Series 1 88 - minimum value. - Defender Source
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  #1  
Old November 9th, 2013, 08:51 AM
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Russell
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Series 1 88 - minimum value.

Hypothetical. What is the floor value of a complete Series 1 88? Say it is complete, has been sitting for 15 years, "ran before it was last parked" and the frame was serviceable? For this hypothetical, I would say this Series 1 represented a $12,000 Defender 90 that would get snatched up in a day but needed a weekend or two to get running and could be cleaned up to look okay from 20 feet.
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  #2  
Old November 9th, 2013, 09:01 AM
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Hmm hard to say really. Pictures? I do have a friend that sold one, with non running Pinto engine installed, but it was Nevada truck so entirely (yes, entirely - I was surprised) rust free. I think he got about $4k for it. It was LHD and was to be treated to a high end restoration.
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  #3  
Old November 9th, 2013, 09:23 AM
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Too many vultures in my area. I can see Jonesie rolling now just off this cryptic post! LOL.
No pinto, but original block rebuilt with stellite valve inserts some time ago. It is a 1958 with the requisite patina and TLC necessary to get it back on the road. Not the best bones for a resto.
I'm building small 'shed' but damn if an 88' wouldn't fit in there as well.
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  #4  
Old November 9th, 2013, 09:26 AM
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Series 1's are hit or miss. Not very many people know very much about them. Sold to someone that knows what it is and knows what to do with it (and is motivated to do so) it could be with around $5k maybe. Sold to your average rover tinkerer who doesn't understand it, half that.

Be careful "investing" in one of these. Its not a money maker, so much as a novelty.
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Old November 9th, 2013, 09:33 AM
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Series 1 are cool, but what to offer depends on your gotta-have-it quotient. I know it's sometimes hard to keep your pants on when negotiating, with visions of open-air trail busting in your vintage ride dancing in your head. Try. I approach these situations as though I were a used car dealer. Buy with the idea that you want to be able to flip it for more than you paid in case you have to unload it for some reason.
With that in mind I would say that there might be problems with the truck that will completely blow your plans. It may have a bad chassis, rotten tub, all kinds of things that could double or even triple your estimated rebuild costs. That's your risk that you have to consider at buying time.
I'd say that you should start somewhere around 2 grand, and see where it goes from there. If it goes above 4 I would start getting very discouraged.

------ Follow up post added November 9th, 2013 09:37 AM ------

Quote:
Originally Posted by down_shift View Post
Too many vultures in my area. I can see Jonesie rolling now just off this cryptic post! LOL.
No pinto, but original block rebuilt with stellite valve inserts some time ago. It is a 1958 with the requisite patina and TLC necessary to get it back on the road. Not the best bones for a resto.
I'm building small 'shed' but damn if an 88' wouldn't fit in there as well.
Oh, it's that one. I fear that Mr Hoarder wants far too much for his treasures, but who knows. Good luck with the negotiations.
I saw the ad and thought he was about a grand too high of the mark. It will need a new chassis at the very least.
On the flip side, it is the classic Series that everyone wants, so if it's really done right it will be a nice truck. It's going to be about 10 grand to get it back to driveable, and another ten to make it pretty.
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  #6  
Old November 9th, 2013, 09:54 AM
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Bill (all), always great advice and that would be the one. Yes, looking for that clean D1 for $350, but in a Series 1, so to say, before making the drive out to inspect. No interest in being stuck with it if looking to unload. Pics by said hoarder.
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  #7  
Old November 9th, 2013, 10:01 AM
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Quote:
Originally Posted by down_shift View Post
I'm building small 'shed' but !@#$%^&* if an 88' wouldn't fit in there as well.
Even better...I believe a '58 is only 86" !
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  #8  
Old November 9th, 2013, 10:19 AM
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Quote:
Originally Posted by Nomar View Post
Even better...I believe a '58 is only 86" !
58 is an SII 88" with the 2l IOE engine.

That looks like a 57 88" SI.
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  #9  
Old November 9th, 2013, 10:24 AM
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Cool looking truck. Figure on making half your money back immediately by selling off those sand ladders on ebay and bringing the rack and misc parts to the scrapyard. haha If it looks good inside and the engine compartment, chassis/bulkhead are not swiss cheese, then I would feel good going up to 5-6k if it isn't missing tons of parts.

