Found a truck, having a tough time with the value

[jbarnett21]

Truck is a 71 custom 10 50,000 miles, Lwb, 350, original gold on white, non ac
Been sitting in the garage for 20 yrs. truck is solid no rust in floor, rockers, cab corners or drip rails, couple bubbles on bottom door is only place I can find.

What is a fair price , what would u guys offer if u were me

[Syndrome]

What are they asking?

[oklalawnboy]

What did you say that address was..... HAHAHA If I was in the market for one and it is as nice as you make it sound, I would expect to pay 5,000.

[jbarnett21]

The guy inherited it through from his father in law, it's never been for sale but has never been driven either. I talked to him for sometime hoping to get a ballpark figure. He says he doesn't know what it's worth but. I was gonna throw out 5000, I think that's a fair price, the engine may or may not be work, and the rest of the drive train could be good but who knows. All I know is it's a rust free cab and it's never had any body work or paint.

He did say that for the right price he'd consider it. I'm just wondering if the family talk and Barrett Jackson has got him thinking 10,000 or more. In which my 5000 would come off as an insult.

[Mister-B]

Originally Posted by jbarnett21

The guy inherited it through from his father in law, it's never been for sale but has never been driven either. I talked to him for sometime hoping to get a ballpark figure. He says he doesn't know what it's worth but. I was gonna throw out 5000, I think that's a fair price, the engine may or may not be work, and the rest of the drive train could be good but who knows. All I know is it's a rust free cab and it's never had any body work or paint.

He did say that for the right price he'd consider it. I'm just wondering if the family talk and Barrett Jackson has got him thinking 10,000 or more. In which my 5000 would come off as an insult.

If you think 5k is fair, you better offer $4,200-$4,500 so you have some room to come up. I'd print off some craigslist and eBay auctions that sold, of similar condition trucks that sold for about that amount and show them to the guy before making the offer

[GoaterAz]

I wouldn't think $5,000 would be insulting. Although, rust free trucks are probably hard to come by in your area...I know longbed's in here in Arizona aren't worth much.

Also keep in mind, he inherited it...he has nothing invested in it compared to the guy with $9,000 worth of receipts.

More importantly, do research on the comparable trucks in your area to help give you a range of it's true market value. You don't want to get it home and later learn that you overpaid for it.

[67swb72klb]

just keep in mind if it hasen't been drove in 20 years it will need all the mechanicals looked at if not replaced good luck and get some pics up

[mud.man.rj]

All you can do is try an offer and see what happens, info examples help as mentioned though. Good luck, let us know how it goes.

[mgchevyparts]

All good advice. Around here, trucks go higher then in other states, but a longbed isn't real high on the list. I'd say $4000-$5000max.

[cdowns]

if they can not price thier own stuff i'd start by offering $500

[Lees68GMC]

The Goater's Right, my buddy here in Arizona just sold his nicely restored 69 long bed for $3500.00.

I paid $4000.00 for my 68 SWB GMC because I knew the original owners, local truck, never left Arizona

When buying an Old Truck "Value" is relative to What Factors mean anything to YOU and whether the Seller actually thinks he's selling Gold Bullion or just another Old Truck.

Ramblings of an Old Fart, Pre-Coffee.

[faribran]

an older, smarter fellow once told me.... when he goes to buy something he tells the seller
"this is your truck, i never try to put a value on your belongings, i will let you do that"

you never know... they may throw out a lower price than you are expecting.. and you are in a better position to negotiate.

[Cordless57]

I just paid $4900 for a '70 longbed CST with chrome everywhere, flawless interior, 118,000 miles. Very minor body damage and rusty rockers. It has the original paint in great shape (hugger orange between white). I feel it's a fair price even with a noisy valve tappet. I am paying for originality and I plan to keep it as original as possible--even the on-the-cab airhorns and marker lights.

So $5K is probably reasonable--a lower price would also be reasonable. Not much higher though.

Photos welcome.

[slikside]

If you don't even know that it runs, I would NOT start by offering 5k. It is a simple, reasonable question from a buyer. If the answer is not known, use it to your advantage.

[sstone69]

Listen to cdowns - start low. You won't offend anyone except yourself when you realize you paid too much.

[Mister-B]

Originally Posted by faribran

an older, smarter fellow once told me.... when he goes to buy something he tells the seller
"this is your truck, i never try to put a value on your belongings, i will let you do that"

you never know... they may throw out a lower price than you are expecting.. and you are in a better position to negotiate.

You know, that's actually really good advice. If you've ever watched Pawn Stars, that's how those guys at the pawn shop try to get as much as possible. It's a starting point, and if the seller doesn't know what they've got and they throw a low number out, you win. If their number is too high, you can haggle. If they won't come down, just walk

[weasel29gm]

Don't insult with a to low price , let him price it.

[leddzepp]

Originally Posted by cdowns

if they can not price thier own stuff i'd start by offering $500

This^

[Already Gone]

Start low cause you can always go up but never down. Maybe the seller is thinking 4000 and if you offer 5000 he/she may think its worth more than 5000 because most people low ball when they offer on a vehicle. Years ago I lost a 70 GTX that I really wanted because I was willing to pay the asking price. If I had started a 1000.00 below asking and did some habggling I probably could have bought it for 500.00 below the asking price.

[72bowtiestepper]

Originally Posted by faribran

an older, smarter fellow once told me.... when he goes to buy something he tells the seller
"this is your truck, i never try to put a value on your belongings, i will let you do that"

you never know... they may throw out a lower price than you are expecting.. and you are in a better position to negotiate.

That is GREAT advise......if they put out some insane high price , just walk away.....you can always find another one out there !