The truck is worth whatever somebody will pay for it truthfully. There is one in CT right now for $12,000 I think. You got a good deal and you could make some money because there a few drooling on this sight alone for it. Only problem everybody knows what it sold for.... I will still search for one but really am in no hurry for one as the registration up her is stupid expensive and If I ran antique plates god help you if DOT caught you with anything in the bed !!
Well, the $12,000 price you quoted is ridiculously inflated IMO, so it's probably not a good comparison....It is simply a deuce with a dump... Granted, it's somewhat scarce, but the ONLY reason I would personally buy it is to resell. There is simply no guarantee of it's saleable desirability in this condition....And that's after giving $1300 for the truck and then putting $1000+ more in just getting it home and $500 in batterties and on and on.
You could easily end up with $4000 in the truck basically as it sits... Then
hope the engine ran good and the brakes, not to mention the obvious rust issues that are evident and then the rust that is probably there and
not evident. Put a couple hundred man-hours in it and a few more thousand $ in rust repair, paint, brakes, and the thousand other things it would take to restore it to a parade quality truck....I would venture to say that you may end up with $12K in it when it's done to get it to the same condition as the aforementioned $12K truck.
Don't get me wrong....$1300 is reasonable enough for the truck, but I have found that with most people looking for niche and oddball MV's like this dump truck, that a higher condition vehicle will
SCREAM above the prices of so-so and even lower condition examples...