I am looking for my first LC 100 series and have come across one with impeccable service records at 394,000 miles. I have read just about every thread I can regarding high mileage 100 series on ih8mud. Sounds like it has been "baselined" and oil changed every 3,000 miles. Timing belt and water pump seem to have been serviced at the correct intervals. No rust, asking $10k and doesn't really want to budge on that number. Sounds high but just wanted to see anyones thoughts. I have read countless times that condition trumps mileage but that seems to be more in line with the vehicles people mention at the 200k-300k mark. I am viewing it this week and it is quite the drive. Just haven't found a lot of sales at that high mileage to support the price. Is it reasonable to assume if this is in the shape I think it's in, that it is worth the $10k? Loaded question I know
As someone who just bought their first 100 series, I can empathize! I followed this site pretty closely for a few weeks and found one listed for 5k at 275k miles that had some issues. I dove in because I was impatient and that was a price that I could justify. I think that the owner was as honest and straightforward as his skill level and understanding allowed him to be. Which left some gaps. And honestly, to some degree or other that's always going to be the case. I've already ordered 2k in parts and have a rust repair that will, if I'm lucky, only cost another 2 grand, could be twice that.
Having said that, I will be much, much more informed for my next 100 series purchase.
Knowing what I know now, and how much small upkeep there ends up being even with meticulous ownership -- things like locks, window seals, little electrical things -- I would have made the jump to one of the 200k mile 12k ish cruisers I see from time to time. Depending on condition I would maybe budget upwards of 15k. I would actually have been ahead, saving that bit more and been a bit more patient. Honestly for no other reason than it would make me more motivated to keep chasing all that stuff as it inevitably comes up.
For me, putting a lot of energy into something when -- real or imagined -- you feel like you are the end of the line for a rig, is less motivating. At 400k miles -- on the east coast no less -- I personally would just have a hard time tackling all the small stuff.
Even if this thing were garage kept on the west coast, I'd have to think at this price level. There's just a lot of downside for you and basically no upside. If you ever want to move on, or you lose motivation to throw another 3k in parts for a transmission or brake booster etc, a lot of people will pass just because of the mileage, let alone the region. So are you going to be as firm on price as this guy who seems absolutely dead certain his vehicle is worth more than the presumably hundreds of ppl that have seen his ad over the months think it is?
Also, a painful lesson I have had to learn in used car purchases, just because someone is certain in their belief, doesn't make them right. You could be the best mechanic in the world, you could literally be married to a car of this vintage, there are going to be uncertainties. Even at half that mileage!
I assume you are your own mechanic?
Some of this stuff can get really expensive if you are paying dealership rates.
Basically the advise I would give myself, is to be more patient, and to just save more money before diving in. I believe 12-15k is the sweet spot for these trucks from what I've seen. Of course I only learned that after diving into this one. But maybe you are smarter and more careful!