Topic: Everybody selling their old, low-mileage CJs?

[chrisfranklin]

Better than usual selection on the Collins Bros. site right now: http://www.collinsbrosjeep.com/main.htm

The CJ with 80 miles on it is going for $55,000! Probably worth $500,000 once the collector market is better educated.

[chardrc]

that cj7 with 80 original miles  will shit out on you the first time you really use it. with that little amount of use for that long would lead to things drying out and all the seals going bad. but still amazingly low amount of miles. i wouldn't see it ever being worth $500,000 though.

[Jeffy]

A Jeep will never be worth $500,000, or even $250,000.  They made too many of them and built them to last.  The only ones that seem to have any value are the restored VJ's.  Even the WWII Jeeps aren't that much.  I can't see anyone spending $50K on a Jeep unless it was once owned by someone special.

[chardrc]

some parts on the early cjs are starting to get expensive though. like number matching blocks and stuff. i forget what they were getting for a block but it was outrageous. lucky for use we had an extra motor siting around when my dads engine block split.

[Jesse-James]

The CJ with 80 miles on it.....

I'd wheel it. 

[Jeffy]

The CJ with 80 miles on it.....

I'd wheel it. 

I would too.  Imagine all the cred you'd get from everyone, wheeling a stock old Jeep.    I remember when Rick Pewe drove a GPW across the Rubicon a few years back, very classy. 

[chrisfranklin]

You guys are totally wrong  .  But I didn't establish the proper time horizon, either.

Give it 20 years, still 80 miles on the OD.  500k easy (of course 500k in 2027 is probably going to be worth about 150k today). 

During that stretch of time you probably see 90% of the still remaining fraction of CJs -- with high mileage and getting off-roaded -- bite the dust (not that these would be worth anything in the collector market anyway)

Sure they made a ton of CJs. But how many do you see that are still in any kind of decent condition or essentially unused?  I'd be shocked if you could find 100 on earth with less than 100 miles on the OD. 

Pit that versus Jeep's brand recognition and public appeal?  $500,000 for that 80 mile CJ might be a conservative estimate 20 years from now. 

 

[Jesse-James]

In 20 years, I'd still wheel it. 

[neale_rs]

The CJ with 80 miles on it.....

I'd wheel it. 

I would too.  Imagine all the cred you'd get from everyone, wheeling a stock old Jeep.    I remember when Rick Pewe drove a GPW across the Rubicon a few years back, very classy. 

I also recall an article in a magazine (maybe on called Off-Road) about a stock CJ-2A they called the Grey Ghost and drove across the Rubicon.

[neale_rs]

You guys are totally wrong  .  But I didn't establish the proper time horizon, either.

Give it 20 years, still 80 miles on the OD.  500k easy (of course 500k in 2027 is probably going to be worth about 150k today). 

During that stretch of time you probably see 90% of the still remaining fraction of CJs -- with high mileage and getting off-roaded -- bite the dust (not that these would be worth anything in the collector market anyway)

Sure they made a ton of CJs. But how many do you see that are still in any kind of decent condition or essentially unused?  I'd be shocked if you could find 100 on earth with less than 100 miles on the OD. 

Pit that versus Jeep's brand recognition and public appeal?  $500,000 for that 80 mile CJ might be a conservative estimate 20 years from now. 

 

I recently sold my '43 GPW after 21 years of ownership and it seems that old jeep prices go right up with inflation. With inflation around 3+% prices will double about every 20 years so it may take 60 years or a bit more to reach $500,000.

[chrisfranklin]

but neale are you talking a next-to-zero mile '43 that stayed in a sealed garage for the last 65 years?
The near zero mile, "in-a-bottle" cars/trucks are the ones that get top dollar with collectors. If I owned the CJ in question, I'd seal it up somewhere climate-controlled.

On the flip side of this:  even if you make $500,000 selling it, you are probably going to feel like you lost $500,000 if you spend 20 years with a mint CJ in your garage that you never drove or took off-road. 

[Jeffy]

but neale are you talking a next-to-zero mile '43 that stayed in a sealed garage for the last 65 years?
The near zero mile, "in-a-bottle" cars/trucks are the ones that get top dollar with collectors. If I owned the CJ in question, I'd seal it up somewhere climate-controlled.

On the flip side of this:  even if you make $500,000 selling it, you are probably going to feel like you lost $500,000 if you spend 20 years with a mint CJ in your garage that you never drove or took off-road. 

You're still way too high!     Please don't drink the bong water that Collins Brothers sells.  I think Collins Brothers may get their $55K in 20 years if they're lucky.  Consider this, a real rare Jeep like a Quad aren't even asking $500,000.  The rarest of the rare is probably a Civi-Jeep.  These were the first 12 civilian Jeeps ever sold.  Only 4 are known to exist.  I believe only two of these actually run.  Fully restored they may get into the mid 10's if they ever came up for sale.  I bet the one off CJ-4 full restored will probably bring in closer to the 100's but even after another 20 years, I doubt it will get up to half a million.  In 1985, AMC built around 43K CJ-7's.

Then there's the other consideration.  In 60 years will we still be running gasoline?  Kinda reminds me of the episode of Futurama where Fry finds an old VW Microbus and follows Beck and Bender on tour.  In the end they crashed at Fort Point since there was no deck and all new cars hovered.

[oldjeep]

The rarest of the rare is probably a Civi-Jeep.  These were the first 12 civilian Jeeps ever sold.  Only 4 are known to exist.  I believe only two of these actually run.  Fully restored they may get into the mid 10's if they ever came up for sale. 

I think you mean agri-jeep

[jeepheap]

the rarest jeep is up for debat if you really get down to it. yes the first 12 or the cj-4, but what about the "seep" (the jeep boat) or "old number one" which still hasn't been found (if it hasn't rusted away!)? there's the budd body proto type or even the ford pygmy is was based on. but those are all "jeep"s not "Jeep"s.

as far as "Jeep" is for rare prodution models, the rarest has got to be the "Hurst" Commando. only 100 built? (god i wish i knew that 5 years ago... i had one ). but ulitamately it comes down to what any idiot will pay. I mean hell earlier this year some guy bought a hemi charger , not even an original, for almost a million. if anybody wants to spen $500k on a jeep, save your money cause i'll sell you the broklyn bridge for only $200k.

 :rant:but that's just my opinion.

[neale_rs]

but neale are you talking a next-to-zero mile '43 that stayed in a sealed garage for the last 65 years?
The near zero mile, "in-a-bottle" cars/trucks are the ones that get top dollar with collectors. If I owned the CJ in question, I'd seal it up somewhere climate-controlled.

On the flip side of this:  even if you make $500,000 selling it, you are probably going to feel like you lost $500,000 if you spend 20 years with a mint CJ in your garage that you never drove or took off-road. 

Fully restored GPWs go for around 15,000 routinely.  Mine went for only $4000 but I paid only $1500 in 1986.  So it actually went up faster than inflation.  You could be right that a very special vehicle would go up in value even faster due to increasing scarcity.