Series salvage value - Defender Source
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  #1  
Old September 6th, 2012, 08:52 PM
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Jason Lavender
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Series salvage value

Anyone have any references (Copart auctions, past sales, etc) that reflect the salvage value for a Series Rover?
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  #2  
Old September 7th, 2012, 10:36 PM
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I do not. However, I do know that parts and the value seem to tend to vary by region. East coast seems to have a lot of availability, west coast pretty decent, everywhere in between they are expensive as there aren't a lot of them. You might try Pangolin 4x4 for a west coast opinion.
Good luck
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  #3  
Old September 7th, 2012, 11:05 PM
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Quote:
Originally Posted by JSBriggs View Post
I bid $100

-Jeff
I'm with you! However, $4000 seems absurd .
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  #4  
Old September 8th, 2012, 08:42 AM
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Jason - you could "reasonably" argue with them about the parts value. Any decent price between $1-2K would be a good start. You could also find, scour away on the web, a number of decent solid same types for around $4K....so therefore logically they need to sell it back cheaper...

I know logic and insurance companies seems like an oxymoron, but it is worth a try.

Good luck mate.
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  #5  
Old September 8th, 2012, 11:19 AM
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Several years ago I bought a salvaged early 2a 88" truck from a local guy here in Ca. He had bought the wreck back from his insurance company. I bought it complete (minus vin plate) for $1k.

Hope this helps.

Daniel
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  #6  
Old September 8th, 2012, 11:51 AM
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In Sterling, VA, the metal recycler offers $0.04 per pound of scrap steel. If you strip everything off the frame and scrap just the frame (of a 109) you will get $16 (rounded off). Well, there was an exhuast system mixed in with that load - so take a dollar off or so.

He aslo gets $0.30 per pound of clean mixed aluminum. ($0.50 for clean cans)

So if you do the math - you can get the true scrap value of a Rover.

That is probably not what you were asking - but I had this random nugget of knowledge that I just wanted to pass along.
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  #7  
Old September 8th, 2012, 01:13 PM
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Scrap metal prices fluctuate pretty rapidly, and vary based on how far down the chain the buyer is that you are selling to. When prices are up a bit, If I go an hour away to a larger buyer/processor I might get 10-12 cents per pound for steel/vehicle shells. If I go 10 minutes up the road, it's more like 9 cents. They in turn crush the vehicle, load it with 20 others onto an 18 wheeler, and sell it to the other place for 10-12 cents per pound.

If you are only getting .04/lb then the buyer is really far down the line from the place who is smelting it down and selling it to china or making it into rebar. The rate I have gotten in the past couple months is .07 which is as low as I have seen in years. I blame the warmer weather and active crackheads for flooding the yards with ferrous material. When you get really into it you can see how it works and it's pretty fascinating. Hell I'll even buy scrap metal if I can turn it around for a profit.

Aluminum breakage is what engines, etc sell as at the local metal yard I sell too, that's usually .15/lb. Some yards call this irony aluminum- because it has some ferrous content. Clean cast AL and sheet AL have rates of their own that are higher and 356 alloy wheels are usually worth around .75 these days. Wiring harnesses are #2 low yield copper, around $1.00/lb but sometimes as low as $.50- depends on the supply/demand.

------ Follow up post added September 8th, 2012 01:21 PM ------

In response to the original question- can you provide more information? And in what context are you asking this question?

Does it/did it run and drive? The salvage value of anything like this should be based on its condition and the conditions of series vehicles produce a wide spectrum... One with a decent body that has been sitting for years could be as much as $2,500 but make that a running/driving truck, or give it a new galvy chassis and $4,000 doesn't seem unreasonable.
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  #8  
Old September 8th, 2012, 05:07 PM
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Wait are you scraping it, shit bring to down to scrapyard I work at, I'd love to buy it then, or atleast grab parts from it.
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  #9  
Old September 8th, 2012, 05:10 PM
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Quote:
Originally Posted by JohnsD90 View Post
Wait are you scraping it, shit bring to down to scrapyard I work at, I'd love to buy it then, or atleast grab parts from it.
Haha...no, not scrapping it...most likely repairing, it's mainly the tub that's bashed and rear cross but prob would be easier to just throw a replacement galvy frame under it.

------ Follow up post added September 8th, 2012 05:11 PM ------

Quote:
Originally Posted by 1962siia88 View Post
Several years ago I bought a salvaged early 2a 88" truck from a local guy here in Ca. He had bought the wreck back from his insurance company. I bought it complete (minus vin plate) for $1k.

Hope this helps.

Daniel
Why no vin plate?
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  #10  
Old September 8th, 2012, 07:13 PM
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I believe another vehicle used the plate to get reg'd. The frame was bent and so was the rear axle housing. Much of the body work in the back was damaged too.

The guy advertised it as parts and probably sold or gave away the vin before I got there.

Daniel
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  #11  
Old September 9th, 2012, 08:46 AM
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I know Al Tocci at DAP used to be a licensed appraiser for Land Rovers. You might check with them. Also RN or AB. ECR maybe? Someone who's been in the Series business a long time.
Even if Al isn't still he might be willing to give you a ballpark based on photos and description. At least he used to be one so it would likely be more accurate than an insurance adjuster, particularly if you ask the insurance company what they are basing it on.
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  #12  
Old September 9th, 2012, 09:57 AM
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Quote:
Originally Posted by JSBriggs View Post
Honestly, I dont think I go more than $1500 to get it back. See if they will negotiate, if not, for $4k, laugh at them and walk away.

-Jeff
This is exactly what told him.
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