how about a Oklahoma,AR,MO,KS,TX,+IA GTG thread?

[Workshop]

I'd wheel it.


My buddy is restoring his dads model A. Told me a long time ago its always cheaper to by restored vs restoring it. Individual parts can get pricey quick.

I have to agree. My Cub tractor is an older restoration. Done by a young man and his Grandfather. I actually just traded for it. I'd like to get a drive pulley for the PTO, but from what I'm seeing on the internet, If they can be found, they are very expensive. Original headlights are over $100. Kind of ugly, too. I put on a pair of K.C highlights for less than half. I think they look better, too.

 

[KS Plainsman]

Yes, I'm in it for the satisfaction part of it.
With that being said, I'm also extremely cheap. I don't take anything out to have it done. I do it myself. Also, I'm terrible with a spray gun. Just can't get the hang of it.
These parts were done with Krylon rattle can.

I'm cheap too. Which is why I run all older stuff, so I can fix it. I wouldn't mess with a spray gun anymore, because that paint job looks good from where I'm sitting!

I'd wheel it.


My buddy is restoring his dads model A. Told me a long time ago its always cheaper to by restored vs restoring it. Individual parts can get pricey quick.

That's a fact! That auction proves that. Someone got a pickup with over 80k into it, for 57k and didn't lose a minute of his time doing any of the work. Vehicles can nickel and dime a man to death faster than dang near anything.

I'm not one of those guys who thinks my every waking hour is worth a certain amount, but the guy who bought that pickup, saved himself a TON of hours over 7 years, just buying the restored pickup.

 

[Workshop]

I have to wonder one aspect of that 80k spent. Was 100% of the work done on that truck truly done 100% outside?
When I ran auto parts stores occasionally I'd have someone bring a part back that was defective that they put on themselves saying they had to have a shop replace said defective part a year or two later and wanted a refund on the part and the labor. Theyd say their time was so much per hour. I'd politely say no saying they put the original part on themselves to avoid paying someone else to do it for them. They made the choice later to have the part put on by someone else. That was their choice.
Let's say this gentleman with the truck rebuilt the engine himself back to factory specs. Some of that was probably done by a machine shop, and he paid for that aspect. Should he put a price tag on the rest of the time that he put in to it? I don't think so. He was trying to save money.

 

[Workshop]

Not trying to stir the pot here.
It's just an interesting side point.

 

[KS Plainsman]

I have to wonder one aspect of that 80k spent. Was 100% of the work done on that truck truly done 100% outside?
When I ran auto parts stores occasionally I'd have someone bring a part back that was defective that they put on themselves saying they had to have a shop replace said defective part a year or two later and wanted a refund on the part and the labor. Theyd say their time was so much per hour. I'd politely say no saying they put the original part on themselves to avoid paying someone else to do it for them. They made the choice later to have the part put on by someone else. That was their choice.
Let's say this gentleman with the truck rebuilt the engine himself back to factory specs. Some of that was probably done by a machine shop, and he paid for that aspect. Should he put a price tag on the rest of the time that he put in to it? I don't think so. He was trying to save money.

When you say outside, I assume you mean by people other than himself?

I would think it would be worth something, but in this case, he didn't even make enough to cover the receipts, so he got nothing for his time either. The problem with alot of people is, they think their time is more valuable than what it is. In a situation like this pickup, I think it would be more a lump sum on the whole project, instead of part by part, cost of time.......if that makes sense.

 

[Hedgerow]

Is that one like Matt wood like?

It’s a nice one, but not what I got my mind set on.

 

[Hedgerow]

Why the 10mm over the .45? Any particular reason?

The 10mm is more violent..
Too violent for FBI agents’ delicate, feminine, hands it appears.
Bahahahahahaha!!!!!!

 

[Hedgerow]

When you say outside, I assume you mean by people other than himself?

