Repainted new vehicle is a huge red flag - no one will argue.This is true for just about every single vehicle, but especially true when doing it with the least desirable year of a vehicle. Also new paint almost always is a huge red flag for me. I’d rather have crappy original paint than a cheap respray.
However, for old off-road veteran this is necessity to preserve its body from being rusted away. Huge investment has to be well protected and it will appreciate with time.
Prior putting new coat of paint, all windows to be removed and metal cleaned. All weatherstrips to be replaced with new ones. Again this is simply a necessity and can be lots of fun for DIY enthusiast.