What's it worth?

Dock Holiday · 06-01-2009, 03:35 PM

I have a neighbor that wants a Jeep I have real bad. Problem is he has three pickup trucks for sale and he cannot buy my Jeep until he sells one of the trucks. I really like one of them and would trade him but I think he wants too much money even though it is in excellent condition.

The truck is a 1988 Chevy Silverado 4 x 4 standard cap step bed, 350 v8, automatic with all the power options available that year. He bought it from the original owner last year and it has 21K original miles and was garage kept always. The truck even has the original tires on it. Interior and exterior are 100% perfect. The truck is like brand new and is gun metal grey on the outside with red interior. There is not even a mark in the bed. He thinks the truck is worth $13,500 and even though it is perfect that seems high.

Anyone got a guess on a fair value of this truck. I drove it Saturday and it drives like new and the only thing I can find wrong is the air is not real cold.

VtSteve · 06-01-2009, 04:20 PM

I came close to buying a GMC Sierra, ext cab, fairly decent options, same engine, full tow package, but had the 3.7 gears. My price after all rebates and incentives would be a little over 20. Most everything on the lot was 8k to 10k off. The very best one I saw was a Dodge 2500 crew cab with the Hemi in it that sold for 23k. I'd love that truck but with the cummin TD in it. These were all '09 models.

Was the truck you looked at really a 1988?

Dock Holiday · 06-01-2009, 04:59 PM

Quote:

Originally Posted by VtSteve

Was the truck you looked at really a 1988?

Yes this is a 1988 (now 21 year old) Chevy that was a one owner until last year and only driven on Sundays. My wife knew the man that bought it new and he just drove the truck to town a few times a week and it stayed in his garage the rest of the time. It has never hualed anything and never towed anything.

I don't need the truck even though it really is nice. I would turn around and sell it but I don't want to trade him not knowing what it will bring in today's market.

VtSteve · 06-01-2009, 05:19 PM

Sometimes, sitting around and not doing much can hurt a vehicle more than driving it. I'd have to wonder if some seals and other parts are dried out from lack of lubrication. Even if it's in good mechanical shape, the price is high. But there's a buyer for everything, maybe you can ask around and line up a buyer first.

articfriends · 06-02-2009, 01:05 AM

The miles are so low it's hard to put a price on it but 13,500$? Not in my lifetime,there is nothing really special about the 1988 up body trucks that would make me ever think of paying that much for one that old. It will most likely within a year or 2 if you bought it and started driving it need all the stuff a truck that age ends up needing just from sitting around-example-head gaskets,radiator,heater core,water pump,brakes,nickel and dime stuff. Maybe 6 or 7 thousand if you really like it,Smitty

Irishtornado · 06-02-2009, 01:25 AM

Mark I woouldn't pay more than 5k for it. It's not worth much more than that even in condition and miles.

I wish I knew you where selling the Jeep I'm looking for a play toy.

Slick02 · 06-02-2009, 09:17 AM

In real money the truck is probably worth 5 grand if you really like it, I recently sold a 1990 SS454 Silverado with 41,000 original miles on it for 11 grand, but I had to sit on it for damn near 6 months before the right azz came along to fill the seat.
The truck he has is nothing special except for the miles/condition.

pookie · 06-02-2009, 09:25 AM

Quote:

Originally Posted by Dock Holiday

Yes this is a 1988 (now 21 year old) Chevy that was a one owner until last year and only driven on Sundays. My wife knew the man that bought it new and he just drove the truck to town a few times a week and it stayed in his garage the rest of the time. It has never hualed anything and never towed anything.

I don't need the truck even though it really is nice. I would turn around and sell it but I don't want to trade him not knowing what it will bring in today's market.

I had a 1988 K5 Blazer with all the options. It was by far the worst vehicle I have ever owned. It was pampered and garage kept but I replaced every part of that vehicle at least twice.

wannabe · 06-02-2009, 11:53 AM

The truck is maybe worth 4500 only cause it is so original and blemish free. It is really only good as a garage queen that you drive to events, etc. To start using it as a pickup and scratcht up the bed depreciates it. If it has an overdrive auto trans they cannot tow much #'s.
Wannabe

fireboatpilot · 06-02-2009, 04:53 PM

I'd go along with the $5K at the most. I also agree that letting a vehicle sit idle for along time does more harm than good. I just bought the sweetest looking car for my wife, litterally the grandmoms car only driven to church on Sundays. 1988 with 14K on it. Still had paper in the trunk and plastic on the rear seat, garage kept all it's life. Puting it back on the road was the worst thing that could have happened. Mechanically it fell apart. Leaks seals, trans. Everything rubber on it was at it's life's expectancy and was either cracked, split or leaking after it was flexed from driving. It still looks great but I couldn't give it away mechanically. Buyer beware.