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Estimated value of a 1951 M38

Rob B

New member
13
1
3
Location
plymouth Meeting PA
Hello,

I am new to the ownership of an antique military vehicle.
I looked at an M38 that was owned by a Vietnam veteran patriot. I am told it was his pride and joy yet it needs some TLC. Tires are all very low and batteries were dead. Undercarriage is coated with oil all over. However I did get it started and ran well with a few low valve noises. It has been sitting for 3+ years. Could not be driven however I believe it will do fine after a complete fluid change.

Please see the attached photo's and let me know what a fair price would be. I appreciate your help..

Thanks You,
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SETOYOTA

Well-known member
Steel Soldiers Supporter
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Location
georgia
What's the asking price? Does it come with the 416 trailer? Easlily 10k maybe 12k. You should sell the trailer and get a m100
 

SETOYOTA

Well-known member
Steel Soldiers Supporter
2,407
450
83
Location
georgia
The M38 is desirable much more so than a m38a1. Not near as much as a WWII Willys MB or Ford GPW . The trailer is a M416 made for a M151 1/4 ton. Appropriate trailer would be a m100.

My lower number of 10-12k is based on how she sits now and lower collector interest in the m38 vs WWII jeeps. I have no doubt he paid 18k for it if he bought it off a web page or paid someone to do the work . That had to be several years ago based on how it looks now.
 

just me

Member
322
10
18
Location
phoenix,az
In my neck of the woods that would probably sell for around $14,000 after a bath and maintenance. Maybe a few grand more with all the extra stuff if it drives well. It has all of the hard to find (pay for) bits on it. I would give that kind of money for it and I'm a cheap so and so. M38's are like Front Line Ambulances. More rare than any of the other Jeeps and therefore to me, more valuable.
 
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