I want to believe... in NADA! - The 1947 - Present Chevrolet & GMC Truck Message Board Network

budman k20 · 11-16-2012, 05:26 PM

Hey everyone I just picked up a 67 SWB fleetside low mileage project so I went to the NADA website to see what my truck would be worth once I completed a frame off restoration. Well I want to believe them because it should be worth about $37K! So when I list it I'm starting out at $10K below book! That should get people interested in it! How much do you think it will hurt my value if I lower it, disk brake front and put in a 350 with a car 4 speed over the 6 with 3 on the tree?

da-burb · 11-16-2012, 05:55 PM

I don't think it will decrease the value one bit. Any of those changes are bolt on and can easily be changed back to stock if someone wanted it just like the General made it. If you start chopping the roof and sectioning frames you limit your buyer to the custom guys. Good luck with the 67. Come see me when you need parts. You are about 5 miles away from me.

budman k20 · 11-16-2012, 06:28 PM

I agree that it won't hurt the value and if done like factory it may even increase the value. Just looking for what everyone else thinks about those tyes of mods/upgrades? Either way I doubt I will get $37k for it! I plan to build it with factory stuff. You're more like 15 miles away but I will have to stop by and check out your shop since truck building season has just started! How long have you been selling 67-72 stuff? I use to have my shop on hwy 12 in Waverly about 15 years ago in the red building that's Moy's body shop now.

SS Tim · 11-16-2012, 07:05 PM

Probably the easiest way to end up with a $37K truck is to spend about 90K.

**Stocker** · 11-16-2012, 07:14 PM

Quote:

Originally Posted by SS Tim

Probably the easiest way to end up with a $37K truck is to spend about 90K.

Ha!! Reminds me of the saying about how to make a small fortune in racing (start with a big fortune).

SS Tim · 11-16-2012, 07:30 PM

You have that right. Racing is expensive. In the mid-nineties when I was dabbling in horse racing...

But seriously its just like a 'vette. The best way to restore a 'vette is to buy someone else's finished car. It saves time and a lot of money.

99-LS1-SS · 11-16-2012, 07:46 PM

Quote:

Originally Posted by SS Tim

Probably the easiest way to end up with a $37K truck is to spend about 90K.

This is the sad sad truth.

ChevLoRay · 11-16-2012, 07:53 PM

Andy4639 · 11-16-2012, 08:04 PM

Well as everyone has already said, yes you can make $30,000 on any vehicle but if you figure every cent and labor on it you will have double that in it when done.
I have never bought a vehicle in my life time because of the resale value.

slipkorn34 · 11-16-2012, 08:19 PM

onl way to make money from reselling is to find those cars that people practically give away because it needs a fix that has a cheap part but lots of labor time....fuel pump head gaskets etc. and da-burb im glad i noticed your sig if i ever have enough money to actually do anything to my truck im gonna have to head out your way.

**70cst** · 11-16-2012, 08:29 PM

Quote:

Originally Posted by budman k20

Hey everyone I just picked up a 67 SWB fleetside low mileage project so I went to the NADA website to see what my truck would be worth once I completed a frame off restoration. Well I want to believe them because it should be worth about $37K! So when I list it I'm starting out at $10K below book! That should get people interested in it! How much do you think it will hurt my value if I lower it, disk brake front and put in a 350 with a car 4 speed over the 6 with 3 on the tree?

Ok...
I am ready for pics

**special-K** · 11-17-2012, 09:31 AM

Their name contains what they know about vintage vehicles...NADA. I ignore their quotes on anything older*. They used to let vehicles drop off their radar as they aged and probably still should. There are far too many variables to put fixed numbers on a whole group. The closest they could come to being accurate would be to only deal with 100% original vehicles, As changes are made the field gets spread too wide and each thing done appeals to limited groups.

*Heck,ever try to use Kelly Blue Book or NADA when negotiating a late model purchase?I've heard salesmen say that's high high because of this or that's low because of that.

