I'm sure glad that he thinks that his investment will turn a profit in 10
years. I am sure that he is not an economics expert. And, just what will
be the purchasing power of $40K in 10 or 15 years in today's money?
Jim V.
At 09:20 AM 4/23/00 Sunday -0500, Deve Krehbiel wrote:
>I mean 15 thousand. But that includes some pretty expensive tools I didnt
>have. There is about 10K in the truck itself and it isnt even close to
>finished yet. Thats what it costs to do it right. I am not so much worried
>about the money.. its not as if I am rich or anything.. I am just at a point
>where I needed to replace a vehicle and rather than dropping $25K on a new
>Chevy truck, I bought tools and restored the 50 (as well as purchased a
>running 49) for about $6,000 less. In the end, I will have a truck to drive,
>and a truck for its investment potential that will far exceed the price of a
>new truck.
>
>Heres the thing.. its whatever makes your boat float. For me, meticulous
>attention to detail, exacting specifications, and seeing things through are
>really big kicks. Will I drive it when I am through? NO! Will it sit in a
>hermetically sealed, dessicant chamber for the rest of its life? Probably.
>This particular truck is only one of many projects I intend to do. This one
>is special for its perfection, while the next project will be a daily driver
>that will be special for its modern ride, higher speed, and smoother looks.
>Its all about knowledge and what I dont know but intend to learn.
>
>It will be a trailer queen as much as I hate trailer queens. It will really
>belong in a museum with ropes around it to keep people away. Its to be a
>pristine example of years gone by for anyone to appreciate. Its not
>practical, makes no sense to own one like this because it takes up valuable
>space, and its expensive, but someday, someone will come along with a check
>large enough to take it home for themselves and the investment will then be
>worth it. Since it isnt my grandfathers truck and I have no personal
>attachment to it other than the sweat (a little blood even) that went into
>it, the investment potential over a period of years is as good as money in
>the bank. Right now, these trucks are going for around $20K- $25K frame up
>restorations. I wont sell this one for less than 40. Someone will want the
>high quality and pay it. Maybe not for another 10 years, but it will go for
>much more than I paid. Meanwhile the learning experience is priceless. And
>believe me, I am having a real blast doing this! Thats really the measure of
>the truck.. how much fun you have rebuilding it. Also.... remains to be seen
>yet if I have the talent to learn how to do that good of a job. I am a true
>amatuer. But then again, I dont like to lose! :)
>
>Deve
>50 3100
>49 3600
>www.speedprint.com/Deves50/index.html
>
>
>----- Original Message -----
>From: "Terry S. Glines" <ace0027@attglobal.net>
>To: "oletrucks" <oletrucks@autox.team.net>
>Sent: Saturday, April 22, 2000 7:58 PM
>Subject: Re: [oletrucks] Show Trophys
>
>
> > Deve,
> > I just want to make sure we're talking about the same numbers...when
>you say
> > 15K, you mean 15,000.00. Or 1500.00
> >
> > Terry & Ace
> > http://www.milezone.com/terry
> >
> > Deve Krehbiel wrote:
> >
> > > Yeah! To date, I have roughly $15K in this truck already and have done
>at
> > > least 90% of the work myself. Its still cheaper than a new truck with no
> > > personality, and since I am tore completely apart, why not set it up to
>show
> > > quality standards?
> >
> > oletrucks is devoted to Chevy and GM trucks built between 1941 and 1959
>
>oletrucks is devoted to Chevy and GM trucks built between 1941 and 1959
oletrucks is devoted to Chevy and GM trucks built between 1941 and 1959
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