What is my truck worth?

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nick disjunkt
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What is my truck worth?

Postby nick disjunkt » Sat Nov 30, 2019 4:08 pm

Hi all,

It’s been a long time since I posted anything here, as my travels have been less and less frequent.

My truck has spent the last year being dormant and it’s taken me that time to sum up the courage to put it up for sale.

http://jimthetruck.blogspot.com/p/for-sale.html

Having converted the truck myself, and having never been in the market for a ready-to-go vehicle, I have no idea what it is worth. I have listed it for £25k, but I would be grateful for your opinions on whether you think I am asking too much or too little.

It is a specialist vehicle in a niche market and I realise that it may take some time to sell, even if I price it correctly.

Image

Many thanks for any advice.

Nick

Ivan C
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Re: What is my truck worth?

Postby Ivan C » Sat Nov 30, 2019 5:45 pm

Nick,
I can't answer your question except to say it's worth what someone will pay.
A few random thoughts spring to mind:-
It would be difficult, if not impossible, to replace or build from scratch for what you're asking.
£25k will not buy a lot of conventional motorhome.
At this point your truck is unlikely to be going down in value, in fact it may even be rising a little as the supply of older tech vehicles dries up.
It might be worth trawling the usual suspects to see what else is available for that sort of money - if nothing else it will give an idea of how attractive or otherwise it looks to a prospective buyer.
Good Luck
Ivan C

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NeilandPat
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Re: What is my truck worth?

Postby NeilandPat » Sat Nov 30, 2019 6:12 pm

Hi Nick

Sorry the hear that your travelling is on hold for now, good luck with the sale.

Can I ask a question.

If the the vehicle is registered as a Motor Caravan, then it's default tax class is PHGV. Paying 165 pound per year.

Neither of these two categories would automatically make the vehicle LEZ exempt.

How did you manage to achieve this.

I know Andy Sparks on here lives in the LEZ and couldn't get it in.

Please spill the secret.

Good luck with the sale and your future plans

Neil

Bazza
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Re: What is my truck worth?

Postby Bazza » Sat Nov 30, 2019 10:40 pm

Nick I'm sorry to hear that you have been put in a situation where you are contemplating the sale of your vehicle.
Having read you're blog and the specification of your truck I personally think that it's underpriced, but if you are happy with that then I hope you have a quick and easy sale.
I sincerely hope that the sale is not due to health reasons!
Have you considered a brokerage company to assist with the sale?

Barry

crinklystarfish
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Re: What is my truck worth?

Postby crinklystarfish » Sun Dec 01, 2019 8:19 am

Sorry to read this, Nick. You built a very nice truck on a desirable base vehicle and - though I’m in entire agreement that with these things logic goes out of the window and they’re worth exactly what someone is prepared to pay - I also think you’ve under-priced the starting number.

Here’s a system I came up with just for my own casual use to establish a ‘reasonable starting’ figure; with examples for a total self-build cost of £40,000 (ie what the builder outlaid for the truck and all the tangible bits only).

Grade 7: Excellent build / condition / perfect spec / perfect layout. Cost plus >50% = >£60,000
Grade 6: Very good build / condition / highly suitable spec / highly suitable layout. Cost plus 50% = £60,000
Grade 5: Good build / condition / suitable spec / suitable layout. Cost plus 25% = £50,000
Grade 4: Average build / condition / acceptable spec / acceptable layout. Cost = £40,000
Grade 3: Poor build / condition / compromised spec / compromised layout. Cost minus 25% = £30,000
Grade 2: Very poor build / condition / unsuitable spec / unsuitable layout. Cost minus 50% = £20,000
Grade 1: Dire build / condition / totally unsuitable spec / totally unsuitable layout. Cost minus >50% = <£20,000

Within this system there’s scope to wriggle if, for example, the spec and layout are perfect but the build quality is only average etc, etc.

Just my take…

PeteB
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Re: What is my truck worth?

Postby PeteB » Sun Dec 01, 2019 9:48 am

Jim,
I'm a newbie to this site, currently researching and learning with no experience of building a truck as yet. That said, looking at your truck and comparing to others I have seen for sale your asking price seems low to me.

Just finding a base vehicle of this era to convert is hard and quite pricey. A T244 will be £10k+ from Withams or Jacksons. Mercs like yours will be dearer.

There is a T244 overlander on ebay/gumtree at present for £60k:
https://www.ebay.co.uk/itm/Leyland-DAF- ... SwPaZc7YL0

Also on ebay, there is and a Scania fire engine conversion at £114k and a Unimog at £76k. I appreciate asking prices are not sale prices but based on this detail I'd reckon your truck is worth well over £25k. Some may want 4WD and lower mileage but that is balanced by the level of kit your truck has.

I am aiming to stay under a 7.5T build and am looking forward to the build phase, otherwise I'd bite your hand off!

DaveS
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Re: What is my truck worth?

Postby DaveS » Sun Dec 01, 2019 10:30 am

Don't disagree with any of the above, my main comment would be this build is pretty unique in what is already a niche (and hence small market place).

So - personally, yes, I think £25k is very cheap for what it is, but I do think your target market is likely incredibly small. At this price point you may well tempt someone who would not be interested in a £50k+ truck...

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NeilandPat
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Re: What is my truck worth?

Postby NeilandPat » Sun Dec 01, 2019 12:04 pm

You are all correct, the market for this style of truck is very niche. However Nick's price must reflect the fact that it is 2WD and most of the people in this market will probably be looking for 4WD

I still think he is starting his pitch a bit low as we all know the work that goes into these vehicles and this one has already proved itself in the field

Neil

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nick disjunkt
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Re: What is my truck worth?

Postby nick disjunkt » Sun Dec 01, 2019 1:02 pm

Hi all,

Thanks for your advice, I might be tempted to bump the price up slightly and see where it goes.

NeilandPat wrote:Hi Nick
If the the vehicle is registered as a Motor Caravan, then it's default tax class is PHGV. Paying 165 pound per year.

Neither of these two categories would automatically make the vehicle LEZ exempt.

How did you manage to achieve this.


The truck is in the special vehicles tax class as it was used as part of my showmans business. For the same reason, the truck is LEZ exempt, although this is premised on fitment of a large generator which the truck is not being sold with. Also the exemption requires the truck to be part of a showmans business, and so it would be the responsibility of the new owner to tell TFL that the use had changed.

Bazza wrote:I sincerely hope that the sale is not due to health reasons!


No, nothing like that thankfully, I'm young and in goodhealth generally. Its a combination of having a young family, being restricted to holidaying in school holidays, and being short on money to take longer trips anyway.

I could be tempted to replace Jim with something smaller and better suited to short local trips, but I might just put my motorhome life on hold until nearer retirement.

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Re: What is my truck worth?

Postby crinklystarfish » Sun Dec 01, 2019 9:52 pm

Leaving Nick's show to one side, before anyone considers trying to exploit the showmans' route merely to circumvent numerous bits of legislation (it's not an uncommon dodge), bear in mind the following:

"The Court must also be satisfied that the use of the vehicle is exclusively for the Showman’s work. Many Showmen will seek to simply rely upon membership of the Showmen’s Guild, which the Courts have made clear is not sufficient evidence that the exemption applies."

Many who join the guild and crack on they're showmen don't understand that the numerous exemptions that apply only apply when they're actually using the exempted vehicle in connection with their show.

I met a guy at this year's AO show that had done exactly this and thought he was on to a good thing. He had no idea of the extent of his vulnerability to prosecution.

A little knowledge us a dangerous thing and all that.

If you're caught playing the system you'll rightly be in the doo-doo.


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