Was offered 3 graintrucks for 1k is there money to be made?

Hi guys

I found a couple trucks sitting in a field 2 months ago and finally tracked down the owner here are the specs

68 gmc 5500 with a 400 v6 no box no bed single frame single axle and a shot cab wants 250 for it gvrw 15,500

74 c65 with a 366 v8 no tranny gutted rearend no bed single frame single axle wants 250 for this one to gvrw 17,400

then he says he has a nother oen in teh shed so i looked at it and that one is like a 69 c50 with a 20 foot steel sided wood flooed box on it tandem axle 366 v8 4spd tranny 2 spd rear 9.00 20 tires all around with good tread says teh seal in the top of the hoist is shot but the truck runs and drives and he wants 500 for that one with title also the gvrw on this one is 33,000

so my question is this

I could juggle some money around next month to buy them but the place i can take them will only pay me 125 a ton for them, but i get to yank the radiators and take them somewhere else.

i dont know what any of these weigh empty so does anyone know if there is profit to be made on them when i have to have a friend come haul them for me ($75.00 per truck)?

I was hoping to make enough on the 2 junkier ones to make the better one cheaper for me so i can repair the hoist take off the box sides and use is as a iron hauler or would i be better scrapping them all out or just walking away from the deal??

you should come out fine.

I'd be a little cautious on this--trying to run that old gaspot dual axle for a scrap truck may be a heartbreaker. Costly to keep operational and costly to put gas into. Less than 10mpg, I'll bet. Also, I think you will run into regulatory issues with a truck with a load rating above 29K lbs.

You probably would be best to scrap all three out, pulling out the higher valued stuff like the rads , pulling wiring, selling any decent tires, etc.

Hopefully someone with some detailed experience will fill in some of the things you'll need to know about getting a heavy truck on the road.

JOn.

Your average scrap pickup truck today weighs around 4000lbs. Here at 200/ton you would be lookin at 1200 bucks. Those will be considerably heavier. Old and heavy and ones a dual axle. You should do just fine. But I would scrap them all. Something that old will give you trouble. Alot. Unless its properly restored I would not trust it to be very reliable. Sell parts too. A buddy of mine had a few grills of 69 chev trucks and sold em for 50 a piece. People restoring old trucks may need parts.

Maybe look and see if the yard will come pick them up directly. Saves the 75 bucks your friend wants. By the way, if my friend asked me id say pay my fuel and buy me a bottle or a 2-4 of koolaide. I dont look to make money off my friends..........

I have done similar. Scrapped a 65 ford tandem dump truck, I think a 33klb Truck? can't remember exactly. It had a 360 v8, and two transmissions- main and a 3 speed auxiliary. Took 3 long days with help.
Day 1:
Drag out of where it sat for 30+ years, took 2 pickups to move because of being sunk in dirt. Remove box, take to yard- about a ton, and not prepared price! THe trailer we hauled that with was actually more rigid with the box strapped to it! (Be careful)
Day 2:
Strip the good stuff! Radiator, heater core, Air compressor(air brakes), Starter, Generator, Air horns!, Copper air lines, brass fittings- all the brake lines were copper-Not DOT approved any longer!
Day 3:
Cut frame behind cab. Come-along front half onto gooseneck trailer(1/4" at a time), take to yard. Go back and do the same with Back half.

We sweated those days- middle of summer. Ended up with over 7 tons of iron at close to 280 a ton. Plus the non ferris, which went with other piles we saved.

Lessons: Have a way to catch the oil from the dump hydraulics- was close to 40 gallons in there! Demo saw with steel cutting blade is awesome for cutting old rusty frames! -But bring your cutting torch for inaccessable areas. Dont let anything heavy fall on you!! Be safe!

At first, I thought of getting it running and driving it in. Bad idea, it was a mess- only fit for cutting up. Besides, if DOT caught us, we would have been strung up- Safely, of course!

If I recall correctly the split ring wheels are not longer DOT legal, so you may have to get new wheels if you want to run one of the trucks. I could be wrong check DOT regs.

The 366 engines will have forged steel crankshafts. Same rod, main and throw size as a 396/427. They may have value a whole lot more than scrap to vehicle restorers. Especially the one in the C-50. Casting number and date code appealing to late 60's muscle car builders. GM steel and cast cranks are easy to ID visually. Wide parting line on casting is forged steel. Narrow parting line on casting is cast iron. If you can see the flywheel flange no need to pull oil pan. Last 366 forged crank I sold went for 200.00 to a local racer.

How much is he wanting got the truck.I would think you will have some work ahead of you but should make a decent pay day.