**Tom Vogel** · 11-17-2012, 09:45 AM

Quote:

Originally Posted by SS Tim

Probably the easiest way to end up with a $37K truck is to spend about 90K.

Wow... Truer words were never spoken

Posted via Mobile Device

GASoline71 · 11-17-2012, 10:46 AM

NADA and KBB values only exist in the make believe worlds of craigslist and ebay.

Gary

68gmsee · 11-17-2012, 11:40 AM

Re. decreasing value by making modifications>

It all depends on the buyer and the mods made. I'm an originality buyer so any vehicle that has been cut on and other mods made that change the vehicle drastically I tend to pass on.

Before making chages to a vehicle, especially if one buys to resell, think about the fact that what one person likes another may not. No two tastes are the same. I have found that by leaving the vehicles completely stock, do minor repairs to have it run good and look good is the best way to get the most out of them.

As mentioned above- I have never bought a vehicle with resale in mind so I have made changes and modifications on them myself.

budman k20 · 11-19-2012, 12:58 PM

OK here are some pictures... the seller claims the 49K miles are original and he knew the original owner's family. The truck is very straight the only rust in the bed is the front floor too bad because it is dent free. The cab needs corners and rockers otherwise very good shape. the doors are solid no rust. I have a 67 SWB wood floor box and 67 -68 SWB frame so I'm building it into a SWB.

*Mister-B* · 11-19-2012, 01:44 PM

I think the most important thing to remember, is that if you start out close to stock, and don't sway much from that, your truck really shouldn't depreciate. It should only go up in value. There aren't any new cars or trucks I know of that can say that. Will you get 30k for it one day? Probably not, but you might get to a point where even of someone offered you that much out of the blue, you wouldn't take it
Posted via Mobile Device

BigBlockNuts · 11-20-2012, 07:07 AM

Do u have a factory tilt steering column in ur truck. If not I have 1 all restored like brand new from the off the assembly line PM me or email me if interested @ ProJunker38@gmail.com names Cody an the column is install, plug in an drive its that easy!!!
Posted via Mobile Device

**special-K** · 11-20-2012, 07:34 AM

Quote:

Originally Posted by BigBlockNuts

Do u have a factory tilt steering column in ur truck. If not I have 1 all restored like brand new from the off the assembly line PM me or email me if interested @ ProJunker38@gmail.com names Cody an the column is install, plug in an drive its that easy!!!
Posted via Mobile Device

'67s didn't have tilt columns.

11-16-2012, 05:26 PM	#1
budman k20 1972 K20 Join Date: Apr 2008 Location: Greenfield MN Posts: 360	I want to believe... in NADA! Hey everyone I just picked up a 67 SWB fleetside low mileage project so I went to the NADA website to see what my truck would be worth once I completed a frame off restoration. Well I want to believe them because it should be worth about $37K! So when I list it I'm starting out at $10K below book! That should get people interested in it! How much do you think it will hurt my value if I lower it, disk brake front and put in a 350 with a car 4 speed over the 6 with 3 on the tree?

11-16-2012, 05:55 PM	#2
da-burb "Ochre Ogre" Join Date: Apr 2000 Location: Springfield, MN Posts: 3,558	Re: I want to believe... in NADA! I don't think it will decrease the value one bit. Any of those changes are bolt on and can easily be changed back to stock if someone wanted it just like the General made it. If you start chopping the roof and sectioning frames you limit your buyer to the custom guys. Good luck with the 67. Come see me when you need parts. You are about 5 miles away from me. __________________ Bowtie Truck Stop Inc. Mid-West GM Truck Restoration Parts Supplier Your Key Parts, Auto Metal Direct, Dynacorn, and Goodmark dealer. like us @ www.facebook.com/BowtieTruckStop 1971 C-10 Suburban (Ochre) 1971 K-10 Suburban (Ochre) 1972 C-10 Suburban (Ochre) 1972 K-20 Suburban (Yellow- that just aint right!) Springfield, Minnesota 56087

