1977 fj40 lost and then found.

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Joined
Nov 28, 2016
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2
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Location
Tennessee
Hey guys. Batand new to the forum and this is my first post. My dad bought a 1977 fj40 in 1982. I was 5. It was his daily driver for several years. I learned to do oil changes general maintenance, clutch jobs, brakes, you name it, over the years. When I turned 16 she became mine. At 19, blame it on horomones and stupidity, I sold it. It took about 4 or 5 years to realize I made a mistake and regretted it ever since. I had a pretty good idea of where the guy I sold to lived. I kept my eye out in back yards and open garage doors for twenty years.
Recently I put a post on FB looking for info and if any one knew the guy I sold it to. After many months of chasing rabbits and talking with people I found him. Only then to find he had let it sit in his driveway after a move up until July 2016. He was moving and needs to get rid of some vehicles because of a lack of parking at his new residence.

So here is where it gets sad. He put a for sale sign in a ford ranger and a guy pulled in to look at it. After haggering a while they agreed on a price, but the only way the owner would honor that price was if the buyer agreed to take the fj as well. According to the owner he balked and didn't want it. It was full of rust and hadn't been started in decades. Reluctantly he agreed and had a roll back come get it.

Through much more interviewing, investigating, and interrogating I found the new owner. This was oct 16. So when I talked to the guy I had to tell him it was mine at one time and had tracked it down to him. So the story shifts gears and he lets me know that he had tried for 6 mos to get the original owner to sell it to him. He told me how rare they were and how hard it was to find parts but that it was also in terrible condition. I tried to schedule an appt to come see it and he's been busy with this and that. He told me he wasn't sure what he wanted to do with it yet. Meaning should he try and restore and really up his profit or sell it to me as is and pocket whatever I am willing to give.

Just from looking at the pictures I can tell it does have some cancer in the rear fenders and the rocker panels. It still has the original 2f with most likely the same oil in it as when it left my driveway 20 yrs ago. No top, no doors front or rear. He hasn't even tried to start it.

I can sit and pout about the fact that had I gotten to the original owner I could have gotten a much better deal and how this guy got it for free basically. However he has it now and I understand that he wants to make some money. He would never put a price on it nor commit to selling it but he did mention $4500 randomly.

The reason for this post is to see what it would be worth as is and what I should expect to pay for it and be fair for both buyer and seller.

The old picture is me sitting on the bumper with my dad. The other pics are in its current state and are about 3wks old from the date of this post.

Thanks in advance for any help or advice.

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there is a good bit of rust visible, which means there is 5x as much that you can't see.
at this point the value is how much you put on it, but i'd think 4500 is not it.
i feel you made a mistake mentioning your past with it. the current more than likely has no plans for it and is merely trying to get rich quick with you....which is sad, if he did in fact get it free with the other purchase.
offer 2000 and be ready to just walk away.
 
there is a good bit of rust visible, which means there is 5x as much that you can't see.
at this point the value is how much you put on it, but i'd think 4500 is not it.
i feel you made a mistake mentioning your past with it. the current more than likely has no plans for it and is merely trying to get rich quick with you....which is sad, if he did in fact get it free with the other purchase.
offer 2000 and be ready to just walk away.


Thanks for the reply. I agree. I think I'll just take some cash in my pocket. It will be hard to walk away tho.
 
be polite and try not to piss the guy off. maybe take the old picture of you and your dad with.
if you walk away, he could have a change of heart later and come back to you.
 
Just buy it, you will have forgotten a few hundred bucks in no time when its mixed in with the thousands you'l spend putting it right.but the memory's of you and your dad will be with you forever.

I agree if the difference is 2k dollars in the grand scheme of restoring one of these that's absolutely nothing. You can spend 40-60k on a resto relatively easy and that's doing the work yourself.
 
Of course he will. Stuff $2,750 in each of your front pockets. It's yours!
 
