Wow. This guy is dreaming. If you really want it, I suggest you find a reputable appraisal service that is local to you. In fact, you might even want to spring for two appraisals. If he's convinced it's worth that, come to him with the results of "finished auctions" from ebay, and a pro appraisal or two, and see what happens. That truck is a great example of an original that's had a relatively easy (not hard) life stored outside. The vast majority had hard lives. That's why they have missing or beat to crap fenders and farmer welded straps holding them together, and grills caved in. Even so, it's a project truck. See if you can make him a deal to bargain based on an objective professional appraisal, and comparables from ebay. That might just jog him back to reality. I would say that even in this economy, if this truck doesn't have major rust issues, if it truly is complete unmolested and is a time capsule that runs drives and stops, you've essentially got a paint-by-numbers restoration and that's worth a premium. What's a premium? I'd say you should be able to walk with that truck for a maximum of $5,500. If it's got rust issues You might be talking more like $4,500 on the top end. This is NOT a common truck, and The rear fenders alone are worth $800-$1000 if they are as nice as they appear. There are quite a few 1 year only items on that truck.
You also have to take into account what the potential sentimental value of the truck will be to your grandpa. Bottom line, old trucks are not a money making enterprise. They are an expensive hobby that rarely shows a return. If you want it, go after it doing your due dilligence, with no regrets!
On they other hand, this guy might get to be buried in his truck no matter what if he won't listen to reason!
Just my two cents.
Good luck.
Last edited by cletis; 12/05/2010 1:04 AM. Reason: Language
