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I disagree about salvage/resale... he's not the one that bought it clean title and has to sell it salvage. If it really is nice (meaning you like it), and runs strong/decent tune/etc, $5k would be a great price. The resale aspect doesnt come into play because in a few years I bet he'll be able to get $5k or close to it if he sells it after some TLC. I like the $5k number, and if it actually looks good I'd go as high as $6k.
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