I would think it would be worth something, but in this case, he didn't even make enough to cover the receipts, so he got nothing for his time either. The problem with alot of people is, they think their time is more valuable than what it is. In a situation like this pickup, I think it would be more a lump sum on the whole project, instead of part by part, cost of time.......if that makes sense.

That guy should consider himself lucky he even got $50,000 for it..

It’s a 25-30k rig at best..

I look at everything from a usability/ value angle. And those trucks were really lacking in some areas compared to the more modern ones. Though they are cool.. cool factor can only add a small % to the overall value.

He may be factoring his labor hours into that 80,000 figure.

 

[Hinerman]

View attachment 211571 View attachment 211572

The 10mm is more violent..
Too violent for FBI agents’ delicate, feminine, hands it appears.
Bahahahahahaha!!!!!!

I read an article about this. I will sum up why they went back to the 9mm. Quite simply, agents (and non-agents) are more accurate and faster with the 9mm, and the agency put more value on accuracy and speed than knock down power. The study showed that the most lethal shot (and most effective), in stopping a perp, is to the dome, and the 9mm outperformed in this area. We all know it doesn't take much to the head to be fatal. I had a friend killed with a single shot between the eyes from .25 caliber. My argument to the FBI would be, then why not arm all agents with .22s???

 

[Hinerman]

That guy should consider himself lucky he even got $50,000 for it..

It’s a 25-30k rig at best..

I look at everything from a usability/ value angle. And those trucks were really lacking in some areas compared to the more modern ones. Though they are cool.. cool factor can only add a small % to the overall value.

He may be factoring his labor hours into that 80,000 figure.

That was my point of posting the truck. I don't care if he spent 800,000 restoring it; it still isn't worth 50K. Collectors are crazy in what they will pay for stuff. I agree with KS, why would anybody do this; why waste 7 yrs to lose money. This is pretty common in the car restoration world though. It must be a labor of love, kind of like selling firewood, LOL.

He may or may not be factoring in his labor, or he could have just paid somebody. Rechroming parts, purchasing NOS parts, engine rebuild, frame off and repainting every single piece is very time consuming and expensive. I could see it costing 80K to pay somebody to do it.

 

[WKEND LUMBERJAK]

That was my point of posting the truck. I don't care if he spent 800,000 restoring it; it still isn't worth 50K. Collectors are crazy in what they will pay for stuff. I agree with KS, why would anybody do this; why waste 7 yrs to lose money. This is pretty common in the car restoration world though. It must be a labor of love, kind of like selling firewood, LOL.

He may or may not be factoring in his labor, or he could have just paid somebody. Rechroming parts, purchasing NOS parts, engine rebuild, frame off and repainting every single piece is very time consuming and expensive. I could see it costing 80K to pay somebody to do it.

Not near the money or the time but same thing applies to our addiction.

 

[Hinerman]

Not near the money or the time but same thing applies to our addiction.

IKR. My friends think I am nuts for cutting firewood for fun and having more than one chainsaw (about 10).

 

[sunfish]

How can people take financial hits like this? I can't tell you how many times over the years, I've seen things exactly like this. How can a person put over 80k into a pickup to let it got for 57k?

Happens all the time with new trucks. The restoring part is just an expensive hobby.

 

[Workshop]

Morning everybody.

 

[WKEND LUMBERJAK]

IKR. My friends think I am nuts for cutting firewood for fun and having more than one chainsaw (about 10).

