I'm not sure where to post this but my older brother works for a shipping company and they have this LARC on their property. They want to know what it could be worth and where would be the best place to sell it. I don't have any details on its mechanical condition.
Thanks,
Mike Pop
I am extraordinarily reluctant to answer questions like this - because I have had a few books published, some people believe that makes me have an "expert opnion" - which some equate with an appraisal - and that is simply not true.
However, as stated in all my books (and a lot of my price guides on various collectibles have been published) - the only value that really matters is that of the buyer and seller.
Since I clearly am not the potential seller - I have to approach this from what I would pay for the item - and there is not enough information presented to assist me in making an offer. I understand you don't know the mechanical condition - so I'll assume it doesn't run. It would be good to know if the powerplant was present (several of these have been processed through DRMO sans engines and/or powertrain components). Where is it located? Its oversize - so transportation would be hugely expensive. When I consider purchasing a vehicle, consider transportation to my door to be an unavoidable part of my purchase expense. I know its 300 mile from you - and I know your GPS coordinates - but not being familiar with GPS coordinates - I'll figure worst case, you are in Washington State - 2300 mies from me. At 3 bucks per mile, I've got almost 7 grand in it by the time it hits my door. A LARC-V, while cool, isn't worth 7 grand to me - so I'd be out.
If, on the other hand, it was in Jackson, TN - one hundred fifty bucks would get it to the house - and I'd probably be willing to pop for a grand for the vehicle itself (again, its cool, but any time I move it will require a permit - that is, its gonna be a darn costly toy to own (isn't everything that goes in the water?) - and its just not worth that much TO ME.
A LARC-V weighs in at 19000 lbs - probably 3000 pounds or so of that is in the powerplant. The hull is aluminum - what is the scrap value of aluminum?
On the other hand, if it is near a body of water, someone can put some elbow grease into making it run and getting it Coast Guard approved, and then put the effort into marketing it to the right commercial user, I suspect it would bring large dollars.
I suspect in South Louisiana on August 29, 2005 a LARC-V in top condition would have brought $150,000. - very much different than the grand it would be worth to me.
Too often people become overwhelmed with the fear that they will have what I call "sellers remorse". (Oh, I could have gotten X dollars more). If the vehicle is being sold for delinquent storage fees - then anything beyond those fees is "found money" if its $500 dollars - great - if its $5000 great. If the owner of the vehicle is wanting to sell it - then he should have a dollar figure in mind. If you are thinking about buying it - what is it worth to you? I look at vehicles as disposable - how many dollars worth of pleasure will I get out of owning it. In the case of a LARC-V - I figured I'd get a thousand dollars worth of fun - in the case of my wrecker - I figured 13 grand. Others have bought wreckers cheaper - but that doesn't dimiinish my pleasure - others may spend more on a LARC-V - but that doesn't mean I "should" enjoy it more - or pay more.
Merry Christmas!
David Doyle