Also if any of you see a abandoned car at a abandoned house i can run the vin and get the owners name and such for you.

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Originally Posted by brandon

If I recall correctly the split ring wheels are not longer DOT legal, so you may have to get new wheels if you want to run one of the trucks. I could be wrong check DOT regs.

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I wish they were but they aren't. Completely legal, you were missinformed.

Junkman- why not just haul a grain truck in whole ? Seems like a waste of time to me. Id pull rad, and any other goodies and
Send the rest to the yard.

Junkman- why not just haul a grain truck in whole ? Seems like a waste of time to me. Id pull rad, and any other goodies and
Send the rest to the yard.[/QUOTE]

We cut up the dump truck because it was too long and heavy to fit on our trailer legally. We had to pass a notorious DOT hangout on the way to the yard. We also got 2 dollars more per hundred pounds for the tandem axels than the front half, and 5 more than the bed.

if they are in decent condition, some shops like having a vintage style truck to beat around on.

If you were closer I'd have you send me pictures. I'd love to make one into my toy hauler :D

Those old trucks are super simple for operation. Just need to know basic mechanical skills and some hyraulics to have everything functioning properly.

Quote:

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Originally Posted by taterjuice

Quote:

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Originally Posted by brandon

If I recall correctly the split ring wheels are not longer DOT legal, so you may have to get new wheels if you want to run one of the trucks. I could be wrong check DOT regs.

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I wish they were but they aren't. Completely legal, you were missinformed.

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I was about to say, I still see dump trucks with that style rim all the time up here.

appreciate the answers guys two of the trucks have bud rims the 74 has daytons and 75 each is what it will cost him for gas to haul each truck he has international flatbed hauler that we can put the two single axle trucks on but i could probably drive the c50 to its grave if that was the way to go on it we were figuring that the ones without beds would weight like 2.5 tons each because they dont have beds or anything like that on them and figured the complete tandem would weigh about 8-10k but the grain box is in nice shape if we got it all done in one day it would only be 100 cuz the yard is only 10 miles from where the trucks sit but if we only did one a day thats where the extra cost comes in beacuse he lives 60 miles from where the trucks are

Quote:

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Originally Posted by ponderingjunkman

Junkman- why not just haul a grain truck in whole ? Seems like a waste of time to me. Id pull rad, and any other goodies and
Send the rest to the yard.

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We cut up the dump truck because it was too long and heavy to fit on our trailer legally. We had to pass a notorious DOT hangout on the way to the yard. We also got 2 dollars more per hundred pounds for the tandem axels than the front half, and 5 more than the bed.[/QUOTE]
Does that 2$ offset your cost of labor and supplies ? For me it'd be questionable, especially when I usually have another pick waiting on me. To each his own I guess but not always does more money per ton equal more profit.

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Originally Posted by taterjuice

Does that 2$ offset your cost of labor and supplies ?

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I would MUCH rather have hauled it in as one piece to save time and $$. BUT, our trailer was too small for that, so we cut it up. It was the best we could do with what we had to work with. Paying someone to haul would have eliminated the profit- we checked on it first.

I agree with Tater. If the tires hold air I haul them whole. I have a tow hitch that adjusts to different size bumpers that I just hook onto and tow them in after pulling the valuable parts. This hitch has saved valuable time and effort. I use magnetic brake lights that I just plug into my truck so I just pop them on and off without much effort. I would recommend this tow hitch if you have a good size truck and lots of vehicles to haul. It was one of my better investments because I work by myself and sometimes have to move several trucks between job sites.

Any updates on this? I'm sure a few of us would like to know how this went.

they are stuck till spring but i am gonna get them paid for over the winter sort of like a savings plan for the spring i know it sounds pathetic putting scrap on lay away lol but i think i got a few parts sold off of them

Man your in MN...nobody can blame you for waiting till it was a bit warmer. Cept Patriot..he's crazier then you being up in the Dakotas. :p

Who wants to chisel three trucks outta ice! :-o

Sirscrapalot - Bed time stories are fishing tales that nobody asks for proof if it really happened.

check to see if any of them trucks run planetary axels. around here if you sell them in right market they go for $500-750 each to people building mud toys. the heavy axels dont break and are used to set up the high lifts.

the bed should be resaleable. i sold a 16 foot grain truck bed for 750 last fall off a 49 chevy 1 ton truck.

the dump bed equipment if repairable sells good too. look at fellow scrappers and farmers... also for the bed consider cutting the frame into a trailer. less regulation and just get a builders title. a 20 foot trailer should be worth at least 1000 - 2000 if built right. them axels are plenty heavy so would provide a very heavy duty trailer.

that old stuff sells because it was built to last and was easily repaired.

do your homework. you may sit on some of it a while but you listed potentially a few grand easy in parts and you will still have 90% of your scrap weight.

every one just thinks of. how fast can i get paid when a little extra time can make you 10 times more. i learned a long time ago to look to market or sell stuff creatively when it came to that stuff. it pays well if you got the pacience to do it. besides selling them as parts will make you far more than scraping them will.

just my 2 cents.