10 Slacker

 

[Hinerman]

10 Slacker

maybe I better recount, lol

 

[Hinerman]

My wife’s boss bought some pieces of walnut from me. He is in the process of learning “turning” or whatever you call it. He made my wife this:

 

[sawnami]

Our previous owner started collecting vehicles and asked me to coordinate restoring a 39 Ford Coupe and a 60 Corvette. He was a "cost is not object" type of person. He had a bunch of very nice vehicles. Don Garlits came to the dealership to look at one of them for his museum.
The Ford only had 30K original miles on it so it was very nice to start with. He had a frame up done on it. He was very particular to the point that he wanted 10 coats of lacquer applied and even had the floor polished befor the carpet was installed. The interior trim was sent to an artist in Florida to exactly copy the wood grain pattern.
The Corvette was rough. We had to find a dual 4 barrell intake, carb and air cleaner setup to make it correct along with hundreds of other miscellaneous parts. Just a generator pulley for it was $200 because it had to be an exact diameter because of the tach drive that the cable attached to on the back of the generator.
When all was done. Each had had close to $90K invested in them.
Even though the 39 Ford got a national first place in it's first showing, it only brought $30K about a year after the restore. The Corvette brought $35K.

Sent from my SM-T900 using Tapatalk

 

[KS Plainsman]

That guy should consider himself lucky he even got $50,000 for it..

It’s a 25-30k rig at best..

I look at everything from a usability/ value angle. And those trucks were really lacking in some areas compared to the more modern ones. Though they are cool.. cool factor can only add a small % to the overall value.

He may be factoring his labor hours into that 80,000 figure.

I look at everything from a usability angle myself. Which is why I drive a 40 yr old pickup with 320k on it, it still does the job. My friend tried to sell me an older 1 ton Dodge with a Cummins, and I told him why replace my pickup, when it does what I need it to? Other than just to have something newer/cooler.

I also wondered if he figured in his time, but when it said he had "receipts to document the restoration", I took that as he probably didn't do the work himself. I mean, unless he wrote himself receipts. I'm not even sure how that would work. Lol

That was my point of posting the truck. I don't care if he spent 800,000 restoring it; it still isn't worth 50K. Collectors are crazy in what they will pay for stuff. I agree with KS, why would anybody do this; why waste 7 yrs to lose money. This is pretty common in the car restoration world though. It must be a labor of love, kind of like selling firewood, LOL.

He may or may not be factoring in his labor, or he could have just paid somebody. Rechroming parts, purchasing NOS parts, engine rebuild, frame off and repainting every single piece is very time consuming and expensive. I could see it costing 80K to pay somebody to do it.

Yeah, for 7 years and 80k, I'm keeping that pickup. I had to chuckle at your "kind of like selling firewood" statement, because before I started burning firewood, I was cutting firewood, to get ahead before I got my stoves installed and someone came by one day and asked if I wanted to sell what I had cut and split. I said "Not a chance. I have way to much work into getting it to this point, to let it go for firewood prices." That was back when I first started splitting, so my process wasn't as refined as it is now and it was alot of Elm, which sucked splitting with a sledgehammer and wedge, which is how I started.

 

[KS Plainsman]

Our previous owner started collecting vehicles and asked me to coordinate restoring a 39 Ford Coupe and a 60 Corvette. He was a "cost is not object" type of person. He had a bunch of very nice vehicles. Don Garlits came to the dealership to look at one of them for his museum.
The Ford only had 30K original miles on it so it was very nice to start with. He had a frame up done on it. He was very particular to the point that he wanted 10 coats of lacquer applied and even had the floor polished befor the carpet was installed. The interior trim was sent to an artist in Florida to exactly copy the wood grain pattern.
The Corvette was rough. We had to find a dual 4 barrell intake, carb and air cleaner setup to make it correct along with hundreds of other miscellaneous parts. Just a generator pulley for it was $200 because it had to be an exact diameter because of the tach drive that the cable attached to on the back of the generator.
When all was done. Each had had close to $90K invested in them.
Even though the 39 Ford got a national first place in it's first showing, it only brought $30K about a year after the restore. The Corvette brought $35K.

Sent from my SM-T900 using Tapatalk

Good Lord! That is crazy! It makes me wonder, if some of these guys, just do enough of these types of deals, that it's a game of averages. Some tank, but every now and again one brings twice as much as they have in it, so they can keep going. That or they somehow use these types of deals as tax losses or something.