If it has been sitting out, on that plot for the past 15 years, it will definitely not be a weekend or two to get it running. rust will be there in full force and all rubber/hydraulics will probably be shot and should be replaced. All electrical connections (not many to start with) willl have been gathering ohms on a daily basis.. I'm not up on S1's but figure that correct parts will be 5x as hard to get compared to Series trucks and 10x harder to get than Defender parts. So this increases your $$ outlay on getting it running.

That all being said, it looks REALLY COOL! And is the best color to boot. I wonder if its an ex fire truck? It must be salvaged before it rots into the ground! ! !
If you pass on it, pass the contact info to the community!!
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  #10  
Old November 9th, 2013, 10:36 AM
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Quote:
Originally Posted by evilfij View Post
58 is an SII 88" with the 2l IOE engine.

That looks like a 57 88" SI.
Oh thats right, did 86" stop in '56?

Looks like someone went wild with some free pipe...is this the hoarder who's been known in the area for awhile?
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  #11  
Old November 9th, 2013, 10:50 AM
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Thats a somewhat unusual truck, probably originally a fire truck. That could hurt its value, truthfully.

Restored LR fire trucks have a microscopic market and cost a huge amount of money to restore properly. And you cant really restore as a non-fire truck, because then it wouldn't be original. Kind of a pickle...

It definitely falls into the novelty category. No value beyond what someone is willing to pay.
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  #12  
Old November 9th, 2013, 10:54 AM
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How much does he want? Why don't you compare his asking price to running examples for sale in the uk?
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  #13  
Old November 9th, 2013, 11:29 AM
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Russell, I left a voicemail but I'm going out there tomorrow to take a look at his stuff if you want to join me. Not in competition for the series because as Bill says I think we'll find his pricing is out of touch (although admittedly I'd be interested at the right price ). But a visit ail give me a baseline and if he ever comes down I'll know what he has.
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  #14  
Old November 9th, 2013, 12:23 PM
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It may be in "one piece" but it will require a complete tear down. Then it will be in several hundred pieces, each of which will require it's own amount of love. This I know.
If it's a Series 1 project that you must have, then I would start with the one Ike has. It'll cost you a grand to get it here, but it is not a corroded basket case. I think it is in parts, or maybe a rolling chassis.
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Old November 9th, 2013, 09:02 PM
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Charles, thanks for the invite to check out those series tomorrow. Would like to join but have a conflict. I emailed an offer for that S1 which he probably laughed at. Okay to tell him we know each other. Let me know what you find out.
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Old November 10th, 2013, 03:32 AM
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Currently on ebay uk:-
http://www.ebay.co.uk/itm/Land-Rover...item43c0a9fd30

http://www.ebay.co.uk/itm/1952-Land-...item2a2fbfc64a

http://www.ebay.co.uk/itm/1957-Serie...item2a32bb7ee6

http://www.ebay.co.uk/itm/1954-Land-...item20dab7583c

http://www.ebay.co.uk/itm/Land-Rover...item2c74970b18

The last two being more representative I'd think.
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Old November 11th, 2013, 09:50 AM
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Russell, give me a call.
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I'm here for the D's
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  #18  
Old November 24th, 2013, 08:43 PM
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I took some pictures of this truck when I was down there. If anyone is interested in this truck I can put you in contact with the seller. I don't know what he wants for this - he says he wants people to make him an offer. I do know he turned down a $2k offer and 2 people have passed on it. It's definitely a project and will require bulkhead and frame work and has lots of customizations which would likely leave holes in the otherwise mostly straight body panels.


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Old November 24th, 2013, 10:05 PM
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that is pretty rough. and for a Series 1 where parts are extra tough to get.. big project. But it is really cool. If only I had the garage space....
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Old December 14th, 2013, 02:35 PM
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Quote:
Originally Posted by Nomar View Post
Oh thats right, did 86" stop in '56? Looks like someone went wild with some free pipe...is this the hoarder who's been known in the area for awhile?
Yes the 57-58 Series 1s are both 88"
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