ssean said:
looks like they've got way more than 7 beans in upgrades into that k5...
Upgrades don't mean a thing....
Take a $7000 Blazer.....add $5000 in new axles, wheels, tires and maybe even a Doubler. Guess what it's worth??....
$7000.
Your potential market for a clean, unrestored (and unmodified) 1st Gen is pretty good...there are plenty of people williing to spend anywhere from $3000 - $7000 for one.
BUT:
Start modifying it, and the amount of people who think what you've done is "Cool" or that is has added value to the truck is a lot smaller... if you had 100 people who wanted a "stocker"....there might only be 20 people who think you've actually "improved" it.
THEN:
Take the 20 people who like what you've done, and ask them to pay a reasonable amount of money for the truck, and the list of willing customers gets even smaller again....
The reality is that this is a HOBBY to most people, and the odds of someone coming up with $10,000 or $12,000 or $15,000 for a built-up Blazer is virtually impossible. You can't go to a bank and get a loan for something like that (usually) and if you're married, you can forget about the S.O. signing off on it....
Even a buyer who knows he couldn't do it himself for less $$$ probably still won't buy it, because the reality is that upgrades are done (for most people) as the budget allows.... Many folks could achieve a $15,000 buildup if it were done $1000/year and over the course of several years....but coming up with ALL that cash at once is not going to happen.
Think back to some of the REALLY nice K5's that have been put up for sale on this board over the years... I can't recalll ANY that sold for over $10,000 and in fact most were parted-out because they were worth more in pieces than as an assembled vehicle.....
Sad but true.
