B-61 Selling Price?

[220cummins]

Well first of let me say that I am inquiring about the selling price of my 1959 Mack B-61. After much debate I would like to put my B-61 up for sale. The only problem is I would like to price it fair and reasonable. As some of you may know my dad and I have restored this truck from the ground up. The restoration process was documented on here with pictures in the gallery. It has an ENDT673 converted with spin-on oil filters and newer oil cooler, updated spin-on style water filter, updated primary and secondary fuel filters, A Jake brake was added and head gaskets replaced, I installed a 18 spd quad box with a new clutch, the brake system was all replaced ie drums, lining, seals, cans, and slacks. It is the original type to the truck not upgraded to q-type or q-plus. It has a double frame with 44k rears and Holland air sliding Fifth wheel. Tires are tubeless 11r22.5 Dunlap with Goodyear caps on the rear and Dunlop steer tires. The entire truck was stripped to just a rolling chassis with the motor and original trans removed. Everything was sandblasted and repainted by myself with PPG paints. I have all the paperwork from the museum. I am asking yinz guys for advice on setting the price. It doesn't matter how many hours or how much money I have invested in it I just want a fair opinion of it. The reason for selling is due to a couple things. One major being a change in careers and starting of a new business of heavy truck service, body work, painting, and fleet work. I've been busy with work in the shop the last couple of months that I don't have time to enjoy the truck like I used to. So back to the point of the post, attached are a couple of pics and there are a ton in my galleries of the truck, take a look and let me know your thoughts. PM works and don't be gun shy on posting your thoughts.

[thomastractorsvc]

I just reviewed the pictures again, lots of work done. You will never be able to recoup that equity. I would say 10K-11K would be fair price because you can document the mechanical repairs that were done, it was just not a sandblast and paint job.

With that said why not keep it to show the work you have done, what better way to prove your skill than an example of your work. Use it as collateral for business loan for the amount you would get out of it than you can use it as a write off. Nothing represents a repair shop than a rolling cool looking billboard.

[brad_kelly]

I agree, that would be excellent advertising for "yinzes", I'd reconsider! What a pretty truck, it'll be hard to find anything that nice again.

[1977vega]

That truck is stunning, hard to put a number on that thing! I'd keep it

[jackb61sx]

I would talk to a truck broker and sell it oversees to a collector who knows what they want and will pay for it. That truck is truly an excellent rebuilding of that truck, we almost sold ours last year to a person in Australia after a broker contacted my father about any intrest in selling it, lets just say we where offered a lot more than what you may think your truck is worth. My father decided to keep it becuase we picked up the Superliner and could move the truck easier to shows. Send me a P.M and i will get you the info if your interested. I know it could leave the country but it could go to where they love Macks as much as we do. Some pics of our truck so you may compare.

[Freightrain]

Shoot, just give it me and I'LL enjoy it for you?? Sounds reasonable and no one has to feel hurt about not paying enough for it>

See how easy that was?? LOL!!!

I think you have to decide how quick you want to move it. $10K is wayy to cheap in my eyes. I know you can not recoup alot of what you spent, but you can't just give it away either. Even my old clunker I would not let go for $10K. You can't replace it for that, so why sell it for that. Putting it in the right market will get you the most money.

[hatcity]

KEEP IT!!!!

Advertising for the new business.

Any add'l work is tax deductible.

Bring it to local shows to help your business

[Maddog13407]

agree. keep it or find a way to write it off as collateral on your new business. mine is only a single axle, isn't turboed but I have been offered 35-40 grand for mine and still would not part with it. 10 grand is way too cheap for that truck unless you wanna give it away. take a look at ebay or craigslist. they want 6 grand + for work out old junk that needs a total restoration and a bunch of sheet metal that is getting harder and harder to find.

[Jeff M]

I am a relatively new member to the forum and about once a week I see a truck that just blows me away. Well, this week it's yours. That thing is gorgeous. As far as selling it, sometimes we do what we have to do, but take your time and make sure it goes to a good home...and get a good price for it too.

[Green Dash]

I hope you can be talked into keeping it as a show piece if that's practical in your situation.

Either way, good luck in your new venture.

[1957B61Vt]

I would keep it!

you will regret it if you don't

it is a nice truck you did yourself

nice advertisement for your new buisness

hope you keep it . god luck on new venture

[BAD DOG]

Beautiful restoration. I would try and use it as collateral. Without a doubt it would be a good advertisement piece plus a form of write off for your business. Good luck with your business venture.

[Superdog]

Beautiful restoration. I would try and use it as collateral. Without a doubt it would be a good advertisement piece plus a form of write off for your business. Good luck with your business venture.

Ditto. Keep it.

[HarryS]

I agree with "Keep It" if you can but if you must sell it take your time and find the right market. Here's a link to an LJ that sold at R & M Hershey Auction in 2012: http://www.rmauctions.com/lots/lot.cfm?lot_id=1053816

This truck was an older restoration that was beginning to show it's age and it was gas on top of that. It sold for $33K.