Try to negotiate the price down if you can but do whatever you need to get your 40 back. I like Brian's idea of bringing the picture with you too. After all your research and tracking, it would be a shame to lose it again over a few dollars, something you may regret in years to come. A very wise man once told me "money is nothing more than dirty paper and you can always earn more". This story deserves a happy ending. Good luck!
 
I love the "back in the day" pic. Is that in the "Back In The Day" thread?

:-)
 
Go get it and post some pictures of your new/old 40 put a $1000 in each of your pockets and I bet you don't get to the last one before he bites your hand off.
 
I'd meet face to face, and remind him that you had already talked to the PO and and you pretty much know how he got the 40. Ask how he likes his Ford ranger. If he's stuck on $4500, then explain to him that nobody is going to pay that for a rusty, non running 40, and then try to work out a reasonable deal. Leave your emotions at home, you might mention that it would be cool if you could restore your dad's old 40, but you're not going to overpay. You need to be able to walk away. Be sure to leave him your number if you walk.
 
I know you want it, but for $4500 I think you can find a decent running 40. I've never paid more than $500 for a non running vehicle.
 
Keep in mind that once he actually decides it is "for sale" he is likely to advertise it and someone is likely to buy it. If I wanted it I would certainly try to get the price down but in the end of it had sentimental value I would own it. In its current condition it probably isn't worth what he wants for it but at this point you are not buying it for its condition or because it is a good deal. You are buying it because your dad owned it and you have a picture of you sitting on the bumper at 5 years old. Some things are just worth owning because they are!
 
I've been looking for an FJ40 for quite a while. A few have slipped through my fingers either because I was too slow or because I wouldn't pay what the seller wanted. The end result is that I've continued to spend time looking and could have been working on and/or driving the rig.

I can guarantee you that I'd be happier if I had bit the bullet, paid a little more and got the rig to my garage, where it belongs:)

Don't over-extend yourself but if you can get it for a price you can handle then I'd suggest you buy it for the lowest price you can get. From what I've seen, when an FJ40 is priced fairly it sells fast.
 
too bad... if you have the means I'd buy that thing in a heart beat for 3k so - if he advertises it in that range, even not running, I would expect it to sell quickly and then she's gone.
 
If you don't get it and he sells to someone else it'll be a right nut punch and you'll kick yourself until you find it again in a worse state and you end up paying more, get your hand in your pocket have a haggle and get that rig. I'm sure you could find one in better condition for less money but it won't be the one your dad had !!!
 
I'd meet face to face, and remind him that you had already talked to the PO and and you pretty much know how he got the 40. Ask how he likes his Ford ranger. If he's stuck on $4500, then explain to him that nobody is going to pay that for a rusty, non running 40, and then try to work out a reasonable deal. Leave your emotions at home, you might mention that it would be cool if you could restore your dad's old 40, but you're not going to overpay. You need to be able to walk away. Be sure to leave him your number if you walk.
Exactly as I would have stated. Yes he knows you want it and you know he got it for free. Cut the bull**** with him and offer as fair price. Let him know that you would love to have the 40 because of the past but there are so many other 40's out there in a lot better shape. At the end of the day you can and will create new memories with any 40 and you will soon love it just as much as the one in your past. Nobody can take away memories and I am a sentimental person but I would not let him take advantage of me. It sounds like you are describing a lying a****** owns it now.
When someone starts the old story about how rare they are and about finding parts I let them know that I know more than they do about the 40. Also a lot of what they think they know is a lie. 40's are not that rare. There are more out there than most people think.
 
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Only you know your financial situation. I can tell you it is getting more expensive every day to restore a 40. Parts (new and used) are expensive. You think the previous post about spending 40-60K on a restoration may seem crazy, but I think I put close to 500 hours into my restoration. At $75/hr that is 37.5K, just in my time.

Everyone who has a 40 sees people on the net ASKING 39K for thrown together "restorations". Lots of crazy asking prices. I would love to know what things are really selling for, as I keep seeing the same rigs on my local CL for the same crazy prices, month after month. Buy it and restore it if that is something important to you and you really don't care how much it will cost.
 

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