Part 1: Purchase & Towing
At the beginning of the year, my friend found a Pontoon boat from a guy in Swansboro, NC. Let’s call him Chance. The trailer had rusted out and fallen apart, but the boat itself was in decent shape. He worked out a deal with the guy and brought it home. He got to talking about another item that was sitting on Chance’s property. A 2001 Chevrolet Silverado 1500. It’s a base model, regular cab, short bed truck with around 140,000 original miles. The biggest issue was a misfire code that he could not eliminate. It smelled of fuel when running. He always suspected the Fuel Pump but never got around to replacing it. His wife said it was time to sell it and move on. Chance drove every mile of the 140,000 on the odometer. It pained him to sell it. He wanted $800 but he graciously settled on $700. After a test drive I could tell it was in good shape and it just needed a little TLC. The AC didn’t blow cold, he was up front about that as well. There was a rattle coming from under the body while driving, that would need further investigation. We put it on a trailer and brought it home. It sat for a few weeks before I began working on it, I was getting funds together to purchase a Fuel Pump and other necessary parts. Here are the plans for this truck (updated upon completion).
Fuel Pump (Completed)
AC Compressor (Completed)
Tailgate Rebuild (Completed)
Front Speakers
New Dash & Door Cards
Fluids Flush
Lowering Kit
Paint
Bed Liner
Wheels & Tires
Tint
$ Invested:
Initial Cost - $700
Fuel Pump - $90.00
Tail Gate Rebuild Kit - $ 45
AC Compressor - $250
Total Invested - $1,085.00
KBB value when purchased - $2,900 - $5,200
KBB value in “Excellent” condition - $3,800 - $6,800