Stude Values etc....???

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jbreen - 12 Apr 2005 13:18 GMT

I was curious about the 63' Cruiser that was posted a few days ago.
The owner was referred to NADA value guide...I also checked out the 59'
Lark hardtop value a few weeks back. It's obvious to me the values
are way out of proportion to the "real" market. As for instance, both
62 & 63' Lark convertibles are valued more than a 64'...? Possible?
Poll question ? Again, I'm curious about how they arrive at these
figures...So JP and others...how do they do it ? If JP buys a truck
from an old guy's barn for $2500. then sells it for $10K..are both
figures reported to the value sources ? Just the high ? Is the real
value $5500. ??

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John Poulos - 12 Apr 2005 15:11 GMT

NADA uses auction sales and private owner sales reported to them. I
report every car I sell, and try and keep up with any changes I think
need to be made. They tend to take a few months to raise values and are
way behind on 60-64 rag tops and a few others.
In your example, if I bought a truck for $2500 and sold it for 10K,
nada would only hear about the sale I reported or they got from a
auction. I will try and get them to show a premium for the 64 rag top, I
missed that error.

As to the Cruiser, if it's the 6000 mile job, there is no way to use
the NADA value for a car like that, it'll be off the chart.

> I was curious about the 63' Cruiser that was posted a few days ago.
> The owner was referred to NADA value guide...I also checked out the 59'
[quoted text clipped - 6 lines]
> figures reported to the value sources ? Just the high ? Is the real
> value $5500. ??

Signature

JP/Maryland
Studebaker On the Net http://stude.com
My Ebay items:http://www.stude.com/EBAY/
64 Challenger (Green Wrapper)
63 R2 4 speed GT Hawk
55 Speedster
50 2R 10 truck

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bob m - 12 Apr 2005 17:38 GMT

> NADA uses auction sales and private owner sales reported to them. I
> report every car I sell, and try and keep up with any changes I think

> need to be made. They tend to take a few months to raise values and are
> way behind on 60-64 rag tops and a few others.
[quoted text clipped - 25 lines]
> 55 Speedster
> 50 2R 10 truck

There is always the fallback old dusty answer: Is that what you are
willing to pay for it? Example: sometime back the 100,000th Lark
surfaced and there were many opinions on the car and it's value. Which
is more valuable, the car or the documents that went with it. Something
like that could easily skew all the values of 59 Larks if it was
subjected to a bidding war. The biggest problem seems to be that many
non Studebaker people grab on to the cars and expect them to be made of
gold. Will Oldsmobiles and Plymouths go through the same thing? I am
not talking about the Cuda's and 442 but the mom and pop cars.

Bob Miles
Tucson AZ

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John Poulos - 12 Apr 2005 19:06 GMT

After Jack post, I gave the whole issue some more thought and have
decided there is no easy answer. I have more experience than most in
this area, and I still can't get a handle on value. Let me give you a
few examples:

59 C cab truck value. Is it the 4K I paid, or the $4500 I offered it for
at York, or the 5K offered on the NG after some work ? Maybe it was
worth the 6K it sold for to a midshipman on ebay, or was it the $8700 he
got a few months later on ebay with OD added.

Is a car 'worth' thousands more with just detailing and a better
presentation ? Is a R2 lark worth double it's book value ? The correct
answer has always been, it's worth exactly what a buyer is willing to
pay. Posing the car in front of a funeral, or in a California setting
sun can add money to the value too. <g>

> There is always the fallback old dusty answer: Is that what you are
> willing to pay for it? Example: sometime back the 100,000th Lark
[quoted text clipped - 8 lines]
> Bob Miles
> Tucson AZ

Signature

JP/Maryland
Studebaker On the Net http://stude.com
My Ebay items:http://www.stude.com/EBAY/
64 Challenger (Green Wrapper)
63 R2 4 speed GT Hawk
55 Speedster
50 2R 10 truck

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Dave Lester - 12 Apr 2005 19:53 GMT

> 59 C cab truck value. Is it the 4K I paid, or the $4500 I offered it for
> at York, or the 5K offered on the NG after some work ? Maybe it was worth
> the 6K it sold for to a midshipman on ebay, or was it the $8700 he got a
> few months later on ebay with OD added.

