1956 Ford F100 Pickup/modified Burgundy With Gray Cloth Interior on 2040-cars

International Vehicle Appraisers Network

VEHICLE APPRAISAL

On 22 June 2014, I personally visually inspected and evaluated the vehicle described below for the purpose of providing an estimation of the vehicle's fair market value today. I inspected the vehicle's engine/engine compartment, exterior, interior, and chassis. The evaluation is based upon preservation/ restoration, maintenance and/or replacement costs.

Vehicle Make & Year: 1956 Ford F100 Pickup/Modified

VIN: F1006K19779                             Body Style: Pickup Truck

Color: BURGUNDY      Interior (color/material):  2 TONE GRAY CLOTH

Owner:              ESTATE OF JOHN CAPANO                                 Email: SALCAPANO@YAHOO.COM         

Phone: S STEVEN CAPANO (Brother) 302-753-4515 Cell

Vehicle Inspected at: RESIDENCE

Special Features

Mileage: ODO Shows 24155 Truck is modified to owner’s tastes. Truck has late model Ford Engine 351 Cleveland and automatic transmission that were installed in 2006.  Aftermarket wheels (American Racing). Truck is very clean and appears to have been well maintained. No visible leaks or drips under truck.

Comments

Engine/Engine Compartment: (Overall Condition Grade # 4+) Ford 351 Cleveland. Well done late model engine and trans swap. Motor has MSD distributor and ignition module. Motor sounds solid when running with no obvious noises or rattles. Engine compartment is nicely detailed. Truck has power steering and brakes. Aluminum Edelbrock intake and Carburetor. Nice aluminum radiator overflow tank with polished top tank on radiator also. Truck has been driven on regular basis.

Chassis: (Overall Condition Grade # 4) Front suspension is torsion bar from different vehicle. All work to chassis appears to be very solid and of good quality. Chassis could use a good cleaning and detailing to help improve overall grade as well as appearance. Exhaust system appears to be relatively new and is rust free. Truck has true dual exhaust from manifolds back. Front disc brakes with rear drums. American racing wheels with Bridgestone tires with plenty of tread remaining.

Interior:  (Overall Condition Grade # 4) Interior is nice but could use some finishing details. Trims rings around door handles are missing and carpet on floor has some fit issues. Interior is clean with no visible rips or tears. Driver’s door window glass is cracked and should be replaced. Truck has stock gauge cluster with additional aftermarket gauges added. Oldsmobile tilt column and wheel have also been added.

 Exterior:  (Overall Condition Grade # 4+) Paint looks very good with nice depth to entire paintjob. Some chips and scratches from vehicle use are evident but have been touched up. Most chips are around edge of hood and tailgate. Many chrome items throughout exterior. Pin-striping is tastefully done and fits with overall appearance of the vehicle. Panel fit is okay but not very consistent throughout vehicle. Bed floor is nicely finished with stained wood flooring and aluminum diamond plate toolbox mounted at rear of bed. 

Summary/Comments

Truck sat and idled the entire time of my visit @ 1 hour and the temperature gauge never went above 160 degrees. Truck is a very nice looking driver with a well detailed exterior. Undercarriage could use detailing and painting. Overall a nice custom 1956 F100 driver.

(Condition code: #1 Excellent, #2 Fine, #3 Very Good, #4 Good/Fair, #5 Poor/Restorable, #6 Parts Car)

After careful evaluation of this vehicle, based on my expertise and experience (and after consulting Old Cars Price Guide, NADA, Collector Car Auction Results, the Internet, reviewing the International Vehicle Appraisers Network database, reviewing comparables, etc. and after consulting with other Professional Appraisers, museums, and automotive experts, etc., when necessary, I appraise (estimate) this vehicle as having a Fair Market Value of $12,500.00.

I hereby state that I have no financial interest, ownership, or employment in/with any firm engaged in the purchase, sale, insurance or transport of motorized vehicles nor in any firm engaged in the repair or restoration of motorized vehicles.  I further state that I have received no compensation for this appraisal, from any source, other than my fee of $175. Therefore I have no actual or potential conflict of interest in providing this appraisal.

                                    Signed                 Seth E Pancoast III                                    Seth E Pancoast III

CREDENTIALS of Seth Pancoast III

1)    Certified Appraiser in the International Vehicle Appraisers Network (nationwide association).

2)    Judge for the Antique Automobile Club of America (AACA)

3)    Judge for Local Clubs Historical Car Club of Pennsylvania (HCCP) since 1995.

4)    Board Member of HCCP since 2001.

5)    Former Motocross racer.