a shop do a lot of the work, I can see how they had at least that much money in it. However, one rarely gets their money back on such a venture. You should be getting a pretty significant discount over what they have in it.

Good luck with everything. Truck looks nice from here..

Reyals Bemus 03-20-2013 10:04 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
You clearly want this truck, so go ahead and buy it! :metal:

chevy69chevelle 03-20-2013 10:09 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
I would be very concerned about the fresh paint and rust showing already, IMO i think he's hiding something, I would say 6K is what it it's worth only because of the mods he put into it.
If he wants that much and it was me, I would walk away.

blazins10 03-20-2013 11:19 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
im paid 6k for paint and body on a truck with almost no rust
and orig paint , im into the rest 4250 as of today , lookin back
i guess i did get some deals but i dont have porterbuilt stuff
just good old hot rodding swapping and dealing lol
Posted via Mobile Device

Slow Build 03-20-2013 11:19 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by Moodyj (Post 5959836)
I should also update that the photos taken were before the mechanical fan was switched to an electric fan. That made a very big difference in performance on the motor, free'd up a lot of weight being spun by the motor.

Why do I get the feeling that you already own this truck.

pestwagon 03-21-2013 01:05 AM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
I have a BBW short bed (1964) I paid $5K for and put 2K more into it (see the thread "El Palomito") I would be happy to get that truck for 15K, wouldn't pay more cause I dont like red. If I liked the color I'd pay up to $17K. Remember it probably gets 12 mpg....not a great daily driver if thats what you want....Plus it has to be a BBW for me.

19GMC66 03-21-2013 02:03 AM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
The rust in the bed would be concerning for 20k truck and the wheels kind of kill the value...10k tops only judging by the pics
Posted via Mobile Device

66C06 03-21-2013 03:52 AM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by SFTorange (Post 5960402)
These things are so tough to call. When you're doing a frame-off restoration on a truck, things add up fast. It is very easy to hit 20k without really blinking, and that's doing a ton of your own work. Depending on what you start with, paint alone can hit 10K if you want it to be a nice job.

I'm shocked to see anyone say that they're doing a full frame-off with pro paint, etc. for $10k. They must be getting some screaming deals out there. When labor is in the picture, the final bill can make your head spin. I paid just shy of 8k for body work and paint (full frame-off), and I know I got a good deal from a very fair painter/body man. Heck, I had well over 1k in sandblasting and powdercoating.

All of this being said, any discussion of rust on a truck they're asking 20k for is pretty alarming. A lot can hide underneath a paint job, so a truck that looks and runs nice can have some nasty secrets. For that price, it should be in very, very good condition.

If they had a shop do a lot of the work, I can see how they had at least that much money in it. However, one rarely gets their money back on such a venture. You should be getting a pretty significant discount over what they have in it.

Good luck with everything. Truck looks nice from here..

True that! I've already spent 16k on my truck and haven't even done the body work or prep and paint!!!

racecougar 03-21-2013 09:07 AM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
I'd expect to see it listed for ~15K around here.

Moodyj 03-21-2013 11:40 AM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by Slow Build (Post 5960610)
Why do I get the feeling that you already own this truck.

I don't own it just trying to give the whole story. that specific reference was because I was able to drive it after that change was done.

and in general, of course I want the truck. its close, I have touched it, heard it, and really think its unique. I am just trying to get unbiased opinions so I know how much I might be upside down by buying it.

Moodyj 03-21-2013 11:48 AM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by chevy69chevelle (Post 5960429)
I would be very concerned about the fresh paint and rust showing already, IMO i think he's hiding something, I would say 6K is what it it's worth only because of the mods he put into it.
If he wants that much and it was me, I would walk away.

I am concerned about the paint work on the bed, it definitely looks like it was done quickly and not prepped so bubbles and rust coming through in some places in inside corners and around wheel wells. the rest looks good on bed. But... the bed, no doubt, should be gone over. But personally I am okay with the way it is because I will use the bed (but I don't want to pay the price of a complete truck.)

The other part that looks like it was a quick job was the inside roof with the paint runs in all 4 corners. Maybe it was meant to have a headliner put in I don't know.

I am thinking the truck is safely worth $14-15k all day long. But given how close it is I am willing to pay up in the $17k range and just enjoy it. if I lose a grand in a year or two I am personally ok with it.

I will see what the owner says, he won't be happy with the offer but I have local comps to compare to and industry evaluations to show to back up what you guys are saying.

Moodyj 03-21-2013 12:55 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Update: I offered the owner $17k and he said he wanted $20k. He is a CPA, so a numbers guy and thought it was a fair offer, but he is going to put it on ebay and see what happens.

I really appreciate all the input from you guys and this forum. I am still in the hunt for a truck and will be sticking around.

Rich 5150 69 03-21-2013 01:09 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
I believe that the seller bought a truck partially done for parts, then changed out all the parts he wanted built this truck to sell, he still has another truck that he is going all out on, I know several people that do this...

racecougar 03-21-2013 01:12 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
If it truly is going up on eBay, that may work out in your favor.

tincan1966 03-21-2013 01:51 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Around here- that's a $7500 to $ 9000 truck. there's too many differences in the pictures- obviously not all of the same truck. Some earlier mentioned a put together-to-sell truck and I think they are right. there's not 22K worth of detail in this truck.
I think I'd rather have more proof of the money spent on this truck than just a pile of reciepts.
I wonder if it is being sold because he knows he's in it too deep.....

Moodyj 03-21-2013 01:54 PM

Re: Value Estimates 1966 C-10 Custom - Restomod chevy 350 updated suspension
 
Quote:

Originally Posted by Rich 5150 69 (Post 5961567)
I believe that the seller bought a truck partially done for parts, then changed out all the parts he wanted built this truck to sell, he still has another truck that he is going all out on, I know several people that do this...

so funny you say that. I did not mention that but you are right. the seller, being a numbers guy, was not very quiet about the situation and was very honest. he has two other 66 trucks being built and both of those will have high money invested in them. His wife said he has to choose and get rid of this one. He bought those other trucks without even looking at them in person and the shop that is doing the work on those has described to me how bad those trucks were as well..... fast forward.... he more than likely will lose money on those as well.


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