Yes.

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Dave Lester
www.davesplaceinc.com
The Studebaker Hang Out
Casbah of 'Sheba the Tramp, and Goliath the Hateful Truck

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Jerry - 13 Apr 2005 03:26 GMT

I had a local guy tell me that I ruined the resale of my 53 2R6 pick up by
removing the 6 with 3 OD and installing a 289 and 5OD. I think he is full of
s**t . I think I have made it more valuable and a hell of allot more fun to
drive and kept it all Studebaker. what do you think

Signature

Jerry Kaiser (Studeblu)
64 One Ton
61 Champ pick up
53 Starlight Coupe
53 2R6

>
> After Jack post, I gave the whole issue some more thought and have
[quoted text clipped - 24 lines]
>> Bob Miles
>> Tucson AZ

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transtar60 - 13 Apr 2005 03:32 GMT

Well I'd rather have both a 2R6 with 6 and 3 spd OD and a 2R6 with 289 w
5 spd OD.
Buy him a box of exlax.

> I had a local guy tell me that I ruined the resale of my 53 2R6 pick up by
> removing the 6 with 3 OD and installing a 289 and 5OD. I think he is full of
> s**t . I think I have made it more valuable and a hell of allot more fun to
> drive and kept it all Studebaker. what do you think

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Jeff Rice - 13 Apr 2005 03:42 GMT

Then the sob made you a lowball offer at his new reduced value?
Tell him to buy it and fix it his way, and sell it.
Till then, stfu...
Jeff (heard that crap too) Rice

"Jerry" wrote...

>I had a local guy tell me that I ruined the resale of my 53 2R6 pick up by
>removing the 6 with 3 OD and installing a 289 and 5OD. I think he is full
[quoted text clipped - 28 lines]
>>> Bob Miles
>>> Tucson AZ

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Dave's Place - 13 Apr 2005 04:52 GMT

Your local guy is full of s**t, and has his nose where it does not belong...
it's YOUR truck, right?

I agree with you. He's thinking, "Original will always bring more money
than "incorrect." He's right, if the potential buyer is a "purist," dead
wrong if the buyer wants to do serious highway hauling with the truck.

Value, in $$? To some, yep, he is right. To others, nope, he is dead
wrong. If I were to be personally interested in a truck like yours, if it
were for sale, I would not take a second look at it after seeing the 6 under
the hood... in terms of my personal interest. The V8 would cause me to at
least pause and give it due consideration. But, I haul cars behind my
trucks, and want to do so comfortably at 70 mph or so, running the AC.
Someone that does not use his truck like that might well like the 6 better.
I have nothing against old 6 banger Stude (or brand X) trucks. Matter of
fact, I appreciate them for what they are. I just won't own one, it would
not fit my needs.

It depends on what a person wants/expects/desires in a vehicle. I want a
V8, others want a 6. BTW, the 5OD is a nice touch!

Tell your, "local guy," (I notice you did not refer to him as a "friend") to
buzz off, and to mind his own cottin' pickin' business. He is not the
expert he considers himself to be. Have him buy a truck like yours, but
with the original 6. Then, have him park it next to yours, and offer them
both for sale. Both of you price the trucks beyond what either will bring
(because you really don't want to sell yours,) and see who gets the highest
offers. He will not "put up," but perhaps he will "shut up." <G>

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Dave (Probably not, but it's worth a shot) Lester
Dave's Place
Home of the Internationally Renowned Studebakers, 'Sheba and Goliath
See pictures at www.davesplaceinc.com

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Fred Cook - 13 Apr 2005 05:58 GMT

>I had a local guy tell me that I ruined the resale of my 53 2R6 pick up by
>removing the 6 with 3 OD and installing a 289 and 5OD. I think he is full of
>s**t . I think I have made it more valuable and a hell of allot more fun to
>drive and kept it all Studebaker. what do you think

Since I bought the 245 out of it I think you did just exactly the right thing!!!

Fred

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