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Thread: What's it worth

  1. #1
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    What's it worth

    I know this is a difficult one and is very subjective but here goes.....

    I've been offered a 4 cyl 1960 Series 2 109" ute.
    Surface rust on chassis, rear crossmember good (but towing bracket welded onto it). Door tops excellent (needs new bailey channels but no rust), cab & interior good, door frames good, bulkhead excellent. The tub has one small tear in it that will have to be welded up and both sides have a gentle curve pushed in (almost as if cattle have been rubbing against it).
    The grey paint has faded and the current owner has thoroughly jetwashed the inside & outside so it's very, very clean. Has been stored in a garage for the last 15 years.
    Engine doesn't run but it did a few years ago.

    I don't need it but like all Land Rover owners I have to have it because it's in such good condition for a 51 year old car.

    I think the price the current owner is asking is fair but wondered what would be a reasonable price for a Series 2 in this condition.




    Colin
    '56 Series 1 with homemade welder
    '65 Series IIa Dormobile
    '70 SIIa GS
    '76 SIII 88" (Isuzu C240)
    '81 SIII FFR
    '95 Defender Tanami
    Motorcycles :-
    Vincent Rapide, Panther M100, Norton BIG4, Electra & Navigator, Matchless G80C, Suzuki SV650

  2. #2
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    how long is a piece of string??



    I would think that the engine not currently running, the fact its been stationary for so long also means g/box drivetrain etc has been stationary and that isnt always good, all this would detract from its value.

    As you said its a 51 year old car, its in good shape....once again its a price set by what you are willing to pay... I wouldn't think too much at all.. but whats doing the buying... your head or your heart?
    (REMLR 235/MVCA 9) 80" -'49.(RUST), -'50 & '52. (53-parts) 88" -57 s1, -'63 -s2a -GS x 2-"Horrie"-112-769, "Vet"-112-429(-Vietnam-PRE 1ATF '65) ('66, s2a-as UN CIVPOL), Hans '73- s3 109" '56 s1 x2 77- s3 van (gone)& '12- 110

  3. #3
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    Quote Originally Posted by digger View Post
    how long is a piece of string??



    I would think that the engine not currently running, the fact its been stationary for so long also means g/box drivetrain etc has been stationary and that isnt always good, all this would detract from its value.

    As you said its a 51 year old car, its in good shape....once again its a price set by what you are willing to pay... I wouldn't think too much at all.. but whats doing the buying... your head or your heart?
    All the above has already gone through my mind.
    Do I need another Land Rover ? No. Do I need a 109" ute ? No. Do I have somewhere to store it ? No. Do I want to buy it ? Yes.

    A few years ago I found my Series 1 for $2000 which seemed a lot at the time. Replaced most of the braking system, replaced a wheel bearing and a few seals, new bushes in the springs, overhauled the motor, threw on some new tyres and drove it to Cooma & back.

    I just wondered what would be a fair price for this Series 2 but as you say it's a very personal decision and not based on it's real 'market' value.

    Colin
    '56 Series 1 with homemade welder
    '65 Series IIa Dormobile
    '70 SIIa GS
    '76 SIII 88" (Isuzu C240)
    '81 SIII FFR
    '95 Defender Tanami
    Motorcycles :-
    Vincent Rapide, Panther M100, Norton BIG4, Electra & Navigator, Matchless G80C, Suzuki SV650

  4. #4
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    I tried to sell a similar vehicle on ebay recently for $950, and didn't get a bid.

    I eventually sold it for $750.

    I would think the one you describe should be somewhere around that price.

    Peter

  5. #5
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    gromit, I was hoping to buy a Series 2 109 recently but the deal just went quite for some reason. The seller wanted $1200 which I was happy or stupid enough to pay. It had been in a shed for 15 years and looked reasonable from the photo. I had no other detail about it but was trying to ascertain if it was a true series 2 109.
    If you turn out to be not keen, please please please put my name into the hat. They are my true love in the landy stable.
    Jason

    2010 130 TDCi

  6. #6
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    The price is what you want to pay and what the owner will take.

    I've recently purchased a reasonable condition 1959 S2 88" for $500 -the wiring is bodged, the rear chassis xmember has some rot (a welded on tow bracket created a moisture trap) and a couple of other minor issues, but otherwise very straight.

    The same money got a 1968 88" with a Holden motor and overdrive, also very straight and an easy restoration to rego standard.

    On the other hand, a guy in town is asking $2500 for a Series 2A 109" - at that price I haven't even bothered looking, and neither has anybody else!

    I was contacted about what I suspect from the description to be a late 2A or possibly a 3 (with a winch, I'm told), apparently in very good condition and the owner "wants" $1000 but has already said he'll take $800 at a push.