[57 bcr]

Keep it! You'll kick yourself sooner or later for getting rid of it.It is a BEAUTY! Fair price for a total restoration.......if you took less than $50,000.00 for that truck,you'd be cheating yourself! My .02

[609albert]

my vote would be to keep it,and at 10K you would be giving it away. good luck

[countryboy5487]

Ok gonna best the perverbal dead horse here but i agree with the keep it's. If your wanting to start a truck shop that handels all parts mechanical body and paint work, what better way to show off what you can do and with your B. Honestly if my B needed work and i was joe blow looking for a shop to do some body work and a paint job and had the option of a few shops and one had restored a old road tractor to the extent you have done yours,my searching would be over and id leave you the keys. a living example of your skills like that is the kind of advertising you cant buy. And like was said anything you would do with it (parades, going to car and truck shows) could be written of as advertising expendature. I understand that you gotta do shat you gotta do but loosing a piece like that that has the memories of you and your dad working together cant be replaced

[countryboy5487]

Sorry i wrote a small novel

[220cummins]

The jury is still out but I'm leaning towards keeping it but with an open mind. I agree with some of you that 10k is just plain stupid! I guess my point of view is that the business I'm in now exposes me to other Macks that are available for restoration. Not only that but now I have a place to do a restoration along with doing regular business. I guess what I'm saying I don't think this will be the last truck my dad and I will restore together. We're doing a Cruiseliner as we speak. With that being said I can not thank everyone for the nice comments and compliments! I bought the truck to learn how to do body/paint work and It turned into running my own business and it has already has brought me some business. I have a 1983 DM tandem dump scheduled to be brought in for a winter rebuild, mainly blasting,body/paint, and a brake job.

[Jeff M]

I bought the truck to learn how to do body/paint work

All I can say is, you learn fast!!

[thomastractorsvc]

Here is a decent single axle for sale, bet if this sells it will be for less than 10K.

http://www.ebay.com/itm/Other-Makes-1960-Mack-B61-Diesel-truck-/331066240097?forcerrptr=true&hash=item4d1515ec61&item=331066240097&pt=Commercial_Trucks

An item is only worth what someone is willing to pay and what the market can bare, does that mean that there is not someone out there willing to pay top "off the chart" dollar for a truck?, no. But to the point that 220cummins is asking what would a fair price be so that it can sell in a reasonable amount of time? Comparing an auction that is over 1.5 years ago for a different model truck that is by all accounts rarer and was the Antique Club Of America show winner (museum quality restoration) with provenance is like comparing apples to grapes.

Go look at truck paper and you will see the same over priced trucks week in and week out, remember this classic http://www.truckpaper.com/listingsdetail/detail.aspx?OHID=4177625, it was talked about on BMT a couple time, they are not even listing a price now but if I remember right it was around $50K. That truck has been sitting for at least year. There are many examples just like this on CL, Ebay and other websites and just as many threads on here about an owner and his over priced truck.

Telling 220cummins his truck is worth more than 10K is not answering his question. Tell him what you would think is a fair price if you were to buy it is.

I hope he takes my suggestion and keeps it, but if he decides to sell it that is his choice, but we should all be able to help him

figure out what a fair and reasonable price would be.

[fxfymn]

Keep it unless you need the cash to capitalize the new shop. As you said you do not have time to run it, so you will probably never find time to do another one.

Does your business plan have you doing modern stuff or are you going to concentrate on older rigs? If it is older rigs then I would put a low boy behind it and start hitting the shows with whatever rig you are doing at the time.

How do plan on advertising the business? Nothing attracts truckers like an old truck.

If you must sell it I'd do my best to make it to the truck auction in Ohio this coming week end to see what a restored B is going for. I know of a couple that have gone in the over $50K range in the past few years. And before all the "It'll never go for that much and I'd never pay more than $10k for any truck." naysayers come out you need to remember to a high end collector $50K is half of what it would cost to pay someone else to do it. The one thing that will hurt the value is that it is not a rare model, but it is still desirable.

Good luck with whatever you do. I'm glad it's you and not me as I'd be heartbroken to let loose of something that nice.

[1957B61Vt]

my opinion is that your truck will mean more to you someday

than it does now.

you restored it with your dad.

the mack will still be there even when your dad is gone.

I am going through that right now my uncle and I started on

my B model 5 years ago and he now has Alzhiemers and doesn't

remember the fun we had working on it at all.

so I am learning as I go finishing it alone as he watches from his chair.

so my truck will stay until I am in the ground just for the memories

[thomastractorsvc]

Here is a decent single axle for sale, bet if this sells it will be for less than 10K.

http://www.ebay.com/itm/Other-Makes-1960-Mack-B61-Diesel-truck-/331066240097?forcerrptr=true&hash=item4d1515ec61&item=331066240097&pt=Commercial_Trucks

An item is only worth what someone is willing to pay and what the market can bare, does that mean that there is not someone out there willing to pay top "off the chart" dollar for a truck?, no. But to the point that 220cummins is asking what would a fair price be so that it can sell in a reasonable amount of time? Comparing an auction that is over 1.5 years ago for a different model truck that is by all accounts rarer and was the Antique Club Of America show winner (museum quality restoration) with provenance is like comparing apples to grapes.

Go look at truck paper and you will see the same over priced trucks week in and week out, remember this classic http://www.truckpaper.com/listingsdetail/detail.aspx?OHID=4177625, it was talked about on BMT a couple time, they are not even listing a price now but if I remember right it was around $50K. That truck has been sitting for at least year. There are many examples just like this on CL, Ebay and other websites and just as many threads on here about an owner and his over priced truck.

Telling 220cummins his truck is worth more than 10K is not answering his question. Tell him what you would think is a fair price if you were to buy it is.

I hope he takes my suggestion and keeps it, but if he decides to sell it that is his choice, but we should all be able to help him

figure out what a fair and reasonable price would be.

didn't sell, what a surprise http://www.ebay.com/itm/331066240097?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649,

Here is the other one that I doubt will sell unless the reserve is lifted and this one is "rare" http://www.ebay.com/itm/321252661072?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649

I think this one will sell, probably bring $4000-$5000 even as a contour cab, BTW this looks like the one that was listed in the for sale section that is in Maine http://www.ebay.com/itm/291022393036?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649

[Maddog13407]

gee a concave cab B42. wtf. gutless engine with a cab not many people can fit into. who knew..