11-16-2012, 06:28 PM	#3
budman k20 1972 K20 Join Date: Apr 2008 Location: Greenfield MN Posts: 360	Re: I want to believe... in NADA! I agree that it won't hurt the value and if done like factory it may even increase the value. Just looking for what everyone else thinks about those tyes of mods/upgrades? Either way I doubt I will get $37k for it! I plan to build it with factory stuff. You're more like 15 miles away but I will have to stop by and check out your shop since truck building season has just started! How long have you been selling 67-72 stuff? I use to have my shop on hwy 12 in Waverly about 15 years ago in the red building that's Moy's body shop now.

11-16-2012, 07:05 PM	#4
SS Tim Registered User Join Date: Aug 2010 Location: Edwards, CA Posts: 7,503	Re: I want to believe... in NADA! Probably the easiest way to end up with a $37K truck is to spend about 90K. __________________ Thanks, Tim * VIN/Model Decoders * Power Team Charts (engine/transmission/gear ratio) * Post Your Pickup SPID Blazer SPID Suburban/Panel SPID * RTFM ... Read The Factory Manuals... download 'em here Highlanders Do you have a 1972 Plaid Pickup? Plaid Blazer ** Plaid Suburban

11-16-2012, 07:30 PM	#6
SS Tim Registered User Join Date: Aug 2010 Location: Edwards, CA Posts: 7,503	Re: I want to believe... in NADA! You have that right. Racing is expensive. In the mid-nineties when I was dabbling in horse racing... But seriously its just like a 'vette. The best way to restore a 'vette is to buy someone else's finished car. It saves time and a lot of money. __________________ Thanks, Tim * VIN/Model Decoders * Power Team Charts (engine/transmission/gear ratio) * Post Your Pickup SPID Blazer SPID Suburban/Panel SPID * RTFM ... Read The Factory Manuals... download 'em here Highlanders Do you have a 1972 Plaid Pickup? Plaid Blazer ** Plaid Suburban

11-16-2012, 07:53 PM	#8
ChevLoRay Old Skool Club Join Date: Jun 2001 Location: Benton, AR "The Heart of Arkansas" Posts: 10,880	Re: I want to believe... in NADA! __________________ Member Nr. 2770 '96 GMC Sportside; 4.3/SLT - Daily driven....constantly needs washed. '69 C-10 SWB; 350/TH400 - in limbo The older I get, the better I was.

11-16-2012, 08:04 PM	#9
Andy4639 Old member Join Date: Jan 2002 Location: Liberty, & Garden City S.C. , U.S. Posts: 19,945	Re: I want to believe... in NADA! Well as everyone has already said, yes you can make $30,000 on any vehicle but if you figure every cent and labor on it you will have double that in it when done. I have never bought a vehicle in my life time because of the resale value. __________________ 1971 LWB Custom, 6.0LS & 4L80E, Speedhut.com GPS speedometer & gauges with A/C. 20" Boss 338's Grey wheels 4 wheel disc brakes. My Driver Seeing the USA in a 71 Upstate SC GM Truck Club 2013,14 and 2016 Hot Rod Pour Tour http://upstategmtrucks.com/ Get out and drive the truck this summer and have some fun! It sucks not being able to hear! LWB trucks rule, if you don't think so measure your SWB! After talking to tech support at Air Lift I have found out that the kit I need is 60811. Per the measurements I gave them. Ride height of truck inside spring and inside diameter of springs.

