As you read through the
different conditions, little red flags start popping up everywhere. One of the first
questions many people ask is "I didn't see any class for Show Trucks". What's a
show truck? I have see every class truck represented as a "Show
Truck" at one time or another. If your talking about a real touring show truck,
then expect to pay what the owner has invested. These trucks go for what ever the parties
involved agree to.
Keep in mind, restoration labor
costs should not be represented in any selling price. An example would be if you were to
spend 400 hours restoring a Ford Pinto. When you were finished, you might have a fine
looking Pinto, but it wouldn't be worth any more than it's market value for it's
condition.
Next, you see in the Class 1
section the words "Professional Restoration". It refers to the type of work, not
who did the work. Amateur restorer's can do "Professional" quality work. And, in
turn, professional restorer's can and do amateur looking work at times. So, you need to
look very close at any type of restoration work claimed.
You'll also notice there's not a
class that refers to parts or stripped vehicles. Because the level of completeness can
vary greatly, no value can be set. Don't let anyone tell you a parts vehicle has a
"Book Value". There's no book value for parts.
The best way I have found to
fairly arrive at a value for a incomplete vehicle, is to subtract the replacement cost of
the incomplete parts from the Class 5 value. Sometimes, you might find that the
seller would owe you money. When this happens, you have to ask yourself if you really want
to restore the vehicle. If you only want the vehicle for parts, then your in a pure
negotiation
situation.
This guide provide listings for
Classic Trucks that are not represented in other services. If you have a newer model
trucks, check out the following pricing sources:
Kelley Blue Book -
Bluebook Values
Edmund's
Automobile Buyer's Guides
