How much to give?

I know a guy that has a older restored/hot rodded 1936 Ford 1/2 ton. It has a 51 Merc Flathead, 39 trans, and a Columbia 2 speed rear axle, Ch***is eng drop axle. Has a lil rust starting on rockers and that's about it. Full fendered, gold in color with ugly **** slotted wheels. He priced to me. What's it worth? Just looking to buy, have a lil fun and resell later. Don't want to get upside down int it though.

Thanks,
Ty

 

Pictures man....can't figure a price from a blank screen. I'll say somewhere betewwn $2000-$20,000 till i see what you are actually dealing with.

 

Up to $17k would be retail, I spose.

 

Don't have any. Going to look at this weekend again.

 

It's in a hell of a lot better shape than this one. This one is listed for 14 sumthin.

 

start the bidding at 10k

 

I only have 1 major issue. I'd have to borrow some of the money. Not sure how they do it on a old car/truck. I have a A+ credit rating and only my house pymt. It wouldn't be a issue on affordablity, just only if the return is great enough.

 

Ooof. I would never borrow money for a hobby expense.

 

My advice is not to borrow money to buy a hot rod,,you never know what might come up and you get in a situation that you are forced to sell and you can really dig yourself a financial hole. HRP

 

your lucky to break even on these things.

 

I borrowed money to buy my 34. I don't regret it, as it got me into this when it did.

The flip side, is that it took me 2 years longer than planned to pay off the loan. 'Life' came up, and for a while, I was only making the interest payments.

I wouldn't do it again though. Cash in hand for me in the future.

 

"Just looking to buy, have a lil fun and resell later. Don't want to get upside down int it though."
Without pics hard to give a accurate appraisal, shoot low if you get it even better if you don't your not borrowed out extensively on something hard to flip.

 

Very sound advice from HRP. It's a hobby.

 

Borrow oney for everything, it is the American way and without loans the poor bankers would starve!!

On another note, the only way I ever would borrow for a "play toy" is at very low rates and if I could put at least 50% down. i always like to make sure I can sell quick and pay off the balance if something pressing pops up, even if i have to take a loss.

 

That's how i feel too. Just curios on if it was and easy flip. I have had good luck doing the 120 note things with my bank and never have gotten burned yet, but these were only 5-7000 $ deals. I'll get over there and get some pics.

 

X2 ^ The guy who "restores" the car/truck never get's all his money back.

 

This truck is now list on egay for sale:http://cgi.ebay.com/ebaymotors/Ford...pt=US_Cars_Trucks&hash=item2a3342b3e6&vxp=mtr

 

What am I missing? I would be around $4000, if it had a good ***le and I could drive it home. So where's the other $10,000?

 

'Has a little rust starting on the rockers'

 

Listen to this old man. He's not as dumb as we look!

 

$14,000 GRAND??,Holy Cow,are these tracks worth that kinda money? HRP

 

That one isn't .

 

For instance, you can't get your money back out of a wrecked hot rod.

 

Is it me? I'm not seeing 14k!

 

Definitely ain't you,,

Like P.T. Barnum was so often misquoted as being the author of, "There is a ****er born every minute",,actually it was David Hannum,,( the history will have to wait for another day )

I guess he's just looking for someone with more money than common scene. HRP

 

When i first looked at the truck, he told me 12 grand. The guy that owns it is a dang good guy, but since it's out in the open and not in the shed i agree with ya all. Not worth that kind of money for sure. I did offer him $4500 before he told me what he wanted though. I felt i was close to what i thought it's worth.

 

Yep. You were close at $4500; high but close. I like the truck but suspect the paint is holding it together.

 

Don't borrow money to buy a hot rod. I know a guy who took out a home equity loan to help buy a car. A short time later he encountered a serious medical issue and had to sell at a loss to get the loan repaid. Hot rods should be a hobby.