11-16-2012, 08:19 PM	#10
slipkorn34 Registered User Join Date: Dec 2009 Location: Eden Prairie, MN Posts: 73	Re: I want to believe... in NADA! onl way to make money from reselling is to find those cars that people practically give away because it needs a fix that has a cheap part but lots of labor time....fuel pump head gaskets etc. and da-burb im glad i noticed your sig if i ever have enough money to actually do anything to my truck im gonna have to head out your way. __________________ 1969 mercury cougar XR-7 - sold 1978 Chevy C-10 Scottsdale - sold 1996 chevy k1500 - sold 1970 mercury monterey - sold 1971 chevy c10 4 speed 4x4 - dd

11-17-2012, 09:31 AM	#12
special-K Special Order Join Date: Nov 2004 Location: Mt Airy, MD Posts: 85,851	Re: I want to believe... in NADA! Their name contains what they know about vintage vehicles...NADA. I ignore their quotes on anything older. They used to let vehicles drop off their radar as they aged and probably still should. There are far too many variables to put fixed numbers on a whole group. The closest they could come to being accurate would be to only deal with 100% original vehicles, As changes are made the field gets spread too wide and each thing done appeals to limited groups. Heck,ever try to use Kelly Blue Book or NADA when negotiating a late model purchase?I've heard salesmen say that's high high because of this or that's low because of that. __________________ "BUILDING A BETTER WAY TO SERVE THE USA"......67/72......"The New Breed" GMC '67 C1500 Wideside Super Custom SWB: 327/M22/3.42 posi.........."The '67" (project) GMC '72 K2500 Wideside Sierra Custom Camper: 350/TH350/4.10 Power-Lok..."The '72" (rolling) Tim "Don't call me a redneck. I'm a rough cut country gentleman" R.I.P. ~ East Side Low Life ~ El Jay ~ 72BLUZ ~ Fasteddie69 ~ Ron586 ~ 67ChevyRedneck ~ Grumpy Old Man ~

11-17-2012, 11:40 AM	#15
68gmsee Active Member Join Date: Jul 2007 Location: Centrally located between Houston, Austin and Waco. BCS area. Posts: 7,947	Re: I want to believe... in NADA! Re. decreasing value by making modifications> It all depends on the buyer and the mods made. I'm an originality buyer so any vehicle that has been cut on and other mods made that change the vehicle drastically I tend to pass on. Before making chages to a vehicle, especially if one buys to resell, think about the fact that what one person likes another may not. No two tastes are the same. I have found that by leaving the vehicles completely stock, do minor repairs to have it run good and look good is the best way to get the most out of them. As mentioned above- I have never bought a vehicle with resale in mind so I have made changes and modifications on them myself. __________________ 68 GMC 250/3 speed Saginaw p/b p/s 69 Chevy 350/350 currently in pieces still lookin for a cab 06 Trailblazer I just want a vehicle that I can work on, that won't talk to me, leave error msgs or keep track of how I drive...

11-19-2012, 12:58 PM	#16
budman k20 1972 K20 Join Date: Apr 2008 Location: Greenfield MN Posts: 360	Re: I want to believe... in NADA! OK here are some pictures... the seller claims the 49K miles are original and he knew the original owner's family. The truck is very straight the only rust in the bed is the front floor too bad because it is dent free. The cab needs corners and rockers otherwise very good shape. the doors are solid no rust. I have a 67 SWB wood floor box and 67 -68 SWB frame so I'm building it into a SWB. Attached Images

11-19-2012, 01:44 PM	#17
Mister-B Account Suspended Join Date: Oct 2012 Location: Salt Lake City, Utah Posts: 3,331	Re: I want to believe... in NADA! I think the most important thing to remember, is that if you start out close to stock, and don't sway much from that, your truck really shouldn't depreciate. It should only go up in value. There aren't any new cars or trucks I know of that can say that. Will you get 30k for it one day? Probably not, but you might get to a point where even of someone offered you that much out of the blue, you wouldn't take it Posted via Mobile Device

11-20-2012, 07:07 AM	#18
BigBlockNuts Registered User Join Date: Mar 2011 Location: Fullerton CA Posts: 1,176	Re: I want to believe... in NADA! Do u have a factory tilt steering column in ur truck. If not I have 1 all restored like brand new from the off the assembly line PM me or email me if interested @ ProJunker38@gmail.com names Cody an the column is install, plug in an drive its that easy!!! Posted via Mobile Device



Register or Log In To remove these advertisements.

Register or Log In To remove these advertisements.