If you want a nice looking, safe, and dependable coach. And you bought it for $1,000. You will have $25,000 in it. If you paid $10,000 for it. You will have $25,000 in it. If you pay $25,000 for it. You will have $25,000 in it. You will not make money on them. But you will have a lot of great memory that are priceless. And GMCMI has done that to a level that I could have never imagined.

How in the world do we figure our own labor. The thing is that for me. I enjoy going out to my shop , and spending time doing things to our 78 Royale. ( if I can even find the time ) The shop that I built to park it in has central air/heat. I keep it at 70 year around. So it ends up being my retreat from the world at any time that I can use some piece, and quiet alone to myself. So is it serenity, or cash value. Right now I'm negotiating with a guy on a 78 Royale. I'd like to save it from destruction. But on this one. I would need to pay me for my time. Nice paint, and body. Engine was re-manufactured 10 years ago. Hasn't been driven for the last 9 years. Needs tires, rims, frig, better bumpers, exh system, bearings redone, brakes, tanks flushed, fuel lines, brake lines, battery's, and the interior taken out to get all the mouse nest out. I came up with $10,000 in parts. No labor. I have him down to $6,000 now. I need to get him to $1,000. It could be worth $24,000. But even then I'm working for minimum wage. Or less.
Bob DunahughMember GMCMI78 RoyaleIowa
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we don't set the price, the market does" -- but lots of potential owners come here and at least lurk before making a buy. We teach them to value our coaches low.

Of course GMC's are little different than many classic or older cars -- owners often spend far more on them than they can ever recover at sale

I believe the 25K number is accurate, if not low. I have more than than in the 77 Elle II and it's not finished yet. Jim K appraised it for more than twice that but if it were to hit the market, I'd expect it would bring 15-20 depending if I were selling it vs my widow.

If someone is having the work done vs doing it themselves, they can probably double or triple the number...or more.

As someone said, it's a labor of love. I restored a dozen or two antique cars over the years. As soon as I finished them, I grew tired of them. I always got my money back but rarely anything for my labor.

I am very impressed and even somewhat amazed by what we are learning from the GMC Facebook site. There are a TON of young folks who are buying these things and doing what we do with them. They may not ever join GMCMI and hang out with the old folks but they're out there.

Dennis,

I agree completely. Here is what I recently posted on the Facebook site

"Yes, I don't understand how/why the owners talk down the price of the ones that come up for sale. Guys, when you do that you are devaluing your own coach! The GMC is by far the best buy on the used RV market. Knocking the asking price of the ones for sale helps no one."

The finding fault often scares off a guy who is ready to buy. If you go look at the quality? of the new lower priced RV's the GMC's really look good. We should be bragging them up instead of tearing them down.

Hal Kading 78 Buskirk Las Cruces NM