Just for reference, I recently took a 60s model International single screw grain truck; complete with motor and tranny to scrap weighing 3.5 ton (less the skeleton floor in the pic).
The box and floor were wood and I removed that before hauling. Torched behind the cab and got everything hauled with two loads on my 16ft car trailer. Ripped the wood and the radiator off with my skidsteer and loaded with it also. I think vehicle price was around $125/ton at the time. They accepted the rubber tires/wheels attached.http://im1.shutterfly.com/media/47a3...D550/ry%3D400/

Here's the complete truck.
http://im1.shutterfly.com/media/47a3...D550/ry%3D400/



And I like to piggyback cars too.

http://im1.shutterfly.com/media/47a3...D550/ry%3D400/

If you can get profit from a purchase as such
.... buy then drive to the yard your covered .

If you have room and ability to part out motors thats just more more icing .

BUT

the cost of $75 ($150) to get trucks out , is a consideration if your talking about taking them to your property. Once you have them,
you will once more need the help of a TOW .
So if the parting out is not fruitful
are you looking at another $150 ($300 ) ?

yeah he lives 55 from the trucks and the trucks woudl have to come back to my place another 15 so it would cot another 10 on each of them just to get them home the 2 junkers are pretty much that just junk nothing good left on them windshields smashed doors open and been sitting otuside for over 10 years the one in the shed was used up untill 3 years ago so that one i was thinking of selling the whole thing for maybe 1500 becasue it needs a new seal in the hoist and its got a NICE grain box on it yet

so how much did you make on these?

nothing i have not bought them yet and once they are paid for they are gonna sit until spring sadly i did not find them until it was too late to get them out this year :-(

$125. per net ton @ 2000 #

2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00
2000 $125.00

24000 $1,500.00
pounds


You need 24,000 pounds to get $1500
For me the sure thing is the scrap yards ,you know there the guaranteed source of money
if you make a purchase knowing your too close to scrap yard pay out or your relying on some one buying a motor from you
to get your profit ,
I feel the risk is real that all your doing is buying and selling for others to gain off you .
going form $150 to $300 to get to yard , based on spring time is also some real money there .
If by any chance your talking gross ton you then need 26880 pounds

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The good thing about scrapping is that it's all based on weight
You can't fluff the reality
often we want the killer purchase but the weight has to be there. Using a Spread sheet will often be your best way to figure Google docs has them for free
once you learn them you know the good the bad and the one to run from.

I like to always know I can bail out of hopeful selling of items & know the scrap yard has my back

Some parts can be worth quite a bit I saw 4 people fighting over a rock truck rear end at a Ritchie Brothers auction

well the scrap guy that lives 10 miles away from trucks is paying 135 now and if i have my buddy haul them back up by his place they aer paying 180 but i know that is gonan drop by spring and i figure if i put a lil money aside out of each haul i make then it be a gamble i can deal with a lil bit more. if nothing else i buy them all 3 for a grand spend 200 hauling them out and sell for a grand i only lose the 200 and have a grand to start the spring off with. if its lil bit here and there to buy them then its not such a big loss

Not sure if it's been mentioned but GVWR is vehicle plus rated load, NOT actual vehicle weight. Plenty of "discussions" with people that think a 26K truck weighs that much when, in reality, it might be closer to 12K.

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Originally Posted by Carhuntr

well the scrap guy that lives 10 miles away from trucks is paying 135 now and if i have my buddy haul them back up by his place they aer paying 180 but i know that is gonan drop by spring and i figure if i put a lil money aside out of each haul i make then it be a gamble i can deal with a lil bit more. if nothing else i buy them all 3 for a grand spend 200 hauling them out and sell for a grand i only lose the 200 and have a grand to start the spring off with. if its lil bit here and there to buy them then its not such a big loss

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So the plan would be get them - get certain parts off - then sell off the bulk of trucks for what might be at worst a small loss .
But you start spring off with some good stuff to sell .
If thats the plan that sounds fine as you still have some heavy items in your possession that if you can't sell to the public
you sell off the the yard as the final sale.

I once had a chance to take some items off an old truck they have thick copper battery wire terminals

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