    I have found that there a a large number of old Land Rovers lying in barns and paddocks. Some of their owners think they're worth a fortune, some can be educated to realise they're not (some can't!) and some people just want to be rid of them - I bought a S1 80", S1 86" and S2 88" Command and Recon (admittedly all in poor condition) all 3 for $400, just to prevent them being crushed.

  7. #7
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    Quote Originally Posted by newhue View Post
    gromit, I was hoping to buy a Series 2 109 recently but the deal just went quite for some reason. The seller wanted $1200 which I was happy or stupid enough to pay. It had been in a shed for 15 years and looked reasonable from the photo. I had no other detail about it but was trying to ascertain if it was a true series 2 109.
    If you turn out to be not keen, please please please put my name into the hat. They are my true love in the landy stable.
    Jason,

    This one is unmolested (as in very original). It would be tempting to restore the chassis & running gear and leave the bodywork as-is.
    Checked the chassis number and it's a 1960 CKD

    Price is subjective and as people have stated based on what the seller feels is the market value and what you as the buyer feel comfortable paying. As we all know, restoration, or even just getting a Land Rover back on the road, is a labour of love and you don't get back what you outlay.
    My only concern with this one is that it hasn't been run for some years. The seller is a genuine guy and he claims it ran OK and didn't smoke when he got it 15 years ago.

    Anyway, I collect it in a couple of days


    Colin
    '56 Series 1 with homemade welder
    '65 Series IIa Dormobile
    '70 SIIa GS
    '76 SIII 88" (Isuzu C240)
    '81 SIII FFR
    '95 Defender Tanami
    Motorcycles :-
    Vincent Rapide, Panther M100, Norton BIG4, Electra & Navigator, Matchless G80C, Suzuki SV650

  8. #8
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    Colin

    Land Rover engines, even ones that havent run for years are remarkable things. They will often start will very little assistance.

    It is worthwhile taking a little time with an engine that hasn't run for years. The fuel in the tank is usually a problem. Drain that out and put in some fresh stuff.

    Then see if they turn over with the crank handle and maybe even putting a drop of penetrating oil in each cylinder and turning it over without the spark plugs in place, then putting the plugs back in and the leads on and a cap of petrol down the carby throat and see if it will start and run.

    Diana

    You won't find me on: faceplant; Scipe; Infragam; LumpedIn; ShapCnat or Twitting. I'm just not that interesting.

  9. #9
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    Diana,

    You have more faith in Land Rovers than I do!

    I'd be checking the oil and water, making sure the electrics weren't going to start a fire (I've actually seen that happen, see below), the fuel hoses weren't perished and a whole bunch of things before I even put a good battery in a vehicle that had been left in a barn for years.

    I watched a barn recovered vehicle (not a Land Rover) burst in to flames because the float valve was stuck open causing petrol to flood out of the carby. Unfortunately the engine earth strap had decayed and broken, and the engine was earthing largely through the accelerator cable which was glowing red hot as the petrol from the carby ran over it, though I suspect the petrol actually ignited when it hit the start motor.

  10. #10
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    Quote Originally Posted by Lotz-A-Landies View Post
    Colin

    Land Rover engines, even ones that havent run for years are remarkable things. They will often start will very little assistance.

    It is worthwhile taking a little time with an engine that hasn't run for years. The fuel in the tank is usually a problem. Drain that out and put in some fresh stuff.

    Then see if they turn over with the crank handle and maybe even putting a drop of penetrating oil in each cylinder and turning it over without the spark plugs in place, then putting the plugs back in and the leads on and a cap of petrol down the carby throat and see if it will start and run.

    Diana
    Thanks Diana,

    I've rescued many old cars (and motorbikes) over the years that have stood for ages so I'm well versed in bringing them back to life.
    This one has been worked on recently because the seller has had someone trying to get it started. They think the timing is out but it was running when it was purchased so it's more likely the fuel is 'off' or the enthusiastic jet-washing has dislodged a wire.
    Oil and coolant has recently been changed.

    I'm hoping it's not like my FFR which didn't run (despite the owner trying to start it). The distributor clamp was missing a bolt, the lead from the coil had failed the coil had also failed when I finally got it running the thermostat housing leaked (stripped threads) and it smoked badly (worn rings). It can't be that bad.....can it ?

    The bigger worry is that exposed gears in axles, gearbox & transfer box have rusted along with the cam, crank etc. in the engine. Spoke with the current owner last night and he confirmed it hadn't run for 15 years but it has been cranked over and moved around a few times.

    Tyres might need changing, they look OK but the treads have been re-cut because it was only ever gong to be used on the owners property.


    Colin
    '56 Series 1 with homemade welder
    '65 Series IIa Dormobile
    '70 SIIa GS
    '76 SIII 88" (Isuzu C240)
    '81 SIII FFR
    '95 Defender Tanami
    Motorcycles :-
    Vincent Rapide, Panther M100, Norton BIG4, Electra & Navigator, Matchless G80C, Suzuki SV650

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