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I most certainly think so. There is a point at which we all need to forget the god almighty blue book. The paint job alone is worth $10, 000-$12,000. The underside looks like it's been repainted and restored too. Throw in at least a few thou more. No doubt all the chrome work is new as well as the interior. The lift looks like it was done right. It's got new wheels and tires as well. For all intents and purposes, this is a brand new truck...a very cool one, and for half the price of new.
True. Personally I would get some monster fender flares
I'll get off my soapbox now.
Agreed. My buddy, another Ranger owner keeps on flipping his sorry ass old crap, making a thou or more every time. It's hardly worth the time or the trouble. But still there's something to all of this. New cars and trucks (especially) cost a fortune.I somewhat agree. That truck selling isn't the problem though, the problem is how it afects the ones sold after.
Cornpop is going to see that a 1990 Ranger just sold for almost $30k. He's going to proceed to ignore the fact that truck had all this work done to it, and is going to decide that he can list the one that's been sitting under a pine tree in his back yard for the last 10 years for 15k. DLBMB, IKWIG.
That in itself wouldn't be a problem either, the market will tell him how stupid he's being and it will never sell. Right? Nope, someone will eventually pay him 10k for it, because they think they can turn around and drop 10k into a "restoration". Then put it in an auction for 35-40k given that it is low mileage with only 5k miles on the odometer, and use this truck as basis for evaluation. Then some idiot will run the bidding up to 50k because they have more money (or credit) than sense. The cycle repeats.
It's a vicious cycle that makes classics unaffordable for everyone. It sucks. My 68 Ford could really stand to have a full donor body due to rust. Can't afford to buy a full donor because of all the auctions running values up so high. People sitting at home that bought the truck 20+ years ago for $500 to use as a beater, now want 10k because they're selling for 50-100k (or more) at auction. Bro, truck isn't running and has barely any usable parts beyond the sheetmetal. Nope, they're going to keep doing it and eventually the only older vehicles like this that will be left will be sitting in overvalued "collections" somewhere.
FWIW I wouldn't sell my 68 for what I think it's worth either. As a running driving example I've got it valued at 5k for insurance purposes. Due to sentimental reasons I wouldn't sell it for 10k, or 100k. It'd probably take a few hundred thousand for someone to purchase it from me in curent (rust bucket) condition, and even that would wouldn't be an easy sell. However if I saw where I couldn't keep it, I'd let it go to the right family members for little or nothing, possibly even giving it to them. IMO, someone that's valuing it high for sentimental reasons it's going to be sending it across an auction block.
Not bad! Then again, they know that they can sell it for more.
They'll probably ask what I paid for it 6 years ago.
Its a very annoying double edged sword.I somewhat agree. That truck selling isn't the problem though, the problem is how it afects the ones sold after.
Cornpop is going to see that a 1990 Ranger just sold for almost $30k. He's going to proceed to ignore the fact that truck had all this work done to it, and is going to decide that he can list the one that's been sitting under a pine tree in his back yard for the last 10 years for 15k. DLBMB, IKWIG.
That in itself wouldn't be a problem either, the market will tell him how stupid he's being and it will never sell. Right? Nope, someone will eventually pay him 10k for it, because they think they can turn around and drop 10k into a "restoration". Then put it in an auction for 35-40k given that it is low mileage with only 5k miles on the odometer, and use this truck as basis for evaluation. Then some idiot will run the bidding up to 50k because they have more money (or credit) than sense. The cycle repeats.
It's a vicious cycle that makes classics unaffordable for everyone. It sucks. My 68 Ford could really stand to have a full donor body due to rust. Can't afford to buy a full donor because of all the auctions running values up so high. People sitting at home that bought the truck 20+ years ago for $500 to use as a beater, now want 10k because they're selling for 50-100k (or more) at auction. Bro, truck isn't running and has barely any usable parts beyond the sheetmetal. Nope, they're going to keep doing it and eventually the only older vehicles like this that will be left will be sitting in overvalued "collections" somewhere.
FWIW I wouldn't sell my 68 for what I think it's worth either. As a running driving example I've got it valued at 5k for insurance purposes. Due to sentimental reasons I wouldn't sell it for 10k, or 100k. It'd probably take a few hundred thousand for someone to purchase it from me in curent (rust bucket) condition, and even that would wouldn't be an easy sell. However if I saw where I couldn't keep it, I'd let it go to the right family members for little or nothing, possibly even giving it to them. IMO, someone that's valuing it high for sentimental reasons it's going to be sending it across an auction block.
I tend to agree. The photo that started this thread is probably a show truck. It looks it anyway. But then again, very few of us want that.
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