I was thinking about this today when I was looking through the classifieds add at folks trying to sell their 40's. Granted most of these rigs are projects in progress but I think I saw on one Mud members tag line that 'its finished when I sell it' I think this holds true. .I am winding down on my 78 project and all the 'big' ticket type items are finished. Body work, paint, motor, suspension, ect. Now I, like most gents here are picking at the little things.
Most of the builds I've seen on here have new parts. And we all know that new parts add up quite quickly hence the madness of throwing our hard earned money into a project we put our heart and soul into.
I've really been inspried by some of the builds on here. My old man is a computer geek so I never really got to go out into the garage and help with mechanical things or learn that way. I can tell from some of the builds that fabricators and mechancis certainly run in the family. ANTFJ's build, PISTORMANS build, JohnnyC and Coolerman just to name a few have amazing builds. I'm a newb and have been enjoying working on my 40 after work and on the weekends. And alot of my work has been sourced out or I have been hanging out with my mechanic to learn how to do this stuff when I get impatienct or have the extra coin to spend. I guess I'm not patient enough on my first build to wait a couple of years. So on my 78 I've spent alot of money in outsourcing.
The next go around I will be doing more of this stuff myself. Actually thinking about taking a welding class at the local community college and maybe and electrical class as well. Seems like I've spent alot of time in these areas.
There's two reasons for this question. One I am switching insurance companies and need to determine value. Of course time and labor and parts are all considered plus replacing the rig. And personally don't want to go thousands over budget if my rig is only worth so much in the market.
So how do we determine the value of these rigs. Just add up our reciepts plus bloody knuckles and pride of craftsmanship and there's the number? I know the insurance company goes by Classic KBB or Classic NADA but we as builders go by parts and labor as well.
Any thoughts would be appreciated.
Most of the builds I've seen on here have new parts. And we all know that new parts add up quite quickly hence the madness of throwing our hard earned money into a project we put our heart and soul into.
I've really been inspried by some of the builds on here. My old man is a computer geek so I never really got to go out into the garage and help with mechanical things or learn that way. I can tell from some of the builds that fabricators and mechancis certainly run in the family. ANTFJ's build, PISTORMANS build, JohnnyC and Coolerman just to name a few have amazing builds. I'm a newb and have been enjoying working on my 40 after work and on the weekends. And alot of my work has been sourced out or I have been hanging out with my mechanic to learn how to do this stuff when I get impatienct or have the extra coin to spend. I guess I'm not patient enough on my first build to wait a couple of years. So on my 78 I've spent alot of money in outsourcing.
The next go around I will be doing more of this stuff myself. Actually thinking about taking a welding class at the local community college and maybe and electrical class as well. Seems like I've spent alot of time in these areas.
There's two reasons for this question. One I am switching insurance companies and need to determine value. Of course time and labor and parts are all considered plus replacing the rig. And personally don't want to go thousands over budget if my rig is only worth so much in the market.
So how do we determine the value of these rigs. Just add up our reciepts plus bloody knuckles and pride of craftsmanship and there's the number? I know the insurance company goes by Classic KBB or Classic NADA but we as builders go by parts and labor as well.
Any thoughts would be appreciated.
